Surya Exim Limited
 
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BACKGROUND:

Surya Exim Limited (Surya) is a closely held Public Limited Company engaged in the business of marketing of commodities like Non-Coking Coal, Polyester Yarn/Chips, Pet Resins, Polymers like PVC Resin, PP Raffia, LDPE, HDPE, MEG, Nylon Chips, LEG Lights & PTA/MEG etc. Due to rising demand of several other products, the Company has expanded its existing business portfolio to import of Series Special Inverter, VFD, and AC Drive etc. The Company is having its Registered Office located at Surat and branch Office located at Ahmedabad, Nagpur, Mumbai, Daman, Silvassa & Jalgaon. The branches at Daman, Silvassa, Mumbai and Jalgaon are in full operation as on date.

The Company is also having an integrated Coal Sorting, Grading and Warehousing unit located at the Magdalla Port, near Surat. The Company is having all these locations in a prime situation and in the range of 300 KMS from Mumbai, the economic financial capital of India.

Surat is also considered as the fastest growing city in the Asia, having 70% production of synthetics cloths in India. The items imported by the Company are the basic materials used by Textile Industry and Plastics Industry. Non-coking Coal is used for producing steam, which is widely used in the textile / Paper / Power industry.

Surat is also famous for polishing of rough imported diamonds and export thereafter. Surat has captured 70% share of the polishing diamonds in the International Market.

MANAGEMENT BELIEFS


BRIEF HISTORY OF THE COMPANY

SR. NO. EVENT YEAR
1 Incorporated 1989
2 Started a new division in the name of Surya Coal in Surat and Nagpur. 2000
3 Converted in to a Public Ltd. (Unlisted Company) 2001
4 Started first fully automatic coal screening plant in South Gujarat Region. 2002
5 Established a new division named Surya Yarn. 2006
6 Started own Logistic Division with the strength of 5 Trailers. As on today own 29 Trailers. 2008
7 Indian Oil Corporation Limited assigned DCA/CS Agent for Daman & Diu and Dadra & Nagar Haveli region. 2010
8 Set-up two product based division named Surya Rayon & Surya Technologies, geographical area based divisions at Bhiwandi & Introduction of 20 Dumpers for transportation of Coal. 2011
9 Started export of various commodities from India to other countries. 2012
10 Started operations at Jalgaon, Maharashtra. 2013

The Company was originally incorporated in the name of Prestige Marketing Private Limited on June 28, 1989 and converted into a Public Limited Company in the name of Prestige Marketing Limited on September 28, 2001. Its name has been changed to its present name Surya Exim Limited from September 13, 2002. SEL is promoted by Shri J.P. Saboo, a qualified Professional having more than 25 years of business experience in the field of professional practice as Chartered Accountant and 13 years experience in the field of Coal Industry / Yarn Trading and International Trade. 

In the earlier years, the Company was engaged in the business of marketing of consumer durables and home appliances. Subsequently in the year 2000, the Company discontinued the previous business and decided to focus on import and marketing of commodities, mainly Non-Coking Coal, for which there is a big market available in and around Surat. Thus in the year 2000, the Company established a new division in the name of "Surya Coal" and in a short span of 12 years, Surya coal has carved out a distinct position as one of the successful companies in the business of importing and marketing of non-cooking coal and supplying the same to diversified range of customers, which include companies like Grasim Industries Limited, Birla Cellulosic, Birla Copper, Garden Silk Mills Limited & Suraj Limited etc. The Company is also having an integrated Coal, Sorting, Grading and Warehousing facility located at the Magdalla Port, near Surat.

With the growing customer base and the over all healthy business environment, the company has chalked out a growth strategy, wherein the company has continue to focus on the increased non-cooking coal requirements for both its existing and new potential customers.  

The city, Surat, is one of the highest consuming belts for POY Chips, which are used as raw material by Yarn manufacturers, who produce POY Yarn. There are excellent opportunities for systematic imports and marketing of POY Chips also. Apart from the POY Chips, there is huge demand for POY / FDY / SPECIALISED Yarn, which is in short supply from indigenous industry, which gives vast opportunity for imported Yarn. Considering the growth of the yarn market, company has started in the year 2006 a division in a name of "Surya Yarn" to mainly look after the marketing and trading of various types of yarn and its raw material.

The company is also engaged in marketing of FDY / SPECIALISED Yarn for which, there is a huge market available in and around Surat. The Company has also developed a brand image among the end users of yarn. The Company is supplying to various end users and satisfying their diversified requirements. 

During the previous year the Company has developed the very good market of PTA/MEG, which is raw material for making Polyester Chips and manufacturing of Polyester Yarn and FDY and having Good Market demand.

The company is also engaged in marketing of various Polymers like PVC Resin / Pet Resin / PP Raffia / LDPE / HDPE for which there is a huge market available in and around Surat, Daman, Silvassa, Ahmedabad & Jalgaon.

The Company has developed good market in the Gulf/Middle east countries. Taking the advantage of the good contacts with the various suppliers from China, Taiwan & Korea, the Company enjoys a good standing and able to negotiate very competitive price by way of buying in bulk quantity. Hence the Company is able to source the material at low cost and able to export the same at a competitive price. The Company has successfully developed the Merchanting trade and is able to increase the profitability. The Company is already doing Merchanting trade of various polymer/masterbatchs/yarn/all sorts of computer hardware system/ etc. The Company is actively considering various proposal of marketing of various products in the field of merchant trade.

After the continuous growth of Surya Yarn, in 2010 Company has established another division named "Surya Rayon" to capture the market of Viscose Rayon Yarn. The new division is performing well towards its objectives.

The Company has decided to explore its business line in new area of Trading of electronic/automation equipments, devices and accordingly started a new division styled as "Surya Technologies" in the year 2011. The primary object of the new division is to tape the opportunities in the line of electronic/automation equipments, devices etc.

Apart from the above, the management of the Company is always committed to reduce the cost of expenditure to maximize the profits of the company which reflects in the volume of the profits of the earlier years. Further the management is also trying to utilize the assets of the company in a way to maximize stake holders interest commensurate with social development and sustainable growth resulting in maximization of wealth in addition to increase in profit volume.

Moving ahead, following the cost reduction policy, the Company has already developed in-house logistic infrastructure for transporting the goods from Landed Port to the Godown of the Company and for distributing the goods to the valued customers of the Company.     

PERFORMANCE INDICATORS

The summarized performance indicators for the last three years are given below:

(Rs In Crore)

Particulars 2013-14 Audited  2014-15 Audited  2015-16 Audited
Net Sales & Other Income 758.62 907.52 781.32
 
BOARD OF DIRECTORS
BOARD OF DIRECTORS
The Board of Directors of the Company
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Cotton Yarn, POLYESTER, Chemicals, coal, Textile, PP Bages Product, Polypropylene Bage
OUR BANKERS
OUR BANKERS
Canara Bank, ICICI Bank, Dena Bank, Bank of Baroda, City Union Bank, SBI
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Yarn
Energy
Polymers
Automation Equipments and Others
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