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Rander Corporation Ltd.

BSE: 531228 Sector: Infrastructure
NSE: N.A. ISIN Code: INE821D01031
BSE 00:00 | 23 May 9.35 0.17
(1.85%)
OPEN

9.18

HIGH

9.36

LOW

9.00

NSE 05:30 | 01 Jan Rander Corporation Ltd
OPEN 9.18
PREVIOUS CLOSE 9.18
VOLUME 4334
52-Week high 10.40
52-Week low 3.19
P/E 33.39
Mkt Cap.(Rs cr) 12
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 9.18
CLOSE 9.18
VOLUME 4334
52-Week high 10.40
52-Week low 3.19
P/E 33.39
Mkt Cap.(Rs cr) 12
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Rander Corporation Ltd. (RANDERCORPN) - Chairman Speech

Company chairman speech

Dear Shareholders

It is a matter of great honor and pride to present our company's performance for theyear 2020-21. The last year was a mixed bag for the company. The 1st half wasextremely difficult due to the Covid crisis but the 2nd half saw some cheerreturn to the real estate market thanks to the sops offered by the state government. Thecompany also managed to recover substantial amount of some of the loans which werethreatening to go bad. The net profit of the Company has increased compared to theprevious year but we have still managed to stay debt free and credit has to be given tothe management for the same.

We have initiated legal proceedings against few defaulters in the financing divisionfor recovery of loans given to them. We have also negotiated successfully with some of thedevelopers who were unable to give back their pending loan amounts and taken charge oftheir saleable inventories. The Company has also managed to resolve the legal issues inthe Dadar property and now it will soon get transferred in the name of the Company.

SIGNIFICANT ACHIEVEMENTS AT A GLANCE

The Company has negotiated with two companies operating in the Western Suburbs ofMumbai for their loan amounts and would get flats in their projects. Although the recoveryof the money would be slow the Company has secured its financing. The Company has alsosettled a legal dispute with one of the borrowers which helped the Company recover asubstantial amount in FY 2020-2021.

PRESENT OPERATIONS AND FUTURE PLANS

The Company is looking to finish the projects which are in progress and concentratesolely on its NBFC business and sell its land holdings or give them for Joint Development.As the Real Estate environment is not conducive the process might take some time but theCompany is exploring all the options to stay cash rich and expand the NBFC business

(Rupees in Lacs)

PERFORMANCE HIGHLIGHTS
Year Ended 31-Mar-21 Year Ended 31-Mar-20
Rupees Rupees
Total Income1 125.89 35.49
Total Assets value 2364.99 2419.36
Profit/(loss) before tax ('PBT') 11.30 1.98
Earnings per share 0.07 0.01
Total Income as % of total assets value 5.32% 1.47%
Cash and cash equivalents 7.41 3.84

1Total Sales includes income from NBFC division

COMPARATIVE FINANCIAL INFORMATION FOR LAST 5 YEARS

(Rupees in lacs)

Particulars 2016-17 2017-18 2018-19 2019-20 2020-21
Total Income 200.00 178.54 126.58 35.49 125.89
Profit Before Tax 29.62 27.44 18.15 1.98 11.30
Shareholders' Funds 1964.63 1987.40 1998.24 1999.46 2007.84
PBT on Shareholders' funds 1.51% 1.38% 0.91% 0.01% 0.56%

Your company has a great presence in real estate segment in Boisar. In spite of thesluggish economic conditions your Company is positioned well for the future on account ofits financial strength and proven business strategy that has helped it succeed in strongand weak economic environment and most importantly a dedicated and well-trained team ofpeople working together to achieve the Company's business goals.

GEOGRAPHIC PRESENCE:
2 Districts in Maharashtra state
Palghar and Mumbai
PROJECTS
Krishna Nagar
Krishna Residency
Balaram Nivas

OUTLOOK

Rander Corporation is on an accelerated growth path. With a solid foundation and soundbusiness strategy the Company has embarked on the second phase of growth. We willcontinue to focus on timely Completion of our projects which will further strengthen ourcashflows. We will expand in the NBFC segment and completely exit the Real Estate businessby monetizing our assets at the optimum prize

In conclusion I'd like to thank you and the Board of Directors of your Company forbelieving in the Management team and supporting us to surmount the challenges of theturbulent environment and still remain competitive. We are confident of delivering highervalue to our customers and shareholders and look forward to your continued support.

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