About Navalmar Shipping (India) Private Limited
Data last updated:
Navalmar Shipping (India) Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the cargo services segment of the transport and logistics sector. It was incorporated on 16 January 2002.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63032KA2002PTC030002. Its GSTIN is 29AABCN3781D1ZG (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Joseph Jayananda and Rosy Rego.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No.207/208 Sunrise Chambers 2nd Floor #22 Ulsoor Road Bangalore, Karnataka, India – 560042.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.99 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹56.24 Lakh (net margin -18.8%) and EBITDA of ₹57.87 Lakh (EBITDA margin 19.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years.
Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is navalmar.co.in.
Company details
Contact details
Navalmar Shipping (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is navalmar.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo.207/208 Sunrise Chambers 2nd Floor #22 Ulsoor Road Bangalore, Karnataka, India – 560042
- IndustryTransport and Logistics, Cargo Services
To see the full contact details of Navalmar Shipping (India) Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Navalmar Shipping (India) is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Navalmar Shipping (India) Private Limited, buy the company report.
Financials of Navalmar Shipping (India) Private Limited
FY 2019 filings availableNavalmar Shipping (India) Private Limited reported revenue of ₹2.99 Cr (down 12% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA rose 358% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.99 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹57.87 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹56.24 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.3% | ||||
| Net Profit Margin | -18.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Navalmar Shipping (India) Private Limited, buy the company report.
Board of directors of Navalmar Shipping (India) Private Limited
Navalmar Shipping (India) has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joseph Jayananda Also directs: Guezz Investments (India) Private Limited | Director | 10 Aug 2017 | 9 Years 3 Months | As last reported |
| Rosy Rego Also directs: Guezz Investments (India) Private Limited | Director | 23 Jul 2008 | 18 Years 3 Months | As last reported |
Auditor
Navalmar Shipping (India) Private Limited is audited by VARMA & VARMA for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VARMA & VARMA | FY 2019 | 004532S |
Shareholding
The shareholding of Navalmar Shipping (India) Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Navalmar Shipping (India) Private Limited, buy the company report.
Legal cases
Navalmar Shipping (India) Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Insolvency matter | Filed against the company by M/S Navalmar UK | Disposed |
To see the full case history of Navalmar Shipping (India) Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Navalmar Shipping (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Navalmar Shipping (India) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCN3781D1ZG | Karnataka | Active | 01 Jul 2017 |
| 33AABCN3781D1ZR | Tamil Nadu | Active | 08 Aug 2017 |
To see the full GST registrations and return filing status of Navalmar Shipping (India) Private Limited, buy the company report.
Recent activity
Navalmar Shipping (India) Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Andrea Colombo ceased to be Director on 01 Apr 2019.
Frequently asked questions
Navalmar Shipping (India) is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Navalmar Shipping (India) is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in cargo services, within the transport and logistics industry. It was incorporated on 16 January 2002 and is registered under CIN U63032KA2002PTC030002. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Navalmar Shipping (India) has 2 current directors:
- Joseph Jayananda - Director
- Rosy Rego - Director
The latest financial statements of Navalmar Shipping (India) on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Navalmar Shipping (India) is U63032KA2002PTC030002. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Navalmar Shipping (India) has 1 court case on record: 1 filed against it.
Navalmar Shipping (India) was incorporated on 16 January 2002. It is registered with the Registrar of Companies, Bangalore.
Andrea Colombo ceased to be Director on 01 Apr 2019. Fernando Poletti ceased to be Director on 15 Feb 2019. Joseph Jayananda was appointed as Director on 10 Aug 2017. Navalmar Shipping (India) has 4 board changes on record in total.
Navalmar Shipping (India) can be reached through the website navalmar.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Navalmar Shipping (India) is at No.207208 Sunrise Chambers 2nd Floor #22 Ulsoor Road Bangalore, Karnataka, India – 560042.
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