Neemco Spinners Limited
About Neemco Spinners Limited
Data last updated:
Neemco Spinners Limited is a public limited company based in Pune, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17200PN2011PLC138354. Its GSTIN is 27AADCN5232H1ZK (Maharashtra).
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹15.92 Cr. It is led by directors including Ashok Sadashiv Navale and Maruti Nivrutti Navale.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 10/12st. Crispins Home Karve Road, Pune, Maharashtra, India – 411004.
As per the financials filed for FY 2019, the company reported a revenue of ₹15,001, a growth of 100% compared to the previous year. For the same year it recorded a net loss of ₹62.02 Lakh and EBITDA of -₹31.43 Lakh. Revenue has grown at a compounded annual rate (CAGR) of 7% over five years.
Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Neemco Spinners Limited's registered office is in Pune, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address10/12st. Crispins Home Karve Road, Pune, Maharashtra, India – 411004
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Neemco Spinners 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
Financials of Neemco Spinners Limited
FY 2023 filings availableNeemco Spinners Limited reported revenue of ₹15,001 (up 100% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 100% growth 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 | ₹15,001 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹31.43 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹62.02 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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| Investments | |||||
| 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 | |||||
| Net Profit Margin | |||||
| 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 | |||||
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To see the full financial statements and ratios of Neemco Spinners Limited, buy the company report.
Board of directors of Neemco Spinners Limited
Neemco Spinners has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Sadashiv Navale | Director | 24 Jan 2011 | 15 Years 8 Months | Current |
| Maruti Nivrutti Navale Also directs: Jaishriram Sugar and Agro Products Limited, Neemco Traders Limited, Neemco Hotel & Resorts Limited and 3 more | Director | 24 Jan 2011 | 15 Years 8 Months | Current |
| Sunanda Maruti Navale Also directs: Jaishriram Sugar and Agro Products Limited, Neemco Traders Limited, Neemco Hotel & Resorts Limited and 1 more | Director | 11 Jan 2022 | 4 Years 9 Months | Current |
Auditor
Neemco Spinners Limited is audited by NISHANT R PATIL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NISHANT R PATIL & CO | FY 2019 | 134988W |
Shareholding
The shareholding of Neemco Spinners Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Neemco Spinners Limited, buy the company report.
Legal cases
Neemco Spinners Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed against the company | Pending |
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Neemco Spinners 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 Neemco Spinners Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Neemco Spinners has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCN5232H1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neemco Spinners Limited, buy the company report.
Recent activity
Neemco Spinners Limited has 15 board changes on record since 2011: 4 appointments and 11 cessations. The latest: Sunanda Maruti Navale ceased to be Additional Director on 30 Sep 2022.
6 earlier events are in the company report.
Frequently asked questions
Neemco Spinners is an active public limited company based in Pune, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 January 2011 (15+ years old) and is registered under CIN U17200PN2011PLC138354.
Neemco Spinners has 3 current directors:
- Ashok Sadashiv Navale - Director
- Maruti Nivrutti Navale - Director
- Sunanda Maruti Navale - Director
The latest financial statements of Neemco Spinners on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Neemco Spinners is 27AADCN5232H1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Neemco Spinners is U17200PN2011PLC138354. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neemco Spinners has 2 court cases on record: 2 filed against it. 1 is pending.
Neemco Spinners was incorporated on 24 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Pune.
Sunanda Maruti Navale ceased to be Additional Director on 30 Sep 2022. Kisan Nivrutti Nibe ceased to be Director on 31 Mar 2022. Sunanda Maruti Navale was appointed as Director on 11 Jan 2022. Neemco Spinners has 15 board changes on record in total.
The registered office of Neemco Spinners is at 1012st. Crispins Home Karve Road, Pune, Maharashtra, India – 411004.
Neemco Spinners operates in the manufacturing industry, in the textile and fabric production segment.