About Silverline Corporation Limited
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Silverline Corporation Limited is a public limited company based in Ludhiana, Punjab, India, a subsidiary of Sel Textiles Limited. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 05 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17200PB2008PLC032259. Its GSTIN is 24AAMCS4646M1ZT (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.14 Cr. It was formerly known as Silverline Textile Park Limited. It is led by directors including Neeraj Saluja and Dhiraj Saluja.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Ludhiana, Punjab.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.06 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹3,000 (net margin -2.8%) and EBITDA of ₹11,000 (EBITDA margin 10.4%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 10% over five years.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in October 2011.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website silverlinecorp.in.
Company details
CIN history
Silverline Corporation has one previous CIN (Corporate Identification Number): U45208PB2008PLC032259. The current CIN is U17200PB2008PLC032259, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17200PB2008PLC032259 | Current |
| U45208PB2008PLC032259 | Previous |
Contact details
Silverline Corporation Limited's registered office is in Ludhiana, Punjab. Its website is silverlinecorp.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressG.T. Road, Opposite Mc Donalds, Ludhiana, Punjab, India – 141421
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Silverline Corporation 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 Silverline Corporation Limited
FY 2021 filings availableSilverline Corporation Limited reported revenue of ₹1.06 Lakh (down 30% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 30% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹11,000 | ||||
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| Net Profit (PAT) | -₹3,000 | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | 10.4% | ||||
| Net Profit Margin | -2.8% | ||||
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To see the full financial statements and ratios of Silverline Corporation Limited, buy the company report.
Board of directors of Silverline Corporation Limited
Silverline Corporation has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeraj Saluja | Director | 15 Mar 2010 | 16 Years 7 Months | Current |
| Dhiraj Saluja Also directs: Shiv Narayan Investments Private Limited | Director | 05 Sep 2008 | 18 Years 2 Months | Current |
| Purshotam Sharma | Additional Director | 02 Jun 2023 | 3 Years 5 Months | Current |
Auditor
Silverline Corporation Limited is audited by DINESH MEHTANI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH MEHTANI & CO | FY 2020 | 025897N |
Shareholding
The shareholding of Silverline Corporation Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Silverline Corporation Limited, buy the company report.
Deals & funding
Silverline Corporation Limited has 1 deal on record (1 acquisition); the latest was in October 2011.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2011 | Acquisition | Undisclosed | Buyer: Sel Textiles Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Silverline Corporation Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mohali, Punjab | Court case (CHI) | Filed against the company by an individual | Pending |
To see the full case history of Silverline Corporation 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 Silverline Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Silverline Corporation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMCS4646M1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Silverline Corporation Limited, buy the company report.
Recent activity
Silverline Corporation Limited has 7 board changes on record since 2008: 3 appointments and 4 cessations. The latest: Purshotam Sharma was appointed as Additional Director on 02 Jun 2023.
Frequently asked questions
Silverline Corporation is an active public limited company based in Ludhiana, Punjab, India. The company works in wholesale, within the trading industry. It was incorporated on 05 September 2008 (18+ years old) and is registered under CIN U17200PB2008PLC032259.
Silverline Corporation has 3 current directors:
- Neeraj Saluja - Director
- Dhiraj Saluja - Director
- Purshotam Sharma - Additional Director
The latest financial statements of Silverline Corporation on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Silverline Corporation is 24AAMCS4646M1ZT, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Silverline Corporation is U17200PB2008PLC032259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Silverline Corporation has 1 court case on record: 1 filed against it. 1 is pending.
Silverline Corporation was incorporated on 05 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chandigarh.
Silverline Corporation has 1 deal on record (1 acquisition); the latest was in October 2011.
Purshotam Sharma was appointed as Additional Director on 02 Jun 2023. Navneet Gupta ceased to be Director on 31 May 2023. Ram Saran Saluja ceased to be Additional Director on 01 Jun 2011. Silverline Corporation has 7 board changes on record in total.
Silverline Corporation can be reached through the website silverlinecorp.in. Its registered office is in Ludhiana, Punjab, India.
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