About Solar Mines & Minerals Limited
Data last updated:
Solar Mines & Minerals Limited was a public limited company based in Nagpur, Maharashtra, India, operated as a subsidiary of Solar Industries India Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 10 November 2006.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U14101MH2006PLC165472.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Rahul Kailashchandra Nuwal and Manish Satyanarayan Nuwal.
Its last annual general meeting (AGM) was held on 19 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 11 Zade Layout Bharat Nagar, Nagpur, Maharashtra, India – 440033.
As per the financials filed for FY 2015, the company reported a revenue of ₹2.56 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹7.52 Lakh (net margin -293.7%) and EBITDA of ₹2.36 Lakh (EBITDA margin 92.1%).
The last known website on record is solargroup.com.
Company details
Contact details
Solar Mines & Minerals Limited's registered office is in Nagpur, Maharashtra. Its website is solargroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered Address11 Zade Layout Bharat Nagar, Nagpur, Maharashtra, India – 440033
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Solar Mines & Minerals 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 Solar Mines & Minerals Limited
FY 2017 filings availableSolar Mines & Minerals Limited reported revenue of ₹2.56 Lakh (down 99% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 99% in the latest year. EBITDA fell 99% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹2.56 Lakh |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹2.36 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹7.52 Lakh |
| Balance Sheet | |
| Share Capital | |
| Reserves and Surplus | |
| Net Worth (Total Equity) | |
| Long-term Borrowings | |
| Short-term Borrowings | |
| Trade Payables | |
| Total Liabilities | |
| Fixed Assets | |
| Investments | |
| Inventories | |
| Trade Receivables | |
| Cash and Bank Balance | |
| Total Assets | |
Financial Ratios
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 92.1% |
| Net Profit Margin | -293.7% |
| Return on Equity (ROE) | |
| Return on Capital Employed (ROCE) | |
| Return on Assets (ROA) | |
| Liquidity and Debt | |
| Current Ratio | |
| Quick Ratio | |
| Debt-to-Equity Ratio | |
| Interest Coverage Ratio | |
| Efficiency and Growth | |
| Asset Turnover | |
| Receivable Days | |
| Payable Days | |
| Inventory Days | |
| Revenue Growth | |
| Net Profit Growth | |
To see the full financial statements and ratios of Solar Mines & Minerals Limited, buy the company report.
Board of directors of Solar Mines & Minerals Limited
Solar Mines & Minerals has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Kailashchandra Nuwal | Director | 01 Apr 2013 | 13 Years 6 Months | As last reported |
| Manish Satyanarayan Nuwal Also directs: MSN Estate Ventures LLP, MSN Nextech Ventures LLP, MSN Ventures Global Enterprises LLP and 5 more | Director | 10 Nov 2006 | 19 Years 11 Months | As last reported |
| Kailash Chandra Nuwal | Director | 10 Nov 2006 | 19 Years 11 Months | As last reported |
Auditor
Solar Mines & Minerals Limited is audited by GANDHI RATHI & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GANDHI RATHI & CO | FY 2015 | 103031W |
Shareholding
The shareholding of Solar Mines & Minerals Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Solar Mines & Minerals Limited, buy the company report.
Legal cases
No court or tribunal cases involving Solar Mines & Minerals Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solar Mines & Minerals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Solar Mines & Minerals Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Solar Mines & Minerals Limited has 5 board changes on record since 2006: 3 appointments and 2 cessations. The latest: Rahul Kailashchandra Nuwal ceased to be Additional Director on 20 Sep 2013.
News
Frequently asked questions
Solar Mines & Minerals has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Solar Mines & Minerals was a public limited company based in Nagpur, Maharashtra, India. The company worked in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 10 November 2006 and is registered under CIN U14101MH2006PLC165472. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Solar Mines & Minerals was incorporated on 10 November 2006. It is registered with the Registrar of Companies, Mumbai.
Solar Mines & Minerals had 3 directors:
- Rahul Kailashchandra Nuwal - Director
- Manish Satyanarayan Nuwal - Director
- Kailash Chandra Nuwal - Director
The CIN (Corporate Identification Number) of Solar Mines & Minerals is U14101MH2006PLC165472. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Solar Mines & Minerals is at 11 Zade Layout Bharat Nagar, Nagpur, Maharashtra, India – 440033.
Solar Mines & Minerals can be reached through the website solargroup.com. Its registered office is in Nagpur, Maharashtra, India.
The latest financial statements of Solar Mines & Minerals on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 19 August 2017. Year-wise statements from 2015 are in the company report.
Solar Mines & Minerals operated in the metals and minerals industry, in the mining and mineral extraction segment.
Rahul Kailashchandra Nuwal ceased to be Additional Director on 20 Sep 2013. Satyanarayan Nandlal Nuwal ceased to be Additional Director on 01 Jun 2013. Rahul Kailashchandra Nuwal was appointed as Director on 01 Apr 2013. Solar Mines & Minerals has 5 board changes on record in total.