Time Shipping Limited
About Time Shipping Limited
Data last updated:
Time Shipping Limited is a public limited company based in Bhavnagar, Gujarat, India. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 02 November 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35117GJ1994PLC023505. Its GSTIN is 24AABCT6948A1ZJ (Gujarat).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.98 Cr. It is led by directors including Ramjanali Akbarali Asariya (Managing Director) and Bashirali Asaria Akabarali.
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 Ghogha Ship Yard Ghoaha, Bhavnagar, Gujarat, India – 364110.
As per the financials filed for FY 2015, the company reported a revenue of ₹32.88 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹29.81 Lakh (net margin -90.7%) and EBITDA of ₹14.42 Lakh (EBITDA margin 43.9%).
Its group structure includes 1 subsidiary.
Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Time Shipping has one previous CIN (Corporate Identification Number): L35117GJ1994PLC023505. The current CIN is U35117GJ1994PLC023505, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35117GJ1994PLC023505 | Current |
| L35117GJ1994PLC023505 | Previous |
Contact details
Time Shipping Limited's registered office is in Bhavnagar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGhogha Ship Yard Ghoaha, Bhavnagar, Gujarat, India – 364110
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Time Shipping 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 Time Shipping Limited
FY 2019 filings availableTime Shipping Limited reported revenue of ₹32.88 Lakh (down 28% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 28% in the latest year. EBITDA fell 20% 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 | |
| Other Income | |
| Total Revenue | ₹32.88 Lakh |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹14.42 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹29.81 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 | 43.9% |
| Net Profit Margin | -90.7% |
| 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 Time Shipping Limited, buy the company report.
Board of directors of Time Shipping Limited
Time Shipping has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bashirali Asaria Akabarali | Director | 02 Nov 1994 | 32 Years 0 Months | Current |
| Ramjanali Akbarali Asariya Also directs: Alang Marine Limited | Managing Director | 02 Nov 1994 | 32 Years 0 Months | Current |
| Maheboobali Ramzanali Asaria Also directs: Alang Marine Limited, Marine Traders Private Limited | Director | 02 Nov 1994 | 32 Years 0 Months | Current |
Peer comparison
Time Shipping Limited is compared with the 10 companies closest to it by revenue in the Shipping industry (Shipping Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Time Shipping Limitedthis company | ₹32.88 Lakh (FY 2015) | -₹29.81 Lakh | -90.7% | -28.0% | Bhavnagar, Gujarat, India | |
| Aag Marine Services (OPC) Private Limited | ₹17.03 Lakh (FY 2024) | 920.0% | Navi Mumbai, Maharashtra, India | |||
| Ocean Links Shipping Private Limited | ₹17.02 Lakh (FY 2024) | 15.0% | Mumbai, Maharashtra, India | |||
| Embros Marine Agency Private Limited | ₹16.75 Lakh (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Yash Marine Services Private Limited | ₹16.75 Lakh (FY 2025) | 24.0% | Chandigarh, India | |||
| Dolphin Chartering Services Private Limited | ₹16.62 Lakh (FY 2025) | -97.0% | Mumbai, Maharashtra, India | |||
| Obc Shipping and Chartering Private Limited | ₹16.42 Lakh (FY 2024) | 3030.0% | Thane, Maharashtra, India | |||
| Vistaar Shipping Services (India) Private Limited | ₹16.39 Lakh (FY 2025) | -20.0% | Chennai, Tamil Nadu, India | |||
| Aayansh Shipping Services Private Limited | ₹16.28 Lakh (FY 2025) | 675.0% | Thane, Maharashtra, India | |||
| V P Marine & Engineering Private Limited | ₹16.26 Lakh (FY 2021) | -87.0% | Mumbai, Maharashtra, India | |||
| Nagendra Shipping Private Limited | ₹16.17 Lakh (FY 2025) | 62.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Time Shipping Limited, buy the company report.
Auditor
Time Shipping Limited is audited by NAB & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAB & Co. | FY 2015 | 134377W |
Shareholding
The shareholding of Time Shipping Limited is on record for FY 2015, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Time Shipping Limited, buy the company report.
Legal cases
Time Shipping Limited has 5 court cases on record: 1 filed by Time Shipping, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by The Registrar of Companies | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The Registrar of Companies | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Registrar of Companies | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Disposed |
To see the full case history of Time Shipping 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 Time Shipping Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Time Shipping has 1 subsidiary company. This group structure data is as of FY 2015. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Marine Traders Private Limited | U51109GJ1997PTC031643 |
To see the full group structure of Time Shipping Limited, buy the company report.
GST
Time Shipping has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCT6948A1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Time Shipping Limited, buy the company report.
Recent activity
Time Shipping Limited has 8 board changes on record since 1994: 3 appointments and 5 cessations. The latest: Nidhi Shaunak Patel ceased to be Company Secretary on 31 Jan 2020.
Frequently asked questions
Time Shipping is an active public limited company based in Bhavnagar, Gujarat, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 02 November 1994 (32+ years old) and is registered under CIN U35117GJ1994PLC023505.
Time Shipping has 3 current directors:
- Ramjanali Akbarali Asariya - Managing Director
- Bashirali Asaria Akabarali - Director
- Maheboobali Ramzanali Asaria - Director
The latest financial statements of Time Shipping 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 GSTIN of Time Shipping is 24AABCT6948A1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Time Shipping is U35117GJ1994PLC023505. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Time Shipping has 5 court cases on record: 1 filed by the company and 4 filed against it. Most are in the district courts.
Time Shipping was incorporated on 02 November 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Time Shipping by revenue are Aag Marine Services (OPC) Private Limited, Ocean Links Shipping Private Limited, Embros Marine Agency Private Limited, Yash Marine Services Private Limited, Dolphin Chartering Services Private Limited and 5 more, all in the Shipping industry (Shipping Services).
Nidhi Shaunak Patel ceased to be Company Secretary on 31 Jan 2020. Sunil Hanamant Desai ceased to be Director on 29 Mar 2019. Debashis Bir Niharkumar ceased to be Director on 14 Mar 2018. Time Shipping has 8 board changes on record in total.
The registered office of Time Shipping is at Ghogha Ship Yard Ghoaha, Bhavnagar, Gujarat, India – 364110.
Time Shipping operates in the transport and logistics industry, in the shipping and maritime services segment.
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