About Bay Tankers Private Limited
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Bay Tankers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 23 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U61100MH2012PTC238215. Its GSTIN is 27AAFCB3107M1ZP (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Atul Malhotra Mohan and Naresh Vishindas Nasta.
Its last annual general meeting (AGM) was held on 29 December 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹14.96 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.74 Cr (net margin 11.6%) and EBITDA of ₹4.23 Cr (EBITDA margin 28.3%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 10% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Motumal. As per MCA filings, the company has satisfied charges of ₹3.39 Cr on record. Court records list 20 cases involving the company, including 3 filed by the company and 17 filed against it; 5 cases are pending. The company has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.5 Lakh; the latest was in February 2017. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website motumal.com.
Company details
Contact details
Bay Tankers Private Limited's registered office is in Mumbai, Maharashtra. Its website is motumal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address103 Floor – 1 Plot – 289 Emca House Shahid Bhagat Singh Road, Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Bay Tankers 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
Brands
Bay Tankers operates one associated brand: Motumal. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Clearing and forwarding services for import consignments in India, specializing in liquid bulks. | motumal.com |
Business activity
The main business activity of Bay Tankers is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Bay Tankers Private Limited, buy the company report.
Financials of Bay Tankers Private Limited
FY 2023 filings availableBay Tankers Private Limited reported revenue of ₹14.96 Cr (up 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 9% growth in the latest year. EBITDA rose 40% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹14.96 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.74 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.3% | ||||
| Net Profit Margin | 11.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Bay Tankers Private Limited, buy the company report.
Board of directors of Bay Tankers Private Limited
Bay Tankers has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Malhotra Mohan Also directs: Ace Ocean Resources Private Limited, Ace Resources and Solutions Private Limited, Crownlex Consultants LLP and 4 more | Director | 13 May 2015 | 11 Years 5 Months | Current |
| Naresh Vishindas Nasta | Director | 23 Nov 2012 | 13 Years 11 Months | Current |
| Manik Nasta Parsram | Director | 23 Feb 2015 | 11 Years 8 Months | Current |
| Satish Parsram Nasta | Director | 23 Feb 2015 | 11 Years 8 Months | Current |
| Amit Seth Keval Also directs: Alphafleet Shipping Services LLP, Rudramarine Tankers LLP, Ah Rigserve Oil Field Services Private Limited and 4 more | Director | 15 Dec 2015 | 10 Years 10 Months | Current |
| Sanjay Vishindas Nasta Also directs: Ranks Trading Private Limited | Director | 23 Feb 2015 | 11 Years 8 Months | Current |
Auditor
Bay Tankers Private Limited is audited by M. A. PAREKH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. A. PAREKH & ASSOCIATES | FY 2023 | 121973W |
Shareholding
The shareholding of Bay Tankers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bay Tankers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2021 | 100470122 | Others | ₹20 Lakh | Satisfied | |
| 14 Dec 2017 | 100147234 | Others | ₹19.06 Lakh | Satisfied | |
| 16 Jun 2016 | 100040048 | Vijaya Bank | ₹3 Cr | Satisfied |
To see the full charge records of Bay Tankers Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Bay Tankers Private Limited has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.5 Lakh; the latest was in February 2017.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2017 | Rights issue | ₹50 Lakh | Investors: Ranks Trading Private Limited , 2 individuals |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Rights issue | ₹48.5 Lakh | Investors: Ranks Trading Private Limited , 2 individuals Seller: 2 individuals |
| Feb 2013 | Funding round | ₹3.5 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bay Tankers Private Limited has 20 court cases on record: 3 filed by Bay Tankers, 17 filed against it. 5 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 9 | 4 |
| District courts | 5 | 4 | 1 |
| NCLAT | 3 | 3 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARBP) | Filed by the company against Ace Ocean Resources Pvt Ltd | Disposed |
| Bombay High Court | Court case (CRR) | Filed by the company against Ace Ocean Resources Pvt Ltd | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Raj Shipping Agencies Limited and 13 Ors | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Pacific Shipping Services | Pending |
| High Court | Court case (CRR) | Filed against the company by Pacific Shipping Services | Pending |
To see the full case history of Bay Tankers 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
Bay Tankers Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Bay Tankers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bay Tankers Private Limited has a workforce of 13 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Bay Tankers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCB3107M1ZP | Maharashtra | Active | 01 Jul 2017 |
| 29AAFCB3107M1ZL | Karnataka | Active | 08 Jun 2018 |
To see the full GST registrations and return filing status of Bay Tankers Private Limited, buy the company report.
Recent activity
Bay Tankers Private Limited has 9 board changes on record since 2012: 6 appointments and 3 cessations. The latest: Amit Seth Keval ceased to be Additional Director on 30 Sep 2016.
6 earlier events are in the company report.
Frequently asked questions
Bay Tankers is an active private limited company based in Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 23 November 2012 (14+ years old) and is registered under CIN U61100MH2012PTC238215.
Bay Tankers has 6 current directors:
- Atul Malhotra Mohan - Director
- Naresh Vishindas Nasta - Director
- Manik Nasta Parsram - Director
- Satish Parsram Nasta - Director
- Amit Seth Keval - Director
- Sanjay Vishindas Nasta - Director
The latest financial statements of Bay Tankers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 December 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Bay Tankers is 27AAFCB3107M1ZP, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAFCB3107M1ZL (Karnataka).
The CIN (Corporate Identification Number) of Bay Tankers is U61100MH2012PTC238215. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bay Tankers has 20 court cases on record: 3 filed by the company and 17 filed against it. 5 are pending. Most are in the high courts.
Bay Tankers was incorporated on 23 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Bay Tankers has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹3.5 Lakh; the latest was in February 2017.
Amit Seth Keval ceased to be Additional Director on 30 Sep 2016. Amit Seth Keval was appointed as Director on 15 Dec 2015. Paresh Aggarwal ceased to be Director on 15 Dec 2015. Bay Tankers has 9 board changes on record in total.
Bay Tankers has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 5 overdue payments to 3 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Bay Tankers can be reached through the website motumal.com. Its registered office is in Mumbai, Maharashtra, India.