About C M Smith and Sons Limited
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C M Smith and Sons Limited is a public limited company based in Nadiad, Gujarat, India, a subsidiary of Rasna Processors Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 01 June 1998.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17297GJ1998PLC034205. Its GSTIN is 24AAACC9303M1ZP (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹36 Cr and a paid-up capital of ₹22.17 Cr. It is led by directors including Ashwin Ratilal Smith (Managing Director) and Ratilal Chimanlal Smith.
Its last annual general meeting (AGM) was held on 27 January 2022, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Dashrath Wadi Court Road Nadiad Dist – Kheda, Gujarat, India – 387001.
As per the financials filed for FY 2021, the company reported a revenue of ₹74.88 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹1.12 Cr (net margin 1.5%) and EBITDA of ₹8.46 Cr (EBITDA margin 11.3%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 15% over five years.
The company has about 77 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Cmsmith. As per MCA filings, the company has open charges of ₹289.12 Cr and satisfied charges of ₹105.62 Cr on record. Court records list 530 cases involving the company, including 20 filed by the company and 510 filed against it; 67 cases are pending. The company has 17 deals on record (10 secondary share transfers, 7 funding rounds), with disclosed funding of ₹25.94 Cr; the latest was in March 2021.
The last known website on record is cmsmith.in.
Company details
Contact details
C M Smith and Sons Limited's registered office is in Nadiad, Gujarat. Its website is cmsmith.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDashrath Wadi Court Road Nadiad Dist – Kheda, Gujarat, India – 387001
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of C M Smith and Sons 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
C M Smith and Sons operates one associated brand: Cmsmith. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies powertrain components to OEMs and the aftermarket. | cmsmith.in |
Business activity
The main business activity of C M Smith and Sons is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of C M Smith and Sons Limited, buy the company report.
Financials of C M Smith and Sons Limited
FY 2021 filings availableC M Smith and Sons Limited reported revenue of ₹74.88 Cr (down 24% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 24% fall in the latest year. EBITDA rose 1% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹74.88 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹8.46 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.12 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.3% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of C M Smith and Sons Limited, buy the company report.
Board of directors of C M Smith and Sons Limited
C M Smith and Sons has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratilal Chimanlal Smith | Director | 01 Jun 1998 | 28 Years 4 Months | As last reported |
| Ashwin Ratilal Smith | Managing Director | 01 Jun 1998 | 28 Years 4 Months | As last reported |
| Madhuben Ratilal Smith | Director | 30 Jun 2007 | 19 Years 4 Months | As last reported |
Auditor
C M Smith and Sons Limited is audited by J S VARMA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J S VARMA & CO | FY 2021 | 111285W |
Shareholding
The shareholding of C M Smith and Sons Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of C M Smith and Sons Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2019 | 100307847 | Others | ₹20 Cr | Open | |
| 23 Jan 2019 | 100234527 | Tata Capital Financial Services Limited | ₹10 Cr | Open | |
| 23 Jan 2019 | 100234523 | Tata Capital Financial Services Limited | ₹3.8 Cr | Open | |
| 05 Dec 2013 | 10468091 | Others | ₹70.88 Cr | Open | |
| 19 Jul 2013 | 10441927 | Bank of Baroda | ₹4 Cr | Open |
To see the full charge records of C M Smith and Sons Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
C M Smith and Sons Limited has 17 deals on record (10 secondary share transfers, 7 funding rounds), with disclosed funding of ₹25.94 Cr; the latest was in March 2021.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Bali Industries Private Limited, an individual Seller: Rasna Processors Private Limited |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: Rasna Processors Private Limited Seller: Hathi Trading Company Private Limited , Balaji Engitech Private Limited |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: Balaji Engitech Private Limited Seller: Hathi Trading Company Private Limited , 3 individuals |
| Dec 2014 | Funding round | ₹11.15 Cr | Investors: Hathi Trading Company Private Limited , Balaji Engitech Private Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Polycoat Electra Services (India) Private Limited , an individual |
To see the full deal history of C M Smith and Sons Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
C M Smith and Sons Limited has 530 court cases on record: 20 filed by C M Smith and Sons, 510 filed against it. 67 cases are pending and 463 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 473 | 466 | 61 |
| High courts | 27 | 18 | 4 |
| NCLAT | 16 | 12 | 1 |
| NCLT | 13 | 13 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 530)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kheda at Nadiad, Gujarat | Commercial matter | Filed against the company by Daimler India Commercial Vehicles Private Limited-Mr. Vinay Bhagawan | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Shree Sulphurics Private Limited | Disposed |
| District court, Faridabad, Haryana | Court case (C A) | Filed by the company against Maharani Paints Pvt Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR RA) | Filed by the company against M.T.C. Business Pvt. Ltd. and 1 other | Disposed |
| District court, Kheda at Nadiad, Gujarat | Civil suit | Filed by the company against Narayani Coke Pvt Ltd | Disposed |
To see the full case history of C M Smith and Sons 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 C M Smith and Sons Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
C M Smith and Sons Limited has a workforce of 77 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
C M Smith and Sons has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACC9303M1ZP | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of C M Smith and Sons Limited, buy the company report.
Recent activity
C M Smith and Sons Limited has 9 board changes on record since 1998: 3 appointments and 6 cessations. The latest: Ashwin Ratilal Smith ceased to be Managing Director on 12 Dec 2022.
39 earlier events are in the company report.
Frequently asked questions
C M Smith and Sons is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
C M Smith and Sons is a company under insolvency, formerly operating as a public limited company based in Nadiad, Gujarat, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 01 June 1998 and is registered under CIN U17297GJ1998PLC034205. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
C M Smith and Sons has 3 current directors:
- Ashwin Ratilal Smith - Managing Director
- Ratilal Chimanlal Smith - Director
- Madhuben Ratilal Smith - Director
The latest financial statements of C M Smith and Sons on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 27 January 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of C M Smith and Sons is U17297GJ1998PLC034205. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
C M Smith and Sons has open charges of ₹289.12 Cr and satisfied charges of ₹105.62 Cr as per latest MCA filings.
C M Smith and Sons has 530 court cases on record: 20 filed by the company and 510 filed against it. 67 are pending. Most are in the district courts.
C M Smith and Sons was incorporated on 01 June 1998. It is registered with the Registrar of Companies, Ahmedabad.
C M Smith and Sons has 17 deals on record (10 secondary share transfers, 7 funding rounds), with disclosed funding of ₹25.94 Cr; the latest was in March 2021.
Ashwin Ratilal Smith ceased to be Managing Director on 12 Dec 2022. Madhuben Ratilal Smith ceased to be Director on 12 Dec 2022. Ratilal Chimanlal Smith ceased to be Director on 12 Dec 2022. C M Smith and Sons has 9 board changes on record in total.
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