Chennai Soletta Private Limited
About Chennai Soletta Private Limited
Data last updated:
Chennai Soletta Private Limited was a private limited company based in Vellore, Tamil Nadu, India, operated as a subsidiary of Gtfc Limited. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 13 July 2005.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U19116TN2005PTC056891.
The company had an authorised share capital of ₹40 Lakh and a paid-up capital of ₹33.62 Lakh. It was led by directors Babu Rao Ananda Rao and Sivaramakrishnan Sankara Prabu.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 427/3 Kathiyavadi Road Melvisharam, Vellore, Tamil Nadu, India – 632509.
As per the financials filed for FY 2016, the company reported a revenue of ₹16.7 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.77 Lakh (net margin 28.6%) and EBITDA of -₹10.36 Lakh (EBITDA margin -62%).
Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
Company details
Contact details
Chennai Soletta Private Limited's registered office is in Vellore, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address427/3 Kathiyavadi Road Melvisharam, Vellore, Tamil Nadu, India – 632509
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Chennai Soletta 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
Financials of Chennai Soletta Private Limited
FY 2018 filings availableChennai Soletta Private Limited reported revenue of ₹16.7 Lakh (up 860% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 860% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹16.7 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹10.36 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹4.77 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -62% | |
| Net Profit Margin | 28.6% | |
| 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 Chennai Soletta Private Limited, buy the company report.
Board of directors of Chennai Soletta Private Limited
Chennai Soletta has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Babu Rao Ananda Rao | Director | 22 May 2009 | 17 Years 5 Months | As last reported |
| Sivaramakrishnan Sankara Prabu | Director | 22 May 2009 | 17 Years 5 Months | As last reported |
Auditor
Chennai Soletta Private Limited is audited by K S JAGANNATHAN & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S JAGANNATHAN & CO | FY 2016 | 001207S |
Shareholding
The shareholding of Chennai Soletta Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Chennai Soletta Private Limited, buy the company report.
Legal cases
Chennai Soletta Private Limited has 3 court cases on record: 1 filed by Chennai Soletta, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Krishnagiri, Tamil Nadu | Motor accident claim | Filed by the company against The Manager, Bajaj Allianz General Insurance Company Ltd., | Disposed |
| District court, Krishnagiri, Tamil Nadu | Execution petition | Filed against the company by individuals | Disposed |
| District court, Krishnagiri, Tamil Nadu | Motor accident claim | Filed against the company | Disposed |
To see the full case history of Chennai Soletta 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
No delayed payments to MSME suppliers are on our record for Chennai Soletta Private 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 Chennai Soletta Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Chennai Soletta Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Vivek Mehrotra ceased to be Director on 18 Dec 2009.
Frequently asked questions
Chennai Soletta has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Chennai Soletta was a private limited company based in Vellore, Tamil Nadu, India. The company worked in footwear manufacturing, within the consumer goods industry. It was incorporated on 13 July 2005 and is registered under CIN U19116TN2005PTC056891. The company has been struck off by the Registrar of Companies and is no longer operational.
Chennai Soletta had 2 directors:
- Babu Rao Ananda Rao - Director
- Sivaramakrishnan Sankara Prabu - Director
The CIN (Corporate Identification Number) of Chennai Soletta is U19116TN2005PTC056891. 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 Chennai Soletta is at 4273 Kathiyavadi Road Melvisharam, Vellore, Tamil Nadu, India – 632509.
Chennai Soletta was incorporated on 13 July 2005. It is registered with the Registrar of Companies, Chennai.
The latest financial statements of Chennai Soletta on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
Chennai Soletta operated in the consumer goods industry, in the footwear manufacturing segment. It worked in this industry before it was struck off.
Chennai Soletta has 3 court cases on record: 1 filed by the company and 2 filed against it.
Vivek Mehrotra ceased to be Director on 18 Dec 2009. Babu Rao Ananda Rao was appointed as Director on 22 May 2009. Sivaramakrishnan Sankara Prabu was appointed as Director on 22 May 2009. Chennai Soletta has 4 board changes on record in total.
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