Chetan Overseas Private Limited
About Chetan Overseas Private Limited
Data last updated:
Chetan Overseas Private Limited is a private limited company based in Jamnagar, Gujarat, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 01 November 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ1993PTC020554. Its GSTIN is 24AAACC3233G1Z9 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.91 Cr. It is led by directors including Chetan Maheshwari (Managing Director) and Satish Maheshwari.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 'Labh' Swarna Shikha Road Opp. St. Ann'S School Park Colony, Jamnagar, Gujarat, India – 361008.
As per the financials filed for FY 2022, the company reported a revenue of ₹26.24 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹1.1 Cr (net margin 4.2%) and EBITDA of ₹3.02 Cr (EBITDA margin 11.5%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹15.23 Cr on record. Court records list 11 cases involving the company, including 7 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Chetan Overseas Private Limited's registered office is in Jamnagar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address'Labh' Swarna Shikha Road Opp. St. Ann'S School Park Colony, Jamnagar, Gujarat, India – 361008
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Chetan Overseas 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
Business activity
The main business activity of Chetan Overseas is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Chetan Overseas Private Limited, buy the company report.
Financials of Chetan Overseas Private Limited
FY 2022 filings availableChetan Overseas Private Limited reported revenue of ₹26.24 Cr (up 12% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 12% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 48% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹26.24 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹3.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.1 Cr | ||||
| Balance Sheet | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.5% | ||||
| Net Profit Margin | 4.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Chetan Overseas Private Limited, buy the company report.
Board of directors of Chetan Overseas Private Limited
Chetan Overseas has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Maheshwari Also directs: Chetan Alloys Private Limited, Chetan Overseas Delhi Private Limited, SNM Delicacies Private Limited and 1 more | Managing Director | 01 Nov 1993 | 33 Years 0 Months | Current |
| Satish Maheshwari Also directs: Chetan Alloys Private Limited, Chetan Overseas Delhi Private Limited, Chetan Infra Private Limited and 1 more | Director | 01 Nov 1993 | 33 Years 0 Months | Current |
| Suresh Maheshwari Also directs: Chetan Alloys Private Limited | Director | 21 Mar 2012 | 14 Years 7 Months | Current |
Auditor
Chetan Overseas Private Limited is audited by JAYDEEP MEHTA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYDEEP MEHTA & ASSOCIATES | FY 2022 | 102782 |
Shareholding
The shareholding of Chetan Overseas Private 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 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Chetan Overseas Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Dec 2019 | 100310955 | Others | ₹22.93 Lakh | Open | |
| 28 Aug 2015 | 10591679 | Union Bank of India | ₹15 Cr | Open |
To see the full charge records of Chetan Overseas Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Chetan Overseas Private Limited has 11 court cases on record: 7 filed by Chetan Overseas, 4 filed against it. 1 case is pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 1 | 1 |
| District courts | 3 | 3 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Union Bank of India | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Union Bank of India | Disposed |
| District court, Jamnagar, Gujarat | Criminal miscellaneous application | Filed against the company by Union Bank of India Through Nileshkumar Mishra | Disposed |
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against District Collector and 1 other | Disposed |
To see the full case history of Chetan Overseas 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.
Credit ratings & regulatory alerts
Chetan Overseas Private Limited was last rated by Indiarating on 19 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 19 Mar 2020 |
To see the full credit ratings and regulatory alerts of Chetan Overseas Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Chetan Overseas Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Chetan Overseas has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACC3233G1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chetan Overseas Private Limited, buy the company report.
Recent activity
Chetan Overseas Private Limited has 4 board changes on record since 1993: 3 appointments and 1 cessation. The latest: Suresh Maheshwari ceased to be Additional Director on 29 Sep 2012.
Frequently asked questions
Chetan Overseas is an active private limited company based in Jamnagar, Gujarat, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 01 November 1993 (33+ years old) and is registered under CIN U51909GJ1993PTC020554.
Chetan Overseas has 3 current directors:
- Chetan Maheshwari - Managing Director
- Satish Maheshwari - Director
- Suresh Maheshwari - Director
The latest financial statements of Chetan Overseas on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Chetan Overseas is 24AAACC3233G1Z9, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Chetan Overseas is U51909GJ1993PTC020554. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chetan Overseas has 11 court cases on record: 7 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
Chetan Overseas was incorporated on 01 November 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Suresh Maheshwari ceased to be Additional Director on 29 Sep 2012. Suresh Maheshwari was appointed as Director on 21 Mar 2012. Chetan Maheshwari was appointed as Managing Director on 01 Nov 1993. Chetan Overseas has 4 board changes on record in total.
The registered office of Chetan Overseas is at Labh Swarna Shikha Road Opp. St. AnnS School Park Colony, Jamnagar, Gujarat, India – 361008.
Chetan Overseas operates in the home and lifestyle industry, in the textile retail and distribution segment.
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