Classic Oil Limited
About Classic Oil Limited
Data last updated:
Classic Oil Limited was a public limited company based in Thane, Maharashtra, India, operated as a subsidiary of Indo Amines Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 14 January 1987.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1987PLC042225. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹74 Lakh. It was formerly known as Classic Oil Private Limited. It was led by directors including Sudhakar Ramchandra Patil and Pandurang Laxman Kokitkar.
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at A 7 Kasturi Vihar Near Venkatesh Petrol Pump Kalyan, Thane, Maharashtra, India – 421304.
As per MCA filings, the company had open charges of ₹10.23 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 7 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in June 2016.
Company details
CIN history
Classic Oil has one previous CIN (Corporate Identification Number): U99999MH1987PTC042225. The current CIN is U99999MH1987PLC042225, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1987PLC042225 | Current |
| U99999MH1987PTC042225 | Previous |
Contact details
Classic Oil Limited's registered office is in Thane, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressA 7 Kasturi Vihar Near Venkatesh Petrol Pump Kalyan, Thane, Maharashtra, India – 421304
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Classic Oil 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 Classic Oil Limited
FY 2016 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Classic Oil Limited, buy the company report.
Board of directors of Classic Oil Limited
Classic Oil has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhakar Ramchandra Patil Also directs: Chemilite Trading LLP | Director | 25 Mar 2014 | 12 Years 7 Months | As last reported |
| Pandurang Laxman Kokitkar | Director | 25 Mar 2014 | 12 Years 7 Months | As last reported |
| Vijay Bhalchandra Palkar Also directs: Indo Amines Limited, Palkar Farms Private Limited, Versatile Specialty Chemicals Limited and 5 more | Director | 03 Aug 2016 | 10 Years 3 Months | As last reported |
| Rahul Vijay Palkar Also directs: Indo Amines Limited, Versatile Specialty Chemicals Limited, Indo Speciality Chemicals Private Limited and 1 more | Director | 03 Aug 2016 | 10 Years 3 Months | As last reported |
| Sanjay Krishna Chougule | Director | 25 Mar 2014 | 12 Years 7 Months | As last reported |
| Bharati Vijay Palkar Also directs: Indo Amines Limited, Palkar Farms Private Limited, Versatile Specialty Chemicals Limited and 5 more | Director | 03 Aug 2016 | 10 Years 3 Months | As last reported |
Auditor
Classic Oil Limited is audited by V V KARNIK & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V V KARNIK & CO | FY 2017 | 104878W |
Shareholding
The shareholding of Classic Oil Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Classic Oil Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2017 | 100143469 | Yes Bank Limited | ₹10 Cr | Open | |
| 16 Jan 1989 | 90359940 | State Bank of India | ₹22.5 Lakh | Open |
Total charge records: 2 View all charges
Deals & funding
Classic Oil Limited has 1 deal on record (1 acquisition); the latest was in June 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2016 | Acquisition | Undisclosed | Buyer: Indo Amines Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Classic Oil Limited has 9 court cases on record: 2 filed by Classic Oil, 7 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 7 | 1 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHOCL) | Filed against the company by Manipal Finance Corporation Ltd | Pending |
| District court, Raigad, Maharashtra | Court case (Civil M.A.) | Filed by the company against individuals | Disposed |
| District court, Raigad, Maharashtra | Civil suit | Filed by the company against individuals | Disposed |
| Bombay High Court | Court case (CHS) | Filed against the company by Manipal Finance Corporation | Disposed |
| Bombay High Court | Court case (CHS) | Filed against the company by M/S. Manipal Finance Corpn. Ltd. | Disposed |
To see the full case history of Classic Oil 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 Classic Oil Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Classic Oil has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Classic Oil Limited, buy the company report.
Recent activity
Classic Oil Limited has 14 board changes on record since 2012: 6 appointments and 8 cessations. The latest: Bharati Vijay Palkar ceased to be Additional Director on 29 Sep 2016.
7 earlier events are in the company report.
Frequently asked questions
Classic Oil has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Classic Oil was a public limited company based in Thane, Maharashtra, India. The company worked in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 14 January 1987 and is registered under CIN U99999MH1987PLC042225. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Classic Oil was incorporated on 14 January 1987. It is registered with the Registrar of Companies, Mumbai.
Classic Oil had 6 directors:
- Sudhakar Ramchandra Patil - Director
- Pandurang Laxman Kokitkar - Director
- Vijay Bhalchandra Palkar - Director
- Rahul Vijay Palkar - Director
- Sanjay Krishna Chougule - Director
- Bharati Vijay Palkar - Director
The CIN (Corporate Identification Number) of Classic Oil is U99999MH1987PLC042225. 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 Classic Oil is at A 7 Kasturi Vihar Near Venkatesh Petrol Pump Kalyan, Thane, Maharashtra, India – 421304.
The latest financial statements of Classic Oil on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2016. Year-wise statements from 2015 are in the company report.
No. Classic Oil has 1 GST registration on record and it is cancelled or inactive.
Classic Oil operated in the chemicals and materials industry, in the chemical distribution and retail segment.
Classic Oil has 1 deal on record (1 acquisition); the latest was in June 2016.
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