About Classic Stripes Private Limited
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Classic Stripes Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Cspl Holding Private 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 auto parts and components segment of the automotive sector. It was incorporated on 30 September 1987.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1987PTC044849. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.96 Cr. It was formerly known as Classic Stripes Ltd and Classic Stripes Ltd. It was led by directors including Kishore Manohar Musale (Managing Director) and Salil Kishore Musale (Whole-Time Director).
Its last annual general meeting (AGM) was held on 31 December 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹262.07 Cr. For the same year it recorded a net loss of ₹52.94 Cr (net margin -20.2%) and EBITDA of ₹57.25 Cr (EBITDA margin 21.8%).
The company had about 384 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Classic Stripes. As per MCA filings, the company had satisfied charges of ₹973.47 Cr on record. Court records list 30 cases involving the company, including 8 filed by the company and 22 filed against it; 2 cases are pending.
The last known website on record is classicstripes.com.
Company details
Name history
Classic Stripes has undergone 3 name changes throughout its history. The company was previously known as Classic Stripes Ltd, Classic Stripes Ltd, and Classic Stripes Pvt Ltd. The current legal name is Classic Stripes Private Limited.
| Company Name | Status |
|---|---|
| Classic Stripes Private Limited | Current |
| Classic Stripes Ltd | Previous |
| Classic Stripes Ltd | Previous |
| Classic Stripes Pvt Ltd | Previous |
CIN history
Classic Stripes has one previous CIN (Corporate Identification Number): U74999MH1987PLC044849. The current CIN is U74999MH1987PTC044849, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH1987PTC044849 | Current |
| U74999MH1987PLC044849 | Previous |
Contact details
Classic Stripes Private Limited's registered office is in Mumbai, Maharashtra. Its website is classicstripes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAstarc House 76/79 Makwana Lane Takpada Off. Andheri Kurla Road Marol Andheri, (E), Mumbai, Maharashtra, India – 400059
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Classic Stripes 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
Classic Stripes operates one associated brand: Classic Stripes. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of automotive graphics and integrated surface augmentation solution | classicstripes.com |
Financials of Classic Stripes Private Limited
FY 2016 filings availableClassic Stripes Private Limited reported revenue of ₹262.07 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹262.07 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹57.25 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹52.94 Cr | |
| 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 | 21.8% | |
| Net Profit Margin | -20.2% | |
| 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 Classic Stripes Private Limited, buy the company report.
Board of directors of Classic Stripes Private Limited
Classic Stripes has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Salil Kishore Musale Also directs: Farmhive Private Limited, Bhoomi Mining Private Limited, Astarc Enterprises Private Limited and 5 more | Whole-Time Director | 29 Jun 2011 | 15 Years 3 Months | As last reported |
| Kishore Manohar Musale Also directs: Farmhive Private Limited, Bhoomi Mining Private Limited, Durabuild Technologies Private Limited and 5 more | Managing Director | 30 Sep 1987 | 39 Years 0 Months | As last reported |
| Dharnidhar Joshi | Whole-Time Director | 20 May 2016 | 10 Years 5 Months | As last reported |
| Sameer Kishore Musale Also directs: Farmhive Private Limited, Classic Retail Imaging Solutions Private Limited, Naxnova Technologies Private Limited and 5 more | Director | 26 Apr 2013 | 13 Years 5 Months | As last reported |
Auditor
Classic Stripes Private Limited is audited by S R B C & CO LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2016 | 324982E/E300003 |
Shareholding
The shareholding of Classic Stripes Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Classic Stripes Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2016 | 100025254 | Others | ₹160 Cr | Satisfied | |
| 06 Nov 2013 | 10458609 | Citibank N. A. | ₹20 Cr | Satisfied | |
| 25 Mar 2013 | 10426542 | The Saraswat Co-Operative Bank Limited | ₹47.25 Cr | Satisfied | |
| 16 Jan 2013 | 10403937 | Axis Bank Limited | ₹61.02 Cr | Satisfied | |
| 23 Jul 2012 | 10368272 | Citibank N. A. | ₹16.8 Cr | Satisfied |
To see the full charge records of Classic Stripes Private Limited, buy the company report.
Total charge records: 33 View all charges
Legal cases
Classic Stripes Private Limited has 30 court cases on record: 8 filed by Classic Stripes, 22 filed against it. 2 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 11 | 2 |
| High courts | 14 | 11 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against United India Insurance Co. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against M/S. Swastik Audiolines Pvt. Ltd. and 3 others | Disposed |
| District court, Thane, Maharashtra | Court case (Cri.Rev.App.) | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Gujarat Government | Disposed |
| High Court | Writ petition | Filed by the company against Dy Commissioner of Income Tax Officer Circle 1 2 1 Mumbai and 2 others | Disposed |
To see the full case history of Classic Stripes 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
Classic Stripes Private Limited was last rated by Icra on 21 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 21 Feb 2022 |
To see the full credit ratings and regulatory alerts of Classic Stripes Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Classic Stripes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Classic Stripes has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Classic Stripes Private Limited, buy the company report.
Recent activity
Classic Stripes Private Limited has 22 board changes on record since 1987: 4 appointments and 18 cessations. The latest: Santosh Jagdish Patil ceased to be Whole-Time Director on 28 Nov 2016.
93 earlier events are in the company report.
Frequently asked questions
Classic Stripes 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 Stripes was a private limited company based in Mumbai, Maharashtra, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 30 September 1987 and is registered under CIN U74999MH1987PTC044849. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Classic Stripes was incorporated on 30 September 1987. It is registered with the Registrar of Companies, Mumbai.
Classic Stripes had 4 directors:
- Kishore Manohar Musale - Managing Director
- Salil Kishore Musale - Whole-Time Director
- Dharnidhar Joshi - Whole-Time Director
- Sameer Kishore Musale - Director
The CIN (Corporate Identification Number) of Classic Stripes is U74999MH1987PTC044849. 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 Stripes is at Astarc House 7679 Makwana Lane Takpada Off. Andheri Kurla Road Marol Andheri, E, Mumbai, Maharashtra, India – 400059.
Classic Stripes can be reached through the website classicstripes.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Classic Stripes on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 31 December 2016. Year-wise statements from 2015 are in the company report.
No. Classic Stripes has 4 GST registrations on record and all of them are cancelled or inactive.
Classic Stripes operated in the automotive industry, in the auto parts and components segment.