Classi-Mech Equipments Pvt. Ltd
About Classi-Mech Equipments Pvt. Ltd
Data last updated:
Classi-Mech Equipments Pvt. Ltd is a private limited company based in Vasai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 12 March 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29297MH2007PTC168645. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹45 Lakh. It is led by directors Harishchandra Kashinath Raut and Milan Harishchandra Raut.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Gala.No11 Sahakar Vijay Industrial Estate Navghar Vasai – East, Maharashtra, India – 401210.
As per the financials filed for FY 2015, the company reported a revenue of ₹2.9 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹61.83 Lakh (net margin -21.3%) and EBITDA of ₹14.2 Lakh (EBITDA margin 4.9%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
As per MCA filings, the company has open charges of ₹16.14 Cr on record. Court records list 23 cases involving the company, including 2 filed by the company and 21 filed against it; 5 cases are pending.
Company details
Contact details
Classi-Mech Equipments Pvt. Ltd's registered office is in Vasai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressGala.No11 Sahakar Vijay Industrial Estate Navghar Vasai – East, Maharashtra, India – 401210
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Classi-Mech Equipments Pvt. Ltd, 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 Classi-Mech Equipments Pvt. Ltd
FY 2015 filings availableClassi-Mech Equipments Pvt. Ltd reported revenue of ₹2.9 Cr (down 28% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 28% fall in the latest year. EBITDA fell 77% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹2.9 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹14.2 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹61.83 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 4.9% |
| Net Profit Margin | -21.3% |
| 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 Classi-Mech Equipments Pvt. Ltd, buy the company report.
Board of directors of Classi-Mech Equipments Pvt. Ltd
Classi-Mech Equipments has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harishchandra Kashinath Raut | Director | 12 Mar 2007 | 19 Years 7 Months | As last reported |
| Milan Harishchandra Raut | Director | 12 Mar 2007 | 19 Years 7 Months | As last reported |
Auditor
Classi-Mech Equipments Pvt. Ltd is audited by Samir Bhagat & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Samir Bhagat & Co. | FY 2015 |
Shareholding
The shareholding of Classi-Mech Equipments Pvt. Ltd is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Classi-Mech Equipments Pvt. Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2009 | 10192898 | State Bank of India | ₹16.14 Cr | Open |
To see the full charge records of Classi-Mech Equipments Pvt. Ltd, buy the company report.
Total charge records: 1 View all charges
Legal cases
Classi-Mech Equipments Pvt. Ltd has 23 court cases on record: 2 filed by Classi-Mech Equipments, 21 filed against it. 5 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 18 | 5 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Maharashtra State Electricity Distribution Co. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by M/S SKM Steels Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by M/S SKM Steels Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by M/S SKM Steels Ltd. | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Classi-Mech Equipments Pvt. Ltd, 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 Classi-Mech Equipments Pvt. Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Classi-Mech Equipments 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 Classi-Mech Equipments Pvt. Ltd, buy the company report.
Recent activity
Classi-Mech Equipments Pvt. Ltd has 5 board changes on record since 2007: 2 appointments and 3 cessations. The latest: Dinesh Hari Sawant ceased to be Additional Director on 27 Apr 2015.
Frequently asked questions
Classi-Mech Equipments is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Classi-Mech Equipments is a company under liquidation, formerly operating as a private limited company based in Vasai, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 12 March 2007 and is registered under CIN U29297MH2007PTC168645. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Classi-Mech Equipments has 2 current directors:
- Harishchandra Kashinath Raut - Director
- Milan Harishchandra Raut - Director
The latest financial statements of Classi-Mech Equipments on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Classi-Mech Equipments is U29297MH2007PTC168645. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Classi-Mech Equipments has open charges of ₹16.14 Cr and no satisfied charges on record as per latest MCA filings.
Classi-Mech Equipments has 23 court cases on record: 2 filed by the company and 21 filed against it. 5 are pending. Most are in the district courts.
Classi-Mech Equipments was incorporated on 12 March 2007. It is registered with the Registrar of Companies, Mumbai.
Dinesh Hari Sawant ceased to be Additional Director on 27 Apr 2015. Sneha Harichandra Raut ceased to be Additional Director on 23 Aug 2013. Glenn Donald Remedios ceased to be Director on 08 Aug 2008. Classi-Mech Equipments has 5 board changes on record in total.
The registered office of Classi-Mech Equipments is at Gala.No11 Sahakar Vijay Industrial Estate Navghar Vasai – East, Maharashtra, India – 401210.
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