About Coastal Paints Limited
Data last updated:
Coastal Paints Limited was a public limited company based in Visakhapatnam, Andhra Pradesh, India. 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 paint and coatings segment of the manufacturing sector. It was incorporated on 01 February 1996.
The company was registered with the Registrar of Companies (ROC), Vijayawada, under CIN U24220AP1996PLC023086. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹75 Lakh and a paid-up capital of ₹61.96 Lakh. It was led by directors including Veeravenkata Satya Ravindra Merla (Managing Director) and Alekhya Annapurna Arumilli.
Its last annual general meeting (AGM) was held on 20 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Perdurthy Visakhapatnam Andhra Pradesh, Andhra Pradesh, India – 531173.
As per the financials filed for FY 2017, the company reported a revenue of ₹61,460, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.81 Lakh (net margin -456.7%) and EBITDA of -₹3.42 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 70% over five years.
As per MCA filings, the company had open charges of ₹60 Lakh and satisfied charges of ₹1.05 Cr on record.
The last known website on record is coromandelpaints.in.
Company details
CIN history
Coastal Paints has one previous CIN (Corporate Identification Number): U24220AP1996PTC023086. The current CIN is U24220AP1996PLC023086, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24220AP1996PLC023086 | Current |
| U24220AP1996PTC023086 | Previous |
Contact details
Coastal Paints Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is coromandelpaints.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPerdurthy Visakhapatnam Andhra Pradesh, Andhra Pradesh, India – 531173
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Coastal Paints 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 Coastal Paints Limited
FY 2018 filings availableCoastal Paints Limited reported revenue of ₹61,460 (up 297% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 297% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 70%. 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹61,460 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹3.42 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.81 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | -456.7% | ||
| 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 Coastal Paints Limited, buy the company report.
Board of directors of Coastal Paints Limited
Coastal Paints has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alekhya Annapurna Arumilli Also directs: Pramod Paints LLP, Aarav Buildmat Private Limited, Coromandel Paints Private Limited and 1 more | Director | 03 Jul 2014 | 12 Years 3 Months | As last reported |
| Swarnalatha Arumilli | Director | 24 Mar 1997 | 29 Years 7 Months | As last reported |
| Veeravenkata Satya Ravindra Merla | Managing Director | 01 Feb 1996 | 30 Years 8 Months | As last reported |
Auditor
Coastal Paints Limited is audited by K L N & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K L N & CO | FY 2017 | 013135S |
Shareholding
The shareholding of Coastal Paints 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 Coastal Paints Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jan 2004 | 90133164 | Axis Bank Limited | ₹77 Lakh | Satisfied | |
| 29 Oct 2001 | 90132964 | Bank of India | ₹28.31 Lakh | Satisfied |
To see the full charge records of Coastal Paints Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Coastal Paints Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Coastal Paints Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Coastal Paints has 2 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 Coastal Paints Limited, buy the company report.
Recent activity
Coastal Paints Limited has 5 board changes on record since 1996: 3 appointments and 2 cessations. The latest: Alekhya Annapurna Arumilli ceased to be Additional Director on 30 Sep 2014.
1 earlier event is in the company report.
Frequently asked questions
Coastal Paints 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.
Coastal Paints was a public limited company based in Visakhapatnam, Andhra Pradesh, India. The company worked in paint and coatings, within the manufacturing industry. It was incorporated on 01 February 1996 and is registered under CIN U24220AP1996PLC023086. The company has been struck off by the Registrar of Companies and is no longer operational.
Coastal Paints had 3 directors:
- Veeravenkata Satya Ravindra Merla - Managing Director
- Alekhya Annapurna Arumilli - Director
- Swarnalatha Arumilli - Director
The CIN (Corporate Identification Number) of Coastal Paints is U24220AP1996PLC023086. 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 Coastal Paints is at Perdurthy Visakhapatnam Andhra Pradesh, Andhra Pradesh, India – 531173.
Coastal Paints was incorporated on 01 February 1996. It is registered with the Registrar of Companies, Vijayawada.
Coastal Paints can be reached through the website coromandelpaints.in. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The latest financial statements of Coastal Paints on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 20 September 2018. Year-wise statements from 2015 are in the company report.
No. Coastal Paints has 2 GST registrations on record and all of them are cancelled or inactive.
Coastal Paints operated in the manufacturing industry, in the paint and coatings segment. It worked in this industry before it was struck off.