About Coromandel Credits Limited
Data last updated:
Coromandel Credits Limited was a public limited company based in Chennai, Tamil Nadu, 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 financial services and investment segment of the financial services sector. It was incorporated on 23 June 1995.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U65921TN1995PLC031988.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Adusumilli Subbarao Chowdhary (Managing Director) and Adusumilli Jhansirani.
Its last annual general meeting (AGM) was held on 18 June 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 39 G N Chetty Road Sun Plaza 1st Floor, Chennai, Tamil Nadu, India – 600006.
As per the financials filed for FY 2018, the company reported a revenue of ₹6.75 Lakh. For the same year it recorded a net profit of ₹5.64 Lakh (net margin 83.6%) and EBITDA of ₹6.6 Lakh (EBITDA margin 97.8%).
The last known website on record is coromandelshipping.com.
Company details
CIN history
Coromandel Credits has one previous CIN (Corporate Identification Number): L65921TN1995PLC031988. The current CIN is U65921TN1995PLC031988, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921TN1995PLC031988 | Current |
| L65921TN1995PLC031988 | Previous |
Contact details
Coromandel Credits Limited's registered office is in Chennai, Tamil Nadu. Its website is coromandelshipping.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address39 G N Chetty Road Sun Plaza 1st Floor, Chennai, Tamil Nadu, India – 600006
- IndustryFinancial Services, Financial Activities
To see the full contact details of Coromandel Credits 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 Coromandel Credits Limited
FY 2018 filings availableCoromandel Credits Limited reported revenue of ₹6.75 Lakh for FY 2018.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹6.75 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹6.6 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.64 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 97.8% | |||
| Net Profit Margin | 83.6% | |||
| 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 Coromandel Credits Limited, buy the company report.
Board of directors of Coromandel Credits Limited
Coromandel Credits has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Adusumilli Jhansirani Also directs: Coromandel Shipping Agencies Pvt Ltd | Director | 06 Dec 2017 | 8 Years 10 Months | As last reported |
| Adusumilli Krishna Prasad | Director | 14 Nov 2003 | 22 Years 11 Months | As last reported |
| Adusumilli Subbarao Chowdhary | Managing Director | 23 Jun 1995 | 31 Years 4 Months | As last reported |
Auditor
Coromandel Credits Limited is audited by B.PURUSHOTTAM & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.PURUSHOTTAM & CO | FY 2018 | 002808S |
Shareholding
The shareholding of Coromandel Credits Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Coromandel Credits Limited, buy the company report.
Legal cases
No court or tribunal cases involving Coromandel Credits 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 Coromandel Credits Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Coromandel Credits Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Coromandel Credits Limited has 6 board changes on record since 1995: 3 appointments and 3 cessations. The latest: Adusumilli Jhansirani ceased to be Additional Director on 18 Jun 2018.
Frequently asked questions
Coromandel Credits 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.
Coromandel Credits was a public limited company based in Chennai, Tamil Nadu, India. The company worked in financial activities, within the financial services industry. It was incorporated on 23 June 1995 and is registered under CIN U65921TN1995PLC031988. The company has been struck off by the Registrar of Companies and is no longer operational.
Coromandel Credits had 3 directors:
- Adusumilli Subbarao Chowdhary - Managing Director
- Adusumilli Jhansirani - Director
- Adusumilli Krishna Prasad - Director
The CIN (Corporate Identification Number) of Coromandel Credits is U65921TN1995PLC031988. 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 Coromandel Credits is at 39 G N Chetty Road Sun Plaza 1st Floor, Chennai, Tamil Nadu, India – 600006.
Coromandel Credits was incorporated on 23 June 1995. It is registered with the Registrar of Companies, Chennai.
Coromandel Credits can be reached through the website coromandelshipping.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Coromandel Credits on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 18 June 2018. Year-wise statements from 2015 are in the company report.
Coromandel Credits operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
Adusumilli Jhansirani ceased to be Additional Director on 18 Jun 2018. Adusumilli Jhansirani was appointed as Director on 06 Dec 2017. Seenivasan Venkatasamy ceased to be Director on 29 Jun 2016. Coromandel Credits has 6 board changes on record in total.
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