Coromandel Granites (I) Limited
About Coromandel Granites (I) Limited
Data last updated:
Coromandel Granites (I) Limited is a public limited company based in Puducherry, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 30 May 1986.
The company is registered with the Registrar of Companies (ROC), Pondicherry, under CIN L14102PY1986PLC000415. The company has 3 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.99 Cr. It was formerly known as Coromandel Granite Company Limited and Coromandel Granite Company Private Limited. It is led by directors including Mahaveer Bafna (Whole-Time Director) and Megna Surana.
Its last annual general meeting (AGM) was held on 01 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C/O. G. Jayanthi No.2 Kamarajar Street 1st Floor Ashok Nagar, Lawspet India, Puducherry, India – 605008.
As per the financials filed for FY 2022, the company reported a revenue of ₹88.22 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹40.19 Lakh (net margin 45.6%) and EBITDA of -₹24.66 Lakh (EBITDA margin -28%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 40% over five years.
As per MCA filings, the company has satisfied charges of ₹15.03 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
Company details
Name history
Coromandel Granites (I) has undergone 2 name changes throughout its history. The company was previously known as Coromandel Granite Company Limited, and Coromandel Granite Company Private Limited. The current legal name is Coromandel Granites (I) Limited.
| Company Name | Status |
|---|---|
| Coromandel Granites (I) Limited | Current |
| Coromandel Granite Company Limited | Previous |
| Coromandel Granite Company Private Limited | Previous |
CIN history
Coromandel Granites (I) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L14102PY1986PLC000415, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L14102PY1986PLC000415 | Current |
| U14102PY1986PTC000415 | Previous |
| U14102PY1986PLC000415 | Previous |
Contact details
Coromandel Granites (I) Limited's registered office is in Puducherry, Puducherry. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O. G. Jayanthi No.2 Kamarajar Street 1st Floor Ashok Nagar, Lawspet India, Puducherry, India – 605008
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Coromandel Granites (I) 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 Granites (I) Limited
FY 2024 filings availableCoromandel Granites (I) Limited reported revenue of ₹88.22 Lakh (up 323% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 323% growth 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹88.22 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹24.66 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹40.19 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28% | ||||
| Net Profit Margin | 45.6% | ||||
| 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 Granites (I) Limited, buy the company report.
Board of directors and KMP of Coromandel Granites (I) Limited
Coromandel Granites (I) Limited currently reports 4 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Megna Surana Also directs: Suranashree Autowheels Private Limited | Director | 25 Jan 2018 | 8 Years 9 Months | As last reported |
| Thangaraj Also directs: Krono Exim Private Limited | Director | 31 Dec 2020 | 5 Years 10 Months | As last reported |
| Chandni Mahaveer Bafna | Director | 08 Jun 2012 | 14 Years 5 Months | As last reported |
| Mahaveer Bafna | Whole-Time Director | 29 Jun 2018 | 8 Years 4 Months | As last reported |
| Ashok Gupta | Cfo | 01 Mar 2017 | 9 Years 8 Months | As last reported |
Auditor
Coromandel Granites (I) Limited is audited by Sidharth Mehta & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sidharth Mehta & Co. | FY 2022 | 008108S |
Shareholding
The shareholding of Coromandel Granites (I) Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Coromandel Granites (I) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Feb 2001 | 90005684 | Canara Bank | ₹10 Lakh | Satisfied | |
| 19 Jun 1998 | 90005575 | Canara Bank | ₹5 Lakh | Satisfied | |
| 08 Jun 1998 | 90005574 | Canara Bank | ₹5 Lakh | Satisfied | |
| 14 Mar 1998 | 90005568 | Canara Bank | ₹2 Lakh | Satisfied | |
| 21 Feb 1998 | 90005565 | Canara Bank | ₹5 Lakh | Satisfied |
To see the full charge records of Coromandel Granites (I) Limited, buy the company report.
Total charge records: 26 View all charges
Legal cases
Coromandel Granites (I) Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Stonera Systems Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Stonera Systems Pvt Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Coromandel Granites (I) 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 Coromandel Granites (I) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Coromandel Granites (I) has 3 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 Coromandel Granites (I) Limited, buy the company report.
Recent activity
Coromandel Granites (I) Limited has 17 board changes on record since 1996: 11 appointments and 6 cessations. The latest: Thangaraj was appointed as Director on 31 Dec 2020.
68 earlier events are in the company report.
Frequently asked questions
Coromandel Granites (I) is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Coromandel Granites (I) is a company under insolvency, formerly operating as a public limited company based in Puducherry, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 30 May 1986 and is registered under CIN L14102PY1986PLC000415. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Coromandel Granites (I) has 5 current directors and KMP:
- Mahaveer Bafna - Whole-Time Director
- Megna Surana - Director
- Thangaraj - Director
- Chandni Mahaveer Bafna - Director
- Ashok Gupta - Cfo
The latest financial statements of Coromandel Granites (I) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 01 July 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Coromandel Granites (I) is L14102PY1986PLC000415. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coromandel Granites (I) is recorded as a listed company by MCA, but its shares were delisted from BSE, and no longer trade on a stock exchange.
Coromandel Granites (I) has no open charges and satisfied charges of ₹15.03 Cr as per latest MCA filings.
Coromandel Granites (I) has 3 court cases on record: 3 filed against it. 1 is pending.
Coromandel Granites (I) was incorporated on 30 May 1986. It is registered with the Registrar of Companies, Pondicherry.
Thangaraj was appointed as Director on 31 Dec 2020. Mahaveer Bafna was appointed as Whole-Time Director on 29 Jun 2018. Mahaveer Kushboo Bafna ceased to be Director on 29 Jun 2018. Coromandel Granites (I) has 17 board changes on record in total.
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