About Decolight Ceramics Limited
Data last updated:
Decolight Ceramics Limited is a public limited company based in Morbi, Gujarat, 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 sanitaryware and tile segment of the manufacturing sector. It was incorporated on 07 March 2000.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L26914GJ2000PLC037494. 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 NSE on 11 Sep 2018 · winding up and from BSE on 28 Sep 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹48.34 Cr. It is led by directors including Kantilal Maganlal Pethapara (Managing Director) and Girishbhai Maganlal Pethapara (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at B/H Romer Ceramic Old Ghuntu Road, Morbi, Gujarat, India – 363642.
As per the financials filed for FY 2015, the company reported a revenue of ₹2.37 Cr. For the same year it recorded a net loss of ₹28.44 Cr and EBITDA of -₹9.32 Cr (EBITDA margin -392.8%).
The company is associated with 1 brand: Decolight Ceramics. As per MCA filings, the company has open charges of ₹60.7 Cr and satisfied charges of ₹4.82 Cr on record. Court records list 22 cases involving the company, including 11 filed by the company and 11 filed against it. The company has 49 deals on record (48 market trades, 1 ipo); the latest was in April 2015.
The last known website on record is decocovering.com.
Company details
CIN history
Decolight Ceramics has one previous CIN (Corporate Identification Number): U26914GJ2000PLC037494. The current CIN is L26914GJ2000PLC037494, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26914GJ2000PLC037494 | Current |
| U26914GJ2000PLC037494 | Previous |
Contact details
Decolight Ceramics Limited's registered office is in Morbi, Gujarat. Its website is decocovering.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressB/H Romer Ceramic Old Ghuntu Road, Morbi, Gujarat, India – 363642
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Decolight Ceramics 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
Decolight Ceramics operates one associated brand: Decolight Ceramics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ceramic decorative coverings are produced in Morbi, India. | decocovering.com |
Financials of Decolight Ceramics Limited
FY 2015 filings availableDecolight Ceramics Limited reported revenue of ₹2.37 Cr for FY 2015.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹2.37 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹9.32 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹28.44 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -392.8% |
| Net Profit Margin | |
| 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 Decolight Ceramics Limited, buy the company report.
Board of directors of Decolight Ceramics Limited
Decolight Ceramics has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vasant Avacharbhai Kaila | Director | 19 Jun 2009 | 17 Years 4 Months | As last reported |
| Vijaybhai Maganlal Vidja | Director | 19 Jun 2009 | 17 Years 4 Months | As last reported |
| Girishbhai Maganlal Pethapara Also directs: Morbi-Dhuva Glaze Tiles Association | Whole-Time Director | 01 Oct 2015 | 11 Years 0 Months | As last reported |
| Kantilal Maganlal Pethapara | Managing Director | 01 Oct 2009 | 17 Years 0 Months | As last reported |
Auditor
Decolight Ceramics Limited is audited by SVK & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SVK & ASSOCIATES | FY 2015 | 118564W |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2004 | 90107018 | Others | ₹60.7 Cr | Open | |
| 04 Dec 2008 | 10132299 | Indian Renewable Energy Development Agency Limited | ₹4.46 Cr | Satisfied | |
| 25 Jun 2007 | 10059226 | Abn Amro Bank N. V. | ₹36 Lakh | Satisfied | |
| 22 Jun 2004 | 90105379 | Punjab National Bank | ₹- | Satisfied |
To see the full charge records of Decolight Ceramics Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Decolight Ceramics Limited has 49 deals on record (48 market trades, 1 ipo); the latest was in April 2015.
Deals on record (5 of 49)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2015 | Market trade | ₹4.4 Lakh | Seller: Sparc Pesticides Private Limited |
| Apr 2015 | Market trade | ₹9.2 Lakh | Seller: Sparc Pesticides Private Limited |
| Nov 2014 | Market trade | ₹61.7 Lakh | Buyer: Buddhisagar Shares & Services Private Limited , an individual Seller: 2 individuals |
| Jul 2014 | Market trade | ₹19.9 Lakh | Buyer: Chandresh Distribution Private Limited Seller: an individual |
| Jun 2014 | Market trade | ₹49.1 Lakh | Buyer: Sumtinath Shares and Services Private Limited Seller: an individual |
To see the full deal history of Decolight Ceramics Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Decolight Ceramics Limited has 22 court cases on record: 11 filed by Decolight Ceramics, 11 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 4 | 0 |
| High courts | 8 | 3 | 0 |
| NCLT | 2 | 2 | 0 |
| NCLAT | 2 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Rajradhe Finance Limited | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Rajradhe Finance Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Rajradhe Finance Limited | Disposed |
| NCLT, Ahmedabad | Court case (Rst.A(CompaniesAct)) | Filed against the company by M/S Perfect Packaging Partnership Firm A Partnership | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by individuals | Disposed |
To see the full case history of Decolight Ceramics 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 Decolight Ceramics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Decolight Ceramics 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 Decolight Ceramics Limited, buy the company report.
Recent activity
Decolight Ceramics Limited has 22 board changes on record since 2000: 13 appointments and 9 cessations. The latest: Girishbhai Maganlal Pethapara was appointed as Whole-Time Director on 01 Oct 2015.
22 earlier events are in the company report.
Frequently asked questions
Decolight Ceramics 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.
Decolight Ceramics is a company under insolvency, formerly operating as a public limited company based in Morbi, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 07 March 2000 and is registered under CIN L26914GJ2000PLC037494. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Decolight Ceramics has 4 current directors:
- Kantilal Maganlal Pethapara - Managing Director
- Girishbhai Maganlal Pethapara - Whole-Time Director
- Vasant Avacharbhai Kaila - Director
- Vijaybhai Maganlal Vidja - Director
The latest financial statements of Decolight Ceramics on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 28 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Decolight Ceramics is L26914GJ2000PLC037494. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Decolight Ceramics is recorded as a listed company by MCA, but its shares were delisted from NSE on 11 Sep 2018 · winding up and from BSE on 28 Sep 2018 · compulsory delisting, and no longer trade on a stock exchange.
Decolight Ceramics has open charges of ₹60.7 Cr and satisfied charges of ₹4.82 Cr as per latest MCA filings.
Decolight Ceramics has 22 court cases on record: 11 filed by the company and 11 filed against it. Most are in the district courts.
Decolight Ceramics was incorporated on 07 March 2000. It is registered with the Registrar of Companies, Ahmedabad.
Decolight Ceramics has 49 deals on record (48 market trades, 1 ipo); the latest was in April 2015.