About Desmo Exports Limited
Data last updated:
Desmo Exports Limited is a public limited company based in Navi Mumbai, 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 chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 04 February 1993.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51397MH1993PLC070652. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Dilip Mishrilal Jindal (Managing Director) and Deviram Kalyan Singh.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Plot No. C – 108/1 Ttc Industrial Area Pawane MIDC Thane – Belapur Road, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2016, the company reported a revenue of ₹120.15 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹75.65 Cr (net margin -63%) and EBITDA of -₹64.73 Cr (EBITDA margin -53.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹93.18 Cr and satisfied charges of ₹31.55 Cr on record. Court records list 19 cases involving the company, including 12 filed by the company and 7 filed against it; 1 case is pending.
The last known website on record is desmoexports.com.
Company details
CIN history
Desmo Exports has one previous CIN (Corporate Identification Number): L51397MH1993PLC070652. The current CIN is U51397MH1993PLC070652, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51397MH1993PLC070652 | Current |
| L51397MH1993PLC070652 | Previous |
Contact details
Desmo Exports Limited's registered office is in Navi Mumbai, Maharashtra. Its website is desmoexports.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. C – 108/1 Ttc Industrial Area Pawane MIDC Thane – Belapur Road, Navi Mumbai, Maharashtra, India – 400705
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Desmo Exports 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 Desmo Exports Limited
FY 2017 filings availableDesmo Exports Limited reported revenue of ₹120.15 Cr (down 50% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 50% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹120.15 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹64.73 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹75.65 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -53.9% | |
| Net Profit Margin | -63% | |
| 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 Desmo Exports Limited, buy the company report.
Board of directors of Desmo Exports Limited
Desmo Exports has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deviram Kalyan Singh | Additional Director | 07 Jan 2016 | 10 Years 9 Months | As last reported |
| Dilip Mishrilal Jindal | Managing Director | 09 Aug 2002 | 24 Years 2 Months | As last reported |
| Jamir Supadu Shaikh | Additional Director | 21 Dec 2015 | 10 Years 10 Months | As last reported |
Auditor
Desmo Exports Limited is audited by Shubham Modi for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shubham Modi | FY 2016 |
Shareholding
The shareholding of Desmo Exports 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 Desmo Exports Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jan 2015 | 10565009 | Hdfc Bank Limited | ₹18.24 Lakh | Open | |
| 26 Sep 2012 | 10381119 | Bank of India | ₹31 Cr | Open | |
| 13 Jan 2011 | 10260791 | Icici Bank Limited | ₹31 Cr | Open | |
| 14 Oct 2010 | 10245196 | Icici Bank Limited | ₹31 Cr | Open | |
| 23 Oct 2009 | 10191754 | State Bank of India | ₹13.8 Cr | Satisfied |
To see the full charge records of Desmo Exports Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Desmo Exports Limited has 19 court cases on record: 12 filed by Desmo Exports, 7 filed against it. 1 case is pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 2 | 0 |
| High courts | 6 | 4 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against HDFC Bank Ltd. (Secured Creditor) and 7 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by Bajaj Finance Ltd | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Rajit Paints Ltd and Ors | Disposed |
| High Court, GUJARAT | Appeal | Filed by the company against Bhagwati Remedies Private Ltd and 1 other | Pending |
| Bombay High Court | Court case (OLR) | Filed against the company by Official Liquidator | Disposed |
To see the full case history of Desmo Exports 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 Desmo Exports Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Desmo Exports Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Desmo Exports has 10 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 Desmo Exports Limited, buy the company report.
Recent activity
Desmo Exports Limited has 8 board changes on record since 2002: 3 appointments and 5 cessations. The latest: Deviram Kalyan Singh was appointed as Additional Director on 07 Jan 2016.
18 earlier events are in the company report.
Frequently asked questions
Desmo Exports 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.
Desmo Exports is a company under liquidation, formerly operating as a public limited company based in Navi Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 04 February 1993 and is registered under CIN U51397MH1993PLC070652. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Desmo Exports has 3 current directors:
- Dilip Mishrilal Jindal - Managing Director
- Deviram Kalyan Singh - Additional Director
- Jamir Supadu Shaikh - Additional Director
The latest financial statements of Desmo Exports on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Desmo Exports is U51397MH1993PLC070652. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Desmo Exports has open charges of ₹93.18 Cr and satisfied charges of ₹31.55 Cr as per latest MCA filings.
Desmo Exports has 19 court cases on record: 12 filed by the company and 7 filed against it. 1 is pending. Most are in the district courts.
Desmo Exports was incorporated on 04 February 1993. It is registered with the Registrar of Companies, Mumbai.
Deviram Kalyan Singh was appointed as Additional Director on 07 Jan 2016. Nitin Borana ceased to be Director on 01 Jan 2016. Jamir Supadu Shaikh was appointed as Additional Director on 21 Dec 2015. Desmo Exports has 8 board changes on record in total.
Desmo Exports can be reached through the website desmoexports.com. Its registered office is in Navi Mumbai, Maharashtra, India.