About Doshion Water Solution Private Limited
Data last updated:
Doshion Water Solution Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Doshion Private Limited. 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 water treatment segment of the environmental services sector. It was incorporated on 27 August 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U41000MH2007PTC173486. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹17.5 Cr and a paid-up capital of ₹14.49 Cr. It was formerly known as Doshion Veolia Water Solutions Private Limited and Doshion Water Solutions Private Limited. It is led by directors Rahulbhai Shankarlal Vyas and Inayat Rathod.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹80.94 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹9.72 Cr (net margin -12%) and EBITDA of ₹7.56 Cr (EBITDA margin 9.3%).
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹856.3 Cr and satisfied charges of ₹157.14 Cr on record. Court records list 159 cases involving the company, including 29 filed by the company and 130 filed against it; 22 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹105.13 Cr; the latest was in May 2011.
The last known website on record is doshionpolymers.com.
Company details
Name history
Doshion Water Solution has undergone 2 name changes throughout its history. The company was previously known as Doshion Veolia Water Solutions Private Limited, and Doshion Water Solutions Private Limited. The current legal name is Doshion Water Solution Private Limited.
| Company Name | Status |
|---|---|
| Doshion Water Solution Private Limited | Current |
| Doshion Veolia Water Solutions Private Limited | Previous |
| Doshion Water Solutions Private Limited | Previous |
Contact details
Doshion Water Solution Private Limited's registered office is in Mumbai, Maharashtra. Its website is doshionpolymers.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice No. 3 2nd Floor A Wing Godrej Coliseum Eastern Express Hwy B/H Everard Nagar, Sion West, Mumbai, Maharashtra, India – 400022
- IndustryEnvironment, Water Treatment
To see the full contact details of Doshion Water Solution Private 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
Business activity
The main business activity of Doshion Water Solution is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Doshion Water Solution Private Limited, buy the company report.
Financials of Doshion Water Solution Private Limited
FY 2017 filings availableDoshion Water Solution Private Limited reported revenue of ₹80.94 Cr (down 48% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 48% in the latest year. EBITDA rose 69% in the latest 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 | ₹80.94 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹7.56 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹9.72 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 9.3% | ||
| Net Profit Margin | -12% | ||
| 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 Doshion Water Solution Private Limited, buy the company report.
Board of directors of Doshion Water Solution Private Limited
Doshion Water Solution has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahulbhai Shankarlal Vyas | Additional Director | 26 Mar 2024 | 2 Years 6 Months | As last reported |
| Inayat Rathod Also directs: A R Probuild Private Limited | Additional Director | 26 Mar 2024 | 2 Years 6 Months | As last reported |
Auditor
Doshion Water Solution Private Limited is audited by H TALATI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H TALATI & CO | FY 2017 | 134956W |
Shareholding
The shareholding of Doshion Water Solution Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Doshion Water Solution Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2014 | 10508763 | Union Bank of India | ₹18.72 Cr | Open | |
| 27 Mar 2014 | 10486396 | Bank of Baroda | ₹21.16 Cr | Open | |
| 26 Nov 2013 | 10468559 | Il & Fs Trust Company Limited | ₹408.64 Cr | Open | |
| 12 Jun 2013 | 10435676 | Indusind Bank Ltd. | ₹5.88 Cr | Open | |
| 19 Mar 2013 | 10425468 | Union Bank of India | ₹18 Cr | Open |
To see the full charge records of Doshion Water Solution Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Doshion Water Solution Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹105.13 Cr; the latest was in May 2011.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Veolia Water Solutions & Technologies Seller: Drashan International Limited, 2 individuals |
| Dec 2008 | Funding round | ₹57 Cr | Investors: Veolia Water Solutions & Technologies |
| Oct 2008 | Funding round | ₹69.2 Lakh | Investors: Drashan International Limited |
To see the full deal history of Doshion Water Solution Private 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
Doshion Water Solution Private Limited has 159 court cases on record: 29 filed by Doshion Water Solution, 130 filed against it. 22 cases are pending and 137 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 119 | 107 | 16 |
| High courts | 33 | 18 | 4 |
| NCLT | 4 | 2 | 0 |
| NCLAT | 2 | 2 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 159)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Flywheel Logistics Solutions Pvt. Ltd. | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Gondwana Engineers Ltd. and 1 other | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Penta Aqua Private Limited and 7 others | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Eureka Industrial Equipment Pvt Ltd Through S B Khalate | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Doshion Poly Science Private Limited and 2 others | Disposed |
To see the full case history of Doshion Water Solution Private 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.
Credit ratings & regulatory alerts
Doshion Water Solution Private Limited was last rated by Crisil on 25 Jul 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Jul 2016 |
To see the full credit ratings and regulatory alerts of Doshion Water Solution Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Doshion Water Solution Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Doshion Water Solution has 2 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Gondwana Engineers Limited | U28920MH1982PLC027105 | |
| Gondwana Engineers Ltd | U28920MH1982PLC027105 |
To see the full group structure of Doshion Water Solution Private Limited, buy the company report.
Employees & EPFO
Doshion Water Solution Private Limited has a workforce of 4 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Doshion Water Solution 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 Doshion Water Solution Private Limited, buy the company report.
Recent activity
Doshion Water Solution Private Limited has 13 board changes on record since 2008: 2 appointments and 11 cessations. The latest: Inayat Rathod was appointed as Additional Director on 26 Mar 2024.
23 earlier events are in the company report.
Frequently asked questions
Doshion Water Solution 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.
Doshion Water Solution is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in water treatment, within the environment industry. It was incorporated on 27 August 2007 and is registered under CIN U41000MH2007PTC173486. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Doshion Water Solution has 2 current directors:
- Rahulbhai Shankarlal Vyas - Additional Director
- Inayat Rathod - Additional Director
The latest financial statements of Doshion Water Solution 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 Doshion Water Solution is U41000MH2007PTC173486. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Doshion Water Solution has open charges of ₹856.3 Cr and satisfied charges of ₹157.14 Cr as per latest MCA filings.
Doshion Water Solution has 159 court cases on record: 29 filed by the company and 130 filed against it. 22 are pending. Most are in the district courts.
Doshion Water Solution was incorporated on 27 August 2007. It is registered with the Registrar of Companies, Mumbai.
Doshion Water Solution has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹105.13 Cr; the latest was in May 2011.
Inayat Rathod was appointed as Additional Director on 26 Mar 2024. Rahulbhai Shankarlal Vyas was appointed as Additional Director on 26 Mar 2024. Axel Bernard Richard Ensinger ceased to be Director on 16 Mar 2016. Doshion Water Solution has 13 board changes on record in total.