Durga Coatings Private Limited
About Durga Coatings Private Limited
Data last updated:
Durga Coatings Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the paint and coatings segment of the manufacturing sector. It was incorporated on 18 March 1999.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24220MH1999PTC118994. Its GSTIN is 27AABCN2398G1ZB (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It was formerly known as Nagrecha Paint P Ltd.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 8 B 7 Sindhi Colonysion West, Mumbai, Maharashtra, India – 400022.
As per the financials filed for FY 2021, the company reported a revenue of ₹69.82 Lakh, a decline of 53% compared to the previous year. For the same year it recorded a net profit of ₹1.3 Lakh (net margin 1.9%) and EBITDA of ₹4.35 Lakh (EBITDA margin 6.2%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 12% over five years.
As per MCA filings, the company has satisfied charges of ₹81 Lakh on record.
Company details
Contact details
Durga Coatings Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address8 B 7 Sindhi Colonysion West, Mumbai, Maharashtra, India – 400022
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Durga Coatings 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 Durga Coatings is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Durga Coatings Private Limited, buy the company report.
Financials of Durga Coatings Private Limited
FY 2021 filings availableDurga Coatings Private Limited reported revenue of ₹69.82 Lakh (down 53% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 53% fall in the latest year. EBITDA fell 19% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹69.82 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.3 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 1.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Durga Coatings Private Limited, buy the company report.
Board of directors of Durga Coatings Private Limited
Durga Coatings has 3 former directors on record and no current directors listed.
Peer comparison
Durga Coatings Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vikram Paints Private Limited | ₹72 Lakh (FY 2024) | -33.0% | Uttar Pradesh, India | |||
| Lucknow Aromatics Private Limited | ₹71.03 Lakh (FY 2024) | 62.0% | Uttar Pradesh, India | |||
| Durga Coatings Private Limitedthis company | ₹69.82 Lakh (FY 2021) | ₹1.3 Lakh | 1.9% | -53.0% | Mumbai, Maharashtra, India | |
| Wellcoat Shine Industries Private Limited | ₹69.11 Lakh (FY 2023) | -78.0% | Meerut, Uttar Pradesh, India |
To see the full peer comparison of Durga Coatings Private Limited, buy the company report.
Auditor
Durga Coatings Private Limited is audited by H V VORA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H V VORA & CO | FY 2021 | 111629W |
Shareholding
The shareholding of Durga Coatings Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Durga Coatings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 May 2010 | 10234661 | Bank of Baroda | ₹15 Lakh | Satisfied | |
| 18 May 2010 | 10235608 | Bank of Baroda | ₹15 Lakh | Satisfied | |
| 02 Jan 2001 | 90147601 | Bank of Baroda | ₹51 Lakh | Satisfied |
To see the full charge records of Durga Coatings Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Durga Coatings Private 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 Durga Coatings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Durga Coatings has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCN2398G1ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Durga Coatings Private Limited, buy the company report.
Recent activity
Durga Coatings Private Limited has 3 board changes on record since 2022: 0 appointments and 3 cessations. The latest: Dinesh Vallabhdas Nagrecha ceased to be Whole-Time Director on 06 Feb 2022.
Frequently asked questions
Durga Coatings has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Durga Coatings was a private limited company based in Mumbai, Maharashtra, India. The company worked in paint and coatings, within the manufacturing industry. It was incorporated on 18 March 1999 and is registered under CIN U24220MH1999PTC118994. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Durga Coatings is U24220MH1999PTC118994. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Durga Coatings was incorporated on 18 March 1999. It is registered with the Registrar of Companies, Mumbai.
The registered office of Durga Coatings is at 8 B 7 Sindhi Colonysion West, Mumbai, Maharashtra, India – 400022.
The latest financial statements of Durga Coatings on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Durga Coatings is 27AABCN2398G1ZB, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Durga Coatings operated in the manufacturing industry, in the paint and coatings segment.
The peers of Durga Coatings by revenue are Vikram Paints Private Limited, Lucknow Aromatics Private Limited, Wellcoat Shine Industries Private Limited, all in the Manufacturing industry (Paints), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Dinesh Vallabhdas Nagrecha ceased to be Whole-Time Director on 06 Feb 2022. Jigar Dinesh Nagrecha ceased to be Whole-Time Director on 06 Feb 2022. Manish Dinesh Nagrecha ceased to be Whole-Time Director on 06 Feb 2022.
Durga Coatings has no open charges and satisfied charges of ₹81 Lakh as per latest MCA filings.
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