Elite Paints Private Limited
About Elite Paints Private Limited
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Elite Paints Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 25 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U24222PN2007PTC129530. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹89.96 Lakh. It is led by directors Prashant Dattatraya Kasture (Managing Director) and Ajett Ashok Waghmare.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Samartha Plot No.2 Padmavati Off Pune – Satara Road, Maharashtra, India – 411037.
As per the financials filed for FY 2018, the company reported a revenue of ₹4 Lakh, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹28.68 Lakh and EBITDA of -₹24.88 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 69% over three years.
As per MCA filings, the company has open charges of ₹15 Lakh and satisfied charges of ₹76 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Elite Paints Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSamartha Plot No.2 Padmavati Off Pune – Satara Road, Maharashtra, India – 411037
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Elite Paints 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 Elite Paints is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Elite Paints Private Limited, buy the company report.
Financials of Elite Paints Private Limited
FY 2018 filings availableElite Paints Private Limited reported revenue of ₹4 Lakh (down 90% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 69% over three years, including a 90% fall in the latest year. EBITDA fell 95% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹24.88 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹28.68 Lakh | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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To see the full financial statements and ratios of Elite Paints Private Limited, buy the company report.
Board of directors of Elite Paints Private Limited
Elite Paints has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Dattatraya Kasture | Managing Director | 25 Jan 2007 | 19 Years 9 Months | Current |
| Ajett Ashok Waghmare | Director | 25 Jan 2007 | 19 Years 9 Months | Current |
Auditor
Elite Paints Private Limited is audited by UDYEN JAIN & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UDYEN JAIN & ASSOCIATES | FY 2017 | 116336W |
Shareholding
The shareholding of Elite Paints Private 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 Elite Paints Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2014 | 10505447 | Others | ₹15 Lakh | Open | |
| 18 Jun 2014 | 10505502 | Udyam Vikas Sahakari Bank Limited | ₹20 Lakh | Satisfied | |
| 20 Aug 2013 | 10454167 | Janata Sahakari Bank Limited Pune | ₹5 Lakh | Satisfied | |
| 26 Jun 2009 | 10166306 | Janata Sahakari Bank Limited. Pune | ₹1 Lakh | Satisfied | |
| 05 Jun 2007 | 10058928 | The Janata Sahakari Bank Limited Pune | ₹50 Lakh | Satisfied |
To see the full charge records of Elite Paints Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Elite Paints 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 Elite Paints Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Elite Paints has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Elite Paints Private Limited, buy the company report.
Recent activity
Elite Paints Private Limited has 6 board changes on record since 2007: 2 appointments and 4 cessations. The latest: Amarjit Singh ceased to be Director on 30 Mar 2019.
8 earlier events are in the company report.
Frequently asked questions
Elite Paints is an active private limited company based in Pune, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 25 January 2007 (19+ years old) and is registered under CIN U24222PN2007PTC129530.
Elite Paints has 2 current directors:
- Prashant Dattatraya Kasture - Managing Director
- Ajett Ashok Waghmare - Director
The latest financial statements of Elite Paints on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Elite Paints has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Elite Paints is U24222PN2007PTC129530. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elite Paints was incorporated on 25 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Pune.
Amarjit Singh ceased to be Director on 30 Mar 2019. Ujwala Ujwalchandra Tawde ceased to be Director on 01 Feb 2014. Vivek Vinayak Deshpande ceased to be Director on 26 Aug 2013. Elite Paints has 6 board changes on record in total.
The registered office of Elite Paints is at Samartha Plot No.2 Padmavati Off Pune – Satara Road, Maharashtra, India – 411037.
Elite Paints operates in the manufacturing industry, in the paint and coatings segment.
Elite Paints has open charges of ₹15 Lakh and satisfied charges of ₹76 Lakh as per latest MCA filings.
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