About Euro India Cylinders Limited
Data last updated:
Euro India Cylinders Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 14 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28121MH2008PLC177798. Its GSTIN is 27AABCE8956F1ZE (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Parimal Himmatlal Shah and Bhupatbhai Patel Khodabhai.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at B/301 Sun Vision Classic F P No. 14 Hanuman Road Vile Parle (East), Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2021, the company reported a revenue of ₹46.08 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net loss of ₹57.11 Lakh (net margin -1.2%) and EBITDA of ₹2.19 Cr (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 21% over five years.
The company has about 155 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.7 Lakh and satisfied charges of ₹94 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website euroindiacylinders.com.
Company details
Contact details
Euro India Cylinders Limited's registered office is in Mumbai, Maharashtra. Its website is euroindiacylinders.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB/301 Sun Vision Classic F P No. 14 Hanuman Road Vile Parle (East), Mumbai, Maharashtra, India – 400057
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Euro India Cylinders 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 Euro India Cylinders is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Euro India Cylinders Limited, buy the company report.
Financials of Euro India Cylinders Limited
FY 2022 filings availableEuro India Cylinders Limited reported revenue of ₹46.08 Cr (up 49% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 49% growth in the latest year. EBITDA rose 550% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹46.08 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹57.11 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 4.8% | ||||
| Net Profit Margin | -1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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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 Euro India Cylinders Limited, buy the company report.
Board of directors of Euro India Cylinders Limited
Euro India Cylinders has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parimal Himmatlal Shah Also directs: Lyons Technologies Limited | Director | 01 Feb 2017 | 9 Years 9 Months | Current |
| Bhupatbhai Patel Khodabhai | Director | 28 Apr 2016 | 10 Years 6 Months | Current |
| Pravin Shambhulal Nandu | Director | 14 Jan 2008 | 18 Years 9 Months | Current |
| Dhanji Avchar Gala Also directs: Seven Star Dot Com Private Limited | Director | 14 Jan 2008 | 18 Years 9 Months | Current |
| Digamber Ganpat Utekar | Director | 01 Feb 2017 | 9 Years 9 Months | Current |
Auditor
Euro India Cylinders Limited is audited by JAY PAREKH & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAY PAREKH & ASSOCIATES | FY 2021 | 143079W |
Shareholding
The shareholding of Euro India Cylinders Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Euro India Cylinders Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2009 | 10152797 | The Cosmos Co-Operative Bank Limited | ₹4.7 Lakh | Open | |
| 03 Apr 2012 | 10355127 | Pegasus Group Nineteen Trust Ii - Pegasus Assets Reconstruction Private Limited | ₹10 Cr | Satisfied | |
| 30 Mar 2009 | 10152796 | Pegasus Group Nineteen Trust Ii - Pegasus Assets Reconstruction Private Limited | ₹84 Cr | Satisfied |
To see the full charge records of Euro India Cylinders Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Euro India Cylinders Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Pegasus Assets Reconstruction Private Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Pegasus Assets Reconstruction Private Limited | Disposed |
To see the full case history of Euro India Cylinders 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 Euro India Cylinders Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Euro India Cylinders has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE8956F1ZE | Maharashtra | Active | 01 Sep 2017 |
| 24AABCE8956F1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Euro India Cylinders Limited, buy the company report.
Recent activity
Euro India Cylinders Limited has 10 board changes on record since 2008: 5 appointments and 5 cessations. The latest: Digamber Ganpat Utekar ceased to be Additional Director on 29 Sep 2017.
8 earlier events are in the company report.
Frequently asked questions
Euro India Cylinders is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 14 January 2008 (18+ years old) and is registered under CIN U28121MH2008PLC177798.
Euro India Cylinders has 5 current directors:
- Parimal Himmatlal Shah - Director
- Bhupatbhai Patel Khodabhai - Director
- Pravin Shambhulal Nandu - Director
- Dhanji Avchar Gala - Director
- Digamber Ganpat Utekar - Director
The latest financial statements of Euro India Cylinders on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Euro India Cylinders is 27AABCE8956F1ZE, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCE8956F1ZK (Gujarat).
The CIN (Corporate Identification Number) of Euro India Cylinders is U28121MH2008PLC177798. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Euro India Cylinders has 2 court cases on record: 2 filed against it.
Euro India Cylinders was incorporated on 14 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Digamber Ganpat Utekar ceased to be Additional Director on 29 Sep 2017. Parimal Himmatlal Shah ceased to be Additional Director on 29 Sep 2017. Digamber Ganpat Utekar was appointed as Director on 01 Feb 2017. Euro India Cylinders has 10 board changes on record in total.
Euro India Cylinders can be reached through the website euroindiacylinders.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Euro India Cylinders is at B301 Sun Vision Classic F P No. 14 Hanuman Road Vile Parle East, Mumbai, Maharashtra, India – 400057.
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