Gol Salvage Services Limited
About Gol Salvage Services Limited
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Gol Salvage Services Limited is a public limited company based in Kakinada, Andhra Pradesh, India, a subsidiary of Gol Offshore Limited. It operates in the mining support services segment of the mining sector. It was incorporated on 25 April 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U71120AP2002PLC027001. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹28.1 Lakh. It was formerly known as Great Offshore Salvage Services Limited. It is led by directors including Deepak Lal Mathur and Ram Mohan Choudhary.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at D.No.70 – 17A/2/9A Sasikanth Nagar, Kakinada, Andhra Pradesh, India – 533003.
As per the financials filed for FY 2016, the company reported a revenue of ₹1.6 Cr. For the same year it recorded a net profit of ₹8.94 Lakh (net margin 5.6%) and EBITDA of ₹30.44 Lakh (EBITDA margin 19%).
As per MCA filings, the company has satisfied charges of ₹7.41 Cr on record. The company has 1 deal on record (1 acquisition); the latest was in September 2008.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Gol Salvage Services has one previous CIN (Corporate Identification Number): L71120AP2002PLC027001. The current CIN is U71120AP2002PLC027001, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U71120AP2002PLC027001 | Current |
| L71120AP2002PLC027001 | Previous |
Contact details
Gol Salvage Services Limited's registered office is in Kakinada, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD.No.70 – 17A/2/9A Sasikanth Nagar, Kakinada, Andhra Pradesh, India – 533003
- IndustryMining, Mining Support Services
To see the full contact details of Gol Salvage Services 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 Gol Salvage Services Limited
FY 2016 filings availableGol Salvage Services Limited reported revenue of ₹1.6 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹1.6 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹30.44 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹8.94 Lakh | |
| 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 | 19% | |
| Net Profit Margin | 5.6% | |
| 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 Gol Salvage Services Limited, buy the company report.
Board of directors of Gol Salvage Services Limited
Gol Salvage Services has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gopala Krishnan Venkatraman Also directs: Gol Ship Repairs Limited | Additional Director | 11 Jan 2016 | 10 Years 9 Months | Current |
| Deepak Lal Mathur Also directs: DWS Offshore Drilling Limited | Director | 18 Nov 2014 | 11 Years 11 Months | Current |
| Ram Mohan Choudhary Also directs: DWS Offshore Drilling Limited, Gol Ship Repairs Limited | Director | 17 Oct 2012 | 14 Years 0 Months | Current |
Auditor
Gol Salvage Services Limited is audited by VERMA & VERMA for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VERMA & VERMA | FY 2016 | 004532S |
Shareholding
The shareholding of Gol Salvage Services Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Gol Salvage Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2006 | 10019934 | Karnanataka Bank Limited | ₹1.12 Cr | Satisfied | |
| 21 Aug 2006 | 10019935 | Karnataka Bank Limited | ₹2.41 Cr | Satisfied | |
| 21 Aug 2006 | 10019936 | Karnataka Bank Limited | ₹60 Lakh | Satisfied | |
| 24 Jul 2004 | 90124466 | Karnataka Bank | ₹31 Lakh | Satisfied | |
| 13 Jan 2004 | 90124429 | Lakshmi General Finance Limited ` | ₹7.61 Lakh | Satisfied |
To see the full charge records of Gol Salvage Services Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Gol Salvage Services Limited has 1 deal on record (1 acquisition); the latest was in September 2008.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2008 | Acquisition | Undisclosed | Buyer: Gol Offshore Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Gol Salvage Services 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 Gol Salvage Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gol Salvage Services 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 Gol Salvage Services Limited, buy the company report.
Recent activity
Gol Salvage Services Limited has 19 board changes on record since 2008: 3 appointments and 16 cessations. The latest: Ram Mohan Choudhary ceased to be Director on 10 Mar 2017.
39 earlier events are in the company report.
Frequently asked questions
Gol Salvage Services is an active public limited company based in Kakinada, Andhra Pradesh, India. The company works in mining support services, within the mining industry. It was incorporated on 25 April 2002 (24+ years old) and is registered under CIN U71120AP2002PLC027001.
Gol Salvage Services has 3 current directors:
- Gopala Krishnan Venkatraman - Additional Director
- Deepak Lal Mathur - Director
- Ram Mohan Choudhary - Director
The latest financial statements of Gol Salvage Services on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Gol Salvage Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Gol Salvage Services is U71120AP2002PLC027001. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gol Salvage Services was incorporated on 25 April 2002, making it 24+ years old. It is registered with the Registrar of Companies, Vijayawada.
Gol Salvage Services has 1 deal on record (1 acquisition); the latest was in September 2008.
Ram Mohan Choudhary ceased to be Director on 10 Mar 2017. Gopala Krishnan Venkatraman ceased to be Additional Director on 01 Mar 2017. Deepak Lal Mathur ceased to be Director on 27 Feb 2017. Gol Salvage Services has 19 board changes on record in total.
The registered office of Gol Salvage Services is at D.No.70 – 17A29A Sasikanth Nagar, Kakinada, Andhra Pradesh, India – 533003.
Gol Salvage Services operates in the mining industry, in the mining support services segment.