Hardik Paint Pvt Ltd
About Hardik Paint Pvt Ltd
Data last updated:
Hardik Paint Pvt Ltd was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the paper and packaging products segment of the wood and timber products sector. It was incorporated on 24 March 1992.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24220MH1992PTC066044. Its GSTIN is 27AAACH1168B1Z2 (Maharashtra).
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5.26 Lakh. It was led by directors Harendra Bhaidas Sanghvi and Nachiket Suresh Doshi.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 510 Himalaya House Palton Rd, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.47 Lakh, a growth of 46% compared to the previous year. For the same year it recorded a net loss of ₹47,661 (net margin -32.5%) and EBITDA of -₹45,103 (EBITDA margin -30.7%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 54% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹93.25 Lakh on record.
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- Registered Address510 Himalaya House Palton Rd, Mumbai, Maharashtra, India – 400001
- IndustryWood, Paper & Paper Products, Wood & Wood Products, Furniture
- 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
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Business Activity of Hardik Paint Pvt Ltd
The main business activity of Hardik Paint is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Hardik Paint Pvt Ltd FY 2023 filings available
Hardik Paint Pvt Ltd reported revenue of ₹1.47 Lakh (up 46% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Hardik Paint Pvt Ltd
Revenue rose 46% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 54%. EBITDA rose 35% 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 of Hardik Paint Pvt Ltd
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹45,103 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹47,661 | •••• | •••• | •••• | •••• |
| 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 of Hardik Paint Pvt Ltd
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -30.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -32.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Hardik Paint are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Hardik Paint Pvt Ltd
Hardik Paint Pvt Ltd is compared with the companies closest to it by revenue in the same principal business activity (Wholesale Trading). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arthnet India Cables Private Limited | ₹1.47 Lakh (FY 2018) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Oneopt Development and Consultancy Services Private Limited | ₹1.47 Lakh (FY 2022) | •••• | •••• | •••• | Delhi, India | |
| Pharmaquip Medicaments Export Private Limited | ₹1.47 Lakh (FY 2024) | •••• | •••• | -96.0% | •••• | Bhubaneswar, Odisha, India |
| Eveggies House Agro (OPC) Private Limited | ₹1.47 Lakh (FY 2021) | •••• | •••• | 6.0% | •••• | Patna, Bihar, India |
| Goodfind Foods Private Limited | ₹1.47 Lakh (FY 2023) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Hardik Paint Pvt Ltd this company | ₹1.47 Lakh (FY 2023) | •••• | •••• | 46.0% | •••• | Mumbai, Maharashtra, India |
| Kiran Wheat Processing Private Limited | ₹1.47 Lakh (FY 2024) | •••• | •••• | 14.0% | •••• | Kolkata, West Bengal, India |
| Boldie Mining Sealants Pvt Ltd | ₹1.47 Lakh (FY 2024) | •••• | •••• | 2.0% | •••• | Kolkata, West Bengal, India |
| Vidhai Distributors Private Limited | ₹1.47 Lakh (FY 2024) | •••• | •••• | -50.0% | •••• | Chennai, Tamil Nadu, India |
| Medily Healthcare Private Limited | ₹1.47 Lakh (FY 2025) | •••• | •••• | 56.0% | •••• | Delhi, India |
| Tisai Dairy Farm Private Limited | ₹1.47 Lakh (FY 2024) | •••• | •••• | -97.0% | •••• | Choure, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Hardik Paint by revenue in the same principal business activity (Wholesale Trading), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Hardik Paint Pvt Ltd
Hardik Paint Pvt Ltd is audited by CHATURVEDI AND SHAH for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CHATURVEDI AND SHAH | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Hardik Paint Pvt Ltd
Hardik Paint has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harendra Bhaidas Sanghvi Also directs: Apsara Plastics Pvt Ltd, Hindustan Pencils Private Limited, Sanghvi Woods Private Limited and 3 more | Director | 18 Jul 2011 | 15 Years 2 Months | As last reported |
| Nachiket Suresh Doshi Also directs: Bina's Treats Limited Liability Partnership | Director | 22 Apr 2013 | 13 Years 5 Months | As last reported |
Ownership and Shareholding of Hardik Paint Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Hardik Paint Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Nov 2001 | Union Bank of India | ₹7.5 Lakh | Satisfied |
| 02 Feb 1999 | The Shamarao Vithal Co - Op Bank Ltd. | ₹41 Lakh | Satisfied |
| 20 Jul 1993 | Union Bank of India | ₹7 Lakh | Satisfied |
| 26 Mar 1993 | Union Bank of India | ₹37.75 Lakh | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Hardik Paint Pvt Ltd
Hardik Paint Pvt Ltd has a workforce of 1 employees as of Mar 23, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Hardik Paint Pvt Ltd
Hardik Paint Pvt Ltd has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Nachiket Suresh Doshi was appointed as Director on 22 Apr 2013.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hardik Paint Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Hardik Paint Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hardik Paint Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Hardik Paint Pvt Ltd
Hardik Paint has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH1168B1Z2 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Hardik Paint Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hardik Paint Pvt Ltd
Hardik Paint has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Hardik Paint was a private limited company based in Mumbai, Maharashtra, India. The company worked in paper and paper products, within the wood industry. It was incorporated on 24 March 1992 and is registered under CIN U24220MH1992PTC066044. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Hardik Paint was incorporated on 24 March 1992. It is registered with the Registrar of Companies, Mumbai.
Hardik Paint had 2 directors:
- Harendra Bhaidas Sanghvi - Director
- Nachiket Suresh Doshi - Director
The CIN (Corporate Identification Number) of Hardik Paint is U24220MH1992PTC066044. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Hardik Paint is at 510 Himalaya House Palton Rd, Mumbai, Maharashtra, India – 400001.
Hardik Paint reported revenue of ₹1.47 Lakh for FY 2023 (up 46% YoY).
Hardik Paint has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5.26 Lakh.
Hardik Paint reported a net loss of ₹47,661 (net margin -32.5%) and EBITDA of -₹45,103 (EBITDA margin -30.7%) for FY 2023, as per its filed financial statements.
The GSTIN of Hardik Paint is 27AAACH1168B1Z2, registered in Maharashtra.
Hardik Paint operated in the wood industry, in the paper and paper products segment.