About Harmony Surfaces Limited
Data last updated:
Harmony Surfaces Limited is a public limited company based in Hathoda, Gujarat, India. It operates in the other metals and minerals segment of the metals and mining sector. It was incorporated on 06 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U20232GJ2015PLC081748. Its GSTIN is 24AADCH5379P1ZZ (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.6 Cr. It is led by directors including Nayankumar Savjibhai Savalia and Jagdishkumar Bhikhbhai Savalia.
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 is at Block No. – 3241 – A Survey No. – 373 373/1 374 377 380 381 376/1 – 2 Khata No.636 Vill – Hathoda T, A. Mangrol, Gujarat, India – 394405.
As per the financials filed for FY 2023, the company reported a revenue of ₹24.11 Lakh, a growth of 122% compared to the previous year. For the same year it recorded a net loss of ₹32.17 Lakh (net margin -133.4%) and EBITDA of -₹15.27 Lakh (EBITDA margin -63.3%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 27% over five years.
As per MCA filings, the company has satisfied charges of ₹9.16 Cr on record. The company has 1 deal on record (1 rights issue); the latest was in October 2015. Its 10 peer companies in the same principal business activity (Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 5 larger and 5 smaller; the largest is Shivswapn Biofuel Private Limited with revenue of ₹24.16 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website harmonysurfaces.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBlock No. – 3241 – A Survey No. – 373 373/1 374 377 380 381 376/1 – 2 Khata No.636 Vill – Hathoda T, A. Mangrol, Gujarat, India – 394405
- IndustryMetals and Minerals, Other Metals & Minerals
- 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
- One PDF report, delivered after checkout
Business Activity of Harmony Surfaces Limited
The main business activity of Harmony Surfaces is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | 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 Harmony Surfaces Limited FY 2023 filings available
Harmony Surfaces Limited reported revenue of ₹24.11 Lakh (up 122% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Harmony Surfaces Limited
Revenue rose 122% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 27%. EBITDA fell 412% 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 Harmony Surfaces Limited
| 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 | ₹24.11 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹15.27 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹32.17 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 of Harmony Surfaces Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -63.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -133.4% | •••• | •••• | •••• | •••• |
| 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 Harmony Surfaces 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 Harmony Surfaces Limited
Harmony Surfaces Limited is compared with the companies closest to it by revenue in the same principal business activity (Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shivswapn Biofuel Private Limited | ₹24.16 Lakh (FY 2023) | •••• | •••• | •••• | Sindhudurg, Maharashtra, India | |
| Maxis Life Support Private Limited | ₹24.16 Lakh (FY 2025) | •••• | •••• | -15.0% | •••• | Delhi, India |
| Someshwara Diamond Hearts Private Limited | ₹24.15 Lakh (FY 2021) | •••• | •••• | -41.0% | •••• | Bangalore, Karnataka, India |
| Anant Prefab Structures Private Limited | ₹24.15 Lakh (FY 2025) | •••• | •••• | -10.0% | •••• | Raisen, Madhya Pradesh, India |
| Supreme Aromatics Pvt. Ltd. | ₹24.11 Lakh (FY 2025) | •••• | •••• | -31.0% | •••• | Puducherry, India |
| Harmony Surfaces Limited this company | ₹24.11 Lakh (FY 2023) | •••• | •••• | 122.0% | •••• | Hathoda, Gujarat, India |
| Blocks & Pavers (India) Private Limited | ₹24.1 Lakh (FY 2017) | •••• | •••• | 27.0% | •••• | Chennai, Tamil Nadu, India |
| Suman and Soma Vincom Private Limited | ₹24.07 Lakh (FY 2021) | •••• | •••• | 60.0% | •••• | Raniganj, West Bengal, India |
| Sumedha Laser Technologies Private Limited | ₹24.06 Lakh (FY 2024) | •••• | •••• | 214.0% | •••• | Bangalore, Karnataka, India |
| Pragati Handicrafts Private Limited | ₹24.05 Lakh (FY 2023) | •••• | •••• | 50.0% | •••• | Gautam Budh Nagar, Uttar Pradesh, India |
| Soins and Godeva Private Limited | ₹24.05 Lakh (FY 2023) | •••• | •••• | 49.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Harmony Surfaces by revenue in the same principal business activity (Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), 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 Harmony Surfaces Limited
Harmony Surfaces Limited is audited by K P B S & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K P B S & ASSOCIATES | 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 Harmony Surfaces Limited
Harmony Surfaces has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nayankumar Savjibhai Savalia | Director | 06 Jan 2015 | 11 Years 9 Months | Current |
| Jagdishkumar Bhikhbhai Savalia Also directs: Harmony Ply-Lam Limited | Director | 06 Jan 2015 | 11 Years 9 Months | Current |
| Maheshkumar Bhikhabhai Savaliya Also directs: Green Global Phytoscience Private Limited, Arya Rasayan Lifescience Private Limited, Colo Chemitrex Private Limited and 5 more | Director | 06 Jan 2015 | 11 Years 9 Months | Current |
Ownership and Shareholding of Harmony Surfaces Limited
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 Harmony Surfaces Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Sep 2015 | Bank of Baroda | ₹4.58 Cr | Satisfied |
| 09 Sep 2015 | Bank of Baroda | ₹4.58 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Harmony Surfaces Limited
Harmony Surfaces Limited has 1 deal on record (1 rights issue); the latest was in October 2015.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2015 | Rights issue | ₹1.55 Cr | Investors: 4 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Harmony Surfaces Limited
Employment history and EPFO contributions of people linked to Harmony Surfaces.
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 Harmony Surfaces Limited
Harmony Surfaces Limited has 3 board changes on record since 2015: 3 appointments. The latest: Jagdishkumar Bhikhbhai Savalia was appointed as Director on 06 Jan 2015.
Credit Ratings, Litigation & Regulatory Alerts for Harmony Surfaces Limited
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 Harmony Surfaces Limited
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 Harmony Surfaces Limited
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 Harmony Surfaces Limited
Harmony Surfaces has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCH5379P1ZZ | Gujarat | 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 Harmony Surfaces Limited
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 Harmony Surfaces Limited
Harmony Surfaces is an active public limited company based in Hathoda, Gujarat, India. The company works in other metals and minerals, within the metals and minerals industry. It was incorporated on 06 January 2015 (11+ years old) and is registered under CIN U20232GJ2015PLC081748.
Harmony Surfaces reported revenue of ₹24.11 Lakh for FY 2023 (up 122% YoY).
Harmony Surfaces has 3 current directors:
- Nayankumar Savjibhai Savalia - Director
- Jagdishkumar Bhikhbhai Savalia - Director
- Maheshkumar Bhikhabhai Savaliya - Director
Harmony Surfaces reported a net loss of ₹32.17 Lakh (net margin -133.4%) and EBITDA of -₹15.27 Lakh (EBITDA margin -63.3%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Harmony Surfaces is -7% over three years and -27% over five years. In the latest year (FY 2023) revenue rose 122%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Harmony Surfaces is 24AADCH5379P1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Harmony Surfaces is U20232GJ2015PLC081748. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harmony Surfaces was incorporated on 06 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Harmony Surfaces has 1 deal on record (1 rights issue); the latest was in October 2015.
The peers of Harmony Surfaces by revenue are Shivswapn Biofuel Private Limited, Maxis Life Support Private Limited, Someshwara Diamond Hearts Private Limited, Anant Prefab Structures Private Limited, Supreme Aromatics Pvt. Ltd. and 5 more, all in the same principal business activity (Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Jagdishkumar Bhikhbhai Savalia was appointed as Director on 06 Jan 2015. Maheshkumar Bhikhabhai Savaliya was appointed as Director on 06 Jan 2015. Nayankumar Savjibhai Savalia was appointed as Director on 06 Jan 2015.