Hi-Build Coatings Private Limited
About Hi-Build Coatings Private Limited
Data last updated:
Hi-Build Coatings Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Indigo Paints Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the paint and coatings segment of the manufacturing sector. It was incorporated on 20 January 1999.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U45402PN1999PTC165396. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.98 Cr. It was led by directors Narayanankutty Kottiedath Venugopal (Managing Director) and Hemant Kamala Jalan.
Its last annual general meeting (AGM) was held on 23 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Office No 103 1st Floor Montreal Business Centre Baner Road Baner, Pune, Maharashtra, India – 411045.
As per the financials filed for FY 2016, the company reported a revenue of ₹113.22 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹2.87 Cr (net margin 2.5%) and EBITDA of ₹9.87 Cr (EBITDA margin 8.7%).
The company had about 94 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹29.01 Cr on record. Court records list 25 cases involving the company, including 20 filed by the company and 5 filed against it; 10 cases are pending. The company has 2 deals on record (2 acquisitions); the latest was in January 2016.
Company details
CIN history
Hi-Build Coatings has one previous CIN (Corporate Identification Number): U45402KL1999PTC012751. The current CIN is U45402PN1999PTC165396, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45402PN1999PTC165396 | Current |
| U45402KL1999PTC012751 | Previous |
Contact details
Hi-Build Coatings Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No 103 1st Floor Montreal Business Centre Baner Road Baner, Pune, Maharashtra, India – 411045
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Hi-Build Coatings 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 Hi-Build Coatings 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 Hi-Build Coatings Private Limited, buy the company report.
Financials of Hi-Build Coatings Private Limited
FY 2016 filings availableHi-Build Coatings Private Limited reported revenue of ₹113.22 Cr (up 17% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 17% in the latest year. EBITDA rose 15% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹113.22 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹9.87 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹2.87 Cr | |
| 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 | 8.7% | |
| Net Profit Margin | 2.5% | |
| 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 | ||
To see the full financial statements and ratios of Hi-Build Coatings Private Limited, buy the company report.
Board of directors of Hi-Build Coatings Private Limited
Hi-Build Coatings has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanankutty Kottiedath Venugopal Also directs: Indigo Paints Limited, Apple Chemie India Private Limited | Managing Director | 14 Apr 2003 | 23 Years 6 Months | As last reported |
| Hemant Kamala Jalan | Additional Director | 01 Mar 2016 | 10 Years 8 Months | As last reported |
Auditor
Hi-Build Coatings Private Limited is audited by Varma & Varma for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Varma & Varma | FY 2016 | 004532S |
Shareholding
The shareholding of Hi-Build Coatings Private 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 Hi-Build Coatings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2014 | 10497015 | Muthoot Vehicle & Asset Finance Limited | ₹1 Cr | Satisfied | |
| 02 Aug 2013 | 10450885 | The Federal Bank Limited | ₹5 Cr | Satisfied | |
| 02 Apr 2013 | 10422777 | The Federal Bank Limited | ₹1.25 Cr | Satisfied | |
| 27 Sep 2012 | 10382849 | The Federal Bank Limited | ₹1.25 Cr | Satisfied | |
| 10 May 2012 | 10361635 | The Federal Bank Limited | ₹62 Lakh | Satisfied |
To see the full charge records of Hi-Build Coatings Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Hi-Build Coatings Private Limited has 2 deals on record (2 acquisitions); the latest was in January 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2016 | Acquisition | Undisclosed | Buyer: Indigo Paints Limited Seller: Omar Zawawi Establishment LLC |
| Feb 2004 | Acquisition | ₹2.49 Cr | Buyer: Omar Zawawi Establishment LLC |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hi-Build Coatings Private Limited has 25 court cases on record: 20 filed by Hi-Build Coatings, 5 filed against it. 10 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 2 | 10 |
| High courts | 9 | 3 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Revision petition | Filed by the company against M/S.Mourya Marketing Pvt. Ltd. and 4 others | Disposed |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against individuals | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against individuals | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against Cherian and Company and 2 others | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against Eswar Enterprises and 1 other | Pending |
To see the full case history of Hi-Build Coatings Private 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 Hi-Build Coatings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hi-Build Coatings has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Hi-Build Coatings Private Limited, buy the company report.
Recent activity
Hi-Build Coatings Private Limited has 7 board changes on record since 2003: 2 appointments and 5 cessations. The latest: Amrita Kashyap ceased to be Director on 01 Mar 2016.
51 earlier events are in the company report.
Frequently asked questions
Hi-Build Coatings 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.
Hi-Build Coatings was a private limited company based in Pune, Maharashtra, India. The company worked in paint and coatings, within the manufacturing industry. It was incorporated on 20 January 1999 and is registered under CIN U45402PN1999PTC165396. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Hi-Build Coatings was incorporated on 20 January 1999. It is registered with the Registrar of Companies, Pune.
Hi-Build Coatings had 2 directors:
- Narayanankutty Kottiedath Venugopal - Managing Director
- Hemant Kamala Jalan - Additional Director
The CIN (Corporate Identification Number) of Hi-Build Coatings is U45402PN1999PTC165396. 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 Hi-Build Coatings is at Office No 103 1st Floor Montreal Business Centre Baner Road Baner, Pune, Maharashtra, India – 411045.
The latest financial statements of Hi-Build Coatings on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 23 September 2016. Year-wise statements from 2015 are in the company report.
No. Hi-Build Coatings has 3 GST registrations on record and all of them are cancelled or inactive.
Hi-Build Coatings operated in the manufacturing industry, in the paint and coatings segment.
Hi-Build Coatings has 2 deals on record (2 acquisitions); the latest was in January 2016.
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