MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-MH-15-0026608
Image Industries (India) Private Limited
Image Industries (India) Private Limited - food and beverages in Kolhapur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹17.61 Cr
▼ 21% YoY
Net profit · FY 2020
₹8.11 Lakh
Net margin 0.5%
EBITDA · FY 2020
₹1.35 Cr
EBITDA margin 7.7%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹9.95 Cr
Issued & subscribed
Open charges
₹10.5 Cr
Satisfied ₹41.82 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
1
Provident fund records
About Image Industries (India) Private Limited
Data last updated:
Image Industries (India) Private Limited is a private limited company based in Kolhapur, Maharashtra, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 27 October 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15332MH1986PTC041400. Its GSTIN is 27AAACW6880B1ZA (Maharashtra).
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹9.95 Cr. It was formerly known as Warana Food Products Private Limited and Warana Food Products Pvt Ltd. It is led by directors Girish Chitrasen Gulave (Managing Director) and Yogita Girish Gulave (Whole-Time Director).
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at At – Sambhapur Post – Top Tal – Hatkanangale Dist – Kolhapur, Maharashtra, India – 416112.
As per the financials filed for FY 2020, the company reported a revenue of ₹17.61 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹8.11 Lakh (net margin 0.5%) and EBITDA of ₹1.35 Cr (EBITDA margin 7.7%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 18% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.5 Cr and satisfied charges of ₹41.82 Cr on record. Court records list 12 cases involving the company, including 7 filed by the company and 5 filed against it; 2 cases are pending.
Image Industries (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-15-0026608). The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN U15332MH1986PTC041400
Registration Number 041400
Incorporation Date 27 October 1986
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-15-0026608
Name history
Image Industries (India) has undergone 2 name changes throughout its history. The company was previously known as Warana Food Products Private Limited, and Warana Food Products Pvt Ltd. The current legal name is Image Industries (India) Private Limited.
| Company Name | Status |
|---|---|
| Image Industries (India) Private Limited | Current |
| Warana Food Products Private Limited | Previous |
| Warana Food Products Pvt Ltd | Previous |
Recognitions & Rankings of Image Industries (India)
Contact details
Image Industries (India) Private Limited's registered office is in Kolhapur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressAt – Sambhapur Post – Top Tal – Hatkanangale Dist – Kolhapur, Maharashtra, India – 416112
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Image Industries (India) Private Limited, buy the company report.
Comprehensive company report
Image Industries (India) Private Limited - one report that includes everything
- 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
The main business activity of Image Industries (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Image Industries (India) Private Limited, buy the company report.
Financials of Image Industries (India) Private Limited
FY 2020 filings availableImage Industries (India) Private Limited reported revenue of ₹17.61 Cr (down 21% YoY) for FY 2020.
Revenue · FY 2020
₹17.61 Cr ▼ 21%
Net profit · FY 2020
₹8.11 Lakh margin 0.5%
EBITDA · FY 2020
₹1.35 Cr margin 7.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 21%
3 years · compounded
▼ 15%
5 years · compounded
▼ 18%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 8%
5 years · compounded
▼ 7%
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 21% fall in the latest year. EBITDA fell 25% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹17.61 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.11 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Image Industries (India) Private Limited, buy the company report.
Board of directors of Image Industries (India) Private Limited
Image Industries (India) has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogita Girish Gulave Also directs: Image Agro Processing Private Limited | Whole-Time Director | 05 Mar 2011 | 15 Years 7 Months | Current |
| Girish Chitrasen Gulave Also directs: Avitra International Private Limited | Managing Director | 23 Jul 2006 | 20 Years 3 Months | Current |
Shareholding
The shareholding of Image Industries (India) Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Image Industries (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10.5 Cr
Satisfied charges
₹41.82 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2017 | 100120924 | Others | ₹2 Cr | Open | |
| 13 Feb 2015 | 10554163 | Apana Sahakari Bank Ltd. | ₹6.8 Cr | Open | |
| 13 Feb 2015 | 10554167 | Others | ₹1.7 Cr | Open | |
| 26 Feb 2015 | 10554166 | Apana Sahakari Bank Ltd. | ₹4.65 Cr | Satisfied | |
| 25 Mar 2013 | 10561485 | Bank of Baroda | ₹8.66 Cr | Satisfied |
To see the full charge records of Image Industries (India) Private Limited, buy the company report.
Total charge records: 21 View all charges
Legal cases
Image Industries (India) Private Limited has 12 court cases on record: 7 filed by Image Industries (India), 5 filed against it. 2 cases are pending and 10 are disposed.
Total cases
12
Filed by the company
7
Filed against the company
5
Pending
2
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 4 | 1 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0602-Banking : Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, debt recovery by banks, financial institutions, cooperative banks and negotiable instruments [other than criminal prosecution]) | Filed against the company by an individual | Pending |
| District court, Palwal, Haryana | Civil suit | Filed against the company by Mahalaxmi Malt Products Pvt. Ltd. | Disposed |
| District court, Theni, Tamil Nadu | Criminal case | Filed against the company by Naga Phyto Chems Private Limited Rep.By A.Manoharan | Disposed |
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by Union Bank of India Branch Sydney Australia Through Authorized Officer Harinkumar Jani | Pending |
| District court, Kolhapur, Maharashtra | Civil suit | Filed by the company against Apana Sahakari Bank Ltd Through Officer and 1 other | Disposed |
To see the full case history of Image Industries (India) 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.
Credit ratings & regulatory alerts
Image Industries (India) Private Limited was last rated by Crisil on 12 Oct 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 Oct 2015 |
To see the full credit ratings and regulatory alerts of Image Industries (India) Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Image Industries (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Image Industries (India) Private Limited has a workforce of 1 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Employee growth
-93.75%
GST
Image Industries (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW6880B1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Image Industries (India) Private Limited, buy the company report.
Recent activity
Image Industries (India) Private Limited has 6 board changes on record since 2006: 2 appointments and 4 cessations. The latest: Chitrasen Naganath Gulave ceased to be Director on 30 Mar 2018.
Charges
A charge registered on 26 Feb 2015 via Charge ID 10554166 with Apana Sahakari Bank Ltd. was fully satisfied on 22 May 2024.
AGM
Image Industries (India) Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Filing
Image Industries (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Pune.
Charges
A charge with Others of Rs. 1.70 Cr registered on 13 Feb 2015 with Charge ID 10554167 was modified on 31 Dec 2019.
Ceased
Chitrasen Naganath Gulave ceased to be Director.
Ceased
Surekha Gulave Chitrasen ceased to be Director.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100120924 was registered on 29 Jul 2017.
Ceased
Swati Manish Mahajan ceased to be Director.
Ceased
Yogita Girish Gulave ceased to be Director.
Charges
A charge registered on 25 Mar 2013 via Charge ID 10561485 with Bank Of Baroda was fully satisfied on 20 Jul 2015.
Charges
A charge registered on 12 Oct 2012 via Charge ID 10388118 with Bank Of Baroda was fully satisfied on 11 Mar 2015.
Charges
A charge registered on 12 Oct 2012 via Charge ID 10388119 with Bank Of Baroda was fully satisfied on 11 Mar 2015.
47 earlier events are in the company report.
Frequently asked questions
Image Industries (India) is an active private limited company based in Kolhapur, Maharashtra, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 27 October 1986 (40+ years old) and is registered under CIN U15332MH1986PTC041400.
Image Industries (India) has 2 current directors:
- Girish Chitrasen Gulave - Managing Director
- Yogita Girish Gulave - Whole-Time Director
The latest financial statements of Image Industries (India) on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Image Industries (India) is 27AAACW6880B1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Image Industries (India) is U15332MH1986PTC041400. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Image Industries (India) has 12 court cases on record: 7 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Image Industries (India) was incorporated on 27 October 1986, making it 40+ years old. It is registered with the Registrar of Companies, Pune.
Chitrasen Naganath Gulave ceased to be Director on 30 Mar 2018. Surekha Gulave Chitrasen ceased to be Director on 30 Mar 2018. Swati Manish Mahajan ceased to be Director on 13 Aug 2016. Image Industries (India) has 6 board changes on record in total.
Yes, Image Industries (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-15-0026608).
The registered office of Image Industries (India) is at At – Sambhapur Post – Top Tal – Hatkanangale Dist – Kolhapur, Maharashtra, India – 416112.
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