About Indocean Tools Private Limited
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Indocean Tools Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Indocean Diamond Tools Limited. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 02 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29299MH1999PTC121582. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹20 Lakh. It was formerly known as Bhukhanvala Tools Private Limited. It is led by directors Varun Nitish Bhukhanwala and Nitish Madhukant Bhukhanwala.
Its last annual general meeting (AGM) was held on 15 April 2017, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹3.82 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹6.85 Cr (net margin -179.6%) and EBITDA of -₹6.24 Cr (EBITDA margin -163.7%).
The company has about 14 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹93.2 Cr and satisfied charges of ₹195.77 Cr on record. Court records list 60 cases involving the company, including 39 filed by the company and 21 filed against it; 4 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website indoceantools.in.
Company details
Contact details
Indocean Tools Private Limited's registered office is in Mumbai, Maharashtra. Its website is indoceantools.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No.B – 006 Grd Fl. Boolani Estate Owners Premises Co – Op. Society Ltd. Link Road, Andheri(W), Mumbai, Maharashtra, India – 400053
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Indocean Tools 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 Indocean Tools is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Indocean Tools Private Limited, buy the company report.
Financials of Indocean Tools Private Limited
FY 2016 filings availableIndocean Tools Private Limited reported revenue of ₹3.82 Cr (down 3% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year. EBITDA fell 954% 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 | ||
| Other Income | ||
| Total Revenue | ₹3.82 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹6.24 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹6.85 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 | -163.7% | |
| Net Profit Margin | -179.6% | |
| 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 Indocean Tools Private Limited, buy the company report.
Board of directors of Indocean Tools Private Limited
Indocean Tools 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 |
|---|---|---|---|---|
| Varun Nitish Bhukhanwala Also directs: Hifin Trading Co LLP | Director | 28 Oct 2015 | 10 Years 11 Months | Current |
| Nitish Madhukant Bhukhanwala Also directs: Planet Paper and Pulp Products Private Limited | Director | 20 Oct 1999 | 27 Years 0 Months | Current |
Auditor
Indocean Tools Private Limited is audited by T R SONI AND ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T R SONI AND ASSOCIATES | FY 2016 | 134213W |
Shareholding
The shareholding of Indocean Tools Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Indocean Tools Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2008 | 10260077 | Dbs Bank Limited | ₹5.4 Cr | Open | |
| 04 Apr 2002 | 90237490 | Others | ₹2 Cr | Open | |
| 24 May 2001 | 90232787 | Icici Ltd. | ₹40.7 Cr | Open | |
| 15 Feb 2001 | 90232781 | Icici Ltd. | ₹29.7 Cr | Open | |
| 12 Feb 2001 | 90237414 | Icici Ltd. | ₹5 Cr | Open |
To see the full charge records of Indocean Tools Private Limited, buy the company report.
Total charge records: 28 View all charges
Legal cases
Indocean Tools Private Limited has 60 court cases on record: 39 filed by Indocean Tools, 21 filed against it. 4 cases are pending and 56 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 46 | 18 | 4 |
| High courts | 14 | 3 | 0 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Meerut, Uttar Pradesh | Execution petition | Filed against the company by Bhattar Metals Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Sbi Global Factors Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against Sbi Global Factors Ltd | Disposed |
| District court, Meerut, Uttar Pradesh | Court case (Original Suit) | Filed against the company by Bhattar Metals Pvt. Ltd. and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Sbi Global Factors Ltd. | Disposed |
To see the full case history of Indocean Tools 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 Indocean Tools Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Indocean Tools has 2 subsidiary companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Bhukhanvala Power Tools Private Limited | U28930MH2005PTC152808 | |
| Bhukhanvala Power Tools Private Limited | U28930MH2005PTC152808 |
To see the full group structure of Indocean Tools Private Limited, buy the company report.
Employees & EPFO
Indocean Tools Private Limited has a workforce of 14 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Indocean Tools has 2 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 Indocean Tools Private Limited, buy the company report.
Recent activity
Indocean Tools Private Limited has 7 board changes on record since 1999: 2 appointments and 5 cessations. The latest: Suchit Nalinkant Katwala ceased to be Director on 03 Nov 2015.
68 earlier events are in the company report.
Frequently asked questions
Indocean Tools is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 02 September 1999 (27+ years old) and is registered under CIN U29299MH1999PTC121582.
Indocean Tools has 2 current directors:
- Varun Nitish Bhukhanwala - Director
- Nitish Madhukant Bhukhanwala - Director
The latest financial statements of Indocean Tools on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 15 April 2017. Year-wise statements from 2015 are in the company report.
No. Indocean Tools has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Indocean Tools is U29299MH1999PTC121582. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indocean Tools has 60 court cases on record: 39 filed by the company and 21 filed against it. 4 are pending. Most are in the district courts.
Indocean Tools was incorporated on 02 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Suchit Nalinkant Katwala ceased to be Director on 03 Nov 2015. Varun Nitish Bhukhanwala was appointed as Director on 28 Oct 2015. Sundaram Radhakrishnan ceased to be Whole-Time Director on 10 Sep 2010. Indocean Tools has 7 board changes on record in total.
Indocean Tools can be reached through the website indoceantools.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Indocean Tools is at Unit No.B – 006 Grd Fl. Boolani Estate Owners Premises Co – Op. Society Ltd. Link Road, AndheriW, Mumbai, Maharashtra, India – 400053.