About Ip Pins & Liners Limited
Data last updated:
Ip Pins & Liners Limited was a public limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of India Pistons 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 industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 30 October 1985.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U35990TN1985PLC012333. Its GSTIN is 33AAACI0878F2ZS (Tamil Nadu). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.33 Cr. It was formerly known as Southern Pins & Products Pvt Ltd and Southern Pins & Products Ltd. It was led by directors including Venkataramani Anantharamakrishnan and Mahadevan.
Its last annual general meeting (AGM) was held on 14 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Huzur Gardens Sembium, Chennai, Tamil Nadu, India – 600011.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.61 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹1.39 Cr (net margin 86.5%) and EBITDA of ₹1.49 Cr (EBITDA margin 92.7%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 39% over five years.
As per MCA filings, the company had satisfied charges of ₹30.32 Cr on record. Court records list 12 cases involving the company, including 8 filed by the company and 4 filed against it; 2 cases are pending. The company has 6 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹2 Cr; the latest was in August 2016.
The last known website on record is indiapistons.com.
Company details
Name history
Ip Pins & Liners has undergone 2 name changes throughout its history. The company was previously known as Southern Pins & Products Pvt Ltd, and Southern Pins & Products Ltd. The current legal name is Ip Pins & Liners Limited.
| Company Name | Status |
|---|---|
| Ip Pins & Liners Limited | Current |
| Southern Pins & Products Pvt Ltd | Previous |
| Southern Pins & Products Ltd | Previous |
Contact details
Ip Pins & Liners Limited's registered office is in Chennai, Tamil Nadu. Its website is indiapistons.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressHuzur Gardens Sembium, Chennai, Tamil Nadu, India – 600011
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Ip Pins & Liners 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 Ip Pins & Liners is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ip Pins & Liners Limited, buy the company report.
Financials of Ip Pins & Liners Limited
FY 2020 filings availableIp Pins & Liners Limited reported revenue of ₹1.61 Cr (up 15% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 39%. EBITDA rose 219% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹1.61 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.39 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 92.7% | ||||
| Net Profit Margin | 86.5% | ||||
| 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 Ip Pins & Liners Limited, buy the company report.
Board of directors of Ip Pins & Liners Limited
Ip Pins & Liners has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkataramani Anantharamakrishnan | Director | 10 Jul 1999 | 27 Years 3 Months | As last reported |
| Mahadevan Also directs: Hysim Private Limited, Amalgamations Valeo Clutch Private Limited, Amco Batteries Limited and 1 more | Director | 30 Oct 1985 | 40 Years 11 Months | As last reported |
| Ranganathan Mukundan | Director | 27 Jan 2012 | 14 Years 9 Months | As last reported |
| Gautam Venkataramani Also directs: India Pistons Limited, Ipl Shaw Solutions Private Limited, Adyar Property Holding Company Private Limited and 3 more | Director | 27 Jan 2012 | 14 Years 9 Months | As last reported |
Auditor
Ip Pins & Liners Limited is audited by R G N PRICE & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R G N PRICE & CO | FY 2020 | 002785S |
Shareholding
The shareholding of Ip Pins & Liners 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 Ip Pins & Liners Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Oct 2017 | 100177948 | Tata Capital Financial Services Limited | ₹11.5 Cr | Satisfied | |
| 05 Sep 2011 | 10309028 | The Karur Vysya Bank Limited | ₹2.5 Cr | Satisfied | |
| 04 Jul 2008 | 10118844 | Indian Overseas Bank | ₹2.5 Cr | Satisfied | |
| 04 Mar 2005 | 90306793 | Sundaram Finance Ltd. | ₹5.02 Lakh | Satisfied | |
| 27 Jun 2003 | 90307982 | Standard Chartered Bank | ₹15 Lakh | Satisfied |
To see the full charge records of Ip Pins & Liners Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Ip Pins & Liners Limited has 6 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹2 Cr; the latest was in August 2016.
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: Gautam Venkataramani & India Pistons Ltd, R Mukundan & India Pistons Ltd, India Pistons Limited Seller: Simpson & General Finance Company Limited , George Oakes Limited , 2 individuals |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: R Mukundan & India Pistons Ltd, K V Shetty & India Pistons Ltd |
| Aug 2011 | Rights issue | ₹1.5 Cr | Investors: India Pistons Limited , George Oakes Limited , Simpson & General Finance Company Limited |
| Mar 2007 | Funding round | ₹2 Cr | Investors: India Pistons Limited , George Oakes Limited , Simpson & General Finance Company Limited |
To see the full deal history of Ip Pins & Liners Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ip Pins & Liners Limited has 12 court cases on record: 8 filed by Ip Pins & Liners, 4 filed against it. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 1 | 0 |
| NCLAT | 3 | 3 | 2 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Court case (TA (AT)) | Filed against the company by an individual | Pending |
| NCLAT, Court III | Tribunal matter | Filed against the company by an individual | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The State of Tax Officer | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The State of Tax Officer | Disposed |
To see the full case history of Ip Pins & Liners 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 Ip Pins & Liners Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ip Pins & Liners has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACI0878F2ZS | Tamil Nadu | Active | 15 Feb 2018 |
To see the full GST registrations and return filing status of Ip Pins & Liners Limited, buy the company report.
Recent activity
Ip Pins & Liners Limited has 9 board changes on record since 1985: 4 appointments and 5 cessations. The latest: Narayanaswami Venkataramani ceased to be Director on 19 Mar 2015.
23 earlier events are in the company report.
Frequently asked questions
Ip Pins & Liners 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.
Ip Pins & Liners was a public limited company based in Chennai, Tamil Nadu, India. The company worked in industrial tools and components, within the machinery and equipment industry. It was incorporated on 30 October 1985 and is registered under CIN U35990TN1985PLC012333. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ip Pins & Liners was incorporated on 30 October 1985. It is registered with the Registrar of Companies, Chennai.
Ip Pins & Liners had 4 directors:
- Venkataramani Anantharamakrishnan - Director
- Mahadevan - Director
- Ranganathan Mukundan - Director
- Gautam Venkataramani - Director
The CIN (Corporate Identification Number) of Ip Pins & Liners is U35990TN1985PLC012333. 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 Ip Pins & Liners is at Huzur Gardens Sembium, Chennai, Tamil Nadu, India – 600011.
Ip Pins & Liners can be reached through the website indiapistons.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Ip Pins & Liners on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 14 September 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Ip Pins & Liners is 33AAACI0878F2ZS, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Ip Pins & Liners operated in the machinery and equipment industry, in the industrial tools and components segment.