Maandeo Shipping & Logistics Private Limited
About Maandeo Shipping & Logistics Private Limited
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Maandeo Shipping & Logistics Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 09 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U63090AP2015PTC097511. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Srinivasa Reddy Bora (Managing Director) and Sridevi Bora.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at D.No.1 – 83 – 10/1 First Floor Hig – 98 Sector – 1 Mvp Double Road, Visakhapatnam, Andhra Pradesh, India – 530017.
As per the financials filed for FY 2018, the company reported a revenue of ₹39.4 Lakh, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹4.83 Cr and EBITDA of -₹26.8 Lakh (EBITDA margin -68%).
As per MCA filings, the company has open charges of ₹9.9 Cr on record. Court records list 31 cases involving the company, including 2 filed by the company and 29 filed against it; 27 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Maandeo Shipping & Logistics Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD.No.1 – 83 – 10/1 First Floor Hig – 98 Sector – 1 Mvp Double Road, Visakhapatnam, Andhra Pradesh, India – 530017
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Maandeo Shipping & Logistics 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 Maandeo Shipping & Logistics is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Maandeo Shipping & Logistics Private Limited, buy the company report.
Financials of Maandeo Shipping & Logistics Private Limited
FY 2018 filings availableMaandeo Shipping & Logistics Private Limited reported revenue of ₹39.4 Lakh (down 92% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 92% in the latest year. EBITDA fell 135% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹39.4 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹26.8 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹4.83 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 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -68% | ||
| Net Profit Margin | |||
| 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 Maandeo Shipping & Logistics Private Limited, buy the company report.
Board of directors of Maandeo Shipping & Logistics Private Limited
Maandeo Shipping & Logistics has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sridevi Bora | Director | 09 Oct 2015 | 11 Years 1 Months | Current |
| Srinivasa Reddy Bora Also directs: Maandeo Motors (India) Private Limited | Managing Director | 09 Oct 2015 | 11 Years 1 Months | Current |
Auditor
Maandeo Shipping & Logistics Private Limited is audited by SUDHAKAR & KUMAR ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDHAKAR & KUMAR ASSOCIATES | FY 2018 | 004165S |
Shareholding
The shareholding of Maandeo Shipping & Logistics Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Maandeo Shipping & Logistics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Nov 2015 | 10607288 | State Bank of India | ₹9.9 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Maandeo Shipping & Logistics Private Limited has 31 court cases on record: 2 filed by Maandeo Shipping & Logistics, 29 filed against it. 27 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 29 | 27 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Meerut, Uttar Pradesh | Criminal miscellaneous application | Filed against the company by Mahindra and Mahindra Financial Services Ltd | Pending |
| District court, Meerut, Uttar Pradesh | Criminal miscellaneous application | Filed against the company by Mahindra and Mahindra Financial Services Ltd | Pending |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed against the company by M/S Mahindra and Mahindra Financial Services Ltd., | Pending |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed against the company by M/S Mahindra and Mahindra Financial Services Ltd., | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Court case (T.R.CRLMP) | Filed by the company against M/S Mahindra and Mahindra Financial Service Ltd and Another and 1 other | Disposed |
To see the full case history of Maandeo Shipping & Logistics 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 Maandeo Shipping & Logistics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maandeo Shipping & Logistics has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Maandeo Shipping & Logistics Private Limited, buy the company report.
Recent activity
Maandeo Shipping & Logistics Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Sridevi Bora was appointed as Director on 09 Oct 2015.
Frequently asked questions
Maandeo Shipping & Logistics is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 09 October 2015 (11+ years old) and is registered under CIN U63090AP2015PTC097511.
Maandeo Shipping & Logistics has 2 current directors:
- Srinivasa Reddy Bora - Managing Director
- Sridevi Bora - Director
The latest financial statements of Maandeo Shipping & Logistics on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from FY 2016 are in the company report.
No. Maandeo Shipping & Logistics has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Maandeo Shipping & Logistics is U63090AP2015PTC097511. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maandeo Shipping & Logistics has 31 court cases on record: 2 filed by the company and 29 filed against it. 27 are pending. Most are in the district courts.
Maandeo Shipping & Logistics was incorporated on 09 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Vijayawada.
Sridevi Bora was appointed as Director on 09 Oct 2015. Srinivasa Reddy Bora was appointed as Managing Director on 09 Oct 2015. Srinivasa Reddy Bora ceased to be Director on 09 Oct 2015.
The registered office of Maandeo Shipping & Logistics is at D.No.1 – 83 – 101 First Floor Hig – 98 Sector – 1 Mvp Double Road, Visakhapatnam, Andhra Pradesh, India – 530017.
Maandeo Shipping & Logistics operates in the transport and logistics industry, in the integrated and diversified logistics services segment.
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