Maheshwari Chains Private Limited
About Maheshwari Chains Private Limited
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Maheshwari Chains Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the crockery and kitchenware manufacturing segment of the home and lifestyle products sector. It was incorporated on 01 May 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH1998PTC114735. Its GSTIN is 27AABCM4907G1ZL (Maharashtra).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹29 Lakh. It is led by directors including Anju Rameshchandra Maheshwari and Rameshchand Ramanlal Maheshwari.
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 7 – D 303 Alica Nagar Lokhandwala Complex Kandivli (E), Mumbai, Maharashtra, India – 400101.
As per the financials filed for FY 2018, the company reported a revenue of ₹43.31 Lakh, a decline of 78% compared to the previous year. For the same year it recorded a net profit of ₹1.23 Lakh (net margin 2.8%) and EBITDA of ₹16.18 Lakh (EBITDA margin 37.4%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years.
As per MCA filings, the company has open charges of ₹1.7 Cr and satisfied charges of ₹3 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Maheshwari Chains Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address7 – D 303 Alica Nagar Lokhandwala Complex Kandivli (E), Mumbai, Maharashtra, India – 400101
- IndustryHome & Lifestyle, Crockery & Kitchenware Manufacturing
To see the full contact details of Maheshwari Chains 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 Maheshwari Chains 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 Maheshwari Chains Private Limited, buy the company report.
Financials of Maheshwari Chains Private Limited
FY 2018 filings availableMaheshwari Chains Private Limited reported revenue of ₹43.31 Lakh (down 78% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over three years, including a 78% fall in the latest year. EBITDA rose 722% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹43.31 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹16.18 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.23 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 37.4% | |||
| Net Profit Margin | 2.8% | |||
| 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 Maheshwari Chains Private Limited, buy the company report.
Board of directors of Maheshwari Chains Private Limited
Maheshwari Chains has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anju Rameshchandra Maheshwari | Director | 01 May 1998 | 28 Years 6 Months | Current |
| Rameshchand Ramanlal Maheshwari | Director | 14 Aug 2001 | 25 Years 2 Months | Current |
| Sanjay Ramesh Maheshwari | Director | 01 May 1998 | 28 Years 6 Months | Current |
Peer comparison
Maheshwari Chains Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Crockery and Utensils Manufacturers, Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| C G International Private Limited | ₹44.34 Lakh (FY 2019) | 109.0% | Mumbai, Maharashtra, India | |||
| Rampur Cutlery Centre Private Limited | ₹44.17 Lakh (FY 2022) | -16.0% | Moradabad, Uttar Pradesh, India | |||
| Goel Jewelery & Mart Private Limited | ₹43.47 Lakh (FY 2019) | -91.0% | New Delhi, Delhi, India | |||
| Maheshwari Chains Private Limitedthis company | ₹43.31 Lakh (FY 2018) | ₹1.23 Lakh | 2.8% | -78.0% | Mumbai, Maharashtra, India | |
| Prahar Jewellery Impex Pvt Ltd | ₹42.89 Lakh (FY 2024) | -53.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Maheshwari Chains Private Limited, buy the company report.
Auditor
Maheshwari Chains Private Limited is audited by D R MEHTA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D R MEHTA & CO | FY 2018 | 106208W |
Shareholding
The shareholding of Maheshwari Chains 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 Maheshwari Chains Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Oct 2004 | 90146755 | State Bank of India | ₹20 Lakh | Open | |
| 31 Jul 2002 | 80044850 | State Bank of India | ₹1.5 Cr | Open | |
| 03 Oct 2011 | 10314521 | Mahesh Sahakari Bank Ltd. Pune | ₹1 Cr | Satisfied | |
| 31 May 2010 | 10228338 | Hdfc Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Maheshwari Chains Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Maheshwari Chains Private Limited has 6 court cases on record: 1 filed by Maheshwari Chains, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 5 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (APP) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (APP) | Filed against the company by an individual | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by an individual | Disposed |
To see the full case history of Maheshwari Chains 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 Maheshwari Chains Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maheshwari Chains has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM4907G1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maheshwari Chains Private Limited, buy the company report.
Recent activity
Maheshwari Chains Private Limited has 3 board changes on record since 1998: 3 appointments. The latest: Rameshchand Ramanlal Maheshwari was appointed as Director on 14 Aug 2001.
2 earlier events are in the company report.
Frequently asked questions
Maheshwari Chains is an active private limited company based in Mumbai, Maharashtra, India. The company works in crockery and kitchenware manufacturing, within the home and lifestyle industry. It was incorporated on 01 May 1998 (28+ years old) and is registered under CIN U36911MH1998PTC114735.
Maheshwari Chains has 3 current directors:
- Anju Rameshchandra Maheshwari - Director
- Rameshchand Ramanlal Maheshwari - Director
- Sanjay Ramesh Maheshwari - Director
The latest financial statements of Maheshwari Chains 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 2015 are in the company report.
The GSTIN of Maheshwari Chains is 27AABCM4907G1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Maheshwari Chains is U36911MH1998PTC114735. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maheshwari Chains has 6 court cases on record: 1 filed by the company and 5 filed against it.
Maheshwari Chains was incorporated on 01 May 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Maheshwari Chains by revenue are C G International Private Limited, Rampur Cutlery Centre Private Limited, Goel Jewelery & Mart Private Limited, Prahar Jewellery Impex Pvt Ltd, all in the Consumer Products industry (Crockery and Utensils Manufacturers, Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Rameshchand Ramanlal Maheshwari was appointed as Director on 14 Aug 2001. Anju Rameshchandra Maheshwari was appointed as Director on 01 May 1998. Sanjay Ramesh Maheshwari was appointed as Director on 01 May 1998.
The registered office of Maheshwari Chains is at 7 – D 303 Alica Nagar Lokhandwala Complex Kandivli E, Mumbai, Maharashtra, India – 400101.
Maheshwari Chains operates in the home and lifestyle industry, in the crockery and kitchenware manufacturing segment.
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