Micro Chemtech Private Limited
About Micro Chemtech Private Limited
Data last updated:
Micro Chemtech Private Limited was a private limited company based in Panoli, Gujarat, India, operated as a subsidiary of Gujarat Agrochem Private 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 chemicals segment of the chemicals and materials sector. It was incorporated on 28 September 2007.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24110GJ2007PTC051846. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It was led by directors including Venkatachalam Kailasam and Adesh Kumar Daga.
Its last annual general meeting (AGM) was held on 26 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Plot No. 2901 To 2906 GIDC Tal. Ankleshwar, Panoli, Gujarat, India – 394116.
As per the financials filed for FY 2017, the company reported a revenue of ₹58,033, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹86.26 Lakh and EBITDA of -₹8.89 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 89% over three years.
As per MCA filings, the company had satisfied charges of ₹2 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it.
Company details
Contact details
Micro Chemtech Private Limited's registered office is in Panoli, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No. 2901 To 2906 GIDC Tal. Ankleshwar, Panoli, Gujarat, India – 394116
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Micro Chemtech 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 Micro Chemtech is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Micro Chemtech Private Limited, buy the company report.
Financials of Micro Chemtech Private Limited
FY 2017 filings availableMicro Chemtech Private Limited reported revenue of ₹58,033 (down 99% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 89% over three years, including a 99% fall in the latest year. EBITDA fell 121% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹58,033 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹8.89 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹86.26 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| 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 Micro Chemtech Private Limited, buy the company report.
Board of directors of Micro Chemtech Private Limited
Micro Chemtech has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatachalam Kailasam Also directs: Tagros Chemicals India Private Limited, Arqivo Crop Solutions Private Limited, Spar Real Estate Private Limited and 1 more | Additional Director | 25 May 2015 | 11 Years 5 Months | As last reported |
| Adesh Kumar Daga | Additional Director | 25 May 2015 | 11 Years 5 Months | As last reported |
| Abhimanyu Jhaver Also directs: Spar Real Estate LLP, Tagros Chemicals India Private Limited, AA Developers and Agencies LLP and 1 more | Additional Director | 25 May 2015 | 11 Years 5 Months | As last reported |
| Parikshith Jhaver | Additional Director | 25 May 2015 | 11 Years 5 Months | As last reported |
| Sunish Kuttappan Nair Also directs: Tagros Chemicals India Private Limited | Additional Director | 25 May 2015 | 11 Years 5 Months | As last reported |
Peer comparison
Micro Chemtech Private Limited is compared with the 4 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chinnamile Organic Industries Private Limited | ₹60,500 (FY 2021) | 39.0% | Hyderabad, Telangana, India | |||
| Kailash Chemicals Private Limited | ₹60,000 (FY 2024) | 20.0% | Moradabad, Uttar Pradesh, India | |||
| Jageshwar Petro Products Private Limited | ₹59,163 (FY 2024) | 91.0% | Uttar Pradesh, India | |||
| Micro Chemtech Private Limitedthis company | ₹58,033 (FY 2017) | -₹86.26 Lakh | -99.0% | Panoli, Gujarat, India | ||
| Ravi Jyoti Chemicals Private Limited | ₹57,742 (FY 2020) | -89.0% | Punjab, India |
To see the full peer comparison of Micro Chemtech Private Limited, buy the company report.
Auditor
Micro Chemtech Private Limited is audited by RAHULDEO & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAHULDEO & CO. | FY 2017 | 116167W |
Shareholding
The shareholding of Micro Chemtech Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Micro Chemtech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Mar 2010 | 10204880 | Axis Bank Limited | ₹1 Cr | Satisfied | |
| 04 Mar 2010 | 10204927 | Axis Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Micro Chemtech Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Micro Chemtech Private Limited has 4 court cases on record: 2 filed by Micro Chemtech, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by Ms. Ketul Chem Pvt Ltd | Disposed |
| High Court, GUJARAT | Commercial suit | Filed by the company | Disposed |
| High Court of Gujarat | Court case (COMP) | Filed by the company | Disposed |
To see the full case history of Micro Chemtech 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 Micro Chemtech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Micro Chemtech 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 Micro Chemtech Private Limited, buy the company report.
Recent activity
Micro Chemtech Private Limited has 11 board changes on record since 2008: 5 appointments and 6 cessations. The latest: Abhimanyu Jhaver was appointed as Additional Director on 25 May 2015.
6 earlier events are in the company report.
Frequently asked questions
Micro Chemtech 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.
Micro Chemtech was a private limited company based in Panoli, Gujarat, India. The company worked in industrial chemicals, within the chemicals and materials industry. It was incorporated on 28 September 2007 and is registered under CIN U24110GJ2007PTC051846. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Micro Chemtech was incorporated on 28 September 2007. It is registered with the Registrar of Companies, Ahmedabad.
Micro Chemtech had 5 directors:
- Venkatachalam Kailasam - Additional Director
- Adesh Kumar Daga - Additional Director
- Abhimanyu Jhaver - Additional Director
- Parikshith Jhaver - Additional Director
- Sunish Kuttappan Nair - Additional Director
The CIN (Corporate Identification Number) of Micro Chemtech is U24110GJ2007PTC051846. 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 Micro Chemtech is at Plot No. 2901 To 2906 GIDC Tal. Ankleshwar, Panoli, Gujarat, India – 394116.
The latest financial statements of Micro Chemtech on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 26 August 2017. Year-wise statements from 2015 are in the company report.
No. Micro Chemtech has 2 GST registrations on record and all of them are cancelled or inactive.
Micro Chemtech operated in the chemicals and materials industry, in the industrial chemicals segment.
The peers of Micro Chemtech by revenue are Chinnamile Organic Industries Private Limited, Kailash Chemicals Private Limited, Jageshwar Petro Products Private Limited, Ravi Jyoti Chemicals Private Limited, all in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Micro Chemtech has 4 court cases on record: 2 filed by the company and 2 filed against it. Most are in the district courts.