About Milk Specialities Limited
Data last updated:
Milk Specialities Limited is a public limited company based in Patiala, Punjab, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 09 September 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L15209PB1991PLC011622. The company has 5 GST registrations on record, none of which is active. It is recorded as listed by MCA, but trading in its shares on BSE (519403) has been suspended since 07 Jan 2002 · penal reasons, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹8.95 Cr. It is led by directors including Jagjeet Singh (Managing Director) and Sukhvinder Kaur (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office is at Village Ghollumajrap O Dappar Dera Bassi Distt Patiala, Punjab, India.
As per MCA filings, the company has open charges of ₹53.24 Cr and satisfied charges of ₹5 Cr on record. Court records list 70 cases involving the company, including 48 filed by the company and 22 filed against it; 2 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 milktimeindia.com.
Company details
Contact details
Milk Specialities Limited's registered office is in Patiala, Punjab.
- Registered AddressVillage Ghollumajrap O Dappar Dera Bassi Distt Patiala, Punjab, India
- IndustryFood and Beverages, Dairy Products & Milk Processing
- 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
Financials of Milk Specialities Limited
FY 2014 filings availableFinancial Statement Summary
| Metrics | FY 2013-14 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | |
| 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 2013-14 |
|---|---|
| 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 Milk Specialities Limited, buy the company report.
Board of directors of Milk Specialities Limited
Milk Specialities has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sukhvinder Kaur | Whole-Time Director | 10 May 2001 | 25 Years 5 Months | Current |
| Charan Singh Also directs: Canon Marketing Private Limited | Whole-Time Director | 09 Sep 1991 | 35 Years 1 Months | Current |
| Inderjit Singh Dua | Director | 08 Jan 2007 | 19 Years 9 Months | Current |
| Jagjeet Singh | Managing Director | 15 Nov 2009 | 16 Years 11 Months | Current |
| Abhay Pal Gupta Also directs: Datt Steels Limited, Ranbro Brakes India Limited | Nominee Director | 04 Nov 2013 | 12 Years 11 Months | Current |
| Jagat Jit Singh | Nominee Director | 30 Jun 2011 | 15 Years 3 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2005 | 80013540 | United Bank of India | ₹2.94 Cr | Open | |
| 30 Jan 1995 | 80013543 | Punjab and Sind Bank | ₹4 Cr | Open | |
| 30 Jan 1995 | 80013544 | United Bank of India | ₹46 Cr | Open | |
| 19 Dec 1994 | 80013539 | Punjab State Industrial Development Corporation Limited | ₹30 Lakh | Open | |
| 06 Sep 2008 | 10125633 | Punjab and Sind Bank | ₹5 Cr | Satisfied |
To see the full charge records of Milk Specialities Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Milk Specialities Limited has 70 court cases on record: 48 filed by Milk Specialities, 22 filed against it. 2 cases are pending and 68 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 17 | 2 |
| High courts | 21 | 4 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 70)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Civil miscellaneous application | Filed by the company against M/S Kapsons Infosoft Pvt Ltd | Disposed |
| District court, Mohali, Punjab | Appeal | Filed against the company by an individual | Pending |
| District court, Dhanbad, Jharkhand | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Solan, Himachal Pradesh | Execution petition | Filed against the company by M/S Edelmann Packaging | Disposed |
| District court, Chandigarh | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Milk Specialities 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 Milk Specialities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Milk Specialities has 5 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 Milk Specialities Limited, buy the company report.
Recent activity
Milk Specialities Limited has 28 board changes on record since 1991: 17 appointments and 11 cessations. The latest: Bhupinder Singh ceased to be Director on 18 Mar 2015.
28 earlier events are in the company report.
Frequently asked questions
Milk Specialities is an active public limited company based in Patiala, Punjab, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 09 September 1991 (35+ years old) and is registered under CIN L15209PB1991PLC011622.
Milk Specialities has 6 current directors:
- Jagjeet Singh - Managing Director
- Sukhvinder Kaur - Whole-Time Director
- Charan Singh - Whole-Time Director
- Inderjit Singh Dua - Director
- Abhay Pal Gupta - Nominee Director
- Jagat Jit Singh - Nominee Director
The latest financial statements of Milk Specialities on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 30 September 2014. Year-wise statements from 2015 are in the company report.
No. Milk Specialities has 5 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Milk Specialities is L15209PB1991PLC011622. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milk Specialities is recorded as a listed company by MCA, but trading in its shares on BSE (519403) has been suspended since 07 Jan 2002 · penal reasons, so they do not currently trade on a stock exchange.
Milk Specialities has 70 court cases on record: 48 filed by the company and 22 filed against it. 2 are pending. Most are in the district courts.
Milk Specialities was incorporated on 09 September 1991, making it 35+ years old. It is registered with the Registrar of Companies, Chandigarh.
Bhupinder Singh ceased to be Director on 18 Mar 2015. Ajay Kumar Mahajan ceased to be Nominee Director on 25 Aug 2014. Ashok Kumar Sharma ceased to be Additional Director on 25 Aug 2014. Milk Specialities has 28 board changes on record in total.
Milk Specialities can be reached through the website milktimeindia.com. Its registered office is in Patiala, Punjab, India.