About Miraj Dairy Private Limited
Data last updated:
Miraj Dairy Private Limited is a private limited company based in Kolhapur, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 01 July 2014.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74900PN2014PTC151661. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.91 Cr. It is led by directors Manesh Dhondiram Chavan and Dhondiram Bhimrao Chavan.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 606/1 Chaitanya Sankul 1st Lane Shahupuri, Kolhapur, Maharashtra, India – 416001.
As per the financials filed for FY 2017, the company reported a revenue of ₹61.83 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹56.6 Lakh (net margin 0.9%) and EBITDA of ₹2.9 Cr (EBITDA margin 4.7%).
As per MCA filings, the company has open charges of ₹14 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
The last known website on record is chavangroup.com.
Company details
Contact details
Miraj Dairy Private Limited's registered office is in Kolhapur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address606/1 Chaitanya Sankul 1st Lane Shahupuri, Kolhapur, Maharashtra, India – 416001
- IndustryFood and Beverages, Dairy Products & Milk Processing
To see the full contact details of Miraj Dairy 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 Miraj Dairy is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Miraj Dairy Private Limited, buy the company report.
Financials of Miraj Dairy Private Limited
FY 2017 filings availableMiraj Dairy Private Limited reported revenue of ₹61.83 Cr (up 16% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 16% in the latest year. EBITDA rose 166% in the latest 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 | ₹61.83 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹2.9 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹56.6 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 | 4.7% | ||
| Net Profit Margin | 0.9% | ||
| 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 Miraj Dairy Private Limited, buy the company report.
Board of directors of Miraj Dairy Private Limited
Miraj Dairy has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manesh Dhondiram Chavan Also directs: Pratibha Sugars Limited | Director | 01 Dec 2015 | 10 Years 11 Months | As last reported |
| Dhondiram Bhimrao Chavan Also directs: Pratibha Sugars Limited | Director | 19 Oct 2016 | 10 Years 0 Months | As last reported |
Peer comparison
Miraj Dairy Private Limited is compared with the 4 companies closest to it by revenue in the Food and Beverages industry (Dairy, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Farm2plate Dairy Produce Private Limited | ₹62.83 Cr (FY 2016) | New Delhi, Delhi, India | ||||
| Warana Dairy and Agro Industries Limited | ₹62.1 Cr (FY 2020) | -59.0% | Warananagar, Maharashtra, India | |||
| Miraj Dairy Private Limitedthis company | ₹61.83 Cr (FY 2017) | ₹56.6 Lakh | 0.9% | 16.0% | Kolhapur, Maharashtra, India | |
| Ravi Lalaji Dairy Private Limited | ₹60.78 Cr (FY 2025) | 51.0% | Debai, Uttar Pradesh, India | |||
| India Dairy Products Ltd. | ₹60.66 Cr (FY 2025) | 7.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Miraj Dairy Private Limited, buy the company report.
Auditor
Miraj Dairy Private Limited is audited by V P SHINDE & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V P SHINDE & ASSOCIATES | FY 2017 | 137337W |
Shareholding
The shareholding of Miraj Dairy Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Miraj Dairy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2016 | 100054871 | Others | ₹7 Cr | Open | |
| 31 Dec 2015 | 10615260 | Allahabad Bank | ₹7 Cr | Open |
To see the full charge records of Miraj Dairy Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Miraj Dairy Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Bank of India Through Manager Amitkumar Mahale | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by The Lakshmi Vilas Bank | Pending |
To see the full case history of Miraj Dairy 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 Miraj Dairy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Miraj Dairy 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 Miraj Dairy Private Limited, buy the company report.
Recent activity
Miraj Dairy Private Limited has 5 board changes on record since 2015: 2 appointments and 3 cessations. The latest: Dhondiram Bhimrao Chavan was appointed as Director on 19 Oct 2016.
Frequently asked questions
Miraj Dairy is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Miraj Dairy is a company under insolvency, formerly operating as a private limited company based in Kolhapur, Maharashtra, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 01 July 2014 and is registered under CIN U74900PN2014PTC151661. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Miraj Dairy has 2 current directors:
- Manesh Dhondiram Chavan - Director
- Dhondiram Bhimrao Chavan - Director
The latest financial statements of Miraj Dairy on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Miraj Dairy is U74900PN2014PTC151661. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Miraj Dairy has open charges of ₹14 Cr and no satisfied charges on record as per latest MCA filings.
Miraj Dairy has 2 court cases on record: 2 filed against it. 2 are pending.
Miraj Dairy was incorporated on 01 July 2014. It is registered with the Registrar of Companies, Pune.
The peers of Miraj Dairy by revenue are Farm2plate Dairy Produce Private Limited, Warana Dairy and Agro Industries Limited, Ravi Lalaji Dairy Private Limited, India Dairy Products Ltd, all in the Food and Beverages industry (Dairy, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).
Dhondiram Bhimrao Chavan was appointed as Director on 19 Oct 2016. Sachin Babasaheb Kadam ceased to be Director on 19 Oct 2016. Manesh Dhondiram Chavan ceased to be Additional Director on 18 Dec 2015. Miraj Dairy has 5 board changes on record in total.
Miraj Dairy can be reached through the website chavangroup.com. Its registered office is in Kolhapur, Maharashtra, India.
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