About Marpol Private Limited
Data last updated:
Marpol Private Limited was a private limited company based in South Goa, Goa, India, operated as a subsidiary of Kansai Nerolac Paints 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 dyes and pigments segment of the chemicals and materials sector. It was incorporated on 05 April 1983.
The company was registered with the Registrar of Companies (ROC), Goa, under CIN U24222GA1983PTC000532. Its GSTIN is 33AACCM2018D1Z7 (Tamil Nadu). The company held 9 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Marpol Chemicals Private Limited and Marpol Chemicals Limited. It was led by directors including Rohit Ramchandra Poi Panandiker (Managing Director) and Gomatam Thirumalai Govindarajan.
Its last annual general meeting (AGM) was held on 30 August 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at O Market, Goa.
As per the financials filed for FY 2021, the company reported a revenue of ₹58.01 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹2.63 Cr (net margin 4.5%) and EBITDA of ₹5.67 Cr (EBITDA margin 9.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over five years.
The company had about 74 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Marpol Ind. As per MCA filings, the company had satisfied charges of ₹96.43 Cr on record. Court records list 128 cases involving the company, including 92 filed by the company and 36 filed against it. The company has 2 deals on record (2 secondary share transfers); the latest was in April 2018.
The last known website on record is marpolind.com.
Company details
Name history
Marpol has undergone 2 name changes throughout its history. The company was previously known as Marpol Chemicals Private Limited, and Marpol Chemicals Limited. The current legal name is Marpol Private Limited.
| Company Name | Status |
|---|---|
| Marpol Private Limited | Current |
| Marpol Chemicals Private Limited | Previous |
| Marpol Chemicals Limited | Previous |
CIN history
Marpol has one previous CIN (Corporate Identification Number): U24222GA1983PLC000532. The current CIN is U24222GA1983PTC000532, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24222GA1983PTC000532 | Current |
| U24222GA1983PLC000532 | Previous |
Contact details
Marpol Private Limited's registered office is in South Goa, Goa. Its website is marpolind.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPanandiker Chambers 1st Floor M.L Furtado Road Above Icici Bank Margao Salcete Marga, O Market, South Goa, Goa, India – 403601
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Marpol 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
Brands
Marpol operates one associated brand: Marpol Ind. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Powder coatings are manufactured by Marpol in India since 1983. | marpolind.com |
Business activity
The main business activity of Marpol 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 Marpol Private Limited, buy the company report.
Financials of Marpol Private Limited
FY 2021 filings availableMarpol Private Limited reported revenue of ₹58.01 Cr (down 2% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 2% fall in the latest year. EBITDA fell 1% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹58.01 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.63 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.8% | ||||
| Net Profit Margin | 4.5% | ||||
| 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 Marpol Private Limited, buy the company report.
Board of directors of Marpol Private Limited
Marpol has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gomatam Thirumalai Govindarajan | Director | 07 Apr 2018 | 8 Years 6 Months | As last reported |
| Rohit Ramchandra Poi Panandiker | Managing Director | 24 Sep 2010 | 16 Years 1 Months | As last reported |
| Prashant Devidas Pai | Director | 20 Apr 2018 | 8 Years 6 Months | As last reported |
Auditor
Marpol Private Limited is audited by Ganesh Daivajna & Co for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ganesh Daivajna & Co | FY 2021 | 103054W |
Shareholding
The shareholding of Marpol Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Marpol Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2014 | 10493485 | The Goa Urban Co-Operative Bank Ltd. | ₹2.5 Cr | Satisfied | |
| 28 Mar 2013 | 10421743 | The Goa Urban Co-Operative Bank Limited | ₹2 Cr | Satisfied | |
| 05 Mar 2011 | 10297464 | The Goa Urban Co-Operative Bank Limited | ₹2.5 Cr | Satisfied | |
| 30 Dec 2009 | 10199271 | Canara Bank | ₹5.2 Lakh | Satisfied | |
| 13 Dec 2007 | 10093452 | Canara Bank | ₹19.64 Cr | Satisfied |
To see the full charge records of Marpol Private Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Marpol Private Limited has 2 deals on record (2 secondary share transfers); the latest was in April 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: Kansai Nerolac Paints Limited & Prashant D Pai, Kansai Nerolac Paints Limited Seller: 4 individuals |
| Feb 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Marpol Private Limited has 128 court cases on record: 92 filed by Marpol, 36 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 83 | 4 | 0 |
| High courts | 41 | 29 | 0 |
| Supreme Court | 4 | 3 | 0 |
Cases on record (5 of 128)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Goa, Goa | Civil suit | Filed by the company against Win Tech Coats Private Limited | Disposed |
| District court, South Goa, Goa | Court case (REXA) | Filed by the company against Fedders Lloyd Corporation Limited | Disposed |
| District court, South Goa, Goa | Court case (REXA) | Filed by the company against Veevaa Toolls Private Limited | Disposed |
| District court, South Goa, Goa | Civil suit | Filed by the company against Universal Construction Machinery and Equipment Limited | Disposed |
| District court, South Goa, Goa | Civil suit | Filed by the company against Pristine Switchgears India Private Limited | Disposed |
To see the full case history of Marpol 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.
Credit ratings & regulatory alerts
Marpol Private Limited was last rated by Icra on 29 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Sep 2020 |
To see the full credit ratings and regulatory alerts of Marpol Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Marpol Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Marpol Private Limited has a workforce of 74 employees on its EPFO records as of Apr 10, 2024, across 2 active EPFO establishments.
GST
Marpol has 9 GST registrations: 1 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCM2018D1Z7 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Marpol Private Limited, buy the company report.
Recent activity
Marpol Private Limited has 18 board changes on record since 2010: 3 appointments and 15 cessations. The latest: Gomatam Thirumalai Govindarajan ceased to be Additional Director on 20 Sep 2018.
72 earlier events are in the company report.
Frequently asked questions
Marpol 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.
Marpol was a private limited company based in South Goa, Goa, India. The company worked in dyes and pigments, within the chemicals and materials industry. It was incorporated on 05 April 1983 and is registered under CIN U24222GA1983PTC000532. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Marpol was incorporated on 05 April 1983. It is registered with the Registrar of Companies, Goa.
Marpol had 3 directors:
- Rohit Ramchandra Poi Panandiker - Managing Director
- Gomatam Thirumalai Govindarajan - Director
- Prashant Devidas Pai - Director
The CIN (Corporate Identification Number) of Marpol is U24222GA1983PTC000532. 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 Marpol is at Panandiker Chambers 1st Floor M.L Furtado Road Above Icici Bank Margao Salcete Marga, O Market, South Goa, Goa, India – 403601.
Marpol can be reached through the website marpolind.com. Its registered office is in South Goa, Goa, India.
The latest financial statements of Marpol on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 August 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Marpol is 33AACCM2018D1Z7, registered in Tamil Nadu. The company has 9 GST registrations in all, of which 1 is active and 8 are cancelled or inactive.
Marpol operated in the chemicals and materials industry, in the dyes and pigments segment.