About Neo Corp International Limited
Data last updated:
Neo Corp International Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 15 February 1985.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24132MH1985PLC223220. Its GSTIN is 23AAACN6513A1Z7 (Madhya Pradesh). The company holds 6 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (523820) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹38.02 Cr. It was formerly known as Neo Sack Limited. It is led by directors including Sunil Kumar Trivedi (Managing Director) and Kiran Phulpagar.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2015, the company reported a revenue of ₹743.91 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹44.27 Cr (net margin 6%) and EBITDA of ₹131.31 Cr (EBITDA margin 17.7%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years.
Its group structure includes 6 subsidiaries.
The company is associated with 1 brand: Neo Corp International. As per MCA filings, the company has open charges of ₹694.05 Cr and satisfied charges of ₹98.03 Cr on record. Court records list 60 cases involving the company, including 10 filed by the company and 50 filed against it; 14 cases are pending. The company has 63 deals on record (62 market trades, 1 funding round); the latest was in December 2017.
The last known website on record is neocorp.co.in.
Company details
CIN history
Neo Corp International has one previous CIN (Corporate Identification Number): L24132MP1985PLC002755. The current CIN is L24132MH1985PLC223220, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24132MH1985PLC223220 | Current |
| L24132MP1985PLC002755 | Previous |
Contact details
Neo Corp International Limited's registered office is in Mumbai, Maharashtra. Its website is neocorp.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address220 Mahavir Industrial Estate Opposite Mahakali Caves Road Andheri (E, ), Mumbai, Maharashtra, India – 400093
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Neo Corp International 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
Neo Corp International operates one associated brand: Neo Corp International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-platform news, promotion, and business consulting services focused on strategy and operations. | neocorp.co.in |
Business activity
The main business activity of Neo Corp International 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 Neo Corp International Limited, buy the company report.
Financials of Neo Corp International Limited
FY 2016 filings availableNeo Corp International Limited reported revenue of ₹743.91 Cr (up 38% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 46% over three years, including 38% growth in the latest year. EBITDA rose 35% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹743.91 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹131.31 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹44.27 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 17.7% |
| Net Profit Margin | 6% |
| 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 Neo Corp International Limited, buy the company report.
Board of directors of Neo Corp International Limited
Neo Corp International has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Phulpagar Also directs: Prism Flexible Solutions Private Limited | Director | 13 Aug 2016 | 10 Years 2 Months | As last reported |
| Utkarsh Trivedi | Director | 22 Apr 2013 | 13 Years 6 Months | As last reported |
| Sunil Kumar Trivedi | Managing Director | 01 Sep 2007 | 19 Years 1 Months | As last reported |
| Rolland Coderre | Director | 30 Jun 2009 | 17 Years 4 Months | As last reported |
Auditor
Neo Corp International Limited is audited by A P GARG & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A P GARG & CO | FY 2015 | 002143C |
Shareholding
The shareholding of Neo Corp International Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Neo Corp International Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jul 2015 | 10583471 | State Bank of Travancore | ₹5.1 Cr | Open | |
| 19 Jun 2015 | 10590668 | Punjab National Bank | ₹19.2 Lakh | Open | |
| 27 Jan 2015 | 10550971 | Punjab National Bank | ₹10 Cr | Open | |
| 15 Jan 2015 | 10546185 | Idbi Bank Limited | ₹9.65 Cr | Open | |
| 23 Dec 2014 | 10537833 | State Bank of India | ₹6.5 Cr | Open |
To see the full charge records of Neo Corp International Limited, buy the company report.
Total charge records: 47 View all charges
Deals & funding
Neo Corp International Limited has 63 deals on record (62 market trades, 1 funding round); the latest was in December 2017.
Deals on record (5 of 63)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Market trade | ₹36.9 Lakh | Buyer: V L S Finance Limited Seller: VLS Capital Limited |
| Feb 2016 | Market trade | ₹28.1 Lakh | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
| Mar 2015 | Market trade | ₹74 Lakh | Buyer: Quant Capital Holdings Private Limited |
| May 2014 | Market trade | ₹39.2 Lakh | Buyer: V L S Finance Limited |
| Dec 2013 | Market trade | ₹32 Lakh | Buyer: VRR Financial Services Private Limited |
To see the full deal history of Neo Corp International Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Neo Corp International Limited has 60 court cases on record: 10 filed by Neo Corp International, 50 filed against it. 14 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 47 | 43 | 14 |
| High courts | 8 | 4 | 0 |
| Supreme Court | 5 | 3 | 0 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Ampacet Speciality Products Pvt. Ltd. Through Tejas Shah | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Aramex India Private Limited Through Its Authorized Representative Shraddha Ashok Chavan | Pending |
| District court, Indore, Madhya Pradesh | Court case (UN CIV) | Filed against the company by Cholamandalam Investment and Finance Company Ltd. Through Mangesh A. Limye | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Yash Polychem Pvt. Ltd. Its Authorized Signatory Mr. Jitendra Shantilal Shah | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Shree Jagdamba Polymers Limited | Disposed |
To see the full case history of Neo Corp International 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
Neo Corp International Limited was last rated by Brickwork on 09 Nov 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 09 Nov 2018 |
To see the full credit ratings and regulatory alerts of Neo Corp International Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Neo Corp International Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Neo Corp International has 6 subsidiary companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sacos Indigo Private Limited | U24222MH1985PTC214671 | |
| Sacos Indigo Private Limited | U24222MH1985PTC214671 | |
| Poly Logic International Private Limited | U25209MH2011PTC225071 | |
| Poly Logic International Private Limited | U25209MH2011PTC225071 | |
| Neoflex Infracon Limited | U70102MP1989PLC005301 | |
| Neoflex Infracon Limited | U70102MP1989PLC005301 |
To see the full group structure of Neo Corp International Limited, buy the company report.
Employees & EPFO
Neo Corp International Limited has 1 active EPFO establishment as of Mar 22, 2024.
GST
Neo Corp International has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACN6513A1Z7 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neo Corp International Limited, buy the company report.
Recent activity
Neo Corp International Limited has 24 board changes on record since 1985: 14 appointments and 10 cessations. The latest: Ladharam Patel ceased to be Director on 27 Aug 2018.
90 earlier events are in the company report.
Frequently asked questions
Neo Corp International is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Neo Corp International is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 15 February 1985 and is registered under CIN L24132MH1985PLC223220. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Neo Corp International has 4 current directors:
- Sunil Kumar Trivedi - Managing Director
- Kiran Phulpagar - Director
- Utkarsh Trivedi - Director
- Rolland Coderre - Director
The latest financial statements of Neo Corp International on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Neo Corp International is L24132MH1985PLC223220. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neo Corp International is recorded as a listed company by MCA, but trading in its shares on BSE (523820) has been suspended, so they do not currently trade on a stock exchange.
Neo Corp International has open charges of ₹694.05 Cr and satisfied charges of ₹98.03 Cr as per latest MCA filings.
Neo Corp International has 60 court cases on record: 10 filed by the company and 50 filed against it. 14 are pending. Most are in the district courts.
Neo Corp International was incorporated on 15 February 1985. It is registered with the Registrar of Companies, Mumbai.
Neo Corp International has 63 deals on record (62 market trades, 1 funding round); the latest was in December 2017.
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