About Samshi Pipe Industries Limited
Data last updated:
Samshi Pipe Industries Limited is a public limited company based in Vadodara, Gujarat, 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 pipe and tubes segment of the manufacturing sector. It was incorporated on 05 December 2003.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27106GJ2003PLC043298. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹31 Cr and a paid-up capital of ₹30.76 Cr. It is led by directors including Mitasree Satyakam Basu and Udayan Bhaduri.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Plot No E – 9 Savli GIDC Estate Manjusar Savli, Vadodara, Gujarat, India – 391165.
As per the financials filed for FY 2015, the company reported a revenue of ₹9.25 Cr, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹14.04 Cr (net margin -151.7%) and EBITDA of -₹11.85 Cr (EBITDA margin -128.1%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years.
As per MCA filings, the company has open charges of ₹135.44 Cr and satisfied charges of ₹50.41 Cr on record. Court records list 35 cases involving the company, including 3 filed by the company and 32 filed against it; 7 cases are pending.
The last known website on record is samshico.com.
Company details
Contact details
Samshi Pipe Industries Limited's registered office is in Vadodara, Gujarat. Its website is samshico.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No E – 9 Savli GIDC Estate Manjusar Savli, Vadodara, Gujarat, India – 391165
- IndustryManufacturing, Pipe & Tubes
To see the full contact details of Samshi Pipe Industries 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
Financials of Samshi Pipe Industries Limited
FY 2015 filings availableSamshi Pipe Industries Limited reported revenue of ₹9.25 Cr (down 77% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over three years, including a 77% fall 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 | ₹9.25 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹11.85 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹14.04 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 | -128.1% |
| Net Profit Margin | -151.7% |
| 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 Samshi Pipe Industries Limited, buy the company report.
Board of directors of Samshi Pipe Industries Limited
Samshi Pipe Industries has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mitasree Satyakam Basu | Director | 01 Mar 2008 | 18 Years 7 Months | As last reported |
| Udayan Bhaduri | Additional Director | 14 Feb 2014 | 12 Years 8 Months | As last reported |
| Satyakam Basu | Additional Director | 02 Jan 2015 | 11 Years 9 Months | As last reported |
Auditor
Samshi Pipe Industries Limited is audited by DEVENDRA J PATEL & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEVENDRA J PATEL & ASSOCIATES | FY 2015 | 131841W |
Shareholding
The shareholding of Samshi Pipe Industries Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Samshi Pipe Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2013 | 10414254 | Canara Bank | ₹1.79 Cr | Open | |
| 27 Nov 2012 | 10399332 | Canara Bank | ₹1 Cr | Open | |
| 01 Jun 2007 | 10056858 | Canara Bank | ₹6.65 Cr | Open | |
| 15 Dec 2005 | 80043967 | Canara Bank | ₹96 Cr | Open | |
| 15 Dec 2005 | 80043966 | Canara Bank | ₹30 Cr | Open |
To see the full charge records of Samshi Pipe Industries Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Samshi Pipe Industries Limited has 35 court cases on record: 3 filed by Samshi Pipe Industries, 32 filed against it. 7 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 26 | 7 |
| High courts | 7 | 6 | 0 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by M/S SKM Steels Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by SKM Construction Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Ms. K. Amishkumar Trading Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Loha Ispaat Limited | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by M/S. Awagaman Road Carriers Limited Thought Manager Indrajeet Jha | Disposed |
To see the full case history of Samshi Pipe Industries 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 Samshi Pipe Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Samshi Pipe Industries Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Samshi Pipe Industries 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 Samshi Pipe Industries Limited, buy the company report.
Recent activity
Samshi Pipe Industries Limited has 16 board changes on record since 2007: 3 appointments and 13 cessations. The latest: Udayan Bhaduri ceased to be Additional Director on 31 May 2015.
23 earlier events are in the company report.
Frequently asked questions
Samshi Pipe Industries 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.
Samshi Pipe Industries is a company under liquidation, formerly operating as a public limited company based in Vadodara, Gujarat, India. The company works in pipe and tubes, within the manufacturing industry. It was incorporated on 05 December 2003 and is registered under CIN U27106GJ2003PLC043298. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Samshi Pipe Industries has 3 current directors:
- Mitasree Satyakam Basu - Director
- Udayan Bhaduri - Additional Director
- Satyakam Basu - Additional Director
The latest financial statements of Samshi Pipe Industries on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Samshi Pipe Industries is U27106GJ2003PLC043298. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Samshi Pipe Industries has open charges of ₹135.44 Cr and satisfied charges of ₹50.41 Cr as per latest MCA filings.
Samshi Pipe Industries has 35 court cases on record: 3 filed by the company and 32 filed against it. 7 are pending. Most are in the district courts.
Samshi Pipe Industries was incorporated on 05 December 2003. It is registered with the Registrar of Companies, Ahmedabad.
Udayan Bhaduri ceased to be Additional Director on 31 May 2015. Samik Basu ceased to be Director on 02 Jan 2015. Satyakam Basu was appointed as Additional Director on 02 Jan 2015. Samshi Pipe Industries has 16 board changes on record in total.
Samshi Pipe Industries can be reached through the website samshico.com. Its registered office is in Vadodara, Gujarat, India.