About Sea Stem Limited
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Sea Stem Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 24 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U60210GJ2004PLC043665. Its GSTIN is 24AAHCS9428G1Z5 (Gujarat).
The company has an authorised share capital of ₹1.3 Cr and a paid-up capital of ₹1.3 Cr. It was formerly known as Sea Stem Private Limited and Sea Stem Logistics Private Limited. It is led by directors including Gaurav Pala and Virakt Ramesh Buddhadev Thakkar.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at A – 201 Sobo Centre South Bopal Road Bopal, Ahmedabad, Gujarat, India – 380058.
As per the financials filed for FY 2018, the company reported a revenue of ₹46.01 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹1.89 Lakh (net margin 0%) and EBITDA of ₹59.56 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
As per MCA filings, the company has open charges of ₹7.5 Cr and satisfied charges of ₹1.69 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website seastemworld.com.
Company details
Name history
Sea Stem has undergone 2 name changes throughout its history. The company was previously known as Sea Stem Private Limited, and Sea Stem Logistics Private Limited. The current legal name is Sea Stem Limited.
| Company Name | Status |
|---|---|
| Sea Stem Limited | Current |
| Sea Stem Private Limited | Previous |
| Sea Stem Logistics Private Limited | Previous |
CIN history
Sea Stem has one previous CIN (Corporate Identification Number): U60210GJ2004PTC043665. The current CIN is U60210GJ2004PLC043665, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U60210GJ2004PLC043665 | Current |
| U60210GJ2004PTC043665 | Previous |
Contact details
Sea Stem Limited's registered office is in Ahmedabad, Gujarat. Its website is seastemworld.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressA – 201 Sobo Centre South Bopal Road Bopal, Ahmedabad, Gujarat, India – 380058
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Sea Stem 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 Sea Stem is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Sea Stem Limited, buy the company report.
Financials of Sea Stem Limited
FY 2018 filings availableSea Stem Limited reported revenue of ₹46.01 Cr (up 4% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over three years, including 4% growth in the latest year. EBITDA fell 2% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹46.01 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹59.56 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.89 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.3% | |||
| Net Profit Margin | 0% | |||
| 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 Sea Stem Limited, buy the company report.
Board of directors of Sea Stem Limited
Sea Stem has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Pala | Additional Director | 29 Jul 2020 | 6 Years 2 Months | Current |
| Virakt Ramesh Buddhadev Thakkar | Additional Director | 29 Jul 2020 | 6 Years 2 Months | Current |
| Rajendrakumar Vrajlal Anadkat Also directs: Swastik Infra-Marine Engineers Limited | Additional Director | 29 Jul 2020 | 6 Years 2 Months | Current |
Peer comparison
Sea Stem Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Food and Beverages Retail and Distribution, Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Click Plus Solutions Private Limited | ₹46.17 Cr (FY 2025) | 499.0% | Delhi, India | |||
| R.J. Marketing Private Limited | ₹46.13 Cr (FY 2025) | 56.0% | Indore, Madhya Pradesh, India | |||
| Sea Stem Limitedthis company | ₹46.01 Cr (FY 2018) | -₹1.89 Lakh | 0% | 4.0% | Ahmedabad, Gujarat, India | |
| Arsh International India Private Limited | ₹45.91 Cr (FY 2025) | -69.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Sea Stem Limited, buy the company report.
Auditor
Sea Stem Limited is audited by CHETAN AGARWAL & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHETAN AGARWAL & CO | FY 2018 | 120447W |
Shareholding
The shareholding of Sea Stem Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sea Stem Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 May 2017 | 100112636 | Others | ₹5.5 Cr | Open | |
| 22 Jul 2008 | 10490426 | Srei Infrastructure Finance Limited | ₹2 Cr | Open | |
| 15 Oct 2010 | 10246784 | Srei Equipment Finance Private Limited | ₹69 Lakh | Satisfied | |
| 22 Dec 2008 | 10135623 | Bank of Baroda | ₹20 Lakh | Satisfied | |
| 12 Dec 2007 | 10081315 | Bank of Baroda | ₹80 Lakh | Satisfied |
To see the full charge records of Sea Stem Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Sea Stem Limited has 8 court cases on record: 2 filed by Sea Stem, 6 filed against it. 3 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 3 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Pvt. Ltd. | Pending |
| High Court, GUJARAT | Court case (IAAP) | Filed by the company against M/S Dahej Infrastructure Pvt Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance | Pending |
| High Court, GUJARAT | Court case (SCR.A) | Filed against the company by individuals | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by Principal Commissioner of Income Tax | Disposed |
To see the full case history of Sea Stem 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
Sea Stem Limited was last rated by Crisil on 06 Jun 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Jun 2017 |
To see the full credit ratings and regulatory alerts of Sea Stem Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sea Stem Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sea Stem has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCS9428G1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sea Stem Limited, buy the company report.
Recent activity
Sea Stem Limited has 13 board changes on record since 2009: 3 appointments and 10 cessations. The latest: Prashant Jayantilal Anadkat ceased to be Director on 31 Jul 2020.
12 earlier events are in the company report.
Frequently asked questions
Sea Stem is an active public limited company based in Ahmedabad, Gujarat, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 24 February 2004 (22+ years old) and is registered under CIN U60210GJ2004PLC043665.
Sea Stem has 3 current directors:
- Gaurav Pala - Additional Director
- Virakt Ramesh Buddhadev Thakkar - Additional Director
- Rajendrakumar Vrajlal Anadkat - Additional Director
The latest financial statements of Sea Stem on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Sea Stem is 24AAHCS9428G1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Sea Stem is U60210GJ2004PLC043665. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sea Stem has 8 court cases on record: 2 filed by the company and 6 filed against it. 3 are pending. Most are in the district courts.
Sea Stem was incorporated on 24 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sea Stem by revenue are Click Plus Solutions Private Limited, R.J. Marketing Private Limited, Arsh International India Private Limited, all in the Machinery and Equipment industry (Food and Beverages Retail and Distribution, Machinery and Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Prashant Jayantilal Anadkat ceased to be Director on 31 Jul 2020. Rameshbhai Vrajlal Anadkat ceased to be Director on 31 Jul 2020. Rishiraj Jayanatilal Anadkat ceased to be Director on 31 Jul 2020. Sea Stem has 13 board changes on record in total.
Sea Stem can be reached through the website seastemworld.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Sea Stem is at A – 201 Sobo Centre South Bopal Road Bopal, Ahmedabad, Gujarat, India – 380058.