About Sharp Industries Limited
Data last updated:
Sharp Industries Limited is a public limited company based in Thane, 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 paper, laminated and corrugated packaging segment of the packaging sector. It was incorporated on 09 March 1988.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1988PLC046467. The company has 2 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.95 Cr. It is led by directors including Prajesh Manojbhai Shah and Rajesh Jayantilal Merchant.
Its last annual general meeting (AGM) was held on 30 December 2015, and its latest financial statements are for the year ended 15 June 2015. The registered office is at Plot No – 6 Survey No – 70 Village Waliv Vasai East, Thane, Maharashtra, India – 401208.
As per the financials filed for FY 2015, the company reported a revenue of ₹56.68 Lakh. For the same year it recorded a net loss of ₹6.61 Cr and EBITDA of -₹35.97 Lakh (EBITDA margin -63.5%). Revenue has declined at a compounded annual rate (CAGR) of 86% over three years.
The company is associated with 1 brand: Sharp Industries. As per MCA filings, the company has open charges of ₹130.45 Cr and satisfied charges of ₹3,011.07 Cr on record. Court records list 466 cases involving the company, including 170 filed by the company and 297 filed against it; 64 cases are pending. The company has 23 deals on record (23 market trades); the latest was in March 2013.
The last known website on record is sharpindustriesltd.com.
Company details
Contact details
Sharp Industries Limited's registered office is in Thane, Maharashtra. Its website is sharpindustriesltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No – 6 Survey No – 70 Village Waliv Vasai East, Thane, Maharashtra, India – 401208
- IndustryPackaging, Paper, Laminated & Corrugated Packaging, Packaging Films & Foils
To see the full contact details of Sharp 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
Brands
Sharp Industries operates one associated brand: Sharp Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial operations are managed from Thane, India, since 1988. | sharpindustriesltd.com |
Financials of Sharp Industries Limited
FY 2015 filings availableSharp Industries Limited reported revenue of ₹56.68 Lakh for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 86% over three years. 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 | ₹56.68 Lakh |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹35.97 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹6.61 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 | -63.5% |
| Net Profit Margin | |
| 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 Sharp Industries Limited, buy the company report.
Board of directors of Sharp Industries Limited
Sharp Industries has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Bhagwandas Shah | Additional Director | 29 Apr 2015 | 11 Years 5 Months | As last reported |
| Prajesh Manojbhai Shah Also directs: Akar Laminators Limited, Rushabh Flexipack Limited | Director | 25 Mar 2010 | 16 Years 7 Months | As last reported |
| Rajesh Jayantilal Merchant | Director | 25 Mar 2010 | 16 Years 7 Months | As last reported |
Auditor
Sharp Industries Limited is audited by R R MANDALI & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R R MANDALI & CO | FY 2015 | 114223W |
Shareholding
The shareholding of Sharp Industries Limited is on record for 2 financial years, the latest being FY 2015, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2015 | FY 2014 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sharp Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2012 | 10350588 | Jm Financial Asset Reconstruction Company Private Limited | ₹5 Cr | Open | |
| 13 Mar 2012 | 10342822 | The Bassein Catholic Co-Op Bank Limited | ₹3 Cr | Open | |
| 03 Dec 2011 | 10321706 | Bassein Catholic Co-Operative Bank Limited | ₹2 Cr | Open | |
| 30 Nov 2011 | 10321705 | Bassein Catholic Co-Operative Bank Limited | ₹45 Lakh | Open | |
| 19 Sep 2011 | 10311575 | Jm Financial Asset Reconstruction Company Private Limited | ₹70 Cr | Open |
To see the full charge records of Sharp Industries Limited, buy the company report.
Total charge records: 49 View all charges
Deals & funding
Sharp Industries Limited has 23 deals on record (23 market trades); the latest was in March 2013.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Market trade | ₹19.7 Lakh | Buyer: Vimal Finstock Private Limited Seller: an individual |
| Jan 2013 | Market trade | ₹19.5 Lakh | Seller: Yaduka Financial Services Limited |
| Jan 2013 | Market trade | ₹17.4 Lakh | Seller: Yaduka Financial Services Limited |
| Jan 2013 | Market trade | ₹21.2 Lakh | Seller: Yaduka Financial Services Limited |
| Jan 2013 | Market trade | ₹21.4 Lakh | Seller: Yaduka Financial Services Limited |
To see the full deal history of Sharp Industries 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
Sharp Industries Limited has 466 court cases on record: 170 filed by Sharp Industries, 297 filed against it. 64 cases are pending and 402 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 229 | 102 | 24 |
| District courts | 214 | 192 | 40 |
| Supreme Court | 23 | 3 | 0 |
Cases on record (5 of 466)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against Hitech Litho Pvt. Ltd. (Petitioner) and 2 others | Pending |
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against M/S. Videocon Industries Ltd. and 5 others | Disposed |
| District court, Valsad, Gujarat | Criminal miscellaneous application | Filed against the company by M/S. Hitech Litho Pvt. Ltd. Though Mr. Ramakant R. Shukla | Disposed |
| Bombay High Court | Appeal | Filed against the company by M/S. Videocon Industries Ltd. | Disposed |
| Bombay High Court | Court case (CNPCP) | Filed against the company by Hitech Litho Pvt. Ltd. | Disposed |
To see the full case history of Sharp 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 Sharp Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sharp Industries Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Sharp 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 Sharp Industries Limited, buy the company report.
Recent activity
Sharp Industries Limited has 19 board changes on record since 1996: 11 appointments and 8 cessations. The latest: Manoj Bhagwandas Shah was appointed as Additional Director on 29 Apr 2015.
138 earlier events are in the company report.
Frequently asked questions
Sharp 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.
Sharp Industries is a company under liquidation, formerly operating as a public limited company based in Thane, Maharashtra, India. The company works in paper, laminated and corrugated packaging, within the packaging industry. It was incorporated on 09 March 1988 and is registered under CIN L99999MH1988PLC046467. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sharp Industries has 3 current directors:
- Manoj Bhagwandas Shah - Additional Director
- Prajesh Manojbhai Shah - Director
- Rajesh Jayantilal Merchant - Director
The latest financial statements of Sharp Industries on record with the MCA are for the year ended 15 June 2015. Its last annual general meeting was held on 30 December 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sharp Industries is L99999MH1988PLC046467. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sharp Industries is recorded as a listed company by MCA, but its shares were delisted from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
Sharp Industries has open charges of ₹130.45 Cr and satisfied charges of ₹3,011.07 Cr as per latest MCA filings.
Sharp Industries has 466 court cases on record: 170 filed by the company and 297 filed against it. 64 are pending. Most are in the high courts.
Sharp Industries was incorporated on 09 March 1988. It is registered with the Registrar of Companies, Mumbai.
Sharp Industries has 23 deals on record (23 market trades); the latest was in March 2013.