About Sigma Solvents Private Limited
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Sigma Solvents Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 26 April 1988.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH1988PTC047155. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.2 Cr. It was led by directors including Salim Dawood Memon (Managing Director) and Vijay Bhalchandra Palkar.
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 was at 1502 Adonis Raheja Acropolis II Behind Telecom Factory Deonar, Mumbai, Maharashtra, India – 400088.
As per the financials filed for FY 2017, the company reported a revenue of ₹13.19 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹5.89 Cr (net margin -44.6%) and EBITDA of -₹4.63 Cr (EBITDA margin -35.1%).
As per MCA filings, the company had open charges of ₹4 Cr and satisfied charges of ₹18.31 Cr on record. Court records list 10 cases involving the company, including 10 filed against it. The company has 1 deal on record (1 acquisition); the latest was in December 2016. Its 6 peer companies in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 4 smaller; the largest is Zinnia Life Sciences Private Limited with revenue of ₹13.25 Cr.
The last known website on record is sigmasolvents.com.
Company details
Contact details
Sigma Solvents Private Limited's registered office is in Mumbai, Maharashtra. Its website is sigmasolvents.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address1502 Adonis Raheja Acropolis II Behind Telecom Factory Deonar, Mumbai, Maharashtra, India – 400088
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Sigma Solvents 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
Business activity
The main business activity of Sigma Solvents is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Sigma Solvents Private Limited, buy the company report.
Financials of Sigma Solvents Private Limited
FY 2016 filings availableSigma Solvents Private Limited reported revenue of ₹13.19 Cr (down 5% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year. EBITDA fell 426% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹13.19 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹4.63 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹5.89 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -35.1% | ||
| Net Profit Margin | -44.6% | ||
| 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 Sigma Solvents Private Limited, buy the company report.
Board of directors of Sigma Solvents Private Limited
Sigma Solvents has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Bhalchandra Palkar Also directs: Indo Amines Limited, Palkar Farms Private Limited, Versatile Specialty Chemicals Limited and 5 more | Director | 29 Dec 2016 | 9 Years 9 Months | As last reported |
| Sanam Salim Memon | Director | 09 Jul 2008 | 18 Years 3 Months | As last reported |
| Salim Dawood Memon | Managing Director | 26 Apr 1988 | 38 Years 5 Months | As last reported |
Peer comparison
Sigma Solvents Private Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Industrial Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zinnia Life Sciences Private Limited | ₹13.25 Cr (FY 2025) | 74.0% | Coimbatore, Tamil Nadu, India | |||
| Boisur Chemicals Private Limited | ₹13.24 Cr (FY 2024) | 3.0% | Mumbai, Maharashtra, India | |||
| Sigma Solvents Private Limitedthis company | ₹13.19 Cr (FY 2017) | -₹5.89 Cr | -44.6% | -5.0% | Mumbai, Maharashtra, India | |
| Vim Dyechem Pvt Ltd | ₹13.17 Cr (FY 2025) | 18.0% | Ahmedabad, Gujarat, India | |||
| Pradeep Shetye Private Limited | ₹13.07 Cr (FY 2024) | 105.0% | Mumbai, Maharashtra, India | |||
| Shamlax Meta Chem Private Limited | ₹13.04 Cr (FY 2025) | 13.0% | Nagpur, Maharashtra, India | |||
| Zephyr Synthesis Pvt Ltd | ₹12.97 Cr (FY 2024) | 36.0% | Tal Khambhat, Gujarat, India |
To see the full peer comparison of Sigma Solvents Private Limited, buy the company report.
Auditor
Sigma Solvents Private Limited is audited by M J KAPADIA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M J KAPADIA & CO | FY 2017 | 104781W |
Shareholding
The shareholding of Sigma Solvents Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sigma Solvents Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2017 | 100143480 | Yes Bank Limited | ₹4 Cr | Open | |
| 28 Mar 2016 | 100019852 | Lakshmi Vilas Bank Limited | ₹2.5 Cr | Satisfied | |
| 06 Jul 2012 | 10363577 | Central Bank of India Limited | ₹4.9 Cr | Satisfied | |
| 05 Jul 2011 | 10294449 | Sicom Investments & Finance Limited | ₹3 Cr | Satisfied | |
| 04 May 2001 | 80063409 | State Bank of India | ₹30 Lakh | Satisfied |
To see the full charge records of Sigma Solvents Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Sigma Solvents Private Limited has 1 deal on record (1 acquisition); the latest was in December 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Acquisition | Undisclosed | Buyer: Indo Amines Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sigma Solvents Private Limited has 10 court cases on record: 10 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 0 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (SS) | Filed against the company by R. K. G. Petrochem P. Ltd. | Disposed |
| Bombay High Court | Court case (SJ) | Filed against the company by R.K.G. Petro-Chem Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Ms. Premier Intermediates Pvt Ltd. | Disposed |
| Bombay High Court | Company petition | Filed against the company by M/S. Prabhat Chemicals | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by an individual | Disposed |
To see the full case history of Sigma Solvents 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sigma Solvents Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sigma Solvents has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sigma Solvents Private Limited, buy the company report.
Recent activity
Sigma Solvents Private Limited has 6 board changes on record since 1988: 3 appointments and 3 cessations. The latest: Vijay Bhalchandra Palkar ceased to be Additional Director on 28 Dec 2017.
24 earlier events are in the company report.
Frequently asked questions
Sigma Solvents 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.
Sigma Solvents was a private limited company based in Mumbai, Maharashtra, India. The company worked in industrial chemicals, within the chemicals and materials industry. It was incorporated on 26 April 1988 and is registered under CIN U24100MH1988PTC047155. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sigma Solvents was incorporated on 26 April 1988. It is registered with the Registrar of Companies, Mumbai.
Sigma Solvents had 3 directors:
- Salim Dawood Memon - Managing Director
- Vijay Bhalchandra Palkar - Director
- Sanam Salim Memon - Director
The CIN (Corporate Identification Number) of Sigma Solvents is U24100MH1988PTC047155. 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 Sigma Solvents is at 1502 Adonis Raheja Acropolis II Behind Telecom Factory Deonar, Mumbai, Maharashtra, India – 400088.
Sigma Solvents can be reached through the website sigmasolvents.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Sigma Solvents 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.
No. Sigma Solvents has 1 GST registration on record and it is cancelled or inactive.
Sigma Solvents operated in the chemicals and materials industry, in the industrial chemicals segment.
Sigma Solvents has 1 deal on record (1 acquisition); the latest was in December 2016.