Swadisht Oils Private Limited
About Swadisht Oils Private Limited
Data last updated:
Swadisht Oils Private Limited was a private limited company based in Kanpur, Uttar Pradesh, 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 edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 05 June 1996.
The company was registered with the Registrar of Companies (ROC), Kanpur, under CIN U65921UP1996PTC020083. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹33.33 Cr and a paid-up capital of ₹23.27 Cr. It was led by directors including Honey Sharma and Kishan Lal Sharma.
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 was at Preet Vatika G – 1 Ground Floor 3/40 Vishnupuri, Kanpur, Uttar Pradesh, India – 208002.
As per the financials filed for FY 2018, the company reported a revenue of ₹148.82 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹10.4 Cr (net margin -7%) and EBITDA of -₹10.91 Cr (EBITDA margin -7.3%).
As per MCA filings, the company had satisfied charges of ₹58.8 Cr on record. Court records list 17 cases involving the company, including 6 filed by the company and 11 filed against it; 3 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in December 2016.
Company details
Contact details
Swadisht Oils Private Limited's registered office is in Kanpur, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPreet Vatika G – 1 Ground Floor 3/40 Vishnupuri, Kanpur, Uttar Pradesh, India – 208002
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Swadisht Oils 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 Swadisht Oils 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 Swadisht Oils Private Limited, buy the company report.
Financials of Swadisht Oils Private Limited
FY 2018 filings availableSwadisht Oils Private Limited reported revenue of ₹148.82 Cr (up 194% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 194% in the latest year. EBITDA fell 452% in the latest 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 |
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| EBITDA | -₹10.91 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹10.4 Cr | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -7.3% | |||
| Net Profit Margin | -7% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Swadisht Oils Private Limited, buy the company report.
Board of directors of Swadisht Oils Private Limited
Swadisht Oils has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Honey Sharma | Director | 22 Mar 2007 | 19 Years 7 Months | As last reported |
| Kishan Lal Sharma Also directs: Augment Industries Private Limited, Sara Mercantile Private Limited, Jya Securities Limited and 2 more | Director | 10 Oct 2015 | 11 Years 0 Months | As last reported |
| Chetan Sharma | Additional Director | 24 Dec 2016 | 9 Years 10 Months | As last reported |
Auditor
Swadisht Oils Private Limited is audited by RAJIV MEHROTRA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJIV MEHROTRA & ASSOCIATES | FY 2016 | 002253C |
Shareholding
The shareholding of Swadisht Oils Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Swadisht Oils Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 2008 | 10100540 | State Bank of India | ₹58.8 Cr | Satisfied |
To see the full charge records of Swadisht Oils Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Swadisht Oils Private Limited has 2 deals on record (2 secondary share transfers); the latest was in December 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Aspective Distributors Pvt.Ltd. , 2 individuals |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Swadisht Oils Private Limited has 17 court cases on record: 6 filed by Swadisht Oils, 11 filed against it. 3 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 11 | 9 | 2 |
| District courts | 6 | 2 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bathinda, Punjab | Court case (COMI) | Filed against the company by M/S A.B Crops Pvt .Ltd | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Rungta Industries Pvt.Ltd | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Arohul Foods Pvt Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Abhi Agro Pvt Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by J.R.Agro Industries Pvt.Ltd | Disposed |
To see the full case history of Swadisht Oils 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.
Credit ratings & regulatory alerts
Swadisht Oils Private Limited was last rated by Crisil on 31 Aug 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Aug 2017 |
To see the full credit ratings and regulatory alerts of Swadisht Oils Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Swadisht Oils Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Swadisht Oils 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 Swadisht Oils Private Limited, buy the company report.
Recent activity
Swadisht Oils Private Limited has 7 board changes on record since 2007: 3 appointments and 4 cessations. The latest: Lavanya Rastogi ceased to be Company Secretary on 20 Jun 2017.
1 earlier event is in the company report.
Frequently asked questions
Swadisht Oils 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.
Swadisht Oils was a private limited company based in Kanpur, Uttar Pradesh, India. The company worked in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 05 June 1996 and is registered under CIN U65921UP1996PTC020083. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Swadisht Oils was incorporated on 05 June 1996. It is registered with the Registrar of Companies, Kanpur.
Swadisht Oils had 3 directors:
- Honey Sharma - Director
- Kishan Lal Sharma - Director
- Chetan Sharma - Additional Director
The CIN (Corporate Identification Number) of Swadisht Oils is U65921UP1996PTC020083. 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 Swadisht Oils is at Preet Vatika G – 1 Ground Floor 340 Vishnupuri, Kanpur, Uttar Pradesh, India – 208002.
The latest financial statements of Swadisht Oils 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.
No. Swadisht Oils has 1 GST registration on record and it is cancelled or inactive.
Swadisht Oils operated in the food and beverages industry, in the edible oils and cooking fats segment.
Swadisht Oils has 2 deals on record (2 secondary share transfers); the latest was in December 2016.