About Timblo Drydocks Private Limited
Data last updated:
Timblo Drydocks Private Limited is a private limited company based in Goa, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 28 April 1973.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U63032GA1973PTC000164. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.85 Cr. It is led by directors including Mahendra Promod Timblo and Subhash Kumar Mutreja.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Subhash Timblo Bhawan Margao, Goa, India – 403601.
As per the financials filed for FY 2022, the company reported a revenue of ₹76.54 Lakh, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹9.9 Cr and EBITDA of -₹32.85 Lakh (EBITDA margin -42.9%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 53% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Timblo Drydocks. As per MCA filings, the company has open charges of ₹6.44 Cr and satisfied charges of ₹21.97 Cr on record. Court records list 16 cases involving the company, including 5 filed by the company and 11 filed against it; 2 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹4.75 Cr; the latest was in February 2012.
The last known website on record is timblodrydocks.com.
Company details
Contact details
Timblo Drydocks Private Limited's registered office is in Goa. Its website is timblodrydocks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSubhash Timblo Bhawan Margao, Goa, India – 403601
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Timblo Drydocks 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
Brands
Timblo Drydocks operates one associated brand: Timblo Drydocks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Shipbuilding, infrastructure, and safety services in Goa. | timblodrydocks.com |
Business activity
The main business activity of Timblo Drydocks is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Timblo Drydocks Private Limited, buy the company report.
Financials of Timblo Drydocks Private Limited
FY 2022 filings availableTimblo Drydocks Private Limited reported revenue of ₹76.54 Lakh (down 63% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 53% over five years, including a 63% fall in the latest year. EBITDA rose 38% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹76.54 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹32.85 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.9 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -42.9% | ||||
| Net Profit Margin | |||||
| 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 Timblo Drydocks Private Limited, buy the company report.
Board of directors of Timblo Drydocks Private Limited
Timblo Drydocks has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Promod Timblo Also directs: Timblo Shipyards Private Limited | Director | 01 Aug 2011 | 15 Years 3 Months | As last reported |
| Subhash Kumar Mutreja Also directs: Villotel Rentals and Hospitality LLP, Scapes Hospitality LLP, Scapes Real Estate Development India Private Limited and 3 more | Director | 12 Jan 2015 | 11 Years 9 Months | As last reported |
| Prashant Jain | Irp/Rp/Liquidator | 24 Jun 2024 | 2 Years 4 Months | As last reported |
| Sarvesh Pramod Timblo Also directs: Timblo Shipyards Private Limited, Timblo Printers Private Limited, Aero Advanced Systems Private Limited and 3 more | Director | 03 Sep 2001 | 25 Years 2 Months | As last reported |
| Saidas Ramchandra Khorjuvekar Also directs: Espresso Foods Private Limited | Additional Director | 05 Jul 2022 | 4 Years 4 Months | As last reported |
Auditor
Timblo Drydocks Private Limited is audited by REGE KUNKOLIENKAR & ANGLE for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| REGE KUNKOLIENKAR & ANGLE | FY 2022 | 126145W |
Shareholding
The shareholding of Timblo Drydocks Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Timblo Drydocks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jan 2018 | 100161395 | Others | ₹34 Lakh | Open | |
| 13 Aug 2013 | 10448794 | Others | ₹6 Cr | Open | |
| 18 Mar 1978 | 90065186 | Maharashtra State Financial Co-Op | ₹10.2 Lakh | Open | |
| 05 Jan 2012 | 10338607 | Srei Equipment Finance Private Limited | ₹1.84 Cr | Satisfied | |
| 25 Jul 2011 | 10297438 | Srei Equipment Finance Private Limited | ₹38.2 Lakh | Satisfied |
To see the full charge records of Timblo Drydocks Private Limited, buy the company report.
Total charge records: 26 View all charges
Deals & funding
Timblo Drydocks Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹4.75 Cr; the latest was in February 2012.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Nov 2011 | Funding round | ₹4.75 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Timblo Drydocks Private Limited has 16 court cases on record: 5 filed by Timblo Drydocks, 11 filed against it. 2 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 6 | 6 | 0 |
| District courts | 5 | 4 | 2 |
| NCLAT | 3 | 0 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed by the company against Express Machines & Scaffolding Private Limited | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed by the company against Express Machines & Scaffolding Private Limited | Disposed |
| District court, Nashik, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Zigma Paints Pvt Ltd Thorugh Authorized Person Mr Chandrakant J Sali | Disposed |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed by the company against Express Machines & Scaffolding Private Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Express Machines & Scaffolding Pvt. Ltd and 1 other | Disposed |
To see the full case history of Timblo Drydocks 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
Timblo Drydocks Private Limited was last rated by Crisil on 27 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Nov 2020 |
To see the full credit ratings and regulatory alerts of Timblo Drydocks Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Timblo Drydocks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Timblo Drydocks Private Limited has a workforce of 2 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Timblo Drydocks 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 Timblo Drydocks Private Limited, buy the company report.
Recent activity
Timblo Drydocks Private Limited has 9 board changes on record since 2001: 5 appointments and 4 cessations. The latest: Prashant Jain was appointed as Irp/Rp/Liquidator on 24 Jun 2024.
50 earlier events are in the company report.
Frequently asked questions
Timblo Drydocks is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Timblo Drydocks is a company under insolvency, formerly operating as a private limited company based in Goa, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 28 April 1973 and is registered under CIN U63032GA1973PTC000164. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Timblo Drydocks has 5 current directors:
- Mahendra Promod Timblo - Director
- Subhash Kumar Mutreja - Director
- Sarvesh Pramod Timblo - Director
- Saidas Ramchandra Khorjuvekar - Additional Director
- Prashant Jain - Irp/Rp/Liquidator
The latest financial statements of Timblo Drydocks on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Timblo Drydocks is U63032GA1973PTC000164. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Timblo Drydocks has open charges of ₹6.44 Cr and satisfied charges of ₹21.97 Cr as per latest MCA filings.
Timblo Drydocks has 16 court cases on record: 5 filed by the company and 11 filed against it. 2 are pending. Most are in the nclt.
Timblo Drydocks was incorporated on 28 April 1973. It is registered with the Registrar of Companies, Goa.
Timblo Drydocks has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹4.75 Cr; the latest was in February 2012.
Prashant Jain was appointed as Irp/Rp/Liquidator on 24 Jun 2024. Saidas Ramchandra Khorjuvekar was appointed as Additional Director on 05 Jul 2022. Pramod Panduranga Timblo ceased to be Director on 08 Apr 2018. Timblo Drydocks has 9 board changes on record in total.
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