About Borax Morarji Limited
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Borax Morarji Limited was a public 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 specialty chemicals segment of the chemicals and materials sector. It was incorporated on 27 August 1963.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L24100MH1963PLC012706. The company has 4 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 08 Jan 2018 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹20 Cr and a paid-up capital of ₹13.52 Cr. It was led by directors including Sanjeev Vishwanath Joshi and Arvind Wasudeo Ketkar.
Its last annual general meeting (AGM) was held on 26 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Prospect Chambers317 – 21 Dr D N Road, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2016, the company reported a revenue of ₹43.83 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹4.56 Cr (net margin 10.4%) and EBITDA of ₹11.12 Cr (EBITDA margin 25.4%).
The company had about 8 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Borax Morarji. As per MCA filings, the company had open charges of ₹30.5 Cr and satisfied charges of ₹36.44 Cr on record. Court records list 48 cases involving the company, including 30 filed by the company and 18 filed against it; 4 cases are pending. The company has 15 deals on record (15 market trades); the latest was in March 2017.
The last known website on record is boraxmorarji.com.
Company details
CIN history
Borax Morarji has one previous CIN (Corporate Identification Number): U24100MH1963PLC012706. The current CIN is L24100MH1963PLC012706, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24100MH1963PLC012706 | Current |
| U24100MH1963PLC012706 | Previous |
Contact details
Borax Morarji Limited's registered office is in Mumbai, Maharashtra. Its website is boraxmorarji.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressProspect Chambers317 – 21 Dr D N Road, Mumbai, Maharashtra, India – 400001
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Borax Morarji 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
Borax Morarji operates one associated brand: Borax Morarji. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Borax-based fertilizers and chemicals are manufactured by the company. | boraxmorarji.com |
Business activity
The main business activity of Borax Morarji 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 Borax Morarji Limited, buy the company report.
Financials of Borax Morarji Limited
FY 2016 filings availableBorax Morarji Limited reported revenue of ₹43.83 Cr (down 10% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year. EBITDA rose 244% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹43.83 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹11.12 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹4.56 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 25.4% | |
| Net Profit Margin | 10.4% | |
| 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 Borax Morarji Limited, buy the company report.
Board of directors and KMP of Borax Morarji Limited
Borax Morarji Limited currently reports 6 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Vishwanath Joshi | Director | 31 Mar 2005 | 21 Years 6 Months | As last reported |
| Arvind Wasudeo Ketkar | Director | 25 Sep 2013 | 13 Years 1 Months | As last reported |
| Dilip Trimbak Gokhale | Director | 02 Nov 2013 | 12 Years 11 Months | As last reported |
| Mitika Laxmikumar Goculdas Also directs: DMCC Speciality Chemicals Limited, Bombay Foods Pvt Ltd, Natural Gas Company Private Limited and 5 more | Director | 02 Dec 2009 | 16 Years 10 Months | As last reported |
| Umesh Rajaram Shetkar | Ceo | 10 Aug 2016 | 10 Years 2 Months | As last reported |
| Bimal Lalitsingh Goculdas Also directs: DMCC Speciality Chemicals Limited, Bombay Foods Pvt Ltd, Natural Gas Company Private Limited and 5 more | Director | 01 Apr 2015 | 11 Years 6 Months | As last reported |
Auditor
Borax Morarji Limited is audited by K.S.Aiyar and Co for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.S.Aiyar and Co | FY 2016 | 100186W |
Shareholding
The shareholding of Borax Morarji Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Borax Morarji Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Feb 2016 | 10617464 | State Bank of India | ₹30.5 Cr | Open | |
| 04 Apr 2007 | 10049474 | Indian Overseas Bank | ₹1.95 Cr | Satisfied | |
| 17 Jan 2001 | 80064446 | Indian Renewable Energy Development Agency Limited | ₹1.04 Cr | Satisfied | |
| 07 Oct 1999 | 80064447 | Indian Renewable Energy Development Agency Limited | ₹1.48 Cr | Satisfied | |
| 22 Feb 1999 | 80064445 | Indian Renewable Energy Development Agency Limited | ₹73.26 Lakh | Satisfied |
To see the full charge records of Borax Morarji Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Borax Morarji Limited has 15 deals on record (15 market trades); the latest was in March 2017.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Market trade | ₹11.3 Lakh | Seller: an individual |
| Dec 2016 | Market trade | ₹18.5 Lakh | Buyer: an individual |
| Oct 2016 | Market trade | ₹13.3 Lakh | Buyer: an individual |
| Jul 2010 | Market trade | ₹1.64 Cr | Buyer: Sainath Herbal Care Marketing Private Limited , an individual Seller: Sainath Herbal Care Marketing Private Limited , 3 individuals |
| Jul 2010 | Market trade | ₹19.4 Lakh | Buyer: Sainath Herbal Care Marketing Private Limited |
To see the full deal history of Borax Morarji 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
Borax Morarji Limited has 48 court cases on record: 30 filed by Borax Morarji, 18 filed against it. 4 cases are pending and 44 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 34 | 13 | 4 |
| District courts | 14 | 5 | 0 |
Cases on record (5 of 48)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Company petition | Filed by the company against M/S. Matrix Agrisciences Private Limited | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed by the company against M/S Bhalla Chemical Works Pvt Ltd | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Futura Ceramics (P) Limited and 8 others | Disposed |
| Bombay High Court | Appeal | Filed by the company against M/S. Aarey Drugs and Pharmaceuticals Ltd. | Disposed |
| Bombay High Court | Appeal | Filed by the company against M/S. Pioneer Sales Agencies Pvt. Ltd. | Disposed |
To see the full case history of Borax Morarji 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 Borax Morarji Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Borax Morarji Limited has a workforce of 8 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Borax Morarji has 4 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 Borax Morarji Limited, buy the company report.
Recent activity
Borax Morarji Limited has 19 board changes on record since 1979: 13 appointments and 6 cessations. The latest: Umesh Rajaram Shetkar was appointed as CEO on 10 Aug 2016.
27 earlier events are in the company report.
Frequently asked questions
Borax Morarji 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.
Borax Morarji was a public limited company based in Mumbai, Maharashtra, India. The company worked in specialty chemicals, within the chemicals and materials industry. It was incorporated on 27 August 1963 and is registered under CIN L24100MH1963PLC012706. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Borax Morarji was incorporated on 27 August 1963. It is registered with the Registrar of Companies, Mumbai.
Borax Morarji had 7 directors and KMP:
- Sanjeev Vishwanath Joshi - Director
- Arvind Wasudeo Ketkar - Director
- Dilip Trimbak Gokhale - Director
- Mitika Laxmikumar Goculdas - Director
- Bimal Lalitsingh Goculdas - Director
- Laxmikumar Narottam Goculdas - Director
- Umesh Rajaram Shetkar - Ceo
The CIN (Corporate Identification Number) of Borax Morarji is L24100MH1963PLC012706. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Borax Morarji is recorded as a listed company by MCA, but its shares were delisted from BSE on 08 Jan 2018 · merger, and no longer trade on a stock exchange.
The registered office of Borax Morarji is at Prospect Chambers317 – 21 Dr D N Road, Mumbai, Maharashtra, India – 400001.
Borax Morarji can be reached through the website boraxmorarji.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Borax Morarji on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 26 September 2016. Year-wise statements from 2015 are in the company report.
No. Borax Morarji has 4 GST registrations on record and all of them are cancelled or inactive.