Neel Motors LLP
About Neel Motors LLP
Data last updated:
Neel Motors LLP is a limited liability partnership (LLP) based in Pune, Maharashtra, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 13 May 2016 and has been in existence for over 10 years.
The LLP is registered with the Registrar of Companies (ROC), Pune, under LLPIN AAG-3643. The LLP has 1 GST registration on record, which is no longer active.
The LLP has a total obligation of contribution of ₹50 Lakh. It is led by designated partners Sunil Sarojbhai Shah and Akshay Sunil Shah.
Its latest statement of accounts is for the year ended 31 March 2019. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2019, the LLP reported a revenue of ₹9.05 Cr, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹6.88 Cr (net margin -76%) and EBITDA of ₹13.33 Cr (EBITDA margin 147.4%).
As per MCA filings, the LLP has open charges of ₹26.5 Cr on record. Court records list 13 cases involving the LLP, including 1 filed by the LLP and 12 filed against it; 4 cases are pending.
Company details
Contact details
Neel Motors LLP's registered office is in Pune, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressSr. No. 80/2/5 80/2/4 80/2/3 Jaymala Business Centre E Wing Mouje, Manjari Bk, Pune, Maharashtra, India – 412307
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Neel Motors LLP, 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
Financials of Neel Motors LLP
FY 2019 filings availableNeel Motors LLP reported revenue of ₹9.05 Cr (down 86% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 86% in the latest year. EBITDA fell 79% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Statement of Account and Solvency | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Income and Expenditure | |||
| Turnover | |||
| Other Income | |||
| Total Income | ₹9.05 Cr | ||
| Purchases and Direct Costs | |||
| Personnel Expenses | |||
| Administrative Expenses | |||
| Interest | |||
| Depreciation | |||
| Total Expenses | |||
| Profit Before Tax | |||
| Tax | |||
| Profit After Tax | -₹6.88 Cr | ||
| Profit Transferred to Partners | |||
| Assets and Liabilities | |||
| Partners' Contribution | |||
| Reserves and Surplus | |||
| Secured Loans | |||
| Unsecured Loans | |||
| Trade Payables | |||
| Other Liabilities and Provisions | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Loans and Advances | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Statement of Account and Solvency | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| Net Profit Margin | -76% | ||
| Return on Partners' Funds | |||
| Return on Assets | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Debt to Partners' Funds | |||
| Interest Coverage | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Turnover Growth | |||
| Profit Growth | |||
To see the full financial statements and ratios of Neel Motors LLP, buy the company report.
Designated partners of Neel Motors LLP
Neel Motors has 2 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Sarojbhai Shah Also directs: Shah Autolinks LLP | Designated Partner | 13 May 2016 | 10 Years 5 Months | Current |
| Akshay Sunil Shah Also directs: Shah Autolinks LLP | Designated Partner | 13 May 2016 | 10 Years 5 Months | Current |
Auditor
Neel Motors LLP is audited by D P PADIA AND COMPANY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D P PADIA AND COMPANY | FY 2019 | 138650W |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2018 | 100161662 | Federal Bank Limited | ₹1 Cr | Open | |
| 27 Dec 2017 | 100148981 | The Shamrao-Vitthal Co-Op Bank Ltd. | ₹1.5 Cr | Open | |
| 17 Oct 2017 | 100133371 | State Bank of India | ₹4 Cr | Open | |
| 22 Sep 2017 | 100126711 | Federal Bank Limited | ₹5 Cr | Open | |
| 28 Aug 2017 | 100124139 | Federal Bank Limited | ₹10 Cr | Open |
To see the full charge records of Neel Motors LLP, buy the company report.
Total charge records: 6 View all charges
Legal cases
Neel Motors LLP has 13 court cases on record: 1 filed by Neel Motors, 12 filed against it. 4 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 11 | 4 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Kotak Mahindra Prime Limited | Pending |
| District court, Pune, Maharashtra | Court case (Insolvency) | Filed by the company against Yes Bank Limited and 97 others | Pending |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Tata Capital Financial Services Limited | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Yes Bank Ltd | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Icici Bank Ltd. | Disposed |
To see the full case history of Neel Motors LLP, 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
Neel Motors LLP was last rated by Crisil on 12 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 Dec 2019 |
To see the full credit ratings and regulatory alerts of Neel Motors LLP, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Neel Motors LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Neel Motors 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 Neel Motors LLP, buy the company report.
Recent activity
Neel Motors LLP has 3 designated partner changes on record since 2016: 2 appointments and 1 cessation. The latest: Kushal Sunil Shah ceased to be Designated Partner on 31 Mar 2018.
1 earlier event is in the company report.
Frequently asked questions
Neel Motors is an active limited liability partnership based in Pune, Maharashtra, India. The LLP works in auto dealership and trading, within the automotive industry. It was incorporated on 13 May 2016 (10+ years old) and is registered under LLPIN AAG-3643.
Neel Motors has 2 current designated partners:
- Sunil Sarojbhai Shah - Designated Partner
- Akshay Sunil Shah - Designated Partner
The latest financial statements of Neel Motors on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 31 March 2020. Year-wise statements from FY 2017 are in the company report.
No. Neel Motors has 1 GST registration on record and it is cancelled or inactive.
The LLPIN (Limited Liability Partnership Identification Number) of Neel Motors is AAG-3643. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Neel Motors has 13 court cases on record: 1 filed by the LLP and 12 filed against it. 4 are pending. Most are in the district courts.
Neel Motors was incorporated on 13 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
Kushal Sunil Shah ceased to be Designated Partner on 31 Mar 2018. Akshay Sunil Shah was appointed as Designated Partner on 13 May 2016. Sunil Sarojbhai Shah was appointed as Designated Partner on 13 May 2016.
The registered office of Neel Motors is at Sr. No. 8025 8024 8023 Jaymala Business Centre E Wing Mouje, Manjari Bk, Pune, Maharashtra, India – 412307.
Neel Motors operates in the automotive industry, in the auto dealership and trading segment.