Ocean Empire Lines Limited
About Ocean Empire Lines Limited
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Ocean Empire Lines Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 24 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U35111WB2007PLC118088. Its GSTIN is 19AAACO9589P1ZA (West Bengal). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Ajoy Dhar and Sayantani Dey.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 93/1 Harish Mukherjee Road Ground Floor P.S – Bhawanipur, Kolkata, West Bengal, India – 700026.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.52 Lakh, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹32,223 (net margin 2.8%) and EBITDA of ₹99,938 (EBITDA margin 8.7%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹31.36 Lakh on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ocean Empire Lines Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address93/1 Harish Mukherjee Road Ground Floor P.S – Bhawanipur, Kolkata, West Bengal, India – 700026
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Ocean Empire Lines 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 Ocean Empire Lines is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Ocean Empire Lines Limited, buy the company report.
Financials of Ocean Empire Lines Limited
FY 2023 filings availableOcean Empire Lines Limited reported revenue of ₹11.52 Lakh (up 15% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 30%. EBITDA fell 72% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹11.52 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
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| Total Expenses | |||||
| EBITDA | ₹99,938 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹32,223 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.7% | ||||
| Net Profit Margin | 2.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ocean Empire Lines Limited, buy the company report.
Board of directors of Ocean Empire Lines Limited
Ocean Empire Lines has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajoy Dhar | Director | 24 Aug 2007 | 19 Years 2 Months | Current |
| Sayantani Dey | Director | 05 Jul 2017 | 9 Years 3 Months | Current |
| Sreerupa Dhar | Director | 24 Aug 2007 | 19 Years 2 Months | Current |
Auditor
Ocean Empire Lines Limited is audited by H.K. DAVE & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H.K. DAVE & ASSOCIATES | FY 2023 | 314216E |
Shareholding
The shareholding of Ocean Empire Lines Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ocean Empire Lines Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2021 | 100529385 | Indian Overseas Bank | ₹1.36 Lakh | Open | |
| 08 Nov 2010 | 10254621 | Indian Overseas Bank | ₹30 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Ocean Empire Lines Limited has 8 court cases on record: 2 filed by Ocean Empire Lines, 6 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 3 | 0 |
| District courts | 2 | 2 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Reliance Home Finance Ltd. | Pending |
| High Court | Court case (OCO) | Filed against the company by Eastern Clearing & Forwarding Agency Pvt Ltd | Disposed |
| High Court | Court case (APO) | Filed against the company by Re : Eastern Clearing & Forwarding Agency Pvt Ltd | Disposed |
| High Court | Civil suit | Filed by the company against Eastern Clearing and Forwarding Agency Private Limited | Disposed |
| High Court | Company petition | Filed against the company by Re : Eastern Clearing & Forwarding Agency Pvt Ltd and | Disposed |
To see the full case history of Ocean Empire Lines 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 Ocean Empire Lines Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ocean Empire Lines has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACO9589P1ZA | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ocean Empire Lines Limited, buy the company report.
Recent activity
Ocean Empire Lines Limited has 5 board changes on record since 2007: 3 appointments and 2 cessations. The latest: Mina Dhar ceased to be Director on 06 Jul 2017.
Frequently asked questions
Ocean Empire Lines is an active public limited company based in Kolkata, West Bengal, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 24 August 2007 (19+ years old) and is registered under CIN U35111WB2007PLC118088.
Ocean Empire Lines has 3 current directors:
- Ajoy Dhar - Director
- Sayantani Dey - Director
- Sreerupa Dhar - Director
The latest financial statements of Ocean Empire Lines on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ocean Empire Lines is 19AAACO9589P1ZA, registered in West Bengal. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ocean Empire Lines is U35111WB2007PLC118088. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ocean Empire Lines has 8 court cases on record: 2 filed by the company and 6 filed against it. 2 are pending. Most are in the high courts.
Ocean Empire Lines was incorporated on 24 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Kolkata.
Mina Dhar ceased to be Director on 06 Jul 2017. Sayantani Dey was appointed as Director on 05 Jul 2017. Manoj Kumar Tiwari ceased to be Director on 29 Jan 2016. Ocean Empire Lines has 5 board changes on record in total.
The registered office of Ocean Empire Lines is at 931 Harish Mukherjee Road Ground Floor P.S – Bhawanipur, Kolkata, West Bengal, India – 700026.
Ocean Empire Lines operates in the transport and logistics industry, in the integrated and diversified logistics services segment.