About Opal Asia (India) Private Limited
Data last updated:
Opal Asia (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 11 September 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2007PTC174028. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.6 Cr. It was formerly known as Opal Asia Depot (India) Private Limited and Opal Hindustan Warehousing & Multimodal Private Limited. It is led by directors Anuradha Menon and Ajith Menon.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 603 Sabari Samridhi Opp. Union Park Sion – Trombay Road Chembur, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2016, the company reported a revenue of ₹67.77 Cr, a growth of 67% compared to the previous year. For the same year it recorded a net profit of ₹97.54 Lakh (net margin 1.4%) and EBITDA of ₹4.73 Cr (EBITDA margin 7%).
The company has about 52 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹46.92 Cr on record. Court records list 205 cases involving the company, including 7 filed by the company and 198 filed against it; 76 cases are pending. The company has 5 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹57 Lakh; the latest was in March 2017.
The last known website on record is opalasia.in.
Company details
Name history
Opal Asia (India) has undergone 2 name changes throughout its history. The company was previously known as Opal Asia Depot (India) Private Limited, and Opal Hindustan Warehousing & Multimodal Private Limited. The current legal name is Opal Asia (India) Private Limited.
| Company Name | Status |
|---|---|
| Opal Asia (India) Private Limited | Current |
| Opal Asia Depot (India) Private Limited | Previous |
| Opal Hindustan Warehousing & Multimodal Private Limited | Previous |
Contact details
Opal Asia (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is opalasia.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address603 Sabari Samridhi Opp. Union Park Sion – Trombay Road Chembur, Mumbai, Maharashtra, India – 400071
- IndustryEngineering, Metal Foundry & Fabrication Services, Industrial Maintenance & Repair Services
To see the full contact details of Opal Asia (India) 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 Opal Asia (India) is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Opal Asia (India) Private Limited, buy the company report.
Financials of Opal Asia (India) Private Limited
FY 2017 filings availableOpal Asia (India) Private Limited reported revenue of ₹67.77 Cr (up 67% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 67% in the latest year. EBITDA rose 101% 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 | ₹67.77 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹4.73 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹97.54 Lakh | |
| 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 | 7% | |
| Net Profit Margin | 1.4% | |
| 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 Opal Asia (India) Private Limited, buy the company report.
Board of directors of Opal Asia (India) Private Limited
Opal Asia (India) has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anuradha Menon | Director | 04 Aug 2015 | 11 Years 3 Months | As last reported |
| Ajith Menon | Director | 11 Sep 2007 | 19 Years 2 Months | As last reported |
Auditor
Opal Asia (India) Private Limited is audited by APPAN & LOKHANDWALA ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| APPAN & LOKHANDWALA ASSOCIATES | FY 2016 | 117040W |
Shareholding
The shareholding of Opal Asia (India) Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Opal Asia (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2018 | 100178935 | Hdfc Bank Limited | ₹1.71 Cr | Open | |
| 29 Oct 2017 | 100147818 | Hdfc Bank Limited | ₹11 Cr | Open | |
| 25 Sep 2017 | 100146666 | Hdfc Bank Limited | ₹20 Lakh | Open | |
| 26 Jul 2017 | 100115862 | Others | ₹30 Lakh | Open | |
| 30 Jun 2017 | 100114421 | Others | ₹4.16 Cr | Open |
To see the full charge records of Opal Asia (India) Private Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Opal Asia (India) Private Limited has 5 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹57 Lakh; the latest was in March 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Rights issue | ₹1 Cr | Investors: an individual |
| Mar 2012 | Funding round | ₹8 Lakh | Investors: an individual |
| Mar 2010 | Acquisition | ₹1.02 Cr | Buyer: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Opal Asia Logistics (India) Private Limited , an individual Seller: Perma Container Line (India) Private Limited , 2 individuals |
| Jun 2008 | Funding round | ₹49 Lakh | Investors: Perma Container Line (India) Private Limited , an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Opal Asia (India) Private Limited has 205 court cases on record: 7 filed by Opal Asia (India), 198 filed against it. 76 cases are pending and 129 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 181 | 177 | 75 |
| High courts | 22 | 19 | 1 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 205)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kotak Mahindra Bank Limited | Pending |
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by Shriram Finance Ltd | Pending |
| High Court, MAHARASHTRA | Court case (EXA) | Filed against the company by Moneywise Financial Services Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by M/S Poseidon Shipping Agency Pvt. Ltd. | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
To see the full case history of Opal Asia (India) 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Opal Asia (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Opal Asia (India) has 2 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Opal Asia (Gujarat) Private Limited | U63090GJ2015PTC082309 | |
| Opal Asia Marine Services (India) Private Limited | U74900MH2007PTC173611 |
To see the full group structure of Opal Asia (India) Private Limited, buy the company report.
GST
Opal Asia (India) has 10 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 Opal Asia (India) Private Limited, buy the company report.
Recent activity
Opal Asia (India) Private Limited has 8 board changes on record since 2007: 2 appointments and 6 cessations. The latest: Sabu Vayalmutteathu Varghese ceased to be Director on 16 Dec 2016.
26 earlier events are in the company report.
Frequently asked questions
Opal Asia (India) is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Opal Asia (India) is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 11 September 2007 and is registered under CIN U74999MH2007PTC174028. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Opal Asia (India) has 2 current directors:
- Anuradha Menon - Director
- Ajith Menon - Director
The latest financial statements of Opal Asia (India) on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Opal Asia (India) is U74999MH2007PTC174028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Opal Asia (India) has open charges of ₹46.92 Cr and no satisfied charges on record as per latest MCA filings.
Opal Asia (India) has 205 court cases on record: 7 filed by the company and 198 filed against it. 76 are pending. Most are in the district courts.
Opal Asia (India) was incorporated on 11 September 2007. It is registered with the Registrar of Companies, Mumbai.
Opal Asia (India) has 5 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹57 Lakh; the latest was in March 2017.
Sabu Vayalmutteathu Varghese ceased to be Director on 16 Dec 2016. Anuradha Menon ceased to be Additional Director on 30 Sep 2015. Anuradha Menon was appointed as Director on 04 Aug 2015. Opal Asia (India) has 8 board changes on record in total.
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