About Optima Wires Private Limited
Data last updated:
Optima Wires Private Limited was a private limited company based in Vaghodia, Gujarat, 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 industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 29 May 2008.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28999GJ2008PTC054079. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.75 Cr. It was formerly known as Optima Cube Inframaterials Private Limited. It was led by directors Meera Rajesh Sampat and Rajesh Sampat Govinddas.
Its last annual general meeting (AGM) was held on 24 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 736 GIDC Estate Waghodia, Vaghodia, Gujarat, India – 391760.
As per the financials filed for FY 2018, the company reported a revenue of ₹6.19 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹13.06 Lakh (net margin 2.1%) and EBITDA of ₹70.71 Lakh (EBITDA margin 11.4%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
The company had about 25 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹80.13 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is optimaindia.com.
Company details
CIN history
Optima Wires has one previous CIN (Corporate Identification Number): U29220GJ2008PTC054079. The current CIN is U28999GJ2008PTC054079, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28999GJ2008PTC054079 | Current |
| U29220GJ2008PTC054079 | Previous |
Contact details
Optima Wires Private Limited's registered office is in Vaghodia, Gujarat. Its website is optimaindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address736 GIDC Estate Waghodia, Vaghodia, Gujarat, India – 391760
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Optima Wires 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 Optima Wires is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Optima Wires Private Limited, buy the company report.
Financials of Optima Wires Private Limited
FY 2018 filings availableOptima Wires Private Limited reported revenue of ₹6.19 Cr (up 15% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over three years, including 15% growth in the latest year. EBITDA rose 10% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Total Expenses | ||||
| EBITDA | ₹70.71 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹13.06 Lakh | |||
| Balance Sheet | ||||
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| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 11.4% | |||
| Net Profit Margin | 2.1% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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| Current Ratio | ||||
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| Receivable Days | ||||
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| Net Profit Growth | ||||
To see the full financial statements and ratios of Optima Wires Private Limited, buy the company report.
Board of directors of Optima Wires Private Limited
Optima Wires has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meera Rajesh Sampat Also directs: Optima Stone Technologies LLP, Optima Ultrathin Wires Private Limited, Optima Machinery Private Limited and 1 more | Director | 29 May 2008 | 18 Years 5 Months | As last reported |
| Rajesh Sampat Govinddas Also directs: Optima Stone Technologies LLP, Optima Ultrathin Wires Private Limited, Optima Machinery Private Limited and 1 more | Director | 29 May 2008 | 18 Years 5 Months | As last reported |
Auditor
Optima Wires Private Limited is audited by SHAH SANGHVI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH SANGHVI & CO | FY 2017 | 109794W |
Shareholding
The shareholding of Optima Wires Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Optima Wires Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Oct 2011 | 10310619 | State Bank of India | ₹20.95 Cr | Satisfied | |
| 05 Jul 2011 | 10297286 | State Bank of India | ₹20.95 Cr | Satisfied | |
| 01 Jun 2010 | 10222644 | Kotak Mahindra Bank Limited | ₹22.83 Lakh | Satisfied | |
| 16 Jun 2009 | 10164722 | Bank of Baroda | ₹19 Cr | Satisfied | |
| 15 Jun 2009 | 10164723 | Bank of Baroda | ₹19 Cr | Satisfied |
To see the full charge records of Optima Wires Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Optima Wires Private Limited has 2 court cases on record: 2 filed by Optima Wires. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (COMP) | Filed by the company | Disposed |
| High Court of Gujarat | Commercial suit | Filed by the company | Disposed |
To see the full case history of Optima Wires 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 Optima Wires Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Optima Wires Private Limited has a workforce of 25 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Optima Wires 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 Optima Wires Private Limited, buy the company report.
Recent activity
Optima Wires Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Bindiya Sanjay Kumar Shah ceased to be Director on 15 Feb 2013.
5 earlier events are in the company report.
Frequently asked questions
Optima Wires 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.
Optima Wires was a private limited company based in Vaghodia, Gujarat, India. The company worked in industrial machine tools, within the machinery and equipment industry. It was incorporated on 29 May 2008 and is registered under CIN U28999GJ2008PTC054079. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Optima Wires was incorporated on 29 May 2008. It is registered with the Registrar of Companies, Ahmedabad.
Optima Wires had 2 directors:
- Meera Rajesh Sampat - Director
- Rajesh Sampat Govinddas - Director
The CIN (Corporate Identification Number) of Optima Wires is U28999GJ2008PTC054079. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Optima Wires is at 736 GIDC Estate Waghodia, Vaghodia, Gujarat, India – 391760.
Optima Wires can be reached through the website optimaindia.com. Its registered office is in Vaghodia, Gujarat, India.
The latest financial statements of Optima Wires on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 24 September 2018. Year-wise statements from 2015 are in the company report.
No. Optima Wires has 1 GST registration on record and it is cancelled or inactive.
Optima Wires operated in the machinery and equipment industry, in the industrial machine tools segment.
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