MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-GJ-25-0011691
Otc Spices Private Limited - food and beverages in Umbergaon, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹4.41 Cr
▼ 30% YoY
Net profit · FY 2021
₹6.79 Lakh
Net margin 1.5%
EBITDA · FY 2021
₹78.21 Lakh
EBITDA margin 17.7%
Authorised capital
₹2.3 Cr
Registered with MCA
Paid-up capital
₹2.16 Cr
Issued & subscribed
Open charges
₹3.4 Cr
Satisfied ₹5.03 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
4
Provident fund records
About Otc Spices Private Limited
Data last updated:
Otc Spices Private Limited is a private limited company based in Umbergaon, Gujarat, India. It operates in the spice manufacturing and distribution segment of the food and beverages sector. It was incorporated on 16 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15495GJ2012PTC069472. Its GSTIN is 24AABCO6272C1ZR (Gujarat).
The company has an authorised share capital of ₹2.3 Cr and a paid-up capital of ₹2.16 Cr. It is led by directors including Shambhulal Jivram Bhanushali and Arvind Babulal Bhanushali.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Umbergaon, Gujarat.
As per the financials filed for FY 2021, the company reported a revenue of ₹4.41 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹6.79 Lakh (net margin 1.5%) and EBITDA of ₹78.21 Lakh (EBITDA margin 17.7%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.4 Cr and satisfied charges of ₹5.03 Cr on record. Court records list 11 cases involving the company, including 11 filed against it; 8 cases are pending. The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹1.25 Cr; the latest was in March 2018.
Otc Spices Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0011691). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website otcspices.com.
Company details
CIN U15495GJ2012PTC069472
Registration Number 069472
Incorporation Date 16 March 2012
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-25-0011691
Key People
Shambhulal Jivram Bhanushali Director Arvind Babulal Bhanushali Director Babulal Jivram Bhanushali Director Recognitions & Rankings of Otc Spices
Contact details
Otc Spices Private Limited's registered office is in Umbergaon, Gujarat. Its website is otcspices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlo No. C1/2 First Phase, GIDC Umbergoan, Umbergaon, Gujarat, India – 396171
- IndustryFood and Beverages, Spice Manufacturing & Distribution
To see the full contact details of Otc Spices Private Limited, buy the company report.
Comprehensive company report
Otc Spices Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Otc Spices is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Otc Spices Private Limited, buy the company report.
Financials of Otc Spices Private Limited
FY 2021 filings availableOtc Spices Private Limited reported revenue of ₹4.41 Cr (down 30% YoY) for FY 2021.
Revenue · FY 2021
₹4.41 Cr ▼ 30%
Net profit · FY 2021
₹6.79 Lakh margin 1.5%
EBITDA · FY 2021
₹78.21 Lakh margin 17.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 60%
5 years · compounded
▲ 14%
Revenue has declined at a compounded annual rate (CAGR) of 5% over three years, including a 30% fall in the latest year. EBITDA rose 45% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.41 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹78.21 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.79 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.7% | ||||
| Net Profit Margin | 1.5% | ||||
| 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 Otc Spices Private Limited, buy the company report.
Board of directors of Otc Spices Private Limited
Otc Spices has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shambhulal Jivram Bhanushali | Director | 16 Mar 2012 | 14 Years 7 Months | Current |
| Arvind Babulal Bhanushali | Director | 16 Mar 2012 | 14 Years 7 Months | Current |
| Babulal Jivram Bhanushali | Director | 16 Mar 2012 | 14 Years 7 Months | Current |
| Bharat Babulal Bhanushali | Director | 16 Mar 2012 | 14 Years 7 Months | Current |
Auditor
Otc Spices Private Limited is audited by NILESH I VELANI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NILESH I VELANI & ASSOCIATES | FY 2021 | 127537W |
Shareholding
The shareholding of Otc Spices Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Otc Spices Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.4 Cr
Satisfied charges
₹5.03 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2020 | 100388712 | State Bank of India | ₹3.4 Cr | Open | |
| 11 Jan 2018 | 100150286 | Others | ₹4.13 Cr | Satisfied | |
| 10 Apr 2014 | 10489021 | Bank of Baroda | ₹41.25 Lakh | Satisfied | |
| 10 Jan 2013 | 10399113 | Bank of Baroda | ₹49 Lakh | Satisfied |
To see the full charge records of Otc Spices Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Otc Spices Private Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹1.25 Cr; the latest was in March 2018.
Total deals
4
Funding rounds
2
Rights issue
1
Secondary share transfer
1
Disclosed funding
₹1.25 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Rights issue | ₹86.4 Lakh | Investors: 4 individuals |
| Mar 2017 | Funding round | ₹1 Cr | Investors: 4 individuals |
| Jan 2014 | Funding round | ₹25 Lakh | Investors: 4 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Otc Spices Private Limited has 11 court cases on record: 11 filed against it. 8 cases are pending and 3 are disposed.
Total cases
11
Filed against the company
11
Pending
8
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 8 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Court case (SPCS) | Filed against the company by Shambhulal Jivram Bhanushali Director of Otc Spices Pvt. Ltd. | Pending |
| District court, Sangli, Maharashtra | Civil suit | Filed against the company by Vyankatesh Traders Through Partner Shrikant Nandkishor Sarda | Pending |
| District court, Sangli, Maharashtra | Civil suit | Filed against the company by M/S. Shah Kesurdas Madhavji and Company Thru. Pratap Lallubhai Shah and 1 other | Pending |
| District court, Erode, Tamil Nadu | Criminal case | Filed against the company by Shri Raamakrishnaa Agro Foods | Pending |
| District court, Sangli, Maharashtra | Civil suit | Filed against the company by M/S Shah Kesurdas Madhavji and Company Thru Pratap Lallubhai Shah and 1 other | Pending |
To see the full case history of Otc Spices 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 Otc Spices Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Otc Spices Private Limited has a workforce of 4 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
Employee growth
-20%
GST
Otc Spices has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCO6272C1ZR | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Otc Spices Private Limited, buy the company report.
Recent activity
Otc Spices Private Limited has 4 board changes on record since 2012: 4 appointments. The latest: Arvind Babulal Bhanushali was appointed as Director on 16 Mar 2012.
AGM
Otc Spices Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Filing
Otc Spices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Ahmedabad.
Charges
A charge registered on 11 Jan 2018 via Charge ID 100150286 with Others was fully satisfied on 28 Jan 2021.
Charges
A charge registered on 10 Apr 2014 via Charge ID 10489021 with Bank Of Baroda was fully satisfied on 28 Jan 2021.
Charges
A charge registered on 10 Jan 2013 via Charge ID 10399113 with Bank Of Baroda was fully satisfied on 28 Jan 2021.
Charges
A charge with State Bank Of India of Rs. 3.40 Cr registered on 01 Oct 2020 with Charge ID 100388712 was modified on 03 Nov 2020.
Charges
A charge with State Bank Of India amounted to Rs. 3.40 Cr with Charge ID 100388712 was registered on 01 Oct 2020.
Charges
A charge with Others amounted to Rs. 4.13 Cr with Charge ID 100150286 was registered on 11 Jan 2018.
Charges
A charge with Bank Of Baroda amounted to Rs. 0.41 Cr with Charge ID 10489021 was registered on 10 Apr 2014.
Charges
A charge with Bank Of Baroda of Rs. 0.49 Cr registered on 10 Jan 2013 with Charge ID 10399113 was modified on 09 Apr 2014.
Charges
A charge with Bank Of Baroda amounted to Rs. 0.49 Cr with Charge ID 10399113 was registered on 10 Jan 2013.
Appointed
Arvind Babulal Bhanushali was appointed as Director.
4 earlier events are in the company report.
Frequently asked questions
Otc Spices is an active private limited company based in Umbergaon, Gujarat, India. The company works in spice manufacturing and distribution, within the food and beverages industry. It was incorporated on 16 March 2012 (14+ years old) and is registered under CIN U15495GJ2012PTC069472.
Otc Spices has 4 current directors:
- Shambhulal Jivram Bhanushali - Director
- Arvind Babulal Bhanushali - Director
- Babulal Jivram Bhanushali - Director
- Bharat Babulal Bhanushali - Director
The latest financial statements of Otc Spices on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Otc Spices is 24AABCO6272C1ZR, registered in Gujarat.
The CIN (Corporate Identification Number) of Otc Spices is U15495GJ2012PTC069472. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Otc Spices has 11 court cases on record: 11 filed against it. 8 are pending.
Otc Spices was incorporated on 16 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Otc Spices has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹1.25 Cr; the latest was in March 2018.
Arvind Babulal Bhanushali was appointed as Director on 16 Mar 2012. Babulal Jivram Bhanushali was appointed as Director on 16 Mar 2012. Bharat Babulal Bhanushali was appointed as Director on 16 Mar 2012. Otc Spices has 4 board changes on record in total.
Yes, Otc Spices is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-25-0011691).
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