Padmavati Intermediates Private Limited
About Padmavati Intermediates Private Limited
Data last updated:
Padmavati Intermediates Private Limited is a private limited company based in Rajkot, Gujarat, 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 chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 16 November 2009.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24224GJ2009PTC058585. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹23.17 Lakh. It is led by directors Rushi Sureshbhai Dattani and Happy Rushi Dattani.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Office No. 111 Shreeji Complex Kansara Bazar, Rajkot, Gujarat, India – 360001.
As per the financials filed for FY 2020, the company reported a revenue of ₹9.2 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹2.43 Cr (net margin -26.5%) and EBITDA of -₹2.29 Cr (EBITDA margin -24.9%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 2% over five years.
As per MCA filings, the company has satisfied charges of ₹4.05 Cr on record. Court records list 24 cases involving the company, including 4 filed by the company and 20 filed against it; 13 cases are pending.
Company details
Contact details
Padmavati Intermediates Private Limited's registered office is in Rajkot, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No. 111 Shreeji Complex Kansara Bazar, Rajkot, Gujarat, India – 360001
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Padmavati Intermediates 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 Padmavati Intermediates is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Padmavati Intermediates Private Limited, buy the company report.
Financials of Padmavati Intermediates Private Limited
FY 2020 filings availablePadmavati Intermediates Private Limited reported revenue of ₹9.2 Cr (down 68% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 68% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 743% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹9.2 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.43 Cr | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -24.9% | ||||
| Net Profit Margin | -26.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Padmavati Intermediates Private Limited, buy the company report.
Board of directors of Padmavati Intermediates Private Limited
Padmavati Intermediates has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rushi Sureshbhai Dattani | Director | 16 Nov 2009 | 16 Years 11 Months | As last reported |
| Happy Rushi Dattani | Director | 21 May 2016 | 10 Years 5 Months | As last reported |
Peer comparison
Padmavati Intermediates Private Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| East Rasayan Chemicals Marketing Pvt Ltd | ₹9.22 Cr (FY 2025) | -8.0% | Kolkata, West Bengal, India | |||
| Padmavati Intermediates Private Limitedthis company | ₹9.2 Cr (FY 2020) | -₹2.43 Cr | -26.5% | -68.0% | Rajkot, Gujarat, India | |
| Nutri Ahar Speciality Products ( India ) Private Limited | ₹9.16 Cr (FY 2017) | 42.0% | Pune, Maharashtra, India | |||
| Av Dyeing & Printing Private Limited | ₹9.14 Cr (FY 2024) | 323448.0% | Delhi, India |
To see the full peer comparison of Padmavati Intermediates Private Limited, buy the company report.
Auditor
Padmavati Intermediates Private Limited is audited by R K DOSHI & CO LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K DOSHI & CO LLP | FY 2019 | 102745W |
Shareholding
The shareholding of Padmavati Intermediates Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Padmavati Intermediates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2017 | 100151525 | Others | ₹2.1 Cr | Satisfied | |
| 30 May 2016 | 100030737 | Hdfc Bank Limited | ₹85 Lakh | Satisfied | |
| 19 Mar 2012 | 10348147 | Dena Bank | ₹1.1 Cr | Satisfied |
To see the full charge records of Padmavati Intermediates Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Padmavati Intermediates Private Limited has 24 court cases on record: 4 filed by Padmavati Intermediates, 20 filed against it. 13 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 19 | 10 |
| NCLT | 3 | 0 | 2 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd | Pending |
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by Shriram Finance Ltd | Pending |
| High Court, GUJARAT | Court case (CR.MA) | Filed by the company against HDFC Bank Ltd. Thro Poa Hardik Mahendrabhai Pathak and 1 other | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ecl Finance Limited. | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Dhani Loans and Services Ltd | Pending |
To see the full case history of Padmavati Intermediates 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 Padmavati Intermediates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Padmavati Intermediates 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 Padmavati Intermediates Private Limited, buy the company report.
Recent activity
Padmavati Intermediates Private Limited has 3 board changes on record since 2009: 2 appointments and 1 cessation. The latest: Happy Rushi Dattani was appointed as Director on 21 May 2016.
1 earlier event is in the company report.
Frequently asked questions
Padmavati Intermediates 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.
Padmavati Intermediates is a company under liquidation, formerly operating as a private limited company based in Rajkot, Gujarat, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 16 November 2009 and is registered under CIN U24224GJ2009PTC058585. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Padmavati Intermediates has 2 current directors:
- Rushi Sureshbhai Dattani - Director
- Happy Rushi Dattani - Director
The latest financial statements of Padmavati Intermediates on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Padmavati Intermediates is U24224GJ2009PTC058585. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Padmavati Intermediates has no open charges and satisfied charges of ₹4.05 Cr as per latest MCA filings.
Padmavati Intermediates has 24 court cases on record: 4 filed by the company and 20 filed against it. 13 are pending. Most are in the district courts.
Padmavati Intermediates was incorporated on 16 November 2009. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Padmavati Intermediates by revenue are East Rasayan Chemicals Marketing Pvt Ltd, Nutri Ahar Speciality Products ( India ) Private Limited, Av Dyeing & Printing Private Limited, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Happy Rushi Dattani was appointed as Director on 21 May 2016. Sureshkumar Hiralal Dattani ceased to be Director on 21 May 2016. Rushi Sureshbhai Dattani was appointed as Director on 16 Nov 2009.
The registered office of Padmavati Intermediates is at Office No. 111 Shreeji Complex Kansara Bazar, Rajkot, Gujarat, India – 360001.
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