Patiala Solvex Private Limited
About Patiala Solvex Private Limited
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Patiala Solvex Private Limited was a private limited company based in Patiala, Punjab, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 13 July 2016.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U15119PB2016PTC045509. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹90 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors including Satnam Singh and Balwinder Singh.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at C/O Patiala Solvex Private Limited Ramgarh Channa Road Vill. Lalauda Teh., Nabha, Punjab, India – 147201.
As per the financials filed for FY 2019, the company reported a revenue of ₹23.94 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹3.4 Lakh (net margin -0.1%) and EBITDA of ₹73.58 Lakh (EBITDA margin 3.1%).
The company had about 10 employees on its provident fund (EPFO) records before it was struck off.
As per MCA filings, the company had satisfied charges of ₹6.9 Cr on record.
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- Registered AddressC/O Patiala Solvex Private Limited Ramgarh Channa Road Vill. Lalauda Teh., Nabha, Punjab, India – 147201
- IndustryFood and Beverages, Edible Oils & Cooking Fats
- 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
- One PDF report, delivered after checkout
Business Activity of Patiala Solvex Private Limited
The main business activity of Patiala Solvex is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Patiala Solvex Private Limited FY 2019 filings available
Patiala Solvex Private Limited reported revenue of ₹23.94 Cr (up 41% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Patiala Solvex Private Limited
Revenue rose 41% in the latest year. EBITDA fell 10% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Patiala Solvex Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹23.94 Cr | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹73.58 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.4 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 of Patiala Solvex Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 3.1% | •••• | •••• |
| Net Profit Margin | -0.1% | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Patiala Solvex are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Patiala Solvex Private Limited
Patiala Solvex Private Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Edible Oils). Its own revenue is ₹23.94 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Living Foods India Private Limited | ₹24.52 Cr | •••• | •••• | •••• | 29 | Mumbai, Maharashtra, India |
| Chechani Agro Industries Private Limited | ₹24.48 Cr | •••• | •••• | •••• | - | Bhilwara, Rajasthan, India |
| Viteleaf Agrotech Private Limited | ₹24.42 Cr | •••• | •••• | •••• | - | Delhi, India |
| Thacker Caterers Pvt Ltd | ₹24.2 Cr | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Jaya Coconut Oil Private Limited | ₹24.03 Cr | •••• | •••• | •••• | 49 | Kolkata, West Bengal, India |
| Patiala Solvex Private Limited this company | ₹23.94 Cr | •••• | •••• | •••• | - | Patiala, Punjab, India |
| Govind Grains Private Limited | ₹23.76 Cr | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Harjas Global Deals Private Limited | ₹23.74 Cr | •••• | •••• | •••• | - | Ludhiana, Punjab, India |
| K P K Oils and Proteins India Private Limited | ₹23.69 Cr | •••• | •••• | •••• | - | Dharapuram, Tamil Nadu, India |
| Kailadevi Edible Products Private Limited | ₹23.62 Cr | •••• | •••• | •••• | 18 | Bhind, Madhya Pradesh, India |
| Lakda Dal and Oil Mills Private Limited | ₹23.2 Cr | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Patiala Solvex by revenue in the Food and Beverages industry (Edible Oils), from the latest filed financials of each company. Net profit, margin and growth of each peer are in the company report.
Auditor Details of Patiala Solvex Private Limited
Patiala Solvex Private Limited is audited by S MANN & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S MANN & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Patiala Solvex Private Limited
Patiala Solvex has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satnam Singh | Director | 22 Dec 2017 | 8 Years 9 Months | As last reported |
| Balwinder Singh | Director | 13 Jul 2016 | 10 Years 2 Months | As last reported |
| Ranpreet Kaur | Additional Director | 04 Jul 2022 | 4 Years 3 Months | As last reported |
Ownership and Shareholding of Patiala Solvex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Patiala Solvex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Nov 2016 | Others | ₹6.9 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Patiala Solvex Private Limited
Patiala Solvex Private Limited has a workforce of 10 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Patiala Solvex Private Limited
Patiala Solvex Private Limited has 7 board changes on record since 2016: 3 appointments and 4 cessations. The latest: Ranpreet Kaur was appointed as Additional Director on 04 Jul 2022.
Credit Ratings, Litigation & Regulatory Alerts for Patiala Solvex Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Patiala Solvex Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Patiala Solvex Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Patiala Solvex Private Limited
Patiala Solvex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Patiala Solvex Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Patiala Solvex Private Limited
Patiala Solvex has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Patiala Solvex was a private limited company based in Patiala, Punjab, India. The company worked in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 13 July 2016 and is registered under CIN U15119PB2016PTC045509. The company has been struck off by the Registrar of Companies and is no longer operational.
Patiala Solvex had 3 directors:
- Satnam Singh - Director
- Balwinder Singh - Director
- Ranpreet Kaur - Additional Director
The CIN (Corporate Identification Number) of Patiala Solvex is U15119PB2016PTC045509. 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 Patiala Solvex is at CO Patiala Solvex Ramgarh Channa Road Vill. Lalauda Teh., Nabha, Punjab, India – 147201.
Patiala Solvex was incorporated on 13 July 2016. It is registered with the Registrar of Companies, Chandigarh.
Patiala Solvex reported revenue of ₹23.94 Cr for FY 2019 (up 41% YoY).
Patiala Solvex has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹10 Lakh.
Patiala Solvex reported a net loss of ₹3.4 Lakh (net margin -0.1%) and EBITDA of ₹73.58 Lakh (EBITDA margin 3.1%) for FY 2019, as per its filed financial statements.
No. Patiala Solvex has 1 GST registration on record and it is cancelled or inactive.
Patiala Solvex operated in the food and beverages industry, in the edible oils and cooking fats segment. It worked in this industry before it was struck off.