Pelican Paints Limited
About Pelican Paints Limited
Data last updated:
Pelican Paints Limited is a public limited company based in Paithan, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 11 November 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH1982PLC028696. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Shrinivas Damodhar Shinagare and Prashant Ramchandra Jawale.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Plot No B – 21/2 MIDC Paithan, Maharashtra, India – 431107.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.97 Cr. For the same year it recorded a net profit of ₹6.79 Lakh (net margin 3.5%) and EBITDA of ₹19.49 Lakh (EBITDA margin 9.9%).
As per MCA filings, the company has open charges of ₹90 Lakh on record. Court records list 19 cases involving the company, including 3 filed by the company and 16 filed against it; 5 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Pelican Paints has one previous CIN (Corporate Identification Number): U24220MH1982PLC028696. The current CIN is U74110MH1982PLC028696, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH1982PLC028696 | Current |
| U24220MH1982PLC028696 | Previous |
Contact details
Pelican Paints Limited's registered office is in Paithan, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No B – 21/2 MIDC Paithan, Maharashtra, India – 431107
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Pelican Paints 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 Pelican Paints is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Pelican Paints Limited, buy the company report.
Financials of Pelican Paints Limited
FY 2018 filings availablePelican Paints Limited reported revenue of ₹1.97 Cr for FY 2018.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹19.49 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹6.79 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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| Trade Payables | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 9.9% | |||
| Net Profit Margin | 3.5% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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| Current Ratio | ||||
| Quick Ratio | ||||
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| Receivable Days | ||||
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| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Pelican Paints Limited, buy the company report.
Board of directors of Pelican Paints Limited
Pelican Paints has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrinivas Damodhar Shinagare | Director | 25 Mar 2013 | 13 Years 7 Months | Current |
| Prashant Ramchandra Jawale Also directs: Aaryan Eco Processes Private Limited | Director | 25 Mar 2013 | 13 Years 7 Months | Current |
| Vijay Suresh Sukale | Additional Director | 15 Mar 2018 | 8 Years 7 Months | Current |
Auditor
Pelican Paints Limited is audited by MAHAVIR PATNI AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHAVIR PATNI AND ASSOCIATES | FY 2017 | 122180 |
Shareholding
The shareholding of Pelican Paints 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 Pelican Paints Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2017 | 100078008 | Others | ₹90 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Pelican Paints Limited has 19 court cases on record: 3 filed by Pelican Paints, 16 filed against it. 5 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 4 |
| High courts | 6 | 4 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (SPMP) | Filed by the company against Dhanraj Mills Pvt Ltd. and 1 other | Disposed |
| District court, Aurangabad, Maharashtra | Court case (Spl .Dkst) | Filed against the company by an individual | Pending |
| District court, BALLARI, Karnataka | Criminal complaint | Filed against the company by M/S Sree Sai Nandi Cotton Ginning and Pressing Factory,By Its Prop, T.Channappa S/O.Virupakshappa | Pending |
| District court, BALLARI, Karnataka | Criminal complaint | Filed against the company by M/S Sri Banashankari Cotton Ginning, by Its Proprietor, K.Dodda Marenna S/O.Nagapa | Pending |
| District court, BALLARI, Karnataka | Criminal complaint | Filed against the company by M/S Sree Nandi Sai Cotton Mills, by Its Prop, Venkatesh S/O.Gurrappa | Pending |
To see the full case history of Pelican Paints 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 Pelican Paints Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pelican Paints has 2 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 Pelican Paints Limited, buy the company report.
Recent activity
Pelican Paints Limited has 13 board changes on record since 2007: 3 appointments and 10 cessations. The latest: Sanjay Kashinath Shete ceased to be Director on 15 Mar 2018.
5 earlier events are in the company report.
Frequently asked questions
Pelican Paints is an active public limited company based in Paithan, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 11 November 1982 (44+ years old) and is registered under CIN U74110MH1982PLC028696.
Pelican Paints has 3 current directors:
- Shrinivas Damodhar Shinagare - Director
- Prashant Ramchandra Jawale - Director
- Vijay Suresh Sukale - Additional Director
The latest financial statements of Pelican Paints on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Pelican Paints has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Pelican Paints is U74110MH1982PLC028696. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pelican Paints has 19 court cases on record: 3 filed by the company and 16 filed against it. 5 are pending. Most are in the district courts.
Pelican Paints was incorporated on 11 November 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
Sanjay Kashinath Shete ceased to be Director on 15 Mar 2018. Vijay Suresh Sukale was appointed as Additional Director on 15 Mar 2018. Balasaheb Bhanudas Nakhate ceased to be Additional Director on 30 Sep 2013. Pelican Paints has 13 board changes on record in total.
The registered office of Pelican Paints is at Plot No B – 212 MIDC Paithan, Maharashtra, India – 431107.
Pelican Paints operates in the manufacturing industry, in the paint and coatings segment.