About Petals Innovative Machines Private Limited
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Petals Innovative Machines Private Limited is a private limited company based in Salcete, Goa, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 12 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U01122GA2004PTC003422. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹28.5 Lakh. It was formerly known as Petals Machine Designers Private Limited. It is led by directors Joseph Agnello Dias (Managing Director) and Thresa Joseph Dias.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plot No L/77 Phase Iiverna Industrial Estate Verna Salcete, Goa, India – 403722.
As per the financials filed for FY 2017, the company reported a revenue of ₹42.2 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹1.3 Cr (net margin -308.5%) and EBITDA of -₹76.36 Lakh (EBITDA margin -181%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years.
As per MCA filings, the company has satisfied charges of ₹13.55 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website petalsgroup.com.
Company details
Contact details
Petals Innovative Machines Private Limited's registered office is in Salcete, Goa. Its website is petalsgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No L/77 Phase Iiverna Industrial Estate Verna Salcete, Goa, India – 403722
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Petals Innovative Machines 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
Financials of Petals Innovative Machines Private Limited
FY 2022 filings availablePetals Innovative Machines Private Limited reported revenue of ₹42.2 Lakh (down 96% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over three years, including a 96% fall 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹42.2 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹76.36 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.3 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -181% | ||
| Net Profit Margin | -308.5% | ||
| 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 Petals Innovative Machines Private Limited, buy the company report.
Board of directors of Petals Innovative Machines Private Limited
Petals Innovative Machines 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 |
|---|---|---|---|---|
| Joseph Agnello Dias Also directs: Petals Engineers Private Limited | Managing Director | 01 Jun 2007 | 19 Years 5 Months | Current |
| Thresa Joseph Dias Also directs: Petals Engineers Private Limited | Director | 12 Mar 2004 | 22 Years 7 Months | Current |
Auditor
Petals Innovative Machines Private Limited is audited by A V AROLKAR & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A V AROLKAR & CO | FY 2017 | 100542W |
Shareholding
The shareholding of Petals Innovative Machines Private 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 Petals Innovative Machines Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Oct 2014 | 10535550 | State Bank of India | ₹4 Cr | Satisfied | |
| 17 Feb 2007 | 10039780 | State Bank of India | ₹7.8 Cr | Satisfied | |
| 08 Feb 2005 | 90077675 | State Bank of India | ₹1.75 Cr | Satisfied |
To see the full charge records of Petals Innovative Machines Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Petals Innovative Machines Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (S) | Filed against the company by Akums Drugs Pharmaceuticals Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Akums Drugs Pharmaceuticals Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by Cadila Pharmaceuticla Ltd. | Disposed |
To see the full case history of Petals Innovative Machines 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 Petals Innovative Machines Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Petals Innovative Machines 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 Petals Innovative Machines Private Limited, buy the company report.
Recent activity
Petals Innovative Machines Private Limited has 3 board changes on record since 2004: 2 appointments and 1 cessation. The latest: Lydia Socorrina Peter Samuel ceased to be Director on 15 Nov 2010.
2 earlier events are in the company report.
Frequently asked questions
Petals Innovative Machines is an active private limited company based in Salcete, Goa, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 12 March 2004 (22+ years old) and is registered under CIN U01122GA2004PTC003422.
Petals Innovative Machines has 2 current directors:
- Joseph Agnello Dias - Managing Director
- Thresa Joseph Dias - Director
The latest financial statements of Petals Innovative Machines on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Petals Innovative Machines has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Petals Innovative Machines is U01122GA2004PTC003422. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Petals Innovative Machines has 3 court cases on record: 3 filed against it. 1 is pending. Most are in the district courts.
Petals Innovative Machines was incorporated on 12 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Goa.
Lydia Socorrina Peter Samuel ceased to be Director on 15 Nov 2010. Joseph Agnello Dias was appointed as Managing Director on 01 Jun 2007. Thresa Joseph Dias was appointed as Director on 12 Mar 2004.
Petals Innovative Machines can be reached through the website petalsgroup.com. Its registered office is in Salcete, Goa, India.
The registered office of Petals Innovative Machines is at Plot No L77 Phase Iiverna Industrial Estate Verna Salcete, Goa, India – 403722.
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