About Piccolo Mosaic Limited
Data last updated:
Piccolo Mosaic Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the ceramics segment of the manufacturing sector. It was incorporated on 01 November 2000.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26911GJ2000PLC038859. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹9.93 Cr and a paid-up capital of ₹4.44 Cr. It was formerly known as Grifine Ceramics Limited. It was led by directors including Pankajkumar Satyanarayan Poddar (Whole-Time Director) and Manoj Satyanarayan Poddar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 14 December 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹85.22 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹8.48 Cr (net margin 9.9%) and EBITDA of ₹15.84 Cr (EBITDA margin 18.6%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 15% over five years.
The company had about 130 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 3 brands: Italia Group, Piccolo and Pmlmosaic. As per MCA filings, the company had satisfied charges of ₹31.92 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 1 case is pending.
The last known website on record is pmlmosaic.in.
Company details
Contact details
Piccolo Mosaic Limited's registered office is in Ahmedabad, Gujarat. Its website is pmlmosaic.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address405 4th Floor Samaan II Opp. Reliance Petrol Pump 100Ft Road An, And Nagar, Ahmedabad, Gujarat, India – 380051
- IndustryManufacturing, Ceramics, Sanitaryware & Tile
To see the full contact details of Piccolo Mosaic 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
Brands
Piccolo Mosaic operates multiple associated brands including Italia Group, PICCOLO, and Pmlmosaic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality tiles and glass mosaics for commercial and residential use. | italiagroup.in | |
| Manufactures high-quality porcelain mosaics for interior and exterior applications. | piccolomosaic.in | |
| Manufactures mosaic products using advanced technology for worldwide clients and projects. | pmlmosaic.in |
Business activity
The main business activity of Piccolo Mosaic 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 Piccolo Mosaic Limited, buy the company report.
Financials of Piccolo Mosaic Limited
FY 2023 filings availablePiccolo Mosaic Limited reported revenue of ₹85.22 Cr (up 29% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 29% growth in the latest year. EBITDA rose 40% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹85.22 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.48 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.6% | ||||
| Net Profit Margin | 9.9% | ||||
| 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 Piccolo Mosaic Limited, buy the company report.
Board of directors of Piccolo Mosaic Limited
Piccolo Mosaic 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 |
|---|---|---|---|---|
| Pankajkumar Satyanarayan Poddar Also directs: Italia Ceramics Limited | Whole-Time Director | 01 Nov 2000 | 25 Years 11 Months | As last reported |
| Pawankumar Satyanarayan Poddar Also directs: Italia Ceramics Limited | Director | 01 Nov 2000 | 25 Years 11 Months | As last reported |
| Manoj Satyanarayan Poddar Also directs: Italia Ceramics Limited | Whole-Time Director | 01 Oct 2012 | 14 Years 0 Months | As last reported |
Auditor
Piccolo Mosaic Limited is audited by KEDIA & KEDIA ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KEDIA & KEDIA ASSOCIATES | FY 2023 | 104954W |
Shareholding
The shareholding of Piccolo Mosaic Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Piccolo Mosaic Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 May 2019 | 100263878 | Axis Bank Limited | ₹11 Lakh | Satisfied | |
| 19 Mar 2016 | 100022057 | Dena Bank | ₹3.45 Cr | Satisfied | |
| 06 Jan 2015 | 10544212 | Icici Bank Limited | ₹8.25 Lakh | Satisfied | |
| 10 Feb 2014 | 10479669 | Axis Bank Limited | ₹2.3 Cr | Satisfied | |
| 24 Sep 2010 | 10247113 | Dena Bank | ₹6 Cr | Satisfied |
To see the full charge records of Piccolo Mosaic Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Piccolo Mosaic Limited has 6 court cases on record: 3 filed by Piccolo Mosaic, 3 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| NCLT | 2 | 0 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
To see the full case history of Piccolo Mosaic 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
Piccolo Mosaic Limited has 3 MSME Form 1 returns on record between 2019 and 2021, listing 5 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sahjanand Pulverisers | |||
| Upper India Inorganic Industries Limited | |||
| Silverline Lighting & Exim (India) Private Limited |
To see the full MSME payment records of Piccolo Mosaic Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Piccolo Mosaic Limited has a workforce of 130 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Piccolo Mosaic 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 Piccolo Mosaic Limited, buy the company report.
Recent activity
Piccolo Mosaic Limited has 11 board changes on record since 2000: 3 appointments and 8 cessations. The latest: Manoj Satyanarayan Poddar ceased to be Director on 01 Apr 2022.
19 earlier events are in the company report.
Frequently asked questions
Piccolo Mosaic has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Piccolo Mosaic was a public limited company based in Ahmedabad, Gujarat, India. The company worked in ceramics, within the manufacturing industry. It was incorporated on 01 November 2000 and is registered under CIN U26911GJ2000PLC038859. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Piccolo Mosaic was incorporated on 01 November 2000. It is registered with the Registrar of Companies, Ahmedabad.
Piccolo Mosaic had 3 directors:
- Pankajkumar Satyanarayan Poddar - Whole-Time Director
- Manoj Satyanarayan Poddar - Whole-Time Director
- Pawankumar Satyanarayan Poddar - Director
The CIN (Corporate Identification Number) of Piccolo Mosaic is U26911GJ2000PLC038859. 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 Piccolo Mosaic is at 405 4th Floor Samaan II Opp. Reliance Petrol Pump 100Ft Road An, And Nagar, Ahmedabad, Gujarat, India – 380051.
Piccolo Mosaic can be reached through the website pmlmosaic.in. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Piccolo Mosaic on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 14 December 2023. Year-wise statements from 2015 are in the company report.
No. Piccolo Mosaic has 1 GST registration on record and it is cancelled or inactive.
Piccolo Mosaic operated in the manufacturing industry, in the ceramics segment.
Piccolo Mosaic has 3 MSME Form 1 returns on record between 2019 and 2021, listing 5 overdue payments to 4 micro and small suppliers. The latest return was filed on 20 Oct 2021.
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