About Pincon Spirit Limited
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Pincon Spirit Limited is a public limited company based in Kolkata, West Bengal, 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 alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 29 June 1978.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L67120WB1978PLC031561. The company has 5 GST registrations on record, none of which is active. It is recorded as listed by MCA, but trading in its shares on BSE (538771) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹47.79 Cr. It was formerly known as Sarang Viniyog Ltd. It is led by directors including Aneet Sachar and Sandip Roy Chowdhury.
Its last annual general meeting (AGM) was held on 05 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Wellesleyhouse7 Redcrossplace 3 Rdfloor, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2017, the company reported a revenue of ₹1,420.06 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹43.96 Cr (net margin 3.1%) and EBITDA of ₹95.52 Cr (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years.
The company has about 139 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
The company is associated with 1 brand: PinCon Spirit. As per MCA filings, the company has open charges of ₹349.42 Cr and satisfied charges of ₹225 Cr on record. Court records list 75 cases involving the company, including 19 filed by the company and 56 filed against it; 19 cases are pending. The company has 27 deals on record (23 market trades, 4 funding rounds), with disclosed funding of ₹54.06 Cr; the latest was in November 2017.
The last known website on record is pinconspirit.in.
Company details
CIN history
Pincon Spirit has one previous CIN (Corporate Identification Number): U67120WB1978PLC031561. The current CIN is L67120WB1978PLC031561, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120WB1978PLC031561 | Current |
| U67120WB1978PLC031561 | Previous |
Contact details
Pincon Spirit Limited's registered office is in Kolkata, West Bengal. Its website is pinconspirit.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressWellesleyhouse7 Redcrossplace 3 Rdfloor, Kolkata, West Bengal, India – 700001
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution, Food & Beverage Retail & Distribution
To see the full contact details of Pincon Spirit 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
Pincon Spirit operates one associated brand: PinCon Spirit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Verified news on social reforms and citizens' rights is provided. | pinconspirit.in |
Business activity
The main business activities of Pincon Spirit are manufacturing and trade. In detail, this covers food, beverages and tobacco products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Pincon Spirit Limited, buy the company report.
Financials of Pincon Spirit Limited
FY 2017 filings availablePincon Spirit Limited reported revenue of ₹1,420.06 Cr (up 58% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 59% over three years, including 58% growth in the latest year. EBITDA rose 64% 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 | ₹1,420.06 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹95.52 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹43.96 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 | 6.7% | ||
| Net Profit Margin | 3.1% | ||
| 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 | |||
To see the full financial statements and ratios of Pincon Spirit Limited, buy the company report.
Board of directors and KMP of Pincon Spirit Limited
Pincon Spirit Limited currently reports 3 directors and 1 key managerial person. 35 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aneet Sachar | Director | 24 Jul 2018 | 8 Years 3 Months | As last reported |
| Sandip Roy Chowdhury | Director | 28 Sep 2018 | 8 Years 1 Months | As last reported |
| Navjyot Sachar Singh | Director | 02 Aug 2018 | 8 Years 3 Months | As last reported |
| Arup Thakur Also directs: Yours Laboratories Pvt Ltd, Priya Laboratories Private Limited, Gomukh Commercial Private Limited and 1 more | Cfo | 31 Mar 2015 | 11 Years 7 Months | As last reported |
Auditor
Pincon Spirit Limited is audited by D N MISRA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D N MISRA & CO | FY 2017 | 312021E |
Shareholding
The shareholding of Pincon Spirit 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 Pincon Spirit Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 2016 | 100079747 | Others | ₹1.49 Cr | Open | |
| 21 Sep 2016 | 100079745 | Others | ₹1.24 Cr | Open | |
| 21 Sep 2016 | 100079744 | Others | ₹1.24 Cr | Open | |
| 26 May 2016 | 100035051 | Others | ₹345 Cr | Open | |
| 06 Mar 2014 | 10488585 | Punjab National Bank | ₹45.9 Lakh | Open |
To see the full charge records of Pincon Spirit Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Pincon Spirit Limited has 27 deals on record (23 market trades, 4 funding rounds), with disclosed funding of ₹54.06 Cr; the latest was in November 2017.
Deals on record (5 of 27)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2017 | Market trade | ₹1.47 Cr | Buyer: Shreyans Logistics Private Limited. Seller: Purshottam Investofin Limited |
| Sep 2017 | Funding round | ₹14.6 Cr | Investors: Pincers Commodities Private Limited , Ecospace Infotech Private Limited |
| Jul 2016 | Market trade | ₹1.1 Cr | Buyer: Youthvision Commodities Private Limited Seller: Youthvision Commodities Private Limited |
| Jun 2016 | Market trade | ₹1.23 Cr | Buyer: Springtime Engineering Private Limited Seller: Youthvision Commodities Private Limited |
| May 2016 | Market trade | ₹2 Cr | Buyer: Youthvision Commodities Private Limited |
To see the full deal history of Pincon Spirit Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pincon Spirit Limited has 75 court cases on record: 19 filed by Pincon Spirit, 56 filed against it. 19 cases are pending and 56 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 55 | 54 | 17 |
| High courts | 18 | 0 | 0 |
| NCLAT | 2 | 2 | 2 |
Cases on record (5 of 75)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bathinda, Punjab | Commercial suit | Filed against the company by M/S BCL Industries and Infrastructures Ltd | Pending |
| High Court, PUNJAB | Criminal miscellaneous application | Filed by the company against M/S BCL Industries and Infrastructures Ltd | Disposed |
| District court, Bathinda, Punjab | Commercial suit | Filed against the company by M/S BCL Industries and Infrastructures Ltd | Disposed |
| High Court | Civil suit | Filed by the company against Crisil Ltd | Disposed |
| District court, Dhamtari, Chhattisgarh | Court case (SUCCESSION COURT) | Filed against the company | Pending |
To see the full case history of Pincon Spirit 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 Pincon Spirit Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Pincon Spirit has 6 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Yours Laboratories Pvt Ltd | U24231WB2005PTC106783 | |
| Yours Laboratories Pvt Ltd | U24231WB2005PTC106783 | |
| Priya Laboratories Private Limited | U24246WB2003PTC097219 | |
| Priya Laboratories Private Limited | U24246WB2003PTC097219 | |
| Paul Distributors Pvt Ltd | U51109WB1995PTC072426 | |
| Paul Distributors Pvt Ltd | U51109WB1995PTC072426 |
To see the full group structure of Pincon Spirit Limited, buy the company report.
Employees & EPFO
Pincon Spirit Limited has a workforce of 139 employees on its EPFO records as of Sep 2017, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 139 |
| FY 2016-17 |
To see the full employee and EPFO history of Pincon Spirit Limited, buy the company report.
GST
Pincon Spirit has 5 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 Pincon Spirit Limited, buy the company report.
Recent activity
Pincon Spirit Limited has 72 board changes on record since 2005: 38 appointments and 34 cessations. The latest: Madhu Dutta ceased to be Director on 14 Jun 2019.
95 earlier events are in the company report.
News
Frequently asked questions
Pincon Spirit 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.
Pincon Spirit is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 29 June 1978 and is registered under CIN L67120WB1978PLC031561. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pincon Spirit has 4 current directors and KMP:
- Aneet Sachar - Director
- Sandip Roy Chowdhury - Director
- Navjyot Sachar Singh - Director
- Arup Thakur - Cfo
The latest financial statements of Pincon Spirit on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 05 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pincon Spirit is L67120WB1978PLC031561. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pincon Spirit is recorded as a listed company by MCA, but trading in its shares on BSE (538771) has been suspended, so they do not currently trade on a stock exchange.
Pincon Spirit has open charges of ₹349.42 Cr and satisfied charges of ₹225 Cr as per latest MCA filings.
Pincon Spirit has 75 court cases on record: 19 filed by the company and 56 filed against it. 19 are pending. Most are in the district courts.
Pincon Spirit was incorporated on 29 June 1978. It is registered with the Registrar of Companies, Kolkata.
Pincon Spirit has 27 deals on record (23 market trades, 4 funding rounds), with disclosed funding of ₹54.06 Cr; the latest was in November 2017.
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