About Platinum Chemicals Limited
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Platinum Chemicals Limited is a public limited company based in Mumbai, Maharashtra, 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 chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 17 April 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U60300MH2006PLC161183. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Rahul Mehta Vasantlal and Nishant Kumar Singh.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Office 206 Wellington Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹14.74 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹9.4 Lakh (net margin -0.6%) and EBITDA of -₹9.4 Lakh (EBITDA margin -0.6%).
As per MCA filings, the company has open charges of ₹7.35 Cr on record. Court records list 24 cases involving the company, including 24 filed against it.
The last known website on record is platinumchemicals.in.
Company details
Contact details
Platinum Chemicals Limited's registered office is in Mumbai, Maharashtra. Its website is platinumchemicals.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice 206 Wellington Business Park 2 Off Andheri – Kurla Road Marol Andheri, (East), Mumbai, Maharashtra, India – 400059
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Platinum Chemicals 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 Platinum Chemicals is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Platinum Chemicals Limited, buy the company report.
Financials of Platinum Chemicals Limited
FY 2017 filings availablePlatinum Chemicals Limited reported revenue of ₹14.74 Cr (up 7% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year. EBITDA fell 187% in the latest 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 | ₹14.74 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹9.4 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹9.4 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -0.6% | ||
| Net Profit Margin | -0.6% | ||
| 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 Platinum Chemicals Limited, buy the company report.
Board of directors of Platinum Chemicals Limited
Platinum Chemicals 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 |
|---|---|---|---|---|
| Rahul Mehta Vasantlal | Director | 01 Dec 2012 | 13 Years 11 Months | As last reported |
| Nishant Kumar Singh | Director | 01 Jun 2015 | 11 Years 5 Months | As last reported |
| Dushyant Bhaskar Rana | Director | 01 May 2007 | 19 Years 6 Months | As last reported |
Auditor
Platinum Chemicals Limited is audited by NALIN RATILAL PANCHAL for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NALIN RATILAL PANCHAL | FY 2017 |
Shareholding
The shareholding of Platinum Chemicals Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Platinum Chemicals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2007 | 10089780 | Indian Overseas Bank | ₹2.75 Cr | Open | |
| 26 Sep 2007 | 10089779 | Indian Overseas Bank | ₹4.6 Cr | Open |
To see the full charge records of Platinum Chemicals Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Platinum Chemicals Limited has 24 court cases on record: 24 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 21 | 0 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Cipla Ltd. | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by M/S Giriraj Speciality Pvt.Ltd Through Mr.Dineshbhai S Patel | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Cipla Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by M/S. Ecl Finance Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Sizer Metals Pvt Ltd | Disposed |
To see the full case history of Platinum Chemicals 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 Platinum Chemicals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Platinum Chemicals 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 Platinum Chemicals Limited, buy the company report.
Recent activity
Platinum Chemicals Limited has 7 board changes on record since 2007: 3 appointments and 4 cessations. The latest: Krishna Rana Dushyant ceased to be Director on 01 Jun 2015.
1 earlier event is in the company report.
Frequently asked questions
Platinum Chemicals 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.
Platinum Chemicals is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 17 April 2006 and is registered under CIN U60300MH2006PLC161183. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Platinum Chemicals has 3 current directors:
- Rahul Mehta Vasantlal - Director
- Nishant Kumar Singh - Director
- Dushyant Bhaskar Rana - Director
The latest financial statements of Platinum Chemicals on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Platinum Chemicals is U60300MH2006PLC161183. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Platinum Chemicals has open charges of ₹7.35 Cr and no satisfied charges on record as per latest MCA filings.
Platinum Chemicals has 24 court cases on record: 24 filed against it. Most are in the district courts.
Platinum Chemicals was incorporated on 17 April 2006. It is registered with the Registrar of Companies, Mumbai.
Krishna Rana Dushyant ceased to be Director on 01 Jun 2015. Nishant Kumar Singh was appointed as Director on 01 Jun 2015. Nishant Kumar Singh ceased to be Additional Director on 01 Jun 2015. Platinum Chemicals has 7 board changes on record in total.
Platinum Chemicals can be reached through the website platinumchemicals.in. Its registered office is in Mumbai, Maharashtra, India.
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