Romega Foam Private Limited
About Romega Foam Private Limited
Data last updated:
Romega Foam Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 26 May 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U52599TN1994PTC027636. 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 Verghese Ninan and Sheeba Ninan.
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 81 Mc.Nichols Road Chetput Ms – 31 Tamilnadu, Chennai, Tamil Nadu, India – 600031.
As per the financials filed for FY 2017, the company reported a revenue of ₹17.69 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹8.13 Lakh (net margin 0.5%) and EBITDA of ₹1.67 Cr (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.02 Cr and satisfied charges of ₹1.89 Cr on record. Court records list 26 cases involving the company, including 18 filed by the company and 8 filed against it; 6 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Romega Foam Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address81 Mc.Nichols Road Chetput Ms – 31 Tamilnadu, Chennai, Tamil Nadu, India – 600031
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Romega Foam 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
Business activity
The main business activity of Romega Foam is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Romega Foam Private Limited, buy the company report.
Financials of Romega Foam Private Limited
FY 2017 filings availableRomega Foam Private Limited reported revenue of ₹17.69 Cr (up 20% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over three years, including 20% growth in the latest year. EBITDA rose 5% 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 | ₹17.69 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.67 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹8.13 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 | 9.4% | ||
| Net Profit Margin | 0.5% | ||
| 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 Romega Foam Private Limited, buy the company report.
Board of directors of Romega Foam Private Limited
Romega Foam has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Verghese Ninan Also directs: Good Sleep Comforts Private Limited | Director | 23 Aug 2004 | 22 Years 2 Months | Current |
| Sheeba Ninan Also directs: Good Sleep Comforts Private Limited | Director | 26 May 1994 | 32 Years 5 Months | Current |
Auditor
Romega Foam Private Limited is audited by S IYAPPAN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S IYAPPAN & CO | FY 2017 | 005976S |
Shareholding
The shareholding of Romega Foam 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 Romega Foam Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2011 | 10275776 | State Bank of India | ₹10.42 Cr | Open | |
| 22 Jan 2009 | 10144917 | State Bank of Indore | ₹2.6 Cr | Open | |
| 28 Dec 1998 | 90294628 | The South India Bank Limited | ₹1.89 Cr | Satisfied |
To see the full charge records of Romega Foam Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Romega Foam Private Limited has 26 court cases on record: 18 filed by Romega Foam, 8 filed against it. 6 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 7 | 2 |
| High courts | 6 | 1 | 4 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by Sri Balaha Chemicals Pvt Ltd Rep by Its Administrative Officer Mr J S Harsha | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S. Pon Pure Chemical India Pvt Ltd Rep by Jino Anthony, Senior Manager-Legal | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Registrar and 6 others | Pending |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The Registrar and 7 others | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Romega Foam 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.
Credit ratings & regulatory alerts
Romega Foam Private Limited was last rated by Crisil on 25 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 25 Nov 2020 |
To see the full credit ratings and regulatory alerts of Romega Foam Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Romega Foam Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Romega Foam 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 Romega Foam Private Limited, buy the company report.
Recent activity
Romega Foam Private Limited has 2 board changes on record since 1994: 2 appointments. The latest: Verghese Ninan was appointed as Director on 23 Aug 2004.
Frequently asked questions
Romega Foam is an active private limited company based in Chennai, Tamil Nadu, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 26 May 1994 (32+ years old) and is registered under CIN U52599TN1994PTC027636.
Romega Foam has 2 current directors:
- Verghese Ninan - Director
- Sheeba Ninan - Director
The latest financial statements of Romega Foam 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.
No. Romega Foam has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Romega Foam is U52599TN1994PTC027636. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Romega Foam has 26 court cases on record: 18 filed by the company and 8 filed against it. 6 are pending. Most are in the district courts.
Romega Foam was incorporated on 26 May 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chennai.
Verghese Ninan was appointed as Director on 23 Aug 2004. Sheeba Ninan was appointed as Director on 26 May 1994.
The registered office of Romega Foam is at 81 Mc.Nichols Road Chetput Ms – 31 Tamilnadu, Chennai, Tamil Nadu, India – 600031.
Romega Foam operates in the machinery and equipment industry, in the industrial machinery manufacturing segment.
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