Sancoale Shipping Limited
About Sancoale Shipping Limited
Data last updated:
Sancoale Shipping Limited was a public limited company based in Goa, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 21 December 1971.
The company was registered with the Registrar of Companies (ROC), Goa, under CIN U35111GA1971PLC000131. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.29 Cr.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Below La – Paz Hotelnear Municipal Garden Vasco – Da – Gama, Goa, India – 403802.
As per the financials filed for FY 2019, the company reported a revenue of ₹7.04 Lakh, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹10.31 Lakh (net margin -146.4%) and EBITDA of -₹8.87 Lakh (EBITDA margin -126%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years.
As per MCA filings, the company has satisfied charges of ₹1.86 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
Company details
Contact details
Sancoale Shipping Limited's registered office is in Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBelow La – Paz Hotelnear Municipal Garden Vasco – Da – Gama, Goa, India – 403802
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Sancoale Shipping 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 Sancoale Shipping is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Sancoale Shipping Limited, buy the company report.
Financials of Sancoale Shipping Limited
FY 2019 filings availableSancoale Shipping Limited reported revenue of ₹7.04 Lakh (down 54% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 59% over three years, including a 54% fall in the latest year. EBITDA rose 9% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹8.87 Lakh | ||||
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| Net Profit (PAT) | -₹10.31 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | -126% | ||||
| Net Profit Margin | -146.4% | ||||
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To see the full financial statements and ratios of Sancoale Shipping Limited, buy the company report.
Board of directors of Sancoale Shipping Limited
Sancoale Shipping has 7 former directors on record and no current directors listed.
Auditor
Sancoale Shipping Limited is audited by Y P K & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y P K & ASSOCIATES | FY 2017 | 129532W |
Shareholding
The shareholding of Sancoale Shipping 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 Sancoale Shipping Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Nov 2007 | 10093657 | Saraswat Co-Operative Bank Ltd. | ₹7 Lakh | Satisfied | |
| 15 Mar 2007 | 10042240 | The Saraswat Co-Operative Bank Ltd | ₹8 Lakh | Satisfied | |
| 17 Nov 2003 | 90065659 | Icici Bank Ltd. | ₹6 Lakh | Satisfied | |
| 25 Nov 1997 | 90064994 | Small Industries Development Bank of Iindia | ₹1.55 Cr | Satisfied | |
| 08 Jul 1997 | 90065283 | Bank of Baroda | ₹10 Lakh | Satisfied |
To see the full charge records of Sancoale Shipping Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Sancoale Shipping Limited has 5 court cases on record: 2 filed by Sancoale Shipping, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Court case (MVA) | Filed against the company by State of Goa | Disposed |
| District court, South Goa, Goa | Court case (REXA) | Filed by the company against individuals | Disposed |
| District court, South Goa, Goa | Court case (SEXA) | Filed by the company against an individual | Disposed |
| Bombay High Court | Appeal | Filed against the company by M/S Stirling Shipping and Anr., | Disposed |
| Bombay High Court | Appeal | Filed against the company by M/S Stirling Shipping and Anr., | Disposed |
To see the full case history of Sancoale Shipping 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 Sancoale Shipping Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sancoale Shipping 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 Sancoale Shipping Limited, buy the company report.
Recent activity
Sancoale Shipping Limited has 7 board changes on record since 2012: 0 appointments and 7 cessations. The latest: Jaya Prakash Saraswat ceased to be Director on 20 Jan 2020.
9 earlier events are in the company report.
Frequently asked questions
Sancoale Shipping has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Sancoale Shipping was a public limited company based in Goa, India. The company worked in shipping and maritime services, within the transport and logistics industry. It was incorporated on 21 December 1971 and is registered under CIN U35111GA1971PLC000131. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Sancoale Shipping is U35111GA1971PLC000131. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sancoale Shipping was incorporated on 21 December 1971. It is registered with the Registrar of Companies, Goa.
The registered office of Sancoale Shipping is at Below La – Paz Hotelnear Municipal Garden Vasco – Da – Gama, Goa, India – 403802.
The latest financial statements of Sancoale Shipping on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Sancoale Shipping has 1 GST registration on record and it is cancelled or inactive.
Sancoale Shipping operated in the transport and logistics industry, in the shipping and maritime services segment.
Sancoale Shipping has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the district courts.
Jaya Prakash Saraswat ceased to be Director on 20 Jan 2020. Lalit Mohan Saraswat ceased to be Director on 20 Jan 2020. Maharshi Kumar Saraswat ceased to be Director on 20 Jan 2020. Sancoale Shipping has 7 board changes on record in total.
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