About Simco Paints Industries Private Limited
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Simco Paints Industries Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 25 May 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24220MH2000PTC126749. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It was formerly known as Karshni Colour Industries Private Limited. It is led by directors Neeta Mittal and Manoj Kumar Mittal.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at 307 Bungluw No 279 Sector No 28 Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2015, the company reported a revenue of ₹4.61 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net profit of ₹1.09 Lakh (net margin 0.2%) and EBITDA of ₹84.4 Lakh (EBITDA margin 18.3%).
As per MCA filings, the company has open charges of ₹11.06 Cr on record. Court records list 30 cases involving the company, including 5 filed by the company and 25 filed against it; 7 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website simcopaints.com.
Company details
Contact details
Simco Paints Industries Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is simcopaints.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address307 Bungluw No 279 Sector No 28 Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Simco Paints Industries 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
Financials of Simco Paints Industries Private Limited
FY 2015 filings availableSimco Paints Industries Private Limited reported revenue of ₹4.61 Cr (down 51% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 51% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹4.61 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹84.4 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹1.09 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 18.3% |
| Net Profit Margin | 0.2% |
| 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 Simco Paints Industries Private Limited, buy the company report.
Board of directors of Simco Paints Industries Private Limited
Simco Paints Industries has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeta Mittal | Director | 11 May 2005 | 21 Years 5 Months | Current |
| Manoj Kumar Mittal | Director | 25 May 2000 | 26 Years 4 Months | Current |
Auditor
Simco Paints Industries Private Limited is audited by PATIL & MHATRE for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATIL & MHATRE | FY 2015 | 136420W |
Shareholding
The shareholding of Simco Paints Industries Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Simco Paints Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 2016 | 100071767 | Others | ₹15 Lakh | Open | |
| 26 Feb 2011 | 10274169 | Others | ₹2.6 Cr | Open | |
| 26 Apr 2010 | 10216912 | Hdfc Bank Limited | ₹2.56 Cr | Open | |
| 02 Jan 2007 | 10038432 | Citicorp Finance (India) Limited | ₹2.35 Lakh | Open | |
| 02 Jan 2007 | 10042925 | Citicorp Finance (India) Limited | ₹5 Lakh | Open |
To see the full charge records of Simco Paints Industries Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Simco Paints Industries Private Limited has 30 court cases on record: 5 filed by Simco Paints Industries, 25 filed against it. 7 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 25 | 7 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by M/S. Multichem Colorants Pvt. Ltd., S. Suresh Doda | Disposed |
| District court, Ahmedabad, Gujarat | Court case (PRCPT) | Filed against the company by M/S. Multichem Colorants Pvt. Ltd., S. Suresh Doda | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed by the company against The State of Maharashtra Through Public Prosecutor and Another One and 1 other | Pending |
To see the full case history of Simco Paints Industries 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Simco Paints Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Simco Paints Industries Private Limited has 1 active EPFO establishment as of Mar 22, 2024.
GST
Simco Paints Industries has 3 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 Simco Paints Industries Private Limited, buy the company report.
Recent activity
Simco Paints Industries Private Limited has 4 board changes on record since 2000: 2 appointments and 2 cessations. The latest: Piyush Manoj Kumar Mittal ceased to be Director on 31 Mar 2015.
6 earlier events are in the company report.
Frequently asked questions
Simco Paints Industries is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 25 May 2000 (26+ years old) and is registered under CIN U24220MH2000PTC126749.
Simco Paints Industries has 2 current directors:
- Neeta Mittal - Director
- Manoj Kumar Mittal - Director
The latest financial statements of Simco Paints Industries on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. Simco Paints Industries has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Simco Paints Industries is U24220MH2000PTC126749. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Simco Paints Industries has 30 court cases on record: 5 filed by the company and 25 filed against it. 7 are pending. Most are in the district courts.
Simco Paints Industries was incorporated on 25 May 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Piyush Manoj Kumar Mittal ceased to be Director on 31 Mar 2015. Urmila Yogesh Mittal ceased to be Director on 01 Apr 2011. Neeta Mittal was appointed as Director on 11 May 2005. Simco Paints Industries has 4 board changes on record in total.
Simco Paints Industries can be reached through the website simcopaints.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Simco Paints Industries is at 307 Bungluw No 279 Sector No 28 Vashi, Navi Mumbai, Maharashtra, India – 400705.