Snowcem Paints Private Limited

Snowcem Paints Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U24222MH2005PTC215180 Incorporated 09 June 2005 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2022
₹2.75 Cr
▼ 81% YoY
Net loss · FY 2022
₹30.11 Cr
Latest filing
EBITDA · FY 2022
-₹28.69 Cr
Latest filing
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹1.83 Cr
Issued & subscribed
Open charges
₹13.9 Lakh
Satisfied ₹80.43 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
97
Provident fund records

About Snowcem Paints Private Limited

Data last updated:

Snowcem Paints Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 09 June 2005 and has been in existence for over 21 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24222MH2005PTC215180. The company has 26 GST registrations on record, none of which is active.

The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.83 Cr. It is led by directors Meena Haresh Bhojwani and Haresh Atmaram Bhojwani.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Commercial Union House Basement 9 Wallace Street Fort, Mumbai, Maharashtra, India – 400001.

As per the financials filed for FY 2022, the company reported a revenue of ₹2.75 Cr, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹30.11 Cr and EBITDA of -₹28.69 Cr. Revenue has declined at a compounded annual rate (CAGR) of 62% over three years and 54% over five years.

The company has about 97 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Snowcem and Snowcem Paints. As per MCA filings, the company has open charges of ₹13.9 Lakh and satisfied charges of ₹80.43 Cr on record. Court records list 133 cases involving the company, including 76 filed by the company and 57 filed against it; 23 cases are pending. The company has 12 deals on record (6 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹21.23 Cr; the latest was in March 2021. Its 7 peer companies in the Manufacturing industry (Paints), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 4 larger and 3 smaller; the largest is Electropeak Future Floorings Private Limited with revenue of ₹2.77 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 110 overdue payments to 108 micro and small suppliers.

Snowcem Paints Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0076083). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website snowcempaints.com.

Company details

CIN U24222MH2005PTC215180
Registration Number 215180
Incorporation Date 09 June 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0076083

CIN history

Snowcem Paints has one previous CIN (Corporate Identification Number): U24222PN2005PTC020854. The current CIN is U24222MH2005PTC215180, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U24222MH2005PTC215180Current
U24222PN2005PTC020854Previous
Key People
Meena Haresh Bhojwani Additional Director Haresh Atmaram Bhojwani Additional Director

Recognitions & Rankings of Snowcem Paints

MSME (Udyam registered) Ministry of MSME
Category
Small (2022-23)
Udyam number
UDYAM-MH-19-0076083

Contact details

Snowcem Paints Private Limited's registered office is in Mumbai, Maharashtra. Its website is snowcempaints.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    snowcempaints.com
  • Social Media
  • Registered Address
    Commercial Union House Basement 9 Wallace Street Fort, Mumbai, Maharashtra, India – 400001
  • Industry
    Manufacturing, Paint & Coatings

To see the full contact details of Snowcem Paints Private Limited, buy the company report.

Comprehensive company report
Snowcem Paints Private Limited - one report that includes everything
  • 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
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Brands

Snowcem Paints operates two associated brands: Snowcem and Snowcem Paints. Each brand links to its own profile.

BrandDescriptionWebsite
Snowcem
Paint manufacturing, coatings production, and related services in the industry.snowcem.com
Snowcem Paints
Exterior and interior emulsion paints, primers, and coatings are manufactured.snowcempaints.com

Financials of Snowcem Paints Private Limited

FY 2023 filings available

Snowcem Paints Private Limited reported revenue of ₹2.75 Cr (down 81% YoY) for FY 2022.

Revenue · FY 2022
₹2.75 Cr ▼ 81%
Net loss · FY 2022
₹30.11 Cr
EBITDA · FY 2022
-₹28.69 Cr

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 81%
3 years · compounded
▼ 62%
5 years · compounded
▼ 54%
EBITDA CAGR growth
3 years · compounded
▼ 125%
5 years · compounded
▼ 46%

Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 81% fall 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹2.75 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹28.69 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹30.11 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin
Net Profit Margin
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 Snowcem Paints Private Limited, buy the company report.

Board of directors of Snowcem Paints Private Limited

Snowcem Paints has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Meena Haresh Bhojwani
Also directs: Killick Impex Limited, Dhanraj Mills Private Limited, Killick Exports Limited and 1 more
Additional Director06 Jul 20233 Years 3 MonthsCurrent
Haresh Atmaram Bhojwani
Also directs: Killick Nixon Limited, Lodestar Slotted Angles Limited, Millenium Caribonum Limited and 4 more
Additional Director01 Apr 20233 Years 7 MonthsCurrent
View all directors

Peer comparison

Snowcem Paints Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Paints), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Electropeak Future Floorings Private Limited₹2.77 Cr (FY 2025)-12.0%Kolkata, West Bengal, India
Victor Paints Pvt Ltd₹2.77 Cr (FY 2024)26.0%Mumbai, Maharashtra, India
Saitek Paints Private Limited₹2.76 Cr (FY 2025)18.0%Hyderabad, Telangana, India
Aarkay Paints Pvt Ltd₹2.76 Cr (FY 2025)8.0%Vapi, Gujarat, India
Snowcem Paints Private Limitedthis company₹2.75 Cr (FY 2022)-₹30.11 Cr-81.0%97Mumbai, Maharashtra, India
Dr Tyagi Chemicals and Laboratories Private Limited₹2.73 Cr (FY 2025)144.0%Ingram Institute, Uttar Pradesh, India
Bluray Chemical Private Limited₹2.71 Cr (FY 2024)1.0%Ghaziabad, Uttar Pradesh, India
GM Coatings Private Limited₹2.71 Cr (FY 2024)9.0%Chennai, Tamil Nadu, India

To see the full peer comparison of Snowcem Paints Private Limited, buy the company report.

Auditor

Snowcem Paints Private Limited is audited by Narkar & Associates for the financial year 2022.

Auditor firmFinancial yearFirm registration number
Narkar & AssociatesFY 2022106945W

Shareholding

The shareholding of Snowcem Paints Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2020FY 2019FY 2018FY 2017
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Snowcem Paints Private Limited, buy the company report.

Charges & borrowings

Open charges
₹13.9 Lakh
Satisfied charges
₹80.43 Cr
Breakdown by lending institutions
Others₹0.14 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 Oct 2018100232174Others₹13.9 LakhOpen
10 May 2018100178519Others₹9.1 CrSatisfied
31 Aug 2017100121998Others₹1 CrSatisfied
27 Oct 2016100058447Others₹1.5 CrSatisfied
31 Jan 201410482777The Cosmos Co- Operative Bank Ltd₹1 CrSatisfied

To see the full charge records of Snowcem Paints Private Limited, buy the company report.

Total charge records: 11 View all charges

Deals & funding

Snowcem Paints Private Limited has 12 deals on record (6 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹21.23 Cr; the latest was in March 2021.

Total deals
12
Secondary share transfers
6
Funding rounds
5
Acquisition
1
Disclosed funding
₹21.23 Cr

Deals on record (5 of 12)

WhenDealAmountParties
Mar 2021Acquisition₹55 CrBuyer: Saurashtra Cement Limited
Seller: Snowcem Paints Private Limited
Nov 2016Funding round₹1.16 CrInvestors: Concept Communication Limited
Jan 2015Funding round₹7.1 CrInvestors: Ramrikhdas Balkison & Sons Private Limited , Ramgopal Ganpatrai and Sons Private Limited
Dec 2013Secondary share transferUndisclosedBuyer: Ramgopal Ganpatrai and Sons Private Limited
Seller: Amit K Desai HUF, 2 individuals
Mar 2012Secondary share transferUndisclosedBuyer: Ramrikhdas Balkison & Sons Private Limited
Seller: Kotak Mahindra Bank Limited , Kotak Private Equity

To see the full deal history of Snowcem Paints Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Snowcem Paints Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 110 overdue payments to 108 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 108)

SupplierAmount dueDue sinceReported on
Radha Krishna Jute Products Private Limited
Ecokem Technologies Private Limited
an individual supplier
Jesons Industries Ltd
an individual supplier

To see the full MSME payment records of Snowcem Paints Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Snowcem Paints Private Limited has a workforce of 97 employees on its EPFO records as of Apr 05, 2024, across 3 active EPFO establishments.

Employee count
97
Active EPFO establishments
3
Employee growth
-21.14%

GST

Snowcem Paints has 26 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
26
Cancelled / inactive
26

To see the full GST registrations and return filing status of Snowcem Paints Private Limited, buy the company report.

Recent activity

Snowcem Paints Private Limited has 17 board changes on record since 2007: 2 appointments and 15 cessations. The latest: Gagan Darsh Ruia ceased to be Whole-Time Director on 16 Apr 2024.

AGM
Snowcem Paints Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Gagan Darsh Ruia ceased to be Whole-Time Director.
Appointed
Meena Haresh Bhojwani was appointed as Additional Director.
Appointed
Haresh Atmaram Bhojwani was appointed as Additional Director.
Filing
Snowcem Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai I.
Charges
A charge registered on 10 May 2018 via Charge ID 100178519 with Others was fully satisfied on 29 Dec 2022.
Charges
A charge registered on 01 Jun 2010 via Charge ID 10229094 with Others was fully satisfied on 16 Apr 2021.
Ceased
Murari Lal Kundlas ceased to be Whole-Time Director.
Ceased
Asha Tejkumar Ruia ceased to be Additional Director.
Ceased
Arvind Kumar Gupta ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 0.14 Cr with Charge ID 100232174 was registered on 20 Oct 2018.
Charges
A charge with Others of Rs. 45.64 Cr registered on 01 Jun 2010 with Charge ID 10229094 was modified on 10 Sep 2018.

32 earlier events are in the company report.

Frequently asked questions

Snowcem Paints is an active private limited company based in Mumbai, Maharashtra, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 09 June 2005 (21+ years old) and is registered under CIN U24222MH2005PTC215180.

Snowcem Paints has 2 current directors:

The latest financial statements of Snowcem Paints on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

No. Snowcem Paints has 26 GST registrations on record and all of them are cancelled or inactive.

The CIN (Corporate Identification Number) of Snowcem Paints is U24222MH2005PTC215180. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Snowcem Paints has 133 court cases on record: 76 filed by the company and 57 filed against it. 23 are pending. Most are in the district courts.

Snowcem Paints was incorporated on 09 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.

Snowcem Paints has 12 deals on record (6 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹21.23 Cr; the latest was in March 2021.

The peers of Snowcem Paints by revenue are Electropeak Future Floorings Private Limited, Victor Paints Pvt Ltd, Saitek Paints Private Limited, Aarkay Paints Pvt Ltd, Dr Tyagi Chemicals and Laboratories Private Limited and 2 more, all in the Manufacturing industry (Paints), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).

Gagan Darsh Ruia ceased to be Whole-Time Director on 16 Apr 2024. Meena Haresh Bhojwani was appointed as Additional Director on 06 Jul 2023. Haresh Atmaram Bhojwani was appointed as Additional Director on 01 Apr 2023. Snowcem Paints has 17 board changes on record in total.

Yes, Snowcem Paints is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0076083).

Snowcem Paints has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 110 overdue payments to 108 micro and small suppliers. The latest return was filed on 13 May 2021.