Solaris Formulations India Private Limited
About Solaris Formulations India Private Limited
Data last updated:
Solaris Formulations India Private Limited was a private limited company based in Puducherry, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 12 January 2010.
The company was registered with the Registrar of Companies (ROC), Pondicherry, under CIN U24232PY2010PTC002405.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Viswanathan Kartikeyan and Yagnaprabha.
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 was at No: 15/7 Cuddalore Road (Ecr) Tolgate Ariyankuppam, Puducherry, India – 605007.
As per the financials filed for FY 2015, the company reported a revenue of ₹36.37 Lakh, a growth of 40% compared to the previous year. For the same year it recorded a net loss of ₹2.26 Lakh (net margin -6.2%) and EBITDA of ₹2.51 Lakh (EBITDA margin 6.9%).
As per MCA filings, the company had satisfied charges of ₹10 Lakh on record.
Company details
Contact details
Solaris Formulations India Private Limited's registered office is in Puducherry, Puducherry.
- Registered AddressNo: 15/7 Cuddalore Road (Ecr) Tolgate Ariyankuppam, Puducherry, India – 605007
- IndustryTrading, Wholesale, Other Wholesale
- 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 Solaris Formulations India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Solaris Formulations India Private Limited, buy the company report.
Financials of Solaris Formulations India Private Limited
FY 2015 filings availableSolaris Formulations India Private Limited reported revenue of ₹36.37 Lakh (up 40% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 40% in the latest year. EBITDA rose 44% 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 | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹2.51 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹2.26 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 | 6.9% |
| Net Profit Margin | -6.2% |
| 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 Solaris Formulations India Private Limited, buy the company report.
Board of directors of Solaris Formulations India Private Limited
Solaris Formulations India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viswanathan Kartikeyan Also directs: Metcare Pharma Private Limited | Director | 27 Feb 2013 | 13 Years 8 Months | As last reported |
| Yagnaprabha Also directs: GP Yagna Contructions Private Limited | Director | 27 Feb 2013 | 13 Years 8 Months | As last reported |
| Vaithianathan Also directs: GP Yagna Contructions Private Limited | Director | 25 Feb 2013 | 13 Years 8 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jul 2011 | 10301446 | Dena Bank | ₹10 Lakh | Satisfied |
To see the full charge records of Solaris Formulations India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Solaris Formulations India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solaris Formulations India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Solaris Formulations India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Solaris Formulations India Private Limited has 5 board changes on record since 2013: 3 appointments and 2 cessations. The latest: Siva Elango Pitchai ceased to be Director on 27 Feb 2013.
Frequently asked questions
Solaris Formulations India has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Solaris Formulations India was a private limited company based in Puducherry, India. The company worked in wholesale, within the trading industry. It was incorporated on 12 January 2010 and is registered under CIN U24232PY2010PTC002405. The company has been struck off by the Registrar of Companies and is no longer operational.
Solaris Formulations India had 3 directors:
- Viswanathan Kartikeyan - Director
- Yagnaprabha - Director
- Vaithianathan - Director
The CIN (Corporate Identification Number) of Solaris Formulations India is U24232PY2010PTC002405. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Solaris Formulations India is at No: 157 Cuddalore Road Ecr Tolgate Ariyankuppam, Puducherry, India – 605007.
Solaris Formulations India was incorporated on 12 January 2010. It is registered with the Registrar of Companies, Pondicherry.
The latest financial statements of Solaris Formulations India 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.
Solaris Formulations India operated in the trading industry, in the wholesale segment. It worked in this industry before it was struck off.
Siva Elango Pitchai ceased to be Director on 27 Feb 2013. Viswanathan Kartikeyan was appointed as Director on 27 Feb 2013. Yagnaprabha was appointed as Director on 27 Feb 2013. Solaris Formulations India has 5 board changes on record in total.
Solaris Formulations India has no open charges and satisfied charges of ₹10 Lakh as per latest MCA filings.
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