Solid Carbide Tools Limited
About Solid Carbide Tools Limited
Data last updated:
Solid Carbide Tools Limited is a public limited company based in Navi Mumbai, Maharashtra, India. It operates in the industrial machine tools segment of the machinery and industrial equipment sector. It was incorporated on 21 August 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1990PLC057785. Its GSTIN is 27AABCS5855M3ZR (Maharashtra). The company holds 3 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 15 Nov 2022 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹2.92 Cr. It is led by directors including Ramesh Bhagwandas Patel (Managing Director) and Anil Srichand Hotchandani.
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 is at A – 735 Ttc Industrial Area Khairne MIDC Thane Belapur Road, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2019, the company reported a revenue of ₹91,642, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹15.41 Lakh and EBITDA of -₹14.64 Lakh.
The company is associated with 1 brand: Solid Carbide Tools. Court records list 97 cases involving the company, including 8 filed by the company and 89 filed against it; 1 case is pending. The company has 6 deals on record (6 market trades); the latest was in February 2016.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Solid Carbide Tools has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L99999MH1990PLC057785, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1990PLC057785 | Current |
| U99999MH1990PTC057785 | Previous |
| U99999MH1990PLC057785 | Previous |
Contact details
Solid Carbide Tools Limited's registered office is in Navi Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressA – 735 Ttc Industrial Area Khairne MIDC Thane Belapur Road, Navi Mumbai, Maharashtra, India – 400705
- IndustryMachinery and Equipment, Industrial Machine Tools
To see the full contact details of Solid Carbide Tools 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
Brands
Solid Carbide Tools operates one associated brand: Solid Carbide Tools. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of gambling services | solidcarbide.in |
Financials of Solid Carbide Tools Limited
FY 2019 filings availableSolid Carbide Tools Limited reported revenue of ₹91,642 (down 82% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 82% in the latest 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹91,642 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹14.64 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.41 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| 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 Solid Carbide Tools Limited, buy the company report.
Board of directors of Solid Carbide Tools Limited
Solid Carbide Tools has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Bhagwandas Patel Also directs: Maitri Dairy Farm Private Limited | Managing Director | 18 Jan 2013 | 13 Years 9 Months | Current |
| Anil Srichand Hotchandani | Additional Director | 04 May 2019 | 7 Years 5 Months | Current |
| Ajay Chandrakant Jadhav | Additional Director | 04 May 2019 | 7 Years 5 Months | Current |
Auditor
Solid Carbide Tools Limited is audited by CHETAN MAKWANA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHETAN MAKWANA & ASSOCIATES | FY 2019 | 130416W |
Shareholding
The shareholding of Solid Carbide Tools Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Solid Carbide Tools Limited, buy the company report.
Deals & funding
Solid Carbide Tools Limited has 6 deals on record (6 market trades); the latest was in February 2016.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Market trade | ₹24.4 Lakh | Buyer: Arlen Trading Private Limited , 2 individuals Seller: Arlen Trading Private Limited |
| Dec 2015 | Market trade | ₹9.1 Lakh | Seller: Arlen Trading Private Limited |
| Dec 2015 | Market trade | ₹12.6 Lakh | Seller: Deloise Trading Private Limited |
| Dec 2015 | Market trade | ₹7.9 Lakh | Seller: Arlen Trading Private Limited |
| Dec 2015 | Market trade | ₹10 Lakh | Buyer: Maisil Mercantile Private Limited , an individual Seller: Maisil Mercantile Private Limited |
To see the full deal history of Solid Carbide Tools Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Solid Carbide Tools Limited has 97 court cases on record: 8 filed by Solid Carbide Tools, 89 filed against it. 1 case is pending and 96 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 79 | 78 | 1 |
| High courts | 18 | 11 | 0 |
Cases on record (5 of 97)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (NMA) | Filed by the company against The Official Liquidator High Court Bombay and Anr. | Disposed |
| Bombay High Court | Court case (APP) | Filed by the company against The Official Liquidator High Court Bombay and Anr. | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Navi Mumbai Municipal Corporation and Anr. | Disposed |
| Bombay High Court | Appeal | Filed by the company against Navi Mumbai Municipal Corporation N.M.M.C. Head Quarter and Anr | Disposed |
To see the full case history of Solid Carbide Tools 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 Solid Carbide Tools Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solid Carbide Tools has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCS5855M3ZR | Maharashtra | Active | 11 Oct 2017 |
To see the full GST registrations and return filing status of Solid Carbide Tools Limited, buy the company report.
Recent activity
Solid Carbide Tools Limited has 14 board changes on record since 2012: 9 appointments and 5 cessations. The latest: Seema Kalani Suresh ceased to be Director on 25 May 2024.
5 earlier events are in the company report.
Frequently asked questions
Solid Carbide Tools is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in industrial machine tools, within the machinery and equipment industry. It was incorporated on 21 August 1990 (36+ years old) and is registered under CIN L99999MH1990PLC057785.
Solid Carbide Tools has 3 current directors:
- Ramesh Bhagwandas Patel - Managing Director
- Anil Srichand Hotchandani - Additional Director
- Ajay Chandrakant Jadhav - Additional Director
The latest financial statements of Solid Carbide Tools 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.
The GSTIN of Solid Carbide Tools is 27AABCS5855M3ZR, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Solid Carbide Tools is L99999MH1990PLC057785. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solid Carbide Tools is recorded as a listed company by MCA, but its shares were delisted from BSE on 15 Nov 2022 · compulsory delisting, and no longer trade on a stock exchange.
Solid Carbide Tools has 97 court cases on record: 8 filed by the company and 89 filed against it. 1 is pending. Most are in the district courts.
Solid Carbide Tools was incorporated on 21 August 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Solid Carbide Tools has 6 deals on record (6 market trades); the latest was in February 2016.
Seema Kalani Suresh ceased to be Director on 25 May 2024. Ajay Chandrakant Jadhav was appointed as Additional Director on 04 May 2019. Anil Srichand Hotchandani was appointed as Additional Director on 04 May 2019. Solid Carbide Tools has 14 board changes on record in total.