About Solmec Earthmovers Private Limited
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Solmec Earthmovers Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the construction machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 04 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29248GJ2008PTC055350. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.2 Cr. It is led by directors Jaimish Dhirajlal Dodia and Chandrikaben Dhirajlal Dodia.
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 Plot No 3825 – GIDC Phase – IV B/H Indo – German Toolroom Vatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.34 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹5.27 Lakh (net margin 1.6%) and EBITDA of ₹65.08 Lakh (EBITDA margin 19.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 44% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.15 Cr and satisfied charges of ₹90 Lakh on record. Court records list 26 cases involving the company, including 3 filed by the company and 23 filed against it; 10 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solmecearthmovers.com.
Company details
Contact details
Solmec Earthmovers Private Limited's registered office is in Ahmedabad, Gujarat. Its website is solmecearthmovers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 3825 – GIDC Phase – IV B/H Indo – German Toolroom Vatva, Ahmedabad, Gujarat, India – 382445
- IndustryMachinery and Equipment, Construction Machinery & Equipment
To see the full contact details of Solmec Earthmovers 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
Business activity
The main business activity of Solmec Earthmovers is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Solmec Earthmovers Private Limited, buy the company report.
Financials of Solmec Earthmovers Private Limited
FY 2019 filings availableSolmec Earthmovers Private Limited reported revenue of ₹3.34 Cr (down 3% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 44%. EBITDA rose 258% 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 | ₹65.08 Lakh | ||||
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| Net Profit (PAT) | ₹5.27 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 | 19.5% | ||||
| Net Profit Margin | 1.6% | ||||
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To see the full financial statements and ratios of Solmec Earthmovers Private Limited, buy the company report.
Board of directors of Solmec Earthmovers Private Limited
Solmec Earthmovers 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 |
|---|---|---|---|---|
| Jaimish Dhirajlal Dodia Also directs: Solid Image Equipments LLP | Director | 01 Aug 2013 | 13 Years 3 Months | Current |
| Chandrikaben Dhirajlal Dodia Also directs: Solid Image Equipments LLP | Director | 04 Nov 2008 | 17 Years 11 Months | Current |
Auditor
Solmec Earthmovers Private Limited is audited by D G PATEL & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D G PATEL & CO | FY 2016 | 113866W |
Shareholding
The shareholding of Solmec Earthmovers Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Solmec Earthmovers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2018 | 100213442 | State Bank of India | ₹1.15 Cr | Open | |
| 25 Jul 2015 | 10585908 | Bank of India | ₹90 Lakh | Satisfied |
To see the full charge records of Solmec Earthmovers Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Solmec Earthmovers Private Limited has 26 court cases on record: 3 filed by Solmec Earthmovers, 23 filed against it. 10 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 22 | 9 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by SBFC Finance Pvt.Ltd | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by Motovario Gear Solutions Pvt Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Solid India Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Solid India Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (EXE R) | Filed against the company by an individual | Pending |
To see the full case history of Solmec Earthmovers 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 Solmec Earthmovers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Solmec Earthmovers Private Limited has a workforce of 11 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Solmec Earthmovers 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 Solmec Earthmovers Private Limited, buy the company report.
Recent activity
Solmec Earthmovers Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Remika Dhirajlal Dodia ceased to be Director on 25 Mar 2019.
Frequently asked questions
Solmec Earthmovers is an active private limited company based in Ahmedabad, Gujarat, India. The company works in construction machinery and equipment, within the machinery and equipment industry. It was incorporated on 04 November 2008 (18+ years old) and is registered under CIN U29248GJ2008PTC055350.
Solmec Earthmovers has 2 current directors:
- Jaimish Dhirajlal Dodia - Director
- Chandrikaben Dhirajlal Dodia - Director
The latest financial statements of Solmec Earthmovers 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. Solmec Earthmovers has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Solmec Earthmovers is U29248GJ2008PTC055350. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solmec Earthmovers has 26 court cases on record: 3 filed by the company and 23 filed against it. 10 are pending. Most are in the district courts.
Solmec Earthmovers was incorporated on 04 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Remika Dhirajlal Dodia ceased to be Director on 25 Mar 2019. Dhirajlal Vashrambhai Dodia ceased to be Director on 03 Aug 2013. Jaimish Dhirajlal Dodia was appointed as Director on 01 Aug 2013. Solmec Earthmovers has 4 board changes on record in total.
Solmec Earthmovers can be reached through the website solmecearthmovers.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Solmec Earthmovers is at Plot No 3825 – GIDC Phase – IV BH Indo – German Toolroom Vatva, Ahmedabad, Gujarat, India – 382445.
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