Solray Appliances Private Limited
About Solray Appliances Private Limited
Data last updated:
Solray Appliances Private Limited was a private limited company based in Pune, Maharashtra, 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 music instruments segment of the musical instruments sector. It was incorporated on 09 September 1977.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U29302MH1977PTC019860. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹49 Lakh and a paid-up capital of ₹49 Lakh. It was led by directors Lyla Rajiv Sangtani and Rajiv Lalit Sangtani.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 29/2 Kharadi Villageoff Pune Nagar Road, Maharashtra, India – 411014.
As per the financials filed for FY 2018, the company reported a revenue of ₹11.29 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.13 Lakh (net margin 27.7%) and EBITDA of ₹3.9 Lakh (EBITDA margin 34.5%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years.
As per MCA filings, the company had satisfied charges of ₹1.02 Cr on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it.
Company details
Contact details
Solray Appliances Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address29/2 Kharadi Villageoff Pune Nagar Road, Maharashtra, India – 411014
- IndustryMusical Instruments, Music Instruments
To see the full contact details of Solray Appliances 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 Solray Appliances Private Limited
FY 2018 filings availableSolray Appliances Private Limited reported revenue of ₹11.29 Lakh (up 2290% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 53% over three years. 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹3.9 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹3.13 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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| Trade Payables | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 34.5% | |||
| Net Profit Margin | 27.7% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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| Current Ratio | ||||
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| Receivable Days | ||||
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| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Solray Appliances Private Limited, buy the company report.
Board of directors of Solray Appliances Private Limited
Solray Appliances 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 |
|---|---|---|---|---|
| Lyla Rajiv Sangtani Also directs: I R Tubes Pvt Ltd | Director | 10 Nov 2006 | 19 Years 11 Months | As last reported |
| Rajiv Lalit Sangtani | Director | 09 Oct 2001 | 25 Years 0 Months | As last reported |
Auditor
Solray Appliances Private Limited is audited by PANKAJ POKARNA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PANKAJ POKARNA & ASSOCIATES | FY 2017 | 102496 |
Shareholding
The shareholding of Solray Appliances Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Solray Appliances Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 1984 | 90083379 | Bank of Maharashtra | ₹19 Lakh | Satisfied | |
| 14 May 1979 | 90082276 | Bank of Maharashtra | ₹10 Lakh | Satisfied | |
| 14 Feb 1978 | 90083203 | Bank of Maharashtra | ₹21 Lakh | Satisfied | |
| 10 Feb 1978 | 90083202 | Bank of Maharashtra | ₹50 Lakh | Satisfied | |
| 14 Feb 1970 | 90083121 | Bank of Maharashtra | ₹1.5 Lakh | Satisfied |
To see the full charge records of Solray Appliances Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Solray Appliances Private Limited has 7 court cases on record: 2 filed by Solray Appliances, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln. IDA) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln PGA) | Filed against the company by an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by individuals | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (CAW) | Filed against the company by an individual | Disposed |
To see the full case history of Solray Appliances 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 Solray Appliances Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Solray Appliances Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Solray Appliances 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 Solray Appliances Private Limited, buy the company report.
Recent activity
Solray Appliances Private Limited has 4 board changes on record since 2001: 2 appointments and 2 cessations. The latest: Lalit Atur Sangtani ceased to be Director on 07 Apr 2018.
10 earlier events are in the company report.
Frequently asked questions
Solray Appliances 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.
Solray Appliances was a private limited company based in Pune, Maharashtra, India. The company worked in music instruments, within the musical instruments industry. It was incorporated on 09 September 1977 and is registered under CIN U29302MH1977PTC019860. The company has been struck off by the Registrar of Companies and is no longer operational.
Solray Appliances had 2 directors:
- Lyla Rajiv Sangtani - Director
- Rajiv Lalit Sangtani - Director
The CIN (Corporate Identification Number) of Solray Appliances is U29302MH1977PTC019860. 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 Solray Appliances is at 292 Kharadi Villageoff Pune Nagar Road, Maharashtra, India – 411014.
Solray Appliances was incorporated on 09 September 1977. It is registered with the Registrar of Companies, Pune.
The latest financial statements of Solray Appliances on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Solray Appliances has 1 GST registration on record and it is cancelled or inactive.
Solray Appliances operated in the musical instruments industry, in the music instruments segment. It worked in this industry before it was struck off.
Solray Appliances has 7 court cases on record: 2 filed by the company and 5 filed against it. Most are in the district courts.