Sonalac Paints and Coatings LLP

Sonalac Paints and Coatings LLP - manufacturing in Chandigarh, India. Directors, charges & compliance details.
LLPIN AAW-9287 Incorporated 05 May 2021 ROC Chandigarh HQ Chandigarh, India
Converted to LLP Limited Liability Partnership manufacturing
Data last updated
Contribution obligation
₹1.39 Cr
As per LLP agreement
Open charges
₹44.6 Cr
Secured borrowings
LLP age
5 yrs
Est. 2021
Employees · EPFO
54
Provident fund records
Designated partners
5
As per MCA filings
Active GSTINs
9
of 10 registered
Brands
1
Associated brands
Last financials
Mar 2023
Balance sheet date

About Sonalac Paints and Coatings LLP

Data last updated:

Sonalac Paints and Coatings LLP was a limited liability partnership (LLP) based in Chandigarh, India. The LLP has been converted into a company and no longer exists as an LLP. For the latest details, refer to the successor company. It operated in the paint and coatings segment of the manufacturing sector. It was incorporated on 05 May 2021.

The LLP was registered with the Registrar of Companies (ROC), Chandigarh, under LLPIN AAW-9287. Its GSTIN is 04AEKFS9732B1Z1 (Chandigarh). The LLP held 10 GST registrations, of which 9 are active.

The LLP had a total obligation of contribution of ₹1.39 Cr. It was led by designated partners including Radhe Shyam Garg and Shweta Sharma.

Its latest statement of accounts is for the year ended 31 March 2023. The registered office was at Plot No 766 Industrial Area Phase II, Chandigarh, India – 160101.

The LLP has about 54 employees on its provident fund (EPFO) records.

The LLP is associated with 1 brand: Sonalac Paints. As per MCA filings, the LLP has open charges of ₹44.6 Cr on record.

The last known website on record is sonalacpaints.in.

Company details

LLPIN AAW-9287
Incorporation Date 05 May 2021
Total Obligation of Contribution ₹1.39 Cr
ROC Chandigarh
Company Status Converted and Dissolved
Date of Last AGM 31 March 2023
Date of Balance Sheet 31 March 2023

Contact details

Sonalac Paints and Coatings LLP's registered office is in Chandigarh, Chandigarh.

  • Registered Address
    Plot No 766 Industrial Area Phase II, Chandigarh, India – 160101
  • Industry
    Manufacturing, Paint & Coatings
Comprehensive company report
Sonalac Paints and Coatings LLP - 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

Sonalac Paints and Coatings operates one associated brand: Sonalac Paints. Each brand links to its own profile.

BrandDescriptionWebsite
Produces high-quality water-based, decorative paints, and industrial coatings.sonalacpaints.in

Financials of Sonalac Paints and Coatings LLP

FY 2023 filings available

Financial Statement Summary

Statement of Account and SolvencyFY 2022-23FY 2021-22
Income and Expenditure
Turnover
Other Income
Total Income
Purchases and Direct Costs
Personnel Expenses
Administrative Expenses
Interest
Depreciation
Total Expenses
Profit Before Tax
Tax
Profit After Tax
Profit Transferred to Partners
Assets and Liabilities
Partners' Contribution
Reserves and Surplus
Secured Loans
Unsecured Loans
Trade Payables
Other Liabilities and Provisions
Total Liabilities
Fixed Assets
Investments
Loans and Advances
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

Statement of Account and SolvencyFY 2022-23FY 2021-22
Profitability
Net Profit Margin
Return on Partners' Funds
Return on Assets
Liquidity and Debt
Current Ratio
Debt to Partners' Funds
Interest Coverage
Efficiency and Growth
Asset Turnover
Receivable Days
Turnover Growth
Profit Growth

To see the full financial statements and ratios of Sonalac Paints and Coatings LLP, buy the company report.

Designated partners of Sonalac Paints and Coatings LLP

Sonalac Paints and Coatings has 5 designated partners on record. No former designated partners are listed.

Designated Partners (as last reported)
NameDesignationAppointment DateTenureStatus
Radhe Shyam GargDesignated Partner05 May 20215 Years 6 MonthsAs last reported
Shweta SharmaPartner05 May 20215 Years 6 MonthsAs last reported
Rupesh GargDesignated Partner05 May 20215 Years 6 MonthsAs last reported
Bobby GargDesignated Partner05 May 20215 Years 6 MonthsAs last reported
Kiran GargDesignated Partner05 May 20215 Years 6 MonthsAs last reported

Charges & borrowings

Open charges
₹44.6 Cr
Satisfied charges
None
Breakdown by lending institutions
Icici Bank Limited₹34.10 Cr
Hdfc Bank Limited₹10.50 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Aug 2023L-100783828Icici Bank Limited₹9 LakhOpen
12 Feb 2023L-100714846Hdfc Bank Limited₹10.5 CrOpen
30 Jun 2021L-100463260Icici Bank Limited₹34.01 CrOpen

To see the full charge records of Sonalac Paints and Coatings LLP, buy the company report.

Total charge records: 3 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Sonalac Paints and Coatings LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Sonalac Paints and Coatings has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
10
Active
9
Cancelled / inactive
1
GSTINStateStatusRegistered on
04AEKFS9732B1Z1ChandigarhActive05 May 2021
08AEKFS9732B1ZTRajasthanActive05 May 2021
08AEKFS9732B2ZSRajasthanActive05 May 2021
23AEKFS9732B1Z1Madhya PradeshActive05 May 2021

To see the full GST registrations and return filing status of Sonalac Paints and Coatings LLP, buy the company report.

Recent activity

Sonalac Paints and Coatings LLP has 5 designated partner changes on record since 2021: 5 appointments. The latest: Bobby Garg was appointed as Designated Partner on 05 May 2021.

Charges
A charge with Hdfc Bank Limited of Rs. 10.50 Cr registered on 12 Feb 2023 with Charge ID 100714846 was modified on 15 Sep 2023.
Charges
A charge with Icici Bank Limited amounted to Rs. 0.09 Cr with Charge ID 100783828 was registered on 29 Aug 2023.
Charges
A charge with Icici Bank Limited of Rs. 34.01 Cr registered on 30 Jun 2021 with Charge ID 100463260 was modified on 25 Aug 2023.
AGM
Sonalac Paints And Coatings Llp last Annual general meeting of members was held on 31 Mar 2023 as per latest MCA records.
Filing
Sonalac Paints And Coatings Llp has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.50 Cr with Charge ID 100714846 was registered on 12 Feb 2023.
Charges
A charge with Icici Bank Limited amounted to Rs. 34.01 Cr with Charge ID 100463260 was registered on 30 Jun 2021.
Appointed
Bobby Garg was appointed as Designated Partner.
Appointed
Kiran Garg was appointed as Designated Partner.
Appointed
Radhe Shyam Garg was appointed as Designated Partner.
Appointed
Rupesh Garg was appointed as Designated Partner.
Appointed
Shweta Sharma was appointed as Partner.

1 earlier event is in the company report.

Frequently asked questions

Sonalac Paints and Coatings has been converted into a company - the business changed its legal structure from a Limited Liability Partnership to a company. The LLP no longer exists in its previous form. For the latest information, refer to the successor company registered with MCA.

Sonalac Paints and Coatings was a limited liability partnership based in Chandigarh, India. The LLP worked in paint and coatings, within the manufacturing industry. It was incorporated on 05 May 2021 and is registered under LLPIN AAW-9287. For the latest details, refer to the successor company.

The LLPIN (Limited Liability Partnership Identification Number) of Sonalac Paints and Coatings is AAW-9287. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.

Sonalac Paints and Coatings had 5 designated partners:

Sonalac Paints and Coatings was incorporated on 05 May 2021. It is registered with the Registrar of Companies, Chandigarh.

Sonalac Paints and Coatings can be reached through the website sonalacpaints.in. Its registered office is in Chandigarh, India.

The registered office of Sonalac Paints and Coatings is at Plot No 766 Industrial Area Phase II, Chandigarh, India – 160101.

The latest financial statements of Sonalac Paints and Coatings on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 31 March 2023. Year-wise statements from FY 2022 are in the company report.

The GSTIN of Sonalac Paints and Coatings is 04AEKFS9732B1Z1, registered in Chandigarh. The LLP has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 08AEKFS9732B1ZT (Rajasthan), 08AEKFS9732B2ZS (Rajasthan), 23AEKFS9732B1Z1 (Madhya Pradesh).

Sonalac Paints and Coatings operated in the manufacturing industry, in the paint and coatings segment.