About SP Ports Private Limited
Data last updated:
SP Ports Private Limited was a private limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Shapoorji Pallonji Infrastructure Capital Company Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the port infrastructure and development segment of the infrastructure and utilities sector. It was incorporated on 11 June 2010.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45400GJ2010PTC069101. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹875 Cr and a paid-up capital of ₹778.11 Cr. It was led by directors Nitin Bhalchandra Bondre and Mukundan Srinivasan.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Venus Amadeus 301 – 305 3rd Floor Jodhpur Cross Road Satellite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.53 Cr, a decline of 97% compared to the previous year. For the same year it recorded a net profit of ₹3.15 Cr (net margin 69.6%) and EBITDA of ₹4.28 Cr (EBITDA margin 94.5%). Revenue has grown at a compounded annual rate (CAGR) of 257% over three years and 15% over five years.
Its group structure included 2 subsidiaries.
As per MCA filings, the company had open charges of ₹2,772.5 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is shapoorjipallonji.com.
Company details
CIN history
SP Ports has one previous CIN (Corporate Identification Number): U45400MH2010PTC204065. The current CIN is U45400GJ2010PTC069101, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400GJ2010PTC069101 | Current |
| U45400MH2010PTC204065 | Previous |
Contact details
SP Ports Private Limited's registered office is in Ahmedabad, Gujarat. Its website is shapoorjipallonji.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressVenus Amadeus 301 – 305 3rd Floor Jodhpur Cross Road Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryInfrastructure and Utilities, Port Infrastructure & Development
To see the full contact details of SP Ports 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 activities of SP Ports are transport and storage and financial and insurance service. In detail, this covers services incidental to land, water & air transportation, activities by trusts, funds and other financial holding companies and other financial activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | |
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies | |
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of SP Ports Private Limited
FY 2022 filings availableSP Ports Private Limited reported revenue of ₹4.53 Cr (down 97% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 97% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 97% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.53 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.15 Cr | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 94.5% | ||||
| Net Profit Margin | 69.6% | ||||
| 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 SP Ports Private Limited, buy the company report.
Board of directors of SP Ports Private Limited
SP Ports has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Bhalchandra Bondre | Director | 27 Apr 2017 | 9 Years 6 Months | As last reported |
| Mukundan Srinivasan | Director | 20 Jul 2020 | 6 Years 3 Months | As last reported |
Auditor
SP Ports Private Limited is audited by ASNAJ and Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASNAJ and Associates | FY 2022 | 143004W |
Shareholding
The shareholding of SP Ports Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SP Ports Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Apr 2022 | 100571294 | Sbicap Trustee Company Limited | ₹2,772.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
SP Ports Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 3 | Disposed |
To see the full case history of SP Ports 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
SP Ports Private Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 47 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| MRB & Associates | |||
| an individual supplier | |||
| Asnaj & Associates | |||
| an individual supplier |
To see the full MSME payment records of SP Ports Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
SP Ports has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Simar Port Private Limited | U35110GJ2008PTC054507 | |
| West Coast Liquid Terminal Private Limited | U74999MH2016PTC281615 |
To see the full group structure of SP Ports Private Limited, buy the company report.
GST
SP Ports 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 SP Ports Private Limited, buy the company report.
Recent activity
SP Ports Private Limited has 8 board changes on record since 2013: 2 appointments and 6 cessations. The latest: Suresh Dhawan ceased to be Director on 22 Jul 2020.
News
Frequently asked questions
SP Ports has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
SP Ports was a private limited company based in Ahmedabad, Gujarat, India. The company worked in port infrastructure and development, within the infrastructure and utilities industry. It was incorporated on 11 June 2010 and is registered under CIN U45400GJ2010PTC069101. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
SP Ports was incorporated on 11 June 2010. It is registered with the Registrar of Companies, Ahmedabad.
SP Ports had 2 directors:
- Nitin Bhalchandra Bondre - Director
- Mukundan Srinivasan - Director
The CIN (Corporate Identification Number) of SP Ports is U45400GJ2010PTC069101. 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 SP Ports is at Venus Amadeus 301 – 305 3rd Floor Jodhpur Cross Road Satellite, Ahmedabad, Gujarat, India – 380015.
SP Ports can be reached through the website shapoorjipallonji.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of SP Ports on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
No. SP Ports has 1 GST registration on record and it is cancelled or inactive.
SP Ports operated in the infrastructure and utilities industry, in the port infrastructure and development segment.
SP Ports has 12 MSME Form 1 returns on record between 2019 and 2023, listing 47 overdue payments to 4 micro and small suppliers. The latest return was filed on 28 Aug 2023.
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