Spandan Solar Private Limited
About Spandan Solar Private Limited
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Spandan Solar Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 06 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2017PTC098172. Its GSTIN is 24AAYCS9079E1ZL (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mohit Kantilal Songar and Jayshriben Kantibhai Songar.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 7 Aradhana Co Op H Society Ltd Ashapuri Mata'S Mandir Khancho Vejalpur Road Jivr, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2020, the company reported a revenue of ₹79.14 Lakh, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹2.35 Lakh (net margin 3%) and EBITDA of ₹3.17 Lakh (EBITDA margin 4%).
Court records list 17 cases involving the company, including 3 filed by the company and 14 filed against it; 10 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Spandan Solar Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address7 Aradhana Co Op H Society Ltd Ashapuri Mata'S Mandir Khancho Vejalpur Road Jivr, Ahmedabad, Gujarat, India – 380015
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Spandan Solar 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 Spandan Solar is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Spandan Solar Private Limited, buy the company report.
Financials of Spandan Solar Private Limited
FY 2020 filings availableSpandan Solar Private Limited reported revenue of ₹79.14 Lakh (down 22% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year. EBITDA rose 40% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹79.14 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹3.17 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.35 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 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 4% | ||
| Net Profit Margin | 3% | ||
| 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 Spandan Solar Private Limited, buy the company report.
Board of directors of Spandan Solar Private Limited
Spandan Solar has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Kantilal Songar | Director | 27 Dec 2022 | 3 Years 9 Months | Current |
| Jayshriben Kantibhai Songar | Director | 06 Jul 2017 | 9 Years 3 Months | Current |
Auditor
Spandan Solar Private Limited is audited by KALPESH A MEHTA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALPESH A MEHTA & CO | FY 2019 | 114119W |
Shareholding
The shareholding of Spandan Solar Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Spandan Solar Private Limited, buy the company report.
Legal cases
Spandan Solar Private Limited has 17 court cases on record: 3 filed by Spandan Solar, 14 filed against it. 10 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 14 | 10 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kamrup Metro, Assam | Court case (N I Act) | Filed against the company by Three Leaves (India) Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Lendingkart Finance Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR A) | Filed by the company against The State of Gujarat | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR RA) | Filed by the company against Government of Gujarat | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR A) | Filed by the company against Government of Gujarat | Pending |
To see the full case history of Spandan Solar 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 Spandan Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spandan Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAYCS9079E1ZL | Gujarat | Active | 01 Aug 2017 |
To see the full GST registrations and return filing status of Spandan Solar Private Limited, buy the company report.
Recent activity
Spandan Solar Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Kantilal Nenaji Songar ceased to be Director on 27 Dec 2022.
Frequently asked questions
Spandan Solar is an active private limited company based in Ahmedabad, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 06 July 2017 (9+ years old) and is registered under CIN U40106GJ2017PTC098172.
Spandan Solar has 2 current directors:
- Mohit Kantilal Songar - Director
- Jayshriben Kantibhai Songar - Director
The latest financial statements of Spandan Solar on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Spandan Solar is 24AAYCS9079E1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Spandan Solar is U40106GJ2017PTC098172. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spandan Solar has 17 court cases on record: 3 filed by the company and 14 filed against it. 10 are pending.
Spandan Solar was incorporated on 06 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kantilal Nenaji Songar ceased to be Director on 27 Dec 2022. Mohit Kantilal Songar was appointed as Director on 27 Dec 2022. Jayshriben Kantibhai Songar was appointed as Director on 06 Jul 2017.
The registered office of Spandan Solar is at 7 Aradhana Co Op H Society Ltd Ashapuri MataS Mandir Khancho Vejalpur Road Jivr, Ahmedabad, Gujarat, India – 380015.
Spandan Solar operates in the energy and power industry, in the power equipment manufacturers segment.