About Spel Granito Private Limited
Data last updated:
Spel Granito Private Limited is a private limited company based in Jasmatgadh, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 16 September 2013.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26960GJ2013PTC076853. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4.9 Cr and a paid-up capital of ₹4.75 Cr. It was formerly known as Surani Tiles Private Limited. It is led by directors including Sachin Naveen Sinha (Irp/Rp/Liquidator) and Arvind Gaudana (Irp/Rp/Liquidator).
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 S.No 488 Nr. Pavadiyari Temple Tal.Morbi Dist. Morbi, Jasmatgadh, Gujarat, India – 363630.
As per the financials filed for FY 2019, the company reported a revenue of ₹23.22 Cr, a growth of 71% compared to the previous year. For the same year it recorded a net loss of ₹27.78 Lakh (net margin -1.2%) and EBITDA of ₹2.28 Cr (EBITDA margin 9.8%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.98 Cr and satisfied charges of ₹15.6 Cr on record. Court records list 17 cases involving the company, including 8 filed by the company and 9 filed against it; 5 cases are pending.
The last known website on record is aurrumtiles.com.
Company details
Contact details
Spel Granito Private Limited's registered office is in Jasmatgadh, Gujarat. Its website is aurrumtiles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressS.No 488 Nr. Pavadiyari Temple Tal.Morbi Dist. Morbi, Jasmatgadh, Gujarat, India – 363630
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Spel Granito 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 Spel Granito is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Spel Granito Private Limited, buy the company report.
Financials of Spel Granito Private Limited
FY 2019 filings availableSpel Granito Private Limited reported revenue of ₹23.22 Cr (up 71% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 71% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA fell 21% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹23.22 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹27.78 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.8% | ||||
| Net Profit Margin | -1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Spel Granito Private Limited, buy the company report.
Board of directors of Spel Granito Private Limited
Spel Granito has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Naveen Sinha Also directs: Vishal Pipes Limited | Irp/Rp/Liquidator | 09 Nov 2023 | 2 Years 11 Months | As last reported |
| Arvind Gaudana Also directs: Kanha Associates Private Limited, MJP Associates Private Limited | Irp/Rp/Liquidator | 21 Sep 2024 | 2 Years 1 Months | As last reported |
| Lalita Mahenrabhai Zalariya | Director | 19 Sep 2018 | 8 Years 1 Months | As last reported |
| Mahendrabhai Kalyanjibhai Zalariya | Director | 05 Mar 2016 | 10 Years 7 Months | As last reported |
Peer comparison
Spel Granito Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Clayris Ceramics Private Limited | ₹23.49 Cr (FY 2017) | 5.0% | Ghuntu, Gujarat, India | |||
| Spenzen Ceramic Private Limited | ₹23.38 Cr (FY 2025) | -37.0% | Sapar, Gujarat, India | |||
| Sunbright Ceramic Private Limited | ₹23.31 Cr (FY 2024) | 2.0% | Rangpar, Gujarat, India | |||
| Spel Granito Private Limitedthis company | ₹23.22 Cr (FY 2019) | -₹27.78 Lakh | -1.2% | 71.0% | 18 | Jasmatgadh, Gujarat, India |
To see the full peer comparison of Spel Granito Private Limited, buy the company report.
Auditor
Spel Granito Private Limited is audited by K R H & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R H & ASSOCIATES | FY 2019 | 131766W |
Shareholding
The shareholding of Spel Granito Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Spel Granito Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2017 | 100101727 | Others | ₹1.35 Cr | Open | |
| 29 Nov 2016 | 100066943 | Axis Bank Limited | ₹7.63 Cr | Open | |
| 19 Jul 2014 | 10512303 | Cosmos Co-Operative Bank Limited | ₹15.6 Cr | Satisfied |
To see the full charge records of Spel Granito Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Spel Granito Private Limited has 17 court cases on record: 8 filed by Spel Granito, 9 filed against it. 5 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 8 | 4 |
| NCLT | 3 | 0 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Axis Bank Limited | Disposed |
| District court, Sabarkantha at Himmatnagar, Gujarat | Court case (SMST S) | Filed against the company by Shrusti Ceramics Pvt. Ltd. Through Authorised Person Mukeshkumar D. Solanki | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by Icici Bank Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Commissioner of Customs | Pending |
| District court, MORBI, Gujarat | Commercial matter | Filed against the company by Paschim Gujarat Vij Co. Ltd | Pending |
To see the full case history of Spel Granito 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 Spel Granito Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spel Granito Private Limited has a workforce of 18 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Spel Granito 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 Spel Granito Private Limited, buy the company report.
Recent activity
Spel Granito Private Limited has 10 board changes on record since 2016: 4 appointments and 6 cessations. The latest: Arvind Gaudana was appointed as Irp/Rp/Liquidator on 21 Sep 2024.
6 earlier events are in the company report.
Frequently asked questions
Spel Granito is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Spel Granito is a company under liquidation, formerly operating as a private limited company based in Jasmatgadh, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 16 September 2013 and is registered under CIN U26960GJ2013PTC076853. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Spel Granito has 4 current directors:
- Lalita Mahenrabhai Zalariya - Director
- Mahendrabhai Kalyanjibhai Zalariya - Director
- Sachin Naveen Sinha - Irp/Rp/Liquidator
- Arvind Gaudana - Irp/Rp/Liquidator
The latest financial statements of Spel Granito 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.
The CIN (Corporate Identification Number) of Spel Granito is U26960GJ2013PTC076853. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spel Granito has open charges of ₹8.98 Cr and satisfied charges of ₹15.6 Cr as per latest MCA filings.
Spel Granito has 17 court cases on record: 8 filed by the company and 9 filed against it. 5 are pending. Most are in the district courts.
Spel Granito was incorporated on 16 September 2013. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Spel Granito by revenue are Clayris Ceramics Private Limited, Spenzen Ceramic Private Limited, Sunbright Ceramic Private Limited, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Arvind Gaudana was appointed as Irp/Rp/Liquidator on 21 Sep 2024. Premraj Ramratan Laddha ceased to be Irp/Rp/Liquidator on 09 Nov 2023. Sachin Naveen Sinha was appointed as Irp/Rp/Liquidator on 09 Nov 2023. Spel Granito has 10 board changes on record in total.
Spel Granito can be reached through the website aurrumtiles.com. Its registered office is in Jasmatgadh, Gujarat, India.