Spic Petrochemicals Limited
About Spic Petrochemicals Limited
Data last updated:
Spic Petrochemicals Limited is a public limited company based in Chennai, Tamil Nadu, 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 petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 27 January 1994.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U51101TN1994PLC026632.
The company has an authorised share capital of ₹750 Cr and a paid-up capital of ₹253.8 Cr. It is led by directors including Swaminathan Chandramohan (Whole-Time Director) and Suryanarayanan Natarajan.
Its last annual general meeting (AGM) was held on 10 July 2009, and its latest financial statements are for the year ended 31 March 2009. The registered office is at Kosappur Village Madhavaram Post, Chennai, Tamil Nadu, India – 600060.
As per MCA filings, the company has open charges of ₹265.08 Cr on record. Court records list 66 cases involving the company, including 16 filed by the company and 50 filed against it; 18 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in June 2007.
Company details
Contact details
Spic Petrochemicals Limited's registered office is in Chennai, Tamil Nadu.
- Registered AddressKosappur Village Madhavaram Post, Chennai, Tamil Nadu, India – 600060
- IndustryChemicals and Materials, Petrochemicals & Derivatives
- 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 Spic Petrochemicals Limited
FY 2009 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Spic Petrochemicals Limited, buy the company report.
Board of directors of Spic Petrochemicals Limited
Spic Petrochemicals has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suryanarayanan Natarajan Also directs: Aida Manufacturing Private Limited, Polyhose India Rubber Private Limited, Vector Hydraulics Private Limited and 3 more | Nominee Director | 19 Dec 2008 | 17 Years 10 Months | As last reported |
| Swaminathan Chandramohan Also directs: Spel Semiconductor Limited | Whole-Time Director | 25 Mar 2009 | 17 Years 7 Months | As last reported |
| Mulloth Jayasankar | Nominee Director | 27 Jan 2009 | 17 Years 9 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jan 1997 | 80030643 | Dena Bank | ₹25 Cr | Open | |
| 18 Sep 1996 | 80051313 | State Bank of India | ₹215.08 Cr | Open | |
| 01 Mar 1996 | 80049011 | Union Bank of India | ₹25 Cr | Open |
To see the full charge records of Spic Petrochemicals Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Spic Petrochemicals Limited has 1 deal on record (1 secondary share transfer); the latest was in June 2007.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2007 | Secondary share transfer | Undisclosed | Buyer: Southern Petrochemical Industries Corporation Limited Seller: Spic Holdings and Investments Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spic Petrochemicals Limited has 66 court cases on record: 16 filed by Spic Petrochemicals, 50 filed against it. 18 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 62 | 46 | 18 |
| District courts | 4 | 4 | 0 |
Cases on record (5 of 66)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Court case (COMP.A) | Filed against the company by Larsen & Toubro Ltd., | Pending |
| High Court, TAMIL NADU | Company petition | Filed against the company by Larsen & Toubro Ltd., | Pending |
| High Court, TAMIL NADU | Appeal | Filed by the company against M/S. Inox India Ltd. | Pending |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed against the company by Grasim Industries Ltd., | Pending |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed against the company by Bharat Heavy Electricals Ltd., | Pending |
To see the full case history of Spic Petrochemicals 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 Spic Petrochemicals Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Spic Petrochemicals Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Spic Petrochemicals Limited has 11 board changes on record since 2007: 3 appointments and 8 cessations. The latest: Srinivasan Ramchandran ceased to be Nominee Director on 23 Sep 2009.
8 earlier events are in the company report.
Frequently asked questions
Spic Petrochemicals 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.
Spic Petrochemicals is a company under liquidation, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 27 January 1994 and is registered under CIN U51101TN1994PLC026632. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Spic Petrochemicals has 3 current directors:
- Swaminathan Chandramohan - Whole-Time Director
- Suryanarayanan Natarajan - Nominee Director
- Mulloth Jayasankar - Nominee Director
The latest financial statements of Spic Petrochemicals on record with the MCA are for the year ended 31 March 2009. Its last annual general meeting was held on 10 July 2009. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Spic Petrochemicals is U51101TN1994PLC026632. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spic Petrochemicals has open charges of ₹265.08 Cr and no satisfied charges on record as per latest MCA filings.
Spic Petrochemicals has 66 court cases on record: 16 filed by the company and 50 filed against it. 18 are pending. Most are in the high courts.
Spic Petrochemicals was incorporated on 27 January 1994. It is registered with the Registrar of Companies, Chennai.
Spic Petrochemicals has 1 deal on record (1 secondary share transfer); the latest was in June 2007.
Srinivasan Ramchandran ceased to be Nominee Director on 23 Sep 2009. Swaminathan Chandramohan ceased to be Additional Director on 01 Apr 2009. Arjun Chari ceased to be Whole-Time Director on 31 Mar 2009. Spic Petrochemicals has 11 board changes on record in total.
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