About SVC Resources Limited
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SVC Resources Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 28 February 1976 and has been in existence for over 50 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L10100MH1976PLC018861. The company has 3 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 20 Jun 2023 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹6.96 Cr. It was formerly known as Pace Textiles Limited and Pace Electronics & Textiles Private Limited. It is led by directors including Rajesh Shrivallabh Baheti and Archana Harish Vyas.
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 Office No. 42 Citi Mall Link Road Andheri (West), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2019, the company reported a revenue of ₹27.53 Lakh, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹6.96 Lakh (net margin 25.3%) and EBITDA of ₹7.18 Lakh (EBITDA margin 26.1%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
As per MCA filings, the company has satisfied charges of ₹2.6 Cr on record. Court records list 24 cases involving the company, including 5 filed by the company and 19 filed against it; 5 cases are pending. The company has 144 deals on record (143 market trades, 1 acquisition); the latest was in March 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website svcresources.co.in.
Company details
Name history
SVC Resources has undergone 3 name changes throughout its history. The company was previously known as Pace Textiles Limited, Pace Electronics & Textiles Private Limited, and Pace Electronics & Textiles Limited. The current legal name is Svc Resources Limited.
| Company Name | Status |
|---|---|
| SVC Resources Limited | Current |
| Pace Textiles Limited | Previous |
| Pace Electronics & Textiles Private Limited | Previous |
| Pace Electronics & Textiles Limited | Previous |
CIN history
SVC Resources has one previous CIN (Corporate Identification Number): L32106MH1976PLC018861. The current CIN is L10100MH1976PLC018861, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L10100MH1976PLC018861 | Current |
| L32106MH1976PLC018861 | Previous |
Contact details
SVC Resources Limited's registered office is in Mumbai, Maharashtra. Its website is svcresources.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 42 Citi Mall Link Road Andheri (West), Mumbai, Maharashtra, India – 400053
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of SVC Resources 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 SVC Resources is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of SVC Resources Limited, buy the company report.
Financials of SVC Resources Limited
FY 2019 filings availableSVC Resources Limited reported revenue of ₹27.53 Lakh (up 51% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 51% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA fell 88% 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 |
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| EBITDA | ₹7.18 Lakh | ||||
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| Net Profit (PAT) | ₹6.96 Lakh | ||||
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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 | 26.1% | ||||
| Net Profit Margin | 25.3% | ||||
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To see the full financial statements and ratios of SVC Resources Limited, buy the company report.
Board of directors of SVC Resources Limited
SVC Resources has 3 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Shrivallabh Baheti Also directs: Second Skin Fashions Limited., Lorgan Lifestyle Limited | Director | 07 Oct 2014 | 12 Years 0 Months | Current |
| Manohar Kashinath Sonowane | Additional Director | 29 Feb 2020 | 6 Years 7 Months | Current |
| Archana Harish Vyas | Director | 29 May 2019 | 7 Years 4 Months | Current |
Auditor
SVC Resources Limited is audited by JAIN & JAIN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN & JAIN | FY 2017 | 103869W |
Shareholding
The shareholding of SVC Resources Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of SVC Resources Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Aug 2010 | 10270653 | Srei Equipment Finance Private Limited | ₹2.6 Cr | Satisfied |
To see the full charge records of SVC Resources Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
SVC Resources Limited has 144 deals on record (143 market trades, 1 acquisition); the latest was in March 2017.
Deals on record (5 of 144)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Market trade | ₹3.2 Lakh | Buyer: an individual Seller: Satvik Securities Private Limited |
| Mar 2015 | Market trade | ₹6.6 Lakh | Buyer: Panchsheel Securities Private Limited Seller: PRJ Infracon Private Limited |
| Mar 2015 | Market trade | ₹27.5 Lakh | Buyer: Mooncity Advisors Private Limited , 2 individuals Seller: 3 individuals |
| Jan 2014 | Acquisition | ₹68.5 Lakh | Buyer: Lorgan Lifestyle Limited |
| Dec 2013 | Market trade | ₹42.6 Lakh | Buyer: Lorgan Lifestyle Limited , Prabudh Securties Pvt Ltd Seller: Lts Investment Fund Ltd |
To see the full deal history of SVC Resources Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SVC Resources Limited has 24 court cases on record: 5 filed by SVC Resources, 19 filed against it. 5 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 11 | 0 |
| District courts | 10 | 8 | 5 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Srei Equipment Finance Pvt. Ltd. | Pending |
| Bombay High Court | Writ petition | Filed by the company against Powerhouse Fitness and Realty Ltd and 4 others | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Srei Equipment Finance Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed by the company against Pranidhi Commerce Pvt Ltd 1 and 15 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company by Registrar of Companies | Pending |
To see the full case history of SVC Resources 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 SVC Resources Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
SVC Resources has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of SVC Resources Limited, buy the company report.
Recent activity
SVC Resources Limited has 34 board changes on record since 2009: 3 appointments and 31 cessations. The latest: Akhilesh Malvi ceased to be Managing Director on 29 Feb 2020.
27 earlier events are in the company report.
Frequently asked questions
SVC Resources is an active public limited company based in Mumbai, Maharashtra, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 28 February 1976 (50+ years old) and is registered under CIN L10100MH1976PLC018861.
SVC Resources has 3 current directors:
- Rajesh Shrivallabh Baheti - Director
- Manohar Kashinath Sonowane - Additional Director
- Archana Harish Vyas - Director
The latest financial statements of SVC Resources 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.
No. SVC Resources has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of SVC Resources is L10100MH1976PLC018861. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SVC Resources is recorded as a listed company by MCA, but its shares were delisted from BSE on 20 Jun 2023 · compulsory delisting, and no longer trade on a stock exchange.
SVC Resources has 24 court cases on record: 5 filed by the company and 19 filed against it. 5 are pending. Most are in the high courts.
SVC Resources was incorporated on 28 February 1976, making it 50+ years old. It is registered with the Registrar of Companies, Mumbai.
SVC Resources has 144 deals on record (143 market trades, 1 acquisition); the latest was in March 2017.
Akhilesh Malvi ceased to be Managing Director on 29 Feb 2020. Manohar Kashinath Sonowane was appointed as Additional Director on 29 Feb 2020. Ghanshyam Chunilal Chudasama ceased to be Director on 28 Feb 2020. SVC Resources has 34 board changes on record in total.