Syndicate Bearings Private Limited
About Syndicate Bearings Private Limited
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Syndicate Bearings Private Limited is a private limited company based in Changodar, Gujarat, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 03 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29130GJ2007PTC049705. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Girija Manojkumar Gouthi and Manojkumar Dungarmal Gouthi.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 54/55A Mahagujarat Ind.Estate Opp.Rajeshwari Metal Village – Moraiya Taluka – Sanand, Changodar, Gujarat, India – 382213.
As per the financials filed for FY 2021, the company reported a revenue of ₹56.5 Lakh, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹14.95 Lakh (net margin -26.5%) and EBITDA of -₹13.98 Lakh (EBITDA margin -24.7%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Syndicate Bearings Private Limited's registered office is in Changodar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address54/55A Mahagujarat Ind.Estate Opp.Rajeshwari Metal Village – Moraiya Taluka – Sanand, Changodar, Gujarat, India – 382213
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Syndicate Bearings 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 Syndicate Bearings 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 Syndicate Bearings Private Limited, buy the company report.
Financials of Syndicate Bearings Private Limited
FY 2021 filings availableSyndicate Bearings Private Limited reported revenue of ₹56.5 Lakh (down 48% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 48% fall in the latest year. EBITDA fell 443% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹13.98 Lakh | ||||
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| Net Profit (PAT) | -₹14.95 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | -24.7% | ||||
| Net Profit Margin | -26.5% | ||||
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To see the full financial statements and ratios of Syndicate Bearings Private Limited, buy the company report.
Board of directors of Syndicate Bearings Private Limited
Syndicate Bearings has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girija Manojkumar Gouthi | Director | 03 Jan 2007 | 19 Years 9 Months | Current |
| Manojkumar Dungarmal Gouthi | Director | 03 Jan 2007 | 19 Years 9 Months | Current |
Auditor
Syndicate Bearings Private Limited is audited by SHAH LADHA AND ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH LADHA AND ASSOCIATES | FY 2018 | 115479W |
Shareholding
The shareholding of Syndicate Bearings Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Syndicate Bearings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2016 | 100023770 | Others | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Syndicate Bearings Private Limited has 4 court cases on record: 3 filed by Syndicate Bearings, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by Dic-Ncc(Jv)Nagarjuna Construction Co Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against Renaissancew Corporation Ltd. | Disposed |
To see the full case history of Syndicate Bearings 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 Syndicate Bearings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Syndicate Bearings 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 Syndicate Bearings Private Limited, buy the company report.
Recent activity
Syndicate Bearings Private Limited has 2 board changes on record since 2007: 2 appointments. The latest: Girija Manojkumar Gouthi was appointed as Director on 03 Jan 2007.
Frequently asked questions
Syndicate Bearings is an active private limited company based in Changodar, Gujarat, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 03 January 2007 (19+ years old) and is registered under CIN U29130GJ2007PTC049705.
Syndicate Bearings has 2 current directors:
- Girija Manojkumar Gouthi - Director
- Manojkumar Dungarmal Gouthi - Director
The latest financial statements of Syndicate Bearings on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Syndicate Bearings has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Syndicate Bearings is U29130GJ2007PTC049705. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Syndicate Bearings has 4 court cases on record: 3 filed by the company and 1 filed against it. Most are in the district courts.
Syndicate Bearings was incorporated on 03 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Girija Manojkumar Gouthi was appointed as Director on 03 Jan 2007. Manojkumar Dungarmal Gouthi was appointed as Director on 03 Jan 2007.
The registered office of Syndicate Bearings is at 5455A Mahagujarat Ind.Estate Opp.Rajeshwari Metal Village – Moraiya Taluka – Sanand, Changodar, Gujarat, India – 382213.
Syndicate Bearings operates in the machinery and equipment industry, in the industrial machinery retail and distribution segment.