About Thakkarsons Roll Forming Private Limited
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Thakkarsons Roll Forming Private Limited is a private limited company based in Palghar, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 04 January 1990.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27107MH1990PTC054868. Its GSTIN is 27AAACT1518R1ZZ (Maharashtra). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.26 Cr. It is led by directors Vatsal Devang Thakkar and Devang Kishore Thakkar.
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 Plot No. 4 & 5 S. Nos. 39/2 39/4 40 41/2 Village Aliyali Opp. Pia Office, Palghar, Maharashtra, India – 401404.
As per the financials filed for FY 2019, the company reported a revenue of ₹15.07 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹9.55 Cr (net margin -63.3%) and EBITDA of -₹4.29 Cr (EBITDA margin -28.5%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years and 17% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Thakkarsons Roll Forming. As per MCA filings, the company has open charges of ₹33.56 Cr and satisfied charges of ₹1.25 Cr on record. Court records list 29 cases involving the company, including 9 filed by the company and 20 filed against it; 4 cases are pending. The company has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹12.98 Cr; the latest was in February 2018.
The last known website on record is thakkargroupofcompanies.com.
Company details
Contact details
Thakkarsons Roll Forming Private Limited's registered office is in Palghar, Maharashtra. Its website is thakkargroupofcompanies.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPlot No. 4 & 5 S. Nos. 39/2 39/4 40 41/2 Village Aliyali Opp. Pia Office, Palghar, Maharashtra, India – 401404
- IndustryManufacturing, Construction Materials
To see the full contact details of Thakkarsons Roll Forming 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
Brands
Thakkarsons Roll Forming operates one associated brand: Thakkarsons Roll Forming. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-quality guard rails and solar mounting structures. | thakkargroupofcompanies.com |
Business activity
The main business activity of Thakkarsons Roll Forming is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Thakkarsons Roll Forming Private Limited, buy the company report.
Financials of Thakkarsons Roll Forming Private Limited
FY 2019 filings availableThakkarsons Roll Forming Private Limited reported revenue of ₹15.07 Cr (down 71% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 71% fall in the latest year. EBITDA fell 16% 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 | |||||
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| Total Revenue | ₹15.07 Cr | ||||
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| EBITDA | -₹4.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.55 Cr | ||||
| Balance Sheet | |||||
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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 | -28.5% | ||||
| Net Profit Margin | -63.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Thakkarsons Roll Forming Private Limited, buy the company report.
Board of directors of Thakkarsons Roll Forming Private Limited
Thakkarsons Roll Forming has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vatsal Devang Thakkar | Director | 01 Jun 2015 | 11 Years 4 Months | As last reported |
| Devang Kishore Thakkar | Director | 04 Jan 1990 | 36 Years 9 Months | As last reported |
Auditor
Thakkarsons Roll Forming Private Limited is audited by K A R M & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K A R M & CO | FY 2019 | 105237W |
Shareholding
The shareholding of Thakkarsons Roll Forming 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 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Thakkarsons Roll Forming Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2005 | 90241592 | Canara Bank | ₹44.79 Lakh | Open | |
| 12 Mar 2003 | 90240966 | Canara Bank | ₹33.12 Cr | Open | |
| 08 Oct 2002 | 90223388 | The Karnataka Bank Ltd | ₹15 Lakh | Satisfied | |
| 23 Jul 2001 | 90223272 | Maharashtra State Financial Corporaation | ₹72 Lakh | Satisfied | |
| 21 Nov 1994 | 90222412 | The Karnataka Bank Ltd | ₹20 Lakh | Satisfied |
To see the full charge records of Thakkarsons Roll Forming Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Thakkarsons Roll Forming Private Limited has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹12.98 Cr; the latest was in February 2018.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Rights issue | ₹13 Lakh | Investors: an individual |
| Jul 2015 | Funding round | ₹10.78 Cr | Investors: Metform Corporation, 2 individuals |
| Mar 2012 | Funding round | ₹84.5 Lakh | Investors: 2 individuals |
To see the full deal history of Thakkarsons Roll Forming Private 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
Thakkarsons Roll Forming Private Limited has 29 court cases on record: 9 filed by Thakkarsons Roll Forming, 20 filed against it. 4 cases are pending and 25 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 12 | 2 |
| High courts | 5 | 4 | 1 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Vikram Coils Private Limited | Pending |
| High Court | Court case (SJ) | Filed against the company by Vikram Coils Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Valmont Structures Pvt. Ltd. | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Dynatron Pvt. Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (COMSS) | Filed against the company by Vikram Coils Private Limited | Disposed |
To see the full case history of Thakkarsons Roll Forming 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 Thakkarsons Roll Forming Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thakkarsons Roll Forming Private Limited has a workforce of 3 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Thakkarsons Roll Forming has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT1518R1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thakkarsons Roll Forming Private Limited, buy the company report.
Recent activity
Thakkarsons Roll Forming Private Limited has 5 board changes on record since 1990: 2 appointments and 3 cessations. The latest: Mansi Devang Thakkar ceased to be Director on 18 Apr 2019.
8 earlier events are in the company report.
Frequently asked questions
Thakkarsons Roll Forming is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Thakkarsons Roll Forming is a company under insolvency, formerly operating as a private limited company based in Palghar, Maharashtra, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 04 January 1990 and is registered under CIN U27107MH1990PTC054868. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Thakkarsons Roll Forming has 2 current directors:
- Vatsal Devang Thakkar - Director
- Devang Kishore Thakkar - Director
The latest financial statements of Thakkarsons Roll Forming 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 Thakkarsons Roll Forming is U27107MH1990PTC054868. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thakkarsons Roll Forming has open charges of ₹33.56 Cr and satisfied charges of ₹1.25 Cr as per latest MCA filings.
Thakkarsons Roll Forming has 29 court cases on record: 9 filed by the company and 20 filed against it. 4 are pending. Most are in the district courts.
Thakkarsons Roll Forming was incorporated on 04 January 1990. It is registered with the Registrar of Companies, Mumbai.
Thakkarsons Roll Forming has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹12.98 Cr; the latest was in February 2018.
Mansi Devang Thakkar ceased to be Director on 18 Apr 2019. Vatsal Devang Thakkar ceased to be Additional Director on 29 Sep 2015. Jubin Thakkar Kishore ceased to be Director on 08 Jul 2015. Thakkarsons Roll Forming has 5 board changes on record in total.