About Timblo Shipyards Private Limited
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Timblo Shipyards Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 31 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2010PTC203562. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹110 Cr and a paid-up capital of ₹109 Cr. It is led by directors including Mahendra Promod Timblo and Subhash Kumar Mutreja.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 64 Bajaj Bhavan Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2018, the company reported a revenue of ₹55.9 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹2.67 Cr (net margin -478.2%) and EBITDA of -₹42.06 Lakh (EBITDA margin -75.2%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years.
As per MCA filings, the company has open charges of ₹26.7 Cr and satisfied charges of ₹138.92 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹95 Cr; the latest was in March 2018.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website timbloshipyards.com.
Company details
Contact details
Timblo Shipyards Private Limited's registered office is in Mumbai, Maharashtra. Its website is timbloshipyards.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address64 Bajaj Bhavan Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryTransport and Logistics, Shipbuilding & Repair Services
To see the full contact details of Timblo Shipyards 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 Timblo Shipyards is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles |
To see the full business activity and turnover split of Timblo Shipyards Private Limited, buy the company report.
Financials of Timblo Shipyards Private Limited
FY 2022 filings availableTimblo Shipyards Private Limited reported revenue of ₹55.9 Lakh (down 89% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over three years, including a 89% fall in the latest year. EBITDA fell 102% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹55.9 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹42.06 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.67 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -75.2% | |||
| Net Profit Margin | -478.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Timblo Shipyards Private Limited, buy the company report.
Board of directors of Timblo Shipyards Private Limited
Timblo Shipyards has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Promod Timblo | Director | 31 May 2010 | 16 Years 4 Months | Current |
| Subhash Kumar Mutreja Also directs: Villotel Rentals and Hospitality LLP, Scapes Hospitality LLP, Scapes Real Estate Development India Private Limited and 2 more | Director | 12 Jan 2015 | 11 Years 9 Months | Current |
| Sarvesh Pramod Timblo Also directs: Timblo Printers Private Limited, Aero Advanced Systems Private Limited, Timblo Planting Private Limited and 2 more | Director | 31 May 2010 | 16 Years 4 Months | Current |
| Anant Fondu Lawande Also directs: Timblo Printers Private Limited, Timblo Planting Private Limited, Timblo Shipping Private Limited and 2 more | Additional Director | 25 Jun 2022 | 4 Years 4 Months | Current |
Auditor
Timblo Shipyards Private Limited is audited by REGE KUNKOLIENKAR & ANGLE for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| REGE KUNKOLIENKAR & ANGLE | FY 2018 | 126145W |
Shareholding
The shareholding of Timblo Shipyards Private Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Timblo Shipyards Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jun 2020 | 100375613 | Others | ₹12.55 Cr | Open | |
| 03 Apr 2018 | 100223406 | Others | ₹3.85 Cr | Open | |
| 14 Nov 2016 | 100063340 | Others | ₹13.45 Lakh | Open | |
| 22 Sep 2016 | 100060870 | Others | ₹10 Cr | Open | |
| 28 Jun 2013 | 10437400 | Canara Bank | ₹16.75 Lakh | Open |
To see the full charge records of Timblo Shipyards Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Timblo Shipyards Private Limited has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹95 Cr; the latest was in March 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Funding round | ₹55 Cr | Investors: 3 individuals |
| Mar 2015 | Rights issue | ₹13.95 Cr | Investors: 3 individuals |
| Mar 2014 | Funding round | ₹15 Cr | Investors: 3 individuals |
| Mar 2012 | Funding round | ₹25 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Timblo Shipyards Private Limited has 2 court cases on record: 1 filed by Timblo Shipyards, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (AS) | Filed by the company against Arc Offshore India Pvt. Ltd. and 1 other | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S Srei Equipment Finance Limited | Disposed |
To see the full case history of Timblo Shipyards 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 Timblo Shipyards Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Timblo Shipyards 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 Timblo Shipyards Private Limited, buy the company report.
Recent activity
Timblo Shipyards Private Limited has 8 board changes on record since 2010: 4 appointments and 4 cessations. The latest: Anant Fondu Lawande was appointed as Additional Director on 25 Jun 2022.
22 earlier events are in the company report.
Frequently asked questions
Timblo Shipyards is an active private limited company based in Mumbai, Maharashtra, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 31 May 2010 (16+ years old) and is registered under CIN U74999MH2010PTC203562.
Timblo Shipyards has 4 current directors:
- Mahendra Promod Timblo - Director
- Subhash Kumar Mutreja - Director
- Sarvesh Pramod Timblo - Director
- Anant Fondu Lawande - Additional Director
The latest financial statements of Timblo Shipyards on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Timblo Shipyards has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Timblo Shipyards is U74999MH2010PTC203562. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Timblo Shipyards has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Timblo Shipyards was incorporated on 31 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Timblo Shipyards has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹95 Cr; the latest was in March 2018.
Anant Fondu Lawande was appointed as Additional Director on 25 Jun 2022. Subhash Kumar Mutreja ceased to be Director on 31 Oct 2020. Pramod Panduranga Timblo ceased to be Director on 08 Apr 2018. Timblo Shipyards has 8 board changes on record in total.
Timblo Shipyards can be reached through the website timbloshipyards.com. Its registered office is in Mumbai, Maharashtra, India.