Union Oils Private Limited
About Union Oils Private Limited
Data last updated:
Union Oils Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 31 December 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15147GJ1996PTC031422. Its GSTIN is 24AAACU2594E1ZH (Gujarat).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Bhikhubhai Atmaram Patel and Piyush Atmaram Patel.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2018, the company reported a revenue of ₹121.82 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Lakh (net margin 0%) and EBITDA of ₹1.57 Lakh (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years.
Court records list 4 cases involving the company, including 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Union Oils Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressS – 8 Vishal Commercial Center 2nd Floor Nr: Dinesh Hall Off: Ashram, Road, Ahmedabad, Gujarat, India – 380009
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Union Oils 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 Union Oils is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Union Oils Private Limited, buy the company report.
Financials of Union Oils Private Limited
FY 2018 filings availableUnion Oils Private Limited reported revenue of ₹121.82 Cr (up 31% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 55% over three years, including 31% growth in the latest year. EBITDA rose 143% 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 | ₹121.82 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.57 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.04 Lakh | |||
| 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 | 0% | |||
| Net Profit Margin | 0% | |||
| 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 Union Oils Private Limited, buy the company report.
Board of directors of Union Oils Private Limited
Union Oils has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhikhubhai Atmaram Patel Also directs: Hynoup Food & Oil Industries Private Limited, Hytaisun Magnetics Ltd, Mrubhee Exports Imports Pvt Ltd and 4 more | Director | 03 Jun 2013 | 13 Years 5 Months | Current |
| Piyush Atmaram Patel | Additional Director | 07 Jul 2018 | 8 Years 4 Months | Current |
Peer comparison
Union Oils Private Limited is compared with the 5 companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hansha Tradecom Private Limited | ₹122.54 Cr (FY 2024) | 14.0% | Kolkata, West Bengal, India | |||
| Tasty Oilproducts Private Limited | ₹122.05 Cr (FY 2025) | 69.0% | Kanpur, Uttar Pradesh, India | |||
| Kanaknandani Traders Private Limited | ₹122.05 Cr (FY 2025) | 93.0% | Jodhpur, Rajasthan, India | |||
| Kovil Cereals Private Limited | ₹121.89 Cr (FY 2023) | Dindigul, Tamil Nadu, India | ||||
| Union Oils Private Limitedthis company | ₹121.82 Cr (FY 2018) | ₹1.04 Lakh | 0% | 31.0% | Ahmedabad, Gujarat, India | |
| Agarwal Multiagro Industries Private Limited | ₹121.28 Cr (FY 2025) | 51.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Union Oils Private Limited, buy the company report.
Auditor
Union Oils Private Limited is audited by JIGNESH SATAPARA AND CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JIGNESH SATAPARA AND CO | FY 2018 | 134178W |
Shareholding
The shareholding of Union Oils 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 Union Oils Private Limited, buy the company report.
Legal cases
Union Oils Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed against the company | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed against the company by Citi Finance India Ltd. | Disposed |
| District court, Vadodara, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Disposed |
| District court, Aravalli at Modasa, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Union Oils 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 Union Oils Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Union Oils has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACU2594E1ZH | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Union Oils Private Limited, buy the company report.
Recent activity
Union Oils Private Limited has 7 board changes on record since 2007: 2 appointments and 5 cessations. The latest: Amelia Menezes Joseph ceased to be Additional Director on 07 Jul 2018.
Frequently asked questions
Union Oils is an active private limited company based in Ahmedabad, Gujarat, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 31 December 1996 (30+ years old) and is registered under CIN U15147GJ1996PTC031422.
Union Oils has 2 current directors:
- Bhikhubhai Atmaram Patel - Director
- Piyush Atmaram Patel - Additional Director
The latest financial statements of Union Oils on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Union Oils is 24AAACU2594E1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Union Oils is U15147GJ1996PTC031422. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Union Oils has 4 court cases on record: 4 filed against it. Most are in the district courts.
Union Oils was incorporated on 31 December 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Union Oils by revenue are Hansha Tradecom Private Limited, Tasty Oilproducts Private Limited, Kanaknandani Traders Private Limited, Kovil Cereals Private Limited, Agarwal Multiagro Industries Private Limited, all in the Food and Beverages industry (Food and Beverages Retail and Distribution), with the same principal business activity (wholesale trading).
Amelia Menezes Joseph ceased to be Additional Director on 07 Jul 2018. Piyush Atmaram Patel was appointed as Additional Director on 07 Jul 2018. Mahendrasinh Bharatsinh Darbar ceased to be Director on 30 Sep 2016. Union Oils has 7 board changes on record in total.
The registered office of Union Oils is at S – 8 Vishal Commercial Center 2nd Floor Nr: Dinesh Hall Off: Ashram, Road, Ahmedabad, Gujarat, India – 380009.
Union Oils operates in the food and beverages industry, in the food and beverage retail and distribution segment.
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