Classic Solvents Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 6.50 M
- Company Age 40 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 53.27 Cr
- Satisfied Charges ₹ 89.45 Cr
- Revenue Growth -1.51%
- Profit Growth -93.63%
- Ebitda -80.86%
- Net Worth 1.31%
- Total Assets -18.38%
About Classic Solvents
Classic Solvents Pvt Ltd (CSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 13 September 1984 and has a history of 40 years and eight months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Chemicals And Materials Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.50 Cr and a paid-up capital of Rs 6.50 M.
The company currently has active open charges totaling ₹53.27 Cr. The company has closed loans amounting to ₹89.45 Cr, as per Ministry of Corporate Affairs (MCA) records.
Dhiren Bhuta, Beena Bhuta, and Krushn Bhuta serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U29120MH1984PTC034006
- Company No.
034006
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
13 Sep 1984
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Chemicals and Materials
What products or services does Classic Solvents Pvt Ltd offer?
Classic Solvents Pvt Ltd offers a wide range of products and services, including White Pigments, Titanium Dioxide.
Classic Solvents Pvt Ltd
Explore comprehensive data for Classic Solvents Pvt Ltd, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Classic Solvents?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Dhiren Bhuta  | Managing Director | 13-Sep-1984 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Beena Bhuta | Director | 03-Sep-1995 | Current |
| Krushn Bhuta | Director | 29-Sep-2017 | Current |
Financial Performance of Classic Solvents.
Classic Solvents Pvt Ltd, for the financial year ended 2023, experienced Minor drop in revenue, with a 1.51% decrease. The company also saw a substantial fall in profitability, with a 93.63% decrease in profit. The company's net worth moved up by a moderate rise of 1.31%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Classic Solvents?
In 2023, Classic Solvents had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Masti Villa Llp
Dhiren Bhuta is a mutual person
- Divine Titanium Private Limited
Dhiren Bhuta and Beena Bhuta are mutual person
- Unicolour Textiles Private Limited
Dhiren Bhuta is a mutual person
- Manan Infrastructure & Development Private Limited
Dhiren Bhuta is a mutual person
Charges (Loans)
Open Charges
₹53.27 Cr
Satisfied Charges
₹89.45 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 52.95 Cr
- Others : 0.32 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 May 2024 | Others | ₹3.19 M | Open |
| 29 Apr 2022 | Axis Bank Limited | ₹5.40 M | Open |
| 30 Mar 2022 | Axis Bank Limited | ₹52.41 Cr | Open |
| 25 Apr 2011 | Yes Bank Limited | ₹13.00 Cr | Satisfied |
| 30 Nov 2010 | Yes Bank Limited | ₹13.00 Cr | Satisfied |
How Many Employees Work at Classic Solvents?
Classic Solvents has a workforce of 11 employees as of Apr 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Classic Solvents, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Classic Solvents's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Classic Solvents
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 0.32 Cr with Charge ID 100930771 was registered on 09 May 2024.
- Charges
A charge with Axis Bank Limited of Rs. 52.41 Cr registered on 30 Mar 2022 with Charge ID 100573600 was modified on 22 Apr 2024.
- Annual General Meeting
Classic Solvents Pvt Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Classic Solvents Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge registered on 16 Jul 2002 via Charge ID 90164267 with Others was fully satisfied on 15 Sep 2022.
- Charges
A charge registered on 02 Apr 2002 via Charge ID 90164238 with Corporation Bank was fully satisfied on 15 Sep 2022.
Frequently asked questions
What is the Incorporation or founding date of Classic Solvents Pvt Ltd?
Classic Solvents Pvt Ltd was incorporated on 13 Sep 1984.
What is authorized share capital and paid-up capital of Classic Solvents Pvt Ltd?
The authorized share capital of Classic Solvents Pvt Ltd is ₹ 1.50 Cr and paid-up capital is ₹ 6.50 M.
Who are the current board members & directors of Classic Solvents Pvt Ltd?
Currently 3 directors are associated with Classic Solvents Pvt Ltd.
- Dhiren Pranlal Bhuta
- Beena Dhiren Bhuta
- Krushn Dhiren Bhuta
What is the registered address of Classic Solvents Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Classic Solvents Pvt Ltd is 601 6Th Floor 349 Business Point Western Express Highway, Andheri (E) India, Mumbai, Maharashtra, 400069.
What is the corporate identification number (CIN) and company number of Classic Solvents Pvt Ltd?
The corporate identification number (CIN) of Classic Solvents Pvt Ltd is U29120MH1984PTC034006 and the company number is 034006 as per Ministry of Corporate Affairs (MCA).
What is the official website of Classic Solvents Pvt Ltd?
The Official website of Classic Solvents Pvt Ltd is https://www.classicsolvents.com
What has been the recent revenue trend for Classic Solvents Pvt Ltd?
According to the financial reports for the fiscal year 2023, the revenue trend for Classic Solvents Pvt Ltd has fallen by -1.51%.
How many employees does Classic Solvents Pvt Ltd currently have?
As Per 2023 financial reports, 11 employees are currently employed by Classic Solvents Pvt Ltd.
What change has been observed in the net worth of Classic Solvents Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Classic Solvents Pvt Ltd has experienced an upsurge of 1.31%.
What are the total open charges for Classic Solvents Pvt Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for Classic Solvents Pvt Ltd amount to ₹ 53.27 Cr.
When was the last Balance Sheet of Classic Solvents Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Classic Solvents Pvt Ltd was filed with the ROC on 31 Mar 2023.
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