Comet Paints Private Limited

Investment company specializing in paints.

1961 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Comet Paints Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 1.00 Cr
  • Company Age 63 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 8.58 Cr
  • Revenue Growth 215.38%
  • Profit Growth 101.82%
  • Ebitda -14.46%
  • Net Worth 0.10%
  • Total Assets -6.52%

About Comet Paints

Comet Paints Private Limited (CPPL) was founded in India on 16 November 1961 and has a glorious history of 63 years and three months.Its registered office is in Ahmedabad, Gujarat, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 1.00 Cr.

The company currently has active open charges totaling ₹8.58 Cr.

Minal Patel, Prashant Amin, and Paresh Amin serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U24220GJ1961PTC001099

  • Company No.

    001099

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    16 Nov 1961

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Financial Services

Who are the key members and board of directors at Comet Paints?

Financial Performance of Comet Paints.

Comet Paints Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 215.38% increase. The company also saw a substantial improvement in profitability, with a 101.82% increase in profit. The company's net worth moved up by a moderate rise of 0.1%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
215.38%
Revenue from Operations
Total Assets
-6.52%
Profit or Loss
101.82%
Net Worth
0.10%
EBITDA
-14.46%

What is the Ownership and Shareholding Structure of Comet Paints?

In 2022, Comet Paints had a promoter holding of 11.91% and a public holding of 88.09%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹8.58 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 5.90 Cr
  • State Bank Of India : 2.68 Cr

Latest Charge Details

DateLenderAmountStatus
09 Sep 2024Others₹4.00 MOpen
09 Sep 2024Others₹1.50 CrOpen
09 Sep 2024Others₹4.00 CrOpen
04 Apr 1985State Bank Of India₹1.41 CrOpen
04 Apr 1985State Bank Of India₹1.27 CrOpen

How Many Employees Work at Comet Paints?

Unlock and access historical data on people associated with Comet Paints, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Comet Paints, 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 Comet Paints's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Comet Paints

Recent activity within the organization

  • Annual General Meeting

    Comet Paints Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Charges

    A charge with Others amounted to Rs. 0.40 Cr with Charge ID 100996401 was registered on 09 Sep 2024.

    09 Sep 2024

  • Charges

    A charge with Others amounted to Rs. 1.50 Cr with Charge ID 100996404 was registered on 09 Sep 2024.

    09 Sep 2024

  • Charges

    A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100997143 was registered on 09 Sep 2024.

    09 Sep 2024

  • Balance Sheet

    Comet Paints Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

    31 Mar 2024

  • Director Appointment

    Minal Saran Patel was appointed as a Director was appointed as a Director on 24 Sep 2018 & has been associated with this company since 6 years 5 months .

    24 Sep 2018

Frequently asked questions

  • What is the Incorporation or founding date of Comet Paints Private Limited?

    Comet Paints Private Limited was incorporated on 16 Nov 1961.

  • What is authorized share capital and paid-up capital of Comet Paints Private Limited?

    The authorized share capital of Comet Paints Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 1.00 Cr.

  • Who are the current board members & directors of Comet Paints Private Limited?

    Currently 3 directors are associated with Comet Paints Private Limited.

    • Minal Saran Patel
    • Prashant Anandbhai Amin
    • Paresh Anandbhai Amin

  • What is the registered address of Comet Paints Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Comet Paints Private Limited is 1St Floor Sastu Sahitya Buliding Swami Akhandanand Marg, Bhadra India, Ahmedabad, Gujarat, 380001.

  • What is the corporate identification number (CIN) and company number of Comet Paints Private Limited?

    The corporate identification number (CIN) of Comet Paints Private Limited is U24220GJ1961PTC001099 and the company number is 001099 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Comet Paints Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Comet Paints Private Limited has risen by 215.38%.

  • What change has been observed in the net worth of Comet Paints Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Comet Paints Private Limited has experienced an upsurge of 0.10%.

  • What are the total open charges for Comet Paints Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Comet Paints Private Limited amount to ₹ 8.58 Cr.

  • When was the last Balance Sheet of Comet Paints Private Limited filed with the ROC?

    The most recent Balance Sheet for Comet Paints Private Limited was filed with the ROC on 31 Mar 2024.

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