Trust Stamp for EURO SOLO ENERGY SYSTEM LIMITED


	EURO SOLO ENERGY SYSTEM LIMITED

Registered Office

Address	301, Megor Arcade, M G Road, Ghatkopar (East), Mumbai 400077, Maharashtra, India
Tel. No.	91-22-25027101 / 2 / 3 / 3512 -3
Fax No.	91-22-25027100

WHAT IS TRUST STAMP ?

Trust Stamp is an exclusive service offered by tradeindia that provides comprehensive information of a business entity. more...

SUMMARY

Incorporated	2004/10/29
Registration No.	11-149319
No. of Employees	350
Line of Business	Manufacturer of Batteries

Status

Company is just few years old growing concern establishing itself. Trade relations are fair.

Payments

No Complaints

Litigation

Clear

Banking Reputation

Satisfactory

Auditors

Name :	M. D. Associates, Chartered Accountant
Address :	169 / 4, Lawahar Nagar, Road, No. 2, Goregaon, Mumbai 400062,Maharashtra, India

FACTORY WAREHOUSE

Factory 1 :	44-A, Navketan Industrial Estate, Opp. Onida Corp Offioce, Mahakali Caves Road, Andheri (East), Mumbai 400 093, Maharashtra, India
Tel. No.:	91-22-40776000
Fax No.:	91-22-40776010
Area	3000 sq ft
Location	Rented
Factory 2 :	Opp. to Pidilite Industries, Village - Gullerwala, Baddi, Tehsil - Nalagarh, District Solan 173205, Himachal Pradesh

LEGAL FORM

A Closely held Public Limited Liability Company

DIRECTORS

DIRECTORS
Name : Mr. Nikhil Lakhamshi Chheda
Designation : Managing Director
Address : 12, Koyal Geet, Vallabh Baugh Lane, Ghatkopar (East), Mumbai 400077
Date of Birth/Age : 1975/06/22
Date of Appointment : 2004/10/29
Name : Mr. Lakhamshi Nanji Chheda
Designation : Director
Address : 12, Koyal Geet, Vallabh Baugh Lane, Ghatkopar (East), Mumbai 400077
Date of Birth/Age : 1947/06/29
Date of Appointment : 2004/10/29
Name : Mr. Shailesh Lakhamshi Chheda
Designation : Director
Address : 12, Koyal Geet, Vallabh Baugh Lane, Ghatkopar (East), Mumbai 400077
Date of Birth/Age : 1968/11/28
Date of Appointment : 2004/10/29
Name : Mr. Dhaval Shantilal Shah
Designation : Director
Address : 302, Abhishek Vallabhbhia Road, Vile Parle (West), Mumbai 400056
Date of Birth/Age : 1983/02/10
Date of Appointment : 2004/10/29
Name : Mr. Shantilal Ladhabhai Shah
Designation : Director
Address : Shop No. 6, Abhishek, Vallabhbhai Road, Vile Parle (West), Mumbai 400056
Date of Birth/Age : 1958/04/12
Date of Appointment : 2004/10/29
Name : Mr. Shubhashbhai Laljibhai Shah
Designation : Director
Address : Prime Avenue, B Wing, Flat No. 403, S.V. Raod, Near Nanavati Hospital, Vile Parle (West), Mumbai 400056
Date of Birth/Age : 1971/05/23
Date of Appointment : 2005/05/05
Name : Mr. Laljibhai Khirabhai Shah
Designation : Director
Address : C/o. Laxmi Ply Agency, Shop No. 6, Abhishek Vallabh Bhai Road, Vile Parle (West), Mumbai 400056
Date of Birth/Age : 1952/05/21
Date of Appointment : 2004/10/29
Name : Mrs. Nenshi Ladhabhai Shah
Designation : Director
Address : 202, Ashaniketan Building, Baptista Road, Vile Parle (West), Mumbai 400056
Date of Birth/Age : 1959/09/26
Date of Appointment : 2004/12/21
Name : Mrs. Daksha Shubhash Shah
Designation : Director
Address : Prime Avenue, B Wing, Flat No. 403, S.V. Raod, Near Nanavati Hospital, Vile Parle (West), Mumbai 400056
Date of Birth/Age : 1975/07/29
Date of Appointment : 2004/12/21
Name : Mr. Nilesh Lakhamshi Nanji Chheda
Designation : Director
Address : 12, Koyal Geet, Vallabh Baugh Lane, Ghatkopar (East), Mumbai 400077
Date of Birth/Age : 1971/02/19
Date of Appointment : 2007/08/25

MAJOR SHAREHOLDERS

[MAJOR SHAREHOLDERS]

(As On 29.09.2007)
Names of Shareholders No. of Shares
Mr. Dhaval Shantilal Shah 10000
Mr. Shantilal Ladhabhai Shah 10000
Mr. Nilesh Chheda 60000
Mr. Laljibhai Khirabhai Shah 10000
Mr. Nenshi L. Shah 10000
Mr. Shailesh Lakhamshi Chheda 250000
Mr. Manilal M. Gada 500000
Mr. Nikhil Lakhamshi Chheda 720000
Dsti Enterprises Private Limited 460000
Mrs. Reena Hemang Shah 288590
Mr. Hemang Bhagwandas Shah 528622
Mr. Yogesh C. Shah 65788
Lite source Manufacturing Company 107695
Total 3020695
Equity share breakup (percentage of total equity)
Category Percentage of Holding
Directors or Relatives of Directors 100.00
Total 100.00

PRODUCTS DETAILS

Brands :
EURO VITRIFIED TILES
EURO BOND - ALUMINIUM COMPOSITE PANEL
EURO MERCHANDISE
URO PLY
URO MICA
URO VENNER
EURO CANFOR
URO PRELAM

EXPORT DETAILS

Exports to :
Products : Batteries
Country : African Countries

IMPORT DETAILS

Imports From :
Products : Raw Material
Country : China

TRADING TERMS

Terms :
Selling : Advance 50%
Purchasing : L/C, Cash and Credit Terms

TYPE OF CUSTOMERS

Customers :
Infosys
Godrej
Reliance
ICICI
Raymonds
TCS
Jindal
ONGC
The Taj Group

BANKERS

Bankers :
State Bank of India, Industrial Finance Branch, marble Arch, Race Course,Vadodara 390007, Gujarat
E-Mail: pn.prasad@sbi.co.in
Cosmos Cooperative Bank, Ghatkopar

AUDITORS

Name :	M. D. Associates, Chartered Accountant
Address :	169 / 4, Lawahar Nagar, Road, No. 2, Goregaon, Mumbai 400062,Maharashtra, India

FINANCIAL INFORMATION

[all figures are in Rupees Millions]
Particulars 2007/03/31
Sales Turnover 66.670
Other Income 21.101
Total Income 87.771
Profit/(Loss) Before Tax (71.502)
Provision for Taxation 0.821
Profit/(Loss) After Tax (72.323)
Expenditures :
Raw Material Consumed 59.983
Purchases made for re-sale 0.000
Consumption of stores and spares parts 0.000
Increase/(Decrease) in Finished Goods (41.697)
Salaries, Wages, Bonus, etc. 26.856
Managerial Remuneration 0.000
Payment to Auditors 0.125
Interest 60.751
Insurance Expenses 0.202
Power & Fuel 3.063
Depreciation & Amortization 19.968
Other Expenditure 30.020
Total Expenditure 159.271

Particulars 2008/03/31
Sales Turnover 130.000

Expected Sales (2008-09) : Rs.140.000 Millions

CAPITAL STRUCTURE

Capital Structure

Authorised Capital :
No. of Shares Type Value Amount
13000000 Equity Shares Rs.10/- each Rs.130.000 Millions
5000000 Preferences Shares Rs.10/- each Rs.50.000 Millions
Total Rs.180.000 Millions

Issued, Subscribed & Paid-up Capital :
No. of Shares Type Value Amount
3021055 Equity Shares Rs.10/- each Rs.30.210 Millions

Disclaimer