Finassure Financial Services Private Limited
About Finassure Financial Services Private Limited
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Finassure Financial Services Private Limited was a private limited company based in Indore, Madhya Pradesh, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 29 October 2013.
The company was registered with the Registrar of Companies (ROC), Gwalior, under CIN U67120MP2013PTC031692. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Amit Sharma and Saket Sharma.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 303 – 304 Gold Arcade 3/1 New Palasia Opp. Curewell Hospital, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.78 Lakh, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹64,087 (net margin -36%) and EBITDA of -₹56,977 (EBITDA margin -32%).
Company details
Contact details
Finassure Financial Services Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address303 – 304 Gold Arcade 3/1 New Palasia Opp. Curewell Hospital, Indore, Madhya Pradesh, India – 452001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Finassure Financial Services 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 Finassure Financial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Finassure Financial Services Private Limited, buy the company report.
Financials of Finassure Financial Services Private Limited
FY 2017 filings availableFinassure Financial Services Private Limited reported revenue of ₹1.78 Lakh (down 86% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 86% in the latest year. EBITDA fell 43% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹1.78 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹56,977 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹64,087 | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -32% | ||
| Net Profit Margin | -36% | ||
| 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 Finassure Financial Services Private Limited, buy the company report.
Board of directors of Finassure Financial Services Private Limited
Finassure Financial Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Sharma | Director | 29 Oct 2013 | 13 Years 0 Months | As last reported |
| Saket Sharma Also directs: Bhagirathi Buildmart Private Limited | Director | 29 Oct 2013 | 13 Years 0 Months | As last reported |
Auditor
Finassure Financial Services Private Limited is audited by GOURESH AGRAWAL & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOURESH AGRAWAL & CO | FY 2017 | 015814C |
Shareholding
The shareholding of Finassure Financial Services Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Finassure Financial Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Finassure Financial Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Finassure Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Finassure Financial Services 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 Finassure Financial Services Private Limited, buy the company report.
Recent activity
Finassure Financial Services Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Amit Sharma was appointed as Director on 29 Oct 2013.
Frequently asked questions
Finassure Financial Services has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Finassure Financial Services was a private limited company based in Indore, Madhya Pradesh, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 29 October 2013 and is registered under CIN U67120MP2013PTC031692. The company has been struck off by the Registrar of Companies and is no longer operational.
Finassure Financial Services had 2 directors:
- Amit Sharma - Director
- Saket Sharma - Director
The CIN (Corporate Identification Number) of Finassure Financial Services is U67120MP2013PTC031692. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Finassure Financial Services is at 303 – 304 Gold Arcade 31 New Palasia Opp. Curewell Hospital, Indore, Madhya Pradesh, India – 452001.
Finassure Financial Services was incorporated on 29 October 2013. It is registered with the Registrar of Companies, Gwalior.
The latest financial statements of Finassure Financial Services on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Finassure Financial Services has 1 GST registration on record and it is cancelled or inactive.
Finassure Financial Services operated in the financial services industry, in the diversified financial services segment. It worked in this industry before it was struck off.
Amit Sharma was appointed as Director on 29 Oct 2013. Saket Sharma was appointed as Director on 29 Oct 2013.
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