Innovative Commercial Pvt Ltd
About Innovative Commercial Pvt Ltd
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Innovative Commercial Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 26 February 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB1990PTC048461. Its GSTIN is 19AAACI7052H1ZJ (West Bengal).
The company has an authorised share capital of ₹18.7 Cr and a paid-up capital of ₹18.68 Cr. It is led by directors Anil Kumar Bhandawat and Vineet Kedia.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 9/12 Lalbazer Street Mercantile Building, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2021, the company reported a revenue of ₹12.34 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹6.27 Cr (net margin -50.8%) and EBITDA of -₹6.27 Cr (EBITDA margin -50.8%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 19% over five years.
Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Innovative Commercial Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address9/12 Lalbazer Street Mercantile Building, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Innovative Commercial Pvt Ltd, 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 Innovative Commercial is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Innovative Commercial Pvt Ltd, buy the company report.
Financials of Innovative Commercial Pvt Ltd
FY 2021 filings availableInnovative Commercial Pvt Ltd reported revenue of ₹12.34 Cr (down 10% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 10% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12.34 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹6.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.27 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -50.8% | ||||
| Net Profit Margin | -50.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Innovative Commercial Pvt Ltd, buy the company report.
Board of directors of Innovative Commercial Pvt Ltd
Innovative Commercial has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vineet Kedia Also directs: Trident Dealers Private Limited, Jyotsna Vanijya Private Limited, Ranbhumi Traders Private Limited and 5 more | Additional Director | 28 Feb 2009 | 17 Years 7 Months | Current |
| Anil Kumar Bhandawat Also directs: Jyotsna Vanijya Private Limited, Narmoda Vintrade Private Limited, Purple Tradecom Private Limited and 3 more | Director | 10 May 2011 | 15 Years 5 Months | Current |
Auditor
Innovative Commercial Pvt Ltd is audited by A M BANKA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A M BANKA & CO | FY 2021 | 328229E |
Shareholding
The shareholding of Innovative Commercial Pvt Ltd is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Innovative Commercial Pvt Ltd, buy the company report.
Legal cases
Innovative Commercial Pvt Ltd has 4 court cases on record: 1 filed by Innovative Commercial, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by Saroj Commodities (P) Ltd | Pending |
| District court, Meerut, Uttar Pradesh | Interim or miscellaneous application | Filed against the company by Ramnath Memorial Trust Society 1, | Disposed |
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by an individual | Disposed |
| High Court | Writ petition | Filed by the company against Registrar of Companies,W.B. | Disposed |
To see the full case history of Innovative Commercial Pvt Ltd, 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 Innovative Commercial Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovative Commercial has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACI7052H1ZJ | West Bengal | Active | 28 Mar 2018 |
To see the full GST registrations and return filing status of Innovative Commercial Pvt Ltd, buy the company report.
Recent activity
Innovative Commercial Pvt Ltd has 9 board changes on record since 2009: 2 appointments and 7 cessations. The latest: Gunjan Bharadwaj ceased to be Ceo(Kmp) on 25 Feb 2022.
Frequently asked questions
Innovative Commercial is an active private limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 26 February 1990 (36+ years old) and is registered under CIN U51909WB1990PTC048461.
Innovative Commercial has 2 current directors:
- Vineet Kedia - Additional Director
- Anil Kumar Bhandawat - Director
The latest financial statements of Innovative Commercial on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Innovative Commercial is 19AAACI7052H1ZJ, registered in West Bengal.
The CIN (Corporate Identification Number) of Innovative Commercial is U51909WB1990PTC048461. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Commercial has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Innovative Commercial was incorporated on 26 February 1990, making it 36+ years old. It is registered with the Registrar of Companies, Kolkata.
Gunjan Bharadwaj ceased to be Ceo(Kmp) on 25 Feb 2022. Anjani Kumar Gupta ceased to be Director on 12 Aug 2013. Anil Kumar Bhandawat was appointed as Director on 10 May 2011. Innovative Commercial has 9 board changes on record in total.
The registered office of Innovative Commercial is at 912 Lalbazer Street Mercantile Building, Kolkata, West Bengal, India – 700001.
Innovative Commercial operates in the financial services industry, in the nbfc segment.