I-Practice Erp Solutions Private Limited
About I-Practice Erp Solutions Private Limited
Data last updated:
I-Practice Erp Solutions Private Limited was a private limited company based in Chennai, Tamil Nadu, 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. The company operated in the information and communication sector. It was incorporated on 19 February 2008.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2008PTC081664. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors including Suresh Radhakrishnan Iyer and Anand Yeshwant Aurangabadkar.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Chennai, Tamil Nadu.
As per the financials filed for FY 2016, the company reported a revenue of ₹25.69 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹8.12 Lakh (net margin -31.6%) and EBITDA of -₹18.56 Lakh (EBITDA margin -72.3%).
Company details
CIN history
I-Practice Erp Solutions has one previous CIN (Corporate Identification Number): U72200MH2008PTC179069. The current CIN is U72200TN2008PTC081664, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TN2008PTC081664 | Current |
| U72200MH2008PTC179069 | Previous |
Contact details
I-Practice Erp Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoorno.8 – B Front Block Saisubhodhaya Apartments Old No.57/213 New No.66 Ecr Thiruvanmiyu, R, Chennai, Tamil Nadu, India – 600041
To see the full contact details of I-Practice Erp Solutions 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 I-Practice Erp Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of I-Practice Erp Solutions Private Limited, buy the company report.
Financials of I-Practice Erp Solutions Private Limited
FY 2018 filings availableI-Practice Erp Solutions Private Limited reported revenue of ₹25.69 Lakh (down 44% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 44% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹25.69 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹18.56 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹8.12 Lakh | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -72.3% | |
| Net Profit Margin | -31.6% | |
| 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 I-Practice Erp Solutions Private Limited, buy the company report.
Board of directors of I-Practice Erp Solutions Private Limited
I-Practice Erp Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Radhakrishnan Iyer Also directs: Infospectrum India Private Limited | Director | 20 Mar 2010 | 16 Years 7 Months | As last reported |
| Anand Yeshwant Aurangabadkar | Director | 19 Feb 2008 | 18 Years 8 Months | As last reported |
| Jayant Vasantrao Chopde Also directs: Infospectrum India Private Limited | Director | 19 Feb 2008 | 18 Years 8 Months | As last reported |
Auditor
I-Practice Erp Solutions Private Limited is audited by JAYARAMAN M for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYARAMAN M | FY 2016 | 207004 |
Shareholding
The shareholding of I-Practice Erp Solutions Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of I-Practice Erp Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving I-Practice Erp Solutions 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 I-Practice Erp Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
I-Practice Erp Solutions 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 I-Practice Erp Solutions Private Limited, buy the company report.
Recent activity
I-Practice Erp Solutions Private Limited has 5 board changes on record since 2008: 3 appointments and 2 cessations. The latest: Balachandra Seker ceased to be Director on 03 Jun 2019.
Frequently asked questions
I-Practice Erp Solutions 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.
I-Practice Erp Solutions was a private limited company based in Chennai, Tamil Nadu, India. The company worked in the information and communication industry. It was incorporated on 19 February 2008 and is registered under CIN U72200TN2008PTC081664. The company has been struck off by the Registrar of Companies and is no longer operational.
I-Practice Erp Solutions had 3 directors:
- Suresh Radhakrishnan Iyer - Director
- Anand Yeshwant Aurangabadkar - Director
- Jayant Vasantrao Chopde - Director
The CIN (Corporate Identification Number) of I-Practice Erp Solutions is U72200TN2008PTC081664. 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 I-Practice Erp Solutions is at Doorno.8 – B Front Block Saisubhodhaya Apartments Old No.57213 New No.66 Ecr Thiruvanmiyu, R, Chennai, Tamil Nadu, India – 600041.
I-Practice Erp Solutions was incorporated on 19 February 2008. It is registered with the Registrar of Companies, Chennai.
The latest financial statements of I-Practice Erp Solutions on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. I-Practice Erp Solutions has 1 GST registration on record and it is cancelled or inactive.
I-Practice Erp Solutions operated in the information and communication industry. It worked in this industry before it was struck off.
Balachandra Seker ceased to be Director on 03 Jun 2019. Suresh Radhakrishnan Iyer ceased to be Additional Director on 25 Sep 2010. Suresh Radhakrishnan Iyer was appointed as Director on 20 Mar 2010. I-Practice Erp Solutions has 5 board changes on record in total.