Neotric Innovations Private Limited
About Neotric Innovations Private Limited
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Neotric Innovations Private Limited was a private limited company based in Jalandhar, Punjab, 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 electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 21 August 2009.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U52399PB2009PTC033131. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Neotric Innovation Private Limited. It was led by directors including Ishang Garv Gupta and Vishal Gupta.
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 D – 2 Focal Point Jalandhar City, Punjab, India – 144001.
As per the financials filed for FY 2017, the company reported a revenue of ₹22.25 Lakh, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹812 (net margin 0%) and EBITDA of ₹45,837 (EBITDA margin 2.1%). Revenue has declined at a compounded annual rate (CAGR) of 56% over three years.
Company details
Contact details
Neotric Innovations Private Limited's registered office is in Jalandhar, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressD – 2 Focal Point Jalandhar City, Punjab, India – 144001
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Neotric Innovations 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 Neotric Innovations is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Neotric Innovations Private Limited, buy the company report.
Financials of Neotric Innovations Private Limited
FY 2017 filings availableNeotric Innovations Private Limited reported revenue of ₹22.25 Lakh (down 45% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 56% over three years, including a 45% fall in the latest year. EBITDA fell 48% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹22.25 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹45,837 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹812 | ||
| 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 | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 2.1% | ||
| Net Profit Margin | 0% | ||
| 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 Neotric Innovations Private Limited, buy the company report.
Board of directors of Neotric Innovations Private Limited
Neotric Innovations has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ishang Garv Gupta Also directs: Equity Appliances Limited | Director | 03 May 2017 | 9 Years 6 Months | As last reported |
| Vishal Gupta Also directs: Equity Appliances Limited | Director | 01 Aug 2012 | 14 Years 3 Months | As last reported |
| Monica Gupta Also directs: Equity Appliances Limited | Director | 21 Aug 2009 | 17 Years 2 Months | As last reported |
Peer comparison
Neotric Innovations Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Brand Trading (India) Private Limited | ₹22.38 Lakh (FY 2019) | 97.0% | New Delhi, Delhi, India | |||
| Aswa Enterprises Private Limited | ₹22.35 Lakh (FY 2023) | -59.0% | Salem, Tamil Nadu, India | |||
| Neotric Innovations Private Limitedthis company | ₹22.25 Lakh (FY 2017) | -₹812 | 0% | -45.0% | Jalandhar, Punjab, India | |
| Puneet Merchants and Sales Private Limited | ₹22.03 Lakh (FY 2025) | 39.0% | New Delhi, Delhi, India |
To see the full peer comparison of Neotric Innovations Private Limited, buy the company report.
Auditor
Neotric Innovations Private Limited is audited by MUKESH K GUPTA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKESH K GUPTA & CO | FY 2017 | 018508N |
Shareholding
The shareholding of Neotric Innovations Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Neotric Innovations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Neotric Innovations 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 Neotric Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Neotric Innovations has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Neotric Innovations Private Limited, buy the company report.
Recent activity
Neotric Innovations Private Limited has 4 board changes on record since 2009: 3 appointments and 1 cessation. The latest: Ishang Garv Gupta was appointed as Director on 03 May 2017.
Frequently asked questions
Neotric Innovations 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.
Neotric Innovations was a private limited company based in Jalandhar, Punjab, India. The company worked in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 21 August 2009 and is registered under CIN U52399PB2009PTC033131. The company has been struck off by the Registrar of Companies and is no longer operational.
Neotric Innovations had 3 directors:
- Ishang Garv Gupta - Director
- Vishal Gupta - Director
- Monica Gupta - Director
The CIN (Corporate Identification Number) of Neotric Innovations is U52399PB2009PTC033131. 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 Neotric Innovations is at D – 2 Focal Point Jalandhar City, Punjab, India – 144001.
Neotric Innovations was incorporated on 21 August 2009. It is registered with the Registrar of Companies, Chandigarh.
The latest financial statements of Neotric Innovations 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. Neotric Innovations has 2 GST registrations on record and all of them are cancelled or inactive.
Neotric Innovations operated in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment. It worked in this industry before it was struck off.
The peers of Neotric Innovations by revenue are Brand Trading (India) Private Limited, Aswa Enterprises Private Limited, Puneet Merchants and Sales Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Ishang Garv Gupta was appointed as Director on 03 May 2017. Sanjam Gupta ceased to be Director on 01 Aug 2012. Vishal Gupta was appointed as Director on 01 Aug 2012. Neotric Innovations has 4 board changes on record in total.
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