Powath Gloves Private Limited
About Powath Gloves Private Limited
Data last updated:
Powath Gloves Private Limited was a private limited company based in Mumbai, Maharashtra, 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 business and IT consulting segment of the business process outsourcing sector. It was incorporated on 09 February 1988.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U25190MH1988PTC046154. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Bharat Jayantilal Shah and Loretta Powath.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 19 Vaikunthmount Mary Rd Bandra (W), Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2016, the company reported a revenue of ₹18,709, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹5.49 Lakh and EBITDA of -₹4.74 Lakh.
Company details
Contact details
Powath Gloves Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address19 Vaikunthmount Mary Rd Bandra (W), Mumbai, Maharashtra, India – 400050
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Powath Gloves 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 Powath Gloves is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Powath Gloves Private Limited, buy the company report.
Financials of Powath Gloves Private Limited
FY 2016 filings availablePowath Gloves Private Limited reported revenue of ₹18,709 (down 98% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 98% 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 | ₹18,709 | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹4.74 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹5.49 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 | ||
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| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | ||
| Net Profit Margin | ||
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
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| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Powath Gloves Private Limited, buy the company report.
Board of directors of Powath Gloves Private Limited
Powath Gloves 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 |
|---|---|---|---|---|
| Antony Scaria Powath | Additional Director | 30 Mar 2017 | 9 Years 7 Months | As last reported |
| Bharat Jayantilal Shah Also directs: Armtex Rubber Private Limited, Fitech Equipments(India)Pvt Ltd, Newage Fire Protection Industries Private Limited and 3 more | Director | 09 Feb 1988 | 38 Years 8 Months | As last reported |
| Loretta Powath | Director | 09 Feb 1988 | 38 Years 8 Months | As last reported |
Auditor
Powath Gloves Private Limited is audited by R H MODI & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R H MODI & CO | FY 2016 | 106486W |
Shareholding
The shareholding of Powath Gloves Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Powath Gloves Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Powath Gloves 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 Powath Gloves Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Powath Gloves 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 Powath Gloves Private Limited, buy the company report.
Recent activity
Powath Gloves Private Limited has 4 board changes on record since 1988: 3 appointments and 1 cessation. The latest: Antony Scaria Powath was appointed as Additional Director on 30 Mar 2017.
Frequently asked questions
Powath Gloves 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.
Powath Gloves was a private limited company based in Mumbai, Maharashtra, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 09 February 1988 and is registered under CIN U25190MH1988PTC046154. The company has been struck off by the Registrar of Companies and is no longer operational.
Powath Gloves had 3 directors:
- Antony Scaria Powath - Additional Director
- Bharat Jayantilal Shah - Director
- Loretta Powath - Director
The CIN (Corporate Identification Number) of Powath Gloves is U25190MH1988PTC046154. 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 Powath Gloves is at 19 Vaikunthmount Mary Rd Bandra W, Mumbai, Maharashtra, India – 400050.
Powath Gloves was incorporated on 09 February 1988. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Powath Gloves on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Powath Gloves has 1 GST registration on record and it is cancelled or inactive.
Powath Gloves operated in the business outsourcing industry, in the business and IT consulting segment. It worked in this industry before it was struck off.
Antony Scaria Powath was appointed as Additional Director on 30 Mar 2017. John Scaria Powath ceased to be Director on 28 Mar 2017. Bharat Jayantilal Shah was appointed as Director on 09 Feb 1988. Powath Gloves has 4 board changes on record in total.
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