Specnet Solutions Private Limited
About Specnet Solutions Private Limited
Data last updated:
Specnet Solutions Private Limited is a private limited company based in Noida, Uttar Pradesh, India. It operates in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 26 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U72300UP2015PTC070973. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Balvinder Singh and Harminder Singh Dhindsa.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at C – 43 Sector – 65, Noida, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2019, the company reported a revenue of ₹30,639, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹89,742 (net margin -292.9%) and EBITDA of -₹89,173 (EBITDA margin -291%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressC – 43 Sector – 65, Noida, Uttar Pradesh, India – 201301
- IndustryTrading, Wholesale, Other Wholesale
- 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
- One PDF report, delivered after checkout
Business Activity of Specnet Solutions Private Limited
The main business activity of Specnet Solutions is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Specnet Solutions Private Limited FY 2019 filings available
Specnet Solutions Private Limited reported revenue of ₹30,639 (down 78% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Specnet Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 51% over three years, including a 78% 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 of Specnet Solutions Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹89,173 | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹89,742 | •••• | •••• | •••• |
| 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 of Specnet Solutions Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -291% | •••• | •••• | •••• |
| Net Profit Margin | -292.9% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Specnet Solutions are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Specnet Solutions Private Limited
Specnet Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Wholesale Trading). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kingbuild Pharmaceuticals Private Limited | ₹30,800 (FY 2021) | •••• | •••• | -52.0% | •••• | Surat, Gujarat, India |
| Techno Vyapaar Private Limited | ₹30,800 (FY 2019) | •••• | •••• | 56.0% | •••• | Durgapur, West Bengal, India |
| Eyana Pharmaceutical Private Limited | ₹30,720 (FY 2024) | •••• | •••• | •••• | Delhi, India | |
| P K Builsys Private Limited | ₹30,684 (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Nityant Marketing Limited | ₹30,678 (FY 2023) | •••• | •••• | 207.0% | •••• | Delhi, India |
| Specnet Solutions Private Limited this company | ₹30,639 (FY 2019) | •••• | •••• | -78.0% | •••• | Noida, Uttar Pradesh, India |
| Ruia Specialities Private Limited | ₹30,610 (FY 2025) | •••• | •••• | -100.0% | •••• | Mumbai, Maharashtra, India |
| Gpal International Private Limited | ₹30,604 (FY 2024) | •••• | •••• | •••• | Nagpur, Maharashtra, India | |
| Mayur Tex Trading Private Limited | ₹30,522 (FY 2016) | •••• | •••• | -28.0% | •••• | Mumbai, Maharashtra, India |
| Himnath Trade Private Limited | ₹30,520 (FY 2025) | •••• | •••• | -88.0% | •••• | New Delhi, Delhi, India |
| Soham Cars Private Limited | ₹30,500 (FY 2024) | •••• | •••• | 3.0% | •••• | Gwalior, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Specnet Solutions by revenue in the same principal business activity (Wholesale Trading), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Specnet Solutions Private Limited
Specnet Solutions Private Limited is audited by P G M A & Associates for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P G M A & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Specnet Solutions Private Limited
Specnet Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balvinder Singh | Director | 26 May 2015 | 11 Years 4 Months | Current |
| Harminder Singh Dhindsa | Director | 26 May 2015 | 11 Years 4 Months | Current |
Ownership and Shareholding of Specnet Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Specnet Solutions Private Limited
Specnet Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Specnet Solutions Private Limited
Employment history and EPFO contributions of people linked to Specnet Solutions.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Specnet Solutions Private Limited
Specnet Solutions Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Balvinder Singh was appointed as Director on 26 May 2015.
Credit Ratings, Litigation & Regulatory Alerts for Specnet Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Specnet Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Specnet Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Specnet Solutions Private Limited
Specnet Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Specnet Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Specnet Solutions Private Limited
Specnet Solutions is an active private limited company based in Noida, Uttar Pradesh, India. The company works in wholesale, within the trading industry. It was incorporated on 26 May 2015 (11+ years old) and is registered under CIN U72300UP2015PTC070973.
Specnet Solutions reported revenue of ₹30,639 for FY 2019 (down 78% YoY).
Specnet Solutions has 2 current directors:
- Balvinder Singh - Director
- Harminder Singh Dhindsa - Director
Specnet Solutions reported a net loss of ₹89,742 (net margin -292.9%) and EBITDA of -₹89,173 (EBITDA margin -291%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Specnet Solutions is -51% over three years. In the latest year (FY 2019) revenue fell 78%. CAGR is the steady yearly rate that links the first and the last year.
No. Specnet Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Specnet Solutions is U72300UP2015PTC070973. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Specnet Solutions was incorporated on 26 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Specnet Solutions by revenue are Kingbuild Pharmaceuticals Private Limited, Techno Vyapaar Private Limited, Eyana Pharmaceutical Private Limited, P K Builsys Private Limited, Nityant Marketing Limited and 5 more, all in the same principal business activity (Wholesale Trading).
Balvinder Singh was appointed as Director on 26 May 2015. Harminder Singh Dhindsa was appointed as Director on 26 May 2015.
The registered office of Specnet Solutions is at C – 43 Sector – 65, Noida, Uttar Pradesh, India – 201301.