Target Foodtech Private Limited
About Target Foodtech Private Limited
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Target Foodtech Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 11 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U15100DL2013PTC250637. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Usha Singh and Jagmal Singh.
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 is at 635 – 636 Westend Marg Lane – 3 Saidulajaib Extn., New Delhi, Delhi, India – 110030.
As per the financials filed for FY 2016, the company reported a revenue of ₹15.27 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹12.28 Cr (net margin -80.4%) and EBITDA of -₹11.77 Cr (EBITDA margin -77.1%).
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Target Foodtech Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address635 – 636 Westend Marg Lane – 3 Saidulajaib Extn., New Delhi, Delhi, India – 110030
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of Target Foodtech 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 Target Foodtech 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 Target Foodtech Private Limited, buy the company report.
Financials of Target Foodtech Private Limited
FY 2016 filings availableTarget Foodtech Private Limited reported revenue of ₹15.27 Cr (down 56% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 56% in the latest year. EBITDA fell 473% 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 | ₹15.27 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹11.77 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹12.28 Cr | |
| 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 | -77.1% | |
| Net Profit Margin | -80.4% | |
| 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 Target Foodtech Private Limited, buy the company report.
Board of directors of Target Foodtech Private Limited
Target Foodtech has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Usha Singh Also directs: Nilay Nirman Private Limited, Minarva Vyapaar Private Limited., Balaka Tie-Up Private Limited and 1 more | Director | 11 Apr 2013 | 13 Years 6 Months | Current |
| Jagmal Singh Also directs: Nilay Nirman Private Limited, Minarva Vyapaar Private Limited., Balaka Tie-Up Private Limited and 2 more | Director | 11 Apr 2013 | 13 Years 6 Months | Current |
Auditor
Target Foodtech Private Limited is audited by MAYANK GOEL for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAYANK GOEL | FY 2016 | 532047 |
Shareholding
The shareholding of Target Foodtech Private Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Target Foodtech Private Limited, buy the company report.
Legal cases
Target Foodtech Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Punjab National Bank. | Disposed |
To see the full case history of Target Foodtech Private Limited, 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 Target Foodtech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Target Foodtech 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 Target Foodtech Private Limited, buy the company report.
Recent activity
Target Foodtech Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Chandra Prakash Choudhary ceased to be Director on 28 Mar 2015.
Frequently asked questions
Target Foodtech is an active private limited company based in New Delhi, Delhi, India. The company works in other wholesale, within the trading industry. It was incorporated on 11 April 2013 (13+ years old) and is registered under CIN U15100DL2013PTC250637.
Target Foodtech has 2 current directors:
- Usha Singh - Director
- Jagmal Singh - Director
The latest financial statements of Target Foodtech 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. Target Foodtech has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Target Foodtech is U15100DL2013PTC250637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Target Foodtech has 1 court case on record: 1 filed against it.
Target Foodtech was incorporated on 11 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
Chandra Prakash Choudhary ceased to be Director on 28 Mar 2015. Jagmal Singh was appointed as Director on 11 Apr 2013. Usha Singh was appointed as Director on 11 Apr 2013.
The registered office of Target Foodtech is at 635 – 636 Westend Marg Lane – 3 Saidulajaib Extn., New Delhi, Delhi, India – 110030.
Target Foodtech operates in the trading industry, in the other wholesale segment.