About Best Buy IT Solutions Private Limited
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Best Buy IT Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 31 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72502MH2015PTC267032. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nadeem Bashiruddin Shaikh and Fouzia Nadeem Shaikh.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 802 The Meadowpark, Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.39 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹4.01 Lakh (net margin -1.2%) and EBITDA of ₹1.77 Lakh (EBITDA margin 0.5%).
As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bbss.co.in.
Company details
Contact details
Best Buy IT Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is bbss.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address801/802 The Meadowpark 2 Chsl Off. S.V. Road Opp. 24 Karat Aqsa Masjid Rd Jogeshwar, I (W), Mumbai, Maharashtra, India – 400102
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Best Buy IT 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 Best Buy IT Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Best Buy IT Solutions Private Limited, buy the company report.
Financials of Best Buy IT Solutions Private Limited
FY 2019 filings availableBest Buy IT Solutions Private Limited reported revenue of ₹3.39 Cr (down 12% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year. EBITDA rose 416% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹3.39 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.77 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.01 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.5% | |||
| Net Profit Margin | -1.2% | |||
| 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 Best Buy IT Solutions Private Limited, buy the company report.
Board of directors of Best Buy IT Solutions Private Limited
Best Buy IT Solutions 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 |
|---|---|---|---|---|
| Nadeem Bashiruddin Shaikh Also directs: Best Buy Software & Solutions Private Limited | Director | 31 Jul 2015 | 11 Years 3 Months | Current |
| Fouzia Nadeem Shaikh Also directs: Best Buy Software & Solutions Private Limited | Director | 31 Jul 2015 | 11 Years 3 Months | Current |
Auditor
Best Buy IT Solutions Private Limited is audited by R D SHETTY & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R D SHETTY & CO | FY 2019 | 128866W |
Shareholding
The shareholding of Best Buy IT Solutions Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Best Buy IT Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2017 | 100112032 | Karnataka Bank Ltd. | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Best Buy IT Solutions Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Karnataka Bank Ltd Through Its Authorized Officer Kumar Chiranjivi | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Cray On Software Experts India Private Limited | Disposed |
To see the full case history of Best Buy IT Solutions 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 Best Buy IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Best Buy IT 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 Best Buy IT Solutions Private Limited, buy the company report.
Recent activity
Best Buy IT Solutions Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Digbijay Sethy ceased to be Director on 01 Apr 2017.
Frequently asked questions
Best Buy IT Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 31 July 2015 (11+ years old) and is registered under CIN U72502MH2015PTC267032.
Best Buy IT Solutions has 2 current directors:
- Nadeem Bashiruddin Shaikh - Director
- Fouzia Nadeem Shaikh - Director
The latest financial statements of Best Buy IT Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
No. Best Buy IT Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Best Buy IT Solutions is U72502MH2015PTC267032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Best Buy IT Solutions has 2 court cases on record: 2 filed against it. Most are in the district courts.
Best Buy IT Solutions was incorporated on 31 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Digbijay Sethy ceased to be Director on 01 Apr 2017. Fouzia Nadeem Shaikh was appointed as Director on 31 Jul 2015. Nadeem Bashiruddin Shaikh was appointed as Director on 31 Jul 2015.
Best Buy IT Solutions can be reached through the website bbss.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Best Buy IT Solutions is at 801802 The Meadowpark 2 Chsl Off. S.V. Road Opp. 24 Karat Aqsa Masjid Rd Jogeshwar, I W, Mumbai, Maharashtra, India – 400102.
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