Brainer Trade and Fin-Tech Private Limited
About Brainer Trade and Fin-Tech Private Limited
Data last updated:
Brainer Trade and Fin-Tech Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 08 November 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2006PTC165432. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.99 Cr. It was formerly known as Home Advisory Private Limited. It is led by directors including Ghanshyam Ramkumar Chourasia and Pankaj Radhakrishna Yadav.
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 102 Shree Gajanan Apartment Chincholi Bunder Rd Opp. Infant Jesus School Malad West, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2016, the company reported a revenue of ₹28.18 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹91.65 Lakh (net margin -3.3%) and EBITDA of ₹1.76 Cr (EBITDA margin 6.3%).
As per MCA filings, the company has open charges of ₹17 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 3 cases are pending.
Company details
CIN history
Brainer Trade and Fin-Tech has one previous CIN (Corporate Identification Number): U74140MH2006PTC165432. The current CIN is U51101MH2006PTC165432, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51101MH2006PTC165432 | Current |
| U74140MH2006PTC165432 | Previous |
Contact details
Brainer Trade and Fin-Tech Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address102 Shree Gajanan Apartment Chincholi Bunder Rd Opp. Infant Jesus School Malad West, Mumbai, Maharashtra, India – 400064
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Brainer Trade and Fin-Tech 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 Brainer Trade and Fin-Tech 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 Brainer Trade and Fin-Tech Private Limited, buy the company report.
Financials of Brainer Trade and Fin-Tech Private Limited
FY 2016 filings availableBrainer Trade and Fin-Tech Private Limited reported revenue of ₹28.18 Cr (down 66% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 66% in the latest year. EBITDA fell 47% 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 | ₹28.18 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.76 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹91.65 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 6.3% | |
| Net Profit Margin | -3.3% | |
| 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 Brainer Trade and Fin-Tech Private Limited, buy the company report.
Board of directors of Brainer Trade and Fin-Tech Private Limited
Brainer Trade and Fin-Tech has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ghanshyam Ramkumar Chourasia | Director | 07 May 2013 | 13 Years 6 Months | As last reported |
| Sunil Sachan | Additional Director | 27 Dec 2017 | 8 Years 10 Months | As last reported |
| Pankaj Radhakrishna Yadav Also directs: Anubela Agrotech LLP, Bramho Constructions Private Limited | Director | 08 Nov 2006 | 20 Years 0 Months | As last reported |
| Malay Chandra Biswas Also directs: Anubela Agrotech LLP | Director | 08 Nov 2006 | 20 Years 0 Months | As last reported |
| Shambhunath Biswas Also directs: Mbpy Exim Private Limited | Additional Director | 27 Dec 2017 | 8 Years 10 Months | As last reported |
Auditor
Brainer Trade and Fin-Tech Private Limited is audited by PUNIT PATEL & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PUNIT PATEL & ASSOCIATES | FY 2016 | 140119W |
Shareholding
The shareholding of Brainer Trade and Fin-Tech Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Brainer Trade and Fin-Tech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 May 2014 | 10503330 | Pune Peoples Co-Op Bank Ltd Pune | ₹2 Cr | Open | |
| 17 Aug 2013 | 10484985 | Janaseva Sahakari Bank Limited | ₹15 Cr | Open | |
| 17 Dec 2014 | 10570896 | Janaseva Sahkari Bank Limited Pune | ₹1.5 Cr | Satisfied |
To see the full charge records of Brainer Trade and Fin-Tech Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Brainer Trade and Fin-Tech Private Limited has 5 court cases on record: 5 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 2 |
| NCLAT | 2 | 2 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Innovative Construventures Private Ltd. and 1 other | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Innovative Enterprises and Anr Kunal Kanungo and 1 other | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Innovative Trading Company and Anr. Kunal Kanungo and 1 other | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Brainer Trade and Fin-Tech 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 Brainer Trade and Fin-Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Brainer Trade and Fin-Tech 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 Brainer Trade and Fin-Tech Private Limited, buy the company report.
Recent activity
Brainer Trade and Fin-Tech Private Limited has 5 board changes on record since 2006: 5 appointments. The latest: Shambhunath Biswas was appointed as Additional Director on 27 Dec 2017.
1 earlier event is in the company report.
Frequently asked questions
Brainer Trade and Fin-Tech is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Brainer Trade and Fin-Tech is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 08 November 2006 and is registered under CIN U51101MH2006PTC165432. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Brainer Trade and Fin-Tech has 5 current directors:
- Ghanshyam Ramkumar Chourasia - Director
- Sunil Sachan - Additional Director
- Pankaj Radhakrishna Yadav - Director
- Malay Chandra Biswas - Director
- Shambhunath Biswas - Additional Director
The latest financial statements of Brainer Trade and Fin-Tech 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.
The CIN (Corporate Identification Number) of Brainer Trade and Fin-Tech is U51101MH2006PTC165432. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Brainer Trade and Fin-Tech has open charges of ₹17 Cr and satisfied charges of ₹1.5 Cr as per latest MCA filings.
Brainer Trade and Fin-Tech has 5 court cases on record: 5 filed against it. 3 are pending. Most are in the high courts.
Brainer Trade and Fin-Tech was incorporated on 08 November 2006. It is registered with the Registrar of Companies, Mumbai.
Shambhunath Biswas was appointed as Additional Director on 27 Dec 2017. Sunil Sachan was appointed as Additional Director on 27 Dec 2017. Ghanshyam Ramkumar Chourasia was appointed as Director on 07 May 2013. Brainer Trade and Fin-Tech has 5 board changes on record in total.
The registered office of Brainer Trade and Fin-Tech is at 102 Shree Gajanan Apartment Chincholi Bunder Rd Opp. Infant Jesus School Malad West, Mumbai, Maharashtra, India – 400064.
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