Carz247 Solutions Private Limited
About Carz247 Solutions Private Limited
Data last updated:
Carz247 Solutions 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 24 July 2014.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72100MH2014PTC256462. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Chetan Jayantilal Shah and Purshotam Laxman Lalwani.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹15.67 Lakh, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹5.44 Lakh (net margin -34.7%) and EBITDA of ₹7.81 Lakh (EBITDA margin 49.8%).
As per MCA filings, the company had satisfied charges of ₹5.32 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
Company details
CIN history
Carz247 Solutions has one previous CIN (Corporate Identification Number): U72300MH2014PTC256462. The current CIN is U72100MH2014PTC256462, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100MH2014PTC256462 | Current |
| U72300MH2014PTC256462 | Previous |
Contact details
Carz247 Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address112 – 113 B Wing Kanara Business Centre Ghatkopar Andheri Link Road Ghatkopar E, Ast, Mumbai, Maharashtra, India – 400075
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Carz247 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
Financials of Carz247 Solutions Private Limited
FY 2017 filings availableCarz247 Solutions Private Limited reported revenue of ₹15.67 Lakh (down 61% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 61% in the latest year. EBITDA fell 11% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹15.67 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹7.81 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹5.44 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 49.8% | ||
| Net Profit Margin | -34.7% | ||
| 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 Carz247 Solutions Private Limited, buy the company report.
Board of directors of Carz247 Solutions Private Limited
Carz247 Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Jayantilal Shah | Director | 20 Jul 2018 | 8 Years 3 Months | As last reported |
| Purshotam Laxman Lalwani | Director | 20 Jul 2018 | 8 Years 3 Months | As last reported |
Shareholding
The shareholding of Carz247 Solutions Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Carz247 Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2015 | 10588087 | Karur Vysya Bank | ₹5.32 Lakh | Satisfied |
To see the full charge records of Carz247 Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Carz247 Solutions 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, South West, Delhi | Arbitration matter | Filed against the company by Toyota Financial Ser. India Ltd. | Disposed |
To see the full case history of Carz247 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 Carz247 Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Carz247 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 Carz247 Solutions Private Limited, buy the company report.
Recent activity
Carz247 Solutions Private Limited has 5 board changes on record since 2015: 2 appointments and 3 cessations. The latest: Gautam Vijay Udani ceased to be Director on 22 Jul 2018.
Frequently asked questions
Carz247 Solutions 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.
Carz247 Solutions was a private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 24 July 2014 and is registered under CIN U72100MH2014PTC256462. The company has been struck off by the Registrar of Companies and is no longer operational.
Carz247 Solutions had 2 directors:
- Chetan Jayantilal Shah - Director
- Purshotam Laxman Lalwani - Director
The CIN (Corporate Identification Number) of Carz247 Solutions is U72100MH2014PTC256462. 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 Carz247 Solutions is at 112 – 113 B Wing Kanara Business Centre Ghatkopar Andheri Link Road Ghatkopar E, Ast, Mumbai, Maharashtra, India – 400075.
Carz247 Solutions was incorporated on 24 July 2014. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Carz247 Solutions on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Carz247 Solutions has 1 GST registration on record and it is cancelled or inactive.
Carz247 Solutions operated in the information technology industry, in the IT consulting and support services segment. It worked in this industry before it was struck off.
Carz247 Solutions has 1 court case on record: 1 filed against it.