About Clariance IT Solutions Private Limited
Data last updated:
Clariance IT Solutions Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 04 February 2003.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72400MH2003PTC138994.
The company had an authorised share capital of ₹56 Lakh and a paid-up capital of ₹55.86 Lakh.
Its last annual general meeting (AGM) was held on 30 June 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 2 Aavishkar3 Mahant Road Vile Parle(E), Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2017, the company reported a revenue of ₹49,628, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹18,537 (net margin -37.4%) and EBITDA of -₹17,662 (EBITDA margin -35.6%).
Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is clariance.com.
Company details
Contact details
Clariance IT Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is clariance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2 Aavishkar3 Mahant Road Vile Parle(E), Mumbai, Maharashtra, India – 400057
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Clariance 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 Clariance IT Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Clariance IT Solutions Private Limited, buy the company report.
Financials of Clariance IT Solutions Private Limited
FY 2017 filings availableClariance IT Solutions Private Limited reported revenue of ₹49,628 (down 87% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 87% in the latest year. EBITDA fell 115% 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 | ₹49,628 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹17,662 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹18,537 | ||
| 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 | -35.6% | ||
| Net Profit Margin | -37.4% | ||
| 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 Clariance IT Solutions Private Limited, buy the company report.
Board of directors of Clariance IT Solutions Private Limited
Clariance IT Solutions has 5 former directors on record and no current directors listed.
Auditor
Clariance IT Solutions Private Limited is audited by GPS AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GPS AND ASSOCIATES | FY 2017 | 121344W |
Shareholding
The shareholding of Clariance IT 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 Clariance IT Solutions Private Limited, buy the company report.
Legal cases
Clariance IT Solutions Private Limited has 2 court cases on record: 2 filed by Clariance IT Solutions. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
To see the full case history of Clariance 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 Clariance IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Clariance IT Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Clariance IT Solutions Private Limited has 5 board changes on record since 2010: 0 appointments and 5 cessations. The latest: Ajay Vasant Pitre ceased to be Director on 21 Sep 2017.
Frequently asked questions
Clariance IT Solutions has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Clariance IT Solutions was a private limited company based in Mumbai, Maharashtra, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 04 February 2003 and is registered under CIN U72400MH2003PTC138994. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Clariance IT Solutions is U72400MH2003PTC138994. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clariance IT Solutions was incorporated on 04 February 2003. It is registered with the Registrar of Companies, Mumbai.
Clariance IT Solutions can be reached through the website clariance.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Clariance IT Solutions is at 2 Aavishkar3 Mahant Road Vile ParleE, Mumbai, Maharashtra, India – 400057.
The latest financial statements of Clariance IT Solutions on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 June 2017. Year-wise statements from 2015 are in the company report.
Clariance IT Solutions operated in the information technology industry, in the software development and support services segment.
Clariance IT Solutions has 2 court cases on record: 2 filed by the company.
Ajay Vasant Pitre ceased to be Director on 21 Sep 2017. Bharati Ajay Pitre ceased to be Director on 21 Sep 2017. Varun Ajay Pitre ceased to be Director on 21 Sep 2017. Clariance IT Solutions has 5 board changes on record in total.
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