About Equitable Finance Limited
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Equitable Finance Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 02 November 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65910MH1987PLC045187. Its GSTIN is 27AAACE1991M2ZA (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.01 Cr and a paid-up capital of ₹20 Lakh. It is led by directors including Noorjehan Naushad Padamsee and Naushad Ismail Padamsee.
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 is at D – 8 Padamsee Apartments 22 – 29 Union Park Khar West, Mumbai, Maharashtra, India – 400052.
As per the financials filed for FY 2017, the company reported a revenue of ₹12.24 Lakh, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹8 Cr and EBITDA of -₹7.02 Cr.
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has satisfied charges of ₹5 Cr on record. Court records list 22 cases involving the company, including 22 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website efinance.com.pg.
Company details
Contact details
Equitable Finance Limited's registered office is in Mumbai, Maharashtra. Its website is efinance.com.pg. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressD – 8 Padamsee Apartments 22 – 29 Union Park Khar West, Mumbai, Maharashtra, India – 400052
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Equitable Finance 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 Equitable Finance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of Equitable Finance Limited
FY 2017 filings availableEquitable Finance Limited reported revenue of ₹12.24 Lakh (down 65% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 65% in the latest year. EBITDA fell 76% 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 | ₹12.24 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹7.02 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹8 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| 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 Equitable Finance Limited, buy the company report.
Board of directors of Equitable Finance Limited
Equitable Finance has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Noorjehan Naushad Padamsee | Director | 28 Oct 1991 | 34 Years 11 Months | Current |
| Naushad Ismail Padamsee | Director | 28 Oct 1991 | 34 Years 11 Months | Current |
| Riaz Alimohamad Padamsee | Director | 08 Jul 1997 | 29 Years 3 Months | Current |
| Shamim Mumtaz Padamsee | Director | 08 Jul 1993 | 33 Years 3 Months | Current |
Auditor
Equitable Finance Limited is audited by S B SHINGTE & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S B SHINGTE & CO | FY 2017 | 110135W |
Shareholding
The shareholding of Equitable Finance Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Equitable Finance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2001 | 90165419 | Punjab National Bank | ₹5 Cr | Satisfied |
To see the full charge records of Equitable Finance Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Equitable Finance Limited has 22 court cases on record: 22 filed by Equitable Finance. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 0 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (MARJI) | Filed by the company against individuals | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAER) | Filed by the company against Messers Bina Sales Corporation | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAER) | Filed by the company against an individual | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAER) | Filed by the company against an individual | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAER) | Filed by the company against an individual | Disposed |
To see the full case history of Equitable Finance 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 Equitable Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Equitable Finance has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Eagle Home Appliances Private Limited | U26100PN1965PTC139986 | |
| Eagle Flask Industries Private Limited | U99999PN1986PTC040189 |
To see the full group structure of Equitable Finance Limited, buy the company report.
GST
Equitable Finance has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE1991M2ZA | Maharashtra | Active | 24 Jul 2017 |
To see the full GST registrations and return filing status of Equitable Finance Limited, buy the company report.
Recent activity
Equitable Finance Limited has 4 board changes on record since 1991: 4 appointments. The latest: Riaz Alimohamad Padamsee was appointed as Director on 08 Jul 1997.
Frequently asked questions
Equitable Finance is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 02 November 1987 (39+ years old) and is registered under CIN U65910MH1987PLC045187.
Equitable Finance has 4 current directors:
- Noorjehan Naushad Padamsee - Director
- Naushad Ismail Padamsee - Director
- Riaz Alimohamad Padamsee - Director
- Shamim Mumtaz Padamsee - Director
The latest financial statements of Equitable Finance 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.
The GSTIN of Equitable Finance is 27AAACE1991M2ZA, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Equitable Finance is U65910MH1987PLC045187. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Equitable Finance has 22 court cases on record: 22 filed by the company.
Equitable Finance was incorporated on 02 November 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Riaz Alimohamad Padamsee was appointed as Director on 08 Jul 1997. Shamim Mumtaz Padamsee was appointed as Director on 08 Jul 1993. Naushad Ismail Padamsee was appointed as Director on 28 Oct 1991. Equitable Finance has 4 board changes on record in total.
Equitable Finance can be reached through the website efinance.com.pg. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Equitable Finance is at D – 8 Padamsee Apartments 22 – 29 Union Park Khar West, Mumbai, Maharashtra, India – 400052.