Fortis Chits Private Limited
About Fortis Chits Private Limited
Data last updated:
Fortis Chits Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 17 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2012PTC032177. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Jojy Elloor (Managing Director) and Nibu Peter.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at V / 442 E Ellora Towers Kolenchery, Ernakulam, Kerala, India – 682311.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.74 Lakh, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹4.08 Lakh (net margin -149%) and EBITDA of -₹3 Lakh (EBITDA margin -109.5%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 27% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressV / 442 E Ellora Towers Kolenchery, Ernakulam, Kerala, India – 682311
- IndustryFinancial Services, Financial Activities
- 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
- One PDF report, delivered after checkout
Auditor Details of Fortis Chits Private Limited
Fortis Chits Private Limited is audited by Jose Paul & Co for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Jose Paul & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Fortis Chits Private Limited
Fortis Chits has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jojy Elloor Also directs: Fortfine Nidhi Limited | Managing Director | 17 Sep 2012 | 14 Years 0 Months | Current |
| Nibu Peter Also directs: Brmsco Garments Private Limited, Fortfine Nidhi Limited | Director | 17 Sep 2012 | 14 Years 0 Months | Current |
| Paul Poovathumveettil Roy Also directs: Fortfine Nidhi Limited, Poiesiz Infrastructure Private Limited | Director | 17 Sep 2012 | 14 Years 0 Months | Current |
Financials of Fortis Chits Private Limited FY 2020 filings available
Fortis Chits Private Limited reported revenue of ₹2.74 Lakh (down 34% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Fortis Chits Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 27% over five years, including a 34% fall in the latest year. EBITDA fell 314% 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 of Fortis Chits Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹3 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.08 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 of Fortis Chits Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -109.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -149% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Fortis Chits are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Fortis Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Fortis Chits Private Limited
Fortis Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Fortis Chits Private Limited
Employment history and EPFO contributions of people linked to Fortis Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Fortis Chits Private Limited
Fortis Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Fortis Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Fortis Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Fortis Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Fortis Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Fortis Chits Private Limited
Frequently Asked Questions about Fortis Chits Private Limited
Fortis Chits is an active private limited company based in Ernakulam, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 17 September 2012 (14+ years old) and is registered under CIN U65992KL2012PTC032177.
Fortis Chits reported revenue of ₹2.74 Lakh for FY 2020 (down 34% YoY).
Fortis Chits has 3 current directors:
- Jojy Elloor - Managing Director
- Nibu Peter - Director
- Paul Poovathumveettil Roy - Director
Fortis Chits reported a net loss of ₹4.08 Lakh (net margin -149%) and EBITDA of -₹3 Lakh (EBITDA margin -109.5%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fortis Chits is -55% over three years and -27% over five years. In the latest year (FY 2020) revenue fell 34%. CAGR is the steady yearly rate that links the first and the last year.
No. Fortis Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Fortis Chits is U65992KL2012PTC032177. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortis Chits was incorporated on 17 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ernakulam.
The registered office of Fortis Chits is at V 442 E Ellora Towers Kolenchery, Ernakulam, Kerala, India – 682311.