Future Cars Private Limited
About Future Cars Private Limited
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Future Cars Private Limited is a private limited company based in Nashik, Maharashtra, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 28 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U34103MH2008PTC180610. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.99 Cr. It is led by directors Amit Dhanvilas Shitole and Atul Shantaram Rasane.
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 S. No. 904/2/2/4 Plot No. 3 & 4 Near Sai Palace Hotel Mumbai Agra Highway, Nashik, Maharashtra, India – 422009.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.66 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net profit of ₹8.39 Lakh (net margin 3.1%) and EBITDA of -₹68.59 Lakh (EBITDA margin -25.7%).
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.35 Cr and satisfied charges of ₹4.19 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 5 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Future Cars Private Limited's registered office is in Nashik, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressS. No. 904/2/2/4 Plot No. 3 & 4 Near Sai Palace Hotel Mumbai Agra Highway, Nashik, Maharashtra, India – 422009
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Future Cars 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 Future Cars Private Limited
FY 2016 filings availableFuture Cars Private Limited reported revenue of ₹2.66 Cr (down 78% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 78% 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 | ₹2.66 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹68.59 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹8.39 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 | -25.7% | |
| Net Profit Margin | 3.1% | |
| 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 Future Cars Private Limited, buy the company report.
Board of directors of Future Cars Private Limited
Future Cars has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Dhanvilas Shitole | Director | 05 Aug 2012 | 14 Years 3 Months | Current |
| Atul Shantaram Rasane | Director | 28 Mar 2008 | 18 Years 7 Months | Current |
Shareholding
The shareholding of Future Cars 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 Future Cars Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Aug 2014 | 10521841 | Tata Capital Financial Services Limited | ₹14.85 Lakh | Open | |
| 25 Sep 2013 | 10451946 | Others | ₹3 Cr | Open | |
| 26 Dec 2011 | 100113987 | Others | ₹70 Lakh | Open | |
| 26 Dec 2011 | 10336912 | Others | ₹2 Cr | Open | |
| 26 Dec 2011 | 10336920 | Others | ₹6.5 Cr | Open |
To see the full charge records of Future Cars Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Future Cars Private Limited has 6 court cases on record: 6 filed against it. 5 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 5 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Tata Capital Finance Services Ltd. | Disposed |
To see the full case history of Future Cars 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 Future Cars Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Future Cars 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 Future Cars Private Limited, buy the company report.
Recent activity
Future Cars Private Limited has 14 board changes on record since 2008: 2 appointments and 12 cessations. The latest: Amit Dhanvilas Shitole ceased to be Director on 24 May 2018.
24 earlier events are in the company report.
Frequently asked questions
Future Cars is an active private limited company based in Nashik, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 28 March 2008 (18+ years old) and is registered under CIN U34103MH2008PTC180610.
Future Cars has 2 current directors:
- Amit Dhanvilas Shitole - Director
- Atul Shantaram Rasane - Director
The latest financial statements of Future Cars 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.
No. Future Cars has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Future Cars is U34103MH2008PTC180610. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Future Cars has 6 court cases on record: 6 filed against it. 5 are pending.
Future Cars was incorporated on 28 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Amit Dhanvilas Shitole ceased to be Director on 24 May 2018. Jayshree Atul Rasne ceased to be Director on 15 Sep 2017. Yati Sushil Gujrathi ceased to be Additional Director on 30 Sep 2016. Future Cars has 14 board changes on record in total.
The registered office of Future Cars is at S. No. 904224 Plot No. 3 & 4 Near Sai Palace Hotel Mumbai Agra Highway, Nashik, Maharashtra, India – 422009.
Future Cars operates in the automotive industry, in the auto dealership and trading segment.
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