About Grovey Innovations Private Limited
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Grovey Innovations 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 leather goods manufacturing segment of the consumer goods sector. It was incorporated on 04 October 1989.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U19120MH1989PTC053739. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹45 Lakh. It was led by directors Nilesh Khatau Manek and Nayna Nilesh Manek.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at E – 518 Floral Deck Plaza Central MIDC Road Andheri (E), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2015, the company reported a revenue of ₹10.9 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹2.31 Cr (net margin -21.2%) and EBITDA of -₹1.14 Cr (EBITDA margin -10.4%).
As per MCA filings, the company had satisfied charges of ₹11.85 Cr on record. The company has 1 deal on record (1 acquisition); the latest was in September 2015.
The last known website on record is geniusbags.com.
Company details
Contact details
Grovey Innovations Private Limited's registered office is in Mumbai, Maharashtra. Its website is geniusbags.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressE – 518 Floral Deck Plaza Central MIDC Road Andheri (E), Mumbai, Maharashtra, India – 400093
- IndustryConsumer Goods, Leather Goods Manufacturing
To see the full contact details of Grovey Innovations 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 Grovey Innovations Private Limited
FY 2015 filings availableGrovey Innovations Private Limited reported revenue of ₹10.9 Cr (down 48% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 48% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹10.9 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹1.14 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹2.31 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -10.4% |
| Net Profit Margin | -21.2% |
| 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 Grovey Innovations Private Limited, buy the company report.
Board of directors of Grovey Innovations Private Limited
Grovey Innovations has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilesh Khatau Manek | Director | 04 Oct 1989 | 37 Years 1 Months | As last reported |
| Nayna Nilesh Manek | Director | 30 Oct 2015 | 11 Years 0 Months | As last reported |
Auditor
Grovey Innovations Private Limited is audited by Vinod K. Mehta & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vinod K. Mehta & Co. | FY 2015 |
Shareholding
The shareholding of Grovey Innovations Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Grovey Innovations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2011 | 10315843 | Dhanlaxmi Bank Limited | ₹5.95 Cr | Satisfied | |
| 09 Jun 2008 | 10113084 | Barclays Bank Plc | ₹3.8 Cr | Satisfied | |
| 13 Nov 2007 | 10076863 | Uco Bank Worli Branch | ₹35 Lakh | Satisfied | |
| 09 Feb 2007 | 10038702 | Uco Bank Worli Branch | ₹25 Lakh | Satisfied | |
| 07 Dec 2005 | 90241676 | Uco Bank | ₹1.5 Cr | Satisfied |
To see the full charge records of Grovey Innovations Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Grovey Innovations Private Limited has 1 deal on record (1 acquisition); the latest was in September 2015.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2015 | Acquisition | Undisclosed | Buyer: Safari Industries (India) Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Grovey Innovations Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Grovey Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Grovey Innovations has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Grovey Innovations Private Limited, buy the company report.
Recent activity
Grovey Innovations Private Limited has 4 board changes on record since 1989: 2 appointments and 2 cessations. The latest: Raghubir Singh ceased to be Director on 31 Oct 2015.
7 earlier events are in the company report.
Frequently asked questions
Grovey Innovations 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.
Grovey Innovations was a private limited company based in Mumbai, Maharashtra, India. The company worked in leather goods manufacturing, within the consumer goods industry. It was incorporated on 04 October 1989 and is registered under CIN U19120MH1989PTC053739. The company has been struck off by the Registrar of Companies and is no longer operational.
Grovey Innovations had 2 directors:
- Nilesh Khatau Manek - Director
- Nayna Nilesh Manek - Director
The CIN (Corporate Identification Number) of Grovey Innovations is U19120MH1989PTC053739. 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 Grovey Innovations is at E – 518 Floral Deck Plaza Central MIDC Road Andheri E, Mumbai, Maharashtra, India – 400093.
Grovey Innovations was incorporated on 04 October 1989. It is registered with the Registrar of Companies, Mumbai.
Grovey Innovations can be reached through the website geniusbags.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Grovey Innovations on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. Grovey Innovations has 2 GST registrations on record and all of them are cancelled or inactive.
Grovey Innovations operated in the consumer goods industry, in the leather goods manufacturing segment. It worked in this industry before it was struck off.
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