I. B. Commercial Private Limited
About I. B. Commercial Private Limited
Data last updated:
I. B. Commercial Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 15 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH2007PTC167888. Its GSTIN is 27AABCI6616C1ZV (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹1.65 Cr. It is led by directors Raju Suresh Pathre and Salim Ibrahimbhai Jaka.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Office No. 1 2nd Floor Malhotra House Opp. Gpo, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2019, the company reported a revenue of ₹5.89 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹19.94 Lakh (net margin -338.4%) and EBITDA of -₹21.72 Lakh (EBITDA margin -368.6%). Revenue has declined at a compounded annual rate (CAGR) of 84% over three years and 80% over five years.
As per MCA filings, the company has open charges of ₹134.56 Cr and satisfied charges of ₹42.97 Cr on record. Court records list 45 cases involving the company, including 9 filed by the company and 36 filed against it; 14 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
I. B. Commercial Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No. 1 2nd Floor Malhotra House Opp. Gpo, Mumbai, Maharashtra, India – 400001
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
To see the full contact details of I. B. Commercial 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 I. B. Commercial Private Limited
FY 2022 filings availableI. B. Commercial Private Limited reported revenue of ₹5.89 Lakh (down 98% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 80% over five years, including a 98% fall 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.89 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹21.72 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹19.94 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -368.6% | ||||
| Net Profit Margin | -338.4% | ||||
| 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 I. B. Commercial Private Limited, buy the company report.
Board of directors of I. B. Commercial Private Limited
I. B. Commercial has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raju Suresh Pathre | Director | 01 Apr 2015 | 11 Years 6 Months | Current |
| Salim Ibrahimbhai Jaka | Director | 01 Aug 2018 | 8 Years 2 Months | Current |
Auditor
I. B. Commercial Private Limited is audited by S C MEHRA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S C MEHRA & ASSOCIATES | FY 2019 | 106156W |
Shareholding
The shareholding of I. B. Commercial Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of I. B. Commercial Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2014 | 10495416 | Allahabad Bank | ₹57.84 Cr | Open | |
| 26 Feb 2014 | 10484240 | Oriental Bank of Commerce | ₹35.7 Cr | Open | |
| 25 Sep 2013 | 10455776 | Allahabad Bank | ₹7 Cr | Open | |
| 26 Mar 2013 | 10419567 | Allahabad Bank | ₹15.19 Cr | Open | |
| 29 Jan 2013 | 10412143 | Allahabad Bank | ₹9.37 Cr | Open |
To see the full charge records of I. B. Commercial Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
I. B. Commercial Private Limited has 45 court cases on record: 9 filed by I. B. Commercial, 36 filed against it. 14 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 33 | 24 | 8 |
| District courts | 12 | 12 | 6 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Sikkim Ferro Alloys Ltd | Pending |
| Bombay High Court | Writ petition | Filed against the company by Sikkim Ferro Alloys Ltd. | Disposed |
| Bombay High Court | Commercial suit | Filed against the company by VMS Industries Ltd. | Disposed |
| Bombay High Court | Court case (NMCD) | Filed against the company by VMS Industries Ltd. | Disposed |
| Bombay High Court | Court case (CARAP) | Filed by the company against MSTC Limited and 1 other | Disposed |
To see the full case history of I. B. Commercial 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.
Credit ratings & regulatory alerts
I. B. Commercial Private Limited was last rated by Crisil on 21 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 May 2021 |
To see the full credit ratings and regulatory alerts of I. B. Commercial Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for I. B. Commercial Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
I. B. Commercial Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
I. B. Commercial has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI6616C1ZV | Maharashtra | Active | 01 Jul 2017 |
| 19AABCI6616C1ZS | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of I. B. Commercial Private Limited, buy the company report.
Recent activity
I. B. Commercial Private Limited has 9 board changes on record since 2007: 2 appointments and 7 cessations. The latest: Salim Ibrahimbhai Jaka ceased to be Additional Director on 29 Sep 2018.
18 earlier events are in the company report.
Frequently asked questions
I. B. Commercial is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 15 February 2007 (19+ years old) and is registered under CIN U70101MH2007PTC167888.
I. B. Commercial has 2 current directors:
- Raju Suresh Pathre - Director
- Salim Ibrahimbhai Jaka - Director
The latest financial statements of I. B. Commercial on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of I. B. Commercial is 27AABCI6616C1ZV, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 19AABCI6616C1ZS (West Bengal).
The CIN (Corporate Identification Number) of I. B. Commercial is U70101MH2007PTC167888. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
I. B. Commercial has 45 court cases on record: 9 filed by the company and 36 filed against it. 14 are pending. Most are in the high courts.
I. B. Commercial was incorporated on 15 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Salim Ibrahimbhai Jaka ceased to be Additional Director on 29 Sep 2018. Abdulkarim Ibrahim Jaka ceased to be Director on 03 Aug 2018. Salim Ibrahimbhai Jaka was appointed as Director on 01 Aug 2018. I. B. Commercial has 9 board changes on record in total.
The registered office of I. B. Commercial is at Office No. 1 2nd Floor Malhotra House Opp. Gpo, Mumbai, Maharashtra, India – 400001.
I. B. Commercial operates in the machinery and equipment industry, in the industrial products retail and distribution segment.
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