I. B. Mercantile Private Limited

I. B. Mercantile Private Limited - real estate and construction in Mumbai, Maharashtra, India. Directors, charges & compliance details.
CIN U70101MH2007PTC167891 Incorporated 15 February 2007 ROC Mumbai HQ Mumbai, Maharashtra, India
Struck Off Private Limited Company real estate and construction
Data last updated
Revenue · FY 2018
₹150
▲ 100% YoY
Authorised capital
₹27 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Satisfied charges
₹8.17 Cr
No open charges
Company age
19 yrs
Est. 2007
Directors on board
2
As per MCA filings
Last financials
Mar 2018
Balance sheet date
Last AGM
29 Sep 2018
Annual general meeting

About I. B. Mercantile Private Limited

Data last updated:

I. B. Mercantile Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Kamaths Ourtimes Icecreams Private Limited. 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 real estate marketing and sales segment of the real estate and construction sector. It was incorporated on 15 February 2007.

The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH2007PTC167891.

The company had an authorised share capital of ₹27 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Raghunandan Srinivas Kamath and Pushpalatha Raghunandan Kamath.

Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Mumbai, Maharashtra.

As per MCA filings, the company had satisfied charges of ₹8.17 Cr on record. The company has 1 deal on record (1 secondary share transfer); the latest was in June 2008.

The last known website on record is naturalicecreams.in.

Company details

CIN U70101MH2007PTC167891
Registration Number 167891
Incorporation Date 15 February 2007
ROC Mumbai
Listing Status Unlisted
Company Status Struck Off
Date of Last AGM 29 September 2018
Date of Balance Sheet 31 March 2018
Parent Company Kamaths Ourtimes Icecreams Private Limited

Contact details

I. B. Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Plot No. 55/A 55/B 55/C & 55/D Kandivili Co.Op Industrial Estate Ltd Charkop Kandivil, I(W), Mumbai, Maharashtra, India – 400067
  • Industry
    Real Estate and Construction, Real Estate Marketing & Sales

To see the full contact details of I. B. Mercantile Private Limited, buy the company report.

Comprehensive company report
I. B. Mercantile Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of I. B. Mercantile is construction. In detail, this covers buildings.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF1Buildings

Financials of I. B. Mercantile Private Limited

FY 2018 filings available

I. B. Mercantile Private Limited reported revenue of ₹150 (up 100% YoY) for FY 2018.

Revenue · FY 2018
₹150 ▲ 100%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 100%
3 years · compounded
▼ 83%

Revenue rose 100% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 83%. 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

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
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
Profit Before Tax
Tax Expense
Net Profit (PAT)
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

MetricsFY 2017-18FY 2016-17FY 2015-16FY 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 I. B. Mercantile Private Limited, buy the company report.

Board of directors of I. B. Mercantile Private Limited

I. B. Mercantile has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Raghunandan Srinivas KamathDirector09 Jun 200818 Years 4 MonthsAs last reported
Pushpalatha Raghunandan KamathDirector09 Jun 200818 Years 4 MonthsAs last reported

Auditor

I. B. Mercantile Private Limited is audited by V. P. H. & Associates for the financial year 2016.

Auditor firmFinancial yearFirm registration number
V. P. H. & AssociatesFY 2016

Shareholding

The shareholding of I. B. Mercantile Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of I. B. Mercantile Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹8.17 Cr
Breakdown by lending institutions
The Saraswat Co-Op Bank Ltd₹8.17 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Jun 200810114479The Saraswat Co-Op Bank Ltd₹8.17 CrSatisfied

To see the full charge records of I. B. Mercantile Private Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

I. B. Mercantile Private Limited has 1 deal on record (1 secondary share transfer); the latest was in June 2008.

Total deals
1
Secondary share transfer
1

Deals on record (1 of 1)

WhenDealAmountParties
Jun 2008Secondary share transferUndisclosedBuyer: Kamaths Ourtimes Icecreams Private Limited , 2 individuals
Seller: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for I. B. Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

No GST registration is on our record for I. B. Mercantile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

I. B. Mercantile Private Limited has 8 board changes on record since 2008: 2 appointments and 6 cessations. The latest: Amin Ibrahim Jaka ceased to be Additional Director on 09 Jun 2008.

AGM
I. B. Mercantile Private Limited last Annual general meeting of members was held on 29 Sep 2018 as per latest MCA records.
Filing
I. B. Mercantile Private Limited has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Mumbai.
Charges
A charge registered on 13 Jun 2008 via Charge ID 10114479 with The Saraswat Co-Op Bank Ltd was fully satisfied on 27 Jan 2016.
Charges
A charge with The Saraswat Co-Op Bank Ltd amounted to Rs. 817.00 Lakh with Charge ID 10114479 was registered on 13 Jun 2008.
Ceased
Amin Ibrahim Jaka ceased to be Additional Director.
Ceased
Arun Jain ceased to be Additional Director.
Ceased
Chandresh Lunia ceased to be Director.
Ceased
Mayank Jain ceased to be Director.
Appointed
Pushpalatha Raghunandan Kamath was appointed as Director.
Appointed
Raghunandan Srinivas Kamath was appointed as Director.
Ceased
Salim Ibrahimbhai Jaka ceased to be Additional Director.
Ceased
Sanjay Jain ceased to be Director.

1 earlier event is in the company report.

Frequently asked questions

I. B. Mercantile 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.

I. B. Mercantile was a private limited company based in Mumbai, Maharashtra, India. The company worked in real estate marketing and sales, within the real estate and construction industry. It was incorporated on 15 February 2007 and is registered under CIN U70101MH2007PTC167891. The company has been struck off by the Registrar of Companies and is no longer operational.

I. B. Mercantile had 2 directors:

The CIN (Corporate Identification Number) of I. B. Mercantile is U70101MH2007PTC167891. 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 I. B. Mercantile is at Plot No. 55A 55B 55C & 55D Kandivili Co.Op Industrial Estate Ltd Charkop Kandivil, IW, Mumbai, Maharashtra, India – 400067.

I. B. Mercantile was incorporated on 15 February 2007. It is registered with the Registrar of Companies, Mumbai.

I. B. Mercantile can be reached through the website naturalicecreams.in. Its registered office is in Mumbai, Maharashtra, India.

The latest financial statements of I. B. Mercantile on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.

I. B. Mercantile operated in the real estate and construction industry, in the real estate marketing and sales segment. It worked in this industry before it was struck off.

I. B. Mercantile has 1 deal on record (1 secondary share transfer); the latest was in June 2008.