About Inart Creations Private Limited
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Inart Creations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 23 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74210KA2005PTC037026. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Yashraj Ramakrishna and Gayathri Jyesht Verman.
Its last annual general meeting (AGM) was held on 28 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at #26 1st Floor 80 Feet Roadh.M.T.Layout R.T.Nagar Main Road, Bangalore, Karnataka, India – 560032.
As per the financials filed for FY 2016, the company reported a revenue of ₹3.97 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹2.89 Cr (net margin -73%) and EBITDA of -₹2.05 Cr (EBITDA margin -51.8%).
As per MCA filings, the company has open charges of ₹3 Cr on record. Court records list 22 cases involving the company, including 3 filed by the company and 19 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website inart-creations.com.
Company details
Contact details
Inart Creations Private Limited's registered office is in Bangalore, Karnataka. Its website is inart-creations.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address#26 1st Floor 80 Feet Roadh.M.T.Layout R.T.Nagar Main Road, Bangalore, Karnataka, India – 560032
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Inart Creations 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
Business activity
The main business activity of Inart Creations is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Inart Creations Private Limited, buy the company report.
Financials of Inart Creations Private Limited
FY 2016 filings availableInart Creations Private Limited reported revenue of ₹3.97 Cr (down 35% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 35% in the latest year. EBITDA fell 307% 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 | ₹3.97 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹2.05 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹2.89 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -51.8% | |
| Net Profit Margin | -73% | |
| 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 Inart Creations Private Limited, buy the company report.
Board of directors of Inart Creations Private Limited
Inart Creations has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yashraj Ramakrishna | Director | 23 Aug 2005 | 21 Years 2 Months | Current |
| Gayathri Jyesht Verman | Director | 01 Aug 2013 | 13 Years 3 Months | Current |
Auditor
Inart Creations Private Limited is audited by ANNARAO & SHRIKANTA for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANNARAO & SHRIKANTA | FY 2016 | 009255S |
Shareholding
The shareholding of Inart Creations Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Inart Creations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2013 | 10454191 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹1 Cr | Open | |
| 02 Jun 2011 | 10292391 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹2 Cr | Open |
To see the full charge records of Inart Creations Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Inart Creations Private Limited has 22 court cases on record: 3 filed by Inart Creations, 19 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 18 | 0 |
| High courts | 4 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Bajaj Finance Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Bajaj Finance Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Religare Finvest Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Religare Finvest Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Bajaj Finance Ltd | Disposed |
To see the full case history of Inart Creations 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 Inart Creations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Inart Creations has 5 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 Inart Creations Private Limited, buy the company report.
Recent activity
Inart Creations Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Gayathri Jyesht Verman was appointed as Director on 01 Aug 2013.
Frequently asked questions
Inart Creations is an active private limited company based in Bangalore, Karnataka, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 23 August 2005 (21+ years old) and is registered under CIN U74210KA2005PTC037026.
Inart Creations has 2 current directors:
- Yashraj Ramakrishna - Director
- Gayathri Jyesht Verman - Director
The latest financial statements of Inart Creations on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 28 September 2016. Year-wise statements from 2015 are in the company report.
No. Inart Creations has 5 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Inart Creations is U74210KA2005PTC037026. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inart Creations has 22 court cases on record: 3 filed by the company and 19 filed against it. Most are in the district courts.
Inart Creations was incorporated on 23 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Gayathri Jyesht Verman was appointed as Director on 01 Aug 2013. Soumya ceased to be Director on 01 Aug 2013. Yashraj Ramakrishna was appointed as Director on 23 Aug 2005.
Inart Creations can be reached through the website inart-creations.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Inart Creations is at #26 1st Floor 80 Feet Roadh.M.T.Layout R.T.Nagar Main Road, Bangalore, Karnataka, India – 560032.
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