Innovative Commercial Pvt Ltd
About Innovative Commercial Pvt Ltd
Data last updated:
Innovative Commercial Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 26 February 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB1990PTC048461. Its GSTIN is 19AAACI7052H1ZJ (West Bengal).
The company has an authorised share capital of ₹18.7 Cr and a paid-up capital of ₹18.68 Cr. It is led by directors Anil Kumar Bhandawat and Vineet Kedia.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 9/12 Lalbazer Street Mercantile Building, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2021, the company reported a revenue of ₹12.34 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹6.27 Cr (net margin -50.8%) and EBITDA of -₹6.27 Cr (EBITDA margin -50.8%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 19% over five years.
Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address9/12 Lalbazer Street Mercantile Building, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
- One PDF report, delivered after checkout
Business Activity
The main business activity of Innovative Commercial is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Innovative Commercial Pvt Ltd
FY 2021 filings availableInnovative Commercial Pvt Ltd reported revenue of ₹12.34 Cr (down 10% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 10% 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 2020-21 | FY 2016-17 to FY 2019-20in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹12.34 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | -₹6.27 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹6.27 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 2020-21 | FY 2016-17 to FY 2019-20in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -50.8% | |
| Net Profit Margin | -50.8% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2016-17 to FY 2019-20, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Innovative Commercial are in the company report.
: available in the company report
Board of Directors of Innovative Commercial Pvt Ltd
Innovative Commercial has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vineet Kedia Also directs: Trident Dealers Private Limited, Jyotsna Vanijya Private Limited, Ranbhumi Traders Private Limited and 5 more | Additional Director | 28 Feb 2009 | 17 Years 7 Months | Current |
| Anil Kumar Bhandawat Also directs: Jyotsna Vanijya Private Limited, Narmoda Vintrade Private Limited, Purple Tradecom Private Limited and 3 more | Director | 10 May 2011 | 15 Years 5 Months | Current |
Auditor Details
Innovative Commercial Pvt Ltd is audited by A M BANKA & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A M BANKA & CO | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Innovative Commercial Pvt Ltd does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases
Innovative Commercial Pvt Ltd has 4 court cases on record: 1 filed by Innovative Commercial, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by Saroj Commodities (P) Ltd | Pending |
| District court, Meerut, Uttar Pradesh | Interim or miscellaneous application | Filed against the company by Ramnath Memorial Trust Society 1, | Disposed |
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by an individual | Disposed |
| High Court | Writ petition | Filed by the company against Registrar of Companies,W.B. | Disposed |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Innovative Commercial.
: available in the company report
Recent Activity
Innovative Commercial Pvt Ltd has 9 board changes on record since 2009: 2 appointments and 7 cessations. The latest: Gunjan Bharadwaj ceased to be Ceo(Kmp) on 25 Feb 2022.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Innovative Commercial has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACI7052H1ZJ | West Bengal | Active | 28 Mar 2018 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Innovative Commercial is an active private limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 26 February 1990 (36+ years old) and is registered under CIN U51909WB1990PTC048461.
Innovative Commercial has 2 current directors:
- Vineet Kedia - Additional Director
- Anil Kumar Bhandawat - Director
The latest financial statements of Innovative Commercial on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Innovative Commercial is 19AAACI7052H1ZJ, registered in West Bengal.
The CIN (Corporate Identification Number) of Innovative Commercial is U51909WB1990PTC048461. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Commercial has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Innovative Commercial was incorporated on 26 February 1990, making it 36+ years old. It is registered with the Registrar of Companies, Kolkata.
Gunjan Bharadwaj ceased to be Ceo(Kmp) on 25 Feb 2022. Anjani Kumar Gupta ceased to be Director on 12 Aug 2013. Anil Kumar Bhandawat was appointed as Director on 10 May 2011. Innovative Commercial has 9 board changes on record in total.
The registered office of Innovative Commercial is at 912 Lalbazer Street Mercantile Building, Kolkata, West Bengal, India – 700001.
Innovative Commercial operates in the financial services industry, in the nbfc segment.