Innovative Finestocks Private Limited
About Innovative Finestocks Private Limited
Data last updated:
Innovative Finestocks Private Limited was a private limited company based in Guwahati, Assam, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the hire purchase segment of the financial services sector. It was incorporated on 05 December 1995.
The company was registered with the Registrar of Companies (ROC), Guwahati, under CIN U65921AS1995PTC019701.
The company had an authorised share capital of ₹55 Lakh and a paid-up capital of ₹54.95 Lakh. It was led by directors Shyam Sundar Sipani and Anshu Sipani.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Office No. 102 1st Floor Ffort Building Kachari Basti Road Ulubari, Guwahati, Assam, India – 781007.
As per the financials filed for FY 2020, the company reported a revenue of ₹3.89 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net profit of ₹12,371 (net margin 3.2%) and EBITDA of ₹16,718 (EBITDA margin 4.3%).
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- Registered AddressOffice No. 102 1st Floor Ffort Building Kachari Basti Road Ulubari, Guwahati, Assam, India – 781007
- IndustryFinancial Services, Hire Purchase, Credit Allocation Agencies, Other Financial Intermediation
- 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 of Innovative Finestocks Private Limited
The main business activity of Innovative Finestocks 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
Verified entity values are shown only after access is granted.
Financials of Innovative Finestocks Private Limited FY 2020 filings available
Innovative Finestocks Private Limited reported revenue of ₹3.89 Lakh (down 75% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Innovative Finestocks Private Limited
Revenue fell 75% in the latest year. EBITDA fell 91% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Innovative Finestocks Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | ₹16,718 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12,371 | •••• | •••• | •••• | •••• |
| 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 of Innovative Finestocks Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots 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 Finestocks are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Innovative Finestocks Private Limited
Innovative Finestocks Private Limited is audited by AKASH PINCHA AND ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AKASH PINCHA AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Innovative Finestocks Private Limited
Innovative Finestocks has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shyam Sundar Sipani | Director | 20 Feb 2015 | 11 Years 7 Months | As last reported |
| Anshu Sipani | Director | 01 Feb 2011 | 15 Years 8 Months | As last reported |
Ownership and Shareholding of Innovative Finestocks Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Innovative Finestocks Private Limited
Innovative Finestocks Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Innovative Finestocks Private Limited
Employment history and EPFO contributions of people linked to Innovative Finestocks.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Innovative Finestocks Private Limited
Innovative Finestocks has one previous CIN (Corporate Identification Number): U65921KA1995PTC019327. The current CIN is U65921AS1995PTC019701, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921AS1995PTC019701 | Current |
| U65921KA1995PTC019327 | Previous |
Recent Activity on Innovative Finestocks Private Limited
Credit Ratings, Litigation & Regulatory Alerts for Innovative Finestocks Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Innovative Finestocks Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Innovative Finestocks Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Innovative Finestocks Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Innovative Finestocks Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Innovative Finestocks Private Limited
Innovative Finestocks has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Innovative Finestocks was a private limited company based in Guwahati, Assam, India. The company worked in hire purchase, within the financial services industry. It was incorporated on 05 December 1995 and is registered under CIN U65921AS1995PTC019701. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Innovative Finestocks was incorporated on 05 December 1995. It is registered with the Registrar of Companies, Guwahati.
Innovative Finestocks had 2 directors:
- Shyam Sundar Sipani - Director
- Anshu Sipani - Director
The CIN (Corporate Identification Number) of Innovative Finestocks is U65921AS1995PTC019701. 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 Innovative Finestocks is at Office No. 102 1st Floor Ffort Building Kachari Basti Road Ulubari, Guwahati, Assam, India – 781007.
Innovative Finestocks reported revenue of ₹3.89 Lakh for FY 2020 (down 75% YoY).
Innovative Finestocks has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹54.95 Lakh.
Innovative Finestocks reported a net profit of ₹12,371 (net margin 3.2%) and EBITDA of ₹16,718 (EBITDA margin 4.3%) for FY 2020, as per its filed financial statements.