About I-Pay Clearing Services Private Limited
Data last updated:
I-Pay Clearing Services Private Limited was a private limited company based in Mahape, Maharashtra, India, operated as a subsidiary of Efkon India Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 30 October 2002.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2002PTC137737. Its GSTIN is 27AABCI0280L1ZK (Maharashtra).
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was led by directors Gurpreet Singh Basra and Wolfgang Boh.
Its last annual general meeting (AGM) was held on 07 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Sector 1, Mahape, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹94.11 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.49 Cr (net margin 158.1%) and EBITDA of -₹74.79 Lakh (EBITDA margin -79.5%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 3% over five years.
As per MCA filings, the company had satisfied charges of ₹5.1 Cr on record.
The last known website on record is efkonindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address1115 11th Floor Rupa Solitaire Building No. A – 1 Sector 1 Millennium Business Park Navi, Mumbai, Mahape, Maharashtra, India – 400710
- IndustryInformation Technology, Software Development & Support Services
- 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
Auditor Details of I-Pay Clearing Services Private Limited
I-Pay Clearing Services Private Limited is audited by HINESH R DOSHI & CO LLP for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HINESH R DOSHI & CO LLP | 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 I-Pay Clearing Services Private Limited
I-Pay Clearing Services has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gurpreet Singh Basra | Director | 18 Dec 2017 | 8 Years 9 Months | As last reported |
| Wolfgang Boh | Director | 19 Sep 2009 | 17 Years 0 Months | As last reported |
Financials of I-Pay Clearing Services Private Limited FY 2021 filings available
I-Pay Clearing Services Private Limited reported revenue of ₹94.11 Lakh (down 9% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of I-Pay Clearing Services Private Limited
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 57% 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 of I-Pay Clearing Services Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹94.11 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹74.79 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.49 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 of I-Pay Clearing Services Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -79.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 158.1% | •••• | •••• | •••• | •••• |
| 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 I-Pay Clearing Services 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.
Ownership and Shareholding of I-Pay Clearing Services 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 I-Pay Clearing Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Sep 2009 | Sicom Limited | ₹5 Cr | Satisfied |
| 16 Mar 2004 | Bank of Maharashtra | ₹10 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at I-Pay Clearing Services Private Limited
I-Pay Clearing Services Private Limited has a workforce of 0 employees as of Apr 04, 2024.
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.
GST Compliance of I-Pay Clearing Services Private Limited
I-Pay Clearing Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI0280L1ZK | Maharashtra | Active | 01 Jul 2017 |
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.
Credit Ratings, Litigation & Regulatory Alerts for I-Pay Clearing Services 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 I-Pay Clearing Services 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 I-Pay Clearing Services 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.
MCA Filings & Documents of I-Pay Clearing Services 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.
Recent Activity on I-Pay Clearing Services Private Limited
Frequently Asked Questions about I-Pay Clearing Services Private Limited
I-Pay Clearing Services 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.
I-Pay Clearing Services was a private limited company based in Mahape, Maharashtra, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 30 October 2002 and is registered under CIN U51909MH2002PTC137737. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
I-Pay Clearing Services was incorporated on 30 October 2002. It is registered with the Registrar of Companies, Mumbai.
I-Pay Clearing Services had 2 directors:
- Gurpreet Singh Basra - Director
- Wolfgang Boh - Director
The CIN (Corporate Identification Number) of I-Pay Clearing Services is U51909MH2002PTC137737. 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-Pay Clearing Services is at 1115 11th Floor Rupa Solitaire Building No. A – 1 Sector 1 Millennium Business Park Navi, Mumbai, Mahape, Maharashtra, India – 400710.
I-Pay Clearing Services can be reached through the website efkonindia.com. Its registered office is in Mahape, Maharashtra, India.
I-Pay Clearing Services reported revenue of ₹94.11 Lakh for FY 2021 (down 9% YoY).
I-Pay Clearing Services has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr.