Iras Trading Private Limited
About Iras Trading Private Limited
Data last updated:
Iras Trading Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 08 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93000MH2011PTC219574. Its GSTIN is 27AAECB6076E2ZO (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Bestever Ethnic Fashion (India) Private Limited and Shree Balaji Fashion Private Limited. It is led by directors Sachin Gunaji Pawar and Ramesh Jethanand Wadhwa.
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 is at Sector 10, Mumbai, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹15.49 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹92,826 (net margin 0.1%) and EBITDA of ₹1.1 Lakh (EBITDA margin 0.1%).
The company has about 47 employees on its provident fund (EPFO) records.
Court records list 10 cases involving the company, including 10 filed by the company; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Iras Trading has undergone 5 name changes throughout its history. The current legal name is Iras Trading Private Limited.
| Company Name | Status |
|---|---|
| Iras Trading Private Limited | Current |
| Bestever Ethnic Fashion (India) Private Limited | Previous |
| Shree Balaji Fashion Private Limited | Previous |
| Indo - Italian Education Private Limited | Previous |
| Shree Balaji Bestever Ethnic Fashion (India) Private Limited | Previous |
| Balaji Fashion Private Limited | Previous |
CIN history
Iras Trading has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U93000MH2011PTC219574, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000MH2011PTC219574 | Current |
| U51909MH2011PTC219574 | Previous |
| U74110MH2011PTC219574 | Previous |
| U80904MH2011PTC219574 | Previous |
Contact details
Iras Trading Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressSh – S43 Xth Central Shopping Centre Mahavir Nagar Sector 10, Kandivali West, Mumbai, Maharashtra, India – 400101
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Iras Trading 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 Iras Trading is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Iras Trading Private Limited, buy the company report.
Financials of Iras Trading Private Limited
FY 2020 filings availableIras Trading Private Limited reported revenue of ₹15.49 Cr (up 5% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year. EBITDA rose 115% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹15.49 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹92,826 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Iras Trading Private Limited, buy the company report.
Board of directors of Iras Trading Private Limited
Iras Trading has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Gunaji Pawar | Director | 14 Mar 2017 | 9 Years 7 Months | Current |
| Ramesh Jethanand Wadhwa | Director | 14 Mar 2017 | 9 Years 7 Months | Current |
Auditor
Iras Trading Private Limited is audited by RUPESH GUPTA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RUPESH GUPTA & ASSOCIATES | FY 2020 | 141513W |
Shareholding
The shareholding of Iras Trading Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Iras Trading Private Limited, buy the company report.
Legal cases
Iras Trading Private Limited has 10 court cases on record: 10 filed by Iras Trading. 9 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 9 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CN) | Filed by the company against M/S. Shri Nathji Apparels Global Pvt. Ltd. and 3 others | Disposed |
| District court, Calcutta, West Bengal | Court case (CN) | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed by the company against an individual | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed by the company against individuals | Pending |
To see the full case history of Iras Trading 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 Iras Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Iras Trading Private Limited has a workforce of 47 employees on its EPFO records as of May 2018, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 47 |
| FY 2017-18 |
To see the full employee and EPFO history of Iras Trading Private Limited, buy the company report.
GST
Iras Trading has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECB6076E2ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Iras Trading Private Limited, buy the company report.
Recent activity
Iras Trading Private Limited has 11 board changes on record since 2012: 2 appointments and 9 cessations. The latest: Ramesh Jethanand Wadhwa ceased to be Additional Director on 29 Sep 2017.
2 earlier events are in the company report.
Frequently asked questions
Iras Trading is an active private limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 08 July 2011 (15+ years old) and is registered under CIN U93000MH2011PTC219574.
Iras Trading has 2 current directors:
- Sachin Gunaji Pawar - Director
- Ramesh Jethanand Wadhwa - Director
The latest financial statements of Iras Trading on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Iras Trading is 27AAECB6076E2ZO, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Iras Trading is U93000MH2011PTC219574. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iras Trading has 10 court cases on record: 10 filed by the company. 9 are pending.
Iras Trading was incorporated on 08 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Ramesh Jethanand Wadhwa ceased to be Additional Director on 29 Sep 2017. Sachin Gunaji Pawar ceased to be Additional Director on 29 Sep 2017. Ramesh Chakra Shenigarapu ceased to be Director on 15 Mar 2017. Iras Trading has 11 board changes on record in total.
The registered office of Iras Trading is at Sh – S43 Xth Central Shopping Centre Mahavir Nagar Sector 10, Kandivali West, Mumbai, Maharashtra, India – 400101.
Iras Trading operates in the fashion and textile industry, in the designer and branded fashion segment.
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