About Kolla Innovatives Infotech Private Limited
Data last updated:
Kolla Innovatives Infotech Private Limited was a private limited company based in Visakhapatnam, Andhra Pradesh, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 05 April 2005.
The company was registered with the Registrar of Companies (ROC), Vijayawada, under CIN U74200AP2005PTC045815. Its GSTIN is 37AACCK7002K1ZK (Andhra Pradesh).
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹55.05 Lakh. It was led by directors Kolla Venkata Suresh Kumar and Kolla Sailaja.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 10 – 1 – 38/A 1st Floor Waltair Up Lands Visakhapatnam, Andhra Pradesh, India.
As per the financials filed for FY 2018, the company reported a revenue of ₹11.96 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net profit of ₹4.76 Lakh (net margin 0.4%) and EBITDA of ₹9.93 Lakh (EBITDA margin 0.8%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years.
As per MCA filings, the company had open charges of ₹5 Cr and satisfied charges of ₹3.6 Cr on record. Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it; 1 case is pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2006.
The last known website on record is innovativesinfo.com.
Company details
Contact details
Kolla Innovatives Infotech Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is innovativesinfo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address10 – 1 – 38/A 1st Floor Waltair Up Lands Visakhapatnam, Andhra Pradesh, India
- IndustryInformation Technology, IT Products Retail & Distribution, Web Design & Maintenance Services
To see the full contact details of Kolla Innovatives Infotech 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
Financials of Kolla Innovatives Infotech Private Limited
FY 2018 filings availableKolla Innovatives Infotech Private Limited reported revenue of ₹11.96 Cr (down 40% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 31% over three years, including a 40% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹11.96 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹9.93 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹4.76 Lakh | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.8% | |||
| Net Profit Margin | 0.4% | |||
| 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 Kolla Innovatives Infotech Private Limited, buy the company report.
Board of directors of Kolla Innovatives Infotech Private Limited
Kolla Innovatives Infotech has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kolla Venkata Suresh Kumar | Director | 05 Apr 2005 | 21 Years 6 Months | As last reported |
| Kolla Sailaja | Director | 05 Apr 2005 | 21 Years 6 Months | As last reported |
Shareholding
The shareholding of Kolla Innovatives Infotech Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Kolla Innovatives Infotech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2013 | 10471222 | Axis Bank Limited | ₹5 Cr | Open | |
| 27 Sep 2012 | 10385286 | Union Bank of India | ₹9.5 Lakh | Satisfied | |
| 06 Jan 2006 | 10052866 | Union Bank of India | ₹3.5 Cr | Satisfied |
To see the full charge records of Kolla Innovatives Infotech Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Kolla Innovatives Infotech Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2006.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2006 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kolla Innovatives Infotech Private Limited has 8 court cases on record: 3 filed by Kolla Innovatives Infotech, 5 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 4 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Visakapatnam, Andhra Pradesh | Criminal miscellaneous application | Filed against the company by Axis Bank Ltd. | Pending |
| NCLT, Amravati | Insolvency matter | Filed against the company by Ingram Micro India Pvt. Ltd | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Court case (CRLA.MU) | Filed against the company by Techno Sonics Sampath Enterprises and Another and 1 other | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by an individual | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed by the company against individuals | Disposed |
To see the full case history of Kolla Innovatives Infotech 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 Kolla Innovatives Infotech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kolla Innovatives Infotech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCK7002K1ZK | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kolla Innovatives Infotech Private Limited, buy the company report.
Recent activity
Kolla Innovatives Infotech Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Kolla Sailaja was appointed as Director on 05 Apr 2005.
Frequently asked questions
Kolla Innovatives Infotech has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Kolla Innovatives Infotech was a private limited company based in Visakhapatnam, Andhra Pradesh, India. The company worked in IT products retail and distribution, within the information technology industry. It was incorporated on 05 April 2005 and is registered under CIN U74200AP2005PTC045815. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Kolla Innovatives Infotech was incorporated on 05 April 2005. It is registered with the Registrar of Companies, Vijayawada.
Kolla Innovatives Infotech had 2 directors:
- Kolla Venkata Suresh Kumar - Director
- Kolla Sailaja - Director
The CIN (Corporate Identification Number) of Kolla Innovatives Infotech is U74200AP2005PTC045815. 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 Kolla Innovatives Infotech is at 10 – 1 – 38A 1st Floor Waltair Up Lands Visakhapatnam, Andhra Pradesh, India.
Kolla Innovatives Infotech can be reached through the website innovativesinfo.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The latest financial statements of Kolla Innovatives Infotech on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Kolla Innovatives Infotech is 37AACCK7002K1ZK, registered in Andhra Pradesh.
Kolla Innovatives Infotech operated in the information technology industry, in the IT products retail and distribution segment.