Latest IT Solutions Limited
About Latest IT Solutions Limited
Data last updated:
Latest IT Solutions Limited is a public limited company based in Faridabad, Haryana, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 04 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72000HR2005PLC048263. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.8 Cr and a paid-up capital of ₹1.26 Cr. It was formerly known as Srs It Solutions Limited. It is led by directors including Satish (Whole-Time Director) and Rattan Singh.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Faridabad, Haryana.
As per the financials filed for FY 2016, the company reported a revenue of ₹39.77 Lakh, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹4.57 Cr and EBITDA of -₹5.26 Cr.
As per MCA filings, the company has open charges of ₹838 Cr and satisfied charges of ₹825.3 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Latest IT Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72000HR2005PLC048263, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72000HR2005PLC048263 | Current |
| U72000DL2005PTC133608 | Previous |
| U72000HR2005PTC048263 | Previous |
Contact details
Latest IT Solutions Limited's registered office is in Faridabad, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSrs Tower Unit No. 713 7th Floor Near Metro Station Mewla Maharajpur G.T, . Road, Faridabad, Haryana, India – 121003
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Latest IT Solutions 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 activities of Latest IT Solutions are trade and information and communication. In detail, this covers retail trading and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Latest IT Solutions Limited, buy the company report.
Financials of Latest IT Solutions Limited
FY 2016 filings availableLatest IT Solutions Limited reported revenue of ₹39.77 Lakh (down 69% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 69% in the latest year. EBITDA rose 5% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹39.77 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹5.26 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4.57 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | ||
| Net Profit Margin | ||
| 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 Latest IT Solutions Limited, buy the company report.
Board of directors of Latest IT Solutions Limited
Latest IT Solutions has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Also directs: Sampooran Natural Resources Limited, Madhav Bullions & Jewellers Private Limited, Topchoice Computech Limited and 1 more | Whole-Time Director | 23 Aug 2016 | 10 Years 1 Months | Current |
| Rattan Singh | Director | 23 Aug 2016 | 10 Years 1 Months | Current |
| Balraj Also directs: Sampooran Natural Resources Limited, Sihani Sales Agencies Private Limited, Synergy Merchandise Private Limited and 3 more | Director | 23 Aug 2016 | 10 Years 1 Months | Current |
Auditor
Latest IT Solutions Limited is audited by G S M & COMPANY for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S M & COMPANY | FY 2016 | 026549N |
Shareholding
The shareholding of Latest IT Solutions Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Latest IT Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2016 | 100041278 | Others | ₹3 Cr | Open | |
| 30 May 2011 | 10293551 | State Bank of India ( Lead Bank ) | ₹825 Cr | Open | |
| 24 Mar 2011 | 10282466 | State Bank of India | ₹10 Cr | Open | |
| 27 Dec 2013 | 10471247 | Bank of India | ₹37.5 Cr | Satisfied | |
| 30 Nov 2013 | 10472146 | Union Bank of India | ₹100 Cr | Satisfied |
To see the full charge records of Latest IT Solutions Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Latest IT Solutions Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Court case (CBI) | Filed against the company by an individual | Pending |
| District court, Central, Delhi | Court case (CBI) | Filed against the company by an individual | Disposed |
To see the full case history of Latest IT Solutions 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 Latest IT Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Latest IT Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Latest IT Solutions Limited, buy the company report.
Recent activity
Latest IT Solutions Limited has 15 board changes on record since 2009: 3 appointments and 12 cessations. The latest: Satish ceased to be Director on 02 Nov 2016.
21 earlier events are in the company report.
Frequently asked questions
Latest IT Solutions is an active public limited company based in Faridabad, Haryana, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 04 March 2005 (21+ years old) and is registered under CIN U72000HR2005PLC048263.
Latest IT Solutions has 3 current directors:
- Satish - Whole-Time Director
- Rattan Singh - Director
- Balraj - Director
The latest financial statements of Latest IT Solutions on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Latest IT Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Latest IT Solutions is U72000HR2005PLC048263. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Latest IT Solutions has 2 court cases on record: 2 filed against it. 1 is pending.
Latest IT Solutions was incorporated on 04 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Delhi.
Satish ceased to be Director on 02 Nov 2016. Balraj ceased to be Additional Director on 30 Sep 2016. Rattan Singh ceased to be Additional Director on 30 Sep 2016. Latest IT Solutions has 15 board changes on record in total.
The registered office of Latest IT Solutions is at Srs Tower Unit No. 713 7th Floor Near Metro Station Mewla Maharajpur G.T, . Road, Faridabad, Haryana, India – 121003.
Latest IT Solutions operates in the financial services industry, in the brokerage and trading services segment.