Mastermind Trade-In Private Limited
About Mastermind Trade-In Private Limited
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Mastermind Trade-In Private Limited is a private limited company based in Delhi, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 16 September 2006.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51109DL2006PTC153875.
The company has an authorised share capital of ₹1.75 Cr and a paid-up capital of ₹1.73 Cr. It is led by directors Aarti Puri and Reshmi Phukan.
Its last annual general meeting (AGM) was held on 29 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at H.No. 1/13787 First Floor Bhagwanpur Khera Ramnagar Shahdara, Delhi, India – 110032.
As per the financials filed for FY 2015, the company reported a revenue of ₹6.82 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹1.11 Cr and EBITDA of -₹99,816 (EBITDA margin -14.6%). Revenue has declined at a compounded annual rate (CAGR) of 92% over three years.
As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹6 Cr on record. Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 5 cases are pending.
Company details
Contact details
Mastermind Trade-In Private Limited's registered office is in Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered AddressH.No. 1/13787 First Floor Bhagwanpur Khera Ramnagar Shahdara, Delhi, India – 110032
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Mastermind Trade-In 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 Mastermind Trade-In Private Limited
FY 2015 filings availableMastermind Trade-In Private Limited reported revenue of ₹6.82 Lakh (down 100% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 92% over three years. 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹6.82 Lakh |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹99,816 |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹1.11 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -14.6% |
| 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 Mastermind Trade-In Private Limited, buy the company report.
Board of directors of Mastermind Trade-In Private Limited
Mastermind Trade-In has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aarti Puri Also directs: Nirman Stelco Private Limited | Additional Director | 25 Jul 2016 | 10 Years 3 Months | As last reported |
| Reshmi Phukan | Additional Director | 25 May 2016 | 10 Years 5 Months | As last reported |
Auditor
Mastermind Trade-In Private Limited is audited by T S K & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T S K & ASSOCIATES | FY 2015 | 026346N |
Shareholding
The shareholding of Mastermind Trade-In Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Mastermind Trade-In Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Sep 2012 | 10378850 | State Bank of India | ₹50 Cr | Open | |
| 01 Feb 2008 | 10088418 | Bank of Baroda | ₹6 Cr | Satisfied |
To see the full charge records of Mastermind Trade-In Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Mastermind Trade-In Private Limited has 11 court cases on record: 3 filed by Mastermind Trade-In, 8 filed against it. 5 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 3 |
| High courts | 4 | 1 | 2 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CO.PET.) | Filed against the company by Jetspeed Tradecom Private Limited | Disposed |
| District court, Central, Delhi | Court case (CBI) | Filed against the company by an individual | Pending |
| High Court of Delhi | Writ petition | Filed by the company against State Bank of India | Pending |
| District court, Central, Delhi | Revision petition | Filed against the company by an individual | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Directorate of Enforcement, Government of India | Pending |
To see the full case history of Mastermind Trade-In 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 Mastermind Trade-In Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mastermind Trade-In Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mastermind Trade-In Private Limited has 7 board changes on record since 2013: 2 appointments and 5 cessations. The latest: Aarti Puri was appointed as Additional Director on 25 Jul 2016.
2 earlier events are in the company report.
Frequently asked questions
Mastermind Trade-In is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Mastermind Trade-In is a company under liquidation, formerly operating as a private limited company based in Delhi, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 16 September 2006 and is registered under CIN U51109DL2006PTC153875. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mastermind Trade-In has 2 current directors:
- Aarti Puri - Additional Director
- Reshmi Phukan - Additional Director
The latest financial statements of Mastermind Trade-In on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 29 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mastermind Trade-In is U51109DL2006PTC153875. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mastermind Trade-In has open charges of ₹50 Cr and satisfied charges of ₹6 Cr as per latest MCA filings.
Mastermind Trade-In has 11 court cases on record: 3 filed by the company and 8 filed against it. 5 are pending. Most are in the district courts.
Mastermind Trade-In was incorporated on 16 September 2006. It is registered with the Registrar of Companies, Delhi.
Aarti Puri was appointed as Additional Director on 25 Jul 2016. Ashish Garg ceased to be Director on 25 Jul 2016. Aarti Puri ceased to be Additional Director on 25 May 2016. Mastermind Trade-In has 7 board changes on record in total.
The registered office of Mastermind Trade-In is at H.No. 113787 First Floor Bhagwanpur Khera Ramnagar Shahdara, Delhi, India – 110032.
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