About Minda Automotive Solutions Limited
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Minda Automotive Solutions Limited was a public limited company based in Delhi, India, operated as a subsidiary of Minda Corporation 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 automobile dealership and trading segment of the automotive sector. It was incorporated on 27 May 1985.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL1985PLC021049. The company has 10 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹28.03 Lakh. It was formerly known as Minda Autocare Limited. It was led by directors including Rakesh Kalra and Rakesh Jinsi.
Its last annual general meeting (AGM) was held on 25 July 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at A – 15 Ashok Vihar Phase – I, Delhi, India – 110052.
As per the financials filed for FY 2018, the company reported a revenue of ₹280.4 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹5.4 Cr (net margin 1.9%) and EBITDA of ₹9.8 Cr (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
The company was associated with 1 brand: Minda Automotive. As per MCA filings, the company had satisfied charges of ₹24.5 Lakh on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending.
The last known website on record is mindaasl.com.
Company details
Contact details
Minda Automotive Solutions Limited's registered office is in Delhi, Delhi. Its website is mindaasl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 15 Ashok Vihar Phase – I, Delhi, India – 110052
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Minda Automotive 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
Brands
Minda Automotive Solutions operates one associated brand: Minda Automotive. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An online platform for listing and selling aftermarket automotive parts. | mindaasl.com |
Business activity
The main business activity of Minda Automotive Solutions 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 Minda Automotive Solutions Limited, buy the company report.
Financials of Minda Automotive Solutions Limited
FY 2018 filings availableMinda Automotive Solutions Limited reported revenue of ₹280.4 Cr (up 11% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 11% growth in the latest year. EBITDA rose 38% 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 | ₹280.4 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹9.8 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5.4 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 3.5% | |||
| Net Profit Margin | 1.9% | |||
| 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 Minda Automotive Solutions Limited, buy the company report.
Board of directors of Minda Automotive Solutions Limited
Minda Automotive Solutions has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Kumar Modi Also directs: Minda Corporation Limited, Spark Minda Turntide Private Limited, Minda Infac Private Limited and 3 more | Additional Director | 01 Oct 2018 | 8 Years 0 Months | As last reported |
| Rakesh Kalra Also directs: Minda Instruments Limited, Accurate Gauging and Instruments Pvt Ltd, Spark Minda Green Mobility Systems Private Limited and 2 more | Director | 01 Apr 2014 | 12 Years 6 Months | As last reported |
| Rakesh Jinsi | Director | 11 Feb 2015 | 11 Years 8 Months | As last reported |
Auditor
Minda Automotive Solutions Limited is audited by B S R & Co. LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2018 | 101248W/W100022 |
Shareholding
The shareholding of Minda Automotive Solutions 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 Minda Automotive Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2009 | 10163953 | Canara Bank | ₹19 Lakh | Satisfied | |
| 06 Sep 2005 | 90332264 | Canara Bank | ₹5.5 Lakh | Satisfied |
To see the full charge records of Minda Automotive Solutions Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Minda Automotive Solutions Limited has 4 court cases on record: 1 filed by Minda Automotive Solutions, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Court case (OP MV) | Filed against the company by individuals | Pending |
| District court, Central, Delhi | Arbitration matter | Filed against the company by Mohit Walia (Prop) M/S New Auto King | Disposed |
| District court, West, Delhi | Execution petition | Filed by the company against an individual | Disposed |
| District court, Kamrup Metro, Assam | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Minda Automotive 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 Minda Automotive Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Minda Automotive Solutions has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Minda Automotive Solutions Limited, buy the company report.
Recent activity
Minda Automotive Solutions Limited has 16 board changes on record since 2007: 3 appointments and 13 cessations. The latest: Naresh Kumar Modi was appointed as Additional Director on 01 Oct 2018.
11 earlier events are in the company report.
Frequently asked questions
Minda Automotive Solutions 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.
Minda Automotive Solutions was a public limited company based in Delhi, India. The company worked in auto dealership and trading, within the automotive industry. It was incorporated on 27 May 1985 and is registered under CIN U51909DL1985PLC021049. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Minda Automotive Solutions was incorporated on 27 May 1985. It is registered with the Registrar of Companies, Delhi.
Minda Automotive Solutions had 3 directors:
- Naresh Kumar Modi - Additional Director
- Rakesh Kalra - Director
- Rakesh Jinsi - Director
The CIN (Corporate Identification Number) of Minda Automotive Solutions is U51909DL1985PLC021049. 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 Minda Automotive Solutions is at A – 15 Ashok Vihar Phase – I, Delhi, India – 110052.
Minda Automotive Solutions can be reached through the website mindaasl.com. Its registered office is in Delhi, India.
The latest financial statements of Minda Automotive Solutions on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 25 July 2018. Year-wise statements from 2015 are in the company report.
No. Minda Automotive Solutions has 10 GST registrations on record and all of them are cancelled or inactive.
Minda Automotive Solutions operated in the automotive industry, in the auto dealership and trading segment.