Mitter Finance Company Limited
About Mitter Finance Company Limited
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Mitter Finance Company Limited was a public limited company based in Ludhiana, Punjab, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 08 April 1994.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1994PLC014432. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹88 Lakh. It was led by directors including Babusingh Nathusingh Khatedia and Ajit Singh Baboo Singh Khatediya.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 4th Floor Kismat Complex Miller Ganj Vishkarma Chownk, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2017, the company reported a revenue of ₹6.77 Lakh, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹1,627 (net margin 0.2%) and EBITDA of ₹3,751 (EBITDA margin 0.6%).
Court records list 1 case involving the company, including 1 filed by the company.
Company details
CIN history
Mitter Finance Company has one previous CIN (Corporate Identification Number): L65921PB1994PLC014432. The current CIN is U65921PB1994PLC014432, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921PB1994PLC014432 | Current |
| L65921PB1994PLC014432 | Previous |
Contact details
Mitter Finance Company Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address4th Floor Kismat Complex Miller Ganj Vishkarma Chownk, Ludhiana, Punjab, India – 141003
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Mitter Finance Company 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 Mitter Finance Company is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Mitter Finance Company Limited, buy the company report.
Financials of Mitter Finance Company Limited
FY 2017 filings availableMitter Finance Company Limited reported revenue of ₹6.77 Lakh (down 27% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 27% in the latest year. EBITDA fell 95% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹3,751 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1,627 | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.6% | ||
| Net Profit Margin | 0.2% | ||
| 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 Mitter Finance Company Limited, buy the company report.
Board of directors of Mitter Finance Company Limited
Mitter Finance Company has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Babusingh Nathusingh Khatedia | Director | 13 Feb 2012 | 14 Years 9 Months | As last reported |
| Ajit Singh Baboo Singh Khatediya | Director | 30 Jan 2012 | 14 Years 9 Months | As last reported |
| Dakshaben Ajitsinh Khatedia Also directs: HVN Media and Entertainment India Private Limited | Director | 13 Feb 2012 | 14 Years 9 Months | As last reported |
Auditor
Mitter Finance Company Limited is audited by D. K. Khandelwal & Associates for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D. K. Khandelwal & Associates | FY 2015 |
Shareholding
The shareholding of Mitter Finance Company Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mitter Finance Company Limited, buy the company report.
Legal cases
Mitter Finance Company Limited has 1 court case on record: 1 filed by Mitter Finance Company. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Court case (CRR) | Filed by the company against an individual | Disposed |
To see the full case history of Mitter Finance Company 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 Mitter Finance Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mitter Finance Company 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 Mitter Finance Company Limited, buy the company report.
Recent activity
Mitter Finance Company Limited has 14 board changes on record since 2009: 3 appointments and 11 cessations. The latest: Ajit Singh Baboo Singh Khatediya ceased to be Additional Director on 13 Aug 2014.
5 earlier events are in the company report.
Frequently asked questions
Mitter Finance Company has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Mitter Finance Company was a public limited company based in Ludhiana, Punjab, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 08 April 1994 and is registered under CIN U65921PB1994PLC014432. The company has been struck off by the Registrar of Companies and is no longer operational.
Mitter Finance Company had 3 directors:
- Babusingh Nathusingh Khatedia - Director
- Ajit Singh Baboo Singh Khatediya - Director
- Dakshaben Ajitsinh Khatedia - Director
The CIN (Corporate Identification Number) of Mitter Finance Company is U65921PB1994PLC014432. 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 Mitter Finance Company is at 4th Floor Kismat Complex Miller Ganj Vishkarma Chownk, Ludhiana, Punjab, India – 141003.
Mitter Finance Company was incorporated on 08 April 1994. It is registered with the Registrar of Companies, Chandigarh.
The latest financial statements of Mitter Finance Company on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Mitter Finance Company has 1 GST registration on record and it is cancelled or inactive.
Mitter Finance Company operated in the financial services industry, in the diversified financial services segment. It worked in this industry before it was struck off.
Mitter Finance Company has 1 court case on record: 1 filed by the company.
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