Mountain Chits Private Limited
About Mountain Chits Private Limited
Data last updated:
Mountain Chits Private Limited was a private limited company based in Delhi, 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 financial services and investment segment of the financial services sector. It was incorporated on 12 October 1993.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1993PTC055609.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.4 Lakh. It was led by directors Ajayakumar Thanakappan Pillay and Mercy Michael.
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 B – 20 – Cjoshi Colony Mandawali Fazalpur, Delhi, India – 110092.
As per the financials filed for FY 2017, the company reported a revenue of ₹23,104, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹11,005 (net margin -47.6%) and EBITDA of -₹11,005 (EBITDA margin -47.6%).
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Company details
Contact details
Mountain Chits Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 20 – Cjoshi Colony Mandawali Fazalpur, Delhi, India – 110092
- IndustryFinancial Services, Financial Activities
To see the full contact details of Mountain Chits 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
Business activity
The main business activity of Mountain Chits 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 Mountain Chits Private Limited, buy the company report.
Financials of Mountain Chits Private Limited
FY 2017 filings availableMountain Chits Private Limited reported revenue of ₹23,104 (up 15% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15% in the latest year. EBITDA fell 59% 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 | ₹23,104 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹11,005 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹11,005 | ||
| 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 | -47.6% | ||
| Net Profit Margin | -47.6% | ||
| 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 Mountain Chits Private Limited, buy the company report.
Board of directors of Mountain Chits Private Limited
Mountain Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mercy Michael | Additional Director | 01 Dec 2006 | 19 Years 10 Months | As last reported |
| Ajayakumar Thanakappan Pillay | Director | 12 Oct 1993 | 33 Years 0 Months | As last reported |
Peer comparison
Mountain Chits Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Empower Nidhi Limited | ₹23,200 (FY 2017) | Pudukkottai, Tamil Nadu, India | ||||
| Danapati Construction Private Limited | ₹23,200 (FY 2017) | Kolkata, West Bengal, India | ||||
| Dhanlakshya Magadh Nidhi Limited | ₹23,184 (FY 2020) | Patna, Bihar, India | ||||
| Bipasha Vyapaar Private Limited | ₹23,180 (FY 2016) | 90.0% | Kolkata, West Bengal, India | |||
| Just Unite Foundation | ₹23,110 (FY 2022) | 16.0% | Varanasi, Uttar Pradesh, India | |||
| Mountain Chits Private Limitedthis company | ₹23,104 (FY 2017) | -₹11,005 | -47.6% | 15.0% | Delhi, India | |
| Yadhukulam Chits Private Limited | ₹23,102 (FY 2025) | 20168.0% | Kozhikode, Kerala, India | |||
| Right Choice Vinimay Pvt Ltd | ₹23,050 (FY 2016) | 13.0% | Kolkata, West Bengal, India | |||
| Richwell Financiers Limited | ₹23,003 (FY 2021) | Paota, Rajasthan, India | ||||
| Movefast Corporate Services Private Limited | ₹23,001 (FY 2016) | 77.0% | Mumbai, Maharashtra, India | |||
| Kavalayil Chit Private Limited | ₹23,000 (FY 2019) | -8.0% | Elamannoor, Kerala, India |
To see the full peer comparison of Mountain Chits Private Limited, buy the company report.
Auditor
Mountain Chits Private Limited is audited by PAWANKUMARAGGARWAL for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PAWANKUMARAGGARWAL | FY 2017 | 081870 |
Shareholding
The shareholding of Mountain Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mountain Chits Private Limited, buy the company report.
Legal cases
Mountain Chits Private Limited has 2 court cases on record: 1 filed by Mountain Chits, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Court case (CR Cases) | Filed against the company by an individual | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against The Registrar of Chit Funds | Disposed |
To see the full case history of Mountain Chits 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 Mountain Chits 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 Mountain Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mountain Chits Private Limited has 2 board changes on record since 1993: 2 appointments. The latest: Mercy Michael was appointed as Additional Director on 01 Dec 2006.
Frequently asked questions
Mountain Chits 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.
Mountain Chits was a private limited company based in Delhi, India. The company worked in financial activities, within the financial services industry. It was incorporated on 12 October 1993 and is registered under CIN U74899DL1993PTC055609. The company has been struck off by the Registrar of Companies and is no longer operational.
Mountain Chits had 2 directors:
- Mercy Michael - Additional Director
- Ajayakumar Thanakappan Pillay - Director
The CIN (Corporate Identification Number) of Mountain Chits is U74899DL1993PTC055609. 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 Mountain Chits is at B – 20 – Cjoshi Colony Mandawali Fazalpur, Delhi, India – 110092.
Mountain Chits was incorporated on 12 October 1993. It is registered with the Registrar of Companies, Delhi.
The latest financial statements of Mountain Chits 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.
Mountain Chits operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Mountain Chits by revenue are Empower Nidhi Limited, Danapati Construction Private Limited, Dhanlakshya Magadh Nidhi Limited, Bipasha Vyapaar Private Limited, Just Unite Foundation and 5 more, all in the same principal business activity (other financial activities).
Mountain Chits has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Mercy Michael was appointed as Additional Director on 01 Dec 2006. Ajayakumar Thanakappan Pillay was appointed as Director on 12 Oct 1993.