About Mast Innovative Products Private Limited
Data last updated:
Mast Innovative Products Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 22 August 2006.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51103KA2006PTC040258. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹17.74 Lakh. It is led by directors Subramanian Parvathi and Dattaram Srichand Thondley.
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 113 17th A Cross 8th Main Malleshwaram, Bangalore, Karnataka, India – 560055.
As per the financials filed for FY 2016, the company reported a revenue of ₹10.39 Cr, a growth of 52% compared to the previous year. For the same year it recorded a net loss of ₹34.16 Lakh (net margin -3.3%) and EBITDA of ₹65.15 Lakh (EBITDA margin 6.3%).
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.1 Cr on record. Court records list 25 cases involving the company, including 3 filed by the company and 22 filed against it; 1 case is pending.
The last known website on record is rightturn.asia.
Company details
Contact details
Mast Innovative Products Private Limited's registered office is in Bangalore, Karnataka. Its website is rightturn.asia. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address113 17th A Cross 8th Main Malleshwaram, Bangalore, Karnataka, India – 560055
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Mast Innovative Products 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 Mast Innovative Products is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Mast Innovative Products Private Limited, buy the company report.
Financials of Mast Innovative Products Private Limited
FY 2016 filings availableMast Innovative Products Private Limited reported revenue of ₹10.39 Cr (up 52% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 52% in the latest year. EBITDA fell 9% 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 | ₹10.39 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹65.15 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹34.16 Lakh | |
| 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 | 6.3% | |
| Net Profit Margin | -3.3% | |
| 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 Mast Innovative Products Private Limited, buy the company report.
Board of directors of Mast Innovative Products Private Limited
Mast Innovative Products has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramanian Parvathi | Additional Director | 21 Jun 2017 | 9 Years 4 Months | As last reported |
| Dattaram Srichand Thondley | Additional Director | 20 Jun 2017 | 9 Years 4 Months | As last reported |
Auditor
Mast Innovative Products Private Limited is audited by MARUTHI & MOHANA for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MARUTHI & MOHANA | FY 2016 | 014330S |
Shareholding
The shareholding of Mast Innovative Products Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mast Innovative Products Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2010 | 10210259 | Canara Bank | ₹3.1 Cr | Open |
To see the full charge records of Mast Innovative Products Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Mast Innovative Products Private Limited has 25 court cases on record: 3 filed by Mast Innovative Products, 22 filed against it. 1 case is pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 21 | 1 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M S JKM Graphic Solutions Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed by the company against Ms JKM Graphic Solutions Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M S JKM Graphic Solutions Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Income Tax Officer | Disposed |
To see the full case history of Mast Innovative Products 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 Mast Innovative Products Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mast Innovative Products Private Limited has a workforce of 10 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Mast Innovative Products has 3 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 Mast Innovative Products Private Limited, buy the company report.
Recent activity
Mast Innovative Products Private Limited has 8 board changes on record since 2009: 2 appointments and 6 cessations. The latest: Harshith Rajendrakumar Patwari ceased to be Director on 26 Jun 2017.
1 earlier event is in the company report.
Frequently asked questions
Mast Innovative Products is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Mast Innovative Products is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 22 August 2006 and is registered under CIN U51103KA2006PTC040258. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mast Innovative Products has 2 current directors:
- Subramanian Parvathi - Additional Director
- Dattaram Srichand Thondley - Additional Director
The latest financial statements of Mast Innovative Products 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.
The CIN (Corporate Identification Number) of Mast Innovative Products is U51103KA2006PTC040258. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mast Innovative Products has open charges of ₹3.1 Cr and no satisfied charges on record as per latest MCA filings.
Mast Innovative Products has 25 court cases on record: 3 filed by the company and 22 filed against it. 1 is pending. Most are in the district courts.
Mast Innovative Products was incorporated on 22 August 2006. It is registered with the Registrar of Companies, Bangalore.
Harshith Rajendrakumar Patwari ceased to be Director on 26 Jun 2017. Sokalchand Mahendrakumar ceased to be Director on 26 Jun 2017. Subramanian Parvathi was appointed as Additional Director on 21 Jun 2017. Mast Innovative Products has 8 board changes on record in total.
Mast Innovative Products can be reached through the website rightturn.asia. Its registered office is in Bangalore, Karnataka, India.
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