Spot Free Solutions Private Limited
About Spot Free Solutions Private Limited
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Spot Free Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 29 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U50102KA2011PTC061422. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Mohan Kambeyanda Nanaiah (Managing Director) and Shashi Kumar Kambeyanda Nanaiah.
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 is at No.22 100 Feet Road Dodda Banaswadi, Bangalore, Karnataka, India – 560043.
As per the financials filed for FY 2017, the company reported a revenue of ₹80.35 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹81.87 Lakh (net margin -101.9%) and EBITDA of -₹22.63 Lakh (EBITDA margin -28.2%).
The company has about 8 employees on its provident fund (EPFO) records.
Court records list 34 cases involving the company, including 6 filed by the company and 28 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Spot Free Solutions Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo.22 100 Feet Road Dodda Banaswadi, Bangalore, Karnataka, India – 560043
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Spot Free Solutions 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 Spot Free Solutions is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Spot Free Solutions Private Limited, buy the company report.
Financials of Spot Free Solutions Private Limited
FY 2017 filings availableSpot Free Solutions Private Limited reported revenue of ₹80.35 Lakh (down 93% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 93% in the latest year. EBITDA fell 120% 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 | ₹80.35 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹22.63 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹81.87 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -28.2% | ||
| Net Profit Margin | -101.9% | ||
| 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 Spot Free Solutions Private Limited, buy the company report.
Board of directors of Spot Free Solutions Private Limited
Spot Free Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Kambeyanda Nanaiah Also directs: Manjunatha Automotives Private Limited | Managing Director | 29 Nov 2011 | 14 Years 11 Months | Current |
| Shashi Kumar Kambeyanda Nanaiah Also directs: Mark Pluss Ventures Private Limited | Director | 23 Apr 2015 | 11 Years 6 Months | Current |
Auditor
Spot Free Solutions Private Limited is audited by ARUN S R AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARUN S R AND ASSOCIATES | FY 2017 | 014075S |
Shareholding
The shareholding of Spot Free Solutions Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Spot Free Solutions Private Limited, buy the company report.
Legal cases
Spot Free Solutions Private Limited has 34 court cases on record: 6 filed by Spot Free Solutions, 28 filed against it. 2 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 26 | 2 |
| High courts | 4 | 2 | 0 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S SLV Developers Private Limited | Pending |
| High Court | Court case (CARAP) | Filed against the company by Aditya Birla Finance Limited | Disposed |
| High Court | Writ petition | Filed against the company by Aditya Birla Finance Limited | Disposed |
| High Court, KARNATAKA | Writ petition | Filed by the company against M/S SLV Developers Private Limited and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by M/S SLV Developers Private Limited | Disposed |
To see the full case history of Spot Free Solutions 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 Spot Free Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spot Free Solutions has 2 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 Spot Free Solutions Private Limited, buy the company report.
Recent activity
Spot Free Solutions Private Limited has 5 board changes on record since 2011: 2 appointments and 3 cessations. The latest: Kambeyanda Mamatha Mohan ceased to be Additional Director on 01 Sep 2015.
Frequently asked questions
Spot Free Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 29 November 2011 (15+ years old) and is registered under CIN U50102KA2011PTC061422.
Spot Free Solutions has 2 current directors:
- Mohan Kambeyanda Nanaiah - Managing Director
- Shashi Kumar Kambeyanda Nanaiah - Director
The latest financial statements of Spot Free Solutions 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. Spot Free Solutions has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Spot Free Solutions is U50102KA2011PTC061422. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spot Free Solutions has 34 court cases on record: 6 filed by the company and 28 filed against it. 2 are pending. Most are in the district courts.
Spot Free Solutions was incorporated on 29 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Kambeyanda Mamatha Mohan ceased to be Additional Director on 01 Sep 2015. Shashi Kumar Kambeyanda Nanaiah was appointed as Director on 23 Apr 2015. Mohan Kambeyanda Nanaiah ceased to be Director on 06 Feb 2015. Spot Free Solutions has 5 board changes on record in total.
The registered office of Spot Free Solutions is at No.22 100 Feet Road Dodda Banaswadi, Bangalore, Karnataka, India – 560043.
Spot Free Solutions operates in the automotive industry, in the auto dealership and trading segment.
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