Multiwaves IT Solutions Private Limited
About Multiwaves IT Solutions Private Limited
Data last updated:
Multiwaves IT Solutions Private Limited was a private limited company based in Ghaziabad, Uttar Pradesh, 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 textile segment of the apparel and fashion sector. It was incorporated on 19 May 2010.
The company was registered with the Registrar of Companies (ROC), Kanpur, under CIN U72100UP2010PTC040682.
The company had an authorised share capital of ₹10.52 Lakh and a paid-up capital of ₹10.52 Lakh. It was formerly known as Arjan Retails Private Limited. It was led by directors including Irfan Saifi and Sunita Kumari.
Its last annual general meeting (AGM) was held on 16 June 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Shop No 301 C 102 3rd Floor Near Sugandh Sweets Rdc Raj Nagar, Ghaziabad, Uttar Pradesh, India – 201002.
As per the financials filed for FY 2015, the company reported a revenue of ₹1.95 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹23,520 (net margin -12%) and EBITDA of -₹23,240 (EBITDA margin -11.9%). Revenue has declined at a compounded annual rate (CAGR) of 58% over three years.
As per MCA filings, the company had satisfied charges of ₹37 Lakh on record.
Company details
CIN history
Multiwaves IT Solutions has one previous CIN (Corporate Identification Number): U74900UP2010PTC040682. The current CIN is U72100UP2010PTC040682, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100UP2010PTC040682 | Current |
| U74900UP2010PTC040682 | Previous |
Contact details
Multiwaves IT Solutions Private Limited's registered office is in Ghaziabad, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No 301 C 102 3rd Floor Near Sugandh Sweets Rdc Raj Nagar, Ghaziabad, Uttar Pradesh, India – 201002
- IndustryAppreal & Fashion, Textile, Branded Wear, Leather
To see the full contact details of Multiwaves IT 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
Financials of Multiwaves IT Solutions Private Limited
FY 2016 filings availableMultiwaves IT Solutions Private Limited reported revenue of ₹1.95 Lakh (down 95% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 58% over three years, including a 95% fall 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹1.95 Lakh |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹23,240 |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹23,520 |
| 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -11.9% |
| Net Profit Margin | -12% |
| 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 Multiwaves IT Solutions Private Limited, buy the company report.
Board of directors of Multiwaves IT Solutions Private Limited
Multiwaves IT Solutions has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Irfan Saifi | Director | 16 Jun 2016 | 10 Years 4 Months | As last reported |
| Sunita Kumari | Director | 17 Aug 2017 | 9 Years 2 Months | As last reported |
| Rohtas Kumar | Director | 17 Aug 2017 | 9 Years 2 Months | As last reported |
Auditor
Multiwaves IT Solutions Private Limited is audited by S. S. Gelda & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. S. Gelda & Co. | FY 2015 |
Shareholding
The shareholding of Multiwaves IT Solutions Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Multiwaves IT Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2010 | 10233195 | Oriental Bank of Commerce | ₹37 Lakh | Satisfied |
To see the full charge records of Multiwaves IT Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Multiwaves IT Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Multiwaves IT Solutions 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 Multiwaves IT Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Multiwaves IT Solutions Private Limited has 7 board changes on record since 2016: 3 appointments and 4 cessations. The latest: Mohd Imran Saifi ceased to be Director on 28 Sep 2017.
Frequently asked questions
Multiwaves IT Solutions 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.
Multiwaves IT Solutions was a private limited company based in Ghaziabad, Uttar Pradesh, India. The company worked in textile, within the apparel and fashion industry. It was incorporated on 19 May 2010 and is registered under CIN U72100UP2010PTC040682. The company has been struck off by the Registrar of Companies and is no longer operational.
Multiwaves IT Solutions had 3 directors:
- Irfan Saifi - Director
- Sunita Kumari - Director
- Rohtas Kumar - Director
The CIN (Corporate Identification Number) of Multiwaves IT Solutions is U72100UP2010PTC040682. 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 Multiwaves IT Solutions is at Shop No 301 C 102 3rd Floor Near Sugandh Sweets Rdc Raj Nagar, Ghaziabad, Uttar Pradesh, India – 201002.
Multiwaves IT Solutions was incorporated on 19 May 2010. It is registered with the Registrar of Companies, Kanpur.
The latest financial statements of Multiwaves IT Solutions on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 16 June 2016. Year-wise statements from 2015 are in the company report.
Multiwaves IT Solutions operated in the apparel and fashion industry, in the textile segment. It worked in this industry before it was struck off.
Mohd Imran Saifi ceased to be Director on 28 Sep 2017. Rohtas Kumar was appointed as Director on 17 Aug 2017. Sunita Kumari was appointed as Director on 17 Aug 2017. Multiwaves IT Solutions has 7 board changes on record in total.
Multiwaves IT Solutions has no open charges and satisfied charges of ₹37 Lakh as per latest MCA filings.