Safal Securities Limited
About Safal Securities Limited
Data last updated:
Safal Securities Limited is a public limited company based in Ahmedabad, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the retail trade segment of the trading and commerce sector. It was incorporated on 17 April 1995.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L67120GJ1995PLC025470. It is recorded as listed by MCA, but trading in its shares on BSE (531448) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Rajubhai Bababhai Desai and Mukeshbhai Babarbhai Desai.
Its last annual general meeting (AGM) was held on 30 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 9 Ankur Complex B/H. Town Hall Ellisbridge, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2019, the company reported a revenue of ₹25,320, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹56,541 (net margin -223.3%) and EBITDA of -₹56,541 (EBITDA margin -223.3%). Revenue has declined at a compounded annual rate (CAGR) of 89% over three years.
Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 120 deals on record (120 market trades); the latest was in January 2018.
Company details
CIN history
Safal Securities has one previous CIN (Corporate Identification Number): U67120GJ1995FLC025470. The current CIN is L67120GJ1995PLC025470, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120GJ1995PLC025470 | Current |
| U67120GJ1995FLC025470 | Previous |
Contact details
Safal Securities Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address9 Ankur Complex B/H. Town Hall Ellisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryTrading, Retailers, Retail Trading
To see the full contact details of Safal Securities 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 Safal Securities Limited
FY 2019 filings availableSafal Securities Limited reported revenue of ₹25,320 (down 93% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 89% over three years, including a 93% fall in the latest year. EBITDA rose 84% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹56,541 | ||||
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| Net Profit (PAT) | -₹56,541 | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -223.3% | ||||
| Net Profit Margin | -223.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Safal Securities Limited, buy the company report.
Board of directors of Safal Securities Limited
Safal Securities has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajubhai Bababhai Desai Also directs: Citizen Yarns Limited | Director | 23 Jul 2012 | 14 Years 3 Months | As last reported |
| Mukeshbhai Babarbhai Desai | Director | 27 Nov 2010 | 15 Years 11 Months | As last reported |
| Arunaben Nathabhai Ghanchi | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
| Kalpesh Anilbhai Malvi | Director | 15 Jan 2018 | 8 Years 9 Months | As last reported |
Auditor
Safal Securities Limited is audited by ARPIT SHAH & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARPIT SHAH & CO. | FY 2017 | 123004W |
Shareholding
The shareholding of Safal Securities 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 Safal Securities Limited, buy the company report.
Deals & funding
Safal Securities Limited has 120 deals on record (120 market trades); the latest was in January 2018.
Deals on record (5 of 120)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2017 | Market trade | ₹74.7 Lakh | Buyer: Sunayana Investment Company Ltd, Venera Property Private Limited , Realstep Agencies Private Limited Seller: 4 individuals |
| Feb 2017 | Market trade | ₹27.2 Lakh | Buyer: 4 individuals Seller: C H P Finance Pvt Ltd , 3 individuals |
| Jan 2017 | Market trade | ₹5.2 Lakh | Buyer: 2 individuals Seller: C H P Finance Pvt Ltd , an individual |
| Jan 2017 | Market trade | ₹8.7 Lakh | Buyer: 2 individuals Seller: C H P Finance Pvt Ltd , 2 individuals |
| Jul 2016 | Market trade | ₹16.4 Lakh | Buyer: NBN Fintrade Private Limited , 2 individuals Seller: NBN Fintrade Private Limited , 2 individuals |
To see the full deal history of Safal Securities Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Safal Securities Limited has 1 court case on record: 1 filed by Safal Securities. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against an individual | Pending |
To see the full case history of Safal Securities 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 Safal Securities 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 Safal Securities Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Safal Securities Limited has 16 board changes on record since 1995: 10 appointments and 6 cessations. The latest: Kalpesh Anilbhai Malvi was appointed as Director on 15 Jan 2018.
7 earlier events are in the company report.
Frequently asked questions
Safal Securities is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Safal Securities is a company under liquidation, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in retailers, within the trading industry. It was incorporated on 17 April 1995 and is registered under CIN L67120GJ1995PLC025470. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Safal Securities has 4 current directors:
- Rajubhai Bababhai Desai - Director
- Mukeshbhai Babarbhai Desai - Director
- Arunaben Nathabhai Ghanchi - Director
- Kalpesh Anilbhai Malvi - Director
The latest financial statements of Safal Securities on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 August 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Safal Securities is L67120GJ1995PLC025470. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Safal Securities is recorded as a listed company by MCA, but trading in its shares on BSE (531448) has been suspended, so they do not currently trade on a stock exchange.
Safal Securities has 1 court case on record: 1 filed by the company. 1 is pending.
Safal Securities was incorporated on 17 April 1995. It is registered with the Registrar of Companies, Ahmedabad.
Safal Securities has 120 deals on record (120 market trades); the latest was in January 2018.
Kalpesh Anilbhai Malvi was appointed as Director on 15 Jan 2018. Sanjaykumar Sevantilal Shah ceased to be Director on 15 Jan 2018. Arunaben Nathabhai Ghanchi was appointed as Director on 31 Mar 2015. Safal Securities has 16 board changes on record in total.
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