Simar Hire Purchase Limited

Simar Hire Purchase Limited - financial services in Jalandhar, Punjab, India. FY 2026 financials & compliance.
CIN U65921PB1996PLC018496 Incorporated 12 July 1996 ROC Chandigarh HQ Jalandhar, Punjab, India
Active Public Limited Company financial services MSME · Micro
Data last updated
Revenue · FY 2024
₹51.61 Lakh
▼ 23% YoY
Net profit · FY 2024
₹97,317
Net margin 1.9%
EBITDA · FY 2024
₹6.95 Lakh
EBITDA margin 13.5%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹80 Lakh
Secured borrowings
Company age
30 yrs
Est. 1996
Directors on board
3
As per MCA filings

About Simar Hire Purchase Limited

Data last updated:

Simar Hire Purchase Limited is a public limited company based in Jalandhar, Punjab, India. It operates in the asset financing companies segment of the financial services sector. It was incorporated on 12 July 1996 and has been in existence for over 30 years.

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1996PLC018496. The company has 1 GST registration on record, which is no longer active.

The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Deepak Bali (Managing Director) and Sonia Bali.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 18 Gujrat Complexist Floor Jyoti Chowk, Jalandhar, Punjab, India.

As per the financials filed for FY 2024, the company reported a revenue of ₹51.61 Lakh, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹97,317 (net margin 1.9%) and EBITDA of ₹6.95 Lakh (EBITDA margin 13.5%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 9% over five years.

As per MCA filings, the company has open charges of ₹80 Lakh on record. Court records list 28 cases involving the company, including 23 filed by the company and 5 filed against it.

Simar Hire Purchase Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-10-0022359). The current compliance status is marked as compliant by the Registrar of Companies.

Company Details of Simar Hire Purchase Limited
CIN U65921PB1996PLC018496
Registration Number 018496
Incorporation Date 12 July 1996
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-PB-10-0022359

CIN History of Simar Hire Purchase Limited

Simar Hire Purchase has one previous CIN (Corporate Identification Number): U65921PB1996PTC018496. The current CIN is U65921PB1996PLC018496, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U65921PB1996PLC018496Current
U65921PB1996PTC018496Previous
Key People
Deepak Bali Managing Director Sonia Bali Director Dharm Paul Bali Director

Recognitions & Rankings of Simar Hire Purchase

MSME (Udyam registered) Ministry of MSME
Category
Micro (2022-23)
Udyam number
UDYAM-PB-10-0022359
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    18 Gujrat Complexist Floor Jyoti Chowk, Jalandhar, Punjab, India
  • Industry
    Financial Services, Asset Financing Companies, Investment & Credit NBFC, NBFC
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Financials, compliance, directors, charges, ownership and filings for Simar Hire Purchase Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Simar Hire Purchase Limited

The main business activity of Simar Hire Purchase is financial and insurance service. In detail, this covers financial and credit leasing activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
KFinancial and insurance ServiceK5Financial and Credit leasing activitiesLocked
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Financials of Simar Hire Purchase Limited FY 2024 filings available

Simar Hire Purchase Limited reported revenue of ₹51.61 Lakh (down 23% YoY) for FY 2024.

Revenue · FY 2024
₹51.61 Lakh ▼ 23%
Net profit · FY 2024
₹97,317 margin 1.9%
EBITDA · FY 2024
₹6.95 Lakh margin 13.5%

Compounded Annual Growth Rate (CAGR) of Simar Hire Purchase Limited

Revenue CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 15%
5 years · compounded
▼ 9%
EBITDA CAGR growth
1 year
▲ 184%
3 years · compounded
▼ 7%
5 years · compounded
▼ 19%

Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 23% fall in the latest year. EBITDA rose 184% 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 of Simar Hire Purchase Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue••••••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹6.95 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹97,317••••••••••••••••
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 of Simar Hire Purchase Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin13.5%••••••••••••••••
Net Profit Margin1.9%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Simar Hire Purchase are in the company report.

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Financial statements from 2015

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Board of Directors of Simar Hire Purchase Limited

Simar Hire Purchase has 3 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Deepak Bali
Also directs: Sukh Sampda Nidhi Limited, Plasma Records Entertainment Private Limited, Phonographic Digital Limited
Managing Director12 Jul 199630 Years 3 MonthsCurrent
Sonia Bali
Also directs: Sukh Sampda Nidhi Limited, Plasma Records Entertainment Private Limited
Director02 Jan 200620 Years 9 MonthsCurrent
Dharm Paul BaliDirector31 Jul 200422 Years 2 MonthsCurrent
View all directors

Peer Comparison of Simar Hire Purchase Limited

Simar Hire Purchase Limited is compared with the companies closest to it by revenue in the BFSI industry (Asset Financing Companies, NBFC Investment and Credit Companies, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Mathruka Leasing and Hire Purchase Company Private Limited₹51.71 Lakh (FY 2024)••••••••78.0%••••Thrissur, Kerala, India
Stellar Investments Limited₹51.7 Lakh (FY 2024)••••••••••••New Delhi, Delhi, India
Mangalam Barter Private Limited₹51.69 Lakh (FY 2025)••••••••2.0%••••Kolkata, West Bengal, India
Budh Holdings and Trading Co Pvt Ltd₹51.63 Lakh (FY 2025)••••••••21.0%••••Mumbai, Maharashtra, India
Upkar Leasing and Finance Company Private Limited₹51.63 Lakh (FY 2025)••••••••19.0%••••Mumbai, Maharashtra, India
Simar Hire Purchase Limited this company₹51.61 Lakh (FY 2024)••••••••-23.0%••••Jalandhar, Punjab, India
Ganesh Finstock Private Limited₹51.59 Lakh (FY 2025)••••••••16.0%••••Porbandar, Gujarat, India
Clara Vinimoy Pvt Ltd₹51.53 Lakh (FY 2025)••••••••104.0%••••Kolkata, West Bengal, India
Khavda Finance Limited₹51.52 Lakh (FY 2025)••••••••35.0%••••Gandhidham, Gujarat, India
R.A. Trading Pvt Ltd.₹51.51 Lakh (FY 2025)••••••••-28.0%••••Kolkata, West Bengal, India
Hallmark Commerce Pvt Ltd₹51.48 Lakh (FY 2024)••••••••95.0%••••Kolkata, West Bengal, India

Peers are the five companies nearest above and the five nearest below Simar Hire Purchase by revenue in the BFSI industry (Asset Financing Companies, NBFC Investment and Credit Companies, Small Non Deposit NBFC), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Simar Hire Purchase Limited

Simar Hire Purchase Limited is audited by ARUN MALHOTRA & CO for the financial year 2018.

NameStatusAppointment DateCessation Date
ARUN MALHOTRA & COLockedLockedLocked
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Ownership and Shareholding of Simar Hire Purchase Limited

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Charges & Borrowings of Simar Hire Purchase Limited

Open charges
₹80 Lakh
Satisfied charges
None
Breakdown by lending institutions
Oriental Bank of Commerce₹0.45 Cr
Others₹0.35 Cr
Latest charge details
DateLenderAmountStatus
26 Jun 2019Others₹20 LakhOpen
27 Mar 2019Others₹15 LakhOpen
22 Feb 2011Oriental Bank of Commerce₹45 LakhOpen

Total charge records: 3 View all charges

Employees and EPFO Compliance at Simar Hire Purchase Limited

Employment history and EPFO contributions of people linked to Simar Hire Purchase.

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Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Simar Hire Purchase Limited

Simar Hire Purchase Limited has 3 board changes on record since 1996: 3 appointments. The latest: Sonia Bali was appointed as Director on 02 Jan 2006.

AGM
Simar Hire Purchase Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Simar Hire Purchase Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 100280445 was registered on 26 Jun 2019.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 100254006 was registered on 27 Mar 2019.
Charges
A charge with Oriental Bank Of Commerce amounted to Rs. 0.45 Cr with Charge ID 10271547 was registered on 22 Feb 2011.
Appointed
Sonia Bali was appointed as Director.
Appointed
Dharm Paul Bali was appointed as Director.
Appointed
Deepak Bali was appointed as Managing Director.
Incorporation
12 Jul 1996
Simar Hire Purchase Limited was registered on 12 Jul 1996 with Roc Chandigarh & aged 30 years 3 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Simar Hire Purchase Limited

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MSME Payment Delays by Simar Hire Purchase Limited

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Subsidiaries & Group Companies of Simar Hire Purchase Limited

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GST Compliance of Simar Hire Purchase Limited

Simar Hire Purchase has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1
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MCA Filings & Documents of Simar Hire Purchase Limited

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Frequently Asked Questions about Simar Hire Purchase Limited

Simar Hire Purchase is an active public limited company based in Jalandhar, Punjab, India. The company works in asset financing companies, within the financial services industry. It was incorporated on 12 July 1996 (30+ years old) and is registered under CIN U65921PB1996PLC018496.

Simar Hire Purchase reported revenue of ₹51.61 Lakh for FY 2024 (down 23% YoY).

Simar Hire Purchase has 3 current directors:

Simar Hire Purchase reported a net profit of ₹97,317 (net margin 1.9%) and EBITDA of ₹6.95 Lakh (EBITDA margin 13.5%) for FY 2024, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Simar Hire Purchase is 15% over three years and -9% over five years. In the latest year (FY 2024) revenue fell 23%. CAGR is the steady yearly rate that links the first and the last year.

No. Simar Hire Purchase has 1 GST registration on record and it is cancelled or inactive.

The CIN (Corporate Identification Number) of Simar Hire Purchase is U65921PB1996PLC018496. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Simar Hire Purchase has 28 court cases on record: 23 filed by the company and 5 filed against it.

Simar Hire Purchase was incorporated on 12 July 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chandigarh.

The peers of Simar Hire Purchase by revenue are Mathruka Leasing and Hire Purchase Company Private Limited, Stellar Investments Limited, Mangalam Barter Private Limited, Budh Holdings and Trading Co Pvt Ltd, Upkar Leasing and Finance Company Private Limited and 5 more, all in the BFSI industry (Asset Financing Companies, NBFC Investment and Credit Companies, Small Non Deposit NBFC).

Sonia Bali was appointed as Director on 02 Jan 2006. Dharm Paul Bali was appointed as Director on 31 Jul 2004. Deepak Bali was appointed as Managing Director on 12 Jul 1996.

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