Sincere Equity Services Pvt. Ltd.
About Sincere Equity Services Pvt. Ltd.
Data last updated:
Sincere Equity Services Pvt. Ltd. was a private limited company based in Baddi, Himachal Pradesh, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the brokerage and trading services segment of the financial services sector. It was incorporated on 05 August 1991.
The company was registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U51109HP1991PTC007040.
The company had an authorised share capital of ₹1.01 Cr and a paid-up capital of ₹82.01 Lakh. It was led by directors Mangala Prasad Upadhyay and Kumar Gaurav Mittal.
Its last annual general meeting (AGM) was held on 24 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Shop No.105 Block F Space 9 Bypass Road Opposite Truck Union, Baddi, Himachal Pradesh, India – 173205.
As per the financials filed for FY 2018, the company reported a revenue of ₹75.39 Lakh, a decline of 55% compared to the previous year. For the same year it recorded a net profit of ₹22.05 Lakh (net margin 29.3%) and EBITDA of ₹26.48 Lakh (EBITDA margin 35.1%).
As per MCA filings, the company had open charges of ₹7.13 Cr on record.
Company details
CIN history
Sincere Equity Services has one previous CIN (Corporate Identification Number): U51109WB1991PTC052590. The current CIN is U51109HP1991PTC007040, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109HP1991PTC007040 | Current |
| U51109WB1991PTC052590 | Previous |
Contact details
Sincere Equity Services Pvt. Ltd.'s registered office is in Baddi, Himachal Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No.105 Block F Space 9 Bypass Road Opposite Truck Union, Baddi, Himachal Pradesh, India – 173205
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Sincere Equity Services Pvt. Ltd., 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 Sincere Equity Services is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Sincere Equity Services Pvt. Ltd., buy the company report.
Financials of Sincere Equity Services Pvt. Ltd.
FY 2018 filings availableSincere Equity Services Pvt. Ltd. reported revenue of ₹75.39 Lakh (down 55% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 55% in the latest year. EBITDA fell 69% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹26.48 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹22.05 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 35.1% | |||
| Net Profit Margin | 29.3% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Sincere Equity Services Pvt. Ltd., buy the company report.
Board of directors of Sincere Equity Services Pvt. Ltd.
Sincere Equity Services 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 |
|---|---|---|---|---|
| Mangala Prasad Upadhyay Also directs: Premier Credit Capital Ltd. | Director | 05 May 2008 | 18 Years 6 Months | As last reported |
| Kumar Gaurav Mittal Also directs: Premier Sugar LLP, Star Applied Mechanics Private Limited, Aonla Distilleries Private Limited and 3 more | Director | 01 Jul 2013 | 13 Years 4 Months | As last reported |
Auditor
Sincere Equity Services Pvt. Ltd. is audited by Hari Bhushan & Associates for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Hari Bhushan & Associates | FY 2016 |
Shareholding
The shareholding of Sincere Equity Services Pvt. Ltd. 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 Sincere Equity Services Pvt. Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jan 2017 | 100084483 | Hdfc Bank Limited | ₹6 Cr | Open | |
| 16 Mar 2016 | 100025068 | Others | ₹1.13 Cr | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Sincere Equity Services Pvt. Ltd. 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 Sincere Equity Services Pvt. Ltd.; 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 Sincere Equity Services Pvt. Ltd.; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sincere Equity Services Pvt. Ltd. has 5 board changes on record since 2008: 2 appointments and 3 cessations. The latest: Vijaya Skutty ceased to be Director on 02 Jul 2013.
Frequently asked questions
Sincere Equity Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sincere Equity Services was a private limited company based in Baddi, Himachal Pradesh, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 05 August 1991 and is registered under CIN U51109HP1991PTC007040. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sincere Equity Services was incorporated on 05 August 1991. It is registered with the Registrar of Companies, Himachal Pradesh.
Sincere Equity Services had 2 directors:
- Mangala Prasad Upadhyay - Director
- Kumar Gaurav Mittal - Director
The CIN (Corporate Identification Number) of Sincere Equity Services is U51109HP1991PTC007040. 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 Sincere Equity Services is at Shop No.105 Block F Space 9 Bypass Road Opposite Truck Union, Baddi, Himachal Pradesh, India – 173205.
The latest financial statements of Sincere Equity Services on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 24 September 2018. Year-wise statements from 2015 are in the company report.
Sincere Equity Services operated in the financial services industry, in the brokerage and trading services segment.
Vijaya Skutty ceased to be Director on 02 Jul 2013. Kumar Gaurav Mittal was appointed as Director on 01 Jul 2013. Om Prakash Jha ceased to be Director on 16 Feb 2010. Sincere Equity Services has 5 board changes on record in total.
Sincere Equity Services has open charges of ₹7.13 Cr and no satisfied charges on record as per latest MCA filings.
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