Smart I Security and Automation Private Limited
About Smart I Security and Automation Private Limited
Data last updated:
Smart I Security and Automation Private Limited is a private limited company based in Palghar, Maharashtra, India, a subsidiary of Nisana Investrade Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 10 March 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2007PTC168610. The company has 7 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹30.5 Cr and a paid-up capital of ₹25.51 Cr. It was formerly known as Zicom Retail Products Private Limited and Zicom Global Security Private Limited. It is led by directors including Sudhir Dagdu Salvi and Sunil Suresh Mahale.
Its last annual general meeting (AGM) was held on 27 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at F – 26 1st Floor Top Class Enclave Bhoidapada Sativali Road Gokhiware Vasai (East), Palghar, Maharashtra, India – 401208.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.06 Lakh. For the same year it recorded a net loss of ₹3.56 Lakh (net margin -336.7%) and EBITDA of -₹4.62 Lakh (EBITDA margin -436.7%). Revenue has declined at a compounded annual rate (CAGR) of 85% over three years and 72% over five years.
As per MCA filings, the company has satisfied charges of ₹25 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it.
Company details
Name history
Smart I Security and Automation has undergone 2 name changes throughout its history. The company was previously known as Zicom Retail Products Private Limited, and Zicom Global Security Private Limited. The current legal name is Smart I Security And Automation Private Limited.
| Company Name | Status |
|---|---|
| Smart I Security and Automation Private Limited | Current |
| Zicom Retail Products Private Limited | Previous |
| Zicom Global Security Private Limited | Previous |
Contact details
Smart I Security and Automation Private Limited's registered office is in Palghar, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressF – 26 1st Floor Top Class Enclave Bhoidapada Sativali Road Gokhiware Vasai (East), Palghar, Maharashtra, India – 401208
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Smart I Security and Automation 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 Smart I Security and Automation Private Limited
FY 2019 filings availableSmart I Security and Automation Private Limited reported revenue of ₹1.06 Lakh for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 72% over five years. 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.06 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.62 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.56 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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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 | -436.7% | ||||
| Net Profit Margin | -336.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Smart I Security and Automation Private Limited, buy the company report.
Board of directors of Smart I Security and Automation Private Limited
Smart I Security and Automation has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhir Dagdu Salvi Also directs: Salvi Comptech Private Limited | Director | 11 Feb 2020 | 6 Years 8 Months | As last reported |
| Sunil Suresh Mahale | Director | 29 Oct 2010 | 15 Years 11 Months | As last reported |
| Bharti Manoj Daga | Irp/Rp/Liquidator | 02 Jan 2024 | 2 Years 9 Months | As last reported |
Auditor
Smart I Security and Automation Private Limited is audited by MITUL B SHAH & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MITUL B SHAH & ASSOCIATES | FY 2017 | 106462W |
Shareholding
The shareholding of Smart I Security and Automation Private 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 Smart I Security and Automation Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 May 2008 | 10106961 | Industrial Development Bank of India | ₹25 Cr | Satisfied |
To see the full charge records of Smart I Security and Automation Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Smart I Security and Automation Private Limited has 5 court cases on record: 3 filed by Smart I Security and Automation, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by individuals | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
| Bombay High Court | Appeal | Filed by the company | Disposed |
| Bombay High Court | Company petition | Filed by the company | Disposed |
To see the full case history of Smart I Security and Automation 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 Smart I Security and Automation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Smart I Security and Automation has 7 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 Smart I Security and Automation Private Limited, buy the company report.
Recent activity
Smart I Security and Automation Private Limited has 11 board changes on record since 2007: 3 appointments and 8 cessations. The latest: Bharti Manoj Daga was appointed as Irp/Rp/Liquidator on 02 Jan 2024.
5 earlier events are in the company report.
Frequently asked questions
Smart I Security and Automation is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Smart I Security and Automation is a company under insolvency, formerly operating as a private limited company based in Palghar, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 10 March 2007 and is registered under CIN U93090MH2007PTC168610. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Smart I Security and Automation has 3 current directors:
- Sudhir Dagdu Salvi - Director
- Sunil Suresh Mahale - Director
- Bharti Manoj Daga - Irp/Rp/Liquidator
The latest financial statements of Smart I Security and Automation on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 27 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Smart I Security and Automation is U93090MH2007PTC168610. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smart I Security and Automation has no open charges and satisfied charges of ₹25 Cr as per latest MCA filings.
Smart I Security and Automation has 5 court cases on record: 3 filed by the company and 2 filed against it. Most are in the high courts.
Smart I Security and Automation was incorporated on 10 March 2007. It is registered with the Registrar of Companies, Mumbai.
Bharti Manoj Daga was appointed as Irp/Rp/Liquidator on 02 Jan 2024. Elvina Oscar Dsouza ceased to be Director on 12 Feb 2020. Sudhir Dagdu Salvi was appointed as Director on 11 Feb 2020. Smart I Security and Automation has 11 board changes on record in total.
The registered office of Smart I Security and Automation is at F – 26 1st Floor Top Class Enclave Bhoidapada Sativali Road Gokhiware Vasai East, Palghar, Maharashtra, India – 401208.