Spruce Trading Private Limited

Spruce Trading Private Limited - information technology in Mumbai, Maharashtra, India. Directors, charges & compliance details.
CIN U74120MH2009PTC195064 Incorporated 19 August 2009 ROC Mumbai HQ Mumbai, Maharashtra, India
Dissolved Under Section 54 Private Limited Company information technology
Data last updated
Revenue · FY 2018
₹47,106
▼ 98% YoY
Net loss · FY 2018
₹2.45 Cr
Latest filing
EBITDA · FY 2018
-₹39.21 Lakh
Latest filing
Authorised capital
₹7.46 Cr
Registered with MCA
Paid-up capital
₹7.46 Cr
Issued & subscribed
Satisfied charges
₹10.5 Cr
No open charges
Company age
17 yrs
Est. 2009
Directors on board
2
As per MCA filings

About Spruce Trading Private Limited

Data last updated:

Spruce Trading Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 19 August 2009.

The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2009PTC195064. The company has 1 GST registration on record, which is no longer active.

The company had an authorised share capital of ₹7.46 Cr and a paid-up capital of ₹7.46 Cr. It was formerly known as Providence Multitrading Private Limited. It was led by directors Rajesh Vasant Amrute and Parag Sakharam Nagam.

Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Mumbai, Maharashtra.

As per the financials filed for FY 2018, the company reported a revenue of ₹47,106, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹2.45 Cr and EBITDA of -₹39.21 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 93% over three years.

As per MCA filings, the company had satisfied charges of ₹10.5 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it.

Company details

CIN U74120MH2009PTC195064
Registration Number 195064
Incorporation Date 19 August 2009
ROC Mumbai
Listing Status Unlisted
Company Status Dissolved Under Section 54
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Non-Compliant

Contact details

Spruce Trading Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Flat No. 2898 Bldg. No. 67 1st Floor Gandhinagar Jalkiran Chs Ltd Bandra (Ea, St), Mumbai, Maharashtra, India – 400051
  • Industry
    Information Technology, IT Products Retail & Distribution

To see the full contact details of Spruce Trading Private Limited, buy the company report.

Comprehensive company report
Spruce Trading Private Limited - one report that includes everything
  • 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
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Financials of Spruce Trading Private Limited

FY 2019 filings available

Spruce Trading Private Limited reported revenue of ₹47,106 (down 98% YoY) for FY 2018.

Revenue · FY 2018
₹47,106 ▼ 98%
Net loss · FY 2018
₹2.45 Cr
EBITDA · FY 2018
-₹39.21 Lakh

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 98%
3 years · compounded
▼ 93%
EBITDA CAGR growth
1 year
▲ 100%
3 years · compounded
▲ 71%

Revenue has declined at a compounded annual rate (CAGR) of 93% over three years, including a 98% fall in the latest year. EBITDA rose 100% 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

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
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-₹39.21 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹2.45 Cr
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

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin
Net Profit Margin
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 Spruce Trading Private Limited, buy the company report.

Board of directors of Spruce Trading Private Limited

Spruce Trading has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Rajesh Vasant AmruteDirector26 Nov 201411 Years 10 MonthsAs last reported
Parag Sakharam NagamDirector26 Nov 201411 Years 10 MonthsAs last reported

Auditor

Spruce Trading Private Limited is audited by YOGESH S THAKKAR & ASSOCIATES for the financial year 2017.

Auditor firmFinancial yearFirm registration number
YOGESH S THAKKAR & ASSOCIATESFY 2017126179W

Shareholding

The shareholding of Spruce Trading Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2017FY 2016FY 2015
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Spruce Trading Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹10.5 Cr
Breakdown by lending institutions
Small Industries Development Bank of India₹7.50 Cr
Bnp Paribas₹3.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 Mar 200580007292Bnp Paribas₹3 CrSatisfied
09 Jul 200380011021Small Industries Development Bank of India₹7.5 CrSatisfied

To see the full charge records of Spruce Trading Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Spruce Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Spruce Trading 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

To see the full GST registrations and return filing status of Spruce Trading Private Limited, buy the company report.

Recent activity

Spruce Trading Private Limited has 6 board changes on record since 2014: 2 appointments and 4 cessations. The latest: Parag Sakharam Nagam ceased to be Additional Director on 30 Dec 2014.

AGM
Spruce Trading Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Filing
Spruce Trading Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Mumbai.
Ceased
Parag Sakharam Nagam ceased to be Additional Director.
Ceased
Rajesh Vasant Amrute ceased to be Additional Director.
Ceased
Kizhakkeveetil Prakasan ceased to be Director.
Ceased
Shrinath Chaturvedi ceased to be Director.
Appointed
Parag Sakharam Nagam was appointed as Director.
Appointed
Rajesh Vasant Amrute was appointed as Director.
Charges
A charge registered on 09 Jul 2003 via Charge ID 80011021 with Small Industries Development Bank Of India was fully satisfied on 29 Aug 2006.
Charges
A charge registered on 14 Mar 2005 via Charge ID 80007292 with Bnp Paribas was fully satisfied on 20 Jul 2006.
Charges
A charge with Bnp Paribas amounted to Rs. 3.00 Cr with Charge ID 80007292 was registered on 14 Mar 2005.
Charges
A charge with Small Industries Development Bank Of India amounted to Rs. 7.50 Cr with Charge ID 80011021 was registered on 09 Jul 2003.

1 earlier event is in the company report.

Frequently asked questions

Spruce Trading has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.

Spruce Trading was a private limited company based in Mumbai, Maharashtra, India. The company worked in IT products retail and distribution, within the information technology industry. It was incorporated on 19 August 2009 and is registered under CIN U74120MH2009PTC195064. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.

Spruce Trading was incorporated on 19 August 2009. It is registered with the Registrar of Companies, Mumbai.

Spruce Trading had 2 directors:

The CIN (Corporate Identification Number) of Spruce Trading is U74120MH2009PTC195064. 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 Spruce Trading is at Flat No. 2898 Bldg. No. 67 1st Floor Gandhinagar Jalkiran Chs Ltd Bandra Ea, St, Mumbai, Maharashtra, India – 400051.

The latest financial statements of Spruce Trading on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.

No. Spruce Trading has 1 GST registration on record and it is cancelled or inactive.

Spruce Trading operated in the information technology industry, in the IT products retail and distribution segment.

Spruce Trading has 7 court cases on record: 6 filed by the company and 1 filed against it. Most are in the high courts.