Spruce Trading Private Limited
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 The company has 1 GST registration on record, which is no longer active.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
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 AddressFlat No. 2898 Bldg. No. 67 1st Floor Gandhinagar Jalkiran Chs Ltd Bandra (Ea, St), Mumbai, Maharashtra, India – 400051
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Spruce Trading 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 Spruce Trading Private Limited
FY 2019 filings availableSpruce Trading Private Limited reported revenue of ₹47,106 (down 98% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹39.21 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.45 Cr | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Vasant Amrute | Director | 26 Nov 2014 | 11 Years 10 Months | As last reported |
| Parag Sakharam Nagam | Director | 26 Nov 2014 | 11 Years 10 Months | As last reported |
Auditor
Spruce Trading Private Limited is audited by YOGESH S THAKKAR & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| YOGESH S THAKKAR & ASSOCIATES | FY 2017 | 126179W |
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 category | FY 2017 | FY 2016 | FY 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
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Mar 2005 | 80007292 | Bnp Paribas | ₹3 Cr | Satisfied | |
| 09 Jul 2003 | 80011021 | Small Industries Development Bank of India | ₹7.5 Cr | Satisfied |
To see the full charge records of Spruce Trading Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Spruce Trading Private Limited has 7 court cases on record: 6 filed by Spruce Trading, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company against Net Work Telelink Private Limited and 1 other | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Net Work- Telelink Pvt Ltd | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra and 2 Ors. | Disposed |
| Bombay High Court | Commercial suit | Filed against the company by GTL Limited (Cin L40300mh1987plc045657) | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Spruce Trading 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 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.
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.
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:
- Rajesh Vasant Amrute - Director
- Parag Sakharam Nagam - Director
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.