About Sunpoint Trading Limited
Data last updated:
Sunpoint Trading Limited is a public limited company based in Ahmedabad, Gujarat, India. 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 non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 21 January 1988.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L46109GJ1988PLC010293. It is a listed company as per MCA records.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.03 Cr. It was formerly known as H. N. Investments Limited. It is led by directors including Parag Priyakant Shah (Managing Director) and Bhargavi Vijay Talati.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 3 Ravipushp Apartment B/S. Navneet House Memnagar, Ahmedabad, Gujarat, India – 380052.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.85 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net profit of ₹7.17 Lakh (net margin 2.5%) and EBITDA of ₹2.37 Cr (EBITDA margin 83.2%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
As per MCA filings, the company has satisfied charges of ₹60 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is sfgl.in.net.
Company details
CIN history
Sunpoint Trading has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L46109GJ1988PLC010293, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L46109GJ1988PLC010293 | Current |
| U65910GJ1988PLC010293 | Previous |
| L65910GJ1988PLC010293 | Previous |
Contact details
Sunpoint Trading Limited's registered office is in Ahmedabad, Gujarat. Its website is sfgl.in.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3 Ravipushp Apartment B/S. Navneet House Memnagar, Ahmedabad, Gujarat, India – 380052
- IndustryFinancial Services, NBFC
To see the full contact details of Sunpoint Trading 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
Business activity
The main business activity of Sunpoint Trading 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 Sunpoint Trading Limited, buy the company report.
Financials of Sunpoint Trading Limited
FY 2023 filings availableSunpoint Trading Limited reported revenue of ₹2.85 Cr (down 69% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 69% fall in the latest year. EBITDA fell 73% 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 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 | ₹2.85 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.17 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 83.2% | ||||
| Net Profit Margin | 2.5% | ||||
| 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 | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Sunpoint Trading Limited, buy the company report.
Board of directors of Sunpoint Trading Limited
Sunpoint Trading has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Priyakant Shah | Managing Director | 10 Jan 2000 | 26 Years 9 Months | As last reported |
| Bhargavi Vijay Talati Also directs: Shuchi Reality Private Limited | Director | 12 Aug 2017 | 9 Years 2 Months | As last reported |
| Paras Kamleshbhai Sharma | Director | 16 May 2014 | 12 Years 5 Months | As last reported |
| Binaben Pravinkumar Panchal | Director | 28 Oct 2021 | 4 Years 11 Months | As last reported |
Peer comparison
Sunpoint Trading Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zenith Credit Private Ltd. | ₹2.96 Cr (FY 2024) | -12.0% | Kolkata, West Bengal, India | |||
| Venture Finance & Development Corporation Limited. | ₹2.9 Cr (FY 2024) | 1153.0% | Hyderabad, Telangana, India | |||
| Sunpoint Trading Limitedthis company | ₹2.85 Cr (FY 2019) | ₹7.17 Lakh | 2.5% | -69.0% | Ahmedabad, Gujarat, India | |
| Oscar Investments Limited | ₹2.76 Cr (FY 2018) | -99.0% | New Delhi, Delhi, India | |||
| Pandinadu Finance Company Private Limited | ₹2.61 Cr (FY 2025) | 68.0% | Madurai, Tamil Nadu, India |
To see the full peer comparison of Sunpoint Trading Limited, buy the company report.
Auditor
Sunpoint Trading Limited is audited by Parikh and Amin Associates for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Parikh and Amin Associates | FY 2019 | 107520W |
Shareholding
The shareholding of Sunpoint Trading Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sunpoint Trading Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 May 2015 | 10574079 | Axis Finance Limited | ₹10 Cr | Satisfied | |
| 13 Feb 2015 | 10568015 | Aditya Birla Finance Limited | ₹10 Cr | Satisfied | |
| 28 Jan 2015 | 10568020 | Credit Suisse Finance (India) Private Limited | ₹25 Cr | Satisfied | |
| 05 Jan 2015 | 10563477 | Credit Suisse Finance (India) Private Limited | ₹15 Cr | Satisfied |
To see the full charge records of Sunpoint Trading Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Sunpoint Trading Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Jhaveri Trading and Investment Private Limited | Disposed |
To see the full case history of Sunpoint Trading 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 Sunpoint Trading Limited; 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 Sunpoint Trading Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sunpoint Trading Limited has 14 board changes on record since 2000: 9 appointments and 5 cessations. The latest: Raj Kishorbhai Kanani ceased to be Company Secretary on 01 Oct 2022.
13 earlier events are in the company report.
Frequently asked questions
Sunpoint Trading 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.
Sunpoint Trading is a company under insolvency, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in nbfc, within the financial services industry. It was incorporated on 21 January 1988 and is registered under CIN L46109GJ1988PLC010293. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sunpoint Trading has 4 current directors:
- Parag Priyakant Shah - Managing Director
- Bhargavi Vijay Talati - Director
- Paras Kamleshbhai Sharma - Director
- Binaben Pravinkumar Panchal - Director
The latest financial statements of Sunpoint Trading on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sunpoint Trading is L46109GJ1988PLC010293. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Sunpoint Trading is a listed company as per MCA records.
Sunpoint Trading has no open charges and satisfied charges of ₹60 Cr as per latest MCA filings.
Sunpoint Trading has 1 court case on record: 1 filed against it.
Sunpoint Trading was incorporated on 21 January 1988. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sunpoint Trading by revenue are Zenith Credit Private Ltd, Venture Finance & Development Corporation Limited, Oscar Investments Limited, Pandinadu Finance Company Private Limited, all in the BFSI industry (NBFC), with the same principal business activity (other financial activities).
Raj Kishorbhai Kanani ceased to be Company Secretary on 01 Oct 2022. Raj Kishorbhai Kanani was appointed as Company Secretary on 07 Jul 2022. Binaben Pravinkumar Panchal was appointed as Director on 28 Oct 2021. Sunpoint Trading has 14 board changes on record in total.