Swaran Finance Limited
About Swaran Finance Limited
Data last updated:
Swaran Finance Limited was a public limited company based in Malerkotla, Punjab, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 06 April 1966.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1966PLC002638. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2.15 Cr and a paid-up capital of ₹1.78 Cr. It was formerly known as Swaran Finance Private Limited. It was led by directors including Manish Kaushal and Amit Verma.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at The Mall 2nd Floor (Above Bank Of Baroda) Opp Sdm Kothi, Malerkotla, Punjab, India – 148023.
As per the financials filed for FY 2017, the company reported a revenue of ₹17.31 Lakh, a growth of 56% compared to the previous year. For the same year it recorded a net profit of ₹1.47 Lakh (net margin 8.5%) and EBITDA of ₹3.02 Lakh (EBITDA margin 17.4%).
Court records list 3 cases involving the company, including 3 filed against it.
Company details
CIN history
Swaran Finance has one previous CIN (Corporate Identification Number): L65921PB1966PLC002638. The current CIN is U65921PB1966PLC002638, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921PB1966PLC002638 | Current |
| L65921PB1966PLC002638 | Previous |
Contact details
Swaran Finance Limited's registered office is in Malerkotla, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressThe Mall 2nd Floor (Above Bank Of Baroda) Opp Sdm Kothi, Malerkotla, Punjab, India – 148023
- IndustryFinancial Services, NBFC
To see the full contact details of Swaran Finance 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 Swaran Finance 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 Swaran Finance Limited, buy the company report.
Financials of Swaran Finance Limited
FY 2017 filings availableSwaran Finance Limited reported revenue of ₹17.31 Lakh (up 56% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 56% in the latest year. EBITDA rose 60% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹17.31 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹3.02 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.47 Lakh | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 17.4% | ||
| Net Profit Margin | 8.5% | ||
| 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 Swaran Finance Limited, buy the company report.
Board of directors of Swaran Finance Limited
Swaran Finance has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Kaushal | Director | 31 Aug 2015 | 11 Years 2 Months | As last reported |
| Amit Verma Also directs: Kenteen Wide Private Limited | Director | 23 Jun 2015 | 11 Years 4 Months | As last reported |
| Pravendra Kumar Upadhaya | Director | 23 Jun 2015 | 11 Years 4 Months | As last reported |
| Gyanesh Pathak Also directs: Swaran Quality Agrotech Private Limited, Sci Microfinance | Director | 20 Feb 2015 | 11 Years 8 Months | As last reported |
Auditor
Swaran Finance Limited is audited by ASHISH MAHAJAN & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHISH MAHAJAN & ASSOCIATES | FY 2017 | 014743N |
Shareholding
The shareholding of Swaran Finance 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 Swaran Finance Limited, buy the company report.
Legal cases
Swaran Finance Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| High Court, PUNJAB | Court case (CRR) | Filed against the company by an individual | Disposed |
| District court, Jalandhar, Punjab | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Swaran Finance 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 Swaran Finance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Swaran Finance 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 Swaran Finance Limited, buy the company report.
Recent activity
Swaran Finance Limited has 19 board changes on record since 2008: 4 appointments and 15 cessations. The latest: Kultar Singh ceased to be Director on 04 Jul 2016.
10 earlier events are in the company report.
Frequently asked questions
Swaran Finance has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Swaran Finance was a public limited company based in Malerkotla, Punjab, India. The company worked in nbfc, within the financial services industry. It was incorporated on 06 April 1966 and is registered under CIN U65921PB1966PLC002638. The company has been struck off by the Registrar of Companies and is no longer operational.
Swaran Finance had 4 directors:
- Manish Kaushal - Director
- Amit Verma - Director
- Pravendra Kumar Upadhaya - Director
- Gyanesh Pathak - Director
The CIN (Corporate Identification Number) of Swaran Finance is U65921PB1966PLC002638. 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 Swaran Finance is at The Mall 2nd Floor Above Bank Of Baroda Opp Sdm Kothi, Malerkotla, Punjab, India – 148023.
Swaran Finance was incorporated on 06 April 1966. It is registered with the Registrar of Companies, Chandigarh.
The latest financial statements of Swaran Finance on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Swaran Finance has 1 GST registration on record and it is cancelled or inactive.
Swaran Finance operated in the financial services industry, in the nbfc segment. It worked in this industry before it was struck off.
Swaran Finance has 3 court cases on record: 3 filed against it. Most are in the district courts.
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