Target Financial Services Limited
About Target Financial Services Limited
Data last updated:
Target Financial Services Limited was a public limited company based in Vadodara, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the fund management segment of the financial services sector. It was incorporated on 26 November 1993.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65910GJ1993PLC020720. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20 Lakh.
Its last annual general meeting (AGM) was held on 31 May 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 806 Centre Point R C Dutt Roadalkapuri, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.4 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹69,599 (net margin -15.8%) and EBITDA of -₹63,329 (EBITDA margin -14.4%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years.
Company details
Contact details
Target Financial Services Limited's registered office is in Vadodara, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address806 Centre Point R C Dutt Roadalkapuri, Vadodara, Gujarat, India – 390007
- IndustryFinancial Services, Fund Management
To see the full contact details of Target Financial Services 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 Target Financial Services is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Target Financial Services Limited, buy the company report.
Financials of Target Financial Services Limited
FY 2018 filings availableTarget Financial Services Limited reported revenue of ₹4.4 Lakh (down 89% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 59% over three years, including a 89% fall in the latest year. EBITDA rose 87% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹4.4 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹63,329 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹69,599 | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -14.4% | |||
| Net Profit Margin | -15.8% | |||
| 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 Target Financial Services Limited, buy the company report.
Board of directors of Target Financial Services Limited
Target Financial Services has 6 former directors on record and no current directors listed.
Peer comparison
Target Financial Services Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (fund management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| New Age Smart Innovation Private Limited | ₹4.7 Lakh (FY 2024) | New Delhi, Delhi, India | ||||
| Ramnad Sri Om Sakthi Chit Funds Private Limited. | ₹4.69 Lakh (FY 2016) | -10.0% | Ramanathapuram, Tamil Nadu, India | |||
| Unite Technoedge Private Limited | ₹4.63 Lakh (FY 2023) | 12.0% | Sadulpur, Rajasthan, India | |||
| Falchem Trades Private Limited | ₹4.62 Lakh (FY 2019) | 3996.0% | Chennai, Tamil Nadu, India | |||
| Gold Reef Investments Private Limited | ₹4.6 Lakh (FY 2023) | 664.0% | Bangalore, Karnataka, India | |||
| Target Financial Services Limitedthis company | ₹4.4 Lakh (FY 2018) | -₹69,599 | -15.8% | -89.0% | Vadodara, Gujarat, India | |
| Om Barani Eswaran Chits India Private Limited | ₹4.32 Lakh (FY 2020) | 344.0% | Tirupur, Tamil Nadu, India | |||
| Madothil Chits Private Limited | ₹4.3 Lakh (FY 2018) | -7.0% | Kayamkulam, Kerala, India | |||
| Purnendu Welfare Foundation | ₹4.26 Lakh (FY 2024) | -33.0% | Mirzapur, Uttar Pradesh, India | |||
| JPT Enterprises Private Limited | ₹4.14 Lakh (FY 2021) | -24.0% | Bhopal, Madhya Pradesh, India | |||
| Jyoti Forex House Private Limited | ₹4.12 Lakh (FY 2016) | 34.0% | Madhya Pradesh, India |
To see the full peer comparison of Target Financial Services Limited, buy the company report.
Auditor
Target Financial Services Limited is audited by Haribhakti&Co. for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Haribhakti&Co. | FY 2018 | 118013W |
Shareholding
The shareholding of Target Financial Services Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Target Financial Services Limited, buy the company report.
Legal cases
No court or tribunal cases involving Target Financial Services Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Target Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Target Financial Services 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 Target Financial Services Limited, buy the company report.
Recent activity
Target Financial Services Limited has 5 board changes on record since 2013: 0 appointments and 5 cessations. The latest: Ravinder Khanna ceased to be Director on 23 Aug 2018.
Frequently asked questions
Target Financial Services has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Target Financial Services was a public limited company based in Vadodara, Gujarat, India. The company worked in fund management, within the financial services industry. It was incorporated on 26 November 1993 and is registered under CIN U65910GJ1993PLC020720. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Target Financial Services is U65910GJ1993PLC020720. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Target Financial Services was incorporated on 26 November 1993. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Target Financial Services is at 806 Centre Point R C Dutt Roadalkapuri, Vadodara, Gujarat, India – 390007.
The latest financial statements of Target Financial Services on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 31 May 2018. Year-wise statements from 2015 are in the company report.
No. Target Financial Services has 1 GST registration on record and it is cancelled or inactive.
Target Financial Services operated in the financial services industry, in the fund management segment.
The peers of Target Financial Services by revenue are New Age Smart Innovation Private Limited, Ramnad Sri Om Sakthi Chit Funds Private Limited, Unite Technoedge Private Limited, Falchem Trades Private Limited, Gold Reef Investments Private Limited and 5 more, all in the same principal business activity (fund management services).
Ravinder Khanna ceased to be Director on 23 Aug 2018. Reeta Khanna ceased to be Director on 23 Aug 2018. Sumeer Ravinder Khanna ceased to be Additional Director on 10 Sep 2016. Target Financial Services has 5 board changes on record in total.
Target Financial Services can be reached at its registered office: 806 Centre Point R C Dutt Roadalkapuri, Vadodara, Gujarat, India – 390007.
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