About Target Furnitures Private Limited
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Target Furnitures Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the furniture retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 21 December 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36100GJ2004PTC045185.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors Tusharkumar Tribhovandas Patel and Valiben Bhimjibhai Patel.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 1 – 19/1st Floor Earth Complexeast Wing Akshar Chowk Old Padra Road, Vadodara, Gujarat, India – 390020.
As per the financials filed for FY 2018, the company reported a revenue of ₹32.41 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹10.31 Lakh (net margin -31.8%) and EBITDA of -₹8.17 Lakh (EBITDA margin -25.2%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.5 Cr and satisfied charges of ₹4.93 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website targetfur.com.
Company details
Contact details
Target Furnitures Private Limited's registered office is in Vadodara, Gujarat. Its website is targetfur.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address1 – 19/1st Floor Earth Complexeast Wing Akshar Chowk Old Padra Road, Vadodara, Gujarat, India – 390020
- IndustryConsumer Electronics & Durables, Furniture Retail & Distribution
To see the full contact details of Target Furnitures 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
Business activity
The main business activity of Target Furnitures is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Target Furnitures Private Limited, buy the company report.
Financials of Target Furnitures Private Limited
FY 2018 filings availableTarget Furnitures Private Limited reported revenue of ₹32.41 Lakh (down 91% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over three years, including a 91% fall in the latest year. EBITDA fell 104% 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 | -₹8.17 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹10.31 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -25.2% | |||
| Net Profit Margin | -31.8% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Target Furnitures Private Limited, buy the company report.
Board of directors of Target Furnitures Private Limited
Target Furnitures has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tusharkumar Tribhovandas Patel | Director | 24 Jun 2017 | 9 Years 4 Months | Current |
| Valiben Bhimjibhai Patel | Director | 21 Dec 2004 | 21 Years 10 Months | Current |
Shareholding
The shareholding of Target Furnitures Private 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 Target Furnitures Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2013 | 10413203 | Bank of Baroda | ₹1.5 Cr | Open | |
| 14 May 2009 | 10166632 | Axis Bank Limited | ₹2.45 Cr | Satisfied | |
| 11 May 2007 | 10054129 | Punjab National Bank | ₹50 Lakh | Satisfied | |
| 30 Mar 2006 | 80003956 | Punjab National Bank | ₹1.88 Cr | Satisfied | |
| 17 Feb 2006 | 80003958 | Panjab National Bank | ₹10 Lakh | Satisfied |
To see the full charge records of Target Furnitures Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
No court or tribunal cases involving Target Furnitures Private 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 Furnitures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Target Furnitures has 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Target Furnitures Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Target Furnitures Private Limited has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Tusharkumar Tribhovandas Patel ceased to be Additional Director on 29 Sep 2017.
10 earlier events are in the company report.
Frequently asked questions
Target Furnitures is an active private limited company based in Vadodara, Gujarat, India. The company works in furniture retail and distribution, within the consumer electronics and durables industry. It was incorporated on 21 December 2004 (22+ years old) and is registered under CIN U36100GJ2004PTC045185.
Target Furnitures has 2 current directors:
- Tusharkumar Tribhovandas Patel - Director
- Valiben Bhimjibhai Patel - Director
The latest financial statements of Target Furnitures on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Target Furnitures is U36100GJ2004PTC045185. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Target Furnitures was incorporated on 21 December 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Tusharkumar Tribhovandas Patel ceased to be Additional Director on 29 Sep 2017. Ghanshyambhai Bhimjibhai Patel ceased to be Director on 25 Jul 2017. Tusharkumar Tribhovandas Patel was appointed as Director on 24 Jun 2017. Target Furnitures has 4 board changes on record in total.
Target Furnitures can be reached through the website targetfur.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Target Furnitures is at 1 – 191st Floor Earth Complexeast Wing Akshar Chowk Old Padra Road, Vadodara, Gujarat, India – 390020.
Target Furnitures operates in the consumer electronics and durables industry, in the furniture retail and distribution segment.
Target Furnitures has open charges of ₹1.5 Cr and satisfied charges of ₹4.93 Cr as per latest MCA filings.
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