Testco Resorts Private Limited
About Testco Resorts Private Limited
Data last updated:
Testco Resorts Private Limited is a private limited company based in Bangalore, Karnataka, India. The company operates in the hospitality and wellness sector. It was incorporated on 10 March 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U55101KA2003PTC031689. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Shreyas Patel (Managing Director) and Payal Hasmukh Shah.
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 is at No. 5 Rock House I Main Jayamahal Extension, Bangalore, Karnataka, India – 560046.
As per the financials filed for FY 2019, the company reported a revenue of ₹30 Lakh, a growth of 52% compared to the previous year. For the same year it recorded a net loss of ₹34.24 Lakh (net margin -114.1%) and EBITDA of -₹34.11 Lakh (EBITDA margin -113.7%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹15 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo. 5 Rock House I Main Jayamahal Extension, Bangalore, Karnataka, India – 560046
- IndustryHospitality & Wellness, Food And Beverage Services By Hotels, Restaurants, Caterers
- 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
- One PDF report, delivered after checkout
Business Activity of Testco Resorts Private Limited
The main business activity of Testco Resorts is accommodation and food service. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Testco Resorts Private Limited FY 2019 filings available
Testco Resorts Private Limited reported revenue of ₹30 Lakh (up 52% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Testco Resorts Private Limited
Revenue rose 52% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 42%. EBITDA fell 285% 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 of Testco Resorts Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹34.11 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹34.24 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Testco Resorts Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -113.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -114.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Testco Resorts are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Testco Resorts Private Limited
Testco Resorts Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Resorts). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunshine Residency Resorts Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Nayasa Hotels & Resorts Private Limited | •••• | •••• | •••• | •••• | - | Pithoragarh, Uttarakhand, India |
| Vithoba Holiday Resorts Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Ska Resorts Private Limited | •••• | •••• | •••• | •••• | - | Bathinda, Punjab, India |
| Sr Royal Resorts (OPC) Private Limited | •••• | •••• | •••• | •••• | - | Zirakpur, Punjab, India |
| Testco Resorts Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Great Country Holidays & Resorts Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Sigma Resorts and Hospitality Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Dharamshi Resorts Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Hardik Resorts Private Limited | •••• | •••• | •••• | •••• | - | Tikamgarh, Madhya Pradesh, India |
| Candolim Hotels & Resorts Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
Peers are the five companies nearest above and the five nearest below Testco Resorts by revenue in the Consumer Services industry (Resorts), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Testco Resorts Private Limited
Testco Resorts Private Limited is audited by K G Acharya & Co for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K G Acharya & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Testco Resorts Private Limited
Testco Resorts has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shreyas Patel Also directs: Sazerac Hospitality Private Limited | Managing Director | 11 Feb 2017 | 9 Years 7 Months | Current |
| Payal Hasmukh Shah | Director | 09 Jan 2018 | 8 Years 8 Months | Current |
Ownership and Shareholding of Testco Resorts Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Testco Resorts Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Jun 2010 | State Bank of India | ₹15 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Testco Resorts Private Limited
Employment history and EPFO contributions of people linked to Testco Resorts.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Testco Resorts Private Limited
Testco Resorts Private Limited has 9 board changes on record since 2009: 2 appointments and 7 cessations. The latest: Shreyas Patel ceased to be Director on 01 Jun 2018.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Testco Resorts Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Testco Resorts Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Testco Resorts Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Testco Resorts Private Limited
Testco Resorts has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Testco Resorts Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Testco Resorts Private Limited
Testco Resorts is an active private limited company based in Bangalore, Karnataka, India. The company works in the hospitality and wellness industry. It was incorporated on 10 March 2003 (23+ years old) and is registered under CIN U55101KA2003PTC031689.
Testco Resorts reported revenue of ₹30 Lakh for FY 2019 (up 52% YoY).
Testco Resorts has 2 current directors:
- Shreyas Patel - Managing Director
- Payal Hasmukh Shah - Director
Testco Resorts reported a net loss of ₹34.24 Lakh (net margin -114.1%) and EBITDA of -₹34.11 Lakh (EBITDA margin -113.7%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Testco Resorts is -42% over three years. In the latest year (FY 2019) revenue rose 52%. CAGR is the steady yearly rate that links the first and the last year.
No. Testco Resorts has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Testco Resorts is U55101KA2003PTC031689. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Testco Resorts was incorporated on 10 March 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Testco Resorts by revenue are Sunshine Residency Resorts Private Limited, Nayasa Hotels & Resorts Private Limited, Vithoba Holiday Resorts Private Limited, Ska Resorts Private Limited, Sr Royal Resorts (OPC) Private Limited and 5 more, all in the Consumer Services industry (Resorts).
Shreyas Patel ceased to be Director on 01 Jun 2018. Krishna Sundara Rajan Veeraraghavachary ceased to be Director on 09 Jan 2018. Payal Hasmukh Shah was appointed as Director on 09 Jan 2018. Testco Resorts has 9 board changes on record in total.
The registered office of Testco Resorts is at No. 5 Rock House I Main Jayamahal Extension, Bangalore, Karnataka, India – 560046.