Trueart Papers Private Limited
About Trueart Papers Private Limited
Data last updated:
Trueart Papers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the service-based operations segment of the diversified industries sector. It was incorporated on 16 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51396MH2009PTC194120. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sachin Kirti Shah and Sohit Kirtikumar 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 Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹31.83 Lakh, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹1.04 Cr (net margin -326.4%) and EBITDA of -₹2.79 Lakh (EBITDA margin -8.7%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years.
As per MCA filings, the company has open charges of ₹3.5 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Trueart Papers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA/2 141 1st Floor Shah & Nahar Industrial Estate Lower Pa, Rel (W), Mumbai, Maharashtra, India – 400013
- IndustryOther Industry, Other Services
To see the full contact details of Trueart Papers 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 Trueart Papers 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 Trueart Papers Private Limited, buy the company report.
Financials of Trueart Papers Private Limited
FY 2019 filings availableTrueart Papers Private Limited reported revenue of ₹31.83 Lakh (down 86% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over three years, including a 86% fall in the latest year. EBITDA rose 97% 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 |
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| EBITDA | -₹2.79 Lakh | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | -₹1.04 Cr | ||||
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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 | -8.7% | ||||
| Net Profit Margin | -326.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Trueart Papers Private Limited, buy the company report.
Board of directors of Trueart Papers Private Limited
Trueart Papers has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Kirti Shah | Director | 16 Jul 2009 | 17 Years 3 Months | Current |
| Sohit Kirtikumar Shah | Director | 16 Jul 2009 | 17 Years 3 Months | Current |
Peer comparison
Trueart Papers Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ultrasleep India Private Limited | ₹31.85 Lakh (FY 2024) | Hooghly, West Bengal, India | ||||
| JF Autocars Private Limited | ₹31.85 Lakh (FY 2022) | -33.0% | Nagpur, Maharashtra, India | |||
| Singh and Chhabra Autowheels Private Limited | ₹31.84 Lakh (FY 2020) | -72.0% | Bareilly, Uttar Pradesh, India | |||
| Leo Maddu Industries Private Limited | ₹31.84 Lakh (FY 2023) | -1.0% | New Delhi, Delhi, India | |||
| Redcyber Solutions Private Limited | ₹31.83 Lakh (FY 2025) | 151.0% | Delhi, India | |||
| Trueart Papers Private Limitedthis company | ₹31.83 Lakh (FY 2019) | -₹1.04 Cr | -326.4% | -86.0% | Mumbai, Maharashtra, India | |
| Jagdish Ent & Maternity Clinic Private Limited | ₹31.83 Lakh (FY 2025) | 21.0% | Allahabad, Uttar Pradesh, India | |||
| Seafra Infratech Minerals Private Limited | ₹31.83 Lakh (FY 2024) | 17.0% | Mohali, Punjab, India | |||
| Seema Gupta Marketing Private Limited | ₹31.82 Lakh (FY 2024) | 12.0% | Delhi, India | |||
| Ibshar Holdings Exim Private Limited | ₹31.82 Lakh (FY 2024) | 43.0% | Chavakkad, Kerala, India | |||
| Tulsi Tiles Private Limited | ₹31.82 Lakh (FY 2024) | 14.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Trueart Papers Private Limited, buy the company report.
Auditor
Trueart Papers Private Limited is audited by MEHTA CHOKSHI & SHAH for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA CHOKSHI & SHAH | FY 2017 | 106201W |
Shareholding
The shareholding of Trueart Papers 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 Trueart Papers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2013 | 10407058 | The City Co-Operative Bank Limited | ₹3.5 Cr | Open |
To see the full charge records of Trueart Papers Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Trueart Papers Private Limited has 6 court cases on record: 4 filed by Trueart Papers, 2 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 2 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against Ina Paper Trade Pvt Ltd - Through Its Manager Mayank Hasmukh Shah and 1 other | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI BAIL APPLN) | Filed by the company against Ina Paper Trade Pvt Ltd - Through Its Manager Mayank Hasmukh Shah and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Ina Paper Trade Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed by the company against an individual | Disposed |
To see the full case history of Trueart Papers Private 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 Trueart Papers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Trueart Papers 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 Trueart Papers Private Limited, buy the company report.
Recent activity
Trueart Papers Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Sachin Kirti Shah was appointed as Director on 16 Jul 2009.
Frequently asked questions
Trueart Papers is an active private limited company based in Mumbai, Maharashtra, India. The company works in other services, within the other industry industry. It was incorporated on 16 July 2009 (17+ years old) and is registered under CIN U51396MH2009PTC194120.
Trueart Papers has 2 current directors:
- Sachin Kirti Shah - Director
- Sohit Kirtikumar Shah - Director
The latest financial statements of Trueart Papers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Trueart Papers has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Trueart Papers is U51396MH2009PTC194120. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Trueart Papers has 6 court cases on record: 4 filed by the company and 2 filed against it. 1 is pending.
Trueart Papers was incorporated on 16 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Trueart Papers by revenue are Ultrasleep India Private Limited, JF Autocars Private Limited, Singh and Chhabra Autowheels Private Limited, Leo Maddu Industries Private Limited, Redcyber Solutions Private Limited and 5 more, all in the same principal business activity (retail trading).
Sachin Kirti Shah was appointed as Director on 16 Jul 2009. Sohit Kirtikumar Shah was appointed as Director on 16 Jul 2009.
The registered office of Trueart Papers is at A2 141 1st Floor Shah & Nahar Industrial Estate Lower Pa, Rel W, Mumbai, Maharashtra, India – 400013.
Trueart Papers operates in the other industry industry, in the other services segment.