About United Clearing and Forwarding Private Limited
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United Clearing and Forwarding Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 31 December 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH1977PTC020055. Its GSTIN is 27AAACU3011E1ZX (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.11 Lakh. It is led by directors Sadashiv Wasudeo Sabnis and Rita Sadashiv Sabnis.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Bharati Bhavan 3rd Fl211 19 P D Mello Road, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.98 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹46.14 Lakh (net margin -23.3%) and EBITDA of -₹1.83 Lakh (EBITDA margin -0.9%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 6% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.68 Cr and satisfied charges of ₹6.95 Lakh on record. Court records list 9 cases involving the company, including 8 filed by the company and 1 filed against it; 1 case is pending.
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 unitedclearing.in.
Company details
Contact details
United Clearing and Forwarding Private Limited's registered office is in Mumbai, Maharashtra. Its website is unitedclearing.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressBharati Bhavan 3rd Fl211 19 P D Mello Road, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of United Clearing and Forwarding 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 United Clearing and Forwarding is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of United Clearing and Forwarding Private Limited, buy the company report.
Financials of United Clearing and Forwarding Private Limited
FY 2020 filings availableUnited Clearing and Forwarding Private Limited reported revenue of ₹1.98 Cr (down 3% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 3% fall in the latest year. EBITDA fell 148% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.98 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.83 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹46.14 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.9% | ||||
| Net Profit Margin | -23.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of United Clearing and Forwarding Private Limited, buy the company report.
Board of directors of United Clearing and Forwarding Private Limited
United Clearing and Forwarding 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 |
|---|---|---|---|---|
| Sadashiv Wasudeo Sabnis | Director | 18 Sep 1989 | 37 Years 1 Months | Current |
| Rita Sadashiv Sabnis | Director | 18 Aug 1989 | 37 Years 2 Months | Current |
Auditor
United Clearing and Forwarding Private Limited is audited by R A JAGTAP & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R A JAGTAP & CO | FY 2019 | 103853W |
Shareholding
The shareholding of United Clearing and Forwarding Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of United Clearing and Forwarding Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2017 | 100081312 | Others | ₹9.47 Lakh | Open | |
| 29 Sep 2011 | 10315177 | The Saraswat Co-Operative Bank Ltd. | ₹38.4 Lakh | Open | |
| 08 Mar 2008 | 10092449 | The Saraswat Co-Op Bank Ltd | ₹10 Lakh | Open | |
| 03 Mar 2008 | 10090193 | The Saraswat Co-Op Bank Ltd | ₹12 Lakh | Open | |
| 21 Feb 2008 | 10090191 | The Saraswat Co-Op Bank Ltd | ₹13.43 Lakh | Open |
To see the full charge records of United Clearing and Forwarding Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
United Clearing and Forwarding Private Limited has 9 court cases on record: 8 filed by United Clearing and Forwarding, 1 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 1 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Alpha Foam Ltd Co | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against Alpha Foam Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Alpha Foam Ltd | Disposed |
| Bombay High Court | Court case (SS) | Filed by the company against Alpha Foam Ltd. | Disposed |
| Bombay High Court | Court case (CHS) | Filed by the company against Alpha Foam Ltd. | Disposed |
To see the full case history of United Clearing and Forwarding 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 United Clearing and Forwarding Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
United Clearing and Forwarding Private Limited has a workforce of 23 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
United Clearing and Forwarding has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACU3011E1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of United Clearing and Forwarding Private Limited, buy the company report.
Recent activity
United Clearing and Forwarding Private Limited has 4 board changes on record since 1989: 2 appointments and 2 cessations. The latest: Vinayak Wasudeo Sabnis ceased to be Director on 27 Apr 2024.
6 earlier events are in the company report.
Frequently asked questions
United Clearing and Forwarding is an active private limited company based in Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 31 December 1977 (49+ years old) and is registered under CIN U63090MH1977PTC020055.
United Clearing and Forwarding has 2 current directors:
- Sadashiv Wasudeo Sabnis - Director
- Rita Sadashiv Sabnis - Director
The latest financial statements of United Clearing and Forwarding on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of United Clearing and Forwarding is 27AAACU3011E1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of United Clearing and Forwarding is U63090MH1977PTC020055. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
United Clearing and Forwarding has 9 court cases on record: 8 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
United Clearing and Forwarding was incorporated on 31 December 1977, making it 49+ years old. It is registered with the Registrar of Companies, Mumbai.
Vinayak Wasudeo Sabnis ceased to be Director on 27 Apr 2024. Chhaya Vinayak Sabnis ceased to be Director on 04 Jan 2023. Sadashiv Wasudeo Sabnis was appointed as Director on 18 Sep 1989. United Clearing and Forwarding has 4 board changes on record in total.
United Clearing and Forwarding can be reached through the website unitedclearing.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of United Clearing and Forwarding is at Bharati Bhavan 3rd Fl211 19 P D Mello Road, Mumbai, Maharashtra, India – 400001.
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