About United Squares Private Limited
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United Squares Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the service-based operations segment of the diversified industries sector. It was incorporated on 05 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC094750. Its GSTIN is 29AABCU9605K1ZV (Karnataka). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Ghanate Deepak and Maheshd Deepak Ghanate.
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.40/3 J C Industrial Area Yelachenahalli Kanakapura Road, Bangalore, Karnataka, India – 560062.
As per the financials filed for FY 2019, the company reported a revenue of ₹13.09 Cr, a growth of 75% compared to the previous year. For the same year it recorded a net profit of ₹1.1 Lakh (net margin 0.1%) and EBITDA of ₹48.88 Lakh (EBITDA margin 3.7%).
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.95 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website unitedsquares.com.
Company details
Contact details
United Squares Private Limited's registered office is in Bangalore, Karnataka. Its website is unitedsquares.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.40/3 J C Industrial Area Yelachenahalli Kanakapura Road, Bangalore, Karnataka, India – 560062
- IndustryOther Industry, Other Services
To see the full contact details of United Squares 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 Squares is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of United Squares Private Limited, buy the company report.
Financials of United Squares Private Limited
FY 2019 filings availableUnited Squares Private Limited reported revenue of ₹13.09 Cr (up 75% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 75% in the latest year. EBITDA rose 10% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| 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 | ₹48.88 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.1 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 | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 3.7% | ||
| Net Profit Margin | 0.1% | ||
| 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 | |||
To see the full financial statements and ratios of United Squares Private Limited, buy the company report.
Board of directors of United Squares Private Limited
United Squares has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ghanate Deepak Also directs: Extended Biz Solutions LLP | Director | 24 Apr 2017 | 9 Years 6 Months | Current |
| Maheshd Deepak Ghanate Also directs: Extended Biz Solutions LLP | Director | 05 Jul 2016 | 10 Years 4 Months | Current |
Peer comparison
United Squares Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Crescent Polyvinyl Private Limited | ₹13.1 Cr (FY 2023) | 45.0% | Pune, Maharashtra, India | |||
| MLG Exim Limited | ₹13.09 Cr (FY 2018) | -35.0% | Punjab, India | |||
| VNS Metals Private Limited | ₹13.09 Cr (FY 2025) | -1.0% | Jamnagar, Gujarat, India | |||
| Kotturu Energy (OPC) Private Limited | ₹13.09 Cr (FY 2023) | 288.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Divinext Ventures Private Limited | ₹13.09 Cr (FY 2024) | 101.0% | Surat, Gujarat, India | |||
| United Squares Private Limitedthis company | ₹13.09 Cr (FY 2019) | ₹1.1 Lakh | 0.1% | 75.0% | 32 | Bangalore, Karnataka, India |
| Navdurga Tradelink Private Limited | ₹13.09 Cr (FY 2017) | -80.0% | Faridabad, Haryana, India | |||
| Mittra Sales Private Limited | ₹13.09 Cr (FY 2025) | -16.0% | Delhi, India | |||
| Ghumman Distributors Private Limited | ₹13.09 Cr (FY 2024) | 108.0% | Punjab, India | |||
| Vihawk Tech Solutions Private Limited | ₹13.08 Cr (FY 2024) | 50.0% | Hyderabad, Telangana, India | |||
| 2Nd Innings Handicrafts Private Limited | ₹13.08 Cr (FY 2025) | 51.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of United Squares Private Limited, buy the company report.
Auditor
United Squares Private Limited is audited by SHANTHA KUMARA AND CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHANTHA KUMARA AND CO | FY 2018 | 016697S |
Shareholding
The shareholding of United Squares Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of United Squares Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2018 | 100201680 | Canara Bank | ₹3.24 Lakh | Open | |
| 19 Dec 2017 | 100142496 | Canara Bank | ₹17 Lakh | Open | |
| 02 Aug 2016 | 100070603 | Canara Bank | ₹1.75 Cr | Open |
To see the full charge records of United Squares Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
United Squares Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Disposed |
To see the full case history of United Squares 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 Squares Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
United Squares Private Limited has a workforce of 32 employees on its EPFO records as of Mar 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 32 |
| FY 2017-18 |
To see the full employee and EPFO history of United Squares Private Limited, buy the company report.
GST
United Squares has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCU9605K1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of United Squares Private Limited, buy the company report.
Recent activity
United Squares Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Ghanate Deepak ceased to be Additional Director on 30 Sep 2017.
Frequently asked questions
United Squares is an active private limited company based in Bangalore, Karnataka, India. The company works in other services, within the other industry industry. It was incorporated on 05 July 2016 (10+ years old) and is registered under CIN U74999KA2016PTC094750.
United Squares has 2 current directors:
- Ghanate Deepak - Director
- Maheshd Deepak Ghanate - Director
The latest financial statements of United Squares 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 FY 2017 are in the company report.
The GSTIN of United Squares is 29AABCU9605K1ZV, registered in Karnataka. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of United Squares is U74999KA2016PTC094750. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
United Squares has 1 court case on record: 1 filed against it.
United Squares was incorporated on 05 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of United Squares by revenue are Crescent Polyvinyl Private Limited, MLG Exim Limited, VNS Metals Private Limited, Kotturu Energy (OPC) Private Limited, Divinext Ventures Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Ghanate Deepak ceased to be Additional Director on 30 Sep 2017. Manish Kumar Agarwal ceased to be Director on 19 May 2017. Sameer Pralhadrao Mutalikdesai ceased to be Director on 19 May 2017. United Squares has 5 board changes on record in total.
United Squares can be reached through the website unitedsquares.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of United Squares is at No.403 J C Industrial Area Yelachenahalli Kanakapura Road, Bangalore, Karnataka, India – 560062.
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