Welspun Commerce Pvt Ltd
About Welspun Commerce Pvt Ltd
Data last updated:
Welspun Commerce Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the specialised services segment of the trading and commerce sector. It was incorporated on 23 March 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB1993PTC058223.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.97 Cr. It is led by directors Suresh Agarwal and Hemanta Kumar Nath.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 1 Auckland Place Motijug House, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2017, the company reported a revenue of ₹36,500, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹360 (net margin -1%) and EBITDA of ₹4,700 (EBITDA margin 12.9%).
As per MCA filings, the company has open charges of ₹49.24 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Welspun Commerce has one previous CIN (Corporate Identification Number): U99999WB1993PTC058223. The current CIN is U51909WB1993PTC058223, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909WB1993PTC058223 | Current |
| U99999WB1993PTC058223 | Previous |
Contact details
Welspun Commerce Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address1 Auckland Place Motijug House, Kolkata, West Bengal, India – 700017
- IndustryTrading, Specialty, Wholesale
To see the full contact details of Welspun Commerce Pvt Ltd, 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
Financials of Welspun Commerce Pvt Ltd
FY 2017 filings availableWelspun Commerce Pvt Ltd reported revenue of ₹36,500 (up 26% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year. EBITDA rose 489% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹36,500 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹4,700 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹360 | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 12.9% | ||
| Net Profit Margin | -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 Welspun Commerce Pvt Ltd, buy the company report.
Board of directors of Welspun Commerce Pvt Ltd
Welspun Commerce 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 |
|---|---|---|---|---|
| Hemanta Kumar Nath | Additional Director | 16 Jul 2018 | 8 Years 3 Months | Current |
| Suresh Agarwal Also directs: Megha Plast Private Limited | Director | 07 Aug 1998 | 28 Years 2 Months | Current |
Auditor
Welspun Commerce Pvt Ltd is audited by NEHA CHAUDHARY & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NEHA CHAUDHARY & ASSOCIATES | FY 2017 | 327596E |
Shareholding
The shareholding of Welspun Commerce Pvt Ltd 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 Welspun Commerce Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2016 | 100035340 | State Bank of India | ₹38.91 Cr | Open | |
| 04 Dec 1998 | 90251190 | State Bank of India | ₹10.33 Cr | Open |
To see the full charge records of Welspun Commerce Pvt Ltd, buy the company report.
Total charge records: 2 View all charges
Legal cases
Welspun Commerce Pvt Ltd has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Welspun Commerce Pvt Ltd, 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 Welspun Commerce Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Welspun Commerce Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Welspun Commerce Pvt Ltd has 4 board changes on record since 1998: 2 appointments and 2 cessations. The latest: Hemanta Kumar Nath was appointed as Additional Director on 16 Jul 2018.
Frequently asked questions
Welspun Commerce is an active private limited company based in Kolkata, West Bengal, India. The company works in specialty, within the trading industry. It was incorporated on 23 March 1993 (33+ years old) and is registered under CIN U51909WB1993PTC058223.
Welspun Commerce has 2 current directors:
- Hemanta Kumar Nath - Additional Director
- Suresh Agarwal - Director
The latest financial statements of Welspun Commerce on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Welspun Commerce is U51909WB1993PTC058223. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Welspun Commerce has 2 court cases on record: 2 filed against it.
Welspun Commerce was incorporated on 23 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Kolkata.
Hemanta Kumar Nath was appointed as Additional Director on 16 Jul 2018. Pristh Kumar ceased to be Director on 16 Jul 2018. Bipin Kumar Tibrewala ceased to be Director on 29 Nov 2013. Welspun Commerce has 4 board changes on record in total.
The registered office of Welspun Commerce is at 1 Auckland Place Motijug House, Kolkata, West Bengal, India – 700017.
Welspun Commerce operates in the trading industry, in the specialty segment.
Welspun Commerce has open charges of ₹49.24 Cr and no satisfied charges on record as per latest MCA filings.