About Wespro Digital Private Limited
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Wespro Digital Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 15 November 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2007PTC175910. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.82 Lakh. It was led by directors Taroon Sunder Vaswani (Managing Director) and Aum Taroon Vaswani.
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 was at 16 Hind Service Industrial Estate Off Veer Savarkar Road Shivaji Park, Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹78.87 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹5.44 Cr and EBITDA of -₹5.21 Cr. Revenue has declined at a compounded annual rate (CAGR) of 73% over three years and 57% over five years.
As per MCA filings, the company had satisfied charges of ₹2 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 5 deals on record (3 secondary share transfers, 2 acquisitions); the latest was in May 2015.
The last known website on record is wesprodigital.com.
Company details
Contact details
Wespro Digital Private Limited's registered office is in Mumbai, Maharashtra. Its website is wesprodigital.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2/16 Hind Service Industrial Estate Off Veer Savarkar Road Shivaji Park Seaface Dad, Ar(W), Mumbai, Maharashtra, India – 400028
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Wespro Digital 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
Financials of Wespro Digital Private Limited
FY 2020 filings availableWespro Digital Private Limited reported revenue of ₹78.87 Lakh (down 96% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 96% fall 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹78.87 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹5.21 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹5.44 Cr | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | ||
| Net Profit Margin | ||
| 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 Wespro Digital Private Limited, buy the company report.
Board of directors of Wespro Digital Private Limited
Wespro Digital 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 |
|---|---|---|---|---|
| Aum Taroon Vaswani | Director | 05 May 2015 | 11 Years 6 Months | As last reported |
| Taroon Sunder Vaswani | Managing Director | 15 Nov 2007 | 18 Years 11 Months | As last reported |
Auditor
Wespro Digital Private Limited is audited by Bhomawat Gupta and Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhomawat Gupta and Co. | FY 2016 |
Shareholding
The shareholding of Wespro Digital 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 Wespro Digital Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2009 | 10138640 | Indian Overseas Bank | ₹2 Cr | Satisfied |
To see the full charge records of Wespro Digital Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Wespro Digital Private Limited has 5 deals on record (3 secondary share transfers, 2 acquisitions); the latest was in May 2015.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: RRK Finhold Private Limited , an individual |
| May 2013 | Secondary share transfer | Undisclosed | Seller: RRK Finhold Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: RRK Finhold Private Limited |
| Jun 2008 | Acquisition | ₹7 Cr | Buyer: RRK Finhold Private Limited Seller: Network 18 Fund, 2 individuals |
| Jan 2008 | Acquisition | ₹5 Cr | Buyer: Network 18 Fund |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Wespro Digital 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 |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (S) | Filed against the company by M/S. Flowil International Lighting ( Holding) B.V. | Disposed |
To see the full case history of Wespro Digital 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 Wespro Digital Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Wespro Digital has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Wespro Digital Private Limited, buy the company report.
Recent activity
Wespro Digital Private Limited has 9 board changes on record since 2007: 2 appointments and 7 cessations. The latest: Aum Taroon Vaswani ceased to be Additional Director on 10 Sep 2015.
3 earlier events are in the company report.
Frequently asked questions
Wespro Digital has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Wespro Digital was a private limited company based in Mumbai, Maharashtra, India. The company worked in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 15 November 2007 and is registered under CIN U72200MH2007PTC175910. The company has been struck off by the Registrar of Companies and is no longer operational.
Wespro Digital had 2 directors:
- Taroon Sunder Vaswani - Managing Director
- Aum Taroon Vaswani - Director
The CIN (Corporate Identification Number) of Wespro Digital is U72200MH2007PTC175910. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Wespro Digital is at 216 Hind Service Industrial Estate Off Veer Savarkar Road Shivaji Park Seaface Dad, ArW, Mumbai, Maharashtra, India – 400028.
Wespro Digital was incorporated on 15 November 2007. It is registered with the Registrar of Companies, Mumbai.
Wespro Digital can be reached through the website wesprodigital.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Wespro Digital 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.
No. Wespro Digital has 4 GST registrations on record and all of them are cancelled or inactive.
Wespro Digital operated in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment. It worked in this industry before it was struck off.
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