Ethics Commercials Ltd
Founded in 1985 and headquartered in West Bengal, India.
1985 | Kolkata, West Bengal (India) | Active
Ethics Commercials Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 6.43 M
- Company Age 39 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 3.57 Cr
- Satisfied Charges ₹ 2.00 Cr
- Revenue Growth -84.76%
- Profit Growth -554.07%
- Ebitda -215.59%
- Net Worth 0.91%
- Total Assets -24.62%
About Ethics Commercials
Ethics Commercials Ltd (ECL) is a leading Public Limited Indian Non-Government Company incorporated in India on 12 July 1985 and has a history of 39 years and ten months. Its registered office is in Kolkata, West Bengal, India.
The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 6.00 Cr and a paid-up capital of Rs 6.43 M.
The company currently has active open charges totaling ₹3.57 Cr. The company has closed loans amounting to ₹2.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Varun Shah, Mundhra Narottam, and Shreshtha Shah serve as directors at the Company.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51502WB1985PLC039193
- Company No.
039193
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
12 Jul 1985
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Manufacturing
Ethics Commercials Ltd
Explore comprehensive data for Ethics Commercials Ltd, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Ethics Commercials?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Varun Shah  | Managing Director | 14-Aug-2018 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shreshtha Shah | Director | 06-Jan-2022 | Current |
| Mundhra Narottam | Director | 15-May-2019 | Current |
Financial Performance of Ethics Commercials.
Ethics Commercials Ltd, for the financial year ended 2022, experienced significant reduction in revenue, with a 84.76% decrease. The company also saw a substantial fall in profitability, with a 554.07% decrease in profit. The company's net worth moved up by a moderate rise of 0.91%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ethics Commercials?
In 2022, Ethics Commercials had a promoter holding of 81.04% and a public holding of 18.96%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Fortune Enterprises Pvt. Ltd.Mundhra Narottam is a mutual person
- Raashee Fabrics Llp
Varun Shah is a mutual person
- Designer's Resource Textile Private Limited
Varun Shah and Shreshtha Shah are mutual person
- Lucky Gold Star Company Ltd
Varun Shah is a mutual person
- Vikramsila Industries Private Limited
Varun Shah is a mutual person
- P.K. Regency Private Limited
Varun Shah is a mutual person
Charges (Loans)
Open Charges
₹3.57 Cr
Satisfied Charges
₹2.00 Cr
Charges Breakdown by Lending Institutions
- Others : 3.57 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jan 2020 | Others | ₹3.57 Cr | Open |
| 14 Sep 2017 | Axis Bank Limited | ₹2.00 Cr | Satisfied |
How Many Employees Work at Ethics Commercials?
Ethics Commercials has a workforce of 0 employees as of Mar 23, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ethics Commercials, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ethics Commercials's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Ethics Commercials
Recent activity within the organization
- Annual General Meeting
Ethics Commercials Ltd last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
- Balance Sheet
Ethics Commercials Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
- Charges
A charge registered on 14 Sep 2017 via Charge ID 100138876 with Axis Bank Limited was fully satisfied on 10 May 2022.
- Director Appointment
Shreshtha Shah was appointed as a Director was appointed as a Director on 06 Jan 2022 & has been associated with this company since 3 years 4 months .
- Charges
A charge with Others amounted to Rs. 3.57 Cr with Charge ID 100325094 was registered on 28 Jan 2020.
- Director Appointment
Mundhra Narottam was appointed as a Director was appointed as a Director on 15 May 2019 & has been associated with this company since 6 years 6 days .
Frequently asked questions
What is the Incorporation or founding date of Ethics Commercials Ltd?
Ethics Commercials Ltd was incorporated on 12 Jul 1985.
What is authorized share capital and paid-up capital of Ethics Commercials Ltd?
The authorized share capital of Ethics Commercials Ltd is ₹ 6.00 Cr and paid-up capital is ₹ 6.43 M.
Who are the current board members & directors of Ethics Commercials Ltd?
Currently 3 directors are associated with Ethics Commercials Ltd.
- Varun Shah
- Mundhra Narottam
- Shreshtha Shah
What is the registered address of Ethics Commercials Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Ethics Commercials Ltd is 53 Sarat Bose Road India, Kolkata, West Bengal, 700025.
What is the corporate identification number (CIN) and company number of Ethics Commercials Ltd?
The corporate identification number (CIN) of Ethics Commercials Ltd is U51502WB1985PLC039193 and the company number is 039193 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Ethics Commercials Ltd?
According to the financial reports for the fiscal year 2022, the revenue trend for Ethics Commercials Ltd has fallen by -84.76%.
What change has been observed in the net worth of Ethics Commercials Ltd, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Ethics Commercials Ltd has experienced an upsurge of 0.91%.
What are the total open charges for Ethics Commercials Ltd?
As per the financial statements for fiscal Year 2022, The total open charges for Ethics Commercials Ltd amount to ₹ 3.57 Cr.
When was the last Balance Sheet of Ethics Commercials Ltd filed with the ROC?
The most recent Balance Sheet for Ethics Commercials Ltd was filed with the ROC on 31 Mar 2024.
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