Ideal Financing Corporation Limited

Provides non-banking financial services and investments, specializing in hire purchase finance for vehicles and household/commercial equipment.

1987 | Kolkata, West Bengal (India) | Active
Last Updated: December 21, 2024

Ideal Financing Corporation Profile

Key Indicators

  • Authorised Capital ₹ 4.00 Cr
  • Paid Up Capital ₹ 3.00 Cr
  • Company Age 37 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 136.27 Cr
  • Satisfied Charges ₹ 1.60 Cr
  • Revenue Growth 6.63%
  • Profit Growth -115.13%
  • Ebitda 6.99%
  • Net Worth -5.76%
  • Total Assets 38.17%

About Ideal Financing Corporation

Ideal Financing Corporation Limited (IFCL) is a Public Limited Indian Non-Government Company incorporated in India on 27 March 1987 and has a history of 37 years and ten months. Its registered office is in Kolkata, West Bengal, India.

The Company is engaged in the Financial Services 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 4.00 Cr and a paid-up capital of Rs 3.00 Cr.

The company currently has active open charges totaling ₹136.27 Cr. The company has closed loans amounting to ₹1.60 Cr, as per Ministry of Corporate Affairs (MCA) records.

Nakul Himatsingka, Anuj Tulsyan, and Pawan Chomal serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    ideal.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65921WB1987PLC042117

  • Company No.

    042117

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    27 Mar 1987

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Financial Services

Who are the key members and board of directors at Ideal Financing Corporation?

Board Members (3)

NameDesignationAppointment DateStatus
Nakul Himatsingka Country flag representing In Director 26-Dec-1997Current
Anuj Tulsyan Country flag representing In Director 02-Aug-2019Current
Pawan Chomal Country flag representing In Additional Director 02-Nov-2023Current

Financial Performance of Ideal Financing Corporation.

Ideal Financing Corporation Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 6.63% increase. The company also saw a substantial fall in profitability, with a 115.13% decrease in profit. The company's net worth dipped by a decrease of 5.76%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
6.63%
Revenue from Operations
6.63%
Total Assets
38.17%
Profit or Loss
-115.13%
Net Worth
-5.76%
EBITDA
6.99%

What is the Ownership and Shareholding Structure of Ideal Financing Corporation?

In 2021, Ideal Financing Corporation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹136.27 Cr

Satisfied Charges

₹1.60 Cr

Charges Breakdown by Lending Institutions

  • Bank Of India : 136.27 Cr

Latest Charge Details

DateLenderAmountStatus
05 Feb 2021Bank Of India₹136.27 CrOpen
25 Feb 1987Bank Of India₹1.60 CrSatisfied

How Many Employees Work at Ideal Financing Corporation?

Unlock and access historical data on people associated with Ideal Financing Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ideal Financing Corporation, 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 Ideal Financing Corporation's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Ideal Financing Corporation

Recent activity within the organization

  • Annual General Meeting

    Ideal Financing Corporation Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Ideal Financing Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.

    31 Mar 2024

  • Director Appointment

    Pawan Kumar Chomal was appointed as a Additional Director was appointed as a Additional Director on 02 Nov 2023 & has been associated with this company since 1 year 3 months .

    02 Nov 2023

  • Charges

    A charge with Bank Of India amounted to Rs. 136.27 Cr with Charge ID 100419438 was registered on 05 Feb 2021.

    05 Feb 2021

  • Director Appointment

    Anuj Tulsyan was appointed as a Director was appointed as a Director on 02 Aug 2019 & has been associated with this company since 5 years 6 months .

    02 Aug 2019

  • Charges

    A charge registered on 25 Feb 1987 via Charge ID 80050280 with Bank Of India was fully satisfied on 19 Nov 2008.

    19 Nov 2008

Frequently asked questions

  • Ideal Financing Corporation Limited was incorporated on 27 Mar 1987.

  • The authorized share capital of Ideal Financing Corporation Limited is ₹ 4.00 Cr and paid-up capital is ₹ 3.00 Cr.

  • Currently 3 directors are associated with Ideal Financing Corporation Limited.

    • Nakul Himatsingka
    • Anuj Tulsyan
    • Pawan Kumar Chomal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Ideal Financing Corporation Limited is 50 J L Nehru Road, India, Kolkata, West Bengal, 700071.

  • The corporate identification number (CIN) of Ideal Financing Corporation Limited is U65921WB1987PLC042117 and the company number is 042117 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Ideal Financing Corporation Limited is https://www.ideal.in

  • According to the financial reports for the fiscal year 2022, the revenue trend for Ideal Financing Corporation Limited has risen by 6.63%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Ideal Financing Corporation Limited has experienced an downturn of -5.76%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Ideal Financing Corporation Limited amount to ₹ 136.27 Cr.

  • The most recent Balance Sheet for Ideal Financing Corporation Limited was filed with the ROC on 31 Mar 2024.

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