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Coverfox Insurance Broking
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Registered Details

COVERFOX INSURANCE BROKING PRIVATE LIMITED

www.coverfox.com

Active

Updated: 05 Nov 2024

The company provides insurance brokerage services online. It offers two wheeler, car, term, health, travel, life, and general insurance products.

Coverfox Insurance Broking Private Limited, is an unlisted private company incorporated on 30 May, 2013. It is classified as a private limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 1.15 cr and the total paid-up capital is INR 97.96 lac.

Industry

Insurance

Products

and two-wheeler vehicle insurance products and services., heath, life, auto, travel

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

19.46%

₹ 14.5

EBITDA

₹ 0.4

Net Profit

₹ 0.3

Networth

2.23%

₹ 12.6

Borrowings

₹ 0.1

Assets

20.48%

₹ 27.4

Gross Margin

100.0 %

Operating Margin

9.21

3.0 %

Net Profit Margin

6.7

1.9 %

Return on Equity

6.9

2.2 %

ROCE

-14.36

-4.9 %

Debt to Equity

0.01

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (2)

State	Type	Address

Locations on Map

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW CASH BALANCE

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Peers / Similar Companies

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Peers

Way2Wealth Insurance Brokers Private Limited

Karnataka

Quickinsure Insurance Brokers Private Limited

Maharashtra

Park Mediclaim Insurance Tpa Private Limited

Delhi

Genworth Financial India Private Limited

Delhi

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	32.3	17.7	13.0	11.8	14.5
Operating profit	-57.6	-12.7	-5.3	-0.7	0.4
Net profit	-58.2	-12.9	-5.0	-0.6	0.3
Gross margin	100.0	100.0	100.0	100.0	100.0
Operating margin	-178.1	-71.9	-40.5	-6.2	3.0
Net margin	-178.9	-72.1	-37.2	-4.8	1.9
Networth	8.5	3.1	12.4	12.3	12.6
Borrowings	-	-	-	-	0.1
Assets	37.8	29.2	26.6	22.7	27.4
Debt to equity	0.0	0.0	0.0	0.0	0.0
Current ratio	0.2	0.1	0.2	0.1	0.5
ROE	-683.0	-417.2	-40.2	-4.7	2.2
Days payable	-	-	-	-	-
WC days	-266.0	-488.0	-311.0	-268.0	-202.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.8	0.8	1.0	1.0	1.0
Reserves	7.7	2.3	11.5	11.4	11.6
Borrowings +	-	-	-	-	0.1
Long term borrowings	-	-	-	-	0.1
Short term borrowings	-	-	-	-	-
Trade payables +	27.0	20.0	9.4	4.2	5.6
Days payable	-	-	-	-	-
Other liabilities +	29.2	26.1	14.2	10.4	14.6
Other non-current liabilities	0.2	-	-	0.2	-
Other current liabilities	2.0	6.0	4.7	5.9	9.0
Total liabilities	37.8	29.2	26.6	22.7	27.4
Fixed Assets +	0.8	0.4	0.3	0.3	0.2
Tangible assets	0.8	0.4	0.3	0.3	0.2
CWIP	-	-	-	-	-
Intangible assets	-	-	-	-	-
LT loans and advances	31.5	26.4	22.7	20.3	19.9
Other non-current assets	-	-	0.6	0.7	0.7
Current assets +	5.5	2.4	3.0	1.5	6.7
Inventories	-	-	-	-	-
Trade receivables	0.9	0.3	0.4	0.5	0.8
Cash and cash equivalents	1.3	-	0.2	-	0.2
ST loans and advances	0.6	0.2	0.2	-	0.5
Other current assets	2.7	1.8	2.1	0.9	5.2
Total assets	37.8	29.2	26.6	22.7	27.4

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	2.21	2.87	3.66	4.31	3.58
Reserves	20.36	7.71	43.0	49.99	42.49
Borrowings +	0.0	0.0	0.0	0.0	0.48
Long term borrowings	0.0	0.0	0.0	0.0	0.48
Short term borrowings	0.0	0.0	0.0	0.0	0.0
Trade payables	71.48	68.59	35.47	18.51	20.44
Other liabilities +	77.43	89.42	53.34	45.7	53.45
Other non-current liabilities	0.58	0.27	0.32	1.03	0.0
Other current liabilities	5.37	20.57	17.56	26.17	33.01
Total liabilities
Fixed Assets +	2.12	1.46	1.2	1.19	0.78
Tangible assets	2.07	1.42	1.17	1.15	0.75
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.05	0.03	0.03	0.04	0.03
LT loans and advances	83.38	90.25	85.05	89.15	72.47
Other non-current assets	0.0	0.0	2.39	3.08	2.46
Current assets +	14.51	8.29	11.35	6.58	24.28
Inventories	0.0	0.0	0.0	0.0	0.0
Trade receivables	2.32	1.19	1.47	2.05	2.88
Cash and cash equivalents	3.43	0.08	0.89	0.25	0.68
ST loans and advances	1.49	0.85	0.92	0.27	1.86
Other current assets	7.27	6.17	8.07	4.01	18.87
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	32.3	17.7	13.0	11.8	14.5
Sales growth %	-0.21	-45.36	-26.2	-9.38	22.4
Expenses +	90.4	30.7	18.4	12.7	14.2
Cost of goods	-	-	-	-	-
Employee cost	41.0	21.8	13.5	8.1	7.6
Other costs	48.9	8.6	4.8	4.5	6.4
Operating profit +	-57.6	-12.7	-5.3	-0.7	0.4
Operating margin %	-178.1	-71.9	-40.5	-6.2	3.0
Other income	0.2	0.2	0.4	0.3	-
Interest	-	-	-	0.1	0.1
Depreciation	0.5	0.4	0.1	-	-
Exceptional items	0.3	-	-	-	-
Profit before tax	-58.2	-12.9	-5.0	-0.6	0.3
Tax	-	-	-	-	-
Profit - disc. ops	-	-	-	-	-
Net profit	-58.2	-12.9	-5.0	-0.6	0.3
Net margin %	-178.9	-72.1	-37.2	-4.8	1.9

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.39	98.9	97.09	97.41	99.81
Expenses +	277.89	172.14	137.25	104.8	98.1
Cost of goods	0.0	0.0	0.0	0.0	0.0
Employee cost	125.93	121.86	100.49	66.66	52.69
Other costs	150.45	48.16	35.92	36.78	44.11
Operating profit	-176.99	-71.12	-39.32	-6.03	3.01
Other income	0.61	1.1	2.91	2.59	0.19
Interest	0.06	0.0	0.0	0.85	0.92
Depreciation	1.45	2.12	0.84	0.51	0.38
Exceptional items	1.0	0.0	0.0	0.0	0.0
Profit before tax	-178.89	-72.14	-37.25	-4.8	1.9
Tax	0.0	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-178.89	-72.14	-37.25	-4.8	1.9

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	4.4	9.4	2.1	1.8	2.2
Liquidity +
Current Ratio	0.2	0.1	0.2	0.1	0.5
Quick Ratio	0.2	0.1	0.2	0.1	0.5
Interest Coverage	-3,000.1	-	-	-7.1	3.3
Performance
Gross Margin	100.0	100.0	100.0	100.0	100.0
Operating Margin	-178.1	-71.9	-40.5	-6.2	3.0
Net Margin	-178.9	-72.1	-37.2	-4.8	1.9
Return +
Return on Equity	-683.0	-417.2	-40.2	-4.7	2.2
Pre-tax ROCE	255.3	56.4	50.0	9.5	-4.9
Return on Assets	-154.1	-44.1	-18.8	-2.6	1.0
Pre-tax ROIC	-681.3	-423.6	-43.4	-6.4	3.0
Efficiency +
Days Payable	-	-	-	-	-
Days Inventory	-	-	-	-	-
Days Receivable	10.0	7.0	11.0	14.0	20.0
Fixed Asset Turnover	40.5	41.6	40.6	43.9	67.5
Total Asset Turnover	0.9	0.6	0.5	0.5	0.5
Working Capital
Cash Conversion Cycle	10.0	7.0	11.0	14.0	20.0
Working Capital Days	-266.0	-488.0	-311.0	-268.0	-202.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation	Name	DIN/PAN	Tenure
Director	Anurag Mehrotra	01950688	12 years
Additional Director	Sanjib Kumar Jha	02277191	5 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
WOODBOX FURNISHING SOLUTIONS PRIVATE LIMITED	Active	1.1 L	1	Maharashtra
ALIEN TRAVELS PRIVATE LIMITED	Active	1.1 L	1	Maharashtra
WISEWORKS TECHNOLOGY PRIVATE LIMITED	Strike Off	1.5 L	1	Maharashtra
PIE DAY VENTURES LLP	Active	1.0 L	1	Maharashtra
CONVENIENCE RESTAURANTS PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
CHARCOALEATS FOODTECH PRIVATE LIMITED	Active	2.7 L	1	Maharashtra
EVAM FINANCE PRIVATE LIMITED	Active	20.6 L	1	Maharashtra
AVAANA ADVISORY SERVICES PRIVATE LIMITED	Amalgamated	7.5 Cr	1	Maharashtra
BLUEBOARD MANAGEMENT SERVICES PRIVATE LIMITED	Active	10.0 L	1	Maharashtra
GBIC MANAGEMENT LLP	Active	28.2 Cr	1	Delhi
COVERSTACK TECHNOLOGIES PRIVATE LIMITED	Active	9.8 L	1	Maharashtra

Registered Details

CIN

U66000MH2013PTC243810

PAN

AAFCC2890J

Incorporation

2013, 12.0 years

Company Email

compliance@coverstack.in

Paid up Capital

₹ 98.0 L

Authorised Capital

₹ 1.1 Cr

AGM

Sep 2024

Type

Private

Non-government Company

FAQ - COVERFOX INSURANCE BROKING PRIVATE LIMITED

What is the incorporation date of COVERFOX INSURANCE BROKING PRIVATE LIMITED?

The incorporation date of COVERFOX INSURANCE BROKING PRIVATE LIMITED is 30 May, 2013

What is the authorized share capital of COVERFOX INSURANCE BROKING PRIVATE LIMITED?

The authorized share capital of COVERFOX INSURANCE BROKING PRIVATE LIMITED is INR ₹ 1.1 Cr.

What is the paid-up capital of COVERFOX INSURANCE BROKING PRIVATE LIMITED?

The paid-up capital of COVERFOX INSURANCE BROKING PRIVATE LIMITED is INR ₹ 98.0 L.

What is the registered address of COVERFOX INSURANCE BROKING PRIVATE LIMITED?

The registered address of COVERFOX INSURANCE BROKING PRIVATE LIMITED is C Wing, 6111-6118, 6th Floor, Oberoi Garden Estate Chandiv ali Farm Road, Chandivali, Andher i (East Mumbai Mumbai City Maharashtra - 400072

What is the CIN number of COVERFOX INSURANCE BROKING PRIVATE LIMITED?

The CIN number of COVERFOX INSURANCE BROKING PRIVATE LIMITED is U66000MH2013PTC243810.

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Way2Wealth Insurance Brokers Private Limited

Quickinsure Insurance Brokers Private Limited

Park Mediclaim Insurance Tpa Private Limited

Genworth Financial India Private Limited

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