Annual sales of private limited company
This query is : Resolved
Ashish Trehan
(Querist)
28 September 2015
How can we know the annual revenue for a private limited company? I tried accessing the public documents of a company on MCA website but could not get the details of the income statement for the private limited companies.
CA Mehta Ankur N.
(Expert)
28 September 2015
Its private limited company, so data will not be publicly available to all.
Ashish Trehan
(Querist)
28 September 2015
Then how come the data about flipkart & snapdeal's sale becomes available?
CA Mehta Ankur N.
(Expert)
28 September 2015
I.E. Their wish to show you abt their details, its not compulsion to them.
For public limited companies its compulsory due to money invested by public.
For private company not compulsory as its not issue of public interest.
For public limited companies its compulsory due to money invested by public.
For private company not compulsory as its not issue of public interest.
Pratik Shah
(Expert)
29 September 2015
I agree with Ankur bhai. P&L Statement is not available for public.
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