Avanti System Integrators Private Limited
About Avanti System Integrators Private Limited
Data last updated:
Avanti System Integrators Private Limited is a private limited company based in Thane, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 06 September 2004.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31907MH2004PTC148414. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jaysing Sakharam Desai and Ramesh Laxman Kunder.
Its last annual general meeting (AGM) was held on 27 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at A – 302 Brentfordhiramani Estate Godhbandher Road Patlipada, Thane, Maharashtra, India – 400607.
As per the financials filed for FY 2017, the company reported a revenue of ₹3.54 Cr, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹5.6 Lakh (net margin -1.6%) and EBITDA of -₹5.95 Lakh (EBITDA margin -1.7%).
Company details
Contact details
Avanti System Integrators Private Limited's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 302 Brentfordhiramani Estate Godhbandher Road Patlipada, Thane, Maharashtra, India – 400607
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of Avanti System Integrators 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
Business activity
The main business activity of Avanti System Integrators is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
Financials of Avanti System Integrators Private Limited
FY 2018 filings availableAvanti System Integrators Private Limited reported revenue of ₹3.54 Cr (down 85% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 85% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹3.54 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹5.95 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹5.6 Lakh | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -1.7% | ||
| Net Profit Margin | -1.6% | ||
| 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 Avanti System Integrators Private Limited, buy the company report.
Board of directors of Avanti System Integrators Private Limited
Avanti System Integrators has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaysing Sakharam Desai Also directs: Shri Swami Samarth Property Developers Private Limited | Director | 28 Mar 2012 | 14 Years 6 Months | As last reported |
| Ramesh Laxman Kunder | Director | 28 Mar 2012 | 14 Years 6 Months | As last reported |
Auditor
Avanti System Integrators Private Limited is audited by R. H. MEHTA & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. H. MEHTA & CO. | FY 2017 | 040828 |
Shareholding
The shareholding of Avanti System Integrators Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Avanti System Integrators Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Avanti System Integrators Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avanti System Integrators Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avanti System Integrators 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 Avanti System Integrators Private Limited, buy the company report.
Recent activity
Avanti System Integrators Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Jaysing Sakharam Desai ceased to be Additional Director on 28 Sep 2012.
Frequently asked questions
Avanti System Integrators is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Avanti System Integrators is a company under liquidation, formerly operating as a private limited company based in Thane, Maharashtra, India. The company works in other wholesale, within the trading industry. It was incorporated on 06 September 2004 and is registered under CIN U31907MH2004PTC148414. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Avanti System Integrators has 2 current directors:
- Jaysing Sakharam Desai - Director
- Ramesh Laxman Kunder - Director
The latest financial statements of Avanti System Integrators on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 27 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Avanti System Integrators is U31907MH2004PTC148414. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avanti System Integrators was incorporated on 06 September 2004. It is registered with the Registrar of Companies, Mumbai.
Jaysing Sakharam Desai ceased to be Additional Director on 28 Sep 2012. Ramesh Laxman Kunder ceased to be Additional Director on 28 Sep 2012. Keshav Jaanardhan Dusa ceased to be Director on 30 Mar 2012. Avanti System Integrators has 6 board changes on record in total.
The registered office of Avanti System Integrators is at A – 302 Brentfordhiramani Estate Godhbandher Road Patlipada, Thane, Maharashtra, India – 400607.
No. Avanti System Integrators has 4 GST registrations on record and all of them are cancelled or inactive.
Avanti System Integrators operates in the trading industry, in the other wholesale segment.