Cyclotech Bikes LLP
About Cyclotech Bikes LLP
Data last updated:
Cyclotech Bikes LLP is a limited liability partnership (LLP) based in Ludhiana, Punjab, India. The LLP is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the LLP may be struck off soon. It operates in the bicycle mfg and retail segment of the automotive sector. It was incorporated on 22 May 2017.
The LLP is registered with the Registrar of Companies (ROC), Chandigarh, under LLPIN AAJ-4691. Its GSTIN is 03AAMFC3822C1Z0 (Punjab).
The LLP has a total obligation of contribution of ₹9 Cr. It is led by designated partners Varun Khanna and Bharat Goel.
Its latest statement of accounts is for the year ended 31 March 2023. The registered office is at Hero Nagar G.T. Road Na, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹1.8 Lakh. For the same year it recorded a net profit of ₹1.07 Lakh (net margin 59.7%) and EBITDA of -₹72,450 (EBITDA margin -40.3%). Revenue has declined at a compounded annual rate (CAGR) of 92% over three years and 75% over five years.
The LLP has about 12 employees on its provident fund (EPFO) records.
Company details
Contact details
Cyclotech Bikes LLP's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressHero Nagar G.T. Road Na, Ludhiana, Punjab, India – 141003
- IndustryAutomotive, Bicycle Mfg & Retail
To see the full contact details of Cyclotech Bikes LLP, 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
Financials of Cyclotech Bikes LLP
FY 2023 filings availableCyclotech Bikes LLP reported revenue of ₹1.8 Lakh for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 75% over five years. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | |||||
| Other Income | |||||
| Total Income | ₹1.8 Lakh | ||||
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| Depreciation | |||||
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| Tax | |||||
| Profit After Tax | ₹1.07 Lakh | ||||
| Profit Transferred to Partners | |||||
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| Partners' Contribution | |||||
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Financial Ratios
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 59.7% | ||||
| Return on Partners' Funds | |||||
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To see the full financial statements and ratios of Cyclotech Bikes LLP, buy the company report.
Designated partners of Cyclotech Bikes LLP
Cyclotech Bikes has 2 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Khanna Also directs: Varun Car Agency Private Limited | Designated Partner | 22 May 2017 | 9 Years 5 Months | Current |
| Bharat Goel Also directs: Hawk Cycles Private Limited, Hero Transmission Private Limited, Hero Global Design Private Limited and 2 more | Designated Partner | 22 May 2017 | 9 Years 5 Months | Current |
Legal cases
No court or tribunal cases involving Cyclotech Bikes LLP 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 Cyclotech Bikes LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cyclotech Bikes LLP has a workforce of 12 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Cyclotech Bikes has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAMFC3822C1Z0 | Punjab | Active | 07 Sep 2017 |
To see the full GST registrations and return filing status of Cyclotech Bikes LLP, buy the company report.
Recent activity
Cyclotech Bikes LLP has 2 designated partner changes on record since 2017: 2 appointments. The latest: Bharat Goel was appointed as Designated Partner on 22 May 2017.
Frequently asked questions
Cyclotech Bikes is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the LLP from the register, typically due to non-filing of statutory returns. This process is not yet final, but the LLP may be struck off soon. Caution is advised before entering into any agreements with this entity.
Cyclotech Bikes is a company pending strike off, currently registered as a limited liability partnership based in Ludhiana, Punjab, India. The LLP works in bicycle mfg and retail, within the automotive industry. It was incorporated on 22 May 2017 and is registered under LLPIN AAJ-4691. The LLP may be struck off soon - caution is advised.
Cyclotech Bikes has 2 current designated partners:
- Varun Khanna - Designated Partner
- Bharat Goel - Designated Partner
The LLPIN (Limited Liability Partnership Identification Number) of Cyclotech Bikes is AAJ-4691. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Cyclotech Bikes was incorporated on 22 May 2017. It is registered with the Registrar of Companies, Chandigarh.
The registered office of Cyclotech Bikes is at Hero Nagar G.T. Road Na, Ludhiana, Punjab, India – 141003.
The latest financial statements of Cyclotech Bikes on record with the MCA are for the year ended 31 March 2023. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Cyclotech Bikes is 03AAMFC3822C1Z0, registered in Punjab.
Cyclotech Bikes operates in the automotive industry, in the bicycle mfg and retail segment.
Bharat Goel was appointed as Designated Partner on 22 May 2017. Varun Khanna was appointed as Designated Partner on 22 May 2017.