Aat Academy India Limited
About Aat Academy India Limited
Data last updated:
Aat Academy India Limited is a public limited company based in Coimbatore, Tamil Nadu, 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 vocational and skill development training segment of the education sector. It was incorporated on 10 November 1999.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U72200TZ1999PLC009081.
The company has an authorised share capital of ₹3.25 Cr and a paid-up capital of ₹2.74 Cr. It was formerly known as Access Atlantech Edutainment (India) Private Limited and Access Atlantech Edutainment (India) Limited. It is led by directors including Rathish Babu and Vandana Menon.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 1176 Trichy Road Ramanathapuram, Coimbatore, Tamil Nadu, India – 641045.
As per the financials filed for FY 2017, the company reported a revenue of ₹5.29 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹1.58 Cr (net margin -29.8%) and EBITDA of ₹32.03 Lakh (EBITDA margin 6.1%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.05 Cr and satisfied charges of ₹5.5 Cr on record. Court records list 28 cases involving the company, including 16 filed by the company and 12 filed against it; 2 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹14.49 Cr; the latest was in March 2015.
Company details
Name history
Aat Academy India has undergone 2 name changes throughout its history. The company was previously known as Access Atlantech Edutainment (India) Private Limited, and Access Atlantech Edutainment (India) Limited. The current legal name is Aat Academy India Limited.
| Company Name | Status |
|---|---|
| Aat Academy India Limited | Current |
| Access Atlantech Edutainment (India) Private Limited | Previous |
| Access Atlantech Edutainment (India) Limited | Previous |
CIN history
Aat Academy India has one previous CIN (Corporate Identification Number): U72200TZ1999PTC009081. The current CIN is U72200TZ1999PLC009081, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TZ1999PLC009081 | Current |
| U72200TZ1999PTC009081 | Previous |
Contact details
Aat Academy India Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1176 Trichy Road Ramanathapuram, Coimbatore, Tamil Nadu, India – 641045
- IndustryEducation, Vocational & Skill Development Training
To see the full contact details of Aat Academy India 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 Aat Academy India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Aat Academy India Limited, buy the company report.
Financials of Aat Academy India Limited
FY 2017 filings availableAat Academy India Limited reported revenue of ₹5.29 Cr (down 17% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over three years, including a 17% fall in the latest year. EBITDA rose 312% in the latest year. 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹5.29 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹32.03 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.58 Cr | ||
| 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 | 6.1% | ||
| Net Profit Margin | -29.8% | ||
| 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 Aat Academy India Limited, buy the company report.
Board of directors of Aat Academy India Limited
Aat Academy India has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rathish Babu | Director | 22 Jul 2016 | 10 Years 3 Months | As last reported |
| Jojy Mathew | Additional Director | 06 Aug 2016 | 10 Years 3 Months | As last reported |
| Vandana Menon Also directs: Tao Consulting Private Limited | Director | 03 Mar 2007 | 19 Years 8 Months | As last reported |
Auditor
Aat Academy India Limited is audited by BINDU SURESH KUMAR & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BINDU SURESH KUMAR & ASSOCIATES | FY 2017 | 008152S |
Shareholding
The shareholding of Aat Academy India 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 Aat Academy India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2014 | 10516698 | City Union Bank Limited | ₹4.5 Cr | Open | |
| 11 Jan 2005 | 90001777 | Icici Bank Limited | ₹3.03 Cr | Open | |
| 19 Dec 2003 | 90001544 | India Cements Capital and Finance Ltd. | ₹1.95 Lakh | Open | |
| 17 Nov 2000 | 90001131 | The South Indian Bank Ltd. | ₹50 Lakh | Open | |
| 30 Mar 2011 | 10282066 | Indus Finance Corporation Limited | ₹4 Cr | Satisfied |
To see the full charge records of Aat Academy India Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Aat Academy India Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹14.49 Cr; the latest was in March 2015.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Funding round | ₹3 Cr | Investors: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2008 | Funding round | ₹5.04 Cr | Investors: Ironwood Education Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2006 | Funding round | ₹6 Cr | Investors: BCCL, Dharmayug Investments Ltd |
To see the full deal history of Aat Academy India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aat Academy India Limited has 28 court cases on record: 16 filed by Aat Academy India, 12 filed against it. 2 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 7 | 0 |
| High courts | 10 | 5 | 1 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Criminal miscellaneous application | Filed against the company by The City Union Bank Ltd | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against Greycells Education Ltd 11/12 First Floor, Forum Building, Reghuvanshi Mill Compound Lower Parel, Mumbai-400013 , District: Mumbai ,Mumbai , Maharashtra and 4 others | Disposed |
| High Court, TAMIL NADU | Court case (OSA) | Filed by the company against Greycells Education Limited and 4 others | Disposed |
| Supreme Court | Court case (1001-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters relating to winding up) | Filed by the company against an individual | Pending |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed by the company against an individual | Pending |
To see the full case history of Aat Academy India Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aat Academy India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Aat Academy India Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Aat Academy India Limited has 8 board changes on record since 2007: 3 appointments and 5 cessations. The latest: Anirban Dasgupta ceased to be Director on 06 Aug 2016.
9 earlier events are in the company report.
Frequently asked questions
Aat Academy India 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.
Aat Academy India is a company under liquidation, formerly operating as a public limited company based in Coimbatore, Tamil Nadu, India. The company works in vocational and skill development training, within the education industry. It was incorporated on 10 November 1999 and is registered under CIN U72200TZ1999PLC009081. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Aat Academy India has 3 current directors:
- Rathish Babu - Director
- Jojy Mathew - Additional Director
- Vandana Menon - Director
The latest financial statements of Aat Academy India on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Aat Academy India is U72200TZ1999PLC009081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aat Academy India has open charges of ₹8.05 Cr and satisfied charges of ₹5.5 Cr as per latest MCA filings.
Aat Academy India has 28 court cases on record: 16 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Aat Academy India was incorporated on 10 November 1999. It is registered with the Registrar of Companies, Coimbatore.
Aat Academy India has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹14.49 Cr; the latest was in March 2015.
Anirban Dasgupta ceased to be Director on 06 Aug 2016. Jojy Mathew was appointed as Additional Director on 06 Aug 2016. Latha Janardhanan ceased to be Director on 06 Aug 2016. Aat Academy India has 8 board changes on record in total.
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