Abhilasha Tex-Chem Limited
About Abhilasha Tex-Chem Limited
Data last updated:
Abhilasha Tex-Chem Limited was a public limited company based in Tarapur, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 12 June 1989.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27200MH1989PLC052143. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹6.09 Cr. It was led by directors including Nemin Mahesh Savadia and Mahesh Mathuradas Savadia.
Its last annual general meeting (AGM) was held on 18 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Abhilasha Tex – Chem Private Limited Plot No.M – 7 Village Pamtebhi, Tarapur, Maharashtra, India – 401506.
As per the financials filed for FY 2017, the company reported a revenue of ₹25.3 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹3.38 Cr (net margin 13.4%) and EBITDA of ₹5.19 Cr (EBITDA margin 20.5%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years.
The company has 1 deal on record (1 acquisition); the latest was in November 2016.
Company details
CIN history
Abhilasha Tex-Chem has one previous CIN (Corporate Identification Number): U27200MH1989PTC052143. The current CIN is U27200MH1989PLC052143, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27200MH1989PLC052143 | Current |
| U27200MH1989PTC052143 | Previous |
Contact details
Abhilasha Tex-Chem Limited's registered office is in Tarapur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressAbhilasha Tex – Chem Private Limited Plot No.M – 7 Village Pamtebhi, Tarapur, Maharashtra, India – 401506
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Abhilasha Tex-Chem 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 Abhilasha Tex-Chem is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Abhilasha Tex-Chem Limited, buy the company report.
Financials of Abhilasha Tex-Chem Limited
FY 2017 filings availableAbhilasha Tex-Chem Limited reported revenue of ₹25.3 Cr (down 32% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over three years, including a 32% fall in the latest year. EBITDA fell 45% 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 | ₹25.3 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹5.19 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹3.38 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 | 20.5% | ||
| Net Profit Margin | 13.4% | ||
| 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 Abhilasha Tex-Chem Limited, buy the company report.
Board of directors of Abhilasha Tex-Chem Limited
Abhilasha Tex-Chem has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nemin Mahesh Savadia Also directs: Valiant Organics Limited | Director | 15 Apr 2002 | 24 Years 7 Months | As last reported |
| Mahesh Mathuradas Savadia | Director | 07 May 1993 | 33 Years 6 Months | As last reported |
| Ketan Dharshi Savla | Director | 07 May 1993 | 33 Years 6 Months | As last reported |
| Shivprakash Dnandatta Upadhyay | Director | 27 Dec 2004 | 21 Years 10 Months | As last reported |
Auditor
Abhilasha Tex-Chem Limited is audited by MADAN DEDHIA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MADAN DEDHIA & ASSOCIATES | FY 2017 | 113095W |
Shareholding
The shareholding of Abhilasha Tex-Chem Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Abhilasha Tex-Chem Limited, buy the company report.
Deals & funding
Abhilasha Tex-Chem Limited has 1 deal on record (1 acquisition); the latest was in November 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2016 | Acquisition | Undisclosed | Buyer: Valiant Organics Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Abhilasha Tex-Chem 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 Abhilasha Tex-Chem Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Abhilasha Tex-Chem has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Abhilasha Tex-Chem Limited, buy the company report.
Recent activity
Abhilasha Tex-Chem Limited has 6 board changes on record since 1993: 4 appointments and 2 cessations. The latest: Harsha Mahesh Savadia ceased to be Director on 21 Oct 2008.
Frequently asked questions
Abhilasha Tex-Chem has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Abhilasha Tex-Chem was a public limited company based in Tarapur, Maharashtra, India. The company worked in metal retail and distribution, within the metals and minerals industry. It was incorporated on 12 June 1989 and is registered under CIN U27200MH1989PLC052143. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Abhilasha Tex-Chem was incorporated on 12 June 1989. It is registered with the Registrar of Companies, Mumbai.
Abhilasha Tex-Chem had 4 directors:
- Nemin Mahesh Savadia - Director
- Mahesh Mathuradas Savadia - Director
- Ketan Dharshi Savla - Director
- Shivprakash Dnandatta Upadhyay - Director
The CIN (Corporate Identification Number) of Abhilasha Tex-Chem is U27200MH1989PLC052143. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Abhilasha Tex-Chem is at Abhilasha Tex – Chem Private Limited Plot No.M – 7 Village Pamtebhi, Tarapur, Maharashtra, India – 401506.
The latest financial statements of Abhilasha Tex-Chem on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 18 September 2017. Year-wise statements from 2015 are in the company report.
No. Abhilasha Tex-Chem has 1 GST registration on record and it is cancelled or inactive.
Abhilasha Tex-Chem operated in the metals and minerals industry, in the metal retail and distribution segment.
Abhilasha Tex-Chem has 1 deal on record (1 acquisition); the latest was in November 2016.
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