Able Abrasives Private Limited
About Able Abrasives Private Limited
Data last updated:
Able Abrasives Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the medicinal chemical and botanical products segment of the chemicals sector. It was incorporated on 08 November 1999.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U13203TN1999PTC043502.
The company had an authorised share capital of ₹30 Lakh and a paid-up capital of ₹26.26 Lakh. It was led by directors Kulathu Sankararaman and Thiruvengadam Santhanam.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 16J Kamakoti Apartments Murugesan Street T Nagar, Chennai, Tamil Nadu, India – 600017.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.23 Lakh, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹18.5 Lakh and EBITDA of -₹18.5 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 18% over three years.
As per MCA filings, the company had satisfied charges of ₹50.84 Lakh on record.
Company details
Contact details
Able Abrasives Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address16J Kamakoti Apartments Murugesan Street T Nagar, Chennai, Tamil Nadu, India – 600017
- IndustryChemicals, Medicinal Chemical & Botanical Products, Pharmaceuticals, Chemical Products
To see the full contact details of Able Abrasives 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 Able Abrasives 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 |
Financials of Able Abrasives Private Limited
FY 2018 filings availableAble Abrasives Private Limited reported revenue of ₹2.23 Lakh (down 46% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over three years, including a 46% fall in the latest year. EBITDA rose 3% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹18.5 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹18.5 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 Able Abrasives Private Limited, buy the company report.
Board of directors of Able Abrasives Private Limited
Able Abrasives has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kulathu Sankararaman | Director | 28 Nov 1999 | 26 Years 11 Months | As last reported |
| Thiruvengadam Santhanam | Director | 28 Nov 1999 | 26 Years 11 Months | As last reported |
Peer comparison
Able Abrasives Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sparrow Homecare Private Limited | ₹2.24 Lakh (FY 2022) | Aurangabad Amba, Bihar, India | ||||
| Vayo Pharmaceuticals Private Limited | ₹2.23 Lakh (FY 2018) | Aurangabad, Maharashtra, India | ||||
| Silverleaf Pharmaceuticals Private Limited | ₹2.23 Lakh (FY 2017) | -2.0% | Noida, Uttar Pradesh, India | |||
| Tirupati Laboratories Private Limited | ₹2.23 Lakh (FY 2024) | Patna, Bihar, India | ||||
| Stavya Industries Private Limited | ₹2.23 Lakh (FY 2021) | -93.0% | Lucknow, Uttar Pradesh, India | |||
| Able Abrasives Private Limitedthis company | ₹2.23 Lakh (FY 2018) | -₹18.5 Lakh | -46.0% | Chennai, Tamil Nadu, India | ||
| Deign Pyrrhic India Private Limited | ₹2.22 Lakh (FY 2024) | -18.0% | Mogari, Gujarat, India | |||
| Anand Herbal Limited | ₹2.22 Lakh (FY 2025) | -3.0% | Uttar Pradesh, India | |||
| Perseus Crop Sciences Private Limited | ₹2.21 Lakh (FY 2016) | -3.0% | Indore, Madhya Pradesh, India | |||
| Leaf Reserve Foods and Nutraceuticals Private Limited | ₹2.2 Lakh (FY 2024) | -27.0% | Udaipur, Rajasthan, India | |||
| Taimed Pharmaceuticals Private Limited | ₹2.2 Lakh (FY 2025) | 9.0% | Goa, India |
To see the full peer comparison of Able Abrasives Private Limited, buy the company report.
Auditor
Able Abrasives Private Limited is audited by T BALAJI AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T BALAJI AND ASSOCIATES | FY 2017 | 205635 |
Shareholding
The shareholding of Able Abrasives Private 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 Able Abrasives Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2009 | 10149795 | State Bank of India | ₹29 Lakh | Satisfied | |
| 23 Jan 2002 | 90289021 | State Bank of India | ₹10 Lakh | Satisfied | |
| 06 Mar 2000 | 90283971 | The Nedungadi Bank Ltd. | ₹11.84 Lakh | Satisfied |
To see the full charge records of Able Abrasives Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Able Abrasives 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 Able Abrasives Private 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 Able Abrasives Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Able Abrasives Private Limited has 4 board changes on record since 1999: 2 appointments and 2 cessations. The latest: Booma Kiruba Samudram ceased to be Director on 29 Sep 2007.
3 earlier events are in the company report.
Frequently asked questions
Able Abrasives has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Able Abrasives was a private limited company based in Chennai, Tamil Nadu, India. The company worked in medicinal chemical and botanical products, within the chemicals industry. It was incorporated on 08 November 1999 and is registered under CIN U13203TN1999PTC043502. The company has been struck off by the Registrar of Companies and is no longer operational.
Able Abrasives had 2 directors:
- Kulathu Sankararaman - Director
- Thiruvengadam Santhanam - Director
The CIN (Corporate Identification Number) of Able Abrasives is U13203TN1999PTC043502. 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 Able Abrasives is at 16J Kamakoti Apartments Murugesan Street T Nagar, Chennai, Tamil Nadu, India – 600017.
Able Abrasives was incorporated on 08 November 1999. It is registered with the Registrar of Companies, Chennai.
The latest financial statements of Able Abrasives on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
Able Abrasives operated in the chemicals industry, in the medicinal chemical and botanical products segment. It worked in this industry before it was struck off.
The peers of Able Abrasives by revenue are Sparrow Homecare Private Limited, Vayo Pharmaceuticals Private Limited, Silverleaf Pharmaceuticals Private Limited, Tirupati Laboratories Private Limited, Stavya Industries Private Limited and 5 more, all in the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Booma Kiruba Samudram ceased to be Director on 29 Sep 2007. Lakshmi Narayanaswamy Iyer ceased to be Director on 29 Sep 2007. Kulathu Sankararaman was appointed as Director on 28 Nov 1999. Able Abrasives has 4 board changes on record in total.
Able Abrasives has no open charges and satisfied charges of ₹50.84 Lakh as per latest MCA filings.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
