About Able Shipping Agencies (India) Private Limited
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Able Shipping Agencies (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 10 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2000PTC127656. Its GSTIN is 27AACCA8430F1ZW (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.42 Lakh. It is led by directors including Ganesh Dashrath Bingi and Anuradha Ganesh Bingi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Hubtown Vedant Chs 2nd Floor Office No. 7 8 9 Mukundrao Ambedkar Road, Sardar Nagar Sion Koliwada Mumbai., Maharashtra, India – 400037.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.94 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹2.55 Lakh (net margin 0.2%) and EBITDA of ₹13.36 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 5% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Able Shipping. As per MCA filings, the company has open charges of ₹2.98 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website ableshipping.co.in.
Company details
Contact details
Able Shipping Agencies (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is ableshipping.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHubtown Vedant Chs 2nd Floor Office No. 7 8 9 Mukundrao Ambedkar Road, Sardar Nagar Sion Koliwada Mumbai., Maharashtra, India – 400037
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Able Shipping Agencies (India) 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
Brands
Able Shipping Agencies (India) operates one associated brand: Able Shipping. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Freight forwarding and logistics services for Indian exporters and importers. | ableshipping.co.in |
Business activity
The main business activity of Able Shipping Agencies (India) is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Able Shipping Agencies (India) Private Limited, buy the company report.
Financials of Able Shipping Agencies (India) Private Limited
FY 2024 filings availableAble Shipping Agencies (India) Private Limited reported revenue of ₹12.94 Cr (up 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 17% growth in the latest year. EBITDA fell 40% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹13.36 Lakh | ||||
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| Net Profit (PAT) | ₹2.55 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 1% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Able Shipping Agencies (India) Private Limited, buy the company report.
Board of directors of Able Shipping Agencies (India) Private Limited
Able Shipping Agencies (India) has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Dashrath Bingi | Director | 10 Jul 2000 | 26 Years 3 Months | Current |
| Anuradha Ganesh Bingi | Director | 30 Apr 2002 | 24 Years 6 Months | Current |
| Shantaram Dayanand Racha | Director | 05 May 2007 | 19 Years 6 Months | Current |
Auditor
Able Shipping Agencies (India) Private Limited is audited by APPAN & LOKHANDWALA ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| APPAN & LOKHANDWALA ASSOCIATES | FY 2023 | 117040W |
Shareholding
The shareholding of Able Shipping Agencies (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Able Shipping Agencies (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2023 | 100789725 | Others | ₹2.96 Cr | Open | |
| 16 Oct 2001 | 90147783 | Punjab & Maharashtra Co-Operative Bank Ltd. | ₹2 Lakh | Open |
To see the full charge records of Able Shipping Agencies (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Able Shipping Agencies (India) Private Limited has 6 court cases on record: 6 filed by Able Shipping Agencies (India). 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 3 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Radiance Chemsol Pvt. Ltd. and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Pozzo International and 4 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary cases) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Pozzo International | Disposed |
To see the full case history of Able Shipping Agencies (India) Private 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 Able Shipping Agencies (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Able Shipping Agencies (India) Private Limited has a workforce of 28 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Able Shipping Agencies (India) has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCA8430F1ZW | Maharashtra | Active | 01 Jul 2017 |
| 24AACCA8430F1Z2 | Gujarat | Active | 01 Aug 2017 |
| 33AACCA8430F1Z3 | Tamil Nadu | Active | 14 Dec 2021 |
To see the full GST registrations and return filing status of Able Shipping Agencies (India) Private Limited, buy the company report.
Recent activity
Able Shipping Agencies (India) Private Limited has 3 board changes on record since 2000: 3 appointments. The latest: Shantaram Dayanand Racha was appointed as Director on 05 May 2007.
Frequently asked questions
Able Shipping Agencies (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 10 July 2000 (26+ years old) and is registered under CIN U63090MH2000PTC127656.
Able Shipping Agencies (India) has 3 current directors:
- Ganesh Dashrath Bingi - Director
- Anuradha Ganesh Bingi - Director
- Shantaram Dayanand Racha - Director
The latest financial statements of Able Shipping Agencies (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Able Shipping Agencies (India) is 27AACCA8430F1ZW, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AACCA8430F1Z2 (Gujarat), 33AACCA8430F1Z3 (Tamil Nadu).
The CIN (Corporate Identification Number) of Able Shipping Agencies (India) is U63090MH2000PTC127656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Able Shipping Agencies (India) has 6 court cases on record: 6 filed by the company. 3 are pending.
Able Shipping Agencies (India) was incorporated on 10 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Shantaram Dayanand Racha was appointed as Director on 05 May 2007. Anuradha Ganesh Bingi was appointed as Director on 30 Apr 2002. Ganesh Dashrath Bingi was appointed as Director on 10 Jul 2000.
Able Shipping Agencies (India) can be reached through the website ableshipping.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Able Shipping Agencies (India) is at Hubtown Vedant Chs 2nd Floor Office No. 7 8 9 Mukundrao Ambedkar Road, Sardar Nagar Sion Koliwada Mumbai., Maharashtra, India – 400037.
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