Abora Chits Private Limited
About Abora Chits Private Limited
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Abora Chits Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 18 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2004PTC011041.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Jeevanandham Vani and Sivakami.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 182/1 I Floor Selvalakshmi Complex Mettur Road, Erode, Tamil Nadu, India – 638011.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.06 Lakh, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹4.2 Lakh (net margin -204%) and EBITDA of ₹2.03 Lakh (EBITDA margin 98.8%). Revenue has declined at a compounded annual rate (CAGR) of 73% over three years and 50% over five years.
As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Abora Chits Private Limited's registered office is in Erode, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address182/1 I Floor Selvalakshmi Complex Mettur Road, Erode, Tamil Nadu, India – 638011
- IndustryFinancial Services, Financial Activities
To see the full contact details of Abora Chits 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
Financials of Abora Chits Private Limited
FY 2021 filings availableAbora Chits Private Limited reported revenue of ₹2.06 Lakh (down 84% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years, including a 84% fall in the latest year. EBITDA fell 77% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹2.03 Lakh | ||||
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| Net Profit (PAT) | -₹4.2 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | 98.8% | ||||
| Net Profit Margin | -204% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Abora Chits Private Limited, buy the company report.
Board of directors of Abora Chits Private Limited
Abora Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jeevanandham Vani Also directs: Destination Dream Holidays India Limited | Director | 31 Mar 2008 | 18 Years 7 Months | Current |
| Sivakami | Director | 28 Mar 2019 | 7 Years 7 Months | Current |
Auditor
Abora Chits Private Limited is audited by T. SUBRAMANIAN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T. SUBRAMANIAN | FY 2017 | 022720 |
Shareholding
The shareholding of Abora Chits Private 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 Abora Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Apr 2016 | 100036514 | City Union Bank Limited | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Abora Chits Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Erode, Tamil Nadu | Court case (COS) | Filed against the company by an individual | Pending |
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Krishnagiri, Tamil Nadu | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Abora Chits 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 Abora Chits 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 Abora Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Abora Chits Private Limited has 5 board changes on record since 2008: 2 appointments and 3 cessations. The latest: Sivakami ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
Abora Chits is an active private limited company based in Erode, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 18 March 2004 (22+ years old) and is registered under CIN U65992TZ2004PTC011041.
Abora Chits has 2 current directors:
- Jeevanandham Vani - Director
- Sivakami - Director
The latest financial statements of Abora Chits on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Abora Chits is U65992TZ2004PTC011041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abora Chits has 3 court cases on record: 3 filed against it. 1 is pending.
Abora Chits was incorporated on 18 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Coimbatore.
Sivakami ceased to be Additional Director on 30 Sep 2019. Ayyavu Boopathy ceased to be Director on 28 Mar 2019. Sivakami was appointed as Director on 28 Mar 2019. Abora Chits has 5 board changes on record in total.
The registered office of Abora Chits is at 1821 I Floor Selvalakshmi Complex Mettur Road, Erode, Tamil Nadu, India – 638011.
Abora Chits operates in the financial services industry, in the financial activities segment.
Abora Chits has open charges of ₹50 Lakh and no satisfied charges on record as per latest MCA filings.
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