Achal Automobiles Private Limited
About Achal Automobiles Private Limited
Data last updated:
Achal Automobiles Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 21 March 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29199KA1995PTC017425.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹30.45 Lakh. It is led by directors Suhas Gurappa Humbarwadi and Virendra Gurappa Humbarwadi.
Its last annual general meeting (AGM) was held on 05 September 2011, and its latest financial statements are for the year ended 31 March 2011. The registered office is at 280/2 Mayflower Apartment Agarkar Road Tilakwadi, Belgaum, Karnataka, India – 590006.
As per MCA filings, the company has open charges of ₹7.55 Cr and satisfied charges of ₹4.4 Cr on record. Court records list 27 cases involving the company, including 5 filed by the company and 22 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Achal Automobiles Private Limited's registered office is in Belgaum, Karnataka.
- Registered Address280/2 Mayflower Apartment Agarkar Road Tilakwadi, Belgaum, Karnataka, India – 590006
- IndustryAutomotive, Auto Dealership & Trading
- 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 Achal Automobiles Private Limited
FY 2011 filings availableFinancial Statement Summary
| Metrics | FY 2010-11 |
|---|---|
| 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 | |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | |
| 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 2010-11 |
|---|---|
| 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 Achal Automobiles Private Limited, buy the company report.
Board of directors of Achal Automobiles Private Limited
Achal Automobiles has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suhas Gurappa Humbarwadi | Director | 21 Sep 1995 | 31 Years 1 Months | Current |
| Virendra Gurappa Humbarwadi | Director | 09 Oct 1995 | 31 Years 1 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2010 | 10216150 | Solapur Janata Sahakari Bank Limited | ₹80 Lakh | Open | |
| 22 Jan 2009 | 10139644 | Dombivli Nagari Sahakari Bank Limited | ₹6 Cr | Open | |
| 12 Apr 2007 | 10077480 | The Solapur Janata Sahakari Bank Limited | ₹75 Lakh | Open | |
| 24 Feb 1999 | 90192027 | Solapur Janata Sahakari Bank Limited | ₹4.4 Cr | Satisfied |
To see the full charge records of Achal Automobiles Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Achal Automobiles Private Limited has 27 court cases on record: 5 filed by Achal Automobiles, 22 filed against it. 3 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 21 | 2 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solapur, Maharashtra | Civil suit | Filed against the company by Axis Bank Ltd | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Birla Global Finance Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Ms Birla Global Asset Finance Co.Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Birla Global Finance Ltd. | Disposed |
| High Court, KARNATAKA | Writ petition | Filed against the company by an individual | Pending |
To see the full case history of Achal Automobiles 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 Achal Automobiles 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 Achal Automobiles Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Achal Automobiles Private Limited has 3 board changes on record since 1995: 2 appointments and 1 cessation. The latest: Anand Sadashiv Marathe ceased to be Director on 07 Mar 2011.
1 earlier event is in the company report.
Frequently asked questions
Achal Automobiles is an active private limited company based in Belgaum, Karnataka, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 21 March 1995 (31+ years old) and is registered under CIN U29199KA1995PTC017425.
Achal Automobiles has 2 current directors:
- Suhas Gurappa Humbarwadi - Director
- Virendra Gurappa Humbarwadi - Director
The latest financial statements of Achal Automobiles on record with the MCA are for the year ended 31 March 2011. Its last annual general meeting was held on 05 September 2011. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Achal Automobiles is U29199KA1995PTC017425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Achal Automobiles has 27 court cases on record: 5 filed by the company and 22 filed against it. 3 are pending. Most are in the district courts.
Achal Automobiles was incorporated on 21 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Anand Sadashiv Marathe ceased to be Director on 07 Mar 2011. Virendra Gurappa Humbarwadi was appointed as Director on 09 Oct 1995. Suhas Gurappa Humbarwadi was appointed as Director on 21 Sep 1995.
The registered office of Achal Automobiles is at 2802 Mayflower Apartment Agarkar Road Tilakwadi, Belgaum, Karnataka, India – 590006.
Achal Automobiles operates in the automotive industry, in the auto dealership and trading segment.
Achal Automobiles has open charges of ₹7.55 Cr and satisfied charges of ₹4.4 Cr 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.
