Achal Finance Limited.
About Achal Finance Limited.
Data last updated:
Achal Finance Limited. is a public limited company based in Belgaum, Karnataka, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 26 February 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1992PLC012877. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.3 Cr. It was formerly known as Achal Finance Private Limited. It is led by directors including Suhas Gurappa Humbarwadi (Managing Director) and Virendra Gurappa Humbarwadi.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. 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 ₹30 Lakh and satisfied charges of ₹1 Cr on record. Court records list 22 cases involving the company, including 21 filed by the company and 1 filed against it. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹17 Lakh; the latest was in December 2008.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Achal Finance Limited has one previous CIN (Corporate Identification Number): U65992KA1992PTC012877. The current CIN is U65992KA1992PLC012877, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992KA1992PLC012877 | Current |
| U65992KA1992PTC012877 | Previous |
Contact details
Achal Finance Limited.'s registered office is in Belgaum, Karnataka. Its e-mail address is in the company report.
- Email
- Registered Address280/2 Mayflower Apartment Agarkar Road Tilakwadi, Belgaum, Karnataka, India – 590006
- IndustryFinancial Services, NBFC, Investment & Credit NBFC, Asset Financing Companies
To see the full contact details of Achal Finance 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 Achal Finance Limited is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
Financials of Achal Finance Limited.
FY 2018 filings availableAchal Finance Limited. reported revenue of ₹3,485 (down 99% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 81% over three years, including a 99% fall 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 | ₹3,485 | |||
| Cost of Materials Consumed | ||||
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| Net Profit (PAT) | ||||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
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| Investments | ||||
| Inventories | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
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| Net Profit Margin | ||||
| Return on Equity (ROE) | ||||
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| Liquidity and Debt | ||||
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| Receivable Days | ||||
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| Revenue Growth | ||||
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To see the full financial statements and ratios of Achal Finance Limited., buy the company report.
Board of directors of Achal Finance Limited.
Achal Finance Limited has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suhas Gurappa Humbarwadi | Managing Director | 26 Feb 1992 | 34 Years 8 Months | Current |
| Virendra Gurappa Humbarwadi | Director | 18 May 2001 | 25 Years 5 Months | Current |
| Roopa Suhas Humbarwadi | Director | 02 Dec 2014 | 11 Years 10 Months | Current |
Auditor
Achal Finance Limited. is audited by MARATHE HARGUDE & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MARATHE HARGUDE & CO | FY 2018 | 002008S |
Shareholding
The shareholding of Achal Finance Limited. is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Achal Finance Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2008 | 10084991 | The Western India Trustee and Executor Company Limited | ₹30 Lakh | Open | |
| 25 Aug 2000 | 90199360 | The United Western Bank Ltd. | ₹50 Lakh | Satisfied | |
| 10 Nov 1999 | 90200430 | The United Western Bank Ltd. | ₹50 Lakh | Satisfied |
To see the full charge records of Achal Finance Limited., buy the company report.
Total charge records: 3 View all charges
Deals & funding
Achal Finance Limited. has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹17 Lakh; the latest was in December 2008.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2008 | Funding round | ₹17 Lakh | Investors: an individual |
| Oct 2008 | Secondary share transfer | Undisclosed | Buyer: Achal Automobiles Private Limited , an individual Seller: 4 individuals |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Achal Finance Limited. has 22 court cases on record: 21 filed by Achal Finance Limited, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Achal Finance 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 Finance Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Achal Finance Limited 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 Achal Finance Limited., buy the company report.
Recent activity
Achal Finance Limited. has 5 board changes on record since 1992: 3 appointments and 2 cessations. The latest: Roopa Suhas Humbarwadi ceased to be Additional Director on 18 Aug 2015.
1 earlier event is in the company report.
Frequently asked questions
Achal Finance Limited is an active public limited company based in Belgaum, Karnataka, India. The company works in nbfc, within the financial services industry. It was incorporated on 26 February 1992 (34+ years old) and is registered under CIN U65992KA1992PLC012877.
Achal Finance Limited has 3 current directors:
- Suhas Gurappa Humbarwadi - Managing Director
- Virendra Gurappa Humbarwadi - Director
- Roopa Suhas Humbarwadi - Director
The latest financial statements of Achal Finance Limited on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Achal Finance Limited has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Achal Finance Limited is U65992KA1992PLC012877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Achal Finance Limited has 22 court cases on record: 21 filed by the company and 1 filed against it.
Achal Finance Limited was incorporated on 26 February 1992, making it 34+ years old. It is registered with the Registrar of Companies, Bangalore.
Achal Finance Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹17 Lakh; the latest was in December 2008.
Roopa Suhas Humbarwadi ceased to be Additional Director on 18 Aug 2015. Roopa Suhas Humbarwadi was appointed as Director on 02 Dec 2014. Anand Sadashiv Marathe ceased to be Director on 10 Oct 2014. Achal Finance Limited has 5 board changes on record in total.
The registered office of Achal Finance Limited is at 2802 Mayflower Apartment Agarkar Road Tilakwadi, Belgaum, Karnataka, India – 590006.
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