Actif Corporation Limited
About Actif Corporation Limited
Data last updated:
Actif Corporation Limited is a public limited company based in Silvassa, Dadra And Nagar Haveli, India, a subsidiary of Ksl And Industries Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 06 June 2006.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201DN2006PLC000197. Its GSTIN is 27AACCD4014G1Z3 (Maharashtra).
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹71.26 Cr. It was formerly known as Deccan Mills Real Estate and Infrastructure Limited. It is led by directors including Manojkumar Ramjee Sharma (Managing Director) and Trivendra Shambhu Singh.
Its last annual general meeting (AGM) was held on 27 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Plot No. 65/4 Krishna Nagar Village Samarvani Silvassa (U.T. Of D. & N.H.), Dadra and Nagar Haveli, India – 396230.
As per the financials filed for FY 2019, the company reported a revenue of ₹9.09 Cr, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹15.27 Cr (net margin -168%) and EBITDA of -₹1.16 Cr (EBITDA margin -12.8%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years.
As per MCA filings, the company has open charges of ₹322.5 Cr and satisfied charges of ₹84.5 Cr on record. Court records list 57 cases involving the company, including 4 filed by the company and 53 filed against it; 9 cases are pending.
Company details
Contact details
Actif Corporation Limited's registered office is in Silvassa, Dadra And Nagar Haveli. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No. 65/4 Krishna Nagar Village Samarvani Silvassa (U.T. Of D. & N.H.), Dadra and Nagar Haveli, India – 396230
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Actif Corporation 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 Actif Corporation is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Actif Corporation Limited, buy the company report.
Financials of Actif Corporation Limited
FY 2019 filings availableActif Corporation Limited reported revenue of ₹9.09 Cr (down 72% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over three years, including a 72% fall in the latest year. EBITDA fell 328% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹9.09 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.27 Cr | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.8% | ||||
| Net Profit Margin | -168% | ||||
| 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 Actif Corporation Limited, buy the company report.
Board of directors of Actif Corporation Limited
Actif Corporation has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Trivendra Shambhu Singh | Director | 03 Sep 2013 | 13 Years 1 Months | As last reported |
| Narayan Ramchandra Ghumatkar Also directs: Mori Hanol Hydro Power Limited | Director | 28 Feb 2014 | 12 Years 8 Months | As last reported |
| Manojkumar Ramjee Sharma Also directs: Asahi Industries Limited | Managing Director | 22 Oct 2014 | 12 Years 0 Months | As last reported |
| Manasi Indrajit Wadkar Also directs: Asahi Industries Limited | Director | 05 Oct 2015 | 11 Years 0 Months | As last reported |
Peer comparison
Actif Corporation Limited is compared with the 9 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Deez Creations Private Limited | ₹9.11 Cr (FY 2024) | -42.0% | New Delhi, Delhi, India | |||
| RGM Textile Private Limited | ₹9.11 Cr (FY 2025) | 5.0% | Hyderabad, Telangana, India | |||
| Ivani Industries Private Limited | ₹9.1 Cr (FY 2025) | 21.0% | Surat, Gujarat, India | |||
| Om Syntex Private Limited | ₹9.1 Cr (FY 2025) | 0.0% | Surat, Gujarat, India | |||
| Parshwanath Process Private Limited | ₹9.1 Cr (FY 2025) | 131.0% | Borgaon, Karnataka, India | |||
| Actif Corporation Limitedthis company | ₹9.09 Cr (FY 2019) | -₹15.27 Cr | -168% | -72.0% | Silvassa, Dadra And Nagar Haveli, India | |
| Vineet Quality Products Private Limited | ₹9.09 Cr (FY 2025) | 20.0% | Ichalkaranji, Maharashtra, India | |||
| Kaalanjari Industries Private Limited | ₹9.09 Cr (FY 2025) | 264.0% | Kamrej, Gujarat, India | |||
| Botla Processing & Sizing Private Limited | ₹9.08 Cr (FY 2025) | 110.0% | Hyderabad, Telangana, India | |||
| Vhitz Fashions Private Limited | ₹9.08 Cr (FY 2025) | -6.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Actif Corporation Limited, buy the company report.
Auditor
Actif Corporation Limited is audited by RISHI SEKHRI AND ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RISHI SEKHRI AND ASSOCIATES | FY 2019 | 128216W |
Shareholding
The shareholding of Actif Corporation Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Actif Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2011 | 10308495 | Uco Bank | ₹20 Cr | Open | |
| 31 May 2010 | 10227922 | Bank of India | ₹102.5 Cr | Open | |
| 09 May 2008 | 10132594 | Bank of India | ₹200 Cr | Open | |
| 15 Jun 2009 | 10172436 | Bank of India | ₹34.5 Cr | Satisfied | |
| 20 Nov 2007 | 10085233 | Bank of India | ₹50 Cr | Satisfied |
To see the full charge records of Actif Corporation Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Actif Corporation Limited has 57 court cases on record: 4 filed by Actif Corporation, 53 filed against it. 9 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 45 | 44 | 3 |
| NCLAT | 5 | 5 | 3 |
| NCLT | 4 | 3 | 2 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by M/S . Clematis Trading Company Pvt. Ltd and 3 others | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Clematis Trading Company Pvt. Ltd and 4 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CBI CC) | Filed against the company by an individual | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax Central 3 | Pending |
| NCLAT, Court IV | Tribunal matter | Filed against the company by Bank of India | Pending |
To see the full case history of Actif Corporation 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 Actif Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Actif Corporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD4014G1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Actif Corporation Limited, buy the company report.
Recent activity
Actif Corporation Limited has 17 board changes on record since 2008: 4 appointments and 13 cessations. The latest: Manojkumar Ramjee Sharma ceased to be Managing Director on 29 Mar 2022.
17 earlier events are in the company report.
Frequently asked questions
Actif Corporation is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Actif Corporation is a company under insolvency, formerly operating as a public limited company based in Silvassa, Dadra And Nagar Haveli, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 06 June 2006 and is registered under CIN U45201DN2006PLC000197. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Actif Corporation has 4 current directors:
- Manojkumar Ramjee Sharma - Managing Director
- Trivendra Shambhu Singh - Director
- Narayan Ramchandra Ghumatkar - Director
- Manasi Indrajit Wadkar - Director
The latest financial statements of Actif Corporation on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 27 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Actif Corporation is U45201DN2006PLC000197. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Actif Corporation has open charges of ₹322.5 Cr and satisfied charges of ₹84.5 Cr as per latest MCA filings.
Actif Corporation has 57 court cases on record: 4 filed by the company and 53 filed against it. 9 are pending. Most are in the district courts.
Actif Corporation was incorporated on 06 June 2006. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Actif Corporation by revenue are Deez Creations Private Limited, RGM Textile Private Limited, Ivani Industries Private Limited, Om Syntex Private Limited, Parshwanath Process Private Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Manojkumar Ramjee Sharma ceased to be Managing Director on 29 Mar 2022. Neha Nilesh Patil ceased to be Director on 13 Aug 2019. Monica Singh ceased to be Company Secretary on 17 Jun 2019. Actif Corporation has 17 board changes on record in total.
The registered office of Actif Corporation is at Plot No. 654 Krishna Nagar Village Samarvani Silvassa U.T. Of D. & N.H., Dadra and Nagar Haveli, India – 396230.
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