Afchem Distribution India Private Limited
About Afchem Distribution India Private Limited
Data last updated:
Afchem Distribution India Private Limited was a foreign private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Afco International Bv. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 02 May 2017.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U51909TN2017FTC116398. Its GSTIN is 33AAPCA5290A1ZW (Tamil Nadu). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Leonardus Johannes Arets and Jan Willem Van Der Velden.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Bbc City Paark New No.76 Flat No. 44 Block 1 Phase 1 Anna Salai Chinna Porur, Chennai, Tamil Nadu, India – 600116.
As per the financials filed for FY 2020, the company reported a revenue of ₹74.5 Cr, a growth of 104% compared to the previous year. For the same year it recorded a net loss of ₹8.43 Cr (net margin -11.3%) and EBITDA of ₹20.7 Cr (EBITDA margin 27.8%).
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Afchem Distribution India Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBbc City Paark New No.76 Flat No. 44 Block 1 Phase 1 Anna Salai Chinna Porur, Chennai, Tamil Nadu, India – 600116
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Afchem Distribution 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
Business activity
The main business activity of Afchem Distribution India is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Afchem Distribution India Private Limited, buy the company report.
Financials of Afchem Distribution India Private Limited
FY 2020 filings availableAfchem Distribution India Private Limited reported revenue of ₹74.5 Cr (up 104% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 104% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹74.5 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹20.7 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹8.43 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 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 27.8% | ||
| Net Profit Margin | -11.3% | ||
| 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 Afchem Distribution India Private Limited, buy the company report.
Board of directors of Afchem Distribution India Private Limited
Afchem Distribution India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Leonardus Johannes Arets | Director | 05 May 2017 | 9 Years 6 Months | As last reported |
| Jan Willem Van Der Velden | Director | 05 May 2017 | 9 Years 6 Months | As last reported |
| Vijay Velu | Director | 02 May 2017 | 9 Years 6 Months | As last reported |
Auditor
Afchem Distribution India Private Limited is audited by T A S S K & ASSOCIATES LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T A S S K & ASSOCIATES LLP | FY 2019 | S200055 |
Shareholding
The shareholding of Afchem Distribution India Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Afchem Distribution India Private Limited, buy the company report.
Legal cases
Afchem Distribution India Private Limited has 2 court cases on record: 2 filed by Afchem Distribution India. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruvallur, Tamil Nadu | Criminal case | Filed by the company against Kiran Global Chem Ltd and 7 others | Disposed |
To see the full case history of Afchem Distribution 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 Afchem Distribution India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Afchem Distribution India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAPCA5290A1ZW | Tamil Nadu | Active | 23 Jul 2017 |
| 27AAPCA5290A1ZP | Maharashtra | Active | 28 May 2018 |
To see the full GST registrations and return filing status of Afchem Distribution India Private Limited, buy the company report.
Recent activity
Afchem Distribution India Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Deepak ceased to be Director on 31 Mar 2020.
Frequently asked questions
Afchem Distribution India has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Afchem Distribution India was a foreign private limited company based in Chennai, Tamil Nadu, India. The company worked in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 02 May 2017 and is registered under CIN U51909TN2017FTC116398. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Afchem Distribution India was incorporated on 02 May 2017. It is registered with the Registrar of Companies, Chennai.
Afchem Distribution India had 3 directors:
- Leonardus Johannes Arets - Director
- Jan Willem Van Der Velden - Director
- Vijay Velu - Director
The CIN (Corporate Identification Number) of Afchem Distribution India is U51909TN2017FTC116398. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Afchem Distribution India is at Bbc City Paark New No.76 Flat No. 44 Block 1 Phase 1 Anna Salai Chinna Porur, Chennai, Tamil Nadu, India – 600116.
The latest financial statements of Afchem Distribution India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Afchem Distribution India is 33AAPCA5290A1ZW, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAPCA5290A1ZP (Maharashtra).
Afchem Distribution India operated in the chemicals and materials industry, in the chemical distribution and retail segment.
Afchem Distribution India has 2 court cases on record: 2 filed by the company.
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