About Akar Corrugators Private Limited
Data last updated:
Akar Corrugators Private Limited is a private limited company based in Aurangabad, Maharashtra, India. It operates in the furniture segment of the wood and timber products sector. It was incorporated on 23 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U21020MH2010PTC211298. Its GSTIN is 27AAJCA0488J1ZE (Maharashtra).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It is led by directors Fehmidabano Farash Ibrahim and Mohd Ibrahim Kasamali Farash.
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 P. No. E/85 M.I.D.C. Waluj, Aurangabad, Maharashtra, India – 431001.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.41 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹1.17 Cr (net margin -83%) and EBITDA of -₹57.12 Lakh (EBITDA margin -40.5%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 26% over five years.
As per MCA filings, the company has open charges of ₹5.4 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website new.akarpackagingind.com.
Company details
Contact details
Akar Corrugators Private Limited's registered office is in Aurangabad, Maharashtra. Its website is new.akarpackagingind.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressP. No. E/85 M.I.D.C. Waluj, Aurangabad, Maharashtra, India – 431001
- IndustryWood, Furniture, Paper & Paper Products, Wood & Wood Products
To see the full contact details of Akar Corrugators 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 Akar Corrugators is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Akar Corrugators Private Limited, buy the company report.
Financials of Akar Corrugators Private Limited
FY 2021 filings availableAkar Corrugators Private Limited reported revenue of ₹1.41 Cr (down 60% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 60% fall in the latest year. EBITDA rose 25% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.41 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹57.12 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.17 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -40.5% | ||||
| Net Profit Margin | -83% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Akar Corrugators Private Limited, buy the company report.
Board of directors of Akar Corrugators Private Limited
Akar Corrugators has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Fehmidabano Farash Ibrahim | Director | 16 Sep 2021 | 5 Years 1 Months | Current |
| Mohd Ibrahim Kasamali Farash | Additional Director | 08 Jul 2011 | 15 Years 3 Months | Current |
Peer comparison
Akar Corrugators Private Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nishat Papers Private Limited | ₹1.44 Cr (FY 2025) | -34.0% | Chandigarh, India | |||
| Koffer Packaging Private Limited | ₹1.41 Cr (FY 2024) | 0.0% | Namakkal, Tamil Nadu, India | |||
| Akar Corrugators Private Limitedthis company | ₹1.41 Cr (FY 2021) | -₹1.17 Cr | -83% | -60.0% | Aurangabad, Maharashtra, India | |
| A A Packaging Private Limited | ₹1.41 Cr (FY 2021) | -28.0% | Durgapur, West Bengal, India | |||
| BLS Packaging Solutions Private Limited | ₹1.41 Cr (FY 2024) | -2.0% | Ghaziabad, Uttar Pradesh, India | |||
| Greenart Box Private Limited | ₹1.4 Cr (FY 2019) | -21.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Akar Corrugators Private Limited, buy the company report.
Auditor
Akar Corrugators Private Limited is audited by MUKUND PAGE & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKUND PAGE & CO | FY 2021 | 147805W |
Shareholding
The shareholding of Akar Corrugators Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Akar Corrugators Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2014 | 10543847 | State Bank of India | ₹4.8 Cr | Open | |
| 22 Oct 2013 | 10456016 | State Bank of India | ₹60 Lakh | Open |
To see the full charge records of Akar Corrugators Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Akar Corrugators Private Limited has 4 court cases on record: 1 filed by Akar Corrugators, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company against Good Day Foods Private Limited | Disposed |
| District court, Aurangabad, Maharashtra | Civil suit | Filed against the company by M/S Pranshu Paper Pvt Ltd | Pending |
| District court, Aurangabad, Maharashtra | Criminal miscellaneous application | Filed against the company by State_Bank of India | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by an individual | Disposed |
To see the full case history of Akar Corrugators 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 Akar Corrugators Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akar Corrugators has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCA0488J1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akar Corrugators Private Limited, buy the company report.
Recent activity
Akar Corrugators Private Limited has 10 board changes on record since 2011: 3 appointments and 7 cessations. The latest: Adeshkumar Samadhan Wakode ceased to be Director on 20 Dec 2022.
4 earlier events are in the company report.
Frequently asked questions
Akar Corrugators is an active private limited company based in Aurangabad, Maharashtra, India. The company works in furniture, within the wood industry. It was incorporated on 23 December 2010 (16+ years old) and is registered under CIN U21020MH2010PTC211298.
Akar Corrugators has 2 current directors:
- Fehmidabano Farash Ibrahim - Director
- Mohd Ibrahim Kasamali Farash - Additional Director
The latest financial statements of Akar Corrugators 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 GSTIN of Akar Corrugators is 27AAJCA0488J1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Akar Corrugators is U21020MH2010PTC211298. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akar Corrugators has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Akar Corrugators was incorporated on 23 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Akar Corrugators by revenue are Nishat Papers Private Limited, Koffer Packaging Private Limited, A A Packaging Private Limited, BLS Packaging Solutions Private Limited, Greenart Box Private Limited, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Adeshkumar Samadhan Wakode ceased to be Director on 20 Dec 2022. Parmeshwar Suryabhanji Najarkar ceased to be Director on 20 Dec 2022. Fehmidabano Farash Ibrahim was appointed as Director on 16 Sep 2021. Akar Corrugators has 10 board changes on record in total.
Akar Corrugators can be reached through the website new.akarpackagingind.com. Its registered office is in Aurangabad, Maharashtra, India.
The registered office of Akar Corrugators is at P. No. E85 M.I.D.C. Waluj, Aurangabad, Maharashtra, India – 431001.