Akar Laminators Limited
About Akar Laminators Limited
Data last updated:
Akar Laminators Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 26 June 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U20211GJ1989PLC012415. Its GSTIN is 24AABCA2778H2ZR (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹17.18 Cr. It was formerly known as Akar Laminators Private Limited. It is led by directors including Manoj Bhagwandas Shah and Prajesh Manojbhai Shah.
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 B 505 Infinity Tower Near Ramada Hotel Corporate Road Prahlad Nagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.99 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹1.9 Cr (net margin -63.5%) and EBITDA of -₹1.49 Cr (EBITDA margin -49.9%). Revenue has declined at a compounded annual rate (CAGR) of 56% over three years and 34% over five years.
As per MCA filings, the company has open charges of ₹4 Cr and satisfied charges of ₹62.8 Cr on record. Court records list 209 cases involving the company, including 67 filed by the company and 143 filed against it; 28 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Akar Laminators has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U20211GJ1989PLC012415, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U20211GJ1989PLC012415 | Current |
| L20211GJ1989PLC012415 | Previous |
| U20211GJ1989PTC012415 | Previous |
Contact details
Akar Laminators Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB 505 Infinity Tower Near Ramada Hotel Corporate Road Prahlad Nagar, Ahmedabad, Gujarat, India – 380015
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Akar Laminators 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
Financials of Akar Laminators Limited
FY 2021 filings availableAkar Laminators Limited reported revenue of ₹2.99 Cr (down 87% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over five years, including a 87% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2.99 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹1.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.9 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -49.9% | ||||
| Net Profit Margin | -63.5% | ||||
| 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 Laminators Limited, buy the company report.
Board of directors of Akar Laminators Limited
Akar Laminators has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Bhagwandas Shah Also directs: Rushabh Convertors Private Limited, Rushabh Flexipack Limited | Director | 14 Feb 2018 | 8 Years 8 Months | Current |
| Prajesh Manojbhai Shah Also directs: Rushabh Flexipack Limited | Director | 26 Dec 2013 | 12 Years 10 Months | Current |
| Kaiwan Ashwin Sheth Also directs: Ridhi Petrochem Private Limited | Director | 14 Feb 2018 | 8 Years 8 Months | Current |
Auditor
Akar Laminators Limited is audited by R R MANDALI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R R MANDALI & CO | FY 2019 | 114223W |
Shareholding
The shareholding of Akar Laminators Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Akar Laminators Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 1997 | 80066448 | Industrial Investment Bank of India | ₹4 Cr | Open | |
| 05 Jul 1999 | 90099025 | Optical Disc Marketing India Private Limited | ₹16.7 Cr | Satisfied | |
| 07 Apr 1998 | 90098810 | Optical Disc Marketing India Private Limited | ₹25 Cr | Satisfied | |
| 28 Jan 1997 | 90098544 | Optical Disc Marketing India Private Limited | ₹10 Cr | Satisfied | |
| 24 Dec 1996 | 90098532 | Optical Disc Marketing India Private Limited | ₹9.6 Cr | Satisfied |
To see the full charge records of Akar Laminators Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Akar Laminators Limited has 209 court cases on record: 67 filed by Akar Laminators, 143 filed against it. 28 cases are pending and 181 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 118 | 87 | 18 |
| High courts | 84 | 50 | 6 |
| NCLAT | 5 | 5 | 4 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 209)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmednagar, Maharashtra | Civil suit | Filed against the company by Ms Videocon Leasing and Industrial Finance Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Dic India Ltd. | Pending |
| Bombay High Court | Writ petition | Filed by the company against Crystal Software Solutions Ltd | Pending |
| District court, Ahmednagar, Maharashtra | Criminal miscellaneous application | Filed by the company against Videocon Industries Ltd. THR. Abhijit Guhathakurtha | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Ms. Videocon International Ltd. | Disposed |
To see the full case history of Akar Laminators 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 Laminators Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akar Laminators has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA2778H2ZR | Gujarat | Active | 30 Aug 2018 |
To see the full GST registrations and return filing status of Akar Laminators Limited, buy the company report.
Recent activity
Akar Laminators Limited has 9 board changes on record since 2013: 3 appointments and 6 cessations. The latest: Hasmukh Tarachand Sheth ceased to be Managing Director on 20 Dec 2019.
16 earlier events are in the company report.
Frequently asked questions
Akar Laminators is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 26 June 1989 (37+ years old) and is registered under CIN U20211GJ1989PLC012415.
Akar Laminators has 3 current directors:
- Manoj Bhagwandas Shah - Director
- Prajesh Manojbhai Shah - Director
- Kaiwan Ashwin Sheth - Director
The latest financial statements of Akar Laminators 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 Laminators is 24AABCA2778H2ZR, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Akar Laminators is U20211GJ1989PLC012415. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akar Laminators has 209 court cases on record: 67 filed by the company and 143 filed against it. 28 are pending. Most are in the district courts.
Akar Laminators was incorporated on 26 June 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hasmukh Tarachand Sheth ceased to be Managing Director on 20 Dec 2019. Prajesh Manojbhai Shah ceased to be Additional Director on 29 Sep 2018. Harshad M Panchal ceased to be Director on 08 May 2018. Akar Laminators has 9 board changes on record in total.
The registered office of Akar Laminators is at B 505 Infinity Tower Near Ramada Hotel Corporate Road Prahlad Nagar, Ahmedabad, Gujarat, India – 380015.
Akar Laminators operates in the packaging industry, in the industrial packaging solutions segment.