Akshay Properties Private Limited
About Akshay Properties Private Limited
Data last updated:
Akshay Properties Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the real estate financing segment of the financial services sector. It was incorporated on 23 January 1989.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U70101TN1989PTC016776. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.87 Lakh.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 21 2nd Floor Khadernawaz Khan Rd Nawaz Khan Rd, Chennai, Tamil Nadu, India – 600006.
As per the financials filed for FY 2016, the company reported a revenue of ₹58.74 Lakh, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹47.52 Lakh (net margin 80.9%) and EBITDA of ₹56.36 Lakh (EBITDA margin 96%).
Court records list 4 cases involving the company, including 4 filed against it.
Company details
Contact details
Akshay Properties Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address21 2nd Floor Khadernawaz Khan Rd Nawaz Khan Rd, Chennai, Tamil Nadu, India – 600006
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Akshay Properties 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 Akshay Properties is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Akshay Properties Private Limited, buy the company report.
Financials of Akshay Properties Private Limited
FY 2016 filings availableAkshay Properties Private Limited reported revenue of ₹58.74 Lakh (up 30% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 30% in the latest year. EBITDA rose 29% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹58.74 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹56.36 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹47.52 Lakh | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 96% | |
| Net Profit Margin | 80.9% | |
| 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 Akshay Properties Private Limited, buy the company report.
Board of directors of Akshay Properties Private Limited
Akshay Properties has 4 former directors on record and no current directors listed.
Auditor
Akshay Properties Private Limited is audited by SATISH SHAH & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SATISH SHAH & CO | FY 2016 | 003661S |
Shareholding
The shareholding of Akshay Properties Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Akshay Properties Private Limited, buy the company report.
Legal cases
Akshay Properties Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
| NCLAT | 2 | 2 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Ashdan Properties Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Ashdan Properties Private Limited | Disposed |
| High Court, TAMIL NADU | Civil suit | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Akshay Properties 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 Akshay Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akshay Properties 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 Akshay Properties Private Limited, buy the company report.
Recent activity
Akshay Properties Private Limited has 4 board changes on record since 2007: 0 appointments and 4 cessations. The latest: Kavita Naresh Modi ceased to be Director on 01 Mar 2017.
Frequently asked questions
Akshay Properties has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Akshay Properties was a private limited company based in Chennai, Tamil Nadu, India. The company worked in real estate financing, within the financial services industry. It was incorporated on 23 January 1989 and is registered under CIN U70101TN1989PTC016776. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Akshay Properties is U70101TN1989PTC016776. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshay Properties was incorporated on 23 January 1989. It is registered with the Registrar of Companies, Chennai.
The registered office of Akshay Properties is at 21 2nd Floor Khadernawaz Khan Rd Nawaz Khan Rd, Chennai, Tamil Nadu, India – 600006.
The latest financial statements of Akshay Properties on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Akshay Properties has 1 GST registration on record and it is cancelled or inactive.
Akshay Properties operated in the financial services industry, in the real estate financing segment.
Akshay Properties has 4 court cases on record: 4 filed against it. Most are in the high courts.
Kavita Naresh Modi ceased to be Director on 01 Mar 2017. Naresh Modi ceased to be Director on 01 Mar 2017. Vijaya Kumar Dar ceased to be Director on 04 Feb 2017. Akshay Properties has 4 board changes on record in total.
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