Akshay Vasan Textiles Private Limited
About Akshay Vasan Textiles Private Limited
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Akshay Vasan Textiles Private Limited was a private limited company based in Thane, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the textile weaving segment of the textiles sector. It was incorporated on 04 June 2001.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U17111MH2001PTC132221. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹7 Lakh. It was led by directors including Veena Lalitmohan Seth and Kuosh Sethh.
Its last annual general meeting (AGM) was held on 26 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Plot No.R – 903 Ttc Rabale Behind Ipcl Belapur Rd, Thane, Maharashtra, India – 400701.
As per the financials filed for FY 2017, the company reported a revenue of ₹27,284. For the same year it recorded a net profit of ₹6,154 (net margin 22.6%) and EBITDA of -₹19,730 (EBITDA margin -72.3%).
Company details
Contact details
Akshay Vasan Textiles Private Limited's registered office is in Thane, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No.R – 903 Ttc Rabale Behind Ipcl Belapur Rd, Thane, Maharashtra, India – 400701
- IndustryTextile, Textile Weaving, Cotton Fiber, Spinning & Weaving
To see the full contact details of Akshay Vasan Textiles 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
Financials of Akshay Vasan Textiles Private Limited
FY 2021 filings availableAkshay Vasan Textiles Private Limited reported revenue of ₹27,284 for FY 2017.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹27,284 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹19,730 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹6,154 | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -72.3% | ||
| Net Profit Margin | 22.6% | ||
| 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 Vasan Textiles Private Limited, buy the company report.
Board of directors of Akshay Vasan Textiles Private Limited
Akshay Vasan Textiles has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veena Lalitmohan Seth Also directs: Luvkkush Silk Mills Private Limited | Director | 04 Jun 2001 | 25 Years 4 Months | As last reported |
| Kuosh Sethh Also directs: Luvkkush Silk Mills Private Limited | Director | 04 Jun 2001 | 25 Years 4 Months | As last reported |
| Lalitmohan Chamanlal Seth Also directs: Luvkkush Silk Mills Private Limited | Director | 04 Jun 2001 | 25 Years 4 Months | As last reported |
| Luv Lalitmohan Seth Also directs: Luvkkush Silk Mills Private Limited | Director | 04 Jun 2001 | 25 Years 4 Months | As last reported |
Auditor
Akshay Vasan Textiles Private Limited is audited by MAKHIJA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAKHIJA & ASSOCIATES | FY 2017 | 33610 |
Shareholding
The shareholding of Akshay Vasan Textiles Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Akshay Vasan Textiles Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Akshay Vasan Textiles Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akshay Vasan Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akshay Vasan Textiles has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Akshay Vasan Textiles Private Limited, buy the company report.
Recent activity
Akshay Vasan Textiles Private Limited has 4 board changes on record since 2001: 4 appointments. The latest: Kuosh Sethh was appointed as Director on 04 Jun 2001.
Frequently asked questions
Akshay Vasan Textiles has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Akshay Vasan Textiles was a private limited company based in Thane, Maharashtra, India. The company worked in textile weaving, within the textile industry. It was incorporated on 04 June 2001 and is registered under CIN U17111MH2001PTC132221. The company has been struck off by the Registrar of Companies and is no longer operational.
Akshay Vasan Textiles had 4 directors:
- Veena Lalitmohan Seth - Director
- Kuosh Sethh - Director
- Lalitmohan Chamanlal Seth - Director
- Luv Lalitmohan Seth - Director
The CIN (Corporate Identification Number) of Akshay Vasan Textiles is U17111MH2001PTC132221. 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 Akshay Vasan Textiles is at Plot No.R – 903 Ttc Rabale Behind Ipcl Belapur Rd, Thane, Maharashtra, India – 400701.
Akshay Vasan Textiles was incorporated on 04 June 2001. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Akshay Vasan Textiles on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 26 November 2021. Year-wise statements from 2015 are in the company report.
No. Akshay Vasan Textiles has 2 GST registrations on record and all of them are cancelled or inactive.
Akshay Vasan Textiles operated in the textile industry, in the textile weaving segment. It worked in this industry before it was struck off.
Kuosh Sethh was appointed as Director on 04 Jun 2001. Lalitmohan Chamanlal Seth was appointed as Director on 04 Jun 2001. Luv Lalitmohan Seth was appointed as Director on 04 Jun 2001. Akshay Vasan Textiles has 4 board changes on record in total.
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