Ambica Polad Private Limited
About Ambica Polad Private Limited
Data last updated:
Ambica Polad Private Limited is a private limited company based in Aurangabad, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 18 May 2009.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH2009PTC192432. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.75 Cr. It is led by directors including Kavita Vithal Akkar (Managing Director) and Vithal Kondiba Akkar (Managing Director).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Plot No. M – 2 MIDC Waluj, Aurangabad, Maharashtra, India – 431136.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.15 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹1.83 Cr (net margin -44%) and EBITDA of ₹23.36 Lakh (EBITDA margin 5.6%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
As per MCA filings, the company has open charges of ₹8.13 Cr and satisfied charges of ₹7.99 Cr on record. Court records list 15 cases involving the company, including 12 filed by the company and 5 filed against it; 3 cases are pending.
Company details
Contact details
Ambica Polad Private Limited's registered office is in Aurangabad, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. M – 2 MIDC Waluj, Aurangabad, Maharashtra, India – 431136
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Ambica Polad 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 Ambica Polad is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ambica Polad Private Limited, buy the company report.
Financials of Ambica Polad Private Limited
FY 2018 filings availableAmbica Polad Private Limited reported revenue of ₹4.15 Cr (down 60% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over three years, including a 60% fall in the latest year. EBITDA fell 27% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹4.15 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹23.36 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.83 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 5.6% | |||
| Net Profit Margin | -44% | |||
| 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 Ambica Polad Private Limited, buy the company report.
Board of directors of Ambica Polad Private Limited
Ambica Polad has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dineshkumar Aggarwal Also directs: Kdra Insolvency Professionals Private Limited | Irp/Rp/Liquidator | 31 May 2024 | 2 Years 5 Months | As last reported |
| Kavita Vithal Akkar Also directs: V. K. Fine Chem Private Limited | Managing Director | 18 May 2009 | 17 Years 5 Months | As last reported |
| Vithal Kondiba Akkar Also directs: V. K. Fine Chem Private Limited | Managing Director | 18 May 2009 | 17 Years 5 Months | As last reported |
Peer comparison
Ambica Polad Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kulwal Iron and Steel Private Limited | ₹4.15 Cr (FY 2025) | -24.0% | Nagpur, Maharashtra, India | |||
| Ambica Polad Private Limitedthis company | ₹4.15 Cr (FY 2018) | -₹1.83 Cr | -44% | -60.0% | Aurangabad, Maharashtra, India | |
| Spark Autometal Comp Private Limited | ₹4.14 Cr (FY 2024) | -38.0% | Satara, Maharashtra, India | |||
| Exploweld Klad Metals Private Limited | ₹4.13 Cr (FY 2025) | -37.0% | Hyderabad, Telangana, India | |||
| Iral Metals Private Limited | ₹4.11 Cr (FY 2019) | 4372.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Ambica Polad Private Limited, buy the company report.
Auditor
Ambica Polad Private Limited is audited by VISHAL R HOLANI & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VISHAL R HOLANI & ASSOCIATES | FY 2018 | 143634W |
Shareholding
The shareholding of Ambica Polad Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ambica Polad Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jan 2014 | 10475292 | Others | ₹8.13 Cr | Open | |
| 28 Aug 2013 | 10455518 | Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd | ₹5 Cr | Satisfied | |
| 30 Jul 2010 | 10237856 | The Akola Urban Co-Operative Bank Limtied | ₹2.99 Cr | Satisfied |
To see the full charge records of Ambica Polad Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Ambica Polad Private Limited has 15 court cases on record: 12 filed by Ambica Polad, 5 filed against it. 3 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 10 | 1 | 3 |
| District courts | 3 | 3 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Ambica Polad Private Limited | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed by the company against Dinesh Kumar Agarwal ;Liquidator of Ambica Polad Private Limited; and 2 others | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Shri Vitthal Akkar Shareholder of M/S. Ambica Polad Private Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Committee of Creditors for M/S. Ambica Polad Private Limited and 1 other | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Shri Avil Menezes (Resolution Professional of Ambica Polad Private Limited) and 2 others | Pending |
To see the full case history of Ambica Polad 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 Ambica Polad Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ambica Polad Private Limited has 1 active EPFO establishment as of Mar 28, 2024.
GST
Ambica Polad 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 Ambica Polad Private Limited, buy the company report.
Recent activity
Ambica Polad Private Limited has 5 board changes on record since 2009: 3 appointments and 2 cessations. The latest: Dineshkumar Aggarwal was appointed as Irp/Rp/Liquidator on 31 May 2024.
3 earlier events are in the company report.
Frequently asked questions
Ambica Polad is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ambica Polad is a company under liquidation, formerly operating as a private limited company based in Aurangabad, Maharashtra, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 18 May 2009 and is registered under CIN U27100MH2009PTC192432. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ambica Polad has 3 current directors:
- Kavita Vithal Akkar - Managing Director
- Vithal Kondiba Akkar - Managing Director
- Dineshkumar Aggarwal - Irp/Rp/Liquidator
The latest financial statements of Ambica Polad on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ambica Polad is U27100MH2009PTC192432. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ambica Polad has open charges of ₹8.13 Cr and satisfied charges of ₹7.99 Cr as per latest MCA filings.
Ambica Polad has 15 court cases on record: 12 filed by the company and 5 filed against it. 3 are pending. Most are in the nclat.
Ambica Polad was incorporated on 18 May 2009. It is registered with the Registrar of Companies, Mumbai.
The peers of Ambica Polad by revenue are Kulwal Iron and Steel Private Limited, Spark Autometal Comp Private Limited, Exploweld Klad Metals Private Limited, Iral Metals Private Limited, all in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products).
Dineshkumar Aggarwal was appointed as Irp/Rp/Liquidator on 31 May 2024. Kavita Vithal Akkar ceased to be Director on 03 Apr 2012. Vithal Kondiba Akkar ceased to be Director on 03 Apr 2012. Ambica Polad has 5 board changes on record in total.
The registered office of Ambica Polad is at Plot No. M – 2 MIDC Waluj, Aurangabad, Maharashtra, India – 431136.
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