Aspire Strapping Private Limited
About Aspire Strapping Private Limited
Data last updated:
Aspire Strapping Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 28 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24110TN2012PTC084697. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Aspire Chemtek Industries Private Limited and Vikram Fibres Private Limited. It is led by directors including Subramaniam and Barath Vikaraman.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2019, the company reported a revenue of ₹86.39 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net profit of ₹14,121 (net margin 0.2%) and EBITDA of ₹16.9 Lakh (EBITDA margin 19.6%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
As per MCA filings, the company has open charges of ₹75 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Aspire Strapping has undergone 2 name changes throughout its history. The company was previously known as Aspire Chemtek Industries Private Limited, and Vikram Fibres Private Limited. The current legal name is Aspire Strapping Private Limited.
| Company Name | Status |
|---|---|
| Aspire Strapping Private Limited | Current |
| Aspire Chemtek Industries Private Limited | Previous |
| Vikram Fibres Private Limited | Previous |
CIN history
Aspire Strapping has one previous CIN (Corporate Identification Number): U37100TN2012PTC084697. The current CIN is U24110TN2012PTC084697, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24110TN2012PTC084697 | Current |
| U37100TN2012PTC084697 | Previous |
Contact details
Aspire Strapping Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No. 16 2nd Cross Street Paruthipattu Village Sriram Nagar Kamarajar Nagar P, Ost Avadi, Chennai, Tamil Nadu, India – 600071
- IndustryManufacturing, Cable & Wire
To see the full contact details of Aspire Strapping 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 Aspire Strapping is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Aspire Strapping Private Limited, buy the company report.
Financials of Aspire Strapping Private Limited
FY 2019 filings availableAspire Strapping Private Limited reported revenue of ₹86.39 Lakh (down 60% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over three years, including a 60% fall in the latest year. EBITDA fell 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹86.39 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.9 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14,121 | ||||
| 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 | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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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 | 19.6% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Aspire Strapping Private Limited, buy the company report.
Board of directors of Aspire Strapping Private Limited
Aspire Strapping has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramaniam | Director | 28 Feb 2012 | 14 Years 8 Months | Current |
| Barath Vikaraman | Director | 18 Feb 2015 | 11 Years 8 Months | Current |
| Subramaniam Amutha Also directs: V.L.S. Pulp & Chemicals Private Limited | Director | 28 Feb 2012 | 14 Years 8 Months | Current |
Auditor
Aspire Strapping Private Limited is audited by J V S L & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J V S L & ASSOCIATES | FY 2019 | 015002S |
Shareholding
The shareholding of Aspire Strapping Private 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 Aspire Strapping Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Apr 2015 | 10565363 | The Karur Vysya Bank Limited | ₹75 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Aspire Strapping 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 Aspire Strapping Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aspire Strapping 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 Aspire Strapping Private Limited, buy the company report.
Recent activity
Aspire Strapping Private Limited has 4 board changes on record since 2012: 3 appointments and 1 cessation. The latest: Barath Vikaraman ceased to be Additional Director on 29 Sep 2015.
Frequently asked questions
Aspire Strapping is an active private limited company based in Chennai, Tamil Nadu, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 28 February 2012 (14+ years old) and is registered under CIN U24110TN2012PTC084697.
Aspire Strapping has 3 current directors:
- Subramaniam - Director
- Barath Vikaraman - Director
- Subramaniam Amutha - Director
The latest financial statements of Aspire Strapping on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Aspire Strapping has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Aspire Strapping is U24110TN2012PTC084697. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aspire Strapping was incorporated on 28 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
Barath Vikaraman ceased to be Additional Director on 29 Sep 2015. Barath Vikaraman was appointed as Director on 18 Feb 2015. Subramaniam was appointed as Director on 28 Feb 2012. Aspire Strapping has 4 board changes on record in total.
The registered office of Aspire Strapping is at Plot No. 16 2nd Cross Street Paruthipattu Village Sriram Nagar Kamarajar Nagar P, Ost Avadi, Chennai, Tamil Nadu, India – 600071.
Aspire Strapping operates in the manufacturing industry, in the cable and wire segment.
Aspire Strapping has open charges of ₹75 Lakh and no satisfied charges on record as per latest MCA filings.
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