Atul-Aakash Mercantile Private Limited
About Atul-Aakash Mercantile Private Limited
Data last updated:
Atul-Aakash Mercantile Private Limited was a private limited company based in Mumbai, Maharashtra, 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 insurance brokerage and advisory segment of the financial services sector. It was incorporated on 19 July 1983.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1983PTC030446. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3 Lakh.
Its last annual general meeting (AGM) was held on 11 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 141 West Gaothan Vallabhai Road 1 Sarojani Road Near Municipal Market Vile Parle West, Mumbai, Maharashtra, India – 400056.
As per the financials filed for FY 2020, the company reported a revenue of ₹6.94 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹1.68 Lakh (net margin 24.3%) and EBITDA of ₹2.34 Lakh (EBITDA margin 33.7%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 28% over five years.
As per MCA filings, the company has satisfied charges of ₹2.32 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Atul-Aakash Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address141 West Gaothan Vallabhai Road 1 Sarojani Road Near Municipal Market Vile Parle West, Mumbai, Maharashtra, India – 400056
- IndustryFinancial Services, Insurance Brokerage & Advisory
To see the full contact details of Atul-Aakash Mercantile 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 Atul-Aakash Mercantile is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Atul-Aakash Mercantile Private Limited, buy the company report.
Financials of Atul-Aakash Mercantile Private Limited
FY 2020 filings availableAtul-Aakash Mercantile Private Limited reported revenue of ₹6.94 Lakh (down 16% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 16% fall in the latest year. EBITDA fell 51% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6.94 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.34 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.68 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.7% | ||||
| Net Profit Margin | 24.3% | ||||
| 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 Atul-Aakash Mercantile Private Limited, buy the company report.
Board of directors of Atul-Aakash Mercantile Private Limited
Atul-Aakash Mercantile has 4 former directors on record and no current directors listed.
Auditor
Atul-Aakash Mercantile Private Limited is audited by BAJAJ & GOYANKA for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BAJAJ & GOYANKA | FY 2020 | 019291C |
Shareholding
The shareholding of Atul-Aakash Mercantile Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Atul-Aakash Mercantile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Feb 1995 | 90186165 | Bank of Baroda | ₹2.32 Lakh | Satisfied |
To see the full charge records of Atul-Aakash Mercantile Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Atul-Aakash Mercantile Private Limited has 1 court case on record: 1 filed by Atul-Aakash Mercantile. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Atul-Aakash Mercantile 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 Atul-Aakash Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Atul-Aakash Mercantile 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 Atul-Aakash Mercantile Private Limited, buy the company report.
Recent activity
Atul-Aakash Mercantile Private Limited has 4 board changes on record since 2019: 0 appointments and 4 cessations. The latest: Aakash Kushalchandra Mody ceased to be Director on 14 Feb 2021.
Frequently asked questions
Atul-Aakash Mercantile 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.
Atul-Aakash Mercantile was a private limited company based in Mumbai, Maharashtra, India. The company worked in insurance brokerage and advisory, within the financial services industry. It was incorporated on 19 July 1983 and is registered under CIN U51900MH1983PTC030446. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Atul-Aakash Mercantile is U51900MH1983PTC030446. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Atul-Aakash Mercantile was incorporated on 19 July 1983. It is registered with the Registrar of Companies, Mumbai.
The registered office of Atul-Aakash Mercantile is at 141 West Gaothan Vallabhai Road 1 Sarojani Road Near Municipal Market Vile Parle West, Mumbai, Maharashtra, India – 400056.
The latest financial statements of Atul-Aakash Mercantile on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 11 December 2020. Year-wise statements from 2015 are in the company report.
No. Atul-Aakash Mercantile has 1 GST registration on record and it is cancelled or inactive.
Atul-Aakash Mercantile operated in the financial services industry, in the insurance brokerage and advisory segment.
Atul-Aakash Mercantile has 1 court case on record: 1 filed by the company.
Aakash Kushalchandra Mody ceased to be Director on 14 Feb 2021. Atul Kushalchandra Mody ceased to be Director on 14 Feb 2021. Pushplata Kushalchandra Mody ceased to be Director on 14 Feb 2021. Atul-Aakash Mercantile has 4 board changes on record in total.
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