About Avakash Properties Private Limited
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Avakash Properties Private Limited was a private limited company based in Pune, 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 brokerage and trading services segment of the financial services sector. It was incorporated on 01 March 1993.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U67110PN1993PTC070986. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹6.4 Cr and a paid-up capital of ₹6.14 Cr. It was formerly known as Avakash Holdings Pvt Ltd.
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 212/2 Off Soli Poonawallaroad Hadpsar, Pune, Maharashtra, India – 411028.
As per the financials filed for FY 2016, the company reported a revenue of ₹4.37 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹1.45 Cr (net margin 33.1%) and EBITDA of ₹3.85 Cr (EBITDA margin 88.1%).
As per MCA filings, the company has satisfied charges of ₹22.65 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The last known website on record is poonawallagroup.com.
Company details
CIN history
Avakash Properties has one previous CIN (Corporate Identification Number): U67110MH1993PTC070986. The current CIN is U67110PN1993PTC070986, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67110PN1993PTC070986 | Current |
| U67110MH1993PTC070986 | Previous |
Contact details
Avakash Properties Private Limited's registered office is in Pune, Maharashtra. Its website is poonawallagroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address212/2 Off Soli Poonawallaroad Hadpsar, Pune, Maharashtra, India – 411028
- IndustryFinancial Services, Brokerage & Trading Services, Real Estate Financing
To see the full contact details of Avakash 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 activities of Avakash Properties are financial and insurance service and trade. In detail, this covers other financial activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Avakash Properties Private Limited, buy the company report.
Financials of Avakash Properties Private Limited
FY 2016 filings availableAvakash Properties Private Limited reported revenue of ₹4.37 Cr (down 41% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 41% in the latest year. EBITDA fell 45% 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 | ₹4.37 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹3.85 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1.45 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 88.1% | |
| Net Profit Margin | 33.1% | |
| 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 Avakash Properties Private Limited, buy the company report.
Board of directors of Avakash Properties Private Limited
Avakash Properties has 7 former directors on record and no current directors listed.
Auditor
Avakash Properties Private Limited is audited by PATKI & SOMAN for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATKI & SOMAN | FY 2016 | 107830W |
Shareholding
The shareholding of Avakash 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 Avakash Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2014 | 10503768 | Hdfc Bank Limited | ₹10 Cr | Satisfied | |
| 27 Sep 2005 | 90094248 | Uti Bank Limited | ₹12.65 Cr | Satisfied |
To see the full charge records of Avakash Properties Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Avakash Properties Private Limited has 2 court cases on record: 1 filed by Avakash Properties, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Income Tax - I, Pune. | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (Mun.Appeal) | Filed by the company against The Municipal Corporation of Greater Mumbai Anr. | Disposed |
To see the full case history of Avakash 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 Avakash Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avakash 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 Avakash Properties Private Limited, buy the company report.
Recent activity
Avakash Properties Private Limited has 7 board changes on record since 2012: 0 appointments and 7 cessations. The latest: Yohan Zavareh Poonawalla ceased to be Director on 28 Mar 2017.
2 earlier events are in the company report.
Frequently asked questions
Avakash 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.
Avakash Properties was a private limited company based in Pune, Maharashtra, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 01 March 1993 and is registered under CIN U67110PN1993PTC070986. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Avakash Properties is U67110PN1993PTC070986. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avakash Properties was incorporated on 01 March 1993. It is registered with the Registrar of Companies, Mumbai.
Avakash Properties can be reached through the website poonawallagroup.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Avakash Properties is at 2122 Off Soli Poonawallaroad Hadpsar, Pune, Maharashtra, India – 411028.
The latest financial statements of Avakash 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. Avakash Properties has 1 GST registration on record and it is cancelled or inactive.
Avakash Properties operated in the financial services industry, in the brokerage and trading services segment.
Avakash Properties has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.