About Avera Resource Private Limited
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Avera Resource Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 29 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH2005PTC156454. Its GSTIN is 27AAFCA3964P1Z3 (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Avera Chemicals Private Limited. It is led by directors Priya Anandraj and Santosh Balkrishna Joshi.
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 142/A Mittal Court Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2019, the company reported a revenue of ₹4.72 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹1.56 Cr and EBITDA of -₹1.5 Cr. Revenue has declined at a compounded annual rate (CAGR) of 92% over three years.
As per MCA filings, the company has open charges of ₹15.75 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website acitech.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address142/A Mittal Court Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryChemicals and Materials, Chemical Distribution & Retail
- 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
- One PDF report, delivered after checkout
Business Activity of Avera Resource Private Limited
The main business activity of Avera Resource is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Avera Resource Private Limited FY 2019 filings available
Avera Resource Private Limited reported revenue of ₹4.72 Lakh (down 97% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Avera Resource Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 92% over three years, including a 97% fall in the latest year. EBITDA fell 57% 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 of Avera Resource Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹4.72 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.5 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.56 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 of Avera Resource Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Avera Resource are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Avera Resource Private Limited
Avera Resource Private Limited is audited by SHARAD JHUNJHUNWALA & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHARAD JHUNJHUNWALA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Avera Resource Private Limited
Avera Resource has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Balkrishna Joshi Also directs: Aci Techserv Private Limited | Additional Director | 01 Mar 2020 | 6 Years 7 Months | Current |
| Priya Anandraj Also directs: Sunnyvale Agro Private Limited, Aci Techserv Private Limited | Director | 22 Dec 2017 | 8 Years 9 Months | Current |
Ownership and Shareholding of Avera Resource Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Avera Resource Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Mar 2012 | Oriental Bank of Commerce | ₹13.75 Cr | Open |
| 18 Dec 2007 | Oriental Bank of Commerce | ₹1 Cr | Open |
| 18 Dec 2007 | Oriental Bank of Commerce | ₹1 Cr | Open |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Avera Resource Private Limited
Employment history and EPFO contributions of people linked to Avera Resource.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Avera Resource Private Limited
Avera Resource Private Limited has 6 board changes on record since 2011: 2 appointments and 4 cessations. The latest: Omprakash Mohanlal Bohra ceased to be Director on 01 Mar 2020.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Avera Resource Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Avera Resource Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Avera Resource Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Avera Resource Private Limited
Avera Resource has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA3964P1Z3 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Avera Resource Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Avera Resource Private Limited
Avera Resource is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 29 September 2005 (21+ years old) and is registered under CIN U24230MH2005PTC156454.
Avera Resource reported revenue of ₹4.72 Lakh for FY 2019 (down 97% YoY).
Avera Resource has 2 current directors:
- Santosh Balkrishna Joshi - Additional Director
- Priya Anandraj - Director
Avera Resource reported a net loss of ₹1.56 Cr and EBITDA of -₹1.5 Cr for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avera Resource is -92% over three years. In the latest year (FY 2019) revenue fell 97%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Avera Resource is 27AAFCA3964P1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Avera Resource is U24230MH2005PTC156454. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avera Resource was incorporated on 29 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Omprakash Mohanlal Bohra ceased to be Director on 01 Mar 2020. Santosh Balkrishna Joshi was appointed as Additional Director on 01 Mar 2020. Alok Purshottam Gupta ceased to be Director on 02 Apr 2018. Avera Resource has 6 board changes on record in total.
Avera Resource can be reached through the website acitech.in. Its registered office is in Mumbai, Maharashtra, India.