About Axis Shipping Agency Private Limited
Data last updated:
Axis Shipping Agency Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 05 October 1994.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH1994PTC081775. The company has 6 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8 Lakh. It was led by directors including Darshan Atool Sheth and Ashish Atool Sheth.
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 was at 2nd Flr Kulkarni Patil Bhavan14 Murzban Rd Opp New Empire, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2019, the company reported a revenue of ₹5.59 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹46.18 Lakh (net margin 8.3%) and EBITDA of ₹1.42 Cr (EBITDA margin 25.4%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
The company had about 40 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Axis Shipping.
The last known website on record is axisshipping-india.com.
Company details
Contact details
Axis Shipping Agency Private Limited's registered office is in Mumbai, Maharashtra. Its website is axisshipping-india.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Flr Kulkarni Patil Bhavan14 Murzban Rd Opp New Empire, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Axis Shipping Agency 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
Brands
Axis Shipping Agency operates one associated brand: Axis Shipping. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Shipping and logistics services including FCL, LCL, warehousing, and cargo handling. | axisshipping-india.com |
Business activity
The main business activity of Axis Shipping Agency is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Axis Shipping Agency Private Limited, buy the company report.
Financials of Axis Shipping Agency Private Limited
FY 2019 filings availableAxis Shipping Agency Private Limited reported revenue of ₹5.59 Cr (down 30% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over three years, including a 30% fall in the latest year. EBITDA fell 74% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹5.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹46.18 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.4% | ||||
| Net Profit Margin | 8.3% | ||||
| 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 Axis Shipping Agency Private Limited, buy the company report.
Board of directors of Axis Shipping Agency Private Limited
Axis Shipping Agency has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshan Atool Sheth Also directs: Gujarat Multimodal Logistics Park Private Limited, Cel Logistics Private Limited, CKB Global Logistics Private Limited and 3 more | Director | 05 Oct 1994 | 32 Years 1 Months | As last reported |
| Ashish Atool Sheth | Director | 05 Oct 1994 | 32 Years 1 Months | As last reported |
| Atool Surendra Sheth | Director | 02 Jan 1995 | 31 Years 10 Months | As last reported |
| Apurva Ashwin Sheth Also directs: Gujarat Multimodal Logistics Park Private Limited, Cel Logistics Private Limited, Celware Logistics Private Limited and 3 more | Director | 02 Jan 1995 | 31 Years 10 Months | As last reported |
| Anand Arvind Sheth Also directs: Gujarat Multimodal Logistics Park Private Limited, Drewes Logistics India Private Limited, Cel Logistics Private Limited and 2 more | Director | 05 Oct 1994 | 32 Years 1 Months | As last reported |
Auditor
Axis Shipping Agency Private Limited is audited by DALAL DOCTOR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DALAL DOCTOR & ASSOCIATES | FY 2019 | 120833W |
Shareholding
The shareholding of Axis Shipping Agency 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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Axis Shipping Agency Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Axis Shipping Agency 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
Axis Shipping Agency Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 6 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Chinubhai Kalidass Bros. | |||
| Links Forwarders Pvt Ltd | |||
| Freightbridge Logistics Private Limited | |||
| United Freight Management Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Axis Shipping Agency Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Axis Shipping Agency Private Limited has a workforce of 40 employees on its EPFO records as of Jan 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 40 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Axis Shipping Agency Private Limited, buy the company report.
GST
Axis Shipping Agency has 6 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Axis Shipping Agency Private Limited, buy the company report.
Recent activity
Axis Shipping Agency Private Limited has 7 board changes on record since 1994: 5 appointments and 2 cessations. The latest: Ashwin Surendra Sheth ceased to be Director on 29 Oct 2015.
Frequently asked questions
Axis Shipping Agency has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Axis Shipping Agency was a private limited company based in Mumbai, Maharashtra, India. The company worked in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 05 October 1994 and is registered under CIN U63090MH1994PTC081775. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Axis Shipping Agency was incorporated on 05 October 1994. It is registered with the Registrar of Companies, Mumbai.
Axis Shipping Agency had 5 directors:
- Darshan Atool Sheth - Director
- Ashish Atool Sheth - Director
- Atool Surendra Sheth - Director
- Apurva Ashwin Sheth - Director
- Anand Arvind Sheth - Director
The CIN (Corporate Identification Number) of Axis Shipping Agency is U63090MH1994PTC081775. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Axis Shipping Agency is at 2nd Flr Kulkarni Patil Bhavan14 Murzban Rd Opp New Empire, Mumbai, Maharashtra, India – 400001.
Axis Shipping Agency can be reached through the website axisshipping-india.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Axis Shipping Agency 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. Axis Shipping Agency has 6 GST registrations on record and all of them are cancelled or inactive.
Axis Shipping Agency operated in the transport and logistics industry, in the integrated and diversified logistics services segment.
Axis Shipping Agency has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 6 overdue payments to 6 micro and small suppliers. The latest return was filed on 01 Nov 2019.
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