About Axistech Automation Private Limited
Data last updated:
Axistech Automation Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electrical equipment manufacturing segment of the electrical equipment sector. It was incorporated on 20 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29221KA2012PTC064478. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shivanand Basavaraj Ammanagi and Narayan Jayaraju Yadur.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at No 513 Ground Floor Kottigepalya Vishwaneedam Post Magadi Main Road, Bangalore, Karnataka, India – 560091.
As per the financials filed for FY 2017, the company reported a revenue of ₹49.6 Lakh, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹21.63 Lakh (net margin -43.6%) and EBITDA of -₹13.6 Lakh (EBITDA margin -27.4%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹43.1 Lakh on record. Court records list 12 cases involving the company, including 1 filed by the company and 11 filed against it; 4 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website axistech-india.com.
Company details
Contact details
Axistech Automation Private Limited's registered office is in Bangalore, Karnataka. Its website is axistech-india.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 513 Ground Floor Kottigepalya Vishwaneedam Post Magadi Main Road, Bangalore, Karnataka, India – 560091
- IndustryElectrical, Electrical Equipment, Transport Equipment, General Purpose And Special Purpose Machinery & Equipment
To see the full contact details of Axistech Automation 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 Axistech Automation is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Axistech Automation Private Limited, buy the company report.
Financials of Axistech Automation Private Limited
FY 2017 filings availableAxistech Automation Private Limited reported revenue of ₹49.6 Lakh (down 27% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over three years, including a 27% fall in the latest year. EBITDA fell 234% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹49.6 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹13.6 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹21.63 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -27.4% | ||
| Net Profit Margin | -43.6% | ||
| 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 Axistech Automation Private Limited, buy the company report.
Board of directors of Axistech Automation Private Limited
Axistech Automation has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivanand Basavaraj Ammanagi Also directs: Safecon Systems LLP | Director | 06 Sep 2017 | 9 Years 1 Months | Current |
| Narayan Jayaraju Yadur | Director | 20 Jun 2012 | 14 Years 4 Months | Current |
| Prakash Ganganarasaiah | Director | 20 Jun 2012 | 14 Years 4 Months | Current |
Auditor
Axistech Automation Private Limited is audited by MSPP&ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSPP&ASSOCIATES | FY 2017 | 013036S |
Shareholding
The shareholding of Axistech Automation Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Axistech Automation Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Mar 2014 | 10487697 | Canara Bank | ₹43.1 Lakh | Open |
To see the full charge records of Axistech Automation Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Axistech Automation Private Limited has 12 court cases on record: 1 filed by Axistech Automation, 11 filed against it. 4 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 3 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (CRL.P) | Filed by the company against M/S Yaskawa India Pvt Ltd., | Pending |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Yaskawa India Private Limited | Pending |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Yaskawa India Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms. Igus India Pvt Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S HDFC Bank Limited | Disposed |
To see the full case history of Axistech Automation 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 Axistech Automation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Axistech Automation 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 Axistech Automation Private Limited, buy the company report.
Recent activity
Axistech Automation Private Limited has 3 board changes on record since 2012: 3 appointments. The latest: Shivanand Basavaraj Ammanagi was appointed as Director on 06 Sep 2017.
Frequently asked questions
Axistech Automation is an active private limited company based in Bangalore, Karnataka, India. The company works in electrical equipment, within the electrical industry. It was incorporated on 20 June 2012 (14+ years old) and is registered under CIN U29221KA2012PTC064478.
Axistech Automation has 3 current directors:
- Shivanand Basavaraj Ammanagi - Director
- Narayan Jayaraju Yadur - Director
- Prakash Ganganarasaiah - Director
The latest financial statements of Axistech Automation on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
No. Axistech Automation has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Axistech Automation is U29221KA2012PTC064478. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Axistech Automation has 12 court cases on record: 1 filed by the company and 11 filed against it. 4 are pending. Most are in the district courts.
Axistech Automation was incorporated on 20 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Shivanand Basavaraj Ammanagi was appointed as Director on 06 Sep 2017. Narayan Jayaraju Yadur was appointed as Director on 20 Jun 2012. Prakash Ganganarasaiah was appointed as Director on 20 Jun 2012.
Axistech Automation can be reached through the website axistech-india.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Axistech Automation is at No 513 Ground Floor Kottigepalya Vishwaneedam Post Magadi Main Road, Bangalore, Karnataka, India – 560091.