Akai Impex Limited
About Akai Impex Limited
Data last updated:
Akai Impex Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Afloat Textile (India) Limited. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 January 2014.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51225MH2014PLC252543. Its GSTIN is 27AAMCA6188L1ZY (Maharashtra).
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Arindam H Das and Vilas Laxman Jadhav.
Its last annual general meeting (AGM) was held on 28 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹60.75 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net profit of ₹27,299 (net margin 0.4%) and EBITDA of -₹4.75 Lakh (EBITDA margin -7.8%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 16% over five years.
Court records list 73 cases involving the company, including 13 filed by the company and 60 filed against it; 1 case is pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2017.
Company details
Contact details
Akai Impex Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address405 Dalamal House 4th Floor Plot 206 Jamnalal Bajaj Marg Nariman P, Oint, Mumbai, Maharashtra, India – 400021
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Akai Impex 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
Financials of Akai Impex Limited
FY 2023 filings availableAkai Impex Limited reported revenue of ₹60.75 Lakh (down 60% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 60% fall 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 | ₹60.75 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.75 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹27,299 | ||||
| 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 | -7.8% | ||||
| Net Profit Margin | 0.4% | ||||
| 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 Akai Impex Limited, buy the company report.
Board of directors of Akai Impex Limited
Akai Impex has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arindam H Das | Director | 28 Jan 2014 | 12 Years 8 Months | As last reported |
| Vilas Laxman Jadhav | Director | 25 Nov 2016 | 9 Years 10 Months | As last reported |
| Jagdish Prasad Ramadhin Verma Also directs: Jayant Extraction Industires Private Limited | Director | 01 Oct 2019 | 7 Years 0 Months | As last reported |
Auditor
Akai Impex Limited is audited by V M R S & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V M R S & CO | FY 2019 | 122750W |
Shareholding
The shareholding of Akai Impex Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Akai Impex Limited, buy the company report.
Deals & funding
Akai Impex Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Aafloat Textile (India) Limited & Vilas Jadhav, Aafloat Textile (India) Limited, Aafloat Textile (India) Limited & Durgaprasad Mishra |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Akai Impex Limited has 73 court cases on record: 13 filed by Akai Impex, 60 filed against it. 1 case is pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 47 | 37 | 1 |
| District courts | 17 | 16 | 0 |
| Supreme Court | 9 | 7 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by M/S. Hi-Rel Electronics Pvt. Ltd. | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by The Bank of Rajasthan Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by The Bank of Rajasthan Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Panchmahal Steel Ltd., | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Ms.Hi-Rel Electronics Pvt.Ltd | Disposed |
To see the full case history of Akai Impex 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 Akai Impex Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akai Impex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCA6188L1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akai Impex Limited, buy the company report.
Recent activity
Akai Impex Limited has 8 board changes on record since 2014: 3 appointments and 5 cessations. The latest: Jagdish Prasad Ramadhin Verma ceased to be Additional Director on 30 Dec 2020.
Frequently asked questions
Akai Impex has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Akai Impex was a public limited company based in Mumbai, Maharashtra, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 28 January 2014 and is registered under CIN U51225MH2014PLC252543. The company has been struck off by the Registrar of Companies and is no longer operational.
Akai Impex had 3 directors:
- Arindam H Das - Director
- Vilas Laxman Jadhav - Director
- Jagdish Prasad Ramadhin Verma - Director
The CIN (Corporate Identification Number) of Akai Impex is U51225MH2014PLC252543. 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 Akai Impex is at 405 Dalamal House 4th Floor Plot 206 Jamnalal Bajaj Marg Nariman P, Oint, Mumbai, Maharashtra, India – 400021.
Akai Impex was incorporated on 28 January 2014. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Akai Impex on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 28 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Akai Impex is 27AAMCA6188L1ZY, registered in Maharashtra.
Akai Impex operated in the manufacturing industry, in the textile and fabric production segment. It worked in this industry before it was struck off.
Akai Impex has 1 deal on record (1 secondary share transfer); the latest was in March 2017.