Absolute Auto Private Limited

Authorized dealer for Renault vehicles, offering sales, services, and trading of automotive parts and accessories.

2014 | Kolkata, West Bengal (India) | Active
Last Updated:

Absolute Auto Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 9.03 M
  • Company Age 10 Year, 9 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.86 Cr
  • Satisfied Charges ₹ 7.95 Cr
  • Revenue Growth -22.76%
  • Profit Growth -34.91%
  • Ebitda -158.16%
  • Net Worth 6.29%
  • Total Assets 21.98%

About Absolute Auto

Absolute Auto Private Limited (AAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 15 May 2014 and has a history of Ten years and nine months. Its registered office is in Kolkata, West Bengal, India.

The Company is engaged in the Automotive Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 9.03 M.

The company currently has active open charges totaling ₹4.86 Cr. The company has closed loans amounting to ₹7.95 Cr, as per Ministry of Corporate Affairs (MCA) records.

Rama Jindal, Animesh Sanwaria, Sarika Sanwaria, and One other member serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U50102WB2014PTC201762

  • Company No.

    201762

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    15 May 2014

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Automotive

Who are the key members and board of directors at Absolute Auto?

Board Members (4)

NameDesignationAppointment DateStatus
Rama Jindal Country flag representing In Director 01-Apr-2022Current
Animesh Sanwaria Country flag representing In Director 15-May-2014Current
Sarika Sanwaria Country flag representing In Director 15-May-2014Current
Palak Jindal Country flag representing In Director 01-Apr-2022Current

Financial Performance of Absolute Auto.

Absolute Auto Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 22.76% decrease. The company also saw a substantial fall in profitability, with a 34.91% decrease in profit. The company's net worth moved up by a moderate rise of 6.29%.

Absolute Auto revenue growth over time
Absolute Auto profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-22.76%
Revenue from Operations
-25.55%
Total Assets
21.98%
Profit or Loss
-34.91%
Net Worth
6.29%
EBITDA
-158.16%

What is the Ownership and Shareholding Structure of Absolute Auto?

In 2023, Absolute Auto had a promoter holding of 65.94% and a public holding of 34.06%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4.86 Cr

Satisfied Charges

₹7.95 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 4.86 Cr

Latest Charge Details

DateLenderAmountStatus
18 Nov 2014State Bank Of India₹4.86 CrOpen
22 Jul 2022Others₹4.30 CrSatisfied
14 Mar 2019Bank Of India₹1.50 MSatisfied
28 Aug 2017Bank Of India₹5.00 MSatisfied
15 Nov 2014Hdfc Bank Limited₹1.00 CrSatisfied

How Many Employees Work at Absolute Auto?

Absolute Auto has a workforce of 36 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Absolute Auto Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Absolute Auto, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Absolute Auto's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Absolute Auto

Recent activity within the organization

  • Charges

    A charge registered on 22 Jul 2022 via Charge ID 100598786 with Others was fully satisfied on 16 Jul 2024.

  • Annual General Meeting

    Absolute Auto Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Absolute Auto Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

  • Charges

    A charge with Others amounted to Rs. 4.30 Cr with Charge ID 100598786 was registered on 22 Jul 2022.

  • Charges

    A charge registered on 14 Mar 2019 via Charge ID 100264492 with Bank Of India was fully satisfied on 15 Jun 2022.

  • Director Appointment

    Rama Jindal was appointed as a Director was appointed as a Director on 01 Apr 2022 & has been associated with this company since 2 years 11 months .

Frequently asked questions

  • What is the Incorporation or founding date of Absolute Auto Private Limited?

    Absolute Auto Private Limited was incorporated on 15 May 2014.

  • What is authorized share capital and paid-up capital of Absolute Auto Private Limited?

    The authorized share capital of Absolute Auto Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 9.03 M.

  • Who are the current board members & directors of Absolute Auto Private Limited?

    Currently 4 directors are associated with Absolute Auto Private Limited.

    • Rama Jindal
    • Animesh Sanwaria
    • Sarika Sanwaria
    • Palak Jindal

  • What is the registered address of Absolute Auto Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Absolute Auto Private Limited is 3 Rd Floor 8 Lala Lajpat Rai Sarani (Elgin Road), Kolkata, West Bengal, India, 700020.

  • What is the corporate identification number (CIN) and company number of Absolute Auto Private Limited?

    The corporate identification number (CIN) of Absolute Auto Private Limited is U50102WB2014PTC201762 and the company number is 201762 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Absolute Auto Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Absolute Auto Private Limited has fallen by -22.76%.

  • How many employees does Absolute Auto Private Limited currently have?

    As Per 2023 financial reports, 36 employees are currently employed by Absolute Auto Private Limited.

  • What change has been observed in the net worth of Absolute Auto Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Absolute Auto Private Limited has experienced an upsurge of 6.29%.

  • What are the total open charges for Absolute Auto Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Absolute Auto Private Limited amount to ₹ 4.86 Cr.

  • When was the last Balance Sheet of Absolute Auto Private Limited filed with the ROC?

    The most recent Balance Sheet for Absolute Auto Private Limited was filed with the ROC on 31 Mar 2023.