Achal Spinning Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
as on 24-10-2024
- Paid Up Capital ₹ 40.01 Cr
as on 24-10-2024
- Company Age 11 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 10.00 Cr
as on 24-10-2024
- Satisfied Charges ₹ 135.00 Cr
as on 24-10-2024
- Revenue 18.48%
(FY 2023)
- Profit -45.65%
(FY 2023)
- Ebitda -0.64%
(FY 2023)
- Net Worth 5.48%
(FY 2023)
- Total Assets -19.48%
(FY 2023)
About Achal Spinning
The Company is engaged in the Manufacturing 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 50.00 Cr and a paid-up capital of Rs 40.01 Cr.
The company currently has active open charges totaling ₹10.00 Cr. The company has closed loans amounting to ₹135.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Achal Spinning Private Limited India is Vasavada Nirmalchandra as COMPANY SECRETARY. Shreyas Sheth, Kamlesh Patel, and Prabhudas Patel serve as directors at the Company.
- CIN/LLPIN
U17122GJ2013PTC074502
- Company No.
074502
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
15 Apr 2013
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Achal Spinning?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vasavada Nirmalchandra | Company Secretary | 15-Mar-2019 | Current |
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kamlesh Patel  | Director | 25-May-2024 | Current |
| Shreyas Sheth | Director | 23-May-2024 | Current |
| Prabhudas Patel | Director | 15-May-2024 | Current |
Financial Performance of Achal Spinning.
Achal Spinning Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.48% increase. The company also saw a substantial fall in profitability, with a 45.65% decrease in profit. The company's net worth moved up by a moderate rise of 5.48%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Achal Spinning?
In 2023, Achal Spinning had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Amazon Textiles Pvt. Ltd.Active 33 years 5 months
Shreyas Sheth, Kamlesh Patel and 1 more are mutual person
- Abeer Textile Private LimitedActive 31 years 5 months
Shreyas Sheth, Kamlesh Patel and 1 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 30 May 2024 | ₹10.00 Cr | Open |
Others Creation Date: 26 May 2021 | ₹14.00 Cr | Satisfied |
Export-Import Bank Of India Creation Date: 21 Sep 2013 | ₹121.00 Cr | Satisfied |
How Many Employees Work at Achal Spinning?
Achal Spinning has a workforce of 380 employees as of Apr 02, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Achal Spinning, 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 Achal Spinning's trajectory.
Rating
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
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.
