Advance Chemicals Profile
Key Indicators
- Authorised Capital ₹ 1.00 M
- Paid Up Capital ₹ 1.00 M
- Company Age 42 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 33.90 Cr
- Satisfied Charges ₹ 1.21 M
- Revenue Growth 56.67%
- Profit Growth 57.66%
- Ebitda 46.16%
- Net Worth 19.96%
- Total Assets 29.50%
About Advance Chemicals
Advance Chemicals Pvt Ltd (ACPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 20 August 1982 and has a history of 42 years and five months. Its registered office is in Vadodara, Gujarat, India.
The Company is engaged in the Chemicals And Materials 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 M and a paid-up capital of Rs 1.00 M.
The company currently has active open charges totaling ₹33.90 Cr. The company has closed loans amounting to ₹1.21 M, as per Ministry of Corporate Affairs (MCA) records.
Mukesh Purohit, Rakesh Purohit, and Siddhant Purohit serve as directors at the Company.
Company Details
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Location
Vadodara, Gujarat, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U24299GJ1982PTC005438
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Company No.
005438
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
20 Aug 1982
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Advance Chemicals?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rakesh Purohit
|
Whole-Time Director | 20-Apr-1993 | Current |
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Mukesh Purohit
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Whole-Time Director | 20-Apr-1993 | Current |
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Siddhant Purohit
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Director | 23-Dec-2017 | Current |
Financial Performance of Advance Chemicals.
Advance Chemicals Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 56.67% increase. The company also saw a substantial improvement in profitability, with a 57.66% increase in profit. The company's net worth Soared by an impressive increase of 19.96%.
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What is the Ownership and Shareholding Structure of Advance Chemicals?
In 2023, Advance Chemicals 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)
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Advance Metal Powder Private LimitedMukesh Purohit and Rakesh Purohit are mutual person
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Amaar Industrial Marketing Private LimitedMukesh Purohit, Rakesh Purohit and 1 more are mutual person
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Shekasa Engineering Co Private Limited
Mukesh Purohit and Rakesh Purohit are mutual person
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A T L Travels Limited
Mukesh Purohit, Rakesh Purohit and 1 more are mutual person
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Britelite Carbons Ltd
Mukesh Purohit, Rakesh Purohit and 1 more are mutual person
Charges (Loans)
₹339.04 M
₹1.21 M
Charges Breakdown by Lending Institutions
- Bank Of Baroda : 32.70 Cr
- Union Bank Of India : 0.90 Cr
- Others : 0.30 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Mar 2021 | Others | ₹2.00 M | Open |
| 04 Jun 2020 | Others | ₹1.04 M | Open |
| 20 Aug 2015 | Bank Of Baroda | ₹16.00 Cr | Open |
| 24 Aug 2001 | Union Bank Of India | ₹9.00 M | Open |
| 24 Dec 1997 | Bank Of Baroda | ₹16.00 Cr | Open |
How Many Employees Work at Advance Chemicals?
Advance Chemicals has a workforce of 20 employees as of Apr 07, 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 Advance Chemicals, 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 Advance Chemicals'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.
