Afford Freight Services Profile
Key Indicators
- Authorised Capital ₹ 2.60 M
- Paid Up Capital ₹ 2.23 M
- Company Age 15 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 9.92 Cr
- Revenue Growth -30.66%
- Profit Growth 23.16%
- Ebitda -20.28%
- Net Worth 47.75%
- Total Assets -21.50%
About Afford Freight Services
Afford Freight Services Private Limited (AFSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 November 2009 and has a history of 15 years and three months. Its registered office is in Thane, Maharashtra, India.
The Company is engaged in the Transport And Logistics Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.60 M and a paid-up capital of Rs 2.23 M.
The company has closed loans amounting to ₹9.92 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Vinod Warrier, Chockalingam Manikandan, Sajikumar Nair, and One other member serve as directors at the Company.
Company Details
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Location
Thane, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U63000MH2009PTC196949
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Company No.
196949
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
09 Nov 2009
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Afford Freight Services?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vinod Warrier
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Director | 12-Apr-2010 | Current |
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Chockalingam Manikandan
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Director | 03-Feb-2015 | Current |
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Sajikumar Nair
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Director | 09-Nov-2009 | Current |
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Hitesh Patel
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Director | 10-May-2021 | Current |
Financial Performance of Afford Freight Services.
Afford Freight Services Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 30.66% decrease. The company also saw a substantial improvement in profitability, with a 23.16% increase in profit. The company's net worth Soared by an impressive increase of 47.75%.
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What is the Ownership and Shareholding Structure of Afford Freight Services?
In 2022, Afford Freight Services 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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Siimsar Consultants Private LimitedSajikumar Nair is a mutual person
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Afford Air-Express Private LimitedVinod Warrier, Chockalingam Manikandan and 1 more are mutual person
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Access Global Logistics Private LimitedVinod Warrier is a mutual person
Charges (Loans)
₹0
₹99.23 M
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 5.89 Cr
- Icici Bank Limited : 3.50 Cr
- Kotak Mahindra Bank Limited : 0.53 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jul 2017 | Yes Bank Limited | ₹4.20 Cr | Satisfied |
| 31 Mar 2017 | Yes Bank Limited | ₹1.69 Cr | Satisfied |
| 22 Jul 2013 | Icici Bank Limited | ₹3.50 Cr | Satisfied |
| 02 Jan 2012 | Kotak Mahindra Bank Limited | ₹5.33 M | Satisfied |
How Many Employees Work at Afford Freight Services?
Afford Freight Services has a workforce of 31 employees as of Mar 30, 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 Afford Freight Services, 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 Afford Freight Services'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.
