Akar Creations Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 4.10 Cr
- Company Age 34 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 23.00 Cr
- Satisfied Charges ₹ 156.69 Cr
- Revenue Growth -30.66%
- Profit Growth 93.98%
- Ebitda -75.10%
- Net Worth -1.12%
- Total Assets -17.20%
About Akar Creations
Akar Creations Private Limited (ACPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 February 1990 and has a history of 34 years and 11 months. Its registered office is in Goa, Goa, India.
The Company is engaged in the Real Estate And Construction 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 5.00 Cr and a paid-up capital of Rs 4.10 Cr.
The company currently has active open charges totaling ₹23.00 Cr. The company has closed loans amounting to ₹156.69 Cr, as per Ministry of Corporate Affairs (MCA) records.
Avinash Borker and Chinmai Borker serve as directors at the Company.
Company Details
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Location
Goa, Goa, 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
U31200GA1990PTC001021
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Company No.
001021
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
12 Feb 1990
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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 Goa
Industry
Who are the key members and board of directors at Akar Creations?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Avinash Borker
|
Director | 01-Dec-1991 | Current |
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Chinmai Borker
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Director | 20-Aug-2013 | Current |
Financial Performance of Akar Creations.
Akar Creations Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 30.66% decrease. The company also saw a substantial improvement in profitability, with a 93.98% increase in profit. The company's net worth dipped by a decrease of 1.12%.
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What is the Ownership and Shareholding Structure of Akar Creations?
In 2020, Akar Creations 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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Akar Landmarks LlpAvinash Borker and Chinmai Borker are mutual person
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Akar Motels And Holiday Resorts Private Limited
Avinash Borker and Chinmai Borker are mutual person
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Borkar Ventures Private Limited
Avinash Borker and Chinmai Borker are mutual person
Charges (Loans)
₹23.00 Cr
₹156.69 Cr
Charges Breakdown by Lending Institutions
- Canara Bank : 23.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2014 | Canara Bank | ₹23.00 Cr | Open |
| 29 Jun 2017 | Canara Bank | ₹1.05 Cr | Satisfied |
| 29 Nov 2016 | Others | ₹3.30 Cr | Satisfied |
| 24 Sep 2015 | Intec Capital Limited | ₹4.38 Cr | Satisfied |
| 31 Mar 2015 | State Bank Of India | ₹14.82 Cr | Satisfied |
How Many Employees Work at Akar Creations?
Akar Creations has a workforce of 1 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 Akar Creations, 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 Akar Creations'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.
