Akin Chemicals Private Limited

This company trades and imports chemicals and solvents for sale to various industries.

1997 | Mumbai, Maharashtra (India) | Active
Last Updated:

Akin Chemicals Profile

Key Indicators

  • Authorised Capital ₹ 1.55 Cr
  • Paid Up Capital ₹ 1.50 Cr
  • Company Age 27 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 285.00 Cr
  • Satisfied Charges ₹ 24.75 Cr
  • Revenue Growth 9.73%
  • Profit Growth -44.01%
  • Ebitda -30.66%
  • Net Worth 17.10%
  • Total Assets 17.72%

About Akin Chemicals

Akin Chemicals Private Limited (ACPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 29 July 1997 and has a history of 27 years and eight months. Its registered office is in Mumbai, Maharashtra, 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 1.55 Cr and a paid-up capital of Rs 1.50 Cr.

The company currently has active open charges totaling ₹285.00 Cr. The company has closed loans amounting to ₹24.75 Cr, as per Ministry of Corporate Affairs (MCA) records.

Dushyant Somani, Vishal Somani, and Rajesh Tapuriah serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51496MH1997PTC109677

  • Company No.

    109677

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    29 Jul 1997

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Chemicals and Materials

What products or services does Akin Chemicals Private Limited offer?

Akin Chemicals Private Limited offers a wide range of products and services, including .

Who are the key members and board of directors at Akin Chemicals?

Board Members (3)

NameDesignationAppointment DateStatus
Dushyant Somani Country flag representing In Director 21-Nov-2022Current
Vishal Somani Country flag representing In Director 23-Apr-2003Current
Rajesh Tapuriah Country flag representing In Director 01-Jul-1998Current

Financial Performance of Akin Chemicals.

Akin Chemicals Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 9.73% increase. The company also saw a substantial fall in profitability, with a 44.01% decrease in profit. The company's net worth Soared by an impressive increase of 17.1%.

Akin Chemicals revenue growth over time
Akin Chemicals 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
9.73%
Revenue from Operations
10.42%
Total Assets
17.72%
Profit or Loss
-44.01%
Net Worth
17.10%
EBITDA
-30.66%

What is the Ownership and Shareholding Structure of Akin Chemicals?

In 2023, Akin 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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹285.00 Cr

Satisfied Charges

₹24.75 Cr

Charges Breakdown by Lending Institutions

  • Others : 127.00 Cr
  • The Saraswat Cooperative Bank Ltd : 63.00 Cr
  • The Hongkong And Shanghai Banking Corporation Limited : 50.00 Cr
  • Standard Chartered Bank : 25.00 Cr
  • Yes Bank Limited : 12.00 Cr
  • Others : 8.00 Cr

Latest Charge Details

DateLenderAmountStatus
03 Jun 2019The Hongkong And Shanghai Banking Corporation Limited₹50.00 CrOpen
19 Mar 2019Standard Chartered Bank₹25.00 CrOpen
16 Mar 2012Others₹27.00 CrOpen
13 Mar 2012Yes Bank Limited₹12.00 CrOpen
30 Mar 2011Others₹50.00 CrOpen

How Many Employees Work at Akin Chemicals?

Akin Chemicals has a workforce of 48 employees as of Sep 18, 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 Akin Chemicals Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akin 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 Akin Chemicals'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 Akin Chemicals

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 50.00 Cr registered on 30 Mar 2011 with Charge ID 10283152 was modified on 22 Jul 2024.

  • Charges

    A charge with Others of Rs. 50.00 Cr registered on 14 May 2003 with Charge ID 80008146 was modified on 30 Jan 2024.

  • Annual General Meeting

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

  • Charges

    A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 50.00 Cr registered on 03 Jun 2019 with Charge ID 100270175 was modified on 02 May 2023.

  • Balance Sheet

    Akin Chemicals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Charges

    A charge with Standard Chartered Bank of Rs. 25.00 Cr registered on 19 Mar 2019 with Charge ID 100253458 was modified on 22 Feb 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Akin Chemicals Private Limited?

    Akin Chemicals Private Limited was incorporated on 29 Jul 1997.

  • What is authorized share capital and paid-up capital of Akin Chemicals Private Limited?

    The authorized share capital of Akin Chemicals Private Limited is ₹ 1.55 Cr and paid-up capital is ₹ 1.50 Cr.

  • Who are the current board members & directors of Akin Chemicals Private Limited?

    Currently 3 directors are associated with Akin Chemicals Private Limited.

    • Dushyant Mahesh Somani
    • Vishal Somani
    • Rajesh Kumar Tapuriah

  • What is the registered address of Akin Chemicals Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Akin Chemicals Private Limited is Jash Chambers 5Th Floorsir P M Road, Fort, Mumbai, Maharashtra, India, 400001.

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

    The corporate identification number (CIN) of Akin Chemicals Private Limited is U51496MH1997PTC109677 and the company number is 109677 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Akin Chemicals Private Limited?

    The Official website of Akin Chemicals Private Limited is https://www.akinchemicals.com

  • What has been the recent revenue trend for Akin Chemicals Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Akin Chemicals Private Limited has risen by 9.73%.

  • How many employees does Akin Chemicals Private Limited currently have?

    As Per 2023 financial reports, 48 employees are currently employed by Akin Chemicals Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Akin Chemicals Private Limited has experienced an upsurge of 17.10%.

  • What are the total open charges for Akin Chemicals Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Akin Chemicals Private Limited amount to ₹ 285.00 Cr.

  • When was the last Balance Sheet of Akin Chemicals Private Limited filed with the ROC?

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

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