Akross Synthetics Pvt Ltd

Manufacturer of paints, resins, and coatings for industrial and decorative use.

1994 | Kolkata, West Bengal (India) | Active
Last Updated: September 10, 2024

Akross Synthetics Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 7.00 M
  • Company Age 30 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 11.49 Cr
  • Satisfied Charges ₹ 13.98 Cr
  • Revenue Growth 40.19%
  • Profit Growth 18.94%
  • Ebitda 19.53%
  • Net Worth 32.25%
  • Total Assets 6.50%

About Akross Synthetics

Akross Synthetics Pvt Ltd (ASPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 17 December 1994 and has a history of 30 years and one month. Its registered office is in Kolkata, West Bengal, India.

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 1.00 Cr and a paid-up capital of Rs 7.00 M.

The company currently has active open charges totaling ₹11.49 Cr. The company has closed loans amounting to ₹13.98 Cr, as per Ministry of Corporate Affairs (MCA) records.

Rohan Bhasin and Arvind Bhasin serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    akross-synthetics.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U24134WB1994PTC066381

  • Company No.

    066381

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    17 Dec 1994

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Manufacturing

What products or services does Akross Synthetics Pvt Ltd offer?

Akross Synthetics Pvt Ltd offers a wide range of products and services, including Primer, Asian Paints Primer, Varnishes, Distemper, Asian Distemper.

Who are the key members and board of directors at Akross Synthetics?

Executive Team (1)

Name Designation Appointment Date Status
Arvind Bhasin Country flag representing In Managing Director 17-Dec-1994 Current

Board Members (1)

Name Designation Appointment Date Status
Rohan Bhasin Country flag representing In Director 05-Mar-2003 Current

Financial Performance of Akross Synthetics.

Akross Synthetics Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 40.19% increase. The company also saw a substantial improvement in profitability, with a 18.94% increase in profit. The company's net worth Soared by an impressive increase of 32.25%.

Graph illustrating revenue growth over time
Graph showing 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
40.19%
Revenue from Operations
39.90%
Total Assets
6.50%
Profit or Loss
18.94%
Net Worth
32.25%
EBITDA
19.53%

What is the Ownership and Shareholding Structure of Akross Synthetics?

In 2023, Akross Synthetics had a promoter holding of 88.58% and a public holding of 11.42%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹11.49 Cr

Satisfied Charges

₹13.98 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 9.27 Cr
  • Uco Bank : 1.87 Cr
  • Abn Amro Bank N.V. : 0.32 Cr
  • Icici Bank Ltd. : 0.03 Cr

Latest Charge Details

Date Lender Amount Status
28 May 2019 Axis Bank Limited ₹9.27 Cr Open
16 Feb 2006 Icici Bank Ltd. ₹0.30 M Open
17 Dec 2005 Uco Bank ₹1.87 Cr Open
01 Jan 2005 Abn Amro Bank N.V. ₹3.17 M Open
01 Apr 2016 Uco Bank ₹12.72 Cr Satisfied

How Many Employees Work at Akross Synthetics?

Akross Synthetics has a workforce of 10 employees as of Sep 10, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akross Synthetics, 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 Akross Synthetics'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 Akross Synthetics

Recent activity within the organization

  • Annual General Meeting

    Akross Synthetics Pvt Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Akross Synthetics Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

    31 Mar 2023

  • Charges

    A charge with Axis Bank Limited of Rs. 9.27 Cr registered on 28 May 2019 with Charge ID 100274852 was modified on 16 Jul 2020.

    16 Jul 2020

  • Charges

    A charge registered on 01 Apr 2016 via Charge ID 100032202 with Uco Bank was fully satisfied on 04 Oct 2019.

    04 Oct 2019

  • Charges

    A charge registered on 11 Dec 2007 via Charge ID 10096120 with Uco Bank was fully satisfied on 04 Oct 2019.

    04 Oct 2019

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 9.27 Cr with Charge ID 100274852 was registered on 28 May 2019.

    28 May 2019

Frequently asked questions

  • Akross Synthetics Pvt Ltd was incorporated on 17 Dec 1994.

  • The authorized share capital of Akross Synthetics Pvt Ltd is ₹ 1.00 Cr and paid-up capital is ₹ 7.00 M.

  • Currently 2 directors are associated with Akross Synthetics Pvt Ltd.

    • Rohan Bhasin
    • Arvind Bhasin
  • As per Ministry of Corporate Affairs (Mca), the registered address of Akross Synthetics Pvt Ltd is 77/1B Christopher Road, Kolkata, West Bengal, India, 700017.

  • The corporate identification number (CIN) of Akross Synthetics Pvt Ltd is U24134WB1994PTC066381 and the company number is 066381 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Akross Synthetics Pvt Ltd is https://www.akross-synthetics.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Akross Synthetics Pvt Ltd has risen by 40.19%.

  • As Per 2023 financial reports, 10 employees are currently employed by Akross Synthetics Pvt Ltd.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Akross Synthetics Pvt Ltd has experienced an upsurge of 32.25%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Akross Synthetics Pvt Ltd amount to ₹ 11.49 Cr.

  • The most recent Balance Sheet for Akross Synthetics Pvt Ltd was filed with the ROC on 31 Mar 2023.