Asia Resorts Limited

Provides hospitality services at three hotels in Parwanoo near Shimla, promoted by Mr. R K Garg.

1980 | Solan, Himachal Pradesh (India) | Active
Last Updated:

Asia Resorts Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 4.82 M
  • Company Age 44 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 24.61 Cr
  • Satisfied Charges ₹ 65.57 Cr
  • Revenue Growth 0.69%
  • Profit Growth -92.10%
  • Ebitda -17.54%
  • Net Worth 0.58%
  • Total Assets 20.78%

About Asia Resorts

Asia Resorts Limited (ARL) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 October 1980 and has a history of 44 years and six months. Its registered office is in Solan, Himachal Pradesh, India.

The Company is engaged in the Travel And Hospitality 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 1.00 Cr and a paid-up capital of Rs 4.82 M.

The company currently has active open charges totaling ₹24.61 Cr. The company has closed loans amounting to ₹65.57 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vijay Agarwal, Mona Agarwal, Akash Garg, and Three other members serve as directors at the Company.

Company Details

  • Location

    Solan, Himachal Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U55101HP1980PLC004296

  • Company No.

    004296

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    08 Oct 1980

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Himachal Pradesh

Industry

Travel and Hospitality
Company report

Asia Resorts Limited

Explore comprehensive data for Asia Resorts Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Asia Resorts?

Executive Team (1)

NameDesignationAppointment DateStatus
Akash Garg Country flag representing In Managing Director16-Dec-1989Current

Board Members (5)

NameDesignationAppointment DateStatus
Vijay Agarwal Country flag representing In Director 26-Apr-2021Current
Mona Agarwal Country flag representing In Director 07-Mar-2022Current
Surbhi Garg Country flag representing In Director 26-Apr-2021Current
Rajiv Kapil Country flag representing In Director 26-Apr-2021Current
Akarsh Garg Country flag representing In Whole-Time Director 11-Jan-2021Current

Financial Performance of Asia Resorts.

Asia Resorts Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.69% increase. The company also saw a substantial fall in profitability, with a 92.1% decrease in profit. The company's net worth moved up by a moderate rise of 0.58%.

Asia Resorts revenue growth over time
Asia Resorts 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
0.69%
Revenue from Operations
0.27%
Total Assets
20.78%
Profit or Loss
-92.10%
Net Worth
0.58%
EBITDA
-17.54%

What is the Ownership and Shareholding Structure of Asia Resorts?

In 2023, Asia Resorts had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹24.61 Cr

Satisfied Charges

₹65.57 Cr

Charges Breakdown by Lending Institutions

  • Others : 20.51 Cr
  • Mahindra Holidays & Resorts India Ltd. : 3.00 Cr
  • Hdfc Bank Limited : 1.10 Cr

Latest Charge Details

DateLenderAmountStatus
11 Jul 2024Others₹2.49 MOpen
29 Nov 2023Others₹3.00 MOpen
18 Sep 2023Others₹14.96 CrOpen
18 Sep 2023Others₹5.00 CrOpen
21 Jul 2023Hdfc Bank Limited₹2.00 MOpen

How Many Employees Work at Asia Resorts?

Asia Resorts has a workforce of 455 employees as of Mar 31, 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 Asia Resorts Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Asia Resorts, 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 Asia Resorts'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 Asia Resorts

Recent activity within the organization

  • Annual General Meeting

    Asia Resorts Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100947747 was registered on 11 Jul 2024.

  • Balance Sheet

    Asia Resorts Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Himachal Pradesh.

  • Charges

    A charge registered on 17 Sep 2022 via Charge ID 100613361 with Others was fully satisfied on 08 Feb 2024.

  • Charges

    A charge registered on 17 Sep 2022 via Charge ID 100613363 with Others was fully satisfied on 08 Feb 2024.

  • Charges

    A charge with Others amounted to Rs. 0.30 Cr with Charge ID 100825744 was registered on 29 Nov 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Asia Resorts Limited?

    Asia Resorts Limited was incorporated on 08 Oct 1980.

  • What is authorized share capital and paid-up capital of Asia Resorts Limited?

    The authorized share capital of Asia Resorts Limited is ₹ 1.00 Cr and paid-up capital is ₹ 4.82 M.

  • Who are the current board members & directors of Asia Resorts Limited?

    Currently 6 directors are associated with Asia Resorts Limited.

    • Vijay Agarwal
    • Mona Agarwal
    • Akash Garg
    • Surbhi Garg
    • Rajiv Kapil
    • Akarsh Garg

  • What is the registered address of Asia Resorts Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Asia Resorts Limited is Datyar Parwanooparwanoo Distt Solan India, Himachal Pradesh, 173220.

  • What is the corporate identification number (CIN) and company number of Asia Resorts Limited?

    The corporate identification number (CIN) of Asia Resorts Limited is U55101HP1980PLC004296 and the company number is 004296 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Asia Resorts Limited?

    The Official website of Asia Resorts Limited is https://www.timbertrail.in

  • What has been the recent revenue trend for Asia Resorts Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Asia Resorts Limited has risen by 0.69%.

  • How many employees does Asia Resorts Limited currently have?

    As Per 2023 financial reports, 455 employees are currently employed by Asia Resorts Limited.

  • What change has been observed in the net worth of Asia Resorts Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Asia Resorts Limited has experienced an upsurge of 0.58%.

  • What are the total open charges for Asia Resorts Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Asia Resorts Limited amount to ₹ 24.61 Cr.

  • When was the last Balance Sheet of Asia Resorts Limited filed with the ROC?

    The most recent Balance Sheet for Asia Resorts Limited was filed with the ROC on 31 Mar 2024.

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