Asset Cars Private Limited

Luxury car dealership and services, subsidiary of MCAPL, established in 2011 in Mumbai.

2011 | Mumbai, Maharashtra (India) | Active
Last Updated:

Asset Cars Profile

Key Indicators

  • Authorised Capital ₹ 8.00 Cr
  • Paid Up Capital ₹ 6.66 Cr
  • Company Age 13 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 69.12 Cr
  • Satisfied Charges ₹ 63.03 Cr
  • Revenue Growth 32.61%
  • Profit Growth -6.43%
  • Ebitda -1.37%
  • Net Worth 9.10%
  • Total Assets 17.18%

About Asset Cars

Asset Cars Private Limited (ACPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 July 2011 and has a history of 13 years and eight months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Automotive 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 8.00 Cr and a paid-up capital of Rs 6.66 Cr.

The company currently has active open charges totaling ₹69.12 Cr. The company has closed loans amounting to ₹63.03 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vikram Modi, Vivek Modi, and Swapna Shelar 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

    U50200MH2011PTC231192

  • Company No.

    231192

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Jul 2011

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Automotive
Company report

Asset Cars Private Limited

Explore comprehensive data for Asset Cars Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Asset Cars?

Executive Team (1)

NameDesignationAppointment DateStatus
Vivek Modi Country flag representing In Managing Director20-Dec-2014Current

Board Members (2)

NameDesignationAppointment DateStatus
Vikram Modi Country flag representing In Director 20-Dec-2014Current
Swapna Shelar Country flag representing In Director 01-Dec-2022Current

Financial Performance of Asset Cars.

Asset Cars Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 32.61% increase. The company also saw a slight decrease in profitability, with a 6.43% decrease in profit. The company's net worth moved up by a moderate rise of 9.1%.

Asset Cars revenue growth over time
Asset Cars 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
32.61%
Revenue from Operations
33.05%
Total Assets
17.18%
Profit or Loss
-6.43%
Net Worth
9.10%
EBITDA
-1.37%

What is the Ownership and Shareholding Structure of Asset Cars?

In 2023, Asset Cars 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

₹69.12 Cr

Satisfied Charges

₹63.03 Cr

Charges Breakdown by Lending Institutions

  • Others : 25.00 Cr
  • State Bank Of India : 15.00 Cr
  • Axis Bank Limited : 14.46 Cr
  • Bassein Catholic Co-Operative Bank Limited : 10.00 Cr
  • Yes Bank Limited : 4.66 Cr

Latest Charge Details

DateLenderAmountStatus
20 Sep 2024Others₹0.03 MOpen
28 Dec 2023Others₹5.00 CrOpen
30 Nov 2023Others₹10.00 CrOpen
28 Aug 2023State Bank Of India₹15.00 CrOpen
26 Jun 2023Axis Bank Limited₹14.46 CrOpen

How Many Employees Work at Asset Cars?

Asset Cars has a workforce of 5 employees as of Mar 27, 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 Asset Cars Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Asset Cars, 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 Asset Cars'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 Asset Cars

Recent activity within the organization

  • Annual General Meeting

    Asset Cars Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 0.00 Cr with Charge ID 100994764 was registered on 20 Sep 2024.

  • Charges

    A charge registered on 06 Feb 2021 via Charge ID 100419339 with Others was fully satisfied on 30 Aug 2024.

  • Charges

    A charge with State Bank Of India of Rs. 15.00 Cr registered on 28 Aug 2023 with Charge ID 100782585 was modified on 10 Jul 2024.

  • Balance Sheet

    Asset Cars Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge with Others of Rs. 5.00 Cr registered on 28 Dec 2023 with Charge ID 100857844 was modified on 17 Jan 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Asset Cars Private Limited?

    Asset Cars Private Limited was incorporated on 18 Jul 2011.

  • What is authorized share capital and paid-up capital of Asset Cars Private Limited?

    The authorized share capital of Asset Cars Private Limited is ₹ 8.00 Cr and paid-up capital is ₹ 6.66 Cr.

  • Who are the current board members & directors of Asset Cars Private Limited?

    Currently 3 directors are associated with Asset Cars Private Limited.

    • Vikram Chimanlal Modi
    • Vivek Vikram Modi
    • Swapna Prakash Shelar

  • What is the registered address of Asset Cars Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Asset Cars Private Limited is Autoland Excel Estate S V Road Opp Patel Petrol Pump Goregaon - West India, Goregaon West, Maharashtra, 400104.

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

    The corporate identification number (CIN) of Asset Cars Private Limited is U50200MH2011PTC231192 and the company number is 231192 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Asset Cars Private Limited?

    The Official website of Asset Cars Private Limited is https://www.modihyundai.co.in

  • What has been the recent revenue trend for Asset Cars Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Asset Cars Private Limited has risen by 32.61%.

  • How many employees does Asset Cars Private Limited currently have?

    As Per 2023 financial reports, 5 employees are currently employed by Asset Cars Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Asset Cars Private Limited has experienced an upsurge of 9.10%.

  • What are the total open charges for Asset Cars Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Asset Cars Private Limited amount to ₹ 69.12 Cr.

  • When was the last Balance Sheet of Asset Cars Private Limited filed with the ROC?

    The most recent Balance Sheet for Asset Cars Private Limited was filed with the ROC on 31 Mar 2024.

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