Avantika Cotspin Profile
Key Indicators
- Authorised Capital ₹ 7.50 Cr
- Paid Up Capital ₹ 7.49 Cr
- Company Age 6 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 49.49 Cr
- Revenue Growth -35.69%
- Profit Growth -85.19%
- Ebitda -12.02%
- Net Worth 1.23%
- Total Assets -16.61%
About Avantika Cotspin
Avantika Cotspin Private Limited (ACPL) is a Private Limited Indian Non-Government Company incorporated in India on 11 April 2018 (Six years and ten months 26 days old ). Its registered office is in Patiala, Punjab, 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 2024. It's a company limited by shares with an authorized capital of Rs 7.50 Cr and a paid-up capital of Rs 7.49 Cr.
The company currently has active open charges totaling ₹49.49 Cr.
Rajeev Singla, Dinesh Kumar, Parveen Kumar, and Six other members serve as directors at the Company.
Company Details
- Location
Patiala, Punjab, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17309PB2018PTC047745
- Company No.
047745
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
11 Apr 2018
- Date of AGM
16 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Manufacturing
Who are the key members and board of directors at Avantika Cotspin?
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajeev Singla  | Director | 11-Apr-2018 | Current |
| Dinesh Kumar | Director | 11-Apr-2018 | Current |
| Parveen Kumar | Director | 11-Apr-2018 | Current |
| Rajinder Kumar | Director | 11-Apr-2018 | Current |
| Shashi Singla | Director | 27-Jun-2018 | Current |
| Naresh Kumar | Director | 11-Apr-2018 | Current |
Financial Performance of Avantika Cotspin.
Avantika Cotspin Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 35.69% decrease. The company also saw a substantial fall in profitability, with a 85.19% decrease in profit. The company's net worth moved up by a moderate rise of 1.23%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Avantika Cotspin?
In 2023, Avantika Cotspin had a promoter holding of 29.89% and a public holding of 70.11%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Shree Krishna Spintex Limited
Rajeev Singla, Dinesh Kumar and 3 more are mutual person
- Ayodhya Cotspin Private Limited
Rajeev Singla is a mutual person
- J.D. Spintex Limited
Rajeev Singla, Rajinder Kumar and 1 more are mutual person
- Samana Rubber Private Limited
Rajeev Singla, Rajinder Kumar and 1 more are mutual person
- Tejas Cotspin Limited
Sanjiv Singla is a mutual person
Charges (Loans)
Open Charges
₹49.49 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- State Bank Of India : 49.49 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Oct 2024 | State Bank Of India | ₹12.16 Cr | Open |
| 09 Nov 2021 | State Bank Of India | ₹16.43 Cr | Open |
| 01 Jun 2020 | State Bank Of India | ₹1.90 Cr | Open |
| 01 Feb 2019 | State Bank Of India | ₹19.00 Cr | Open |
How Many Employees Work at Avantika Cotspin?
Avantika Cotspin has a workforce of 2 employees as of Apr 09, 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 Avantika Cotspin, 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 Avantika Cotspin'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.
Latest Updates, News, and FAQs on Avantika Cotspin
Recent activity within the organization
- Charges
A charge with State Bank Of India amounted to Rs. 12.16 Cr with Charge ID 100998705 was registered on 10 Oct 2024.
- Annual General Meeting
Avantika Cotspin Private Limited last Annual general meeting of members was held on 16 Sep 2024 as per latest MCA records.
- Balance Sheet
Avantika Cotspin Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
- Charges
A charge with State Bank Of India amounted to Rs. 16.43 Cr with Charge ID 100505978 was registered on 09 Nov 2021.
- Charges
A charge with State Bank Of India amounted to Rs. 1.90 Cr with Charge ID 100343646 was registered on 01 Jun 2020.
- Charges
A charge with State Bank Of India amounted to Rs. 19.00 Cr with Charge ID 100236196 was registered on 01 Feb 2019.
Frequently asked questions
What is the Incorporation or founding date of Avantika Cotspin Private Limited?
Avantika Cotspin Private Limited was incorporated on 11 Apr 2018.
What is authorized share capital and paid-up capital of Avantika Cotspin Private Limited?
The authorized share capital of Avantika Cotspin Private Limited is ₹ 7.50 Cr and paid-up capital is ₹ 7.49 Cr.
Who are the current board members & directors of Avantika Cotspin Private Limited?
Currently 9 directors are associated with Avantika Cotspin Private Limited.
- Rajeev Singla
- Dinesh Kumar
- Parveen Kumar
- Rajinder Kumar
- Shashi Singla
- Naresh Kumar
- Gopal Krishan
- Kamal Bansal
- Sanjiv Singla
What is the registered address of Avantika Cotspin Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Avantika Cotspin Private Limited is Patiala Road India, Samana, Punjab, 147101.
What is the corporate identification number (CIN) and company number of Avantika Cotspin Private Limited?
The corporate identification number (CIN) of Avantika Cotspin Private Limited is U17309PB2018PTC047745 and the company number is 047745 as per Ministry of Corporate Affairs (MCA).
What is the official website of Avantika Cotspin Private Limited?
The Official website of Avantika Cotspin Private Limited is https://www.ms-avantika-cotspin-ltd.business.site
What has been the recent revenue trend for Avantika Cotspin Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Avantika Cotspin Private Limited has fallen by -35.69%.
How many employees does Avantika Cotspin Private Limited currently have?
As Per 2023 financial reports, 2 employees are currently employed by Avantika Cotspin Private Limited.
What change has been observed in the net worth of Avantika Cotspin Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Avantika Cotspin Private Limited has experienced an upsurge of 1.23%.
What are the total open charges for Avantika Cotspin Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Avantika Cotspin Private Limited amount to ₹ 49.49 Cr.
When was the last Balance Sheet of Avantika Cotspin Private Limited filed with the ROC?
The most recent Balance Sheet for Avantika Cotspin Private Limited was filed with the ROC on 31 Mar 2024.