Avantika Cotspin Profile
Key Indicators
- Authorised Capital ₹ 7.50 Cr
- Paid Up Capital ₹ 7.49 Cr
- Company Age 6 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 37.33 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 nine 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 2023. 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 ₹37.33 Cr.
Rajeev Singla, Dinesh Kumar, Parveen Kumar, and Six other members serve as directors at the Company.
Company Details
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Location
Patiala, Punjab, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U17309PB2018PTC047745
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Company No.
047745
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
11 Apr 2018
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Chandigarh
Industry
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 |
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Dinesh Kumar
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Director | 11-Apr-2018 | Current |
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Parveen Kumar
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Director | 11-Apr-2018 | Current |
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Rajinder Kumar
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Director | 11-Apr-2018 | Current |
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Shashi Singla
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Director | 27-Jun-2018 | Current |
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Sanjiv Singla
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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%.
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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)
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Shree Krishna Spintex LimitedRajeev Singla, Dinesh Kumar and 3 more are mutual person
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Ayodhya Cotspin Private Limited
Rajeev Singla is a mutual person
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J.D. Spintex Limited
Rajeev Singla, Rajinder Kumar and 1 more are mutual person
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Samana Rubber Private Limited
Rajeev Singla, Rajinder Kumar and 1 more are mutual person
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Tejas Cotspin Limited
Sanjiv Singla is a mutual person
Charges (Loans)
₹37.33 Cr
₹0
Charges Breakdown by Lending Institutions
- State Bank Of India : 37.33 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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.