Avancier Mercantile Private Limited
About Avancier Mercantile Private Limited
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Avancier Mercantile Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 09 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC283427. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Abrar Ahmed Ansar Ahmed Shaikh and Parvez Hasan Sayed.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 7 Floor – 1 3 Navjeevan Society Dr Dadasaheb Bhadkamkar Marg Mumbai Cent, Ral, Maharashtra, India – 400008.
As per the financials filed for FY 2018, the company reported a revenue of ₹19.77 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.32 Lakh (net margin 0.2%) and EBITDA of ₹6.79 Lakh (EBITDA margin 0.3%).
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Avancier Mercantile Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address7 Floor – 1 3 Navjeevan Society Dr Dadasaheb Bhadkamkar Marg Mumbai Cent, Ral, Maharashtra, India – 400008
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Avancier Mercantile Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Avancier Mercantile is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Avancier Mercantile Private Limited, buy the company report.
Financials of Avancier Mercantile Private Limited
FY 2018 filings availableAvancier Mercantile Private Limited reported revenue of ₹19.77 Cr (up 260% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 260% in the latest year. EBITDA rose 324% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹6.79 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹4.32 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
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| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
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| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.3% | |
| Net Profit Margin | 0.2% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
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To see the full financial statements and ratios of Avancier Mercantile Private Limited, buy the company report.
Board of directors of Avancier Mercantile Private Limited
Avancier Mercantile has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abrar Ahmed Ansar Ahmed Shaikh Also directs: Longbon Trading Private Limited | Director | 01 Aug 2017 | 9 Years 3 Months | Current |
| Parvez Hasan Sayed Also directs: Longbon Trading Private Limited | Director | 09 Oct 2017 | 9 Years 1 Months | Current |
Peer comparison
Avancier Mercantile Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jewel Alliance Network Private Limited | ₹19.79 Cr (FY 2024) | 45.0% | Jaipur, Rajasthan, India | |||
| Avancier Mercantile Private Limitedthis company | ₹19.77 Cr (FY 2018) | ₹4.32 Lakh | 0.2% | 260.0% | Mumbai, Maharashtra, India | |
| Khun Khun Ji Ornaments Private Limited | ₹19.7 Cr (FY 2024) | 57.0% | Lucknow, Uttar Pradesh, India | |||
| Rajat Gems and Jewelleries Private Limited | ₹19.64 Cr (FY 2024) | -13.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Avancier Mercantile Private Limited, buy the company report.
Auditor
Avancier Mercantile Private Limited is audited by H R NAMPURWALA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H R NAMPURWALA & CO | FY 2017 | 128802 |
Shareholding
The shareholding of Avancier Mercantile Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Avancier Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Avancier Mercantile Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avancier Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avancier Mercantile has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Avancier Mercantile Private Limited, buy the company report.
Recent activity
Avancier Mercantile Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Amin Khan ceased to be Director on 09 Oct 2017.
Frequently asked questions
Avancier Mercantile is an active private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 09 July 2016 (10+ years old) and is registered under CIN U74999MH2016PTC283427.
Avancier Mercantile has 2 current directors:
- Abrar Ahmed Ansar Ahmed Shaikh - Director
- Parvez Hasan Sayed - Director
The latest financial statements of Avancier Mercantile on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from FY 2017 are in the company report.
No. Avancier Mercantile has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Avancier Mercantile is U74999MH2016PTC283427. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avancier Mercantile was incorporated on 09 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Avancier Mercantile by revenue are Jewel Alliance Network Private Limited, Khun Khun Ji Ornaments Private Limited, Rajat Gems and Jewelleries Private Limited, all in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (wholesale trading).
Amin Khan ceased to be Director on 09 Oct 2017. Parvez Hasan Sayed was appointed as Director on 09 Oct 2017. Amjad Nisar Ansari ceased to be Director on 25 Sep 2017. Avancier Mercantile has 5 board changes on record in total.
The registered office of Avancier Mercantile is at 7 Floor – 1 3 Navjeevan Society Dr Dadasaheb Bhadkamkar Marg Mumbai Cent, Ral, Maharashtra, India – 400008.
Avancier Mercantile operates in the consumer goods industry, in the watches and jewelry manufacturing segment.
The compliance status of Avancier Mercantile is active non-compliant as of 18 September 2026. The company is actively filing with the Registrar of Companies.
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