A S T Paper Mills Limited
About A S T Paper Mills Limited
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A S T Paper Mills Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 08 April 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U22012PB1993PLC013222. Its GSTIN is 03AABCA4434E1ZD (Punjab).
The company has an authorised share capital of ₹3.3 Cr and a paid-up capital of ₹3.07 Cr. It was formerly known as A S T Paper Mills Private Limited. It is led by directors including Kulbir Singh Sethi (Managing Director) and Rimmi Sethi (Director Appointed In Casual Vacancy).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Village Gaunspur Hambran Road, Ludhiana, Punjab, India – 141008.
As per the financials filed for FY 2019, the company reported a revenue of ₹4.42 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.24 Lakh (net margin 28.1%) and EBITDA of ₹1.54 Lakh (EBITDA margin 34.9%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years.
As per MCA filings, the company has satisfied charges of ₹67.23 Cr on record. Court records list 18 cases involving the company, including 1 filed by the company and 17 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
A S T Paper Mills has one previous CIN (Corporate Identification Number): L22012PB1993PLC013222. The current CIN is U22012PB1993PLC013222, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U22012PB1993PLC013222 | Current |
| L22012PB1993PLC013222 | Previous |
Contact details
A S T Paper Mills Limited's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressVillage Gaunspur Hambran Road, Ludhiana, Punjab, India – 141008
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of A S T Paper Mills 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 A S T Paper Mills is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of A S T Paper Mills Limited, buy the company report.
Financials of A S T Paper Mills Limited
FY 2019 filings availableA S T Paper Mills Limited reported revenue of ₹4.42 Lakh (up 5% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 21%. EBITDA fell 6% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.42 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.54 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.24 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 34.9% | ||||
| Net Profit Margin | 28.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of A S T Paper Mills Limited, buy the company report.
Board of directors of A S T Paper Mills Limited
A S T Paper Mills has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rimmi Sethi | Director Appointed In Casual Vacancy | 02 Jan 2017 | 9 Years 10 Months | Current |
| Kulbir Singh Sethi | Managing Director | 08 Apr 1993 | 33 Years 6 Months | Current |
| Gurvinder S Sethi | Director | 28 Jan 2001 | 25 Years 9 Months | Current |
Peer comparison
A S T Paper Mills Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Paper, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| V2 Realty Private Limited | ₹4.44 Lakh (FY 2025) | Mumbai, Maharashtra, India | ||||
| Shukriya Nirman Private Limited | ₹4.43 Lakh (FY 2024) | 17.0% | Mumbai, Maharashtra, India | |||
| A S T Paper Mills Limitedthis company | ₹4.42 Lakh (FY 2019) | ₹1.24 Lakh | 28.1% | 5.0% | Ludhiana, Punjab, India | |
| Kartavya Properties Private Limited | ₹4.41 Lakh (FY 2024) | 2.0% | Kolkata, West Bengal, India |
To see the full peer comparison of A S T Paper Mills Limited, buy the company report.
Auditor
A S T Paper Mills Limited is audited by SUMAT GUPTA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUMAT GUPTA & CO | FY 2019 | 010288N |
Shareholding
The shareholding of A S T Paper Mills Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of A S T Paper Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Apr 2005 | 80007975 | State Bank of India | ₹19.74 Cr | Satisfied | |
| 18 Feb 2002 | 80028781 | State Bank of India | ₹12.48 Cr | Satisfied | |
| 18 Feb 2002 | 90182931 | State Bank of India | ₹2.75 Cr | Satisfied | |
| 17 Nov 2001 | 90180456 | State Bank of India | ₹35 Lakh | Satisfied | |
| 16 Oct 2000 | 90180349 | State Bank of India | ₹16.83 Cr | Satisfied |
To see the full charge records of A S T Paper Mills Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
A S T Paper Mills Limited has 18 court cases on record: 1 filed by A S T Paper Mills, 17 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 0 |
| High courts | 5 | 4 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Cheema Boilers Ltd. | Disposed |
| District court, Ludhiana, Punjab | Civil miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Ludhiana, Punjab | Civil miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by an individual | Disposed |
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by an individual | Disposed |
To see the full case history of A S T Paper Mills Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for A S T Paper Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
A S T Paper Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCA4434E1ZD | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of A S T Paper Mills Limited, buy the company report.
Recent activity
A S T Paper Mills Limited has 5 board changes on record since 1993: 3 appointments and 2 cessations. The latest: Rimmi Sethi was appointed as Director Appointed In Casual Vacancy on 02 Jan 2017.
31 earlier events are in the company report.
Frequently asked questions
A S T Paper Mills is an active public limited company based in Ludhiana, Punjab, India. The company works in real estate financing, within the financial services industry. It was incorporated on 08 April 1993 (33+ years old) and is registered under CIN U22012PB1993PLC013222.
A S T Paper Mills has 3 current directors:
- Kulbir Singh Sethi - Managing Director
- Rimmi Sethi - Director Appointed In Casual Vacancy
- Gurvinder S Sethi - Director
The latest financial statements of A S T Paper Mills on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of A S T Paper Mills is 03AABCA4434E1ZD, registered in Punjab.
The CIN (Corporate Identification Number) of A S T Paper Mills is U22012PB1993PLC013222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
A S T Paper Mills has 18 court cases on record: 1 filed by the company and 17 filed against it. Most are in the district courts.
A S T Paper Mills was incorporated on 08 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of A S T Paper Mills by revenue are V2 Realty Private Limited, Shukriya Nirman Private Limited, Kartavya Properties Private Limited, all in the BFSI industry (Paper, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Rimmi Sethi was appointed as Director Appointed In Casual Vacancy on 02 Jan 2017. Bhupinder Singh Sethi ceased to be Director on 25 Dec 2016. Nishi Sethi ceased to be Director on 31 Mar 2012. A S T Paper Mills has 5 board changes on record in total.
The registered office of A S T Paper Mills is at Village Gaunspur Hambran Road, Ludhiana, Punjab, India – 141008.
A S T Paper Mills operates in the financial services industry, in the real estate financing segment.
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