Aastha Minmet (India) Limited
About Aastha Minmet (India) Limited
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Aastha Minmet (India) Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 07 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27105KA2007PLC042717. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹8.97 Cr. It was formerly known as Aastha Fincap Limited and Aastha Minmet (India) Private Limited. It is led by directors including Jay Singh and Hanumantharao Ravipati.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No. – W – 204 2nd Floor Sunrise Chambers Ulsoor Road, Bangalore, Karnataka, India – 560042.
As per the financials filed for FY 2012, the company reported a revenue of ₹166.16 Cr, a growth of 112% compared to the previous year. For the same year it recorded a net profit of ₹1.19 Cr (net margin 0.7%) and EBITDA of ₹3.17 Cr (EBITDA margin 1.9%).
As per MCA filings, the company has open charges of ₹35 Cr and satisfied charges of ₹34.5 Cr on record. Court records list 47 cases involving the company, including 23 filed by the company and 24 filed against it; 11 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
Aastha Minmet (India) has undergone 3 name changes throughout its history. The company was previously known as Aastha Fincap Limited, Aastha Minmet (India) Private Limited, and Aastha Fintech Limited. The current legal name is Aastha Minmet (India) Limited.
| Company Name | Status |
|---|---|
| Aastha Minmet (India) Limited | Current |
| Aastha Fincap Limited | Previous |
| Aastha Minmet (India) Private Limited | Previous |
| Aastha Fintech Limited | Previous |
CIN history
Aastha Minmet (India) has one previous CIN (Corporate Identification Number): U27105KA2007PTC042717. The current CIN is U27105KA2007PLC042717, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27105KA2007PLC042717 | Current |
| U27105KA2007PTC042717 | Previous |
Contact details
Aastha Minmet (India) Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. – W – 204 2nd Floor Sunrise Chambers Ulsoor Road, Bangalore, Karnataka, India – 560042
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Aastha Minmet (India) 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
Financials of Aastha Minmet (India) Limited
FY 2020 filings availableAastha Minmet (India) Limited reported revenue of ₹166.16 Cr (up 112% YoY) for FY 2012.
Compounded Annual Growth Rate (CAGR)
Revenue rose 112% in the latest year. EBITDA rose 18% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2011-12 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹166.16 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹3.17 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹1.19 Cr |
| 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 2011-12 |
|---|---|
| Profitability | |
| EBITDA Margin | 1.9% |
| Net Profit Margin | 0.7% |
| 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 Aastha Minmet (India) Limited, buy the company report.
Board of directors of Aastha Minmet (India) Limited
Aastha Minmet (India) has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jay Singh | Additional Director | 25 Jun 2022 | 4 Years 4 Months | Current |
| Hanumantharao Ravipati Also directs: Rajyalakshmi Minerals Private Limited | Additional Director | 14 Mar 2013 | 13 Years 7 Months | Current |
| Veeraswamy Vemuri | Additional Director | 14 Mar 2013 | 13 Years 7 Months | Current |
Shareholding
The shareholding of Aastha Minmet (India) Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Aastha Minmet (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2013 | 10411571 | State Bank of India | ₹20 Cr | Open | |
| 28 Mar 2009 | 10154704 | Idbi Bank Limited | ₹15 Cr | Open | |
| 29 Jun 2012 | 10365677 | Yes Bank Limited | ₹31.5 Cr | Satisfied | |
| 05 Oct 2007 | 10075195 | Syndicate Bank | ₹3 Cr | Satisfied |
To see the full charge records of Aastha Minmet (India) Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Aastha Minmet (India) Limited has 47 court cases on record: 23 filed by Aastha Minmet (India), 24 filed against it. 11 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 20 | 6 |
| High courts | 10 | 4 | 4 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed by the company against National Spot Exchange Limited | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against National Spot Exchange Limited and 1 other | Pending |
| High Court, MAHARASHTRA | Court case (AO) | Filed against the company by Idbi Bank Limited | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Idbi Bank Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Idbi Bank Ltd and 1 other | Pending |
To see the full case history of Aastha Minmet (India) 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 Aastha Minmet (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aastha Minmet (India) has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Aastha Minmet (India) Limited, buy the company report.
Recent activity
Aastha Minmet (India) Limited has 10 board changes on record since 2012: 3 appointments and 7 cessations. The latest: Jay Singh was appointed as Additional Director on 25 Jun 2022.
10 earlier events are in the company report.
Frequently asked questions
Aastha Minmet (India) is an active public limited company based in Bangalore, Karnataka, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 07 May 2007 (19+ years old) and is registered under CIN U27105KA2007PLC042717.
Aastha Minmet (India) has 3 current directors:
- Jay Singh - Additional Director
- Hanumantharao Ravipati - Additional Director
- Veeraswamy Vemuri - Additional Director
The latest financial statements of Aastha Minmet (India) on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Aastha Minmet (India) has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Aastha Minmet (India) is U27105KA2007PLC042717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aastha Minmet (India) has 47 court cases on record: 23 filed by the company and 24 filed against it. 11 are pending. Most are in the district courts.
Aastha Minmet (India) was incorporated on 07 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Jay Singh was appointed as Additional Director on 25 Jun 2022. Pooja Angad Mishra ceased to be Additional Director on 25 Jun 2022. Mohit Singhal ceased to be Managing Director on 09 Mar 2022. Aastha Minmet (India) has 10 board changes on record in total.
The registered office of Aastha Minmet (India) is at No. – W – 204 2nd Floor Sunrise Chambers Ulsoor Road, Bangalore, Karnataka, India – 560042.
Aastha Minmet (India) operates in the metals and minerals industry, in the metal retail and distribution segment.