About Adhunik Cement Limited
Data last updated:
Adhunik Cement Limited was a public limited company based in Khelriahat, Meghalaya, India, operated as a subsidiary of Dalmia Cement (Bharat) Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the cement and cement products segment of the manufacturing sector. It was incorporated on 01 May 2003.
The company was registered with the Registrar of Companies (ROC), Guwahati, under CIN U26942ML2003PLC007090. Its GSTIN is 12AAFCA1128F1ZF (Arunachal Pradesh). The company held 9 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹35 Cr and a paid-up capital of ₹32.95 Cr. It was led by directors including Rowther Alwar Krishnakumar (Whole-Time Director) and Phone Syih.
Its last annual general meeting (AGM) was held on 22 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Vill Thangskai P.O Lumshnong, Khelriahat, Meghalaya, India – 793200.
As per the financials filed for FY 2017, the company reported a revenue of ₹425.27 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹88.41 Cr (net margin -20.8%) and EBITDA of ₹43.01 Cr (EBITDA margin 10.1%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
Its group structure included 2 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹563.62 Cr on record. Court records list 78 cases involving the company, including 54 filed by the company and 24 filed against it; 15 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in September 2012.
The last known website on record is dalmiacement.com.
Company details
CIN history
Adhunik Cement has one previous CIN (Corporate Identification Number): U26942ML2003PTC007090. The current CIN is U26942ML2003PLC007090, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U26942ML2003PLC007090 | Current |
| U26942ML2003PTC007090 | Previous |
Contact details
Adhunik Cement Limited's registered office is in Khelriahat, Meghalaya. Its website is dalmiacement.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVill Thangskai P.O Lumshnong, Khelriahat, Meghalaya, India – 793200
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Adhunik Cement 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 Adhunik Cement is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Adhunik Cement Limited, buy the company report.
Financials of Adhunik Cement Limited
FY 2017 filings availableAdhunik Cement Limited reported revenue of ₹425.27 Cr (down 10% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over three years, including a 10% fall in the latest year. EBITDA rose 599% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹425.27 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹43.01 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹88.41 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 10.1% | ||
| Net Profit Margin | -20.8% | ||
| 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 Adhunik Cement Limited, buy the company report.
Board of directors and KMP of Adhunik Cement Limited
Adhunik Cement Limited currently reports 7 directors and 1 key managerial person. 21 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Phone Syih Also directs: Canis Mines and Minerals LLP, Prithvi Mining & Steel Private Limited, Aditya Mining & Steel Private Limited and 1 more | Director | 17 Apr 2006 | 20 Years 6 Months | As last reported |
| Prakash Bajirao Kulkarni | Director | 01 Aug 2013 | 13 Years 3 Months | As last reported |
| Rowther Alwar Krishnakumar | Whole-Time Director | 04 Nov 2015 | 11 Years 0 Months | As last reported |
| Manisha Bansal | Director | 26 Mar 2015 | 11 Years 7 Months | As last reported |
| Ajit Aravindaksha Menon | Director | 21 May 2013 | 13 Years 5 Months | As last reported |
| Vaidyanathan Ramamurthy Also directs: Shriram Asset Management Company Limited, Shriram Properties Limited, General Optics (Asia) Ltd and 3 more | Director | 01 Aug 2013 | 13 Years 3 Months | As last reported |
Auditor
Adhunik Cement Limited is audited by S R BATLIBOI & CO LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI & CO LLP | FY 2017 | 301003E |
Shareholding
The shareholding of Adhunik Cement Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Adhunik Cement Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2014 | 10485258 | Punjab National Bank | ₹150 Cr | Satisfied | |
| 19 Sep 2013 | 10449450 | Bank of Maharashtra | ₹75 Cr | Satisfied | |
| 26 Dec 2012 | 10398141 | Yes Bank Limited | ₹150 Cr | Satisfied | |
| 17 Jul 2012 | 10368206 | United Bank of India | ₹35 Cr | Satisfied | |
| 18 Jun 2012 | 10363572 | Indian Bank | ₹6 Cr | Satisfied |
To see the full charge records of Adhunik Cement Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Adhunik Cement Limited has 1 deal on record (1 acquisition); the latest was in September 2012.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2012 | Acquisition | ₹557.69 Cr | Buyer: Dalmia Bharat Sugar and Industries Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adhunik Cement Limited has 78 court cases on record: 54 filed by Adhunik Cement, 24 filed against it. 15 cases are pending and 63 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 45 | 7 | 8 |
| High courts | 32 | 16 | 7 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 78)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kamrup Metro, Assam | Interim or miscellaneous application | Filed by the company against Dudley Capital Market Limited | Disposed |
| District court, Kamrup Metro, Assam | Civil suit | Filed by the company against Dudley Capital Market Limited | Disposed |
| District court, Kamrup Metro, Assam | Court case (Complaint Case C.R.) | Filed by the company against Dudley Capital Market Ltd. | Disposed |
| District court, Kamrup Metro, Assam | Court case (Complaint Case C.R.) | Filed by the company against NKC Projects Pvt. Ltd. and 1 other | Disposed |
| High Court, Assam | Interim or miscellaneous application | Filed against the company by M/S National Hardware Stores | Pending |
To see the full case history of Adhunik Cement 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.
Credit ratings & regulatory alerts
Adhunik Cement Limited was last rated by Icra on 15 Feb 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Feb 2019 |
To see the full credit ratings and regulatory alerts of Adhunik Cement Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Adhunik Cement Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Adhunik Cement has 2 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Adhunik MSP Cement (Assam) Limited | U26959AS2008PLC008717 | |
| Adhunik MSP Cement (Assam) Limited | U26959AS2008PLC008717 |
To see the full group structure of Adhunik Cement Limited, buy the company report.
GST
Adhunik Cement has 9 GST registrations: 2 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 12AAFCA1128F1ZF | Arunachal Pradesh | Active | 01 Jul 2017 |
| 14AAFCA1128F1ZB | Manipur | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adhunik Cement Limited, buy the company report.
Recent activity
Adhunik Cement Limited has 27 board changes on record since 2006: 8 appointments and 19 cessations. The latest: Rowther Alwar Krishnakumar ceased to be Director on 01 Feb 2016.
45 earlier events are in the company report.
News
Frequently asked questions
Adhunik Cement has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Adhunik Cement was a public limited company based in Khelriahat, Meghalaya, India. The company worked in cement and cement products, within the manufacturing industry. It was incorporated on 01 May 2003 and is registered under CIN U26942ML2003PLC007090. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Adhunik Cement was incorporated on 01 May 2003. It is registered with the Registrar of Companies, Guwahati.
Adhunik Cement had 8 directors and KMP:
- Rowther Alwar Krishnakumar - Whole-Time Director
- Phone Syih - Director
- Prakash Bajirao Kulkarni - Director
- Manisha Bansal - Director
- Ajit Aravindaksha Menon - Director
- Vaidyanathan Ramamurthy - Director
- Venkatesan - Director
- Aashima Khanna - Company Secretary
The CIN (Corporate Identification Number) of Adhunik Cement is U26942ML2003PLC007090. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Adhunik Cement is at Vill Thangskai P.O Lumshnong, Khelriahat, Meghalaya, India – 793200.
Adhunik Cement can be reached through the website dalmiacement.com. Its registered office is in Khelriahat, Meghalaya, India.
The latest financial statements of Adhunik Cement on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 22 August 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Adhunik Cement is 12AAFCA1128F1ZF, registered in Arunachal Pradesh. The company has 9 GST registrations in all, of which 2 are active and 7 are cancelled or inactive. Other active GSTINs include 14AAFCA1128F1ZB (Manipur).
Adhunik Cement operated in the manufacturing industry, in the cement and cement products segment.
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