Aksh Diamonds Private Limited
About Aksh Diamonds Private Limited
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Aksh Diamonds Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 18 October 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26960GJ2006PTC049256. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bhagchand Kanhiyalal Jain and Sunil Jain.
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 Surat, Gujarat.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.53 Cr, a decline of 96% compared to the previous year. For the same year it recorded a net profit of ₹17,475 (net margin 0.1%) and EBITDA of ₹32,094 (EBITDA margin 0.1%). Revenue has declined at a compounded annual rate (CAGR) of 80% over three years.
Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Aksh Diamonds Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH.No. 6/1419 – 1420 507 5th Floor Millenium Trade Centre Thoba Sheri Mahi, Dharpura, Surat, Gujarat, India – 395003
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Aksh Diamonds 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 Aksh Diamonds is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Aksh Diamonds Private Limited, buy the company report.
Financials of Aksh Diamonds Private Limited
FY 2019 filings availableAksh Diamonds Private Limited reported revenue of ₹2.53 Cr (down 96% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 80% over three years, including a 96% fall in the latest year. EBITDA fell 90% 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 | ₹2.53 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
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| Total Expenses | |||||
| EBITDA | ₹32,094 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17,475 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Aksh Diamonds Private Limited, buy the company report.
Board of directors of Aksh Diamonds Private Limited
Aksh Diamonds has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhagchand Kanhiyalal Jain Also directs: Ab Jain Oils Private Limited, Neelstar Gems Private Limited | Director | 18 Oct 2006 | 20 Years 0 Months | Current |
| Sunil Jain | Director | 01 Feb 2011 | 15 Years 9 Months | Current |
Auditor
Aksh Diamonds Private Limited is audited by KAILASH PATEL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAILASH PATEL & CO | FY 2019 | 141071W |
Shareholding
The shareholding of Aksh Diamonds Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Aksh Diamonds Private Limited, buy the company report.
Legal cases
Aksh Diamonds Private Limited has 5 court cases on record: 3 filed by Aksh Diamonds, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Income Tax Officer Ward1-1-1 Surat | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Income Tax Officer and 2 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Income Tax Officer, Ward 1( and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Income Tax Officer Ward 1( and 1 other | Disposed |
To see the full case history of Aksh Diamonds Private 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 Aksh Diamonds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aksh Diamonds has 2 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 Aksh Diamonds Private Limited, buy the company report.
Recent activity
Aksh Diamonds Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Hemant Tejraj Lodha ceased to be Director on 15 Feb 2011.
Frequently asked questions
Aksh Diamonds is an active private limited company based in Surat, Gujarat, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 18 October 2006 (20+ years old) and is registered under CIN U26960GJ2006PTC049256.
Aksh Diamonds has 2 current directors:
- Bhagchand Kanhiyalal Jain - Director
- Sunil Jain - Director
The latest financial statements of Aksh Diamonds 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.
No. Aksh Diamonds has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Aksh Diamonds is U26960GJ2006PTC049256. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aksh Diamonds has 5 court cases on record: 3 filed by the company and 2 filed against it. Most are in the high courts.
Aksh Diamonds was incorporated on 18 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hemant Tejraj Lodha ceased to be Director on 15 Feb 2011. Sunil Jain was appointed as Director on 01 Feb 2011. Bhagchand Kanhiyalal Jain was appointed as Director on 18 Oct 2006.
The registered office of Aksh Diamonds is at H.No. 61419 – 1420 507 5th Floor Millenium Trade Centre Thoba Sheri Mahi, Dharpura, Surat, Gujarat, India – 395003.
Aksh Diamonds operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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