About Art Beads Private Limited
Data last updated:
Art Beads Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 22 November 1988.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1988PTC049740. The company has 5 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹49.71 Lakh. It was led by directors Satish Dhirajlal Vithalani (Managing Director) and Rashmi Satishbhai Vithlani.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 5/32 2nd Panjrapole Lane C. P. Tank Road, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2017, the company reported a revenue of ₹106.41 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹44.7 Lakh (net margin 0.4%) and EBITDA of ₹96.79 Lakh (EBITDA margin 0.9%).
The company had about 29 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Art Group. As per MCA filings, the company had satisfied charges of ₹6.91 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The last known website on record is artgroupindia.com.
Company details
Contact details
Art Beads Private Limited's registered office is in Mumbai, Maharashtra. Its website is artgroupindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address5/32 2nd Panjrapole Lane C. P. Tank Road, Mumbai, Maharashtra, India – 400004
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Art Beads 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
Brands
Art Beads operates one associated brand: Art Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacture and export of glass beads, chatons, and accessories for jewelry and industrial uses in India. | artgroupindia.com |
Business activity
The main business activity of Art Beads 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 Art Beads Private Limited, buy the company report.
Financials of Art Beads Private Limited
FY 2017 filings availableArt Beads Private Limited reported revenue of ₹106.41 Cr (up 9% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year. EBITDA fell 23% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Total Expenses | |||
| EBITDA | ₹96.79 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹44.7 Lakh | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.9% | ||
| Net Profit Margin | 0.4% | ||
| 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 Art Beads Private Limited, buy the company report.
Board of directors of Art Beads Private Limited
Art Beads 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 |
|---|---|---|---|---|
| Satish Dhirajlal Vithalani | Managing Director | 15 Jan 1999 | 27 Years 9 Months | As last reported |
| Rashmi Satishbhai Vithlani | Director | 15 Jan 1999 | 27 Years 9 Months | As last reported |
Auditor
Art Beads Private Limited is audited by MADLANI & VITHLANI for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MADLANI & VITHLANI | FY 2016 | 105722W |
Shareholding
The shareholding of Art Beads Private 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 Art Beads Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Sep 2011 | 10313128 | Bank of Baroda | ₹6 Cr | Satisfied | |
| 16 Sep 2005 | 90236458 | Bank of Baroda | ₹12.65 Lakh | Satisfied | |
| 25 Oct 2002 | 90220438 | Bank of Baroda | ₹14 Lakh | Satisfied | |
| 30 Jan 2001 | 90226338 | Bank of Baroda | ₹14 Lakh | Satisfied | |
| 17 Nov 2000 | 90226322 | Gujarat State Financial Corporation | ₹50.6 Lakh | Satisfied |
To see the full charge records of Art Beads Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Art Beads Private Limited has 2 court cases on record: 1 filed by Art Beads, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against State of West Bengal & Anr | Disposed |
To see the full case history of Art Beads 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 Art Beads Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Art Beads Private Limited has a workforce of 29 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Art Beads has 5 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 Art Beads Private Limited, buy the company report.
Recent activity
Art Beads Private Limited has 5 board changes on record since 1999: 2 appointments and 3 cessations. The latest: Rashmi Satishbhai Vithlani ceased to be Director on 01 Apr 2012.
6 earlier events are in the company report.
Frequently asked questions
Art Beads 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.
Art Beads was a private limited company based in Mumbai, Maharashtra, India. The company worked in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 22 November 1988 and is registered under CIN U51900MH1988PTC049740. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Art Beads was incorporated on 22 November 1988. It is registered with the Registrar of Companies, Mumbai.
Art Beads had 2 directors:
- Satish Dhirajlal Vithalani - Managing Director
- Rashmi Satishbhai Vithlani - Director
The CIN (Corporate Identification Number) of Art Beads is U51900MH1988PTC049740. 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 Art Beads is at 532 2nd Panjrapole Lane C. P. Tank Road, Mumbai, Maharashtra, India – 400004.
Art Beads can be reached through the website artgroupindia.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Art Beads on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Art Beads has 5 GST registrations on record and all of them are cancelled or inactive.
Art Beads operated in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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