About Ashbee Industries India Private Limited
Data last updated:
Ashbee Industries India Private Limited is a private limited company based in Shindewadi, Maharashtra, India. It operates in the engineering sector. It was incorporated on 07 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U28112PN2007PTC130667. Its GSTIN is 27AAGCA5852K1ZD (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹23.18 Lakh. It was formerly known as Ashbee Metal Cladding India Private Limited. It is led by directors including Jivottam Tukaram Bhangui and Ashwin Jay Bhaangi.
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 Gat No.283 To 285 Post – Shindewadi Taluka – Khandala, Maharashtra, India – 412803.
As per the financials filed for FY 2019, the company reported a revenue of ₹25.74 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹93.24 Lakh (net margin 3.6%) and EBITDA of ₹3.17 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 12% over five years.
As per MCA filings, the company has open charges of ₹22.88 Cr on record. Court records list 10 cases involving the company, including 2 filed by the company and 8 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ash-bee.com.
Company details
Contact details
Ashbee Industries India Private Limited's registered office is in Shindewadi, Maharashtra. Its website is ash-bee.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGat No.283 To 285 Post – Shindewadi Taluka – Khandala, Maharashtra, India – 412803
- IndustryEngineering, Engineering, Metal Foundry & Fabrication Services, Procurement & Construction (EPC)
To see the full contact details of Ashbee Industries India 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 Ashbee Industries India is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ashbee Industries India Private Limited, buy the company report.
Financials of Ashbee Industries India Private Limited
FY 2019 filings availableAshbee Industries India Private Limited reported revenue of ₹25.74 Cr (up 60% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 60% growth in the latest year. EBITDA rose 20% 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 | ₹25.74 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) | ₹93.24 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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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 | 12.3% | ||||
| Net Profit Margin | 3.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ashbee Industries India Private Limited, buy the company report.
Board of directors of Ashbee Industries India Private Limited
Ashbee Industries India 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 |
|---|---|---|---|---|
| Jivottam Tukaram Bhangui | Director | 01 Feb 2010 | 16 Years 9 Months | Current |
| Ashwin Jay Bhaangi | Director | 13 Jul 2010 | 16 Years 3 Months | Current |
| Beverly Gauri Bhaangi | Director | 06 Mar 2017 | 9 Years 8 Months | Current |
Auditor
Ashbee Industries India Private Limited is audited by V A KARANJKAR & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V A KARANJKAR & CO | FY 2019 | 140793W |
Shareholding
The shareholding of Ashbee Industries India Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashbee Industries India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 May 2021 | 100449328 | Bank of India | ₹43.5 Lakh | Open | |
| 25 May 2021 | 100449334 | Bank of India | ₹49 Lakh | Open | |
| 11 Nov 2019 | 100303932 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 18 Feb 2014 | 10480336 | Bank of India Limited | ₹11.95 Cr | Open |
To see the full charge records of Ashbee Industries India Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Ashbee Industries India Private Limited has 10 court cases on record: 2 filed by Ashbee Industries India, 8 filed against it. 5 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 8 | 4 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed by the company against Hi Techno Control System Private Limited THR Ramdas Bhanudas Karpe and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Super Bond Panel India Private Limited | Disposed |
| District court, Satara, Maharashtra | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S. Shirazee Traders Through Huzefa K Pardawala | Pending |
| District court, North West, Delhi | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Ashbee Industries India 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.
Credit ratings & regulatory alerts
Ashbee Industries India Private Limited was last rated by Crisil on 21 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 Jun 2021 |
To see the full credit ratings and regulatory alerts of Ashbee Industries India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashbee Industries India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashbee Industries India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCA5852K1ZD | Maharashtra | Active | 01 Jul 2017 |
| 09AAGCA5852K1ZB | Uttar Pradesh | Active | 01 Sep 2017 |
To see the full GST registrations and return filing status of Ashbee Industries India Private Limited, buy the company report.
Recent activity
Ashbee Industries India Private Limited has 7 board changes on record since 2007: 5 appointments and 2 cessations. The latest: Beverly Gauri Bhaangi was appointed as Director on 06 Mar 2017.
3 earlier events are in the company report.
Frequently asked questions
Ashbee Industries India is an active private limited company based in Shindewadi, Maharashtra, India. The company works in the engineering industry. It was incorporated on 07 September 2007 (19+ years old) and is registered under CIN U28112PN2007PTC130667.
Ashbee Industries India has 3 current directors:
- Jivottam Tukaram Bhangui - Director
- Ashwin Jay Bhaangi - Director
- Beverly Gauri Bhaangi - Director
The latest financial statements of Ashbee Industries India 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 Ashbee Industries India is 27AAGCA5852K1ZD, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AAGCA5852K1ZB (Uttar Pradesh).
The CIN (Corporate Identification Number) of Ashbee Industries India is U28112PN2007PTC130667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashbee Industries India has 10 court cases on record: 2 filed by the company and 8 filed against it. 5 are pending. Most are in the district courts.
Ashbee Industries India was incorporated on 07 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Pune.
Beverly Gauri Bhaangi was appointed as Director on 06 Mar 2017. Manohar Achuta Kamat ceased to be Director on 31 Mar 2016. Ashwin Jay Bhaangi was appointed as Director on 13 Jul 2010. Ashbee Industries India has 7 board changes on record in total.
Ashbee Industries India can be reached through the website ash-bee.com. Its registered office is in Shindewadi, Maharashtra, India.
The registered office of Ashbee Industries India is at Gat No.283 To 285 Post – Shindewadi Taluka – Khandala, Maharashtra, India – 412803.
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