Ashik Woollen Mills Limited
About Ashik Woollen Mills Limited
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Ashik Woollen Mills Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 14 November 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U19297MH1983PLC031335. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹13.72 Cr. It was formerly known as Ashik Textiles Private Limited. It is led by directors including Mahendra Sakarchand Mehta and Naresh Rasiklal Shah.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 205 – B 2nd Floor Balaji Krupa Chamber 40/42 Kazi Sayed Street Masjid Bandar, Mumbai, Maharashtra, India – 400003.
As per the financials filed for FY 2017, the company reported a revenue of ₹64,319, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹11.96 Lakh and EBITDA of -₹2.41 Lakh (EBITDA margin -374.6%). Revenue has grown at a compounded annual rate (CAGR) of 301% over three years.
As per MCA filings, the company has open charges of ₹50.91 Cr and satisfied charges of ₹10 Cr on record. Court records list 19 cases involving the company, including 7 filed by the company and 12 filed against it; 9 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Ashik Woollen Mills Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address205 – B 2nd Floor Balaji Krupa Chamber 40/42 Kazi Sayed Street Masjid Bandar, Mumbai, Maharashtra, India – 400003
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ashik Woollen Mills 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 Ashik Woollen Mills Limited
FY 2017 filings availableAshik Woollen Mills Limited reported revenue of ₹64,319 (down 13% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 13% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 301%. EBITDA rose 9% 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 | ₹64,319 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹2.41 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹11.96 Lakh | ||
| 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 | -374.6% | ||
| Net Profit Margin | |||
| 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 Ashik Woollen Mills Limited, buy the company report.
Board of directors of Ashik Woollen Mills Limited
Ashik Woollen Mills has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Sakarchand Mehta | Director | 22 Feb 2002 | 24 Years 8 Months | Current |
| Naresh Rasiklal Shah | Director | 04 Apr 1995 | 31 Years 7 Months | Current |
| Ashik Rameshchandra Shah Also directs: Indepth Trading Private Limited | Director | 16 Apr 1994 | 32 Years 6 Months | Current |
Peer comparison
Ashik Woollen Mills Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shri Siddhaganga Silk Farmers Producer Company Limited | ₹65,798 (FY 2023) | Kamatagi, Karnataka, India | ||||
| Ridhi Woollen Mills Private Limited | ₹65,009 (FY 2025) | -7.0% | Ludhiana, Punjab, India | |||
| 21St Century Legend Corporation Private Limited | ₹65,000 (FY 2025) | 8.0% | Gurgaon, Haryana, India | |||
| Hind Silk Mill Private Limited | ₹64,955 (FY 2025) | 0.0% | Kalyan, Maharashtra, India | |||
| Anusheel Filaments Private Limited | ₹64,641 (FY 2024) | -83.0% | Kanpur, Uttar Pradesh, India | |||
| Ashik Woollen Mills Limitedthis company | ₹64,319 (FY 2017) | -₹11.96 Lakh | -13.0% | Mumbai, Maharashtra, India | ||
| Syamala Enterprises Private Limited | ₹63,185 (FY 2022) | Telangana, India | ||||
| Rajganapati Realtors Private Limited | ₹63,031 (FY 2023) | -26.0% | Kolkata, West Bengal, India | |||
| Enfini Spintex Limited | ₹62,860 (FY 2024) | 1.0% | Hyderabad, Telangana, India | |||
| Moon Light Textiles Pvt Ltd | ₹62,799 (FY 2025) | Mumbai, Maharashtra, India | ||||
| Heenakshi Textiles Limited | ₹62,500 (FY 2018) | -89.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ashik Woollen Mills Limited, buy the company report.
Auditor
Ashik Woollen Mills Limited is audited by RISHABH D JAIN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RISHABH D JAIN & CO | FY 2017 | 125059W |
Shareholding
The shareholding of Ashik Woollen Mills Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ashik Woollen Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2005 | 90244471 | Canara Bankm | ₹8 Cr | Open | |
| 28 Mar 2002 | 90213834 | Canara Bank | ₹8 Cr | Open | |
| 16 Jan 2002 | 90213805 | The Vysya Bank Ltd | ₹11 Cr | Open | |
| 20 Dec 2001 | 90213797 | Punjab National Bank | ₹2 Cr | Open | |
| 25 Jul 2001 | 90213741 | Punjab National Bank | ₹4 Cr | Open |
To see the full charge records of Ashik Woollen Mills Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Ashik Woollen Mills Limited has 19 court cases on record: 7 filed by Ashik Woollen Mills, 12 filed against it. 9 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 8 |
| High courts | 6 | 0 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Suashish Finance Ltd | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Industrial Investment Corporation Ltd and 3 others | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (RECO33C2 LC) | Filed against the company by an individual | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (RECO33C2 LC) | Filed against the company by an individual | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (RECO33C2 LC) | Filed against the company by an individual | Pending |
To see the full case history of Ashik Woollen Mills 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 Ashik Woollen Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashik Woollen Mills 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 Ashik Woollen Mills Limited, buy the company report.
Recent activity
Ashik Woollen Mills Limited has 3 board changes on record since 1994: 3 appointments. The latest: Mahendra Sakarchand Mehta was appointed as Director on 22 Feb 2002.
16 earlier events are in the company report.
Frequently asked questions
Ashik Woollen Mills is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 14 November 1983 (43+ years old) and is registered under CIN U19297MH1983PLC031335.
Ashik Woollen Mills has 3 current directors:
- Mahendra Sakarchand Mehta - Director
- Naresh Rasiklal Shah - Director
- Ashik Rameshchandra Shah - Director
The latest financial statements of Ashik Woollen Mills on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Ashik Woollen Mills has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Ashik Woollen Mills is U19297MH1983PLC031335. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashik Woollen Mills has 19 court cases on record: 7 filed by the company and 12 filed against it. 9 are pending. Most are in the district courts.
Ashik Woollen Mills was incorporated on 14 November 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ashik Woollen Mills by revenue are Shri Siddhaganga Silk Farmers Producer Company Limited, Ridhi Woollen Mills Private Limited, 21St Century Legend Corporation Private Limited, Hind Silk Mill Private Limited, Anusheel Filaments Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Mahendra Sakarchand Mehta was appointed as Director on 22 Feb 2002. Naresh Rasiklal Shah was appointed as Director on 04 Apr 1995. Ashik Rameshchandra Shah was appointed as Director on 16 Apr 1994.
The registered office of Ashik Woollen Mills is at 205 – B 2nd Floor Balaji Krupa Chamber 4042 Kazi Sayed Street Masjid Bandar, Mumbai, Maharashtra, India – 400003.
Ashik Woollen Mills operates in the manufacturing industry, in the textile and fabric production segment.
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