Ashmit Motors Private Limited
About Ashmit Motors Private Limited
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Ashmit Motors Private Limited is a private limited company based in Ahmednagar, Maharashtra, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 12 December 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U34103PN2008PTC133194. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Ritesh Girdharilal Nayyar and Ekta Manish Nayyar.
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Plot No 45/2B Near Hotel Chaitanya Classic Nagapur Nagar Manmad Road, Ahmednagar, Maharashtra, India – 414003.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.49 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹43.03 Lakh (net margin -17.3%) and EBITDA of -₹31.55 Lakh (EBITDA margin -12.7%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years.
As per MCA filings, the company has open charges of ₹7.7 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Ashmit Motors Private Limited's registered office is in Ahmednagar, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No 45/2B Near Hotel Chaitanya Classic Nagapur Nagar Manmad Road, Ahmednagar, Maharashtra, India – 414003
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Ashmit Motors 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
Financials of Ashmit Motors Private Limited
FY 2016 filings availableAshmit Motors Private Limited reported revenue of ₹2.49 Cr (down 41% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 52% over three years, including a 41% fall 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹2.49 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹31.55 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹43.03 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -12.7% | |
| Net Profit Margin | -17.3% | |
| 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 Ashmit Motors Private Limited, buy the company report.
Board of directors of Ashmit Motors Private Limited
Ashmit Motors has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Girdharilal Nayyar | Director | 12 Dec 2008 | 17 Years 11 Months | Current |
| Ekta Manish Nayyar | Director | 12 Dec 2008 | 17 Years 11 Months | Current |
| Harish Lalchand Nayyar | Director | 12 Dec 2008 | 17 Years 11 Months | Current |
Auditor
Ashmit Motors Private Limited is audited by JAYANT V KOLAPKAR & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYANT V KOLAPKAR & CO | FY 2016 | 116037W |
Shareholding
The shareholding of Ashmit Motors Private 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 Ashmit Motors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Oct 2015 | 10601241 | Kotak Mahindra Prime Limited | ₹1 Cr | Open | |
| 12 Apr 2012 | 10356457 | Kotak Mahindra Prime Limited | ₹2.5 Cr | Open | |
| 25 Oct 2011 | 10318533 | Kotak Mahindra Bank Limited | ₹1.2 Cr | Open | |
| 25 Sep 2009 | 10184753 | Oriental Bank of Commerce | ₹1.2 Cr | Open | |
| 25 Sep 2009 | 10184755 | Oriental Bank of Commerce | ₹1.8 Cr | Open |
Total charge records: 5 View all charges
Legal cases
Ashmit Motors Private Limited has 3 court cases on record: 2 filed by Ashmit Motors, 1 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmednagar, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Filed by the company against The Assistant Provident Fund Commissioner Sub Regional Office Nashik | Disposed |
To see the full case history of Ashmit Motors 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 Ashmit Motors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashmit Motors has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ashmit Motors Private Limited, buy the company report.
Recent activity
Ashmit Motors Private Limited has 3 board changes on record since 2008: 3 appointments. The latest: Ekta Manish Nayyar was appointed as Director on 12 Dec 2008.
Frequently asked questions
Ashmit Motors is an active private limited company based in Ahmednagar, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 12 December 2008 (18+ years old) and is registered under CIN U34103PN2008PTC133194.
Ashmit Motors has 3 current directors:
- Ritesh Girdharilal Nayyar - Director
- Ekta Manish Nayyar - Director
- Harish Lalchand Nayyar - Director
The latest financial statements of Ashmit Motors on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2016. Year-wise statements from 2015 are in the company report.
No. Ashmit Motors has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ashmit Motors is U34103PN2008PTC133194. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashmit Motors has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Ashmit Motors was incorporated on 12 December 2008, making it 18+ years old. It is registered with the Registrar of Companies, Pune.
Ekta Manish Nayyar was appointed as Director on 12 Dec 2008. Harish Lalchand Nayyar was appointed as Director on 12 Dec 2008. Ritesh Girdharilal Nayyar was appointed as Director on 12 Dec 2008.
The registered office of Ashmit Motors is at Plot No 452B Near Hotel Chaitanya Classic Nagapur Nagar Manmad Road, Ahmednagar, Maharashtra, India – 414003.
Ashmit Motors operates in the automotive industry, in the auto dealership and trading segment.
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