Ashoka Multiyarn Mills Limited
About Ashoka Multiyarn Mills Limited
Data last updated:
Ashoka Multiyarn Mills Limited is a public limited company based in Jaipur, Rajasthan, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 29 May 1979.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U24304RJ1979PLC001892. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Ashoka Synthetics Limited. It is led by directors including Prateek Patodia and Mayank Patodia.
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 C – 94 Lal Kothi Scheme, Jaipur, Rajasthan, India – 302015.
As per the financials filed for FY 2017, the company reported a revenue of ₹22.14 Cr, a decline of 59% compared to the previous year. For the same year it recorded a net loss of ₹13.26 Cr (net margin -59.9%) and EBITDA of -₹10.3 Cr (EBITDA margin -46.5%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years.
As per MCA filings, the company has open charges of ₹37.72 Cr on record. Court records list 34 cases involving the company, including 5 filed by the company and 29 filed against it; 13 cases are pending.
Company details
Contact details
Ashoka Multiyarn Mills Limited's registered office is in Jaipur, Rajasthan. Its e-mail address is in the company report.
- Email
- Registered AddressC – 94 Lal Kothi Scheme, Jaipur, Rajasthan, India – 302015
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ashoka Multiyarn 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
Business activity
The main business activity of Ashoka Multiyarn Mills is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Ashoka Multiyarn Mills Limited, buy the company report.
Financials of Ashoka Multiyarn Mills Limited
FY 2017 filings availableAshoka Multiyarn Mills Limited reported revenue of ₹22.14 Cr (down 59% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over three years, including a 59% fall in the latest year. EBITDA fell 78% 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 | ₹22.14 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹10.3 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹13.26 Cr | ||
| 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 | -46.5% | ||
| Net Profit Margin | -59.9% | ||
| 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 Ashoka Multiyarn Mills Limited, buy the company report.
Board of directors of Ashoka Multiyarn Mills Limited
Ashoka Multiyarn Mills has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prateek Patodia Also directs: Keshar Multiyarn Mill Limited, Ashoka Farms Ltd, Brickworth Builders Pvt Ltd and 5 more | Director | 01 May 2012 | 14 Years 6 Months | As last reported |
| Mayank Patodia Also directs: Keshar Multiyarn Mill Limited, Eastern India Textile Mills' Association, Rajshree Multifibre Mills Limited and 5 more | Director | 01 Nov 2003 | 23 Years 0 Months | As last reported |
| Pawan Kumar Patodia Also directs: Keshar Multiyarn Mill Limited, Eastern India Textile Mills' Association, Rajshree Multifibre Mills Limited and 5 more | Director | 11 Nov 2013 | 12 Years 11 Months | As last reported |
| Anil Kumar Patodia Also directs: Rajshree Multifibre Mills Limited, Brickworth Builders Pvt Ltd, Abhishek Housing & Electronics Ltd and 5 more | Director | 03 Jan 2002 | 24 Years 10 Months | As last reported |
Peer comparison
Ashoka Multiyarn Mills Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dharmesh Silk Mills Private Limited | ₹22.16 Cr (FY 2025) | -5.0% | Surat, Gujarat, India | |||
| Ashoka Multiyarn Mills Limitedthis company | ₹22.14 Cr (FY 2017) | -₹13.26 Cr | -59.9% | -59.0% | Jaipur, Rajasthan, India | |
| Sitaram Silk Mills Private Limited | ₹22.13 Cr (FY 2025) | 23.0% | Burhanpur, Madhya Pradesh, India | |||
| Sellammal Spinners Private Limited | ₹22.13 Cr (FY 2025) | 0.0% | Tamil Nadu, India |
To see the full peer comparison of Ashoka Multiyarn Mills Limited, buy the company report.
Auditor
Ashoka Multiyarn Mills Limited is audited by S S SURANA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S SURANA & CO | FY 2017 | 001079C |
Shareholding
The shareholding of Ashoka Multiyarn Mills 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 Ashoka Multiyarn Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2007 | 10094719 | Union Bank Olf India | ₹30.51 Cr | Open | |
| 10 Jan 2002 | 90258769 | Union Bank of India | ₹2.5 Cr | Open | |
| 10 Jan 2002 | 90070837 | Union Bank of India | ₹4.71 Cr | Open |
To see the full charge records of Ashoka Multiyarn Mills Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Ashoka Multiyarn Mills Limited has 34 court cases on record: 5 filed by Ashoka Multiyarn Mills, 29 filed against it. 13 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 21 | 11 |
| High courts | 13 | 8 | 2 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Positive Management Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by M/S Cliff Trexim Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S Cliff Trexim Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Garg Brothers Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by Garg Brothers Pvt. Ltd. | Pending |
To see the full case history of Ashoka Multiyarn 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 Ashoka Multiyarn Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashoka Multiyarn 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 Ashoka Multiyarn Mills Limited, buy the company report.
Recent activity
Ashoka Multiyarn Mills Limited has 10 board changes on record since 2002: 4 appointments and 6 cessations. The latest: Anil Kumar Patodia ceased to be Director on 15 May 2018.
7 earlier events are in the company report.
Frequently asked questions
Ashoka Multiyarn Mills is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ashoka Multiyarn Mills is a company under liquidation, formerly operating as a public limited company based in Jaipur, Rajasthan, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 29 May 1979 and is registered under CIN U24304RJ1979PLC001892. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ashoka Multiyarn Mills has 4 current directors:
- Prateek Patodia - Director
- Mayank Patodia - Director
- Pawan Kumar Patodia - Director
- Anil Kumar Patodia - Director
The latest financial statements of Ashoka Multiyarn 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.
The CIN (Corporate Identification Number) of Ashoka Multiyarn Mills is U24304RJ1979PLC001892. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashoka Multiyarn Mills has open charges of ₹37.72 Cr and no satisfied charges on record as per latest MCA filings.
Ashoka Multiyarn Mills has 34 court cases on record: 5 filed by the company and 29 filed against it. 13 are pending. Most are in the district courts.
Ashoka Multiyarn Mills was incorporated on 29 May 1979. It is registered with the Registrar of Companies, Jaipur.
The peers of Ashoka Multiyarn Mills by revenue are Dharmesh Silk Mills Private Limited, Sitaram Silk Mills Private Limited, Sellammal Spinners Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Anil Kumar Patodia ceased to be Director on 15 May 2018. Mayank Patodia ceased to be Managing Director on 01 Nov 2015. Pawan Kumar Patodia ceased to be Additional Director on 29 Sep 2014. Ashoka Multiyarn Mills has 10 board changes on record in total.
The registered office of Ashoka Multiyarn Mills is at C – 94 Lal Kothi Scheme, Jaipur, Rajasthan, India – 302015.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
