About Asian Electronics Limited
Data last updated:
Asian Electronics Limited is a public limited company based in Mumbai, Maharashtra, 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 fittings and components segment of the manufacturing sector. It was incorporated on 21 January 1964.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1964PLC012835. It is recorded as listed by MCA, but its shares were delisted from NSE on 02 Jul 2018 · winding up and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹19.82 Cr. It is led by directors including Arun Shah (Whole-Time Director) and Rajesh Ishwarlal Mehta.
Its last annual general meeting (AGM) was held on 12 August 2013, and its latest financial statements are for the year ended 31 March 2013. The registered office is at Mumbai, Maharashtra.
The company is associated with 2 brands: Asian Electronics and AEL Group. As per MCA filings, the company has open charges of ₹1,201.92 Cr and satisfied charges of ₹98 Cr on record. Court records list 361 cases involving the company, including 212 filed by the company and 149 filed against it; 17 cases are pending. The company has 44 deals on record (43 market trades, 1 funding round), with disclosed funding of ₹96.6 Cr; the latest was in June 2014.
The last known website on record is asianelectronics.co.in.
Company details
CIN history
Asian Electronics has one previous CIN (Corporate Identification Number): U99999MH1964PTC012835. The current CIN is L99999MH1964PLC012835, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1964PLC012835 | Current |
| U99999MH1964PTC012835 | Previous |
Contact details
Asian Electronics Limited's registered office is in Mumbai, Maharashtra.
- Registered Address107 1st Floor Sumer Kendra Building P. B. Marg Behind Mahindra Towers Worl, I, Mumbai, Maharashtra, India – 400018
- IndustryManufacturing, Fittings & Components
- 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
Asian Electronics operates two associated brands: Asian Electronics and AEL Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electronic LED products are distributed by Asian Electronics in India. | asianelectronics.co.in | |
| Electronics components are manufactured and supplied by Asian Electronics. | aelgroup.com |
Financials of Asian Electronics Limited
FY 2013 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Asian Electronics Limited, buy the company report.
Board of directors of Asian Electronics Limited
Asian Electronics has 4 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Ishwarlal Mehta | Director | 01 Jun 2011 | 15 Years 4 Months | As last reported |
| Hardik Harnish Shah Also directs: Evoquer Real Estate LLP | Director | 06 Mar 2013 | 13 Years 7 Months | As last reported |
| Arun Shah Also directs: Indage Hotels Limited, Seabuckthorn Indage Limited, White Spread Foods Private Limited and 5 more | Whole-Time Director | 23 Dec 2006 | 19 Years 10 Months | As last reported |
| Dineshchandra Bhabhutlal Shah | Director | 29 Nov 2012 | 13 Years 10 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 4712 | 90243956 | Idbi Bank Ltd. | ₹98 Cr | Open | |
| 29 Apr 2009 | 10163969 | Bank of India Limited | ₹9 Cr | Open | |
| 23 Mar 2007 | 10046582 | Industrial Development Bank of India Limited | ₹100 Cr | Open | |
| 13 Oct 2006 | 10028155 | Jm Financial Asset Reconstruction Company Private Limited | ₹263.82 Cr | Open | |
| 27 Jun 2006 | 10009093 | Bank of India Limited | ₹3.81 Lakh | Open |
To see the full charge records of Asian Electronics Limited, buy the company report.
Total charge records: 64 View all charges
Deals & funding
Asian Electronics Limited has 44 deals on record (43 market trades, 1 funding round), with disclosed funding of ₹96.6 Cr; the latest was in June 2014.
Deals on record (5 of 44)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2014 | Market trade | ₹18.3 Lakh | Seller: Ritika Gems Private Limited |
| Jun 2014 | Market trade | ₹10 Lakh | Seller: Parijatha Business Solution Private Limited |
| Jun 2014 | Market trade | ₹8 Lakh | Seller: Parijatha Business Solution Private Limited |
| May 2014 | Market trade | ₹7.7 Lakh | Seller: Parijatha Business Solution Private Limited |
| May 2014 | Market trade | ₹8.5 Lakh | Seller: Parijatha Business Solution Private Limited |
To see the full deal history of Asian Electronics Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Asian Electronics Limited has 361 court cases on record: 212 filed by Asian Electronics, 149 filed against it. 17 cases are pending and 344 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 211 | 87 | 11 |
| High courts | 128 | 47 | 6 |
| Supreme Court | 21 | 15 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 361)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against Sbi Global Factors Ltd. (Earlier Known As Global Trade Finance Ltd.) and 6 others | Pending |
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against Sbi Global Factors Ltd. (Earlier Known As Global Trade Finance Ltd.) and 3 others | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Tata Motors Limited , , Other | Disposed |
| Bombay High Court | Court case (APP) | Filed by the company against HDFC Bank Limited | Disposed |
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by M/S.Shah Electro Ceramics Pvt.Ltd Etc 1 | Disposed |
To see the full case history of Asian Electronics 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 Asian Electronics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Asian Electronics Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Asian Electronics Limited has 48 board changes on record since 1979: 26 appointments and 22 cessations. The latest: Sankara Neelakanta Iyer ceased to be Whole-Time Director on 30 Jun 2014.
135 earlier events are in the company report.
Frequently asked questions
Asian Electronics 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.
Asian Electronics is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in fittings and components, within the manufacturing industry. It was incorporated on 21 January 1964 and is registered under CIN L99999MH1964PLC012835. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Asian Electronics has 4 current directors:
- Arun Shah - Whole-Time Director
- Rajesh Ishwarlal Mehta - Director
- Hardik Harnish Shah - Director
- Dineshchandra Bhabhutlal Shah - Director
The latest financial statements of Asian Electronics on record with the MCA are for the year ended 31 March 2013. Its last annual general meeting was held on 12 August 2013. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Asian Electronics is L99999MH1964PLC012835. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asian Electronics is recorded as a listed company by MCA, but its shares were delisted from NSE on 02 Jul 2018 · winding up and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
Asian Electronics has open charges of ₹1,201.92 Cr and satisfied charges of ₹98 Cr as per latest MCA filings.
Asian Electronics has 361 court cases on record: 212 filed by the company and 149 filed against it. 17 are pending. Most are in the district courts.
Asian Electronics was incorporated on 21 January 1964. It is registered with the Registrar of Companies, Mumbai.
Asian Electronics has 44 deals on record (43 market trades, 1 funding round), with disclosed funding of ₹96.6 Cr; the latest was in June 2014.