About Asis Logistics Limited
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Asis Logistics Limited is a public limited company based in Vapi, Gujarat, 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 integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 15 April 1972.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L51100GJ1972PLC036313. The company has 2 GST registrations on record, none of which is active. It is recorded as listed by MCA, but trading in its shares on BSE (506159) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹75.3 Lakh. It was formerly known as Paraan Limited. It is led by directors including Mukesh Hariram Bansal (Whole-Time Director) and Rakeshkumar Hariram Agarwal.
Its last annual general meeting (AGM) was held on 30 July 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Unit No. 611 Skylon Co – Operative Housing Society GIDC Char Rasta, Vapi, Gujarat, India – 396195.
As per the financials filed for FY 2019, the company reported a revenue of ₹4.58 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹5.34 Cr (net margin -116.7%) and EBITDA of -₹75.2 Lakh (EBITDA margin -16.4%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years.
The company is associated with 1 brand: ASIS Logistics. As per MCA filings, the company has open charges of ₹486.46 Cr on record. Court records list 41 cases involving the company, including 15 filed by the company and 26 filed against it; 8 cases are pending.
The last known website on record is asislogistics.com.
Company details
Contact details
Asis Logistics Limited's registered office is in Vapi, Gujarat. Its website is asislogistics.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No. 611 Skylon Co – Operative Housing Society GIDC Char Rasta, Vapi, Gujarat, India – 396195
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Asis Logistics 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
Brands
Asis Logistics operates one associated brand: ASIS Logistics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Integrated logistics solutions provider | asislogistics.com |
Business activity
The main business activity of Asis Logistics is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of Asis Logistics Limited, buy the company report.
Financials of Asis Logistics Limited
FY 2019 filings availableAsis Logistics Limited reported revenue of ₹4.58 Cr (down 37% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 45% over three years, including a 37% fall in the latest year. EBITDA fell 114% 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 | ₹4.58 Cr | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | -₹75.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.34 Cr | ||||
| Balance Sheet | |||||
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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 | -16.4% | ||||
| Net Profit Margin | -116.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Asis Logistics Limited, buy the company report.
Board of directors of Asis Logistics Limited
Asis Logistics has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakeshkumar Hariram Agarwal Also directs: Shirdi Panel Industries Limited, Shirdi Panel Industries Limited, Dytel Finance and Investments Private Limited and 2 more | Director | 14 Aug 2014 | 12 Years 2 Months | As last reported |
| Hiren Chandrakant Oza | Director | 01 Mar 2013 | 13 Years 7 Months | As last reported |
| Vianney Dgama | Director | 20 Sep 2013 | 13 Years 1 Months | As last reported |
| Manoj Hridyanand Singh | Director | 20 Sep 2013 | 13 Years 1 Months | As last reported |
| Alka Moitra Dayal | Director | 14 Aug 2014 | 12 Years 2 Months | As last reported |
| Mukesh Hariram Bansal | Whole-Time Director | 01 Aug 2014 | 12 Years 2 Months | As last reported |
Auditor
Asis Logistics Limited is audited by AGARWAL DESAI & SHAH for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL DESAI & SHAH | FY 2019 | 124850W |
Shareholding
The shareholding of Asis Logistics Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Asis Logistics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2015 | 10592868 | Asis Industries Limited | ₹36 Cr | Open | |
| 03 Nov 2012 | 10386326 | Union Bank of India | ₹30.55 Cr | Open | |
| 31 Oct 2012 | 10388236 | Janakalyan Sahakari Bank Limited | ₹5.5 Cr | Open | |
| 21 Apr 2012 | 10351704 | Hdfc Bank Limited | ₹28.35 Lakh | Open | |
| 24 Feb 2012 | 10348139 | Dena Bank | ₹20 Cr | Open |
To see the full charge records of Asis Logistics Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Asis Logistics Limited has 41 court cases on record: 15 filed by Asis Logistics, 26 filed against it. 8 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 24 | 7 |
| NCLT | 8 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Allcargo Logistics Limited and Others | Pending |
| NCLAT, Court II | Tribunal matter | Filed against the company by M/S Asis Industries Limited and 3 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Allcargo Logistics Limited and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Allcargo Logistics Limited and 2 others | Disposed |
| District court, South Goa, Goa | Arbitration matter | Filed by the company against Goa Shipyard Limited | Disposed |
To see the full case history of Asis Logistics 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 Asis Logistics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Asis Logistics 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 Asis Logistics Limited, buy the company report.
Recent activity
Asis Logistics Limited has 24 board changes on record since 1975: 15 appointments and 9 cessations. The latest: Ameet Mukesh Bansal ceased to be CFO on 01 Aug 2019.
29 earlier events are in the company report.
Frequently asked questions
Asis Logistics 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.
Asis Logistics is a company under liquidation, formerly operating as a public limited company based in Vapi, Gujarat, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 15 April 1972 and is registered under CIN L51100GJ1972PLC036313. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Asis Logistics has 6 current directors:
- Mukesh Hariram Bansal - Whole-Time Director
- Rakeshkumar Hariram Agarwal - Director
- Hiren Chandrakant Oza - Director
- Vianney Dgama - Director
- Manoj Hridyanand Singh - Director
- Alka Moitra Dayal - Director
The latest financial statements of Asis Logistics on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 July 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Asis Logistics is L51100GJ1972PLC036313. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asis Logistics is recorded as a listed company by MCA, but trading in its shares on BSE (506159) has been suspended, so they do not currently trade on a stock exchange.
Asis Logistics has open charges of ₹486.46 Cr and no satisfied charges on record as per latest MCA filings.
Asis Logistics has 41 court cases on record: 15 filed by the company and 26 filed against it. 8 are pending. Most are in the district courts.
Asis Logistics was incorporated on 15 April 1972. It is registered with the Registrar of Companies, Ahmedabad.
Ameet Mukesh Bansal ceased to be CFO on 01 Aug 2019. Alka Moitra Dayal was appointed as Director on 14 Aug 2014. Rakeshkumar Hariram Agarwal was appointed as Director on 14 Aug 2014. Asis Logistics has 24 board changes on record in total.