Asnew Barrels Private Limited
About Asnew Barrels Private Limited
Data last updated:
Asnew Barrels Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 28 January 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28129MH1985PTC035181. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20.33 Lakh. It is led by directors Jatinder Singh Aujla and Gurinder Kaur Aujla.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 221 Swastik Chambers Siontrombay Road Chembur, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.67 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹7.17 Lakh (net margin -4.3%) and EBITDA of -₹4.74 Lakh (EBITDA margin -2.8%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 11% over five years.
The company has about 155 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30 Lakh and satisfied charges of ₹65 Lakh on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Asnew Barrels Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address221 Swastik Chambers Siontrombay Road Chembur, Mumbai, Maharashtra, India – 400071
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Asnew Barrels 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 Asnew Barrels Private Limited
FY 2022 filings availableAsnew Barrels Private Limited reported revenue of ₹1.67 Cr (down 49% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 49% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.67 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.74 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.17 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.8% | ||||
| Net Profit Margin | -4.3% | ||||
| 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 Asnew Barrels Private Limited, buy the company report.
Board of directors of Asnew Barrels Private Limited
Asnew Barrels has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jatinder Singh Aujla | Director | 28 Jan 1985 | 41 Years 9 Months | Current |
| Gurinder Kaur Aujla | Director | 29 Jun 2007 | 19 Years 4 Months | Current |
Auditor
Asnew Barrels Private Limited is audited by R KAPADIA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R KAPADIA & ASSOCIATES | FY 2019 | 134010W |
Shareholding
The shareholding of Asnew Barrels Private 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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Asnew Barrels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 1990 | 90212040 | State Bank of India | ₹30 Lakh | Open | |
| 29 Mar 1996 | 90210888 | The Maharastra State Financaial Corporation | ₹65 Lakh | Satisfied |
To see the full charge records of Asnew Barrels Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Asnew Barrels Private Limited has 7 court cases on record: 2 filed by Asnew Barrels, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Suryoday Small Finance Bank Limited. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Suryoday Small Finance Bank Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Suryoday Small Finance Bank Ltd. | Disposed |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by Tata Capital Financial Services Limited | Disposed |
| Bombay High Court | Tax appeal | Filed by the company against The Commissioner of Income Tax Mumbai City Circle -10 | Disposed |
To see the full case history of Asnew Barrels 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 Asnew Barrels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Asnew Barrels Private Limited has a workforce of 155 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Asnew Barrels 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 Asnew Barrels Private Limited, buy the company report.
Recent activity
Asnew Barrels Private Limited has 3 board changes on record since 1985: 2 appointments and 1 cessation. The latest: Balbir Onkar Singh ceased to be Managing Director on 04 Nov 2016.
Frequently asked questions
Asnew Barrels is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 28 January 1985 (41+ years old) and is registered under CIN U28129MH1985PTC035181.
Asnew Barrels has 2 current directors:
- Jatinder Singh Aujla - Director
- Gurinder Kaur Aujla - Director
The latest financial statements of Asnew Barrels on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
No. Asnew Barrels has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Asnew Barrels is U28129MH1985PTC035181. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asnew Barrels has 7 court cases on record: 2 filed by the company and 5 filed against it. Most are in the district courts.
Asnew Barrels was incorporated on 28 January 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Balbir Onkar Singh ceased to be Managing Director on 04 Nov 2016. Gurinder Kaur Aujla was appointed as Director on 29 Jun 2007. Jatinder Singh Aujla was appointed as Director on 28 Jan 1985.
The registered office of Asnew Barrels is at 221 Swastik Chambers Siontrombay Road Chembur, Mumbai, Maharashtra, India – 400071.
Asnew Barrels operates in the business outsourcing industry, in the HR outsourcing and talent management segment.