About Assadi Resources Private Limited
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Assadi Resources Private Limited is a private limited company based in Mangalore, Karnataka, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 09 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51219KA2012PTC062491. Its GSTIN is 29AAKCA2430K1ZL (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Nihal Ahmed Assadi and Zanoon Mohammad Assadi.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Room No.1 # 3 – 31 – 2579/1 Vasanth Nivas Near Bunts Hostel, Mangalore, Karnataka, India – 575003.
As per the financials filed for FY 2015, the company reported a revenue of ₹9.33 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.17 Lakh (net margin 0.1%) and EBITDA of ₹39.94 Lakh (EBITDA margin 4.3%).
As per MCA filings, the company has open charges of ₹5.35 Cr on record. Court records list 13 cases involving the company, including 4 filed by the company and 9 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website assadigroup.com.
Company details
Contact details
Assadi Resources Private Limited's registered office is in Mangalore, Karnataka. Its website is assadigroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressRoom No.1 # 3 – 31 – 2579/1 Vasanth Nivas Near Bunts Hostel, Mangalore, Karnataka, India – 575003
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Assadi Resources 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 Assadi Resources Private Limited
FY 2015 filings availableAssadi Resources Private Limited reported revenue of ₹9.33 Cr (up 230% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 230% in the latest year. EBITDA rose 181% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹9.33 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹39.94 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹1.17 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 4.3% |
| Net Profit Margin | 0.1% |
| 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 Assadi Resources Private Limited, buy the company report.
Board of directors of Assadi Resources Private Limited
Assadi Resources has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nihal Ahmed Assadi | Director | 09 Feb 2012 | 14 Years 8 Months | Current |
| Zanoon Mohammad Assadi Also directs: Zann Commodities Private Limited | Director | 09 Feb 2012 | 14 Years 8 Months | Current |
| Haq Thokur Abdul Assadi Also directs: Zann Commodities Private Limited | Director | 09 Feb 2012 | 14 Years 8 Months | Current |
Shareholding
The shareholding of Assadi Resources Private Limited is on record for FY 2015, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public |
To see the full shareholding pattern of Assadi Resources Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Dec 2012 | 10394508 | State Bank of India | ₹5.35 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Assadi Resources Private Limited has 13 court cases on record: 4 filed by Assadi Resources, 9 filed against it. 2 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 8 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by M/S Shree Adinath Minerals Rep by Bhaven Worah | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed by the company against individuals | Pending |
| High Court of Karnataka | Appeal | Filed against the company by M/S Shree Adinath Minerals, | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Court case (Ex.C) | Filed against the company by an individual | Disposed |
To see the full case history of Assadi Resources 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 Assadi Resources Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Assadi Resources has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCA2430K1ZL | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Assadi Resources Private Limited, buy the company report.
Recent activity
Assadi Resources Private Limited has 3 board changes on record since 2012: 3 appointments. The latest: Haq Thokur Abdul Assadi was appointed as Director on 09 Feb 2012.
Frequently asked questions
Assadi Resources is an active private limited company based in Mangalore, Karnataka, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 09 February 2012 (14+ years old) and is registered under CIN U51219KA2012PTC062491.
Assadi Resources has 3 current directors:
- Nihal Ahmed Assadi - Director
- Zanoon Mohammad Assadi - Director
- Haq Thokur Abdul Assadi - Director
The latest financial statements of Assadi Resources on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The GSTIN of Assadi Resources is 29AAKCA2430K1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Assadi Resources is U51219KA2012PTC062491. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Assadi Resources has 13 court cases on record: 4 filed by the company and 9 filed against it. 2 are pending. Most are in the district courts.
Assadi Resources was incorporated on 09 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Haq Thokur Abdul Assadi was appointed as Director on 09 Feb 2012. Nihal Ahmed Assadi was appointed as Director on 09 Feb 2012. Zanoon Mohammad Assadi was appointed as Director on 09 Feb 2012.
Assadi Resources can be reached through the website assadigroup.com. Its registered office is in Mangalore, Karnataka, India.
The registered office of Assadi Resources is at Room No.1 # 3 – 31 – 25791 Vasanth Nivas Near Bunts Hostel, Mangalore, Karnataka, India – 575003.
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