About Shri Aster Silicates Limited
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Shri Aster Silicates Limited is a public limited company based in Jhagadia, 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 industrial chemicals segment of the chemicals and materials sector. It was incorporated on 27 August 1996.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L01403GJ1996PLC030581. Its GSTIN is 24AABCA6474E2ZW (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 30 May 2018 · compulsory delisting and from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹23.53 Cr. It was formerly known as Aster Silicates Limited and Aster Silicates Limited. It is led by directors including Lekha Manibhai Buch (Whole-Time Director) and Shailesh Manibhai Buch.
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 Plot No.831 B/H. J.M Huber Chemicals Jhagadia GIDC Jhagadia Dist. Bharuch, Gujarat, India – 393110.
As per the financials filed for FY 2015, the company reported a revenue of ₹14.26 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹31.75 Cr (net margin -222.6%) and EBITDA of -₹9.48 Cr (EBITDA margin -66.5%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
The company is associated with 1 brand: Aster Silicates. As per MCA filings, the company has open charges of ₹114 Cr and satisfied charges of ₹68.74 Cr on record. Court records list 35 cases involving the company, including 13 filed by the company and 22 filed against it; 3 cases are pending. The company has 11 deals on record (9 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹9.99 Cr; the latest was in January 2013.
The last known website on record is astersilicatesltd.com.
Company details
Name history
Shri Aster Silicates has undergone 2 name changes throughout its history. The company was previously known as Aster Silicates Limited, and Aster Silicates Limited. The current legal name is Shri Aster Silicates Limited.
| Company Name | Status |
|---|---|
| Shri Aster Silicates Limited | Current |
| Aster Silicates Limited | Previous |
| Aster Silicates Limited | Previous |
CIN history
Shri Aster Silicates has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L01403GJ1996PLC030581, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L01403GJ1996PLC030581 | Current |
| U27609GJ1996PLC030581 | Previous |
| L27609GJ1996PLC030581 | Previous |
Contact details
Shri Aster Silicates Limited's registered office is in Jhagadia, Gujarat. Its website is astersilicatesltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.831 B/H. J.M Huber Chemicals Jhagadia GIDC Jhagadia Dist. Bharuch, Gujarat, India – 393110
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Shri Aster Silicates 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
Shri Aster Silicates operates one associated brand: Aster Silicates. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Technology blogging and articles on environmental, wearable, and educational topics. | astersilicatesltd.com |
Financials of Shri Aster Silicates Limited
FY 2015 filings availableShri Aster Silicates Limited reported revenue of ₹14.26 Cr (down 23% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over three years, including a 23% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹14.26 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹9.48 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹31.75 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -66.5% |
| Net Profit Margin | -222.6% |
| 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 Shri Aster Silicates Limited, buy the company report.
Board of directors of Shri Aster Silicates Limited
Shri Aster Silicates has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailesh Manibhai Buch | Director | 15 May 2012 | 14 Years 5 Months | As last reported |
| Lekha Manibhai Buch | Whole-Time Director | 03 Dec 2016 | 9 Years 11 Months | As last reported |
| Krishnan Umamaheshwaran Also directs: Ecotech Energy Private Limited | Director | 18 Aug 2011 | 15 Years 2 Months | As last reported |
Auditor
Shri Aster Silicates Limited is audited by B P S D & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B P S D & ASSOCIATES | FY 2015 | 118251W |
Shareholding
The shareholding of Shri Aster Silicates Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Shri Aster Silicates Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Feb 2015 | 10553807 | Sicom Investments & Finance Limited | ₹5 Cr | Open | |
| 07 Jan 2014 | 10473060 | Sicom Limited | ₹15 Cr | Open | |
| 22 Mar 2013 | 10413330 | Ifci Factors Limited | ₹5 Cr | Open | |
| 22 Mar 2013 | 10413301 | Ifci Factors Limited | ₹5 Cr | Open | |
| 11 Dec 2012 | 10395300 | Sicom Limited | ₹50 Cr | Open |
To see the full charge records of Shri Aster Silicates Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Shri Aster Silicates Limited has 11 deals on record (9 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹9.99 Cr; the latest was in January 2013.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2013 | Market trade | ₹21.4 Lakh | Buyer: an individual Seller: Star Orechem International Private Limited , an individual |
| Feb 2012 | Market trade | ₹11.6 Lakh | Seller: Epoch Synthetics Pvt.Ltd. |
| Apr 2011 | Market trade | ₹29.9 Lakh | Buyer: JMP Securities Private Limited |
| Sep 2010 | Market trade | ₹64.6 Lakh | Buyer: NBN Fintrade Private Limited Seller: NBN Fintrade Private Limited |
| Aug 2010 | Market trade | ₹5.66 Cr | Buyer: Opg Securities Private Limited , Genuine Stock Brokers Private Limited , Crosseas Capital Markets Private Limited Seller: Opg Securities Private Limited , Genuine Stock Brokers Private Limited , Crosseas Capital Markets Private Limited |
To see the full deal history of Shri Aster Silicates 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
Shri Aster Silicates Limited has 35 court cases on record: 13 filed by Shri Aster Silicates, 22 filed against it. 3 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 14 | 1 | 2 |
| District courts | 11 | 11 | 1 |
| High courts | 7 | 7 | 0 |
| NCLAT | 3 | 3 | 0 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Miracle Moringa and Sustainable Agriculture Limited( Formerly Known As M/S Aster Green Enerteck Pvt. Ltd ) and 1 other | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Miracle Moringa and Sustainable Agriculture Limited | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Tri-Way Consultants Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Triway Consultants Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by Tri-Way Consultants Private Limited | Disposed |
To see the full case history of Shri Aster Silicates 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 Shri Aster Silicates Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shri Aster Silicates Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Shri Aster Silicates has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA6474E2ZW | Gujarat | Active | 09 Jun 2020 |
To see the full GST registrations and return filing status of Shri Aster Silicates Limited, buy the company report.
Recent activity
Shri Aster Silicates Limited has 37 board changes on record since 1996: 20 appointments and 17 cessations. The latest: Prithika Bose ceased to be Director on 22 Aug 2018.
65 earlier events are in the company report.
Frequently asked questions
Shri Aster Silicates 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.
Shri Aster Silicates is a company under liquidation, formerly operating as a public limited company based in Jhagadia, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 27 August 1996 and is registered under CIN L01403GJ1996PLC030581. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shri Aster Silicates has 3 current directors:
- Lekha Manibhai Buch - Whole-Time Director
- Shailesh Manibhai Buch - Director
- Krishnan Umamaheshwaran - Director
The latest financial statements of Shri Aster Silicates 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 CIN (Corporate Identification Number) of Shri Aster Silicates is L01403GJ1996PLC030581. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shri Aster Silicates is recorded as a listed company by MCA, but its shares were delisted from NSE on 30 May 2018 · compulsory delisting and from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
Shri Aster Silicates has open charges of ₹114 Cr and satisfied charges of ₹68.74 Cr as per latest MCA filings.
Shri Aster Silicates has 35 court cases on record: 13 filed by the company and 22 filed against it. 3 are pending. Most are in the nclt.
Shri Aster Silicates was incorporated on 27 August 1996. It is registered with the Registrar of Companies, Ahmedabad.
Shri Aster Silicates has 11 deals on record (9 market trades, 1 ipo, 1 funding round), with disclosed funding of ₹9.99 Cr; the latest was in January 2013.
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