Asuti Trading Private Limited
About Asuti Trading Private Limited
Data last updated:
Asuti Trading Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 23 April 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65921KA1996PTC020352. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹3.08 Cr. It is led by directors including Raj Kumar Goel and Nilesh Rameshrao Thakare.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 1176 1st Floor 12th B. Main Hal 2nd Stage, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2018, the company reported a revenue of ₹152.88 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹4.44 Cr (net margin -2.9%) and EBITDA of ₹2.45 Cr (EBITDA margin 1.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
As per MCA filings, the company has open charges of ₹197.5 Cr and satisfied charges of ₹25 Cr on record. Court records list 16 cases involving the company, including 4 filed by the company and 12 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Asuti Trading Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered Address1176 1st Floor 12th B. Main Hal 2nd Stage, Bangalore, Karnataka, India – 560008
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Asuti Trading 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
Business activity
The main business activity of Asuti Trading is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Asuti Trading Private Limited, buy the company report.
Financials of Asuti Trading Private Limited
FY 2018 filings availableAsuti Trading Private Limited reported revenue of ₹152.88 Cr (down 69% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over three years, including a 69% fall in the latest year. EBITDA rose 66% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹152.88 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2.45 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.44 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.6% | |||
| Net Profit Margin | -2.9% | |||
| 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 Asuti Trading Private Limited, buy the company report.
Board of directors of Asuti Trading Private Limited
Asuti Trading has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Kumar Goel Also directs: Asuti Warehouse LLP | Director | 19 Mar 2016 | 10 Years 7 Months | Current |
| Nilesh Rameshrao Thakare | Additional Director | 25 Oct 2021 | 5 Years 0 Months | Current |
| Uddhav Bhaurao Bhamare Also directs: New Pride Commotrade Private Limited | Additional Director | 10 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Asuti Trading Private Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Integral Industries Private Limited | ₹153.91 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| DNM Flora Distributors Private Limited | ₹153.71 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Sakti Steel Enterprises Pvt Ltd | ₹153.39 Cr (FY 2025) | -3.0% | Guwahati, Assam, India | |||
| JDJ Alloys Private Limited | ₹153.36 Cr (FY 2025) | 114.0% | Delhi, India | |||
| Sakshi Steel-N-Alloys Private Limited | ₹153.19 Cr (FY 2025) | 303.0% | Bagalore, Karnataka, India | |||
| Asuti Trading Private Limitedthis company | ₹152.88 Cr (FY 2018) | -₹4.44 Cr | -2.9% | -69.0% | Bangalore, Karnataka, India | |
| KST Ispat Private Limited | ₹152.59 Cr (FY 2025) | -34.0% | Hyderabad, Telangana, India | |||
| Baldeo Metals Private Limited | ₹151.87 Cr (FY 2018) | 7.0% | Delhi, India | |||
| Raghav Ispat Private Limited | ₹151.78 Cr (FY 2025) | 5.0% | Raigarh, Chhattisgarh, India |
To see the full peer comparison of Asuti Trading Private Limited, buy the company report.
Auditor
Asuti Trading Private Limited is audited by DAGDULAL K JAIN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DAGDULAL K JAIN & CO | FY 2018 | 101995W |
Shareholding
The shareholding of Asuti Trading Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Asuti Trading Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2017 | 100191280 | Punjab and Maharashtra Co-Operative Bank Limited | ₹75 Cr | Open | |
| 23 Nov 2016 | 100072234 | Others | ₹52.5 Cr | Open | |
| 05 Jul 2016 | 100042068 | Others | ₹50 Cr | Open | |
| 04 Dec 2007 | 10082693 | Others | ₹20 Cr | Open | |
| 28 Mar 2009 | 10157442 | The Lakshmi Vilas Bank Ltd. | ₹5 Cr | Satisfied |
To see the full charge records of Asuti Trading Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Asuti Trading Private Limited has 16 court cases on record: 4 filed by Asuti Trading, 12 filed against it. 3 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 10 | 3 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Bank of Baroda | Disposed |
| District court, Ratnagiri, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company by an individual | Pending |
| District court, Amreli, Gujarat | Court case (SPCS) | Filed against the company by an individual | Pending |
| District court, Indore, Madhya Pradesh | Court case (MJC R) | Filed against the company by Unity Small Finance Bank | Disposed |
To see the full case history of Asuti Trading 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.
Credit ratings & regulatory alerts
Asuti Trading Private Limited was last rated by Care on 24 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 May 2022 |
To see the full credit ratings and regulatory alerts of Asuti Trading Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Asuti Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Asuti Trading 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 Asuti Trading Private Limited, buy the company report.
Recent activity
Asuti Trading Private Limited has 16 board changes on record since 2008: 3 appointments and 13 cessations. The latest: Nilesh Rameshrao Thakare was appointed as Additional Director on 25 Oct 2021.
19 earlier events are in the company report.
Frequently asked questions
Asuti Trading is an active private limited company based in Bangalore, Karnataka, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 23 April 1996 (30+ years old) and is registered under CIN U65921KA1996PTC020352.
Asuti Trading has 3 current directors:
- Raj Kumar Goel - Director
- Nilesh Rameshrao Thakare - Additional Director
- Uddhav Bhaurao Bhamare - Additional Director
The latest financial statements of Asuti Trading on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Asuti Trading has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Asuti Trading is U65921KA1996PTC020352. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asuti Trading has 16 court cases on record: 4 filed by the company and 12 filed against it. 3 are pending. Most are in the district courts.
Asuti Trading was incorporated on 23 April 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Asuti Trading by revenue are Integral Industries Private Limited, DNM Flora Distributors Private Limited, Sakti Steel Enterprises Pvt Ltd, JDJ Alloys Private Limited, Sakshi Steel-N-Alloys Private Limited and 3 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Nilesh Rameshrao Thakare was appointed as Additional Director on 25 Oct 2021. Debasish Pal ceased to be Director on 10 Oct 2021. Uddhav Bhaurao Bhamare was appointed as Additional Director on 10 Oct 2021. Asuti Trading has 16 board changes on record in total.
The registered office of Asuti Trading is at 1176 1st Floor 12th B. Main Hal 2nd Stage, Bangalore, Karnataka, India – 560008.
Asuti Trading operates in the metals and minerals industry, in the metal retail and distribution segment.
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