About Avon Corporation Limited
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Avon Corporation Limited is a public limited company based in Mumbai, Maharashtra, 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 general-purpose machinery segment of the industrial equipment and machinery sector. It was incorporated on 04 March 1999.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L29196MH1999PLC118640. It is recorded as listed by MCA, but its shares were delisted from BSE on 05 Mar 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹120 Cr and a paid-up capital of ₹64.58 Cr. It was formerly known as Avon Weighing Systems Limited. It is led by directors including Pankaj Pratapsinh Saraiya (Managing Director) and Rupal Pankaj Saraiya (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2013, and its latest financial statements are for the year ended 31 March 2013. The registered office is at 15/B 2nd Floor B Wing Kamal Kunj S.V.Road Irla Bridge Andheri West, Mumbai, Maharashtra, India – 400058.
As per MCA filings, the company has open charges of ₹44.6 Cr and satisfied charges of ₹93.15 Cr on record. Court records list 62 cases involving the company, including 8 filed by the company and 54 filed against it; 17 cases are pending. The company has 126 deals on record (125 market trades, 1 ipo); the latest was in June 2012.
The last known website on record is avon.co.in.
Company details
CIN history
Avon Corporation has one previous CIN (Corporate Identification Number): U29196MH1999PLC118640. The current CIN is L29196MH1999PLC118640, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29196MH1999PLC118640 | Current |
| U29196MH1999PLC118640 | Previous |
Contact details
Avon Corporation Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address15/B 2nd Floor B Wing Kamal Kunj S.V.Road Irla Bridge Andheri West, Mumbai, Maharashtra, India – 400058
- IndustryEquipment & Machinery, General Purposemachinery, General Purpose Machinery, Manufacturing
- 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 Avon Corporation Limited
FY 2013 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Avon Corporation Limited, buy the company report.
Board of directors of Avon Corporation Limited
Avon Corporation has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Pratapsinh Saraiya | Managing Director | 04 Mar 1999 | 27 Years 8 Months | As last reported |
| Rupal Pankaj Saraiya | Whole-Time Director | 04 Mar 1999 | 27 Years 8 Months | As last reported |
| Shantaben Pratapsingh Saraiya | Director | 15 Mar 2000 | 26 Years 7 Months | As last reported |
| Gaurev Senha | Director | 30 May 2013 | 13 Years 5 Months | As last reported |
| Satish Kishorechandra Mehta | Director | 30 May 2013 | 13 Years 5 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Feb 2011 | 10273180 | Reliance Capital Ltd | ₹6.6 Cr | Open | |
| 18 Sep 2010 | 10243504 | State Bank of India | ₹38 Cr | Open | |
| 16 Jul 2009 | 10173394 | Bank of India | ₹2.6 Cr | Satisfied | |
| 16 Jul 2009 | 10173396 | Bank of India | ₹24.9 Cr | Satisfied | |
| 24 Mar 2008 | 10093507 | Bank of India | ₹8.8 Cr | Satisfied |
To see the full charge records of Avon Corporation Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Avon Corporation Limited has 126 deals on record (125 market trades, 1 ipo); the latest was in June 2012.
Deals on record (5 of 126)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2011 | Market trade | ₹40.9 Lakh | Buyer: Parmatma Investments Private Limited Seller: an individual |
| Nov 2010 | Market trade | ₹22.3 Lakh | Seller: Venkateswara Capital Management Limited |
| Nov 2010 | Market trade | ₹1.72 Cr | Buyer: JMP Securities Private Limited , Shree Naman Securities & Finance Private Limited Seller: JMP Securities Private Limited , S L Chokhany Securities Private Limited , Shree Naman Securities & Finance Private Limited |
| Nov 2010 | Market trade | ₹3.47 Cr | Buyer: JMP Securities Private Limited , Credit Suisse First Boston (Singapore) Limited Seller: JMP Securities Private Limited , Think Bull Private Limited |
| Nov 2010 | Market trade | ₹2.66 Cr | Buyer: JMP Securities Private Limited , S L Chokhany Securities Private Limited , Shree Naman Securities & Finance Private Limited Seller: JMP Securities Private Limited , Shree Naman Securities & Finance Private Limited , Think Bull Private Limited |
To see the full deal history of Avon Corporation 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
Avon Corporation Limited has 62 court cases on record: 8 filed by Avon Corporation, 54 filed against it. 17 cases are pending and 45 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 38 | 37 | 12 |
| High courts | 24 | 17 | 5 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Reliance Capital Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Reliance Capital Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Reliance Capital Limited | Disposed |
| District court, Ahmednagar, Maharashtra | Court case (R.C.A.) | Filed against the company | Pending |
| Bombay High Court | Court case (OLR) | Filed against the company by The Official Liquidator High Court Bombay | Pending |
To see the full case history of Avon Corporation 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 Avon Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Avon Corporation Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Avon Corporation Limited has 21 board changes on record since 1999: 13 appointments and 8 cessations. The latest: Ramesh Multanchand Joshi ceased to be Director on 10 Apr 2014.
31 earlier events are in the company report.
Frequently asked questions
Avon Corporation 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.
Avon Corporation is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in general purposemachinery, within the equipment and machinery industry. It was incorporated on 04 March 1999 and is registered under CIN L29196MH1999PLC118640. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Avon Corporation has 5 current directors:
- Pankaj Pratapsinh Saraiya - Managing Director
- Rupal Pankaj Saraiya - Whole-Time Director
- Shantaben Pratapsingh Saraiya - Director
- Gaurev Senha - Director
- Satish Kishorechandra Mehta - Director
The latest financial statements of Avon Corporation on record with the MCA are for the year ended 31 March 2013. Its last annual general meeting was held on 30 September 2013. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Avon Corporation is L29196MH1999PLC118640. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avon Corporation is recorded as a listed company by MCA, but its shares were delisted from BSE on 05 Mar 2018 · compulsory delisting, and no longer trade on a stock exchange.
Avon Corporation has open charges of ₹44.6 Cr and satisfied charges of ₹93.15 Cr as per latest MCA filings.
Avon Corporation has 62 court cases on record: 8 filed by the company and 54 filed against it. 17 are pending. Most are in the district courts.
Avon Corporation was incorporated on 04 March 1999. It is registered with the Registrar of Companies, Mumbai.
Avon Corporation has 126 deals on record (125 market trades, 1 ipo); the latest was in June 2012.
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