About Classic Diamonds (India) Limited
Data last updated:
Classic Diamonds (India) 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 watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 10 November 1986.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L36900MH1986PLC041541. The company has 4 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 02 Jul 2018 · winding up and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹7.84 Cr. It is led by directors including Kumar Chandrakant Bhansali (Managing Director) and Nirav Kumar Bhansali (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2014, and its latest financial statements are for the year ended 31 March 2014. The registered office is at Mumbai, Maharashtra.
The company is associated with 1 brand: Classic Diamonds India. As per MCA filings, the company has open charges of ₹1,033.1 Cr and satisfied charges of ₹86.5 Cr on record. Court records list 26 cases involving the company, including 13 filed by the company and 13 filed against it. The company has 27 deals on record (27 market trades); the latest was in April 2010.
The last known website on record is classicdiamondsindia.com.
Company details
CIN history
Classic Diamonds (India) has one previous CIN (Corporate Identification Number): U36900MH1986PLC041541. The current CIN is L36900MH1986PLC041541, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L36900MH1986PLC041541 | Current |
| U36900MH1986PLC041541 | Previous |
Contact details
Classic Diamonds (India) Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressOff Premises No. 701 Seventh Floor Majestic Shopping Centre Premises Co – Op. Soc. Ltd, J.S.S. Rd, Mumbai, Maharashtra, India – 400004
- IndustryConsumer Goods, Watches & Jewelry 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
Brands
Classic Diamonds (India) operates one associated brand: Classic Diamonds India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diamonds are traded and processed in Mumbai since 1986. | classicdiamondsindia.com |
Financials of Classic Diamonds (India) Limited
FY 2014 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Classic Diamonds (India) Limited, buy the company report.
Board of directors of Classic Diamonds (India) Limited
Classic Diamonds (India) has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nishi Kant Jha | Director | 12 Nov 2010 | 15 Years 11 Months | As last reported |
| Kumar Chandrakant Bhansali | Managing Director | 01 Oct 1987 | 39 Years 1 Months | As last reported |
| Nirav Kumar Bhansali | Whole-Time Director | 29 Nov 1996 | 29 Years 11 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2011 | 10295581 | Edelweiss Asset Reconstruction Company Limited | ₹176.8 Cr | Open | |
| 23 Nov 2005 | 10005047 | Edelweiss Asset Reconstruction Company Limited | ₹54.3 Cr | Open | |
| 30 Apr 2003 | 80001345 | Others | ₹330 Cr | Open | |
| 30 Apr 2003 | 90226428 | Edelweiss Asset Reconstruction Company Limited | ₹250 Cr | Open | |
| 30 Apr 2003 | 90236229 | Edelweiss Asset Reconstruction Company Limited | ₹25 Cr | Open |
To see the full charge records of Classic Diamonds (India) Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Classic Diamonds (India) Limited has 27 deals on record (27 market trades); the latest was in April 2010.
Deals on record (5 of 27)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2010 | Market trade | ₹58.4 Lakh | Buyer: Innovision Securities Private Limited |
| Sep 2009 | Market trade | ₹1.53 Cr | Buyer: Transglobal Securities Ltd., an individual Seller: Transglobal Securities Ltd., an individual |
| Aug 2009 | Market trade | ₹66.1 Lakh | Buyer: Arcadia Share and Stock Brokers Private Limited Seller: Arcadia Share and Stock Brokers Private Limited |
| Dec 2006 | Market trade | ₹2.28 Cr | Buyer: Savitri Minerals Private Limited |
| Sep 2005 | Market trade | ₹76.3 Lakh | Buyer: H J Securities Private Limited Seller: H J Securities Private Limited |
To see the full deal history of Classic Diamonds (India) 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
Classic Diamonds (India) Limited has 26 court cases on record: 13 filed by Classic Diamonds (India), 13 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 5 | 0 |
| District courts | 10 | 8 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1001-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters relating to winding up) | Filed by the company against Icici Bank Ltd. | Disposed |
| Bombay High Court | Court case (S) | Filed against the company by Indusind Bank Ltd. | Disposed |
| Bombay High Court | Company petition | Filed against the company by Icici Bank Limited | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Indusind Bank Ltd. and 3 others | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against M/S. Baan Info Systems India Pvt. Ltd. | Disposed |
To see the full case history of Classic Diamonds (India) 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 Classic Diamonds (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Classic Diamonds (India) has 4 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 Classic Diamonds (India) Limited, buy the company report.
Recent activity
Classic Diamonds (India) Limited has 19 board changes on record since 1986: 11 appointments and 8 cessations. The latest: Madhukar Ganesh Patankar ceased to be Director on 25 Jun 2014.
40 earlier events are in the company report.
Frequently asked questions
Classic Diamonds (India) 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.
Classic Diamonds (India) is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 10 November 1986 and is registered under CIN L36900MH1986PLC041541. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Classic Diamonds (India) has 3 current directors:
- Kumar Chandrakant Bhansali - Managing Director
- Nirav Kumar Bhansali - Whole-Time Director
- Nishi Kant Jha - Director
The latest financial statements of Classic Diamonds (India) on record with the MCA are for the year ended 31 March 2014. Its last annual general meeting was held on 25 September 2014. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Classic Diamonds (India) is L36900MH1986PLC041541. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Classic Diamonds (India) is recorded as a listed company by MCA, but its shares were delisted from NSE on 02 Jul 2018 · winding up and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
Classic Diamonds (India) has open charges of ₹1,033.1 Cr and satisfied charges of ₹86.5 Cr as per latest MCA filings.
Classic Diamonds (India) has 26 court cases on record: 13 filed by the company and 13 filed against it. Most are in the high courts.
Classic Diamonds (India) was incorporated on 10 November 1986. It is registered with the Registrar of Companies, Mumbai.
Classic Diamonds (India) has 27 deals on record (27 market trades); the latest was in April 2010.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
