Diam Circle Manufacturing Private Limited
About Diam Circle Manufacturing Private Limited
Data last updated:
Diam Circle Manufacturing Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 10 January 1996.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51398MH1996PTC096116. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹15 Cr and a paid-up capital of ₹2.93 Cr. It was led by directors Nikunj Bharatkumar Gheewala and Paresh Hiralal Shah.
Its last annual general meeting (AGM) was held on 27 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Fc 5041 – 42 – 43 Bharat Diamond Bourse BKC Bandra – East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2019, the company reported a revenue of ₹91.91 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net profit of ₹54.65 Lakh (net margin 59.5%) and EBITDA of ₹64.18 Lakh (EBITDA margin 69.8%). Revenue has grown at a compounded annual rate (CAGR) of 151% over three years.
As per MCA filings, the company had open charges of ₹50 Cr and satisfied charges of ₹30 Cr on record.
Company details
Contact details
Diam Circle Manufacturing Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFc 5041 – 42 – 43 Bharat Diamond Bourse BKC Bandra – East, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Diam Circle Manufacturing 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 Diam Circle Manufacturing 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 |
Financials of Diam Circle Manufacturing Private Limited
FY 2019 filings availableDiam Circle Manufacturing Private Limited reported revenue of ₹91.91 Lakh (down 93% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 93% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 151%. EBITDA fell 82% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹91.91 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹64.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹54.65 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 69.8% | ||||
| Net Profit Margin | 59.5% | ||||
| 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 Diam Circle Manufacturing Private Limited, buy the company report.
Board of directors of Diam Circle Manufacturing Private Limited
Diam Circle Manufacturing has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikunj Bharatkumar Gheewala | Director | 25 Jul 2018 | 8 Years 3 Months | As last reported |
| Paresh Hiralal Shah | Director | 10 Aug 2016 | 10 Years 2 Months | As last reported |
Peer comparison
Diam Circle Manufacturing Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems 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 |
|---|---|---|---|---|---|---|
| Aurik Diamond Private Limited | ₹93.33 Lakh (FY 2025) | -6.0% | Karol Bagh New, Delhi, India | |||
| Omkari Fashions Private Limited | ₹92.89 Lakh (FY 2023) | 37.0% | Hyderabad, Telangana, India | |||
| Bhavarlal Trilokchandji and Sons Private Limited | ₹92.45 Lakh (FY 2025) | -27.0% | Mumbai, Maharashtra, India | |||
| Diam Circle Manufacturing Private Limitedthis company | ₹91.91 Lakh (FY 2019) | ₹54.65 Lakh | 59.5% | -93.0% | Mumbai, Maharashtra, India | |
| Divine Ornaments Private Limited | ₹91.66 Lakh (FY 2025) | -33.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Diam Circle Manufacturing Private Limited, buy the company report.
Auditor
Diam Circle Manufacturing Private Limited is audited by V. A. Parikh &Associates LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. A. Parikh &Associates LLP | FY 2019 | 112787W/W100073 |
Shareholding
The shareholding of Diam Circle Manufacturing Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Diam Circle Manufacturing Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 May 2005 | 90385966 | Abn Amro Bank N.V. | ₹25 Cr | Open | |
| 19 Mar 2005 | 90387688 | Abn Amro Bank N.V. | ₹25 Cr | Open | |
| 07 Sep 2007 | 10069158 | Abn Amro Bank N. V. (Acting as Lead Bank) | ₹30 Cr | Satisfied |
To see the full charge records of Diam Circle Manufacturing Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Diam Circle Manufacturing Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Diam Circle Manufacturing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Diam Circle Manufacturing has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Diam Circle Manufacturing Private Limited, buy the company report.
Recent activity
Diam Circle Manufacturing Private Limited has 11 board changes on record since 2008: 2 appointments and 9 cessations. The latest: Devang Mahendra Shah ceased to be Director on 30 Aug 2018.
8 earlier events are in the company report.
Frequently asked questions
Diam Circle Manufacturing has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Diam Circle Manufacturing was a private limited company based in Mumbai, Maharashtra, India. The company worked in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 10 January 1996 and is registered under CIN U51398MH1996PTC096116. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Diam Circle Manufacturing was incorporated on 10 January 1996. It is registered with the Registrar of Companies, Mumbai.
Diam Circle Manufacturing had 2 directors:
- Nikunj Bharatkumar Gheewala - Director
- Paresh Hiralal Shah - Director
The CIN (Corporate Identification Number) of Diam Circle Manufacturing is U51398MH1996PTC096116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Diam Circle Manufacturing is at Fc 5041 – 42 – 43 Bharat Diamond Bourse BKC Bandra – East, Mumbai, Maharashtra, India – 400051.
The latest financial statements of Diam Circle Manufacturing on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 27 September 2019. Year-wise statements from 2015 are in the company report.
No. Diam Circle Manufacturing has 1 GST registration on record and it is cancelled or inactive.
Diam Circle Manufacturing operated in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
The peers of Diam Circle Manufacturing by revenue are Aurik Diamond Private Limited, Omkari Fashions Private Limited, Bhavarlal Trilokchandji and Sons Private Limited, Divine Ornaments Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Devang Mahendra Shah ceased to be Director on 30 Aug 2018. Nikunj Bharatkumar Gheewala ceased to be Additional Director on 25 Aug 2018. Nikunj Bharatkumar Gheewala was appointed as Director on 25 Jul 2018. Diam Circle Manufacturing has 11 board changes on record in total.
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