Fine Diamond Limited
About Fine Diamond Limited
Data last updated:
Fine Diamond 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 jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 17 July 1998.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH1998PLC115838. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.67 Lakh. It is led by directors including Kiran Sakharam Kelatkar and Sureshkumar Munnalal Lodha.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 217 Panchratna Mama Permanand Marg Opera House, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2017, the company reported a revenue of ₹28.54 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹2.69 Lakh (net margin -0.1%) and EBITDA of ₹40.55 Lakh (EBITDA margin 1.4%).
Court records list 9 cases involving the company, including 1 filed by the company and 8 filed against it; 2 cases are pending.
Company details
CIN history
Fine Diamond has one previous CIN (Corporate Identification Number): U36912MH1998PTC115838. The current CIN is U36912MH1998PLC115838, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36912MH1998PLC115838 | Current |
| U36912MH1998PTC115838 | Previous |
Contact details
Fine Diamond Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address217 Panchratna Mama Permanand Marg Opera House, Mumbai, Maharashtra, India – 400004
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Fine Diamond 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 Fine Diamond 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 Fine Diamond Limited, buy the company report.
Financials of Fine Diamond Limited
FY 2017 filings availableFine Diamond Limited reported revenue of ₹28.54 Cr (up 11% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 11% in the latest year. EBITDA fell 9% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹28.54 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹40.55 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.69 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.4% | ||
| Net Profit Margin | -0.1% | ||
| 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 Fine Diamond Limited, buy the company report.
Board of directors of Fine Diamond Limited
Fine Diamond 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 |
|---|---|---|---|---|
| Sunil Vitthal Dingankar | Additional Director | 11 May 2015 | 11 Years 5 Months | As last reported |
| Kiran Sakharam Kelatkar | Director | 19 Nov 2014 | 11 Years 11 Months | As last reported |
| Sureshkumar Munnalal Lodha Also directs: Ninestar Exports Private Limited | Director | 17 Jul 1998 | 28 Years 3 Months | As last reported |
Auditor
Fine Diamond Limited is audited by P. PAREKH & COMPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. PAREKH & COMPANY | FY 2017 |
Shareholding
The shareholding of Fine Diamond Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Fine Diamond Limited, buy the company report.
Legal cases
Fine Diamond Limited has 9 court cases on record: 1 filed by Fine Diamond, 8 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 1 |
| High courts | 4 | 3 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Indiabulls Housing Finance Ltd | Pending |
| Bombay High Court | Court case (OLR) | Filed against the company by The Official Liquidator High Court Bombay | Pending |
| High Court, MAHARASHTRA | Court case (OLR) | Filed by the company against Hirachand P Gulecha HUF Sole Prop. of M/S Hira Traders (Petitioner) and 2 others | Disposed |
| Bombay High Court | Appeal | Filed against the company by Hirachand P Gulecha HUF Sole Prop. of M/S Hira Traders | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Ms. Hira Traders Th. Mr. Niraj Hirachand Gulecha | Disposed |
To see the full case history of Fine Diamond 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 Fine Diamond Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fine Diamond 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 Fine Diamond Limited, buy the company report.
Recent activity
Fine Diamond Limited has 11 board changes on record since 1998: 3 appointments and 8 cessations. The latest: Sunil Vitthal Dingankar was appointed as Additional Director on 11 May 2015.
2 earlier events are in the company report.
Frequently asked questions
Fine Diamond 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.
Fine Diamond is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 17 July 1998 and is registered under CIN U36912MH1998PLC115838. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Fine Diamond has 3 current directors:
- Sunil Vitthal Dingankar - Additional Director
- Kiran Sakharam Kelatkar - Director
- Sureshkumar Munnalal Lodha - Director
The latest financial statements of Fine Diamond on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Fine Diamond is U36912MH1998PLC115838. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fine Diamond has 9 court cases on record: 1 filed by the company and 8 filed against it. 2 are pending. Most are in the district courts.
Fine Diamond was incorporated on 17 July 1998. It is registered with the Registrar of Companies, Mumbai.
Sunil Vitthal Dingankar was appointed as Additional Director on 11 May 2015. Vishal Sureshkumar Lodha ceased to be Director on 11 May 2015. Kiran Sakharam Kelatkar was appointed as Director on 19 Nov 2014. Fine Diamond has 11 board changes on record in total.
The registered office of Fine Diamond is at 217 Panchratna Mama Permanand Marg Opera House, Mumbai, Maharashtra, India – 400004.
No. Fine Diamond has 2 GST registrations on record and all of them are cancelled or inactive.
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