About Ideal Jewellery Private Limited
Data last updated:
Ideal Jewellery Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Global Jewellery Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 17 January 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U36911MH2000PTC123677. Its GSTIN is 27AAACI6006R1Z9 (Maharashtra). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹4.55 Cr and a paid-up capital of ₹58 Lakh. It was led by directors Sanjeev Rasiklal Shah (Whole-Time Director) and Saurabh Rajanikant Shah.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Unit No 6J – 05 Sdf Viiseepz MIDC Industrial Area Andheri (E), Mumbai, Maharashtra, India – 400096.
As per the financials filed for FY 2020, the company reported a revenue of ₹39.59 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹1.22 Cr (net margin 3.1%) and EBITDA of ₹2.13 Cr (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 9% over five years.
The company had about 22 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2019. Its 3 peer companies in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 2 larger and 1 smaller; the largest is Rezarta Silver Private Limited with revenue of ₹39.91 Cr.
The last known website on record is estrellajewels.com.
Company details
Contact details
Ideal Jewellery Private Limited's registered office is in Mumbai, Maharashtra. Its website is estrellajewels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No 6J – 05 Sdf Viiseepz MIDC Industrial Area Andheri (E), Mumbai, Maharashtra, India – 400096
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Ideal Jewellery 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 Ideal Jewellery is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Ideal Jewellery Private Limited, buy the company report.
Financials of Ideal Jewellery Private Limited
FY 2020 filings availableIdeal Jewellery Private Limited reported revenue of ₹39.59 Cr (up 16% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 16% growth in the latest year. EBITDA rose 13% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹39.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.22 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.4% | ||||
| Net Profit Margin | 3.1% | ||||
| 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 Ideal Jewellery Private Limited, buy the company report.
Board of directors of Ideal Jewellery Private Limited
Ideal Jewellery has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saurabh Rajanikant Shah | Director | 10 May 2018 | 8 Years 5 Months | As last reported |
| Sanjeev Rasiklal Shah Also directs: Estrella Jewels LLP, Original Diamond Deal India Private Limited, Global Jewellery Private Limited and 2 more | Whole-Time Director | 31 May 2000 | 26 Years 5 Months | As last reported |
Peer comparison
Ideal Jewellery Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Watches and Jewellery Manufacturers), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rezarta Silver Private Limited | ₹39.91 Cr (FY 2024) | Mumbai, Maharashtra, India | ||||
| Samriddhi Jewels Private Limited | ₹39.78 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Ideal Jewellery Private Limitedthis company | ₹39.59 Cr (FY 2020) | ₹1.22 Cr | 3.1% | 16.0% | 22 | Mumbai, Maharashtra, India |
| Interjewel Private Limited | ₹39.23 Cr (FY 2023) | 1087.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ideal Jewellery Private Limited, buy the company report.
Auditor
Ideal Jewellery Private Limited is audited by P. Y. S. & CO. LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. Y. S. & CO. LLP | FY 2020 | 012388S/S200048 |
Shareholding
The shareholding of Ideal Jewellery Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ideal Jewellery Private Limited, buy the company report.
Deals & funding
Ideal Jewellery Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2019.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Rights issue | ₹11.49 Cr | Investors: Global Jewellery Private Limited |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: Global Jewellery Private Limited Seller: Global Jewellery Private Limited & Satyanarayan Radhakrishna Thanvi |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ideal Jewellery Private Limited has 1 court case on record: 1 filed by Ideal Jewellery. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (Mun.Appeal) | Filed by the company against Mun. Commissioner of GR. Mumbai Anr. and 1 other | Disposed |
To see the full case history of Ideal Jewellery 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ideal Jewellery Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ideal Jewellery Private Limited has a workforce of 22 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Ideal Jewellery has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI6006R1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACI6006R2Z8 | Maharashtra | Active | 09 Mar 2019 |
To see the full GST registrations and return filing status of Ideal Jewellery Private Limited, buy the company report.
Recent activity
Ideal Jewellery Private Limited has 5 board changes on record since 2000: 2 appointments and 3 cessations. The latest: Saurabh Rajanikant Shah ceased to be Additional Director on 29 Sep 2018.
Frequently asked questions
Ideal Jewellery has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ideal Jewellery was a private limited company based in Mumbai, Maharashtra, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 17 January 2000 and is registered under CIN U36911MH2000PTC123677. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ideal Jewellery was incorporated on 17 January 2000. It is registered with the Registrar of Companies, Mumbai.
Ideal Jewellery had 2 directors:
- Sanjeev Rasiklal Shah - Whole-Time Director
- Saurabh Rajanikant Shah - Director
The CIN (Corporate Identification Number) of Ideal Jewellery is U36911MH2000PTC123677. 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 Ideal Jewellery is at Unit No 6J – 05 Sdf Viiseepz MIDC Industrial Area Andheri E, Mumbai, Maharashtra, India – 400096.
Ideal Jewellery can be reached through the website estrellajewels.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Ideal Jewellery on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Ideal Jewellery is 27AAACI6006R1Z9, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACI6006R2Z8 (Maharashtra).
Ideal Jewellery operated in the consumer goods industry, in the watches and jewelry manufacturing segment.
Ideal Jewellery has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2019.
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