Nascent Jewellery Private Limited
About Nascent Jewellery Private Limited
Data last updated:
Nascent Jewellery Private Limited is a private 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 06 December 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2010PTC210667. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Lakh. It was formerly known as Nascent Realtors Private Limited. It is led by directors including Pramod Krishnamoorary Goenka and Ariez Rustom Tata.
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 6 Vaibhav Janki Kutir Juhu Church Road Juhu, Mumbai, Maharashtra, India – 400049.
As per the financials filed for FY 2017, the company reported a revenue of ₹56,513. For the same year it recorded a net loss of ₹8.04 Lakh and EBITDA of -₹8.04 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 57% over three years.
Court records list 40 cases involving the company, including 40 filed against it; 24 cases are pending.
Company details
CIN history
Nascent Jewellery has one previous CIN (Corporate Identification Number): U70102MH2010PTC210667. The current CIN is U93090MH2010PTC210667, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93090MH2010PTC210667 | Current |
| U70102MH2010PTC210667 | Previous |
Contact details
Nascent Jewellery Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address6 Vaibhav Janki Kutir Juhu Church Road Juhu, Mumbai, Maharashtra, India – 400049
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Nascent 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 Nascent 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 |
Financials of Nascent Jewellery Private Limited
FY 2017 filings availableNascent Jewellery Private Limited reported revenue of ₹56,513 for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over three years. 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹56,513 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹8.04 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹8.04 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 | |||
| Net Profit Margin | |||
| 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 Nascent Jewellery Private Limited, buy the company report.
Board of directors of Nascent Jewellery Private Limited
Nascent Jewellery has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramod Krishnamoorary Goenka Also directs: Sahyadri Cow Farms Limited, Dania Oro Jewellery Private Limited, Dynamix Chains Manufacturing Private Limited and 4 more | Director | 10 Jan 2011 | 15 Years 10 Months | As last reported |
| Anant Laxman Prabhudesai Also directs: Dania Oro Jewellery Private Limited, Dynamix Chains Manufacturing Private Limited, Cogent Jewellery Private Limited and 3 more | Additional Director | 01 Jun 2011 | 15 Years 5 Months | As last reported |
| Ariez Rustom Tata Also directs: Dania Oro Jewellery Private Limited, Dynamix Chains Manufacturing Private Limited, Cogent Jewellery Private Limited and 1 more | Director | 10 Jan 2011 | 15 Years 10 Months | As last reported |
Auditor
Nascent Jewellery Private Limited is audited by J R KANASE & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J R KANASE & ASSOCIATES | FY 2017 | 130258W |
Shareholding
The shareholding of Nascent Jewellery Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nascent Jewellery Private Limited, buy the company report.
Legal cases
Nascent Jewellery Private Limited has 40 court cases on record: 40 filed against it. 24 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 33 | 33 | 22 |
| High courts | 6 | 6 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (RA) | Filed against the company by Fine Jewellery (India) Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed against the company by Fine Jewellery India Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Fine Jewellery India Limited | Pending |
| Bombay High Court | Company petition | Filed against the company by Fine Jewellery (India) Ltd. | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Fine Jewellery (India) Limited | Disposed |
To see the full case history of Nascent 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 Nascent Jewellery Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nascent Jewellery 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 Nascent Jewellery Private Limited, buy the company report.
Recent activity
Nascent Jewellery Private Limited has 8 board changes on record since 2011: 3 appointments and 5 cessations. The latest: Ariez Rustom Tata ceased to be Director on 22 Feb 2022.
Frequently asked questions
Nascent Jewellery 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.
Nascent Jewellery is a company under liquidation, formerly operating as a private 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 06 December 2010 and is registered under CIN U93090MH2010PTC210667. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nascent Jewellery has 3 current directors:
- Pramod Krishnamoorary Goenka - Director
- Anant Laxman Prabhudesai - Additional Director
- Ariez Rustom Tata - Director
The latest financial statements of Nascent Jewellery 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 Nascent Jewellery is U93090MH2010PTC210667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nascent Jewellery has 40 court cases on record: 40 filed against it. 24 are pending. Most are in the district courts.
Nascent Jewellery was incorporated on 06 December 2010. It is registered with the Registrar of Companies, Mumbai.
Ariez Rustom Tata ceased to be Director on 22 Feb 2022. Nayan Pansare ceased to be Additional Director on 29 Nov 2012. Anant Laxman Prabhudesai was appointed as Additional Director on 01 Jun 2011. Nascent Jewellery has 8 board changes on record in total.
The registered office of Nascent Jewellery is at 6 Vaibhav Janki Kutir Juhu Church Road Juhu, Mumbai, Maharashtra, India – 400049.
No. Nascent Jewellery has 1 GST registration on record and it is cancelled or inactive.
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