About Shobha Asars Private Limited
Data last updated:
Shobha Asars Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 22 May 2008.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36996MH2008PTC182521. Its GSTIN is 27AALCS9865R1ZZ (Maharashtra). The company holds 9 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹9.69 Cr and a paid-up capital of ₹9.6 Cr. It was formerly known as Shobha Asar Jewellery Private Limited. It is led by directors including Sidaarth H Asar and Shobha Haresh Asar.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹76.99 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹42.7 Lakh (net margin 0.6%) and EBITDA of ₹8.2 Cr (EBITDA margin 10.6%).
The company has about 69 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Shobha Asars and Satebet. As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹44 Cr on record. Court records list 66 cases involving the company, including 5 filed by the company and 61 filed against it; 31 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹6 Cr; the latest was in March 2018. Its 6 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, 4 larger and 2 smaller; the largest is Pahini Jewellery Private Limited with revenue of ₹77.73 Cr.
The last known website on record is shobhaasar.com.
Company details
Contact details
Shobha Asars Private Limited's registered office is in Mumbai, Maharashtra. Its website is shobhaasar.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressFlat No. 401/402 4th Floor Prasad Chambers Tata Road No.2 Charni Road (East) Opera Hous, E Girgaon, Mumbai, Maharashtra, India – 400004
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Shobha Asars 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
Brands
Shobha Asars operates two associated brands: Shobha Asars and Satebet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality furniture products. | shobhaasars.com | |
| Online gaming platform providing bonuses and promotions for users in Pakistan. | shobhaasar.com |
Business activity
The main business activity of Shobha Asars 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 Shobha Asars Private Limited, buy the company report.
Financials of Shobha Asars Private Limited
FY 2018 filings availableShobha Asars Private Limited reported revenue of ₹76.99 Cr (up 4% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 4% in the latest year. EBITDA fell 16% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹76.99 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹8.2 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹42.7 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 10.6% | |||
| Net Profit Margin | 0.6% | |||
| 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 Shobha Asars Private Limited, buy the company report.
Board of directors of Shobha Asars Private Limited
Shobha Asars has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shobha Haresh Asar | Additional Director | 30 Sep 2019 | 7 Years 1 Months | As last reported |
| Haresh Dwarkadas Asar Also directs: Zyrex Enterprise Private Limited | Additional Director | 24 Sep 2019 | 7 Years 1 Months | As last reported |
| Sidaarth H Asar Also directs: Zyrex Enterprise Private Limited | Director | 06 Apr 2018 | 8 Years 6 Months | As last reported |
Peer comparison
Shobha Asars Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Pahini Jewellery Private Limited | ₹77.73 Cr (FY 2025) | -5.0% | Ahmedabad, Gujarat, India | |||
| Palsani Jewellers Private Limited | ₹77.55 Cr (FY 2025) | 65.0% | Kolkata, West Bengal, India | |||
| Aum Alankar Gem Palace Private Limited | ₹77.43 Cr (FY 2025) | 50.0% | Chennai, Tamil Nadu, India | |||
| Parth Fine Jewels Private Limited | ₹77.25 Cr (FY 2024) | 32.0% | Mumbai, Maharashtra, India | |||
| Shobha Asars Private Limitedthis company | ₹76.99 Cr (FY 2018) | ₹42.7 Lakh | 0.6% | 4.0% | 69 | Mumbai, Maharashtra, India |
| H. M. Diwan Jewellers Private Limited | ₹76.97 Cr (FY 2025) | 29.0% | Kolkata, West Bengal, India | |||
| Finesse Jewels Private Limited | ₹76.41 Cr (FY 2025) | -61.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Shobha Asars Private Limited, buy the company report.
Auditor
Shobha Asars Private Limited is audited by S S JHUNJHUNWALA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S JHUNJHUNWALA & CO | FY 2018 | 111926W |
Shareholding
The shareholding of Shobha Asars Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Shobha Asars Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Feb 2018 | 100160827 | Others | ₹30 Cr | Open | |
| 29 Sep 2016 | 100054326 | Others | ₹2 Cr | Satisfied | |
| 29 Sep 2016 | 100054324 | Others | ₹22 Cr | Satisfied | |
| 27 Apr 2011 | 10284943 | Reliance Home Finance Private Limited | ₹75 Lakh | Satisfied | |
| 05 Jan 2009 | 10139242 | Kotak Mahindra Bank Limited | ₹1.25 Cr | Satisfied |
To see the full charge records of Shobha Asars Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Shobha Asars Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹6 Cr; the latest was in March 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Sep 2008 | Funding round | ₹6 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shobha Asars Private Limited has 66 court cases on record: 5 filed by Shobha Asars, 61 filed against it. 31 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 55 | 52 | 31 |
| High courts | 7 | 7 | 0 |
| NCLAT | 3 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 66)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI BAIL APPLN) | Filed by the company against Vistar Diam LLP and Another One | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed by the company against Vistar Diam LLP and Another One | Pending |
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by Shriram Finance Ltd | Pending |
| District court, Jhajjar, Haryana | Commercial suit | Filed against the company by Rattan India Finance Pvt. Ltd. | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Rattanindia Finance Pvt Ltd | Pending |
To see the full case history of Shobha Asars 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 Shobha Asars Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shobha Asars Private Limited has a workforce of 69 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Shobha Asars has 9 GST registrations: 5 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCS9865R1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 24AALCS9865R1Z5 | Gujarat | Active | 01 Jul 2017 |
| 29AALCS9865R2ZU | Karnataka | Active | 01 Jul 2017 |
| 33AALCS9865R1Z6 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shobha Asars Private Limited, buy the company report.
Recent activity
Shobha Asars Private Limited has 9 board changes on record since 2018: 3 appointments and 6 cessations. The latest: Sushil Kumar Gupta ceased to be Additional Director on 30 Nov 2019.
15 earlier events are in the company report.
Frequently asked questions
Shobha Asars is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Shobha Asars is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 22 May 2008 and is registered under CIN U36996MH2008PTC182521. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shobha Asars has 3 current directors:
- Shobha Haresh Asar - Additional Director
- Haresh Dwarkadas Asar - Additional Director
- Sidaarth H Asar - Director
The latest financial statements of Shobha Asars on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shobha Asars is U36996MH2008PTC182521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shobha Asars has open charges of ₹30 Cr and satisfied charges of ₹44 Cr as per latest MCA filings.
Shobha Asars has 66 court cases on record: 5 filed by the company and 61 filed against it. 31 are pending. Most are in the district courts.
Shobha Asars was incorporated on 22 May 2008. It is registered with the Registrar of Companies, Mumbai.
Shobha Asars has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹6 Cr; the latest was in March 2018.
The peers of Shobha Asars by revenue are Pahini Jewellery Private Limited, Palsani Jewellers Private Limited, Aum Alankar Gem Palace Private Limited, Parth Fine Jewels Private Limited, H. M. Diwan Jewellers Private Limited and 1 more, all 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).
Sushil Kumar Gupta ceased to be Additional Director on 30 Nov 2019. Vyankatrao Fattesing Bavane ceased to be Additional Director on 30 Nov 2019. Shobha Haresh Asar was appointed as Additional Director on 30 Sep 2019. Shobha Asars has 9 board changes on record in total.
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