Ashik Woollen Mills Limited

Manufactures and trades various types of yarn and fabrics made from natural and synthetic fibers.

1983 | Mumbai, Maharashtra (India) | Active
Last Updated: December 10, 2024

Ashik Woollen Mills Profile

Key Indicators

  • Authorised Capital ₹ 14.00 Cr
  • Paid Up Capital ₹ 13.72 Cr
  • Company Age 41 Year, 3 Months
  • Last Filing with ROC 31 Mar 2017
  • Open Charges ₹ 50.91 Cr
  • Satisfied Charges ₹ 10.00 Cr
  • Revenue Growth -56.47%
  • Profit Growth 6.14%
  • Ebitda -15.82%
  • Net Worth -0.94%
  • Total Assets -0.30%

About Ashik Woollen Mills

Ashik Woollen Mills Limited (AWML) is a Public Limited Indian Non-Government Company incorporated in India on 14 November 1983 and has a history of 41 years and three months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Ashik Textiles Private Limited. The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2017. It's a company limited by shares with an authorized capital of Rs 14.00 Cr and a paid-up capital of Rs 13.72 Cr.

The company currently has active open charges totaling ₹50.91 Cr. The company has closed loans amounting to ₹10.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ashik Shah, Naresh Shah, and Mahendra Mehta serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U19297MH1983PLC031335

  • Company No.

    031335

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    14 Nov 1983

  • Date of AGM

    30 Sep 2017

  • Date of Balance Sheet

    31 Mar 2017

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

Who are the key members and board of directors at Ashik Woollen Mills?

Board Members (3)

NameDesignationAppointment DateStatus
Ashik Shah Country flag representing In Director 16-Apr-1994Current
Naresh Shah Country flag representing In Director 04-Apr-1995Current
Mahendra Mehta Country flag representing In Director 22-Feb-2002Current

Financial Performance of Ashik Woollen Mills.

Ashik Woollen Mills Limited, for the financial year ended 2017, experienced significant reduction in revenue, with a 56.47% decrease. The company also saw a slight improvement in profitability, with a 6.14% increase in profit. The company's net worth dipped by a decrease of 0.94%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-56.47%
Revenue from Operations
Total Assets
-0.30%
Profit or Loss
6.14%
Net Worth
-0.94%
EBITDA
-15.82%

What is the Ownership and Shareholding Structure of Ashik Woollen Mills?

In 2016, Ashik Woollen Mills had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹50.91 Cr

Satisfied Charges

₹10.00 Cr

Charges Breakdown by Lending Institutions

  • Punjab National Bank : 21.52 Cr
  • The Vysya Bank Ltd : 13.15 Cr
  • Canara Bank : 8.00 Cr
  • Canara Bankm : 8.00 Cr
  • Dena Bank : 0.24 Cr

Latest Charge Details

DateLenderAmountStatus
10 Feb 2005Canara Bankm₹8.00 CrOpen
28 Mar 2002Canara Bank₹8.00 CrOpen
16 Jan 2002The Vysya Bank Ltd₹11.00 CrOpen
20 Dec 2001Punjab National Bank₹2.00 CrOpen
25 Jul 2001Punjab National Bank₹4.00 CrOpen

How Many Employees Work at Ashik Woollen Mills?

Unlock and access historical data on people associated with Ashik Woollen Mills, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ashik Woollen Mills, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Ashik Woollen Mills's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Ashik Woollen Mills

Recent activity within the organization

  • Charges

    A charge registered on 27 Mar 2002 via Charge ID 90213833 with International Asset Reconstruction Company Private Limited was fully satisfied on 14 Aug 2019.

    14 Aug 2019

  • Annual General Meeting

    Ashik Woollen Mills Limited last Annual general meeting of members was held on 30 Sep 2017 as per latest MCA records.

    30 Sep 2017

  • Balance Sheet

    Ashik Woollen Mills Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai.

    31 Mar 2017

  • Charges

    A charge with International Asset Reconstruction Company Private Limited of Rs. 5.00 Cr registered on 27 Mar 2002 with Charge ID 90213833 was modified on 29 Jun 2011.

    29 Jun 2011

  • Charges

    A charge registered on 10 Mar 2000 via Charge ID 80061450 with Industrial Development Bank Of India was fully satisfied on 01 Dec 2010.

    01 Dec 2010

  • Charges

    A charge with Canara Bankm amounted to Rs. 8.00 Cr with Charge ID 90244471 was registered on 10 Feb 2005.

    10 Feb 2005

Frequently asked questions

  • Ashik Woollen Mills Limited was incorporated on 14 Nov 1983.

  • The authorized share capital of Ashik Woollen Mills Limited is ₹ 14.00 Cr and paid-up capital is ₹ 13.72 Cr.

  • Currently 3 directors are associated with Ashik Woollen Mills Limited.

    • Ashik Rameshchandra Shah
    • Naresh Rasiklal Shah
    • Mahendra Sakarchand Mehta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Ashik Woollen Mills Limited is 205-B 2Nd Floor Balaji Krupa Chamber 40/42 Kazi Sayed Street, Masjid Bandar India, Mumbai, Maharashtra, 400003.

  • The corporate identification number (CIN) of Ashik Woollen Mills Limited is U19297MH1983PLC031335 and the company number is 031335 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2017, the revenue trend for Ashik Woollen Mills Limited has fallen by -56.47%.

  • The financial reports for the fiscal year 2017 indicates that The net worth of Ashik Woollen Mills Limited has experienced an downturn of -0.94%.

  • As per the financial statements for fiscal Year 2017, The total open charges for Ashik Woollen Mills Limited amount to ₹ 50.91 Cr.

  • The most recent Balance Sheet for Ashik Woollen Mills Limited was filed with the ROC on 31 Mar 2017.