Asian Bikes Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 2.35 M
- Company Age 25 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 5.40 Cr
- Satisfied Charges ₹ 4.30 Cr
- Revenue Growth 3.00%
- Profit Growth -93.48%
- Ebitda -20.60%
- Net Worth -2.25%
- Total Assets -6.13%
About Asian Bikes
Asian Bikes Private Limited (ABPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 01 November 1999 and has a history of 25 years and three months. Its registered office is in Ludhiana, Punjab, India.
The Corporate was formerly known as Mitson Bikes Private Limited. The Company is engaged in the Automotive Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 2.35 M.
The company currently has active open charges totaling ₹5.40 Cr. The company has closed loans amounting to ₹4.30 Cr, as per Ministry of Corporate Affairs (MCA) records.
Radha Mittal, Neeru Mittal, Darshna Mittal, and Five other members serve as directors at the Company.
Company Details
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Location
Ludhiana, Punjab, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U29214PB1999PTC023048
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Company No.
023048
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
01 Nov 1999
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Chandigarh
Industry
What products or services does Asian Bikes Private Limited offer?
Asian Bikes Private Limited offers a wide range of products and services, including Kids, Racing Bicycles and Rickshaws, Kids Bikes, Tyre, Tube & Flaps, Wheel Rim, Bicycle Spare Parts, Bicycle Accessories, Scaffolding Pipes and Fittings, Scaffolding Fittings, Bicycle, Sports Bicycles.
Who are the key members and board of directors at Asian Bikes?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vipan Mittal
|
Managing Director | 04-Jul-2002 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Radha Mittal
|
Director | 26-Mar-2015 | Current |
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Neeru Mittal
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Director | 26-Mar-2015 | Current |
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Darshna Mittal
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Director | 26-Mar-2015 | Current |
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Daisy Mittal
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Director | 26-Mar-2015 | Current |
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Prem Mittal
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Director | 04-Jul-2002 | Current |
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Sandeep Mittal
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Director | 04-Jul-2002 | Current |
Financial Performance of Asian Bikes.
Asian Bikes Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 3% increase. The company also saw a substantial fall in profitability, with a 93.48% decrease in profit. The company's net worth dipped by a decrease of 2.25%.
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What is the Ownership and Shareholding Structure of Asian Bikes?
In 2023, Asian Bikes had a promoter holding of 99.53% and a public holding of 0.47%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Asian Greentech Private LimitedNeeru Mittal and Vipan Mittal are mutual person
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Asian Cast And Forgings Private Limited
Daisy Mittal, Prem Mittal and 3 more are mutual person
Charges (Loans)
₹5.40 Cr
₹4.30 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 5.00 Cr
- Canara Bank : 0.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Feb 2023 | Hdfc Bank Limited | ₹5.00 Cr | Open |
| 11 Jan 2022 | Canara Bank | ₹1,800.00 | Open |
| 03 Dec 2020 | Canara Bank | ₹4.00 M | Open |
| 03 Jul 2003 | Canara Bank | ₹3.00 M | Satisfied |
| 02 Jul 2003 | Canara Bank | ₹4.00 Cr | Satisfied |
How Many Employees Work at Asian Bikes?
Asian Bikes has a workforce of 17 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Asian Bikes, 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 Asian Bikes's trajectory.
Rating
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
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.