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Asian Star Ltd.

BSE: 531847 | NSE: | Series: NA | ISIN: INE194D01017 | SECTOR: Diamond Cutting & Jewellery & Precious Metals

BSE Live

Oct 08, 16:00
650.00 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
25
10-Day
36
30-Day
36
2
  • Prev. Close

    650.00

  • Open Price

    650.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    650.00 (1)

NSE Live

Dec 27, 11:22
NT* 0.00 (0.00%)
Volume
No Data Available
0
  • Prev. Close

    -

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Asian Star is not listed on NSE
Company History - Asian Star
1971
 
 - Asian Star Company was registered as a partnership firm in by the
 Shah family and Kothari family.  The Promoters of the Company are
 the
 partners of the erstwhile firm, Asian Star Company and hail from
 North
 Gujarat.
 
 - The company has processing facilities at Thala, Mandvi and
 Goregaon
 which have been taken on a leave and license basis from associate
 firms/group companies.
 
 - The Company's main activities are importing rough diamonds,
 cutting
 and polishing them and exporting of cut and polished diamonds.  The
 Company is carrying out its processing activities from its
 facilities
 at Goregaon, Mumbai; Mandvi and Gopipura in Surat & Thala (Chikhli)
 in
 Gujarat.  It also gets work done on a job work basis from
 contractors
 in Mumbai and Surat.
 
 1990 
 
 - In view of the growing business, both families mutually agreed to
 amicably separate the business and continue their business in
 diamonds.
 The Kothari family continued business under the name of P.  D.
 Kothari
 & Co. and Asian Star Company has since established itself as a
 diamond
 processor engaged in the import of rough diamonds and the export of
 cut
 and polished diamonds.
 
 1991
 
 - The Company has obtained NOC/Clearance Orders from the Pollution
 Control Board of Gujarat for the Surat facility vide registration
 No.
 3500, dated 4th October, from the Mandvi Gram Panchayat for the
 facility at Mandvi.
 
 - The Company is Two Times Award winder for highest exports from Gem
 and Jewellery Export Promotion Council under the Non-DTC category
 for
 the year 1991-92 and 1992-93.
 
 - The Company is a recipient of National Export Award and
 Certificates
 of Merit from Ministry of Commerce for highest growth in exports in
 the
 year 1991-92 and 1993-94 respectively.
 
 1993 
 
 - However in January, on the basis of the Company's performance, DTC
 reconfirmed the Company as a Sightholder.
 
 1994 
 
 - In four year it has secured 31st position of among the top 100
 exporters (10th position in the diamond industry) in India for the
 year
 according to the report by Federation of Indian Export Organisation,
 New Delhi, dated September 18, 1995.
 
 1995 
 
 - The Company is formed by registration of the Partnership firm
 previously known as Asian Star Company into a Limited Company under
 Part IX of the Act on March 2, and was granted Certificate of
 Commencement on 7th March.
 
 - The Company has entered into contract with M/s. Rahil Agencies to
 process rough diamonds at its factories situated at Goregaon,
 Chikhli
 (Valsad) and Mandvi (Surat) as per agreements dated 1st February, for
 a
 period of five years.
 
 - The Company was registered as a public limited company under part
 IX
 of the Companies Act on 2nd March.
 
 1996 
 
 - The Company entered the Capital Market with a Maiden Public Issue
 of
 26,70,000 equity shares of Rs. 10/- each at a premium of Rs.  65/-
 per
 share, which was opened for Public subscription on 13th May.
 
 1997 
 
 - Indian Diamond Industry had witnessed a bad patch during last year
 as
 a result of uncertain market conditions created by breaking up of
 single channel supply, excessive supply in open market, high rate of
 interest on Post Shipment finance by Banks.
 
 - The Branch office of the Company at Hong Kong and New York was
 closed
 during the year.  With due approval of RBI and Government of India a
 wholly owned Subsidiary Company under the name of ASIAN STAR COMPANY
 LIMITED with a paid-up capital of US$ 500000/- (Rs. 17875000/-
 approx.)
 was incorporated at New York, U.S.A.
 
 1998
 
 - 1,06,71,200 No. of Equity Shares of Rs. 10/- each of the Company
 listed on Ahmedabad Stock Exchange be delisted on and from 1st April
 1999.
 
 - The Company needs additional funds to meet the working capital it
 is
 therefore proposed to increase the limits as stipulated in the
 resolution.
 
 - During the year under review Indian Diamond Industry has witnessed
 a
 modest rise of 6% over the previous year despite the recession in
 most
 consuming centers as well as financial crisis in the Far East
 Countries.
 
 - The company has been awarded ISO : 9002 certification by RWTUV,
 ESSEN, West Germany.
 
 2003
 
 -Asian Star  has recommended a dividend of Rs 4 per share including a
 special dividend of Rs 2 per share
 
 2004
 
 -Asian Star sets up a plant for manufacturing Jewellery
 
 2005
 
 -Asian Star has recommended dividend of Rs. 2 per share.
 
 2006
 
 -Asian Star Company has recommended Dividend of Rs 2 per share
 
 2007
 
 -Asian Star has recommended dividend Rs 2 per share on equity shares
 of Rs 10/- each.
 
 2008
 
 -Asian Star has acquired 100% shares of a Company named Inter Gems
 DMCC situated at Dubai, U A E.
 
 -The Company has launched its first jewellery retail outlet named
 Shagun Jewels at Hyderabad.
 
 -Mr. Milind Gandhi  has been appointed as Additional Director of the
 Company
 
 2009
 
 -Asian Star has proposed dividend on equity at Rs 2/- per share
 
 2010
 
 -Asian Star has recommended Dividend of Rs 2/- per share 
 
 2011
 
 -Asian Star Company  has incorporated a Wholly Owned Subsidiary (WOS)
 in HongKong in the name of Asian Star Trading (Hong Kong) Limited to
 expand the business of Diamonds and Jewellery in that region.
 
 -The Company has recommended Dividend of Rs. 2/- per share
 
 2012
 
 -Asian Star has recommended Dividend of Rs. 1.50 (i.e. 15%) per share
 of Rs. 10/- each 
 
 -Asian Star has recommended issue of Bonus Shares for the approval of
 shareholders in the ratio of 1:2 
 
 2013
 - Board recommended a Dividend of Rs. 1.50 (i.e. 15%) per share of
 Rs. 10/- each
 
 2014
 -  Board recommended a Dividend of Rs. 1.50 (i.e. 15%) per share of
 Rs. 10/- each