Aadit Metal Trade Private Limited
About Aadit Metal Trade Private Limited
Data last updated:
Aadit Metal Trade 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 metals retail and distribution segment of the metals and mining sector. It was incorporated on 23 April 2004.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51420MH2004PTC145880. Its GSTIN is 27AAECA7245C1ZX (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹48.5 Lakh. It is led by directors including Manoj Ishwarchand Beriwal and Murarilal Roopchand Todi.
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 Bldg No 118/120 Gr Floor Ardishor Dady Street V P Rd, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2018, the company reported a revenue of ₹110.67 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹61.46 Lakh (net margin -0.6%) and EBITDA of -₹7.43 Lakh (EBITDA margin -0.1%).
As per MCA filings, the company has open charges of ₹14.39 Cr and satisfied charges of ₹7.5 Cr on record. Court records list 13 cases involving the company, including 1 filed by the company and 12 filed against it; 1 case is pending.
Company details
Contact details
Aadit Metal Trade Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressBldg No 118/120 Gr Floor Ardishor Dady Street V P Rd, Mumbai, Maharashtra, India – 400004
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Aadit Metal Trade 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 Aadit Metal Trade is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Aadit Metal Trade Private Limited, buy the company report.
Financials of Aadit Metal Trade Private Limited
FY 2018 filings availableAadit Metal Trade Private Limited reported revenue of ₹110.67 Cr (down 5% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year. EBITDA fell 221% in the latest 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 | ₹110.67 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹7.43 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹61.46 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 | -0.1% | |||
| 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 Aadit Metal Trade Private Limited, buy the company report.
Board of directors of Aadit Metal Trade Private Limited
Aadit Metal Trade has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jatin Harkisandas Mehta | Additional Director | 29 May 2015 | 11 Years 5 Months | As last reported |
| Manoj Ishwarchand Beriwal | Director | 23 Apr 2004 | 22 Years 6 Months | As last reported |
| Murarilal Roopchand Todi | Director | 29 Mar 2019 | 7 Years 7 Months | As last reported |
| Himanshu Murarilal Todi | Director | 29 Mar 2019 | 7 Years 7 Months | As last reported |
Auditor
Aadit Metal Trade Private Limited is audited by BHATTER & PALIWAL for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHATTER & PALIWAL | FY 2018 | 131411W |
Shareholding
The shareholding of Aadit Metal Trade Private Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Aadit Metal Trade Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Nov 2014 | 10547711 | Others | ₹1.05 Cr | Open | |
| 05 Apr 2014 | 10536146 | Others | ₹10 Cr | Open | |
| 26 Jul 2012 | 10371702 | Citibank N. A. | ₹47.9 Lakh | Open | |
| 26 Jul 2012 | 10371756 | Citibank N. A. | ₹47.9 Lakh | Open | |
| 25 Jul 2012 | 10371699 | Citibank N. A. | ₹85 Lakh | Open |
To see the full charge records of Aadit Metal Trade Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Aadit Metal Trade Private Limited has 13 court cases on record: 1 filed by Aadit Metal Trade, 12 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 8 | 0 |
| High courts | 2 | 2 | 1 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Piramal Capital and Housing Finance Limited | Disposed |
| District court, Central, Delhi | Criminal case | Filed against the company by M/S Rama Steel Tubes Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by DCB Bank Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Dewan Housing Finance Corporation Ltd Mr.Suraj Shetty | Disposed |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax C 3 | Pending |
To see the full case history of Aadit Metal Trade 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 Aadit Metal Trade Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aadit Metal Trade has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECA7245C1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aadit Metal Trade Private Limited, buy the company report.
Recent activity
Aadit Metal Trade Private Limited has 9 board changes on record since 2004: 4 appointments and 5 cessations. The latest: Himanshu Murarilal Todi was appointed as Director on 29 Mar 2019.
13 earlier events are in the company report.
Frequently asked questions
Aadit Metal Trade 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.
Aadit Metal Trade is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 23 April 2004 and is registered under CIN U51420MH2004PTC145880. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Aadit Metal Trade has 4 current directors:
- Jatin Harkisandas Mehta - Additional Director
- Manoj Ishwarchand Beriwal - Director
- Murarilal Roopchand Todi - Director
- Himanshu Murarilal Todi - Director
The latest financial statements of Aadit Metal Trade 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 Aadit Metal Trade is U51420MH2004PTC145880. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aadit Metal Trade has open charges of ₹14.39 Cr and satisfied charges of ₹7.5 Cr as per latest MCA filings.
Aadit Metal Trade has 13 court cases on record: 1 filed by the company and 12 filed against it. 1 is pending. Most are in the district courts.
Aadit Metal Trade was incorporated on 23 April 2004. It is registered with the Registrar of Companies, Mumbai.
Himanshu Murarilal Todi was appointed as Director on 29 Mar 2019. Murarilal Roopchand Todi was appointed as Director on 29 Mar 2019. Randhir Foudar Yadav ceased to be Director on 27 Jan 2017. Aadit Metal Trade has 9 board changes on record in total.
The registered office of Aadit Metal Trade is at Bldg No 118120 Gr Floor Ardishor Dady Street V P Rd, Mumbai, Maharashtra, India – 400004.
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