Aakash Steels Private Limited
About Aakash Steels Private Limited
Data last updated:
Aakash Steels Private Limited is a private limited company based in Patna, Bihar, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 28 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Patna, under CIN U28112BR1999PTC009002. Its GSTIN is 10AACCA9097L1ZH (Bihar).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹98.4 Lakh. It is led by directors Gaurav Agarwal and Deepak Kumar Agrawal.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Sabalpur Patnacity Ps – Didargnj, Bihar, India – 800009.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.53 Cr, a growth of 121% compared to the previous year. For the same year it recorded a net loss of ₹98.85 Lakh (net margin -39.1%) and EBITDA of -₹73.37 Lakh (EBITDA margin -29%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years.
As per MCA filings, the company has open charges of ₹2.5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Aakash Steels has one previous CIN (Corporate Identification Number): U00338BR1999PTC009002. The current CIN is U28112BR1999PTC009002, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28112BR1999PTC009002 | Current |
| U00338BR1999PTC009002 | Previous |
Contact details
Aakash Steels Private Limited's registered office is in Patna, Bihar. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSabalpur Patnacity Ps – Didargnj, Bihar, India – 800009
- IndustryManufacturing, Cable & Wire
To see the full contact details of Aakash Steels 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 activities of Aakash Steels are trade and manufacturing. In detail, this covers retail trading and metal and metal products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Aakash Steels Private Limited, buy the company report.
Financials of Aakash Steels Private Limited
FY 2018 filings availableAakash Steels Private Limited reported revenue of ₹2.53 Cr (up 121% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 121% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 40%. EBITDA rose 44% 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 | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹73.37 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹98.85 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 | -29% | |||
| Net Profit Margin | -39.1% | |||
| 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 Aakash Steels Private Limited, buy the company report.
Board of directors of Aakash Steels Private Limited
Aakash Steels has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Agarwal Also directs: Sangeeta Foods & Beverages LLP, Aashish Re-Rollers Private Limited | Director | 28 Jul 2008 | 18 Years 3 Months | Current |
| Deepak Kumar Agrawal Also directs: Sangeeta Foods & Beverages LLP, Aashish Re-Rollers Private Limited | Director | 28 Sep 1999 | 27 Years 1 Months | Current |
Auditor
Aakash Steels Private Limited is audited by KAMALIA AGARWAL & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAMALIA AGARWAL & CO | FY 2017 | 017236C |
Shareholding
The shareholding of Aakash Steels Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Aakash Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jun 2009 | 10167765 | Axis Bank Limited | ₹2.5 Cr | Open |
To see the full charge records of Aakash Steels Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Aakash Steels Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aakash Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aakash Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 10AACCA9097L1ZH | Bihar | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aakash Steels Private Limited, buy the company report.
Recent activity
Aakash Steels Private Limited has 3 board changes on record since 1999: 2 appointments and 1 cessation. The latest: Sanjay Kumar Agarwal ceased to be Director on 05 Aug 2008.
Frequently asked questions
Aakash Steels is an active private limited company based in Patna, Bihar, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 28 September 1999 (27+ years old) and is registered under CIN U28112BR1999PTC009002.
Aakash Steels has 2 current directors:
- Gaurav Agarwal - Director
- Deepak Kumar Agrawal - Director
The latest financial statements of Aakash Steels on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Aakash Steels is 10AACCA9097L1ZH, registered in Bihar.
The CIN (Corporate Identification Number) of Aakash Steels is U28112BR1999PTC009002. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aakash Steels was incorporated on 28 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Patna.
Sanjay Kumar Agarwal ceased to be Director on 05 Aug 2008. Gaurav Agarwal was appointed as Director on 28 Jul 2008. Deepak Kumar Agrawal was appointed as Director on 28 Sep 1999.
The registered office of Aakash Steels is at Sabalpur Patnacity Ps – Didargnj, Bihar, India – 800009.
Aakash Steels operates in the manufacturing industry, in the cable and wire segment.
Aakash Steels has open charges of ₹2.5 Cr and no satisfied charges on record as per latest MCA filings.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
