About Abhinav Steels and Power Limited
Data last updated:
Abhinav Steels and Power Limited is a public limited company based in New Delhi, Delhi, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 05 October 1987.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1987PLC029384. Its GSTIN is 09AABCA3974H1ZK (Uttar Pradesh). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹18.83 Cr. It was formerly known as Abhinav Steels Ltd. It is led by directors including Jitender Kumar Yadav (Whole-Time Director) and Rajkumar Yadav.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 401 Mahavirji Complex Lsc Rishabh Vihar, New Delhi, Delhi, India – 110092.
As per the financials filed for FY 2020, the company reported a revenue of ₹4.57 Cr, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹14.58 Cr (net margin -318.9%) and EBITDA of -₹1.5 Cr (EBITDA margin -32.9%).
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,081.59 Cr and satisfied charges of ₹8.96 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it. The company has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹168.1 Cr; the latest was in July 2015.
The last known website on record is abhinav-steel.business.site.
Company details
CIN history
Abhinav Steels and Power has one previous CIN (Corporate Identification Number): U74899DL1987PTC029384. The current CIN is U74899DL1987PLC029384, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1987PLC029384 | Current |
| U74899DL1987PTC029384 | Previous |
Contact details
Abhinav Steels and Power Limited's registered office is in New Delhi, Delhi. Its website is abhinav-steel.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address401 Mahavirji Complex Lsc Rishabh Vihar, New Delhi, Delhi, India – 110092
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Abhinav Steels and Power 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 Abhinav Steels and Power is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Abhinav Steels and Power Limited, buy the company report.
Financials of Abhinav Steels and Power Limited
FY 2020 filings availableAbhinav Steels and Power Limited reported revenue of ₹4.57 Cr (down 93% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 93% in the latest year. EBITDA rose 84% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.57 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.58 Cr | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -32.9% | ||||
| Net Profit Margin | -318.9% | ||||
| 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 Abhinav Steels and Power Limited, buy the company report.
Board of directors of Abhinav Steels and Power Limited
Abhinav Steels and Power has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajkumar Yadav | Additional Director | 17 Dec 2018 | 7 Years 10 Months | As last reported |
| Jitender Kumar Yadav | Whole-Time Director | 17 Nov 2008 | 17 Years 11 Months | As last reported |
| Diledar Yadav | Additional Director | 24 Dec 2018 | 7 Years 10 Months | As last reported |
| Sandip Kumar Panigrahi | Nominee Director | 28 Feb 2018 | 8 Years 8 Months | As last reported |
Auditor
Abhinav Steels and Power Limited is audited by MANOJ MOHAN & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOJ MOHAN & ASSOCIATES | FY 2020 | 009195C |
Shareholding
The shareholding of Abhinav Steels and Power Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Abhinav Steels and Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 2018 | 100163992 | Others | ₹100 | Open | |
| 04 Apr 2014 | 10488180 | Punjab National Bank | ₹4 Lakh | Open | |
| 20 Feb 2014 | 10481576 | Punjab National Bank | ₹8 Lakh | Open | |
| 16 Aug 2013 | 10451343 | Punjab National Bank | ₹5.4 Lakh | Open | |
| 16 May 2013 | 10431367 | Others | ₹435.22 Cr | Open |
To see the full charge records of Abhinav Steels and Power Limited, buy the company report.
Total charge records: 37 View all charges
Deals & funding
Abhinav Steels and Power Limited has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹168.1 Cr; the latest was in July 2015.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹16.9 Cr | Investors: Iskcon Industrial Consultancy Private Limited , PJS Energy Private Limited , PJ Energy Private Limited |
| Aug 2013 | Funding round | ₹13.3 Cr | Investors: Aj Power Private Limited , Iskcon Infra Engineering Private Limited , PJS Energy Private Limited |
| Jun 2013 | Funding round | ₹9.08 Cr | Investors: PJ Energy Private Limited , Aj Energy Private Limited , Iskcon Infra Engineering Private Limited |
| May 2012 | Funding round | ₹30.06 Cr | Investors: Iskcon Infotech Private Limited , Sourya Rolling and Energy Private Limited , PJ Energy Private Limited |
| Mar 2011 | Funding round | ₹33.23 Cr | Investors: Anjaney Steels Private Limited , Aj Energy Private Limited , Aj Power Private Limited |
To see the full deal history of Abhinav Steels and Power Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Abhinav Steels and Power Limited has 8 court cases on record: 6 filed by Abhinav Steels and Power, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 2 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by SBC Minerals Pvt Ltd | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed against the company by Transformers & Rectifiers India Ltd | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Union of India Secretary Department of Revenue, North Block , District: New Delhi , , Delhi and 2 others | Disposed |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against an individual | Disposed |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against Railway Board Thru Its Chairman and 5 Others | Disposed |
To see the full case history of Abhinav Steels and Power 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 Abhinav Steels and Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Abhinav Steels and Power Limited has a workforce of 14 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
GST
Abhinav Steels and Power has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCA3974H1ZK | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AABCA3974H2ZJ | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AABCA3974H3ZI | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Abhinav Steels and Power Limited, buy the company report.
Recent activity
Abhinav Steels and Power Limited has 15 board changes on record since 2008: 4 appointments and 11 cessations. The latest: Sandip Kumar Panigrahi ceased to be Nominee Director on 01 Jun 2024.
56 earlier events are in the company report.
Frequently asked questions
Abhinav Steels and Power is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Abhinav Steels and Power is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 05 October 1987 and is registered under CIN U74899DL1987PLC029384. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Abhinav Steels and Power has 4 current directors:
- Jitender Kumar Yadav - Whole-Time Director
- Rajkumar Yadav - Additional Director
- Diledar Yadav - Additional Director
- Sandip Kumar Panigrahi - Nominee Director
The latest financial statements of Abhinav Steels and Power on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Abhinav Steels and Power is U74899DL1987PLC029384. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abhinav Steels and Power has open charges of ₹1,081.59 Cr and satisfied charges of ₹8.96 Cr as per latest MCA filings.
Abhinav Steels and Power has 8 court cases on record: 6 filed by the company and 2 filed against it. Most are in the high courts.
Abhinav Steels and Power was incorporated on 05 October 1987. It is registered with the Registrar of Companies, Delhi.
Abhinav Steels and Power has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹168.1 Cr; the latest was in July 2015.
Sandip Kumar Panigrahi ceased to be Nominee Director on 01 Jun 2024. Sanjeev Kumar ceased to be Company Secretary on 30 Jun 2022. Sanjay Kumar Yadav ceased to be Whole-Time Director on 30 Jan 2019. Abhinav Steels and Power has 15 board changes on record in total.
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