About Ang Industries Limited
Data last updated:
Ang Industries Limited was a public limited company based in New Delhi, Delhi, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 24 July 1991.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN L51909DL1991PLC045084. Its GSTIN is 07AAACA2969B3ZY (Delhi). The company held 10 GST registrations, of which 2 are active. It is recorded as listed by MCA, but its shares were delisted from NSE on 10 Jul 2020 · winding up, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹22.5 Cr and a paid-up capital of ₹16.09 Cr. It was formerly known as Ang Auto Limited and A N G Exports Limited. It was led by directors including Premjit Singh Chadha (Managing Director) and Om Prakash Sharma (Whole-Time Director).
Its last annual general meeting (AGM) was held on 06 July 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 101 – 106 Sharda Chamber IV Plot No. 42 3 Local Shopping Complex, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2017, the company reported a revenue of ₹89.79 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹107.51 Cr (net margin -119.7%) and EBITDA of -₹91.9 Cr (EBITDA margin -102.3%).
The company had about 185 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: ANG Industries. As per MCA filings, the company had open charges of ₹212.85 Cr and satisfied charges of ₹335.89 Cr on record. Court records list 97 cases involving the company, including 18 filed by the company and 80 filed against it; 4 cases are pending. The company has 32 deals on record (32 market trades); the latest was in April 2016. Its 3 peer companies in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 1 smaller; the largest is Accrete Electromech Private Limited with revenue of ₹90.48 Cr.
The last known website on record is angindustries.com.
Company details
Name history
Ang Industries has undergone 2 name changes throughout its history. The company was previously known as Ang Auto Limited, and A N G Exports Limited. The current legal name is Ang Industries Limited.
| Company Name | Status |
|---|---|
| Ang Industries Limited | Current |
| Ang Auto Limited | Previous |
| A N G Exports Limited | Previous |
Contact details
Ang Industries Limited's registered office is in New Delhi, Delhi. Its website is angindustries.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address101 – 106 Sharda Chamber IV Plot No. 42 3 Local Shopping Complex, New Delhi, Delhi, India – 110019
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Ang Industries 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
Brands
Ang Industries operates one associated brand: ANG Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HCV components and weldments are manufactured for various sectors. | angindustries.com |
Business activity
The main business activity of Ang Industries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ang Industries Limited, buy the company report.
Financials of Ang Industries Limited
FY 2017 filings availableAng Industries Limited reported revenue of ₹89.79 Cr (down 46% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 46% in the latest year. EBITDA fell 781% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹89.79 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹91.9 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹107.51 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -102.3% | ||
| Net Profit Margin | -119.7% | ||
| 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 Ang Industries Limited, buy the company report.
Board of directors and KMP of Ang Industries Limited
Ang Industries Limited currently reports 3 directors and 1 key managerial person. 5 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Premjit Singh Chadha | Managing Director | 24 Jul 1991 | 35 Years 3 Months | As last reported |
| Seema Mathur | Company Secretary | 27 May 2016 | 10 Years 4 Months | As last reported |
| Azad Kumar Gupta | Additional Director | 14 Oct 2013 | 13 Years 0 Months | As last reported |
| Om Prakash Sharma | Whole-Time Director | 08 Dec 1998 | 27 Years 10 Months | As last reported |
Peer comparison
Ang Industries Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Auto Ancillary), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Accrete Electromech Private Limited | ₹90.48 Cr (FY 2025) | 4.0% | Aurangabad, Maharashtra, India | |||
| Sintercom India Limited | ₹90.11 Cr (FY 2025) | 3.0% | Pune, Maharashtra, India | |||
| Ang Industries Limitedthis company | ₹89.79 Cr (FY 2017) | -₹107.51 Cr | -119.7% | -46.0% | New Delhi, Delhi, India | |
| Mahindra Auto Steel Private Limited | ₹89.65 Cr (FY 2020) | -29.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ang Industries Limited, buy the company report.
Auditor
Ang Industries Limited is audited by SANDESH JAIN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANDESH JAIN & CO | FY 2017 | 008548N |
Shareholding
The shareholding of Ang Industries Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ang Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2015 | 10546368 | Bank of Baroda | ₹2 Cr | Open | |
| 30 Oct 2014 | 10530787 | Yes Bank Limited | ₹4.7 Cr | Open | |
| 08 May 2014 | 10506776 | Yes Bank Limited | ₹5.5 Cr | Open | |
| 18 May 2013 | 10427042 | Dcb Bank Limited | ₹2.41 Cr | Open | |
| 08 Mar 2013 | 10412667 | Yes Bank Limited | ₹6 Cr | Open |
To see the full charge records of Ang Industries Limited, buy the company report.
Total charge records: 40 View all charges
Deals & funding
Ang Industries Limited has 32 deals on record (32 market trades); the latest was in April 2016.
Deals on record (5 of 32)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2016 | Market trade | ₹4.37 Cr | Buyer: Gkn Securities, Crosseas Capital Markets Private Limited , 2 individuals Seller: Ang Automotive Industries Private Limited , Gkn Securities, Crosseas Capital Markets Private Limited , an individual |
| Jul 2015 | Market trade | ₹1.33 Cr | Buyer: Crest Capital & Investment Seller: Ang Automotive Industries Private Limited |
| Nov 2014 | Market trade | ₹45.6 Lakh | Buyer: Decent Portfolio Services Private Limited |
| Sep 2013 | Market trade | ₹5.4 Lakh | Buyer: CSL Finance Limited Seller: HCP Petrochem Pvt. Ltd. |
| Sep 2013 | Market trade | ₹5.1 Lakh | Buyer: CSL Finance Limited Seller: HCP Petrochem Pvt. Ltd. |
To see the full deal history of Ang Industries 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
Ang Industries Limited has 97 court cases on record: 18 filed by Ang Industries, 80 filed against it. 4 cases are pending and 93 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 71 | 65 | 3 |
| High courts | 23 | 14 | 0 |
| Supreme Court | 2 | 1 | 0 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 97)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Reliance Commercial Finance Ltd | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Shah Brothers Ispat Pvt.Ltd & Ors | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by RMG Alloy Steel Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by Vision India | Disposed |
| District court, Dewas, Madhya Pradesh | Court case (EX B) | Filed against the company by M/S Dewas Metal Sections Ltd. (by- Anand S/O Ramsundar Sharma) | Disposed |
To see the full case history of Ang Industries 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.
Credit ratings & regulatory alerts
Ang Industries Limited was last rated by Brickwork on 18 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 18 Dec 2019 |
To see the full credit ratings and regulatory alerts of Ang Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ang Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ang Industries has 2 joint ventures. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
Ang Industries has 10 GST registrations: 2 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACA2969B3ZY | Delhi | Active | 29 Oct 2020 |
| 05AAACA2969B2Z3 | Uttarakhand | Active | 22 Oct 2020 |
To see the full GST registrations and return filing status of Ang Industries Limited, buy the company report.
Recent activity
Ang Industries Limited has 12 board changes on record since 1991: 8 appointments and 4 cessations. The latest: Nidhi Singh ceased to be Additional Director on 08 Aug 2018.
91 earlier events are in the company report.
Frequently asked questions
Ang Industries has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Ang Industries was a public limited company based in New Delhi, Delhi, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 24 July 1991 and is registered under CIN L51909DL1991PLC045084. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Ang Industries was incorporated on 24 July 1991. It is registered with the Registrar of Companies, Delhi.
Ang Industries had 4 directors and KMP:
- Premjit Singh Chadha - Managing Director
- Om Prakash Sharma - Whole-Time Director
- Azad Kumar Gupta - Additional Director
- Seema Mathur - Company Secretary
The CIN (Corporate Identification Number) of Ang Industries is L51909DL1991PLC045084. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ang Industries is recorded as a listed company by MCA, but its shares were delisted from NSE on 10 Jul 2020 · winding up, and no longer trade on a stock exchange.
The registered office of Ang Industries is at 101 – 106 Sharda Chamber IV Plot No. 42 3 Local Shopping Complex, New Delhi, Delhi, India – 110019.
Ang Industries can be reached through the website angindustries.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Ang Industries on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 06 July 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Ang Industries is 07AAACA2969B3ZY, registered in Delhi. The company has 10 GST registrations in all, of which 2 are active and 8 are cancelled or inactive. Other active GSTINs include 05AAACA2969B2Z3 (Uttarakhand).
Ang Industries operated in the automotive industry, in the auto parts and components segment.