About Ark Industries Private Limited
Data last updated:
Ark Industries 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 auto parts and components segment of the automotive sector. It was incorporated on 17 September 2004.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27200MH2004PTC148690. Its GSTIN is 27AAECA8885E1ZD (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.85 Cr. It is led by directors Dhanesh Jayantilal Mehta and Subroto Chatterjee.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹518.87 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.07 Cr (net margin 0.2%) and EBITDA of ₹11.74 Cr (EBITDA margin 2.3%).
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹82.54 Cr and satisfied charges of ₹30 Cr on record. Court records list 85 cases involving the company, including 65 filed by the company and 20 filed against it; 13 cases are pending.
The last known website on record is deltasteelworld.com.
Company details
Contact details
Ark Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is deltasteelworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit/Office No. 205 2nd Floor Windfall Building Andheri Kurla Road J.B.Nagar Andheri, (E), Mumbai, Maharashtra, India – 400059
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Ark Industries 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 Ark Industries are trade and manufacturing. In detail, this covers wholesale 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 | G1 | Wholesale Trading | |
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ark Industries Private Limited, buy the company report.
Financials of Ark Industries Private Limited
FY 2018 filings availableArk Industries Private Limited reported revenue of ₹518.87 Cr (down 8% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year. EBITDA rose 11% 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 | ₹518.87 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹11.74 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.07 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.3% | |||
| Net Profit Margin | 0.2% | |||
| 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 Ark Industries Private Limited, buy the company report.
Board of directors of Ark Industries Private Limited
Ark Industries has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhanesh Jayantilal Mehta | Director | 17 Sep 2004 | 22 Years 1 Months | As last reported |
| Subroto Chatterjee | Additional Director | 29 Nov 2018 | 7 Years 10 Months | As last reported |
Auditor
Ark Industries Private Limited is audited by K P DODECHA AND CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P DODECHA AND CO | FY 2018 | 119485W |
Shareholding
The shareholding of Ark Industries Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ark Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jan 2019 | 100256620 | State Bank of India | ₹20 Cr | Open | |
| 07 Oct 2016 | 100062974 | Others | ₹4.14 Lakh | Open | |
| 05 Feb 2014 | 10481447 | Others | ₹62.5 Cr | Open | |
| 11 May 2007 | 10064761 | Bank of Maharashtra | ₹30 Cr | Satisfied |
To see the full charge records of Ark Industries Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Ark Industries Private Limited has 85 court cases on record: 65 filed by Ark Industries, 20 filed against it. 13 cases are pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 71 | 9 | 12 |
| High courts | 10 | 8 | 1 |
| NCLT | 3 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 85)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed by the company against Punjab State Power Corporation Ltd and Others and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Yatin Steels India Pvt.Ltd. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against JSR Autocomps Pvt Ltd and 1 other | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Karu Metals Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Arhihant Components India Pvt Ltd and 2 Others | Disposed |
To see the full case history of Ark Industries 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.
Credit ratings & regulatory alerts
Ark Industries Private Limited was last rated by Crisil on 31 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Jan 2020 |
To see the full credit ratings and regulatory alerts of Ark Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ark Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ark Industries Private Limited has a workforce of 7 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Ark Industries has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECA8885E1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ark Industries Private Limited, buy the company report.
Recent activity
Ark Industries Private Limited has 6 board changes on record since 2004: 2 appointments and 4 cessations. The latest: Akshay Rajendrapershad Jain ceased to be Director on 10 Jun 2019.
4 earlier events are in the company report.
Frequently asked questions
Ark Industries 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.
Ark Industries is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 17 September 2004 and is registered under CIN U27200MH2004PTC148690. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ark Industries has 2 current directors:
- Dhanesh Jayantilal Mehta - Director
- Subroto Chatterjee - Additional Director
The latest financial statements of Ark Industries 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 Ark Industries is U27200MH2004PTC148690. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ark Industries has open charges of ₹82.54 Cr and satisfied charges of ₹30 Cr as per latest MCA filings.
Ark Industries has 85 court cases on record: 65 filed by the company and 20 filed against it. 13 are pending. Most are in the district courts.
Ark Industries was incorporated on 17 September 2004. It is registered with the Registrar of Companies, Mumbai.
Akshay Rajendrapershad Jain ceased to be Director on 10 Jun 2019. Manohar Rajaram Mane ceased to be Director on 07 Dec 2018. Subroto Chatterjee was appointed as Additional Director on 29 Nov 2018. Ark Industries has 6 board changes on record in total.
Ark Industries can be reached through the website deltasteelworld.com. Its registered office is in Mumbai, Maharashtra, India.