Aseem Ispat Private Limited
About Aseem Ispat Private Limited
Data last updated:
Aseem Ispat Private Limited is a private limited company based in Ludhiana, Punjab, 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 metals retail and distribution segment of the metals and mining sector. It was incorporated on 03 July 2000.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27109PB2000PTC023808. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹19.5 Lakh. It is led by directors Raksha Modi and Vijay Kumar Modi.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 60 New Cycle Market.Gill Road Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2017, the company reported a revenue of ₹35.42 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.28 Lakh (net margin 0%) and EBITDA of ₹21.05 Lakh (EBITDA margin 0.6%).
As per MCA filings, the company has open charges of ₹3.02 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 4 cases are pending.
Company details
Contact details
Aseem Ispat Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.
- Email
- Registered Address60 New Cycle Market.Gill Road Ludhiana, Punjab, India – 141003
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Aseem Ispat 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 Aseem Ispat is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Aseem Ispat Private Limited, buy the company report.
Financials of Aseem Ispat Private Limited
FY 2017 filings availableAseem Ispat Private Limited reported revenue of ₹35.42 Cr (up 7% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year. EBITDA fell 8% 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 |
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| Total Expenses | |||
| EBITDA | ₹21.05 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.28 Lakh | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.6% | ||
| Net Profit Margin | 0% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Aseem Ispat Private Limited, buy the company report.
Board of directors of Aseem Ispat Private Limited
Aseem Ispat has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raksha Modi | Director | 10 Dec 2001 | 24 Years 10 Months | As last reported |
| Vijay Kumar Modi | Director | 03 Jul 2000 | 26 Years 3 Months | As last reported |
Peer comparison
Aseem Ispat Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| NWCC Ispat Private Limited | ₹35.62 Cr (FY 2024) | -34.0% | New Delhi, Delhi, India | |||
| JVN Traders Private Limited | ₹35.57 Cr (FY 2023) | Delhi, India | ||||
| M.R. Goel Steel Company Private Limited | ₹35.46 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| Aseem Ispat Private Limitedthis company | ₹35.42 Cr (FY 2017) | ₹1.28 Lakh | 0% | 7.0% | Ludhiana, Punjab, India | |
| Marjing Commerce Private Limited | ₹35.39 Cr (FY 2025) | 53.0% | Imphal West, Manipur, India | |||
| Agarwal Metcom Private Limited | ₹35.39 Cr (FY 2025) | -43.0% | Jamshedpur, Jharkhand, India | |||
| Shivalikview Steel Trading Private Limited | ₹35.33 Cr (FY 2024) | 4.0% | Chandigarh, India |
To see the full peer comparison of Aseem Ispat Private Limited, buy the company report.
Auditor
Aseem Ispat Private Limited is audited by 19-F for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| 19-F | FY 2016 | SHARMA BHA |
Shareholding
The shareholding of Aseem Ispat 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 Aseem Ispat Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2005 | 90309734 | Uco Bank | ₹75 Lakh | Open | |
| 09 Aug 2005 | 90170188 | Uco Bank | ₹1.75 Cr | Open | |
| 29 Oct 2002 | 90309483 | Central Bank of India | ₹26 Lakh | Open | |
| 19 Oct 2002 | 90169711 | Central Bank of India | ₹26 Lakh | Open |
To see the full charge records of Aseem Ispat Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Aseem Ispat Private Limited has 4 court cases on record: 2 filed by Aseem Ispat, 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
| High courts | 2 | 0 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Criminal miscellaneous application | Filed by the company against M/S Shriram City Union Finance Ltd. and 1 other | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Religare Finvest Limited | Pending |
| High Court | Court case (RSTAY) | Filed by the company against State of Rajasthan | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed against the company by Shri Ram City Union Finance | Pending |
To see the full case history of Aseem Ispat 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 Aseem Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aseem Ispat has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Aseem Ispat Private Limited, buy the company report.
Recent activity
Aseem Ispat Private Limited has 2 board changes on record since 2000: 2 appointments. The latest: Raksha Modi was appointed as Director on 10 Dec 2001.
Frequently asked questions
Aseem Ispat 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.
Aseem Ispat is a company under liquidation, formerly operating as a private limited company based in Ludhiana, Punjab, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 03 July 2000 and is registered under CIN U27109PB2000PTC023808. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Aseem Ispat has 2 current directors:
- Raksha Modi - Director
- Vijay Kumar Modi - Director
The latest financial statements of Aseem Ispat on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Aseem Ispat is U27109PB2000PTC023808. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aseem Ispat has open charges of ₹3.02 Cr and no satisfied charges on record as per latest MCA filings.
Aseem Ispat has 4 court cases on record: 2 filed by the company and 2 filed against it. 4 are pending. Most are in the district courts.
Aseem Ispat was incorporated on 03 July 2000. It is registered with the Registrar of Companies, Chandigarh.
The peers of Aseem Ispat by revenue are NWCC Ispat Private Limited, JVN Traders Private Limited, M.R. Goel Steel Company Private Limited, Marjing Commerce Private Limited, Agarwal Metcom Private Limited and 1 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Raksha Modi was appointed as Director on 10 Dec 2001. Vijay Kumar Modi was appointed as Director on 03 Jul 2000.
The registered office of Aseem Ispat is at 60 New Cycle Market.Gill Road Ludhiana, Punjab, India – 141003.