Cheran Steels Private Limited
About Cheran Steels Private Limited
Data last updated:
Cheran Steels Private Limited is a private limited company based in Pollachi, Tamil Nadu, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 26 May 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U27107TZ2008PTC014496. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Sanex Steels Private Limited. It is led by directors Karunanidhi and Mohan Dhantapani.
Its last annual general meeting (AGM) was held on 23 May 2024, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Sf. No. 42/2 Mullappadi Road Sulakkal, Pollachi, Tamil Nadu, India – 642110.
As per the financials filed for FY 2018, the company reported a revenue of ₹20.96 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net loss of ₹61.68 Lakh (net margin -2.9%) and EBITDA of -₹14.43 Lakh (EBITDA margin -0.7%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years.
As per MCA filings, the company has open charges of ₹11.05 Cr and satisfied charges of ₹3.9 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 4 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Cheran Steels Private Limited's registered office is in Pollachi, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSf. No. 42/2 Mullappadi Road Sulakkal, Pollachi, Tamil Nadu, India – 642110
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Cheran 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 activity of Cheran Steels 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 Cheran Steels Private Limited, buy the company report.
Financials of Cheran Steels Private Limited
FY 2018 filings availableCheran Steels Private Limited reported revenue of ₹20.96 Cr (up 49% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 49% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 22%. EBITDA rose 85% 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 | -₹14.43 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹61.68 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 | -0.7% | |||
| Net Profit Margin | -2.9% | |||
| 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 Cheran Steels Private Limited, buy the company report.
Board of directors of Cheran Steels Private Limited
Cheran Steels has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karunanidhi | Director | 10 Aug 2012 | 14 Years 2 Months | Current |
| Mohan Dhantapani | Director | 10 Aug 2012 | 14 Years 2 Months | Current |
Shareholding
The shareholding of Cheran Steels Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Cheran Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Aug 2012 | 10433643 | Others | ₹11.05 Cr | Open | |
| 25 Apr 2009 | 10157576 | Canara Bank | ₹3.9 Cr | Satisfied |
To see the full charge records of Cheran Steels Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Cheran Steels Private Limited has 10 court cases on record: 7 filed by Cheran Steels, 3 filed against it. 4 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 4 |
| District courts | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against The Metal Scrap Trade Corporation Ltd | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against The Metal Scrap Trade Corporation Ltd | Pending |
| Madras High Court | Writ petition | Filed by the company against The Metal Scrap Trade Corporation Limited MSTC | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against The Metal Scrap Trade Corporation Limited MSTC | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against Joint Commissioner and 1 other | Pending |
To see the full case history of Cheran Steels 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 Cheran Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cheran Steels has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Cheran Steels Private Limited, buy the company report.
Recent activity
Cheran Steels Private Limited has 10 board changes on record since 2012: 2 appointments and 8 cessations. The latest: Mohan Vivek ceased to be Director on 22 Sep 2016.
6 earlier events are in the company report.
Frequently asked questions
Cheran Steels is an active private limited company based in Pollachi, Tamil Nadu, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 26 May 2008 (18+ years old) and is registered under CIN U27107TZ2008PTC014496.
Cheran Steels has 2 current directors:
- Karunanidhi - Director
- Mohan Dhantapani - Director
The latest financial statements of Cheran Steels on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 23 May 2024. Year-wise statements from 2015 are in the company report.
No. Cheran Steels has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Cheran Steels is U27107TZ2008PTC014496. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cheran Steels has 10 court cases on record: 7 filed by the company and 3 filed against it. 4 are pending. Most are in the high courts.
Cheran Steels was incorporated on 26 May 2008, making it 18+ years old. It is registered with the Registrar of Companies, Coimbatore.
Mohan Vivek ceased to be Director on 22 Sep 2016. Karunanidhi ceased to be Additional Director on 30 Sep 2014. Mohan Dhantapani ceased to be Additional Director on 30 Sep 2014. Cheran Steels has 10 board changes on record in total.
The registered office of Cheran Steels is at Sf. No. 422 Mullappadi Road Sulakkal, Pollachi, Tamil Nadu, India – 642110.
Cheran Steels operates in the metals and minerals industry, in the steel manufacturing and processing segment.
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.
