About Core Indo Ispat Private Limited
Data last updated:
Core Indo Ispat Private Limited is a private limited company based in Chennai, Tamil Nadu, 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 30 March 1993.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U30006TN1993PTC024707. Its GSTIN is 33AAACR1632E1Z0 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.7 Cr. It was formerly known as Ruchika Global Interlinks Private Limited and Ruchika Peripherals Pvt.Ltd. It is led by directors including Aashish Nevatia (Managing Director) and Arunkumar.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 152 Thambu Chetty St 3rd Floor Madras, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.45 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹7.56 Cr (net margin -170%) and EBITDA of -₹3.03 Cr (EBITDA margin -68.2%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years.
As per MCA filings, the company has open charges of ₹33.96 Cr and satisfied charges of ₹37.52 Cr on record. Court records list 65 cases involving the company, including 42 filed by the company and 23 filed against it; 2 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.2 Cr; the latest was in November 2012. Its 6 peer companies in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 3 larger and 3 smaller; the largest is Zever Jewellers Private Limited with revenue of ₹4.49 Cr.
The last known website on record is coregroup.net.in.
Company details
Name history
Core Indo Ispat has undergone 2 name changes throughout its history. The company was previously known as Ruchika Global Interlinks Private Limited, and Ruchika Peripherals Pvt.Ltd. The current legal name is Core Indo Ispat Private Limited.
| Company Name | Status |
|---|---|
| Core Indo Ispat Private Limited | Current |
| Ruchika Global Interlinks Private Limited | Previous |
| Ruchika Peripherals Pvt.Ltd | Previous |
Contact details
Core Indo Ispat Private Limited's registered office is in Chennai, Tamil Nadu. Its website is coregroup.net.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address152 Thambu Chetty St 3rd Floor Madras, Chennai, Tamil Nadu, India – 600001
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Core Indo 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 Core Indo 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 Core Indo Ispat Private Limited, buy the company report.
Financials of Core Indo Ispat Private Limited
FY 2018 filings availableCore Indo Ispat Private Limited reported revenue of ₹4.45 Cr (down 78% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 74% over three years, including a 78% fall in the latest year. EBITDA fell 48% 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 | ₹4.45 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹3.03 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹7.56 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 | -68.2% | |||
| Net Profit Margin | -170% | |||
| 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 Core Indo Ispat Private Limited, buy the company report.
Board of directors of Core Indo Ispat Private Limited
Core Indo Ispat has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aashish Nevatia | Managing Director | 30 Mar 1993 | 33 Years 6 Months | As last reported |
| Arunkumar | Director | 02 Mar 2009 | 17 Years 7 Months | As last reported |
| Uttam Ramniwas Goyal Also directs: Brijwasi Dugdhalaya Private Limited | Director | 30 Sep 2014 | 12 Years 0 Months | As last reported |
Peer comparison
Core Indo 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 |
|---|---|---|---|---|---|---|
| Zever Jewellers Private Limited | ₹4.49 Cr (FY 2019) | -28.0% | Rourkela, Odisha, India | |||
| N .K. Commotrade Private Limited | ₹4.47 Cr (FY 2025) | -30.0% | Howrah, West Bengal, India | |||
| Kamdhenu Vanijya Private Limited | ₹4.46 Cr (FY 2025) | -83.0% | Kolkata, West Bengal, India | |||
| Core Indo Ispat Private Limitedthis company | ₹4.45 Cr (FY 2018) | -₹7.56 Cr | -170% | -78.0% | Chennai, Tamil Nadu, India | |
| JMC Metals Private Limited | ₹4.42 Cr (FY 2024) | -39.0% | Mumbai, Maharashtra, India | |||
| N S Manufacturing and Sales Private Limited | ₹4.42 Cr (FY 2024) | -60.0% | Kolkata, West Bengal, India | |||
| 3M Projects Private Limited | ₹4.38 Cr (FY 2024) | -40.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Core Indo Ispat Private Limited, buy the company report.
Auditor
Core Indo Ispat Private Limited is audited by RAJESH SAMDARIA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJESH SAMDARIA & ASSOCIATES | FY 2018 | 007662S |
Shareholding
The shareholding of Core Indo Ispat Private Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Core Indo Ispat Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jan 2015 | 10549695 | Reliance Home Finance Limited | ₹10 Cr | Open | |
| 25 Aug 2014 | 10521635 | Others | ₹23.96 Cr | Open | |
| 30 Jun 2011 | 10297123 | Indian Overseas Bank | ₹18 Cr | Satisfied | |
| 17 Dec 2007 | 10094856 | Yes Bank Ltd | ₹9 Cr | Satisfied | |
| 20 Apr 2006 | 80021510 | Abn Amro Bank N. V. | ₹8 Cr | Satisfied |
To see the full charge records of Core Indo Ispat Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Core Indo Ispat Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.2 Cr; the latest was in November 2012.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2012 | Funding round | ₹95 Lakh | Investors: 3 individuals |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Sep 2007 | Funding round | ₹25 Lakh | Investors: an individual |
| Jul 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Core Indo Ispat Private Limited has 65 court cases on record: 42 filed by Core Indo Ispat, 23 filed against it. 2 cases are pending and 63 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 8 | 1 |
| High courts | 14 | 13 | 0 |
| NCLAT | 2 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 65)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S.Reliance Home Finance Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against CFM Asset Reconstruction Pvt Ltd | Disposed |
| District court, BALLARI, Karnataka | Civil suit | Filed against the company by Supra Steel and Power Pvt. Ltd., by Its M.D.Sri.Sathya Prasad. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Reliance Capital Ltd | Disposed |
| District court, BALLARI, Karnataka | Criminal complaint | Filed against the company by Ms Supra Steel and Power Pvt. Ltd.By Its General Managaer N.Samba Siva Rao. | Disposed |
To see the full case history of Core Indo 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 Core Indo Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Core Indo Ispat has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACR1632E1Z0 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Core Indo Ispat Private Limited, buy the company report.
Recent activity
Core Indo Ispat Private Limited has 6 board changes on record since 1993: 3 appointments and 3 cessations. The latest: Nidhi Nevatia ceased to be Director on 31 Mar 2019.
14 earlier events are in the company report.
Frequently asked questions
Core Indo 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.
Core Indo Ispat is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 30 March 1993 and is registered under CIN U30006TN1993PTC024707. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Core Indo Ispat has 3 current directors:
- Aashish Nevatia - Managing Director
- Arunkumar - Director
- Uttam Ramniwas Goyal - Director
The latest financial statements of Core Indo Ispat on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Core Indo Ispat is U30006TN1993PTC024707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Core Indo Ispat has open charges of ₹33.96 Cr and satisfied charges of ₹37.52 Cr as per latest MCA filings.
Core Indo Ispat has 65 court cases on record: 42 filed by the company and 23 filed against it. 2 are pending. Most are in the district courts.
Core Indo Ispat was incorporated on 30 March 1993. It is registered with the Registrar of Companies, Chennai.
Core Indo Ispat has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.2 Cr; the latest was in November 2012.
The peers of Core Indo Ispat by revenue are Zever Jewellers Private Limited, N .K. Commotrade Private Limited, Kamdhenu Vanijya Private Limited, JMC Metals Private Limited, N S Manufacturing and Sales Private Limited and 1 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Nidhi Nevatia ceased to be Director on 31 Mar 2019. Uttam Ramniwas Goyal was appointed as Director on 30 Sep 2014. Arunkumar ceased to be Additional Director on 30 Sep 2009. Core Indo Ispat has 6 board changes on record in total.