Deep Weldmesh Private Limited
About Deep Weldmesh Private Limited
Data last updated:
Deep Weldmesh Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 09 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1994PTC059546. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹1.55 Cr. It was formerly known as Accurate Polymers Private Limited. It is led by directors Dharam Pal Garg and Amit Garg.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 36/3 Guru Nanak Bearing Market Jhandewallan Road Motia Khan, New Delhi, Delhi, India – 110055.
As per the financials filed for FY 2018, the company reported a revenue of ₹94.61 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹7.39 Cr and EBITDA of -₹5.84 Cr. Revenue has declined at a compounded annual rate (CAGR) of 70% over three years.
As per MCA filings, the company has open charges of ₹12.4 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Deep Weldmesh Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address36/3 Guru Nanak Bearing Market Jhandewallan Road Motia Khan, New Delhi, Delhi, India – 110055
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Deep Weldmesh 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 Deep Weldmesh 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 |
Financials of Deep Weldmesh Private Limited
FY 2019 filings availableDeep Weldmesh Private Limited reported revenue of ₹94.61 Lakh (down 99% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 70% over three years, including a 99% fall 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 | ₹94.61 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹5.84 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹7.39 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 | ||||
| Net Profit Margin | ||||
| 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 Deep Weldmesh Private Limited, buy the company report.
Board of directors of Deep Weldmesh Private Limited
Deep Weldmesh has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharam Pal Garg Also directs: Gargs Weldmesh Private Limited, Style Marketing Private Limited | Director | 20 Mar 1996 | 30 Years 7 Months | Current |
| Amit Garg Also directs: Gargs Weldmesh Private Limited, Style Marketing Private Limited | Director | 22 Aug 2017 | 9 Years 2 Months | Current |
Auditor
Deep Weldmesh Private Limited is audited by NAVISH NAGPAL & COMPANY for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAVISH NAGPAL & COMPANY | FY 2018 | 013182N |
Shareholding
The shareholding of Deep Weldmesh 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 Deep Weldmesh Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2014 | 10528973 | Syndicate Bank | ₹8.24 Lakh | Open | |
| 04 Dec 2008 | 10134999 | Syndicate Bank | ₹6.44 Lakh | Open | |
| 21 Nov 2008 | 10131334 | Syndicate Bank | ₹20 Lakh | Open | |
| 24 Mar 2007 | 10045123 | Others | ₹12 Cr | Open | |
| 18 Jan 2002 | 90037020 | Syndicate Bank | ₹5 Lakh | Open |
To see the full charge records of Deep Weldmesh Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Deep Weldmesh Private Limited has 6 court cases on record: 6 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 1 |
Cases on record (3 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Criminal case | Filed against the company by Bajaj Finance Ltd | Disposed |
| District court, Central, Delhi | Court case (CBI) | Filed against the company by an individual | Pending |
| District court, West, Delhi | Criminal case | Filed against the company by Syndicate Bank | Disposed |
To see the full case history of Deep Weldmesh 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
Deep Weldmesh Private Limited was last rated by Indiarating on 20 Dec 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 20 Dec 2017 |
To see the full credit ratings and regulatory alerts of Deep Weldmesh Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Deep Weldmesh Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Deep Weldmesh 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 Deep Weldmesh Private Limited, buy the company report.
Recent activity
Deep Weldmesh Private Limited has 3 board changes on record since 1996: 2 appointments and 1 cessation. The latest: Nirmala Devi ceased to be Director on 30 Aug 2017.
Frequently asked questions
Deep Weldmesh is an active private limited company based in New Delhi, Delhi, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 09 June 1994 (32+ years old) and is registered under CIN U74899DL1994PTC059546.
Deep Weldmesh has 2 current directors:
- Dharam Pal Garg - Director
- Amit Garg - Director
The latest financial statements of Deep Weldmesh on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 September 2019. Year-wise statements from 2015 are in the company report.
No. Deep Weldmesh has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Deep Weldmesh is U74899DL1994PTC059546. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Deep Weldmesh has 6 court cases on record: 6 filed against it. 1 is pending.
Deep Weldmesh was incorporated on 09 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Delhi.
Nirmala Devi ceased to be Director on 30 Aug 2017. Amit Garg was appointed as Director on 22 Aug 2017. Dharam Pal Garg was appointed as Director on 20 Mar 1996.
The registered office of Deep Weldmesh is at 363 Guru Nanak Bearing Market Jhandewallan Road Motia Khan, New Delhi, Delhi, India – 110055.
Deep Weldmesh operates in the metals and minerals industry, in the materials retail and distribution segment.
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