East India Steels Ltd
About East India Steels Ltd
Data last updated:
East India Steels Ltd is a public limited company based in Rourkela, Odisha, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 29 March 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27101OR1988PLC002003. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹11.87 Cr. It was formerly known as East India Steels Pvt Ltd. It is led by directors including Shree Ram Bagaria (Managing Director) and Mamta Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Industrial Area, Rourkela, Odisha, India – 769004.
As per the financials filed for FY 2016, the company reported a revenue of ₹35,000, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹5,100 (net margin -14.6%) and EBITDA of -₹40,100 (EBITDA margin -114.6%).
As per MCA filings, the company has open charges of ₹30.18 Cr and satisfied charges of ₹3.24 Cr on record. Court records list 11 cases involving the company, including 1 filed by the company and 10 filed against it; 6 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
East India Steels has one previous CIN (Corporate Identification Number): U27101OR1988PTC002003. The current CIN is U27101OR1988PLC002003, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27101OR1988PLC002003 | Current |
| U27101OR1988PTC002003 | Previous |
Contact details
East India Steels Ltd's registered office is in Rourkela, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressIndustrial Area, Rourkela, Odisha, India – 769004
- IndustryMetals and Minerals, Steel Manufacturing & Processing, Metal Manufacturing & Processing
To see the full contact details of East India Steels Ltd, 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
Financials of East India Steels Ltd
FY 2015 filings availableEast India Steels Ltd reported revenue of ₹35,000 (down 30% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹35,000 | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹40,100 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹5,100 | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -114.6% | |
| Net Profit Margin | -14.6% | |
| 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 East India Steels Ltd, buy the company report.
Board of directors of East India Steels Ltd
East India Steels has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shree Ram Bagaria | Managing Director | 29 Mar 1988 | 38 Years 7 Months | Current |
| Mamta Agarwal | Director | 20 Aug 2007 | 19 Years 2 Months | Current |
| Prem Kanta Bagaria | Director | 24 Jan 2005 | 21 Years 9 Months | Current |
Auditor
East India Steels Ltd is audited by JAGDISH MITTAL & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAGDISH MITTAL & CO | FY 2016 | 315116E |
Shareholding
The shareholding of East India Steels Ltd is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of East India Steels Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2007 | 10051526 | Hdfc Bank Limited | ₹22.9 Lakh | Open | |
| 26 Oct 1997 | 90081808 | State Bank Ofindia | ₹1.46 Cr | Open | |
| 23 Oct 1997 | 90080888 | State Bank of India | ₹28.33 Cr | Open | |
| 24 Nov 1888 | 90078458 | Uckbank | ₹16 Lakh | Open | |
| 31 Mar 1988 | 90080692 | Orissa State Financeal | ₹1.81 Cr | Satisfied |
To see the full charge records of East India Steels Ltd, buy the company report.
Total charge records: 7 View all charges
Legal cases
East India Steels Ltd has 11 court cases on record: 1 filed by East India Steels, 10 filed against it. 6 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 10 | 6 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Ms Minex Metallurgical Co. Pvt. Ltd. | Disposed |
| District court, Cuttack, Orissa | Court case (2 (c)cc) | Filed against the company by Assistant Registrar of Companies | Pending |
| District court, Sundargarh, Orissa | Court case (1(c)cc) | Filed by the company against Ms Raghavendra Prestress Prod. Pvt. Ltd. and 1 other | Pending |
| District court, Sundargarh, Orissa | Court case (1(c)cc) | Filed against the company by an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of East India Steels Ltd, 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 East India Steels Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
East India Steels Ltd has 1 active EPFO establishment as of Mar 28, 2024.
GST
East India 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 East India Steels Ltd, buy the company report.
Recent activity
East India Steels Ltd has 4 board changes on record since 1988: 3 appointments and 1 cessation. The latest: Deb Ranjan Panigrahi ceased to be Director on 24 Jan 2013.
11 earlier events are in the company report.
Frequently asked questions
East India Steels is an active public limited company based in Rourkela, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 29 March 1988 (38+ years old) and is registered under CIN U27101OR1988PLC002003.
East India Steels has 3 current directors:
- Shree Ram Bagaria - Managing Director
- Mamta Agarwal - Director
- Prem Kanta Bagaria - Director
The latest financial statements of East India Steels on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. East India Steels has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of East India Steels is U27101OR1988PLC002003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
East India Steels has 11 court cases on record: 1 filed by the company and 10 filed against it. 6 are pending.
East India Steels was incorporated on 29 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Cuttack.
Deb Ranjan Panigrahi ceased to be Director on 24 Jan 2013. Mamta Agarwal was appointed as Director on 20 Aug 2007. Prem Kanta Bagaria was appointed as Director on 24 Jan 2005. East India Steels has 4 board changes on record in total.
The registered office of East India Steels is at Industrial Area, Rourkela, Odisha, India – 769004.
East India 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.
