About Facor Steels Limited
Data last updated:
Facor Steels Limited is a public limited company based in Nagpur, Maharashtra, 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 specialises in steel manufacturing and processing, a part of the broader metals and mining sector. Incorporated on 13 May 2004, the company has been in operation for over 22 years.
Registered with ROC Mumbai under CIN L27100MH2004PLC146283. Listed.
Capital: an authorised share capital of ₹60 Cr and a paid-up capital of ₹53.43 Cr. It is led by directors including Vinodkumar Vithaldasji Saraf and Champaka Rangachari.
Last AGM: 28 September 2015. Financial statements filed for year ended 31 March 2015. Office: 46 – A & B Midc Ind. Estate Hingna Road Hingana Road, Nagpur, Maharashtra, India – 440028.
As per the financials filed for FY 2016, the company reported a revenue of ₹1.89 Cr, a decline of 94% compared to the previous year.
The company has a workforce of approximately 11 employees as per the latest available data.
The company is associated with 1 brand - Facor Steel. As per MCA filings, the company has open charges of ₹154.25 Cr and satisfied charges of ₹67.13 Cr on record.
The company is currently under liquidation - its assets are being sold to settle outstanding debts. It may lack the legal capacity to fulfil new agreements, and creditors are prioritised in the distribution of proceeds. The last known website on record is facorsteel.com.
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- Registered Address46 – A & B Midc Ind. Estate Hingna Road Hingana Road, Nagpur, Maharashtra, India – 440028
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Facor Steels
Facor Steels operates one associated brand: Facor Steel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel and steel products are manufactured by Facor Steel. | facorsteel.com |
Auditor Details of Facor Steels
Facor Steels Limited is audited by SALVE & Co. for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SALVE & Co. | Locked | Locked | Locked |
Complete auditor history for Facor Steels Limited
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Facor Steels Limited
Facor Steels has 8 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinodkumar Vithaldasji Saraf Also directs: Sequential Advisors LLP, Fal Power Ventures Private Limited, Shree Ram Durga Prasad Ores Private Limited and 4 more | Managing Director | 01 Aug 2004 | 22 Years 2 Months | As last reported |
| Champaka Rangachari | Director | 30 Mar 2015 | 11 Years 6 Months | As last reported |
| Narayan Das Saraf | Director | 28 Apr 2006 | 20 Years 5 Months | As last reported |
| Keshaorao Atmaram Pardhi | Director | 18 Apr 2014 | 12 Years 5 Months | As last reported |
| Anand Sadashiv Kapre Also directs: Sunflag Iron and Steel Co LTD | Director | 20 Jul 2004 | 22 Years 2 Months | As last reported |
| Mohandas Adige Shenoy | Director | 07 Nov 2011 | 14 Years 10 Months | As last reported |
Financials of Facor Steels Limited FY 2015 filings available
Facor Steels Limited reported revenue of ₹1.89 Cr (down 94.00% YoY) for FY 2016.
Ten-year financial statements for Facor Steels Limited
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Facor Steels
Shareholding and ownership data for Facor Steels Limited
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Facor Steels
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Apr 2009 | Bank of India as Lead Consortium Bank | ₹142.4 Cr | Open |
| 24 Jun 2008 | Indian Overseas Bank | ₹11.85 Cr | Open |
| 28 Jul 2006 | State Bank of Bikaner & Jaipur | ₹2.63 Cr | Satisfied |
| 26 Dec 2005 | Syndicate Bank | ₹8.55 Cr | Satisfied |
| 29 Oct 2005 | State Bank of India | ₹15 Cr | Satisfied |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Facor Steels
Employment history and EPFO contributions of people linked to Facor Steels.
Employee and EPFO history for Facor Steels Limited
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Facor Steels
GST registrations and filing compliance for Facor Steels Limited
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Facor Steels
Credit ratings, litigation, and regulatory alerts for Facor Steels Limited
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Facor Steels
MSME payment history for Facor Steels Limited
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Facor Steels
Corporate group structure for Facor Steels Limited
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Facor Steels
MCA filings and documents for Facor Steels Limited
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Facor Steels
Frequently Asked Questions about Facor Steels Limited
Facor Steels 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.
Facor Steels is a company under liquidation, formerly operating as a public limited company in the metals and minerals sector based in Nagpur, Maharashtra, India. It was incorporated on 13 May 2004 and is registered under CIN L27100MH2004PLC146283. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Facor Steels reported revenue of ₹1.89 Cr for FY 2016 (down 94.00% YoY).
The current directors of Facor Steels are:
- Vinodkumar Vithaldasji Saraf - Managing Director
- Champaka Rangachari - Director
- Narayan Das Saraf - Director
- Keshaorao Atmaram Pardhi - Director
- Anand Sadashiv Kapre - Director
- Mohandas Adige Shenoy - Director
- Mahendra Bhawanji Thaker - Director
- Anurag Murlidharji Saraf - Director
The CIN (Corporate Identification Number) of Facor Steels is L27100MH2004PLC146283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Facor Steels is a listed company.