Forgings Private Limited
About Forgings Private Limited
Data last updated:
Forgings Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Dd Real Estates Pvt. Limited. 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 metal foundry and fabrication services segment of the engineering sector. It was incorporated on 18 April 1960.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U13209DL1960PTC003211. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.05 Cr. It is led by directors including Hari Narayan Yadav and Satyendra Kumar Thakur.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 226 Basement Cabin No.C Right Side Sant Nagar Eas Of Kailash, New Delhi, Delhi, India – 110065.
As per the financials filed for FY 2016, the company reported a revenue of ₹23.52 Lakh, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹4.08 Cr and EBITDA of ₹22.59 Lakh (EBITDA margin 96.1%).
As per MCA filings, the company has open charges of ₹25.81 Cr and satisfied charges of ₹102.59 Cr on record. Court records list 333 cases involving the company, including 126 filed by the company and 208 filed against it; 64 cases are pending.
Company details
CIN history
Forgings has one previous CIN (Corporate Identification Number): U13209DL1960PLC003211. The current CIN is U13209DL1960PTC003211, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U13209DL1960PTC003211 | Current |
| U13209DL1960PLC003211 | Previous |
Contact details
Forgings 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 Address226 Basement Cabin No.C Right Side Sant Nagar Eas Of Kailash, New Delhi, Delhi, India – 110065
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Forgings 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 Forgings is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
Financials of Forgings Private Limited
FY 2016 filings availableForgings Private Limited reported revenue of ₹23.52 Lakh (down 71% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 71% in the latest year. EBITDA rose 64% 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 | ₹23.52 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹22.59 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4.08 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 96.1% | |
| 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 Forgings Private Limited, buy the company report.
Board of directors of Forgings Private Limited
Forgings has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hari Narayan Yadav Also directs: Feudal Solutions Private Limited, Prophecy Advisors Private Limited, Ingenious Mentors Private Limited and 3 more | Director | 10 Jul 2017 | 9 Years 3 Months | As last reported |
| Karan Gambhir Also directs: Sgsons Securities Advisors LLP, D D Industrial Private Limited, DD Motocorp Private Limited and 4 more | Additional Director | 10 Mar 2018 | 8 Years 7 Months | As last reported |
| Satyendra Kumar Thakur Also directs: Feudal Solutions Private Limited, Prophecy Advisors Private Limited, Ingenious Mentors Private Limited and 3 more | Director | 19 Aug 2017 | 9 Years 2 Months | As last reported |
Auditor
Forgings Private Limited is audited by BRIJ K SINGAL & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRIJ K SINGAL & CO | FY 2016 | 001254N |
Shareholding
The shareholding of Forgings Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Forgings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2015 | 10559218 | Others | ₹25.81 Cr | Open | |
| 20 Apr 2010 | 10223148 | Indiabulls Financial Services Limited | ₹25 Cr | Satisfied | |
| 31 Dec 2007 | 10082107 | Indiabulls Housing Finance Limited | ₹47.59 Cr | Satisfied | |
| 23 May 2006 | 10005821 | Punjab National Bank | ₹30 Cr | Satisfied |
To see the full charge records of Forgings Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Forgings Private Limited has 333 court cases on record: 126 filed by Forgings, 208 filed against it. 64 cases are pending and 269 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 228 | 148 | 43 |
| High courts | 79 | 39 | 19 |
| Supreme Court | 22 | 17 | 1 |
| NCLAT | 3 | 3 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 333)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Appeal | Filed against the company by Icici Bank Limited M/S.Shivakumar and Suresh and 2 others | Pending |
| High Court, HARYANA | Appeal | Filed by the company against M/S Pivotal Infrastructure Pvt. Ltd. and Ors. and 3 others | Pending |
| District court, East Godavari, Andhra Pradesh | Civil suit | Filed by the company against Messers Vybra Automet Limited Rep by Managing Director | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Nagarjuna Oil Corporation Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Manager, Axis Bank Limited and 4 others | Disposed |
To see the full case history of Forgings 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 Forgings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Forgings has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Forgings Private Limited, buy the company report.
Recent activity
Forgings Private Limited has 12 board changes on record since 2012: 3 appointments and 9 cessations. The latest: Karan Gambhir was appointed as Additional Director on 10 Mar 2018.
12 earlier events are in the company report.
Frequently asked questions
Forgings 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.
Forgings is a company under liquidation, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 18 April 1960 and is registered under CIN U13209DL1960PTC003211. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Forgings has 3 current directors:
- Hari Narayan Yadav - Director
- Karan Gambhir - Additional Director
- Satyendra Kumar Thakur - Director
The latest financial statements of Forgings on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Forgings is U13209DL1960PTC003211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forgings has open charges of ₹25.81 Cr and satisfied charges of ₹102.59 Cr as per latest MCA filings.
Forgings has 333 court cases on record: 126 filed by the company and 208 filed against it. 64 are pending. Most are in the district courts.
Forgings was incorporated on 18 April 1960. It is registered with the Registrar of Companies, Delhi.
Karan Gambhir was appointed as Additional Director on 10 Mar 2018. Hari Narayan Yadav ceased to be Additional Director on 30 Sep 2017. Satyendra Kumar Thakur ceased to be Additional Director on 30 Sep 2017. Forgings has 12 board changes on record in total.
The registered office of Forgings is at 226 Basement Cabin No.C Right Side Sant Nagar Eas Of Kailash, New Delhi, Delhi, India – 110065.