About Futuristic Steel Ltd.
Data last updated:
Futuristic Steel Ltd. is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Sungrowth Share & Stocks Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 18 December 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27107WB1995PLC076049. Its GSTIN is 19AAACF3851F1ZR (West Bengal). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹70 Lakh and a paid-up capital of ₹69.68 Lakh. It was formerly known as Futuristic Steel Pvt.Ltd. It is led by directors including Jaydeep Mukherjee and Sachida Nand Thakur.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 14 N S Road 2nd Floor Hare Street, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2022, the company reported a revenue of ₹88.9 Lakh. For the same year it recorded a net loss of ₹63.81 Lakh (net margin -71.8%) and EBITDA of -₹1.19 Cr (EBITDA margin -133.4%).
As per MCA filings, the company has open charges of ₹5,031.07 Cr and satisfied charges of ₹220 Cr on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adhunikgroup.com.
Company details
CIN history
Futuristic Steel has one previous CIN (Corporate Identification Number): U27107WB1995PTC076049. The current CIN is U27107WB1995PLC076049, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27107WB1995PLC076049 | Current |
| U27107WB1995PTC076049 | Previous |
Contact details
Futuristic Steel Ltd.'s registered office is in Kolkata, West Bengal. Its website is adhunikgroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address14 N S Road 2nd Floor Hare Street, Kolkata, West Bengal, India – 700001
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Futuristic Steel 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
Business activity
The main business activity of Futuristic Steel is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Futuristic Steel Ltd., buy the company report.
Financials of Futuristic Steel Ltd.
FY 2023 filings availableFuturistic Steel Ltd. reported revenue of ₹88.9 Lakh for FY 2022.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹88.9 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹63.81 Lakh | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -133.4% | ||||
| Net Profit Margin | -71.8% | ||||
| 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 Futuristic Steel Ltd., buy the company report.
Board of directors of Futuristic Steel Ltd.
Futuristic Steel 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 |
|---|---|---|---|---|
| Jaydeep Mukherjee Also directs: Arena Textiles and Industries Limited, RND Steels Limited | Additional Director | 02 Mar 2019 | 7 Years 7 Months | Current |
| Sachida Nand Thakur Also directs: Chiranjeevi Tradecomm LLP, Kalki Ispat Private Limited | Additional Director | 01 Mar 2022 | 4 Years 7 Months | Current |
| Sushil Kumar Singhal | Additional Director | 01 Jun 2019 | 7 Years 4 Months | Current |
Auditor
Futuristic Steel Ltd. is audited by JAIN SONU AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN SONU AND ASSOCIATES | FY 2022 | 324386E |
Shareholding
The shareholding of Futuristic Steel Ltd. is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Futuristic Steel Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jun 2015 | 10582566 | Sbicap Trustee Company Limited | ₹5,031.07 Cr | Open | |
| 06 Feb 2017 | 100084130 | Others | ₹160 Cr | Satisfied | |
| 20 Jan 2016 | 100016731 | Others | ₹20 Cr | Satisfied | |
| 20 Jan 2016 | 100016739 | Others | ₹40 Cr | Satisfied |
To see the full charge records of Futuristic Steel Ltd., buy the company report.
Total charge records: 4 View all charges
Legal cases
Futuristic Steel Ltd. has 10 court cases on record: 8 filed by Futuristic Steel, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 1 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Arbitration matter | Filed against the company by Orissa Manganese & Minerals Private Ltd. | Disposed |
| High Court | Court case (APO) | Filed by the company against Orissa Manganese & Minerals (P) Ltd. | Disposed |
| High Court | Arbitration matter | Filed by the company against Orissa Manganese & Minerals (P) Ltd. | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by Assessing Officer ,Deputy Commissioner of Income Tax (TDS) Circle - 1 | Disposed |
| High Court | Writ petition | Filed by the company against The Union of India | Disposed |
To see the full case history of Futuristic Steel 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 Futuristic Steel Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Futuristic Steel has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACF3851F1ZR | West Bengal | Active | 01 Jul 2017 |
| 21AAACF3851F2Z5 | Odisha | Active | 13 Jan 2021 |
To see the full GST registrations and return filing status of Futuristic Steel Ltd., buy the company report.
Recent activity
Futuristic Steel Ltd. has 12 board changes on record since 2010: 3 appointments and 9 cessations. The latest: Sachida Nand Thakur was appointed as Additional Director on 01 Mar 2022.
10 earlier events are in the company report.
News
Frequently asked questions
Futuristic Steel is an active public limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 18 December 1995 (31+ years old) and is registered under CIN U27107WB1995PLC076049.
Futuristic Steel has 3 current directors:
- Jaydeep Mukherjee - Additional Director
- Sachida Nand Thakur - Additional Director
- Sushil Kumar Singhal - Additional Director
The latest financial statements of Futuristic Steel on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Futuristic Steel is 19AAACF3851F1ZR, registered in West Bengal. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 21AAACF3851F2Z5 (Odisha).
The CIN (Corporate Identification Number) of Futuristic Steel is U27107WB1995PLC076049. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Futuristic Steel has 10 court cases on record: 8 filed by the company and 2 filed against it. Most are in the high courts.
Futuristic Steel was incorporated on 18 December 1995, making it 31+ years old. It is registered with the Registrar of Companies, Kolkata.
Sachida Nand Thakur was appointed as Additional Director on 01 Mar 2022. Nand Kishore Singhal ceased to be Director on 01 Jun 2019. Sushil Kumar Singhal was appointed as Additional Director on 01 Jun 2019. Futuristic Steel has 12 board changes on record in total.
Futuristic Steel can be reached through the website adhunikgroup.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Futuristic Steel is at 14 N S Road 2nd Floor Hare Street, Kolkata, West Bengal, India – 700001.
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