About Gilco Steels Limited
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Gilco Steels Limited is a public limited company based in Chandigarh, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 29 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27107CH2008PLC031407. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5.25 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Saral Gill and Ramesh Walia.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Semi Industrial Shop No S1 – 91 Industrial Area Phase II, Chandigarh, India – 160102.
As per the financials filed for FY 2017, the company reported a revenue of ₹7.4 Lakh, a growth of 23% compared to the previous year. For the same year it recorded a net loss of ₹1.52 Cr and EBITDA of ₹7.2 Lakh (EBITDA margin 97.3%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years.
As per MCA filings, the company has open charges of ₹41.17 Cr on record. Court records list 36 cases involving the company, including 20 filed by the company and 16 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website gilcosteel.com.
Company details
Contact details
Gilco Steels Limited's registered office is in Chandigarh, Chandigarh. Its website is gilcosteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSemi Industrial Shop No S1 – 91 Industrial Area Phase II, Chandigarh, India – 160102
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Gilco Steels 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 Gilco Steels 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 Gilco Steels Limited, buy the company report.
Financials of Gilco Steels Limited
FY 2017 filings availableGilco Steels Limited reported revenue of ₹7.4 Lakh (up 23% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 23% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 69%. EBITDA rose 32% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹7.4 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹7.2 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.52 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 97.3% | ||
| 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 Gilco Steels Limited, buy the company report.
Board of directors of Gilco Steels Limited
Gilco Steels has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saral Gill | Director | 29 Oct 2008 | 17 Years 11 Months | Current |
| Ramesh Walia | Director | 20 Dec 2010 | 15 Years 10 Months | Current |
| Surinder Gill | Director | 29 Oct 2008 | 17 Years 11 Months | Current |
Auditor
Gilco Steels Limited is audited by NAGPAL AMAN & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAGPAL AMAN & ASSOCIATES | FY 2017 | 020667N |
Shareholding
The shareholding of Gilco Steels Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Gilco Steels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2012 | 10340067 | Punjab National Bank | ₹68.75 Lakh | Open | |
| 06 Jan 2012 | 10331485 | Punjab National Bank | ₹4 Cr | Open | |
| 13 Sep 2011 | 10309864 | Punjab National Bank | ₹24.69 Lakh | Open | |
| 23 Nov 2009 | 10187441 | Uco Bank | ₹36.24 Cr | Open |
To see the full charge records of Gilco Steels Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Gilco Steels Limited has 36 court cases on record: 20 filed by Gilco Steels, 16 filed against it. 3 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 12 | 3 |
| District courts | 9 | 4 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Execution petition | Filed against the company by Hindustan Hydraulics Private Limited | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against Ms Archon Engicon Pvt Ltd. and Others | Disposed |
| District court, Jalandhar, Punjab | Civil suit | Filed against the company by Ms. Hindustan Hydraulics Private Ltd. | Disposed |
| High Court, HIMACHAL PRADESH | Writ petition | Filed by the company against Uco Bank(Not Applicable) and 2 others | Pending |
| High Court, HIMACHAL PRADESH | Interim or miscellaneous application | Filed by the company against Uco Bank(Not Applicable) | Pending |
To see the full case history of Gilco Steels 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 Gilco Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gilco Steels has 3 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 Gilco Steels Limited, buy the company report.
Recent activity
Gilco Steels Limited has 5 board changes on record since 2008: 3 appointments and 2 cessations. The latest: Ramesh Walia ceased to be Additional Director on 30 Sep 2011.
2 earlier events are in the company report.
Frequently asked questions
Gilco Steels is an active public limited company based in Chandigarh, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 29 October 2008 (18+ years old) and is registered under CIN U27107CH2008PLC031407.
Gilco Steels has 3 current directors:
- Saral Gill - Director
- Ramesh Walia - Director
- Surinder Gill - Director
The latest financial statements of Gilco Steels on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Gilco Steels has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Gilco Steels is U27107CH2008PLC031407. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gilco Steels has 36 court cases on record: 20 filed by the company and 16 filed against it. 3 are pending. Most are in the high courts.
Gilco Steels was incorporated on 29 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chandigarh.
Ramesh Walia ceased to be Additional Director on 30 Sep 2011. Ramesh Walia was appointed as Director on 20 Dec 2010. Sahir Gill ceased to be Director on 20 Dec 2010. Gilco Steels has 5 board changes on record in total.
Gilco Steels can be reached through the website gilcosteel.com. Its registered office is in Chandigarh, India.
The registered office of Gilco Steels is at Semi Industrial Shop No S1 – 91 Industrial Area Phase II, Chandigarh, India – 160102.