G.R.S. Ispat Company Private Limited
About G.R.S. Ispat Company Private Limited
Data last updated:
G.R.S. Ispat Company Private Limited is a private limited company based in New Delhi, Delhi, 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 operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 21 November 1995.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1995PTC074029. 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 ₹2.26 Cr. It was formerly known as Asand Construction Company Private Limited and Solo Farms Private Limited. It is led by directors Jawahar Singh Saroha and Saket Saroha.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Pu – 108 Pitampura, New Delhi, Delhi, India – 110034.
As per the financials filed for FY 2018, the company reported a revenue of ₹106 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹6.45 Lakh (net margin 0.1%) and EBITDA of ₹2.35 Cr (EBITDA margin 2.2%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
As per MCA filings, the company has open charges of ₹17.25 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending. The company has 4 deals on record (2 rights issues, 2 funding rounds), with disclosed funding of ₹3.11 Cr; the latest was in March 2015.
Company details
Name history
G.R.S. Ispat Company has undergone 2 name changes throughout its history. The company was previously known as Asand Construction Company Private Limited, and Solo Farms Private Limited. The current legal name is G.R.S. Ispat Company Private Limited.
| Company Name | Status |
|---|---|
| G.R.S. Ispat Company Private Limited | Current |
| Asand Construction Company Private Limited | Previous |
| Solo Farms Private Limited | Previous |
Contact details
G.R.S. Ispat Company Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered AddressPu – 108 Pitampura, New Delhi, Delhi, India – 110034
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of G.R.S. Ispat Company 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 G.R.S. Ispat Company is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of G.R.S. Ispat Company Private Limited, buy the company report.
Financials of G.R.S. Ispat Company Private Limited
FY 2018 filings availableG.R.S. Ispat Company Private Limited reported revenue of ₹106 Cr (down 9% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over three years, including a 9% fall in the latest year. EBITDA fell 2% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹106 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2.35 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹6.45 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.2% | |||
| Net Profit Margin | 0.1% | |||
| 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 G.R.S. Ispat Company Private Limited, buy the company report.
Board of directors of G.R.S. Ispat Company Private Limited
G.R.S. Ispat Company has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saket Saroha | Additional Director | 26 Dec 2012 | 13 Years 10 Months | As last reported |
| Jawahar Singh Saroha | Director | 08 Aug 1998 | 28 Years 2 Months | As last reported |
Auditor
G.R.S. Ispat Company Private Limited is audited by YASHAVANT ANIL RAJSHREE & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| YASHAVANT ANIL RAJSHREE & ASSOCIATES | FY 2018 | 126695W |
Shareholding
The shareholding of G.R.S. Ispat Company Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of G.R.S. Ispat Company Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2013 | 10411026 | Corporation Bank | ₹14.75 Cr | Open | |
| 15 May 2009 | 10165218 | State Bank of India | ₹2.5 Cr | Open |
To see the full charge records of G.R.S. Ispat Company Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
G.R.S. Ispat Company Private Limited has 4 deals on record (2 rights issues, 2 funding rounds), with disclosed funding of ₹3.11 Cr; the latest was in March 2015.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Rights issue | ₹56 Lakh | Investors: 2 individuals |
| Mar 2015 | Rights issue | ₹62.8 Lakh | Investors: 4 individuals |
| Mar 2014 | Funding round | ₹1.31 Cr | Investors: Capital Construction Co, 2 individuals |
| Mar 2013 | Funding round | ₹1.8 Cr | Investors: Capital Construction Co, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
G.R.S. Ispat Company Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Cellpap India Pvt. Ltd. | Pending |
| District court, North West, Delhi | Criminal case | Filed against the company by Union Bank of India | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Victorious Exim Pvt. Ltd. Through Vishal Satish Agarwal | Disposed |
To see the full case history of G.R.S. Ispat Company 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.
Credit ratings & regulatory alerts
G.R.S. Ispat Company Private Limited was last rated by Crisil on 19 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Oct 2020 |
To see the full credit ratings and regulatory alerts of G.R.S. Ispat Company Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for G.R.S. Ispat Company Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
G.R.S. Ispat Company 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 G.R.S. Ispat Company Private Limited, buy the company report.
Recent activity
G.R.S. Ispat Company Private Limited has 3 board changes on record since 1998: 2 appointments and 1 cessation. The latest: Rattan Saroha ceased to be Director on 07 Nov 2013.
Frequently asked questions
G.R.S. Ispat Company 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.
G.R.S. Ispat Company is a company under liquidation, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 21 November 1995 and is registered under CIN U74899DL1995PTC074029. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
G.R.S. Ispat Company has 2 current directors:
- Saket Saroha - Additional Director
- Jawahar Singh Saroha - Director
The latest financial statements of G.R.S. Ispat Company on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of G.R.S. Ispat Company is U74899DL1995PTC074029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
G.R.S. Ispat Company has open charges of ₹17.25 Cr and no satisfied charges on record as per latest MCA filings.
G.R.S. Ispat Company has 3 court cases on record: 3 filed against it. 1 is pending.
G.R.S. Ispat Company was incorporated on 21 November 1995. It is registered with the Registrar of Companies, Delhi.
G.R.S. Ispat Company has 4 deals on record (2 rights issues, 2 funding rounds), with disclosed funding of ₹3.11 Cr; the latest was in March 2015.
Rattan Saroha ceased to be Director on 07 Nov 2013. Saket Saroha was appointed as Additional Director on 26 Dec 2012. Jawahar Singh Saroha was appointed as Director on 08 Aug 1998.