Indian Mining Works Private Limited
About Indian Mining Works Private Limited
Data last updated:
Indian Mining Works Private Limited is a private limited company based in Kolkata, West Bengal, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 05 July 2005.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U13209WB2005PTC104026. Its GSTIN is 19AABCI3826Q1Z1 (West Bengal). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Sushil Kumar Agarwala and Akhilesh Shankar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 234/3A A.J.C.Bose Road Fmc Fortuna Unit A7 3rd Floor, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2019, the company reported a revenue of ₹79.81 Lakh, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹1.26 Cr (net margin -158.4%) and EBITDA of ₹1.82 Lakh (EBITDA margin 2.3%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹41.31 Cr and satisfied charges of ₹21.18 Cr on record. Court records list 61 cases involving the company, including 9 filed by the company and 52 filed against it; 16 cases are pending.
Company details
Contact details
Indian Mining Works Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address234/3A A.J.C.Bose Road Fmc Fortuna Unit A7 3rd Floor, Kolkata, West Bengal, India – 700020
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Indian Mining Works 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 Indian Mining Works is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of Indian Mining Works Private Limited, buy the company report.
Financials of Indian Mining Works Private Limited
FY 2019 filings availableIndian Mining Works Private Limited reported revenue of ₹79.81 Lakh (down 92% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 69% over three years, including a 92% fall in the latest year. EBITDA rose 104% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹79.81 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.82 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.26 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | -158.4% | ||||
| 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 Indian Mining Works Private Limited, buy the company report.
Board of directors of Indian Mining Works Private Limited
Indian Mining Works has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akhilesh Shankar | Additional Director | 30 Apr 2019 | 7 Years 6 Months | As last reported |
| Sushil Kumar Agarwala | Director | 14 Oct 2005 | 21 Years 0 Months | As last reported |
Peer comparison
Indian Mining Works Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Mining), with the same principal business activity (other mining & quarrying activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ashirbad Real Estate & Transport Pvt Ltd | ₹80.34 Lakh (FY 2023) | -88.0% | Burdwan, West Bengal, India | |||
| Assam Marbles Limited | ₹80.24 Lakh (FY 2025) | 64.0% | Rajsamand, Rajasthan, India | |||
| Indian Mining Works Private Limitedthis company | ₹79.81 Lakh (FY 2019) | -₹1.26 Cr | -158.4% | -92.0% | 1 | Kolkata, West Bengal, India |
| Sqny Stones Private Limited | ₹79.49 Lakh (FY 2023) | 6.0% | Virudhu Nagar Dt, Tamil Nadu, India |
To see the full peer comparison of Indian Mining Works Private Limited, buy the company report.
Auditor
Indian Mining Works Private Limited is audited by PATNI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATNI & CO | FY 2019 | 320304E |
Shareholding
The shareholding of Indian Mining Works Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Indian Mining Works Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2016 | 100087604 | Others | ₹5 Cr | Open | |
| 02 Apr 2015 | 10574857 | Srei Equipment Finance Limited | ₹4.53 Cr | Open | |
| 01 Aug 2013 | 10440840 | L & T Finance Limited | ₹1.8 Cr | Open | |
| 26 Mar 2012 | 10349414 | Tata Motors Finance Limited | ₹23.87 Lakh | Open | |
| 26 Mar 2012 | 10349913 | Tata Motors Finance Limited | ₹23.87 Lakh | Open |
To see the full charge records of Indian Mining Works Private Limited, buy the company report.
Total charge records: 41 View all charges
Legal cases
Indian Mining Works Private Limited has 61 court cases on record: 9 filed by Indian Mining Works, 52 filed against it. 16 cases are pending and 45 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 52 | 47 | 15 |
| High courts | 9 | 5 | 1 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Ltd. | Pending |
| High Court | Court case (EC) | Filed against the company by Tata Motors Finance Limited Sinha & Co. | Pending |
| High Court, West Bengal | Court case (EC) | Filed against the company by Srei Equipment Finance Limited M/S. R. N. Ghose and Co. | Disposed |
| High Court, West Bengal | Arbitration matter | Filed by the company against Srei Equipment Finance Ltd | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed by the company against Srei Equipment Finance Ltd. | Disposed |
To see the full case history of Indian Mining Works 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 Indian Mining Works Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Indian Mining Works has 2 joint ventures. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
Employees & EPFO
Indian Mining Works Private Limited has a workforce of 1 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Indian Mining Works has 7 GST registrations: 4 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCI3826Q1Z1 | West Bengal | Active | 01 Jul 2017 |
| 19AABCI3826Q2Z0 | West Bengal | Active | 12 Oct 2017 |
| 19AABCI3826Q3ZZ | West Bengal | Active | 30 Mar 2021 |
| 20AABCI3826Q2ZH | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indian Mining Works Private Limited, buy the company report.
Recent activity
Indian Mining Works Private Limited has 8 board changes on record since 2005: 2 appointments and 6 cessations. The latest: Akhilesh Shankar was appointed as Additional Director on 30 Apr 2019.
47 earlier events are in the company report.
Frequently asked questions
Indian Mining Works is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Indian Mining Works is a company under insolvency, formerly operating as a private limited company based in Kolkata, West Bengal, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 05 July 2005 and is registered under CIN U13209WB2005PTC104026. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Indian Mining Works has 2 current directors:
- Akhilesh Shankar - Additional Director
- Sushil Kumar Agarwala - Director
The latest financial statements of Indian Mining Works on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Indian Mining Works is U13209WB2005PTC104026. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian Mining Works has open charges of ₹41.31 Cr and satisfied charges of ₹21.18 Cr as per latest MCA filings.
Indian Mining Works has 61 court cases on record: 9 filed by the company and 52 filed against it. 16 are pending. Most are in the district courts.
Indian Mining Works was incorporated on 05 July 2005. It is registered with the Registrar of Companies, Kolkata.
The peers of Indian Mining Works by revenue are Ashirbad Real Estate & Transport Pvt Ltd, Assam Marbles Limited, Sqny Stones Private Limited, all in the Metals and Minerals industry (Mining), with the same principal business activity (other mining & quarrying activities).
Akhilesh Shankar was appointed as Additional Director on 30 Apr 2019. Ankit Agarwal ceased to be Director on 30 Apr 2019. Shrawan Kumar Poddar ceased to be Additional Director on 01 Aug 2017. Indian Mining Works has 8 board changes on record in total.
The registered office of Indian Mining Works is at 2343A A.J.C.Bose Road Fmc Fortuna Unit A7 3rd Floor, Kolkata, West Bengal, India – 700020.
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