Inesh Accerro Limited
About Inesh Accerro Limited
Data last updated:
Inesh Accerro Limited is a public limited company based in Mumbai, Maharashtra, 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 metals retail and distribution segment of the metals and mining sector. It was incorporated on 01 May 2013.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH2013PLC242759. Its GSTIN is 27AALCA5556B1ZQ (Maharashtra). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹4.2 Cr. It was formerly known as Aastha Acerro Limited. It is led by directors including Ajay Singh Chauhan and Rajiv Ranjan.
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 Unit No. 404 Main Frame Royal Palm Estate Nr. Aarey Colony Goregaon (East), Mumbai, Maharashtra, India – 400065.
As per the financials filed for FY 2019, the company reported a revenue of ₹250.64 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹13.01 Cr (net margin -5.2%) and EBITDA of -₹12.89 Cr (EBITDA margin -5.1%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years.
As per MCA filings, the company has open charges of ₹35 Lakh on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 2 cases are pending.
Company details
Contact details
Inesh Accerro Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUnit No. 404 Main Frame Royal Palm Estate Nr. Aarey Colony Goregaon (East), Mumbai, Maharashtra, India – 400065
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Inesh Accerro 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 Inesh Accerro is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Inesh Accerro Limited, buy the company report.
Financials of Inesh Accerro Limited
FY 2019 filings availableInesh Accerro Limited reported revenue of ₹250.64 Cr (down 71% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 71% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA rose 4% 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 | ₹250.64 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹12.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.01 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.1% | ||||
| Net Profit Margin | -5.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Inesh Accerro Limited, buy the company report.
Board of directors of Inesh Accerro Limited
Inesh Accerro has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Ranjan Also directs: Garamond Technologies Private Limited | Additional Director | 21 Dec 2015 | 10 Years 10 Months | As last reported |
| Ajay Singh Chauhan Also directs: Maa Pateshwari Coal Private Limited | Director | 11 Nov 2014 | 11 Years 11 Months | As last reported |
| Bipin Jha | Additional Director | 27 Jun 2017 | 9 Years 3 Months | As last reported |
Peer comparison
Inesh Accerro Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| BMP Steels Private Limited | ₹251.54 Cr (FY 2025) | 177.0% | Gummidipoondi, Tamil Nadu, India | |||
| Anil Krishna Steel Private Limited | ₹251.35 Cr (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Inesh Accerro Limitedthis company | ₹250.64 Cr (FY 2019) | -₹13.01 Cr | -5.2% | -71.0% | Mumbai, Maharashtra, India | |
| Laxmiraj Distributors Private Limited | ₹250.52 Cr (FY 2025) | -7.0% | Vadodara, Gujarat, India | |||
| SB Metals Private Limited | ₹249 Cr (FY 2016) | -16.0% | Hyderabad, Telangana, India | |||
| Shakambhari Enterprises Private Limited | ₹247.48 Cr (FY 2025) | 22.0% | Kolkata, West Bengal, India | |||
| Shivkamal Steel Enterprises Private Limited | ₹246.86 Cr (FY 2025) | 12.0% | Delhi, India | |||
| Amit Mines Private Limited | ₹246.51 Cr (FY 2025) | -5.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Inesh Accerro Limited, buy the company report.
Auditor
Inesh Accerro Limited is audited by MUKESH M CHOKSI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKESH M CHOKSI & CO | FY 2019 | 131513W |
Shareholding
The shareholding of Inesh Accerro 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 Inesh Accerro Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jul 2016 | 100071575 | Vijaya Bank | ₹35 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Inesh Accerro Limited has 5 court cases on record: 3 filed by Inesh Accerro, 2 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 3 | 0 | 0 |
| District courts | 2 | 2 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company against Forward Exports Private Limited and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed against the company by Shri Ajay Kumar Directorate General of Goods and Services Tax | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed against the company | Pending |
| NCLT, Mumbai | Insolvency matter | Filed by the company against individuals | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Inesh Accerro 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 Inesh Accerro Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Inesh Accerro has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCA5556B1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Inesh Accerro Limited, buy the company report.
Recent activity
Inesh Accerro Limited has 9 board changes on record since 2014: 3 appointments and 6 cessations. The latest: Venkatagiri Shaik Azmathulla ceased to be Additional Director on 03 Jul 2017.
1 earlier event is in the company report.
Frequently asked questions
Inesh Accerro 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.
Inesh Accerro is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 01 May 2013 and is registered under CIN U27100MH2013PLC242759. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Inesh Accerro has 3 current directors:
- Rajiv Ranjan - Additional Director
- Ajay Singh Chauhan - Director
- Bipin Jha - Additional Director
The latest financial statements of Inesh Accerro 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 Inesh Accerro is U27100MH2013PLC242759. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inesh Accerro has open charges of ₹35 Lakh and no satisfied charges on record as per latest MCA filings.
Inesh Accerro has 5 court cases on record: 3 filed by the company and 2 filed against it. 2 are pending. Most are in the nclt.
Inesh Accerro was incorporated on 01 May 2013. It is registered with the Registrar of Companies, Mumbai.
The peers of Inesh Accerro by revenue are BMP Steels Private Limited, Anil Krishna Steel Private Limited, Laxmiraj Distributors Private Limited, SB Metals Private Limited, Shakambhari Enterprises Private Limited and 2 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Venkatagiri Shaik Azmathulla ceased to be Additional Director on 03 Jul 2017. Bipin Jha was appointed as Additional Director on 27 Jun 2017. Kishangopal Ghanshamdas Jhawar ceased to be Director on 21 Dec 2015. Inesh Accerro has 9 board changes on record in total.
The registered office of Inesh Accerro is at Unit No. 404 Main Frame Royal Palm Estate Nr. Aarey Colony Goregaon East, Mumbai, Maharashtra, India – 400065.