KVR Steels Orissa Ltd
About KVR Steels Orissa Ltd
Data last updated:
KVR Steels Orissa Ltd is a public limited company based in Balasore, Odisha, 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 steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 09 April 1987.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27104OR1987PLC001824. Its GSTIN is 21AADCK0047R1ZJ (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3.2 Cr and a paid-up capital of ₹2.61 Cr. It is led by directors including Vinod Agarwal and Rajesh Kumar Agrawal (Irp/Rp/Liquidator).
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 Baruan Shegarh, Balasore, Odisha, India – 756060.
As per the financials filed for FY 2022, the company reported a revenue of ₹92.02 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹21.36 Lakh (net margin -23.2%) and EBITDA of -₹14,933 (EBITDA margin -0.2%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8 Cr and satisfied charges of ₹1.17 Cr on record. Court records list 12 cases involving the company, including 10 filed by the company and 2 filed against it; 3 cases are pending.
Company details
Contact details
KVR Steels Orissa Ltd's registered office is in Balasore, Odisha. Its e-mail address is in the company report.
- Email
- Registered AddressBaruan Shegarh, Balasore, Odisha, India – 756060
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of KVR Steels Orissa 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 KVR Steels Orissa 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 KVR Steels Orissa Ltd, buy the company report.
Financials of KVR Steels Orissa Ltd
FY 2023 filings availableKVR Steels Orissa Ltd reported revenue of ₹92.02 Lakh (up 58989% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years. EBITDA rose 63% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹14,933 | ||||
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| Net Profit (PAT) | -₹21.36 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | -0.2% | ||||
| Net Profit Margin | -23.2% | ||||
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To see the full financial statements and ratios of KVR Steels Orissa Ltd, buy the company report.
Board of directors of KVR Steels Orissa Ltd
KVR Steels Orissa has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Agarwal Also directs: Champack Marketing LLP, Green Belt Agro Trading LLP, Tirupati Technologies LLP and 5 more | Director | 09 Apr 1987 | 39 Years 6 Months | As last reported |
| Rajesh Kumar Agrawal Also directs: Excel Restructuring Advisory LLP, Victory Maintenance Services P Ltd, Nocil Mercantile Pvt Ltd and 4 more | Irp/Rp/Liquidator | 12 Jan 2024 | 2 Years 9 Months | As last reported |
| Chansal Gogoi Also directs: Ghoramara Tea Estate & Enterprise Private Limited | Director | 30 Sep 2019 | 7 Years 0 Months | As last reported |
| Jaideep Singh Bedi | Director | 25 Mar 2022 | 4 Years 6 Months | As last reported |
Auditor
KVR Steels Orissa Ltd is audited by UTTAM AGARWAL & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UTTAM AGARWAL & ASSOCIATES | FY 2021 | 322455E |
Shareholding
The shareholding of KVR Steels Orissa Ltd is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of KVR Steels Orissa Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2009 | 10175586 | Allahabad Bank | ₹8 Cr | Open | |
| 22 Dec 1987 | 80025835 | Industrial Promotion and Investment Corporation of Orissa Ltd | ₹76.5 Lakh | Satisfied | |
| 22 Dec 1987 | 80025834 | Orissa State Financial Corporation Limited | ₹40 Lakh | Satisfied |
To see the full charge records of KVR Steels Orissa Ltd, buy the company report.
Total charge records: 3 View all charges
Legal cases
KVR Steels Orissa Ltd has 12 court cases on record: 10 filed by KVR Steels Orissa, 2 filed against it. 3 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 1 | 2 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Cuttack | Insolvency matter | Filed against the company by Indian Bank | Pending |
| High Court, West Bengal | Writ petition | Filed by the company against Indian Bank (Erstwhile Allahabad Bank) and Ors and Ors | Pending |
| High Court, West Bengal | Civil suit | Filed by the company against Allahabad Bank | Pending |
| High Court, West Bengal | Court case (MAT) | Filed by the company against Indian Bank Erstwhile Allahabad Bank ) and Ors | Disposed |
| High Court, West Bengal | Writ petition | Filed by the company against Indian Bank and Ors | Disposed |
To see the full case history of KVR Steels Orissa 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 KVR Steels Orissa Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
KVR Steels Orissa Ltd has a workforce of 1 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
KVR Steels Orissa has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AADCK0047R1ZJ | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of KVR Steels Orissa Ltd, buy the company report.
Recent activity
KVR Steels Orissa Ltd has 12 board changes on record since 1987: 4 appointments and 8 cessations. The latest: Rajesh Kumar Agrawal was appointed as Irp/Rp/Liquidator on 12 Jan 2024.
9 earlier events are in the company report.
Frequently asked questions
KVR Steels Orissa 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.
KVR Steels Orissa is a company under insolvency, formerly operating as a public limited company based in Balasore, Odisha, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 09 April 1987 and is registered under CIN U27104OR1987PLC001824. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
KVR Steels Orissa has 4 current directors:
- Vinod Agarwal - Director
- Chansal Gogoi - Director
- Jaideep Singh Bedi - Director
- Rajesh Kumar Agrawal - Irp/Rp/Liquidator
The latest financial statements of KVR Steels Orissa 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 CIN (Corporate Identification Number) of KVR Steels Orissa is U27104OR1987PLC001824. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
KVR Steels Orissa has open charges of ₹8 Cr and satisfied charges of ₹1.17 Cr as per latest MCA filings.
KVR Steels Orissa has 12 court cases on record: 10 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
KVR Steels Orissa was incorporated on 09 April 1987. It is registered with the Registrar of Companies, Cuttack.
Rajesh Kumar Agrawal was appointed as Irp/Rp/Liquidator on 12 Jan 2024. Jaideep Singh Bedi was appointed as Director on 25 Mar 2022. Shyam Bihari Singh ceased to be Director on 25 Mar 2022. KVR Steels Orissa has 12 board changes on record in total.
The registered office of KVR Steels Orissa is at Baruan Shegarh, Balasore, Odisha, India – 756060.