Ma Amba Sponge Iron Limited
About Ma Amba Sponge Iron Limited
Data last updated:
Ma Amba Sponge Iron Limited was a public limited company based in Bankura, West Bengal, India, operated as a subsidiary of Gm Iron & Steel Company Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 05 June 2003.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U27102WB2003PLC096334. Its GSTIN is 19AADCM6129J1Z7 (West Bengal).
The company had an authorised share capital of ₹40 Cr and a paid-up capital of ₹21.6 Cr. It was formerly known as Ma Amba Sponge Iron Private Limited. It was led by directors including Sanjeeb Kumar Bose (Managing Director) and Manish Kumar Singh.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Vill – Jemua P.O. Mejia, Bankura, West Bengal, India – 722143.
As per the financials filed for FY 2021, the company reported a revenue of ₹62.77 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹1.94 Cr (net margin 3.1%) and EBITDA of ₹4.09 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 5% over five years.
The company had about 238 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹24.2 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹13.65 Cr; the latest was in March 2017. Its 6 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 2 smaller; the largest is P P S Steels Kerala Private Limited with revenue of ₹63.14 Cr.
Company details
CIN history
Ma Amba Sponge Iron has one previous CIN (Corporate Identification Number): U27102WB2003PTC096334. The current CIN is U27102WB2003PLC096334, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27102WB2003PLC096334 | Current |
| U27102WB2003PTC096334 | Previous |
Contact details
Ma Amba Sponge Iron Limited's registered office is in Bankura, West Bengal. Its e-mail address is in the company report.
- Email
- Registered AddressVill – Jemua P.O. Mejia, Bankura, West Bengal, India – 722143
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Ma Amba Sponge Iron 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 Ma Amba Sponge Iron 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 Ma Amba Sponge Iron Limited, buy the company report.
Financials of Ma Amba Sponge Iron Limited
FY 2021 filings availableMa Amba Sponge Iron Limited reported revenue of ₹62.77 Cr (down 21% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 408% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹62.77 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.94 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | 3.1% | ||||
| 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 Ma Amba Sponge Iron Limited, buy the company report.
Board of directors of Ma Amba Sponge Iron Limited
Ma Amba Sponge Iron has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Kumar Singh | Director | 19 Nov 2020 | 5 Years 11 Months | As last reported |
| Ayan Mukherjee | Director | 01 Apr 2016 | 10 Years 6 Months | As last reported |
| Sanjeeb Kumar Bose Also directs: Padhas Hydel Projects Private Limited | Managing Director | 09 Jun 2017 | 9 Years 4 Months | As last reported |
Peer comparison
Ma Amba Sponge Iron Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| P P S Steels Kerala Private Limited | ₹63.14 Cr (FY 2024) | -19.0% | Palakkad, Kerala, India | |||
| Radiant Cement Co Pvt Ltd | ₹62.88 Cr (FY 2025) | 15.0% | Himachal Pradesh, India | |||
| Shiv Shambhu Iron & Steel Private Limited | ₹62.85 Cr (FY 2025) | 8.0% | Jamshedpur, Jharkhand, India | |||
| R.P. Alloys and Steel Forgings Private Limited | ₹62.77 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Ma Amba Sponge Iron Limitedthis company | ₹62.77 Cr (FY 2021) | ₹1.94 Cr | 3.1% | -21.0% | 238 | Bankura, West Bengal, India |
| Sabari Alloys & Metals India Private Limited | ₹62.34 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Pioneer Torsteel Mills Private Limited | ₹62.32 Cr (FY 2022) | 1041.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Ma Amba Sponge Iron Limited, buy the company report.
Auditor
Ma Amba Sponge Iron Limited is audited by G C BAFNA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G C BAFNA & CO | FY 2021 | 319104E |
Shareholding
The shareholding of Ma Amba Sponge Iron Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ma Amba Sponge Iron Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 2010 | 10221159 | Idbi Bank Limited | ₹9 Cr | Satisfied | |
| 08 Dec 2004 | 90254499 | Central Bank of India | ₹5.25 Cr | Satisfied | |
| 20 Feb 2004 | 80010085 | Central Bank of India | ₹9.95 Cr | Satisfied |
To see the full charge records of Ma Amba Sponge Iron Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Ma Amba Sponge Iron Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹13.65 Cr; the latest was in March 2017.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: GM Iron & Steel Company Limited , Jagdamba Industries Limited , 2 individuals Seller: Prabha Vinimoy Private Limited, 3 individuals |
| Oct 2009 | Secondary share transfer | Undisclosed | Buyer: Jagdamba Industries Limited , Gaurav Enterprises Pvt Ltd Seller: Shoka Tradelink Pvt Ltd , Prime Vyapaar Private Limited |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Gaurav Enterprises Pvt Ltd, 3 individuals Seller: Supriya Fincom Private Limited , Wipro Suppliers Pvt Ltd , Chakan Tracon Pvt Ltd |
| Mar 2009 | Funding round | ₹3.5 Cr | Investors: Prime Vyapaar Private Limited, Priyamvada Finvest Pvt Ltd , Jugmug Commercial Private Limited |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: Chakan Tracon Pvt Ltd Seller: Ratna Nandan Commercials Pvt Ltd , Supriya Fincom Private Limited |
To see the full deal history of Ma Amba Sponge Iron Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ma Amba Sponge Iron Limited has 5 court cases on record: 4 filed by Ma Amba Sponge Iron, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 0 |
Cases on record (2 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Ors | Disposed |
| High Court | Tax appeal | Filed against the company by Commissioner of Income Tax, Central-Iii, Kolkata | Disposed |
To see the full case history of Ma Amba Sponge Iron 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
Ma Amba Sponge Iron Limited was last rated by Crisil on 15 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Mar 2021 |
To see the full credit ratings and regulatory alerts of Ma Amba Sponge Iron Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ma Amba Sponge Iron Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ma Amba Sponge Iron Limited has a workforce of 238 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Ma Amba Sponge Iron has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCM6129J1Z7 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ma Amba Sponge Iron Limited, buy the company report.
Recent activity
Ma Amba Sponge Iron Limited has 11 board changes on record since 2013: 3 appointments and 8 cessations. The latest: Manish Kumar Singh ceased to be Additional Director on 31 Dec 2020.
10 earlier events are in the company report.
Frequently asked questions
Ma Amba Sponge Iron has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ma Amba Sponge Iron was a public limited company based in Bankura, West Bengal, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 05 June 2003 and is registered under CIN U27102WB2003PLC096334. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ma Amba Sponge Iron was incorporated on 05 June 2003. It is registered with the Registrar of Companies, Kolkata.
Ma Amba Sponge Iron had 3 directors:
- Sanjeeb Kumar Bose - Managing Director
- Manish Kumar Singh - Director
- Ayan Mukherjee - Director
The CIN (Corporate Identification Number) of Ma Amba Sponge Iron is U27102WB2003PLC096334. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ma Amba Sponge Iron is at Vill – Jemua P.O. Mejia, Bankura, West Bengal, India – 722143.
The latest financial statements of Ma Amba Sponge Iron on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Ma Amba Sponge Iron is 19AADCM6129J1Z7, registered in West Bengal.
Ma Amba Sponge Iron operated in the metals and minerals industry, in the steel manufacturing and processing segment.
Ma Amba Sponge Iron has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹13.65 Cr; the latest was in March 2017.
The peers of Ma Amba Sponge Iron by revenue are P P S Steels Kerala Private Limited, Radiant Cement Co Pvt Ltd, Shiv Shambhu Iron & Steel Private Limited, R.P. Alloys and Steel Forgings Private Limited, Sabari Alloys & Metals India Private Limited and 1 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).