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About Machine Works (International) Limited
Data last updated:
Machine Works (International) Limited is a public 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 heavy engineering and manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 08 August 1984.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U02720WB1984PLC037812. Its GSTIN is 19AABCM7407P1ZY (West Bengal).
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.35 Cr. It was formerly known as Avadh Heavy Engineering Ltd. It is led by directors including Jugal Kishore Saraff (Managing Director) and Pallavi Jhawar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Motijuj House1 Auckland Place, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.84 Lakh, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹16.59 Lakh and EBITDA of -₹16.59 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 60% over five years.
As per MCA filings, the company has open charges of ₹6.82 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 7 filed against it.
The last known website on record is machineworkintl.com.
Company details
Contact details
Machine Works (International) Limited's registered office is in Kolkata, West Bengal. Its website is machineworkintl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMotijuj House1 Auckland Place, Kolkata, West Bengal, India – 700017
- IndustryMachinery and Equipment, Heavy Engineering & Manufacturing
To see the full contact details of Machine Works (International) 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 Machine Works (International) is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Machine Works (International) Limited, buy the company report.
Financials of Machine Works (International) Limited
FY 2024 filings availableMachine Works (International) Limited reported revenue of ₹1.84 Lakh (down 78% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 60% over five years, including a 78% fall 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹16.59 Lakh | ||||
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| Net Profit (PAT) | -₹16.59 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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To see the full financial statements and ratios of Machine Works (International) Limited, buy the company report.
Board of directors of Machine Works (International) Limited
Machine Works (International) has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jugal Kishore Saraff Also directs: Gorica Auto Ltd. | Managing Director | 08 Aug 1984 | 42 Years 2 Months | As last reported |
| Pallavi Jhawar Also directs: Devvrat Enterprises LLP | Director | 08 May 2017 | 9 Years 5 Months | As last reported |
| Neena Kanoi | Director | 22 Jan 2021 | 5 Years 9 Months | As last reported |
Auditor
Machine Works (International) Limited is audited by J Mandal & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J Mandal & Co | FY 2023 | 302100E |
Shareholding
The shareholding of Machine Works (International) Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Machine Works (International) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2004 | 80026444 | Others | ₹3.26 Cr | Open | |
| 16 Jun 2004 | 90247357 | Others | ₹3.26 Cr | Open | |
| 11 Mar 2004 | 90244768 | M/S J. Thomas Finance Pvt Ltd | ₹30 Lakh | Open |
To see the full charge records of Machine Works (International) Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Machine Works (International) Limited has 9 court cases on record: 2 filed by Machine Works (International), 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 4 | 0 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by Gorica Auto Ltd. and 5 others | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Heavy Engineering Corporation Ltd. | Disposed |
| High Court | Company petition | Filed against the company by Macneill Engineering Ltd. | Disposed |
| High Court | Company petition | Filed against the company by Andrew Yule & Co.Ltd. | Disposed |
| High Court | Company petition | Filed against the company by Humboldt Wedag India Ltd. | Disposed |
To see the full case history of Machine Works (International) 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 Machine Works (International) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Machine Works (International) has 5 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Machine Works (International) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCM7407P1ZY | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Machine Works (International) Limited, buy the company report.
Recent activity
Machine Works (International) Limited has 9 board changes on record since 1984: 3 appointments and 6 cessations. The latest: Murari Lal Shah ceased to be Cfo(Kmp) on 22 Jan 2021.
6 earlier events are in the company report.
Frequently asked questions
Machine Works (International) 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.
Machine Works (International) is a company under insolvency, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in heavy engineering and manufacturing, within the machinery and equipment industry. It was incorporated on 08 August 1984 and is registered under CIN U02720WB1984PLC037812. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Machine Works (International) has 3 current directors:
- Jugal Kishore Saraff - Managing Director
- Pallavi Jhawar - Director
- Neena Kanoi - Director
The latest financial statements of Machine Works (International) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Machine Works (International) is U02720WB1984PLC037812. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Machine Works (International) has open charges of ₹6.82 Cr and no satisfied charges on record as per latest MCA filings.
Machine Works (International) has 9 court cases on record: 2 filed by the company and 7 filed against it. Most are in the high courts.
Machine Works (International) was incorporated on 08 August 1984. It is registered with the Registrar of Companies, Kolkata.
Murari Lal Shah ceased to be Cfo(Kmp) on 22 Jan 2021. Neena Kanoi was appointed as Director on 22 Jan 2021. Pallavi Jhawar ceased to be Additional Director on 26 Sep 2017. Machine Works (International) has 9 board changes on record in total.
Machine Works (International) can be reached through the website machineworkintl.com. Its registered office is in Kolkata, West Bengal, India.
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