About Maharashtra Steels Private Limited
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Maharashtra Steels Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 04 September 2003.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH2003PTC142030.
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹6.38 Cr. It is led by directors Janki Prasad Shah (Managing Director) and Ritu Jankiprasad Shah.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 190 Lalbahadur Shastri Marg Bhandup (W), Mumbai, Maharashtra, India – 400078.
As per the financials filed for FY 2017, the company reported a revenue of ₹85.31 Lakh, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹93.34 Lakh (net margin -109.4%) and EBITDA of -₹76,168 (EBITDA margin -0.9%). Revenue has declined at a compounded annual rate (CAGR) of 80% over three years.
As per MCA filings, the company has open charges of ₹43.36 Cr and satisfied charges of ₹3.5 Cr on record. Court records list 19 cases involving the company, including 2 filed by the company and 17 filed against it; 3 cases are pending.
The last known website on record is maharashtragroups.com.
Company details
Contact details
Maharashtra Steels Private Limited's registered office is in Mumbai, Maharashtra.
- Registered Address190 Lalbahadur Shastri Marg Bhandup (W), Mumbai, Maharashtra, India – 400078
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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 Maharashtra Steels 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 Maharashtra Steels Private Limited, buy the company report.
Financials of Maharashtra Steels Private Limited
FY 2017 filings availableMaharashtra Steels Private Limited reported revenue of ₹85.31 Lakh (down 90% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 80% over three years, including a 90% fall in the latest year. EBITDA rose 96% 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 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹76,168 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹93.34 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -0.9% | ||
| Net Profit Margin | -109.4% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
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To see the full financial statements and ratios of Maharashtra Steels Private Limited, buy the company report.
Board of directors of Maharashtra Steels Private Limited
Maharashtra Steels has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Janki Prasad Shah | Managing Director | 04 Sep 2003 | 23 Years 1 Months | As last reported |
| Ritu Jankiprasad Shah Also directs: Ishita Steel Traders Private Limited, Ishu Steel Traders Private Limited, Maharashtra Steels Investment Private Limited and 2 more | Director | 04 Sep 2003 | 23 Years 1 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Nov 2009 | 10191677 | State Bank of India | ₹43.36 Cr | Open | |
| 27 Mar 2005 | 80003030 | The Kalyan Janata Sahakari Bank Ltd. | ₹3.5 Cr | Satisfied |
To see the full charge records of Maharashtra Steels Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Maharashtra Steels Private Limited has 19 court cases on record: 2 filed by Maharashtra Steels, 17 filed against it. 3 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 3 |
| High courts | 6 | 4 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Fatehgarh Sahib, Punjab | Commercial suit | Filed against the company by Ms Bhawani Industries Limited Represented by Power of Attorney - Sunil Kumar Garg | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Income Tax | Pending |
| District court, Ananthapur, Andhra Pradesh | Criminal complaint | Filed against the company | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Government of Maharashtra Deputy Director Industrial Safety and Health | Disposed |
| Bombay High Court | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Maharashtra Steels 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 Maharashtra Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Maharashtra Steels Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Maharashtra Steels Private Limited has 2 board changes on record since 2003: 2 appointments. The latest: Janki Prasad Shah was appointed as Managing Director on 04 Sep 2003.
Frequently asked questions
Maharashtra Steels is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Maharashtra Steels is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 04 September 2003 and is registered under CIN U27100MH2003PTC142030. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Maharashtra Steels has 2 current directors:
- Janki Prasad Shah - Managing Director
- Ritu Jankiprasad Shah - Director
The latest financial statements of Maharashtra Steels on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Maharashtra Steels is U27100MH2003PTC142030. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maharashtra Steels has open charges of ₹43.36 Cr and satisfied charges of ₹3.5 Cr as per latest MCA filings.
Maharashtra Steels has 19 court cases on record: 2 filed by the company and 17 filed against it. 3 are pending. Most are in the district courts.
Maharashtra Steels was incorporated on 04 September 2003. It is registered with the Registrar of Companies, Mumbai.
Janki Prasad Shah was appointed as Managing Director on 04 Sep 2003. Ritu Jankiprasad Shah was appointed as Director on 04 Sep 2003.
Maharashtra Steels can be reached through the website maharashtragroups.com. Its registered office is in Mumbai, Maharashtra, India.