Makalu Trading Limited
About Makalu Trading Limited
Data last updated:
Makalu Trading Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 24 June 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1981PLC024687. Its GSTIN is 27AAACM9511H1ZI (Maharashtra).
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹10 Lakh. It was formerly known as Makalu Trading Private Limited. It is led by directors including Dipanjan Mahata and Sisir Kumar Bhunia.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹22.99 Cr, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹27.3 Cr (net margin -118.7%) and EBITDA of -₹26.34 Cr (EBITDA margin -114.6%). Revenue has declined at a compounded annual rate (CAGR) of 67% over three years.
As per MCA filings, the company has open charges of ₹500 Cr and satisfied charges of ₹51.95 Cr on record. Court records list 37 cases involving the company, including 24 filed by the company and 13 filed against it; 5 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Makalu Trading has one previous CIN (Corporate Identification Number): U51900MH1981PTC024687. The current CIN is U51900MH1981PLC024687, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MH1981PLC024687 | Current |
| U51900MH1981PTC024687 | Previous |
Contact details
Makalu Trading Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressFlat No. 101 Plot No. 574, Usha Kamal V.N. Purav Marg Chembur, Mumbai, Maharashtra, India – 400071
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Makalu Trading 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 Makalu Trading 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 Makalu Trading Limited, buy the company report.
Financials of Makalu Trading Limited
FY 2018 filings availableMakalu Trading Limited reported revenue of ₹22.99 Cr (down 96% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over three years, including a 96% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹22.99 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹26.34 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹27.3 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -114.6% | |||
| Net Profit Margin | -118.7% | |||
| 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 Makalu Trading Limited, buy the company report.
Board of directors of Makalu Trading Limited
Makalu Trading has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipanjan Mahata Also directs: Rashmi Cement Limited, Yatin Steels India Private Limited, Jamuria Steels Private Limited and 2 more | Director | 25 Sep 2024 | 2 Years 1 Months | Current |
| Sisir Kumar Bhunia Also directs: Rashmi Cement Limited, Yatin Steels India Private Limited, Orissa Steel & Power Private Limited and 2 more | Director | 25 Sep 2024 | 2 Years 1 Months | Current |
| Subhendu Biswas Also directs: Rashmi Cement Limited, Yatin Steels India Private Limited, Orissa Steel & Power Private Limited and 2 more | Director | 25 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Makalu Trading Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Paras Aluminium Private Limited | ₹23.2 Cr (FY 2024) | 29.0% | New Delhi, Delhi, India | |||
| Samanvya Iron and Steel Private Limited | ₹23.08 Cr (FY 2024) | 28.0% | Raipur, Chhattisgarh, India | |||
| Ishaan Metals Private Limited | ₹23.06 Cr (FY 2025) | 51.0% | New Delhi, Delhi, India | |||
| Ratanlal Steels Private Limited | ₹23.04 Cr (FY 2025) | 41.0% | Coimbatore, Tamil Nadu, India | |||
| Makalu Trading Limitedthis company | ₹22.99 Cr (FY 2018) | -₹27.3 Cr | -118.7% | -96.0% | Mumbai, Maharashtra, India | |
| Pabitradhara Infranirman Private Limited | ₹22.99 Cr (FY 2019) | 59039.0% | Kolkata, West Bengal, India | |||
| Samarth Commodities Merchants Private Limited | ₹22.98 Cr (FY 2025) | -30.0% | Rourkela, Odisha, India | |||
| Superways Enterprises Private Limited | ₹22.93 Cr (FY 2018) | -88.0% | Mumbai, Maharashtra, India | |||
| Bhikki Metals Private Limited | ₹22.93 Cr (FY 2024) | 49.0% | Delhi, India |
To see the full peer comparison of Makalu Trading Limited, buy the company report.
Auditor
Makalu Trading Limited is audited by SNEHAL & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SNEHAL & ASSOCIATES | FY 2018 | 110314W |
Shareholding
The shareholding of Makalu Trading Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Makalu Trading Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Nov 2015 | 10605712 | Indian Overseas Bank | ₹200 Cr | Open | |
| 26 Aug 1995 | 90154502 | Oriental Bank of Commerce | ₹300 Cr | Open | |
| 12 May 2005 | 80013899 | Indian Overseas Bank | ₹46.75 Cr | Satisfied | |
| 22 Jan 2004 | 90154009 | India Overseas Bank | ₹5 Cr | Satisfied | |
| 21 Aug 1997 | 90154561 | Bombay Mercantile Co-Op Bank Ltd | ₹20 Lakh | Satisfied |
To see the full charge records of Makalu Trading Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Makalu Trading Limited has 37 court cases on record: 24 filed by Makalu Trading, 13 filed against it. 5 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 10 | 1 |
| High courts | 10 | 2 | 0 |
| NCLAT | 4 | 1 | 4 |
| Supreme Court | 3 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Car Val Investors and 3 others | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against M/S Topworth Urja and Metals Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Navmi Steel Traders Pvt Ltd and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Champalal Motilal Steel Company Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against M/S. Akshata Mercantile Pvt Ltd and 4 others | Disposed |
To see the full case history of Makalu Trading 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
Makalu Trading Limited was last rated by Crisil on 17 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Nov 2020 |
To see the full credit ratings and regulatory alerts of Makalu Trading Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Makalu Trading Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Makalu Trading has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM9511H1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Makalu Trading Limited, buy the company report.
Recent activity
Makalu Trading Limited has 13 board changes on record since 2007: 3 appointments and 10 cessations. The latest: Dipanjan Mahata was appointed as Director on 25 Sep 2024.
15 earlier events are in the company report.
Frequently asked questions
Makalu Trading is an active 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 24 June 1981 (45+ years old) and is registered under CIN U51900MH1981PLC024687.
Makalu Trading has 3 current directors:
- Dipanjan Mahata - Director
- Sisir Kumar Bhunia - Director
- Subhendu Biswas - Director
The latest financial statements of Makalu Trading on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Makalu Trading is 27AAACM9511H1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Makalu Trading is U51900MH1981PLC024687. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Makalu Trading has 37 court cases on record: 24 filed by the company and 13 filed against it. 5 are pending. Most are in the district courts.
Makalu Trading was incorporated on 24 June 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Makalu Trading by revenue are Paras Aluminium Private Limited, Samanvya Iron and Steel Private Limited, Ishaan Metals Private Limited, Ratanlal Steels Private Limited, Pabitradhara Infranirman Private Limited and 3 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Dipanjan Mahata was appointed as Director on 25 Sep 2024. Sisir Kumar Bhunia was appointed as Director on 25 Sep 2024. Subhendu Biswas was appointed as Director on 25 Sep 2024. Makalu Trading has 13 board changes on record in total.
The registered office of Makalu Trading is at Flat No. 101 Plot No. 574, Usha Kamal V.N. Purav Marg Chembur, Mumbai, Maharashtra, India – 400071.
Makalu Trading operates in the metals and minerals industry, in the metal retail and distribution segment.