Mayel Steels Private Limited
About Mayel Steels Private Limited
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Mayel Steels Private Limited is a private 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 26 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28112MH2009PTC192722. Its GSTIN is 27AAGCM0789D1ZE (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sayyad Ishtyaque Husain and Sayed Tauqeer Hasan Rizvi.
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 is at 196/198 Hanif Hasan Lala Compound Kurla West, Mumbai, Maharashtra, India – 400070.
As per the financials filed for FY 2021, the company reported a revenue of ₹19.45 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net profit of ₹1.98 Lakh (net margin 10.2%) and EBITDA of ₹2.45 Lakh (EBITDA margin 12.6%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years and 53% over five years.
Court records list 9 cases involving the company, including 1 filed by the company and 8 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mayel Steels Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address196/198 Hanif Hasan Lala Compound Kurla West, Mumbai, Maharashtra, India – 400070
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Mayel Steels Private 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 Mayel Steels 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 Mayel Steels Private Limited, buy the company report.
Financials of Mayel Steels Private Limited
FY 2021 filings availableMayel Steels Private Limited reported revenue of ₹19.45 Lakh (down 96% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 53% over five years, including a 96% fall in the latest year. EBITDA rose 121% 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 | ₹19.45 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.45 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.98 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.6% | ||||
| Net Profit Margin | 10.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Mayel Steels Private Limited, buy the company report.
Board of directors of Mayel Steels Private Limited
Mayel Steels has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sayyad Ishtyaque Husain Also directs: Dhaara Metal Industries Private Limited | Additional Director | 18 Jan 2022 | 4 Years 9 Months | Current |
| Sayed Tauqeer Hasan Rizvi Also directs: Pakiza Steels LLP | Additional Director | 05 Dec 2022 | 3 Years 10 Months | Current |
Auditor
Mayel Steels Private Limited is audited by S.U. RADHAKRISHNANI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.U. RADHAKRISHNANI & CO | FY 2021 |
Shareholding
The shareholding of Mayel Steels Private 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 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mayel Steels Private Limited, buy the company report.
Legal cases
Mayel Steels Private Limited has 9 court cases on record: 1 filed by Mayel Steels, 8 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by M/S Tathya Engineering and Infraproject Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by V M Containers Pvt.Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed against the company by Varun Texport P Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed against the company by an individual | Pending |
| District court, Nagpur, Maharashtra | Court case (R.C.C.) | Filed against the company by M/S Kabir Steel Traders | Pending |
To see the full case history of Mayel 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 Mayel Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mayel Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM0789D1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mayel Steels Private Limited, buy the company report.
Recent activity
Mayel Steels Private Limited has 10 board changes on record since 2016: 2 appointments and 8 cessations. The latest: Mohammad Jafar ceased to be Additional Director on 05 Dec 2022.
1 earlier event is in the company report.
Frequently asked questions
Mayel Steels is an active private 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 26 May 2009 (17+ years old) and is registered under CIN U28112MH2009PTC192722.
Mayel Steels has 2 current directors:
- Sayyad Ishtyaque Husain - Additional Director
- Sayed Tauqeer Hasan Rizvi - Additional Director
The latest financial statements of Mayel Steels 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 Mayel Steels is 27AAGCM0789D1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mayel Steels is U28112MH2009PTC192722. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mayel Steels has 9 court cases on record: 1 filed by the company and 8 filed against it. 2 are pending. Most are in the district courts.
Mayel Steels was incorporated on 26 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Mohammad Jafar ceased to be Additional Director on 05 Dec 2022. Sayed Tauqeer Hasan Rizvi was appointed as Additional Director on 05 Dec 2022. Hasan Abbas Tauqeer Hasan Rizvi Sayed ceased to be Director on 23 Feb 2022. Mayel Steels has 10 board changes on record in total.
The registered office of Mayel Steels is at 196198 Hanif Hasan Lala Compound Kurla West, Mumbai, Maharashtra, India – 400070.
Mayel Steels operates in the metals and minerals industry, in the metal retail and distribution segment.