About MCL Global Steel Private Limited
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MCL Global Steel Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Labh Ganga Marketing Private Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 04 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH2010PTC198414. Its GSTIN is 23AAGCM3176Q3ZY (Madhya Pradesh). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹72 Cr and a paid-up capital of ₹35 Cr. It was formerly known as Maxworth Spinning & Knitting Private Limited. It is led by directors Dinesh Kumar Agrawal (Whole-Time Director) and Karan Mittal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹78.09 Lakh, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹2.39 Cr (net margin -305.8%) and EBITDA of -₹2.53 Cr (EBITDA margin -324.3%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 60% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹616.6 Cr and satisfied charges of ₹22.55 Lakh on record. Court records list 15 cases involving the company, including 1 filed by the company and 14 filed against it; 5 cases are pending. The company has 9 deals on record (6 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹19.96 Cr; the latest was in April 2017. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 115 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mclsteel.com.
Company details
CIN history
MCL Global Steel has one previous CIN (Corporate Identification Number): U17291MH2010PTC198414. The current CIN is U27100MH2010PTC198414, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100MH2010PTC198414 | Current |
| U17291MH2010PTC198414 | Previous |
Contact details
MCL Global Steel Private Limited's registered office is in Mumbai, Maharashtra. Its website is mclsteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 311 3rd Floor Building No.3 Navjeevan Commercial Society Dr.Dadasaheb Bhadkam, Kar Marg, Mumbai, Maharashtra, India – 400008
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of MCL Global Steel 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 MCL Global Steel 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 MCL Global Steel Private Limited, buy the company report.
Financials of MCL Global Steel Private Limited
FY 2023 filings availableMCL Global Steel Private Limited reported revenue of ₹78.09 Lakh (up 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 60%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹78.09 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.39 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -324.3% | ||||
| Net Profit Margin | -305.8% | ||||
| 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 MCL Global Steel Private Limited, buy the company report.
Board of directors of MCL Global Steel Private Limited
MCL Global Steel has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karan Mittal | Director | 10 Apr 2012 | 14 Years 6 Months | Current |
| Dinesh Kumar Agrawal Also directs: Mittal Enterprises Pvt Ltd | Whole-Time Director | 10 Apr 2012 | 14 Years 6 Months | Current |
Auditor
MCL Global Steel Private Limited is audited by MAHENRDA BADJATYA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHENRDA BADJATYA & CO | FY 2023 | 001457C |
Shareholding
The shareholding of MCL Global Steel Private 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MCL Global Steel Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2014 | 10564326 | Others | ₹309.3 Cr | Open | |
| 26 Dec 2014 | 10557398 | Others | ₹60 Cr | Open | |
| 13 Dec 2014 | 10536047 | Bank of Maharashtra | ₹23.3 Cr | Open | |
| 05 Dec 2014 | 10534407 | Bank of Baroda | ₹65 Cr | Open | |
| 22 Aug 2014 | 10520762 | Others | ₹50 Cr | Open |
To see the full charge records of MCL Global Steel Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
MCL Global Steel Private Limited has 9 deals on record (6 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹19.96 Cr; the latest was in April 2017.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: Alaska Ispat Private Limited , Kokila Texpro Private Limited , an individual Seller: Labhganga Marketing Private Limited |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: Labhganga Marketing Private Limited Seller: KN Metals Private Limited |
| Nov 2015 | Rights issue | ₹15.03 Cr | Investors: Labhganga Marketing Private Limited, Mittal Corp Limited |
| Mar 2015 | Funding round | ₹15 Cr | Investors: Labhganga Marketing Private Limited |
| Mar 2014 | Funding round | ₹4.96 Cr | Investors: Labhganga Marketing Private Limited, Mittal Corp Limited , KN Metals Private Limited |
To see the full deal history of MCL Global Steel Private 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
MCL Global Steel Private Limited has 15 court cases on record: 1 filed by MCL Global Steel, 14 filed against it. 5 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 3 |
| High courts | 4 | 4 | 0 |
| NCLT | 2 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by SRC Chemicals Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Sanghi Motors (Bombay) Pvt Ltd | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against M/S Essar Projects India Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Sanghi Motors (Bombay) Pvt Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Manohar Manak Alloys Pvt Ltd | Disposed |
To see the full case history of MCL Global Steel 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
MCL Global Steel Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 115 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Metaflux Company Pvt. Ltd. | |||
| an individual supplier | |||
| Inductotherm (India) Private Limited | |||
| an individual supplier | |||
| Universal Transformers |
To see the full MSME payment records of MCL Global Steel Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
MCL Global Steel Private Limited has a workforce of 5 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
MCL Global Steel has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAGCM3176Q3ZY | Madhya Pradesh | Active | 04 Oct 2021 |
To see the full GST registrations and return filing status of MCL Global Steel Private Limited, buy the company report.
Recent activity
MCL Global Steel Private Limited has 10 board changes on record since 2012: 2 appointments and 8 cessations. The latest: Karan Mittal ceased to be Managing Director on 15 Jan 2021.
13 earlier events are in the company report.
Frequently asked questions
MCL Global Steel is an active 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 January 2010 (16+ years old) and is registered under CIN U27100MH2010PTC198414.
MCL Global Steel has 2 current directors:
- Dinesh Kumar Agrawal - Whole-Time Director
- Karan Mittal - Director
The latest financial statements of MCL Global Steel on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of MCL Global Steel is 23AAGCM3176Q3ZY, registered in Madhya Pradesh. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
The CIN (Corporate Identification Number) of MCL Global Steel is U27100MH2010PTC198414. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MCL Global Steel has 15 court cases on record: 1 filed by the company and 14 filed against it. 5 are pending. Most are in the district courts.
MCL Global Steel was incorporated on 04 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
MCL Global Steel has 9 deals on record (6 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹19.96 Cr; the latest was in April 2017.
Karan Mittal ceased to be Managing Director on 15 Jan 2021. Ankur Sen ceased to be Company Secretary on 11 Jul 2019. Shikha Jain ceased to be Company Secretary on 18 Jul 2017. MCL Global Steel has 10 board changes on record in total.
MCL Global Steel has 11 MSME Form 1 returns on record between 2019 and 2023, listing 115 overdue payments to 6 micro and small suppliers. The latest return was filed on 29 Aug 2023.
MCL Global Steel can be reached through the website mclsteel.com. Its registered office is in Mumbai, Maharashtra, India.
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