About Metec Asia Ltd
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Metec Asia Ltd was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 02 June 1993.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27200MH1993PLC072246. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹80 Lakh. It was led by directors including Ambalal Mohanlal Porwal and Vijay Mohanlal Porwal.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at 12 Neeraj Industrial Estateoff Maha Kali Caves Road Andheri (E), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2015, the company reported a revenue of ₹105.53 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹25.89 Lakh (net margin 0.2%) and EBITDA of -₹22.13 Lakh (EBITDA margin -0.2%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.
As per MCA filings, the company had satisfied charges of ₹2.03 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The last known website on record is metecasia.com.
Company details
CIN history
Metec Asia has one previous CIN (Corporate Identification Number): U27200MH1993PTC072246. The current CIN is U27200MH1993PLC072246, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27200MH1993PLC072246 | Current |
| U27200MH1993PTC072246 | Previous |
Contact details
Metec Asia Ltd's registered office is in Mumbai, Maharashtra. Its website is metecasia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address12 Neeraj Industrial Estateoff Maha Kali Caves Road Andheri (E), Mumbai, Maharashtra, India – 400093
- IndustryMetals and Minerals, Metal Retail & Distribution, Metal Manufacturing & Processing
To see the full contact details of Metec Asia Ltd, 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
Financials of Metec Asia Ltd
FY 2015 filings availableMetec Asia Ltd reported revenue of ₹105.53 Cr (up 593% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over three years, including 593% growth 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹105.53 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹22.13 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹25.89 Lakh |
| 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -0.2% |
| Net Profit Margin | 0.2% |
| 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 Metec Asia Ltd, buy the company report.
Board of directors of Metec Asia Ltd
Metec Asia has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ambalal Mohanlal Porwal Also directs: Metalloys Recycling Limited | Director | 31 Jan 2013 | 13 Years 8 Months | As last reported |
| Vijay Mohanlal Porwal Also directs: Metalloys Recycling Limited | Director | 07 Jan 2008 | 18 Years 9 Months | As last reported |
| Ratan Lal Narayan Jain | Director | 31 Jan 2013 | 13 Years 8 Months | As last reported |
Auditor
Metec Asia Ltd is audited by Shaparia Mehta & Associates LLP for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shaparia Mehta & Associates LLP | FY 2015 | 100051W |
Shareholding
The shareholding of Metec Asia Ltd is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Metec Asia Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 1998 | 90156971 | New India Co-Op. Bank Ltd. | ₹2.87 Lakh | Satisfied | |
| 01 Oct 1997 | 90156676 | Indian Overseas Bank | ₹2 Cr | Satisfied |
To see the full charge records of Metec Asia Ltd, buy the company report.
Total charge records: 2 View all charges
Legal cases
Metec Asia Ltd has 3 court cases on record: 3 filed by Metec Asia. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against The Union of India and 2 Ors | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
To see the full case history of Metec Asia Ltd, 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 Metec Asia Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Metec Asia has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Metec Asia Ltd, buy the company report.
Recent activity
Metec Asia Ltd has 9 board changes on record since 2008: 3 appointments and 6 cessations. The latest: Ambalal Mohanlal Porwal ceased to be Additional Director on 30 Sep 2013.
5 earlier events are in the company report.
Frequently asked questions
Metec Asia has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Metec Asia was a public limited company based in Mumbai, Maharashtra, India. The company worked in metal retail and distribution, within the metals and minerals industry. It was incorporated on 02 June 1993 and is registered under CIN U27200MH1993PLC072246. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Metec Asia was incorporated on 02 June 1993. It is registered with the Registrar of Companies, Mumbai.
Metec Asia had 3 directors:
- Ambalal Mohanlal Porwal - Director
- Vijay Mohanlal Porwal - Director
- Ratan Lal Narayan Jain - Director
The CIN (Corporate Identification Number) of Metec Asia is U27200MH1993PLC072246. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Metec Asia is at 12 Neeraj Industrial Estateoff Maha Kali Caves Road Andheri E, Mumbai, Maharashtra, India – 400093.
Metec Asia can be reached through the website metecasia.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Metec Asia on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. Metec Asia has 3 GST registrations on record and all of them are cancelled or inactive.
Metec Asia operated in the metals and minerals industry, in the metal retail and distribution segment.