Minaqua International Private Limited
About Minaqua International Private Limited
Data last updated:
Minaqua International Private Limited is a private limited company based in Nagpur, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 16 February 2013.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2013PTC240552. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors Ganesh Atmaram Sandale and Manish Nanasaheb Deshmukh.
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 Shop No S – 26 2nd Floor Ginger Square Main Road Jaripatka, Nagpur, Maharashtra, India – 440014.
As per the financials filed for FY 2021, the company reported a revenue of ₹175.46 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net profit of ₹1.16 Cr (net margin 0.7%) and EBITDA of ₹1.86 Cr (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 26% over five years.
As per MCA filings, the company has open charges of ₹7.4 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 4 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in March 2020. Its 7 peer companies in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 3 larger and 4 smaller; the largest is Fiddle Iron & Steel Private Limited with revenue of ₹177.71 Cr.
Company details
CIN history
Minaqua International has one previous CIN (Corporate Identification Number): U41000MH2013PTC240552. The current CIN is U74110MH2013PTC240552, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2013PTC240552 | Current |
| U41000MH2013PTC240552 | Previous |
Contact details
Minaqua International Private Limited's registered office is in Nagpur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressShop No S – 26 2nd Floor Ginger Square Main Road Jaripatka, Nagpur, Maharashtra, India – 440014
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Minaqua International 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 Minaqua International 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 Minaqua International Private Limited, buy the company report.
Financials of Minaqua International Private Limited
FY 2021 filings availableMinaqua International Private Limited reported revenue of ₹175.46 Cr (down 60% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 60% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA fell 2% 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 | ₹175.46 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.16 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Minaqua International Private Limited, buy the company report.
Board of directors of Minaqua International Private Limited
Minaqua International has 2 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Atmaram Sandale | Director | 15 Feb 2022 | 4 Years 8 Months | As last reported |
| Manish Nanasaheb Deshmukh Also directs: Shreem Shree Traders Private Limited | Additional Director | 18 Apr 2022 | 4 Years 6 Months | As last reported |
Peer comparison
Minaqua International Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Fiddle Iron & Steel Private Limited | ₹177.71 Cr (FY 2018) | -86.0% | Kolkata, West Bengal, India | |||
| JVS Ispat Private Limited | ₹177.09 Cr (FY 2025) | 31.0% | Kolkata, West Bengal, India | |||
| Rassco Steels Limited | ₹176.03 Cr (FY 2025) | 8.0% | Kolkata, West Bengal, India | |||
| Minaqua International Private Limitedthis company | ₹175.46 Cr (FY 2021) | ₹1.16 Cr | 0.7% | -60.0% | Nagpur, Maharashtra, India | |
| Gowra Petrochem Private Limited | ₹174.97 Cr (FY 2024) | 136.0% | Secunderabad, Telangana, India | |||
| Bhavasteel Metalalloys Private Limited | ₹173.94 Cr (FY 2018) | Bangalore, Karnataka, India | ||||
| Daido Kogyo India Private Limited | ₹173.47 Cr (FY 2025) | 21.0% | Gurgaon, Haryana, India | |||
| Krish Resources Private Limited | ₹173.29 Cr (FY 2019) | 63.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Minaqua International Private Limited, buy the company report.
Shareholding
The shareholding of Minaqua International Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Minaqua International Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Nov 2022 | 100648654 | Others | ₹2.5 Cr | Open | |
| 19 Nov 2022 | 100648653 | Others | ₹2.5 Cr | Open | |
| 27 Apr 2018 | 100212193 | Others | ₹2.4 Cr | Open |
Total charge records: 3 View all charges
Deals & funding
Minaqua International Private Limited has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in March 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2016 | Rights issue | ₹4.99 Cr | Investors: 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Minaqua International Private Limited has 5 court cases on record: 5 filed against it. 4 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 4 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Yes Bank Ltd Through Poa Priya Bhange | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by HDFC Bank Ltd | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| High Court | Writ petition | Filed against the company by M/S Shree Balaji Tradelinks | Disposed |
To see the full case history of Minaqua International 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 Minaqua International Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Minaqua International has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Minaqua International Private Limited, buy the company report.
Recent activity
Minaqua International Private Limited has 22 board changes on record since 2014: 2 appointments and 20 cessations. The latest: Manish Nanasaheb Deshmukh was appointed as Additional Director on 18 Apr 2022.
16 earlier events are in the company report.
Frequently asked questions
Minaqua International is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Minaqua International is a company under insolvency, formerly operating as a private limited company based in Nagpur, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 16 February 2013 and is registered under CIN U74110MH2013PTC240552. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Minaqua International has 2 current directors:
- Ganesh Atmaram Sandale - Director
- Manish Nanasaheb Deshmukh - Additional Director
The latest financial statements of Minaqua International 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 CIN (Corporate Identification Number) of Minaqua International is U74110MH2013PTC240552. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minaqua International has open charges of ₹7.4 Cr and no satisfied charges on record as per latest MCA filings.
Minaqua International has 5 court cases on record: 5 filed against it. 4 are pending. Most are in the district courts.
Minaqua International was incorporated on 16 February 2013. It is registered with the Registrar of Companies, Mumbai.
Minaqua International has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in March 2020.
The peers of Minaqua International by revenue are Fiddle Iron & Steel Private Limited, JVS Ispat Private Limited, Rassco Steels Limited, Gowra Petrochem Private Limited, Bhavasteel Metalalloys Private Limited and 2 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Manish Nanasaheb Deshmukh was appointed as Additional Director on 18 Apr 2022. Rahul Lopchand Rathod ceased to be Director on 18 Apr 2022. Sadakathussain Riyazulhussain Sayed ceased to be Director on 28 Feb 2022. Minaqua International has 22 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
