About Minmet Refractory Solutions Private Limited
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Minmet Refractory Solutions Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 12 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U52520AP2005PTC048406. Its GSTIN is 37AAFCA5872N1Z3 (Andhra Pradesh).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹95.98 Lakh. It was formerly known as Almag Marketing (India) Pvt Ltd. It is led by directors Ravi Kumar Cherukuri (Managing Director) and Anuradha Cherukuri.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 101 B Sri Venkateswara Towers 5th Lane Dwarakanagar, Visakhapatnam, Andhra Pradesh, India – 530016.
As per the financials filed for FY 2023, the company reported a revenue of ₹58.45 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹51.69 Lakh (net margin 0.9%) and EBITDA of ₹1.6 Cr (EBITDA margin 2.7%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹19.72 Cr and satisfied charges of ₹14.35 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website minmetrefractory.com.
Company details
Contact details
Minmet Refractory Solutions Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is minmetrefractory.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address101 B Sri Venkateswara Towers 5th Lane Dwarakanagar, Visakhapatnam, Andhra Pradesh, India – 530016
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Minmet Refractory Solutions 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
Financials of Minmet Refractory Solutions Private Limited
FY 2024 filings availableMinmet Refractory Solutions Private Limited reported revenue of ₹58.45 Cr (down 22% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 22% fall in the latest year. EBITDA fell 54% 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 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 | ₹58.45 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹51.69 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Minmet Refractory Solutions Private Limited, buy the company report.
Board of directors of Minmet Refractory Solutions Private Limited
Minmet Refractory Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Kumar Cherukuri | Managing Director | 20 Jan 2006 | 20 Years 9 Months | Current |
| Anuradha Cherukuri | Director | 05 Jul 2013 | 13 Years 3 Months | Current |
Auditor
Minmet Refractory Solutions Private Limited is audited by DUBA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DUBA & CO | FY 2023 | 009729S |
Shareholding
The shareholding of Minmet Refractory Solutions 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 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Minmet Refractory Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jun 2020 | 100390280 | State Bank of India | ₹1.72 Cr | Open | |
| 20 Mar 2010 | 10216462 | State Bank of India | ₹18 Cr | Open | |
| 11 Oct 2012 | 10383656 | State Bank of Hyderabad | ₹7.6 Lakh | Satisfied | |
| 04 Aug 2011 | 10305161 | State Bank of Hyderabad | ₹3.3 Cr | Satisfied | |
| 09 Aug 2007 | 10068902 | Union Bank of India | ₹10.97 Cr | Satisfied |
To see the full charge records of Minmet Refractory Solutions Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Minmet Refractory Solutions Private Limited has 8 court cases on record: 7 filed by Minmet Refractory Solutions, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed by the company against Ms. Satabdi Monolithics Industries Pvt. Ltd., | Disposed |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed against the company by Tata Capital Ltd | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed by the company against Messrs Raasi Refracories Ltd., | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed by the company against Ms Castwell Industries, Rep. by | Disposed |
To see the full case history of Minmet Refractory Solutions 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 Minmet Refractory Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Minmet Refractory Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAFCA5872N1Z3 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Minmet Refractory Solutions Private Limited, buy the company report.
Recent activity
Minmet Refractory Solutions Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Anuradha Cherukuri was appointed as Director on 05 Jul 2013.
6 earlier events are in the company report.
Frequently asked questions
Minmet Refractory Solutions is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 12 December 2005 (21+ years old) and is registered under CIN U52520AP2005PTC048406.
Minmet Refractory Solutions has 2 current directors:
- Ravi Kumar Cherukuri - Managing Director
- Anuradha Cherukuri - Director
The latest financial statements of Minmet Refractory Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Minmet Refractory Solutions is 37AAFCA5872N1Z3, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Minmet Refractory Solutions is U52520AP2005PTC048406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Minmet Refractory Solutions has 8 court cases on record: 7 filed by the company and 1 filed against it. Most are in the district courts.
Minmet Refractory Solutions was incorporated on 12 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Vijayawada.
Anuradha Cherukuri was appointed as Director on 05 Jul 2013. Eluri Bangaru Babu ceased to be Director on 05 Jul 2013. Kalyan Mukherjee ceased to be Director on 21 Oct 2011. Minmet Refractory Solutions has 5 board changes on record in total.
Minmet Refractory Solutions can be reached through the website minmetrefractory.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The registered office of Minmet Refractory Solutions is at 101 B Sri Venkateswara Towers 5th Lane Dwarakanagar, Visakhapatnam, Andhra Pradesh, India – 530016.