Modern Mining Private Limited
About Modern Mining Private Limited
Data last updated:
Modern Mining Private Limited was a private limited company based in Keonjhar, Odisha, 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 mining and mineral extraction segment of the metals and mining sector. It was incorporated on 10 January 2008.
The company was registered with the Registrar of Companies (ROC), Cuttack, under CIN U13100OR2008PTC009731. Its GSTIN is 21AAFCM3627F1ZW (Odisha).
The company had an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹1.55 Cr. It was led by directors Khaliqur Rahman (Managing Director) and Khatibur Rahman.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Magurgadia Keonjhar Keonjhargarh, Odisha, India – 758001.
As per the financials filed for FY 2018, the company reported a revenue of ₹39.33 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹1.74 Cr (net margin 4.4%) and EBITDA of ₹3.21 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company had about 39 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹12.47 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Company details
Contact details
Modern Mining Private Limited's registered office is in Keonjhar, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMagurgadia Keonjhar Keonjhargarh, Odisha, India – 758001
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Modern Mining 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 Modern Mining is mining and quarrying. In detail, this covers other mining & quarrying activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of Modern Mining Private Limited, buy the company report.
Financials of Modern Mining Private Limited
FY 2018 filings availableModern Mining Private Limited reported revenue of ₹39.33 Cr (down 11% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 27% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹39.33 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹3.21 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.74 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 8.2% | |||
| Net Profit Margin | 4.4% | |||
| 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 Modern Mining Private Limited, buy the company report.
Board of directors of Modern Mining Private Limited
Modern Mining has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Khaliqur Rahman Also directs: Five Star Resources LLP, K K Resources Private Limited | Managing Director | 10 Jan 2008 | 18 Years 9 Months | As last reported |
| Khatibur Rahman Also directs: Five Star Resources LLP, Urbanyx Infra Private Limited | Director | 10 Jan 2008 | 18 Years 9 Months | As last reported |
Auditor
Modern Mining Private Limited is audited by SAJAN AGARWAL & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAJAN AGARWAL & CO | FY 2018 | 085507 |
Shareholding
The shareholding of Modern Mining Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Modern Mining Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2013 | 10464610 | Indusind Bank Ltd. | ₹7.5 Cr | Satisfied | |
| 12 Sep 2013 | 10449704 | Hdfc Bank Limited | ₹4.97 Cr | Satisfied |
To see the full charge records of Modern Mining Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Modern Mining Private Limited has 2 court cases on record: 1 filed by Modern Mining, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4201-MATTERS RELATING TO LEASES, GOVT. CONTRACTS & CONTRACTS BY LOCAL BODIES : Tenders invited or contracts awarded/leases granted or determined by Central Government) | Filed by the company against Auroglobal Comtrade P.Ltd.. | Disposed |
| District court, Keonjhar, Odisha | Court case (2 (c)cc) | Filed against the company by Govt. of India | Disposed |
To see the full case history of Modern Mining 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 Modern Mining Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Modern Mining has 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
GST
Modern Mining has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAFCM3627F1ZW | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modern Mining Private Limited, buy the company report.
Recent activity
Modern Mining Private Limited has 3 board changes on record since 2008: 2 appointments and 1 cessation. The latest: Gobardhan Matia ceased to be Director on 24 Jun 2010.
Frequently asked questions
Modern Mining 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.
Modern Mining was a private limited company based in Keonjhar, Odisha, India. The company worked in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 10 January 2008 and is registered under CIN U13100OR2008PTC009731. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Modern Mining was incorporated on 10 January 2008. It is registered with the Registrar of Companies, Cuttack.
Modern Mining had 2 directors:
- Khaliqur Rahman - Managing Director
- Khatibur Rahman - Director
The CIN (Corporate Identification Number) of Modern Mining is U13100OR2008PTC009731. 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 Modern Mining is at Magurgadia Keonjhar Keonjhargarh, Odisha, India – 758001.
The latest financial statements of Modern Mining on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Modern Mining is 21AAFCM3627F1ZW, registered in Odisha.
Modern Mining operated in the metals and minerals industry, in the mining and mineral extraction segment.
Modern Mining has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.