About Accent Metals Private Limited
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Accent Metals Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 20 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51420MH1997PTC106005. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹2.79 Cr. It was formerly known as Cominco Metal Impex Private Limited. It is led by directors Chetan Suryakant Shrimanker and Rajesh Nandlal Shrimanker.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at F/12 Everest7Th Floor 156 Tardeo Road, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2016, the company reported a revenue of ₹268.4 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹2.84 Cr (net margin 1.1%) and EBITDA of ₹14.09 Cr (EBITDA margin 5.2%).
As per MCA filings, the company has open charges of ₹101.25 Cr on record. Court records list 26 cases involving the company, including 17 filed by the company and 9 filed against it; 5 cases are pending. The company has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹16.99 Cr; the latest was in March 2016. Its 5 peer companies in the Metals and Minerals industry (Metal Retail and Distribution, Metals), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Abhijeet Ferrotech Limited with revenue of ₹270.61 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website accentmetals.in.
Company details
Contact details
Accent Metals Private Limited's registered office is in Mumbai, Maharashtra. Its website is accentmetals.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressF/12 Everest7Th Floor 156 Tardeo Road, Mumbai, Maharashtra, India – 400034
- IndustryMetals and Minerals, Metal Retail & Distribution, Metal Manufacturing & Processing
To see the full contact details of Accent Metals 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 Accent Metals is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Accent Metals Private Limited, buy the company report.
Financials of Accent Metals Private Limited
FY 2016 filings availableAccent Metals Private Limited reported revenue of ₹268.4 Cr (up 18% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 18% in the latest year. EBITDA rose 4% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹268.4 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹14.09 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹2.84 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 5.2% | |
| Net Profit Margin | 1.1% | |
| 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 Accent Metals Private Limited, buy the company report.
Board of directors of Accent Metals Private Limited
Accent Metals has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Suryakant Shrimanker Also directs: Nizalco Metals Private Limited | Director | 20 Feb 1997 | 29 Years 8 Months | Current |
| Rajesh Nandlal Shrimanker Also directs: Nizalco Metals Private Limited | Director | 20 Feb 1997 | 29 Years 8 Months | Current |
Peer comparison
Accent Metals Private Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution, Metals), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Abhijeet Ferrotech Limited | ₹270.61 Cr (FY 2016) | -34.0% | Kolkata, West Bengal, India | |||
| Sanjay Castings (India) Private Limited | ₹270.51 Cr (FY 2025) | 8.0% | Bhavanagar, Gujarat, India | |||
| Rachna Metal Industries Private Limited | ₹269.24 Cr (FY 2025) | 12.0% | Delhi, India | |||
| Accent Metals Private Limitedthis company | ₹268.4 Cr (FY 2016) | ₹2.84 Cr | 1.1% | 18.0% | Mumbai, Maharashtra, India | |
| JSB Aluminium Private Limited | ₹264.18 Cr (FY 2025) | -19.0% | New Delhi, Delhi, India | |||
| M M Metacraft Private Limited | ₹264.16 Cr (FY 2025) | 17.0% | Delhi, India |
To see the full peer comparison of Accent Metals Private Limited, buy the company report.
Auditor
Accent Metals Private Limited is audited by Bhupendra Shroff & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhupendra Shroff & Co. | FY 2016 | 101478W |
Shareholding
The shareholding of Accent Metals Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Accent Metals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2016 | 100036072 | Dbs Bank Ltd | ₹1.12 Cr | Open | |
| 05 Apr 2014 | 10504415 | State Bank of India | ₹70.74 Cr | Open | |
| 27 Sep 2005 | 80001706 | State Bank of India | ₹29.39 Cr | Open |
To see the full charge records of Accent Metals Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Accent Metals Private Limited has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹16.99 Cr; the latest was in March 2016.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Rights issue | ₹2.3 Cr | Investors: Niki Braznco Industries, Orbit Corporation |
| Sep 2013 | Funding round | ₹8 Cr | Investors: Niki Braznco Industries, Orbit Corporation, 2 individuals |
| Jan 2010 | Funding round | ₹4.03 Cr | Investors: Palomino Risk Consulting Private Limited |
| Jun 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Chetan S Shrimanker HUF |
| Mar 2008 | Funding round | ₹4.96 Cr | Investors: Fast Flow Enclave Makers Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Accent Metals Private Limited has 26 court cases on record: 17 filed by Accent Metals, 9 filed against it. 5 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 9 | 4 |
| High courts | 4 | 0 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Hemmo Pharmaceuticals Private Limited and 10 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Edelweiss Retail Finance Ltd | Disposed |
| District court, South West, Delhi | Criminal case | Filed against the company by Religare Finvest Ltd. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Disposed |
To see the full case history of Accent Metals 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 Accent Metals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Accent Metals 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 Accent Metals Private Limited, buy the company report.
Recent activity
Accent Metals Private Limited has 2 board changes on record since 1997: 2 appointments. The latest: Chetan Suryakant Shrimanker was appointed as Director on 20 Feb 1997.
Frequently asked questions
Accent Metals is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 20 February 1997 (29+ years old) and is registered under CIN U51420MH1997PTC106005.
Accent Metals has 2 current directors:
- Chetan Suryakant Shrimanker - Director
- Rajesh Nandlal Shrimanker - Director
The latest financial statements of Accent Metals on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Accent Metals has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Accent Metals is U51420MH1997PTC106005. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Accent Metals has 26 court cases on record: 17 filed by the company and 9 filed against it. 5 are pending. Most are in the district courts.
Accent Metals was incorporated on 20 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Accent Metals has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹16.99 Cr; the latest was in March 2016.
The peers of Accent Metals by revenue are Abhijeet Ferrotech Limited, Sanjay Castings (India) Private Limited, Rachna Metal Industries Private Limited, JSB Aluminium Private Limited, M M Metacraft Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution, Metals), with the same principal business activity (metal and metal products).
Chetan Suryakant Shrimanker was appointed as Director on 20 Feb 1997. Rajesh Nandlal Shrimanker was appointed as Director on 20 Feb 1997.
Accent Metals can be reached through the website accentmetals.in. Its registered office is in Mumbai, Maharashtra, India.