Facor Steels Limited - metals and minerals in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
CIN L27100MH2004PLC146283 Incorporated 13 May 2004 ROC Mumbai HQ Nagpur, Maharashtra, India
Under Liquidation Listed Public Limited Company metals and minerals
Data last updated
Revenue · FY 2016
₹1.89 Cr
▼ 94% YoY
Net loss · FY 2016
₹14.26 Cr
Latest filing
EBITDA · FY 2016
-₹5.97 Cr
EBITDA margin -315.9%
Authorised capital
₹60 Cr
Registered with MCA
Paid-up capital
₹53.43 Cr
Issued & subscribed
Open charges
₹154.25 Cr
Satisfied ₹67.13 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
11
Provident fund records

About Facor Steels Limited

Data last updated:

Facor Steels Limited is a public limited company based in Nagpur, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 13 May 2004.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L27100MH2004PLC146283. The company has 4 GST registrations on record, none of which is active. It is recorded as listed by MCA, but trading in its shares on BSE (532657) has been suspended, so they do not currently trade on a stock exchange.

The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹53.43 Cr. It is led by directors including Vinodkumar Vithaldasji Saraf (Managing Director) and Champaka Rangachari.

Its last annual general meeting (AGM) was held on 28 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at 46 – A & B MIDC Ind. Estate Hingna Road Hingana Road, Nagpur, Maharashtra, India – 440028.

As per the financials filed for FY 2016, the company reported a revenue of ₹1.89 Cr, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹14.26 Cr and EBITDA of -₹5.97 Cr (EBITDA margin -315.9%).

The company has about 11 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Facor Steel. As per MCA filings, the company has open charges of ₹154.25 Cr and satisfied charges of ₹67.13 Cr on record. Court records list 39 cases involving the company, including 19 filed by the company and 20 filed against it; 6 cases are pending. The company has 41 deals on record (41 market trades); the latest was in June 2012. Its 5 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Jalaram Stainless Steel Private Limited with revenue of ₹1.91 Cr.

The last known website on record is facorsteel.com.

Company details

CIN L27100MH2004PLC146283
Registration Number 146283
Incorporation Date 13 May 2004
ROC Mumbai
Listing Status Listed - Suspended on BSE (532657)
Company Status Under Liquidation
Date of Last AGM 28 September 2015
Date of Balance Sheet 31 March 2015
Compliance Status Active Non-Compliant

Contact details

Facor Steels Limited's registered office is in Nagpur, Maharashtra. Its website is facorsteel.com. Its e-mail address is in the company report.

  • Email
  • Registered Address
    46 – A & B MIDC Ind. Estate Hingna Road Hingana Road, Nagpur, Maharashtra, India – 440028
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of Facor Steels Limited, buy the company report.

Comprehensive company report
Facor Steels Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Facor Steels operates one associated brand: Facor Steel. Each brand links to its own profile.

BrandDescriptionWebsite
Steel and steel products are manufactured by Facor Steel.facorsteel.com

Financials of Facor Steels Limited

FY 2015 filings available

Facor Steels Limited reported revenue of ₹1.89 Cr (down 94% YoY) for FY 2016.

Revenue · FY 2016
₹1.89 Cr ▼ 94%
Net loss · FY 2016
₹14.26 Cr
EBITDA · FY 2016
-₹5.97 Cr margin -315.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 94%

Revenue fell 94% in the latest year. All are worked out from the filed statements.

Financial Statement Summary

MetricsFY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹1.89 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹5.97 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹14.26 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

MetricsFY 2015-16FY 2014-15
Profitability
EBITDA Margin-315.9%
Net Profit Margin
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 Facor Steels Limited, buy the company report.

Board of directors of Facor Steels Limited

Facor Steels has 8 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Vinodkumar Vithaldasji SarafManaging Director01 Aug 200422 Years 2 MonthsAs last reported
Champaka RangachariDirector30 Mar 201511 Years 6 MonthsAs last reported
Narayan Das SarafDirector28 Apr 200620 Years 5 MonthsAs last reported
Keshaorao Atmaram PardhiDirector18 Apr 201412 Years 6 MonthsAs last reported
Anand Sadashiv KapreDirector20 Jul 200422 Years 3 MonthsAs last reported
Mohandas Adige ShenoyDirector07 Nov 201114 Years 11 MonthsAs last reported
Showing 6 of 8 current directors. View all directors

Peer comparison

Facor Steels Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Jalaram Stainless Steel Private Limited₹1.91 Cr (FY 2025)-69.0%Ahmedabad, Gujarat, India
Sail Bansal Service Centre Limited₹1.91 Cr (FY 2025)-37.0%Kolkata, West Bengal, India
Saraswati Concast Private Limited₹1.9 Cr (FY 2021)-93.0%Delhi, India
Facor Steels Limitedthis company₹1.89 Cr (FY 2016)-₹14.26 Cr-94.0%Nagpur, Maharashtra, India
Rebirth Industries Private Limited₹1.89 Cr (FY 2025)-38.0%Wardha, Maharashtra, India
Sai Ram Steel Private Limited₹1.88 Cr (FY 2025)-78.0%Raigarh, Chhattisgarh, India

To see the full peer comparison of Facor Steels Limited, buy the company report.

Auditor

Facor Steels Limited is audited by SALVE & Co. for the financial year 2016.

Auditor firmFinancial yearFirm registration number
SALVE & Co.FY 2016109003W

Shareholding

The shareholding of Facor Steels Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2016FY 2015
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Facor Steels Limited, buy the company report.

Charges & borrowings

Open charges
₹154.25 Cr
Satisfied charges
₹67.13 Cr
Breakdown by lending institutions
Bank of India as Lead Consortium Bank₹142.40 Cr
Indian Overseas Bank₹11.85 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Apr 200910160495Bank of India as Lead Consortium Bank₹142.4 CrOpen
24 Jun 200810113945Indian Overseas Bank₹11.85 CrOpen
28 Jul 200610013398State Bank of Bikaner & Jaipur₹2.63 CrSatisfied
26 Dec 200580041994Syndicate Bank₹8.55 CrSatisfied
29 Oct 200580045579State Bank of India₹15 CrSatisfied

To see the full charge records of Facor Steels Limited, buy the company report.

Total charge records: 8 View all charges

Deals & funding

Facor Steels Limited has 41 deals on record (41 market trades); the latest was in June 2012.

Total deals
41
Market trades
41

Deals on record (5 of 41)

WhenDealAmountParties
Dec 2007Market trade₹1.54 CrSeller: JMP Securities Private Limited
Dec 2007Market trade₹1.43 CrBuyer: JMP Securities Private Limited
Dec 2007Market trade₹5.35 CrBuyer: JMP Securities Private Limited
Seller: JMP Securities Private Limited
Dec 2007Market trade₹3.59 CrBuyer: JMP Securities Private Limited
Seller: JMP Securities Private Limited , Cornell Corporation
Nov 2007Market trade₹87.4 LakhBuyer: JMP Securities Private Limited

To see the full deal history of Facor Steels Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Facor Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Facor Steels has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
4
Cancelled / inactive
4

To see the full GST registrations and return filing status of Facor Steels Limited, buy the company report.

Recent activity

Facor Steels Limited has 34 board changes on record since 2004: 21 appointments and 13 cessations. The latest: Murlidhar Durgaprasadji Saraf ceased to be Managing Director on 25 May 2015.

AGM
Facor Steels Limited last Annual general meeting of members was held on 28 Sep 2015 as per latest MCA records.
Ceased
Murlidhar Durgaprasadji Saraf ceased to be Managing Director.
Filing
Facor Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2015 with Roc Mumbai.
Appointed
Champaka Rangachari was appointed as Director.
Ceased
Arye Zvi David Berest ceased to be Nominee Director.
Ceased
Raj Kamal Rao ceased to be Director.
Appointed
Keshaorao Atmaram Pardhi was appointed as Director.
Ceased
Achintya Karati ceased to be Additional Director.
Charges
A charge with Bank Of India As Lead Consortium Bank of Rs. 142.40 Cr registered on 28 Apr 2009 with Charge ID 10160495 was modified on 22 Aug 2013.
Appointed
Achintya Karati was appointed as Additional Director.
Ceased
Vibhu Bakhru ceased to be Director.
Appointed
Raj Kamal Rao was appointed as Director.

44 earlier events are in the company report.

Frequently asked questions

Facor Steels is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.

Facor Steels is a company under liquidation, formerly operating as a public limited company based in Nagpur, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 13 May 2004 and is registered under CIN L27100MH2004PLC146283. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Facor Steels has 8 current directors:

The latest financial statements of Facor Steels on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 28 September 2015. Year-wise statements from 2015 are in the company report.

The CIN (Corporate Identification Number) of Facor Steels is L27100MH2004PLC146283. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Facor Steels is recorded as a listed company by MCA, but trading in its shares on BSE (532657) has been suspended, so they do not currently trade on a stock exchange.

Facor Steels has open charges of ₹154.25 Cr and satisfied charges of ₹67.13 Cr as per latest MCA filings.

Facor Steels has 39 court cases on record: 19 filed by the company and 20 filed against it. 6 are pending. Most are in the high courts.

Facor Steels was incorporated on 13 May 2004. It is registered with the Registrar of Companies, Mumbai.

Facor Steels has 41 deals on record (41 market trades); the latest was in June 2012.

The peers of Facor Steels by revenue are Jalaram Stainless Steel Private Limited, Sail Bansal Service Centre Limited, Saraswati Concast Private Limited, Rebirth Industries Private Limited, Sai Ram Steel Private Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).