About Idcol Kalinga Iron Works Limited
Data last updated:
Idcol Kalinga Iron Works Limited was a public limited state government company based in Keonjhar, Odisha, India, operated as a subsidiary of The Industrial Development Corporation Of Odisha Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 26 March 1999.
The company was registered with the Registrar of Companies (ROC), Cuttack, under CIN U27109OR1999SGC005737. Its GSTIN is 21AAACI9143D1Z2 (Odisha). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹160 Cr and a paid-up capital of ₹150.1 Cr. It was led by directors including Amardeep Ray (Managing Director) and Maitreyi Pattnaik.
Its last annual general meeting (AGM) was held on 26 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Idcol Kalinga Iron Works Ltdat/Po Matkambeda Barbil, Keonjhar, Odisha, India – 758036.
As per the financials filed for FY 2022, the company reported a revenue of ₹59.82 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹37.64 Cr and EBITDA of -₹35.56 Cr. Revenue has declined at a compounded annual rate (CAGR) of 84% over three years and 58% over five years.
The company had about 105 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹36 Cr on record. Court records list 89 cases involving the company, including 46 filed by the company and 43 filed against it; 37 cases are pending.
The last known website on record is ikiwl.com.
Company details
CIN history
Idcol Kalinga Iron Works has one previous CIN (Corporate Identification Number): U27109OR1999PLC005737. The current CIN is U27109OR1999SGC005737, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109OR1999SGC005737 | Current |
| U27109OR1999PLC005737 | Previous |
Contact details
Idcol Kalinga Iron Works Limited's registered office is in Keonjhar, Odisha. Its website is ikiwl.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressIdcol Kalinga Iron Works Ltdat/Po Matkambeda Barbil, Keonjhar, Odisha, India – 758036
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Idcol Kalinga Iron Works 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 Idcol Kalinga Iron Works Limited
FY 2022 filings availableIdcol Kalinga Iron Works Limited reported revenue of ₹59.82 Lakh (down 93% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 58% over five years, including a 93% fall in the latest year. EBITDA fell 283% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹35.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹37.64 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| 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 Idcol Kalinga Iron Works Limited, buy the company report.
Board of directors and KMP of Idcol Kalinga Iron Works Limited
Idcol Kalinga Iron Works Limited currently reports 5 directors and 1 key managerial person. 38 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amardeep Ray | Managing Director | 30 Jun 2021 | 5 Years 4 Months | As last reported |
| Nihar Ranjan Mohanty Also directs: MGM Minerals Limited, Idcol Software Limited | Nominee Director | 01 Aug 2018 | 8 Years 3 Months | As last reported |
| Shaijal Jain | Company Secretary | 14 Oct 2020 | 6 Years 0 Months | As last reported |
| Balwant Singh | Nominee Director | 16 Jun 2021 | 5 Years 4 Months | As last reported |
| Maitreyi Pattnaik | Director | 30 Mar 2015 | 11 Years 7 Months | As last reported |
| Bishnu Prasanna Mahapatro Also directs: Idcol Software Limited | Nominee Director | 21 Mar 2015 | 11 Years 7 Months | As last reported |
Auditor
Idcol Kalinga Iron Works Limited is audited by KEJRIWAL & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KEJRIWAL & ASSOCIATES | FY 2020 | 324527E |
Shareholding
The shareholding of Idcol Kalinga Iron Works Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Idcol Kalinga Iron Works Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Apr 2002 | 90081125 | Bank of Baroda | ₹36 Cr | Open |
To see the full charge records of Idcol Kalinga Iron Works Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Idcol Kalinga Iron Works Limited has 89 court cases on record: 46 filed by Idcol Kalinga Iron Works, 43 filed against it. 37 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 55 | 25 | 30 |
| District courts | 32 | 18 | 7 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ORISSA | Court case (RVWPET) | Filed against the company by M/S Excel Security and Allied Services P Ltd., BBSR | Pending |
| District court, Khurda, Odisha | Arbitration matter | Filed against the company by M/S Excel Security and Allied Services (P) Ltd. | Disposed |
| High Court, ORISSA | Writ petition | Filed against the company by M/S Excel Security and Allied Services P Ltd., BBSR | Disposed |
| High Court, JHARKHAND | Writ petition | Filed by the company against M/S Ashoka Foundry and Equipment Pvt Ltd and 2 others | Disposed |
| District court, Bokaro, Jharkhand | Execution petition | Filed against the company by M/S Ashoka Foundry and Equipment Pvt. Ltd. | Disposed |
To see the full case history of Idcol Kalinga Iron Works 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 Idcol Kalinga Iron Works Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Idcol Kalinga Iron Works Limited has a workforce of 105 employees on its EPFO records as of Apr 2024, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 11 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2013-14 |
To see the full employee and EPFO history of Idcol Kalinga Iron Works Limited, buy the company report.
GST
Idcol Kalinga Iron Works has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAACI9143D1Z2 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Idcol Kalinga Iron Works Limited, buy the company report.
Recent activity
Idcol Kalinga Iron Works Limited has 43 board changes on record since 2007: 6 appointments and 37 cessations. The latest: Sarat Chandra Bhadra ceased to be Nominee Director on 31 Oct 2022.
36 earlier events are in the company report.
Frequently asked questions
Idcol Kalinga Iron Works 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.
Idcol Kalinga Iron Works was a public limited state government company based in Keonjhar, Odisha, India. The company worked in metal retail and distribution, within the metals and minerals industry. It was incorporated on 26 March 1999 and is registered under CIN U27109OR1999SGC005737. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Idcol Kalinga Iron Works was incorporated on 26 March 1999. It is registered with the Registrar of Companies, Cuttack.
Idcol Kalinga Iron Works had 6 directors and KMP:
- Amardeep Ray - Managing Director
- Nihar Ranjan Mohanty - Nominee Director
- Balwant Singh - Nominee Director
- Maitreyi Pattnaik - Director
- Bishnu Prasanna Mahapatro - Nominee Director
- Shaijal Jain - Company Secretary
The CIN (Corporate Identification Number) of Idcol Kalinga Iron Works is U27109OR1999SGC005737. 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 Idcol Kalinga Iron Works is at Idcol Kalinga Iron Works LtdatPo Matkambeda Barbil, Keonjhar, Odisha, India – 758036.
Idcol Kalinga Iron Works can be reached through the website ikiwl.com. Its registered office is in Keonjhar, Odisha, India.
The latest financial statements of Idcol Kalinga Iron Works on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 26 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Idcol Kalinga Iron Works is 21AAACI9143D1Z2, registered in Odisha. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Idcol Kalinga Iron Works operated in the metals and minerals industry, in the metal retail and distribution segment.
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.
