About Ifgl Refractories Limited
Data last updated:
Ifgl Refractories Limited was a public limited company based in Sundargarh, Odisha, India, operated as a subsidiary of Bajoria Holdings Private 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 process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 22 November 1989.
The company was registered with the Registrar of Companies (ROC), Cuttack, under CIN L27202OR1989PLC002971. The company has 7 GST registrations on record, none of which is active. It is a listed company as per MCA records. Its shares are listed on BSE: 540774 and NSE: IFGLEXPOR.
The company had an authorised share capital of ₹60 Cr and a paid-up capital of ₹34.61 Cr. It was led by directors including Pradeep Bajoria (Managing Director) and Shishir Kumar Bajoria (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Sector B Kalunga Industrial Estate Kalunga Rourkela, Sundargarh, Odisha, India – 770031.
As per the financials filed for FY 2016, the company reported a revenue of ₹307.32 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹41.96 Cr (net margin 13.7%) and EBITDA of ₹76.02 Cr (EBITDA margin 24.7%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 9% over five years.
Its group structure included 2 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹3.2 Cr on record. Court records list 43 cases involving the company, including 30 filed by the company and 13 filed against it; 12 cases are pending.
The last known website on record is ifglref.com.
Company details
CIN history
Ifgl Refractories has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L27202OR1989PLC002971, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27202OR1989PLC002971 | Current |
| L00153OR1989PLC002971 | Previous |
| L00153OR1991PLC002971 | Previous |
Contact details
Ifgl Refractories Limited's registered office is in Sundargarh, Odisha. Its website is ifglref.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSector B Kalunga Industrial Estate Kalunga Rourkela, Sundargarh, Odisha, India – 770031
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Ifgl Refractories 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 activities of Ifgl Refractories are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ifgl Refractories Limited, buy the company report.
Financials of Ifgl Refractories Limited
FY 2016 filings availableIfgl Refractories Limited reported revenue of ₹307.32 Cr (down 9% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 18% 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹307.32 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹76.02 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹41.96 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 | 24.7% | |
| Net Profit Margin | 13.7% | |
| 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 Ifgl Refractories Limited, buy the company report.
Board of directors and KMP of Ifgl Refractories Limited
Ifgl Refractories Limited currently reports 9 directors and 1 key managerial person. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Agarwal | Company Secretary | 14 Aug 2000 | 26 Years 2 Months | As last reported |
| Yuzo Kawatsu | Additional Director | 11 May 2017 | 9 Years 5 Months | As last reported |
| Debal Kumar Banerji | Director | 25 May 2011 | 15 Years 4 Months | As last reported |
| Shishir Kumar Bajoria Also directs: Ifgl Refractories Limited, Mudita Lifespaces Design LLP, Ganges Art Gallery Private Limited and 5 more | Whole-Time Director | 01 Apr 2015 | 11 Years 6 Months | As last reported |
| Pradeep Bajoria | Managing Director | 07 Feb 1996 | 30 Years 8 Months | As last reported |
| Duraiswamy Gunaseela Rajan | Director | 14 Aug 2000 | 26 Years 2 Months | As last reported |
Auditor
Ifgl Refractories Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS | FY 2016 | 302009E |
Shareholding
The shareholding of Ifgl Refractories Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ifgl Refractories Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jun 2011 | 10291227 | The Hongkong and Shanghai Banking Corporation Limited | ₹3.13 Cr | Satisfied | |
| 09 Jun 2008 | 10105915 | The Hongkong and Shanghai Banking Corporation Limited | ₹7.6 Lakh | Satisfied |
To see the full charge records of Ifgl Refractories Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ifgl Refractories Limited has 43 court cases on record: 30 filed by Ifgl Refractories, 13 filed against it. 12 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 2 | 7 |
| District courts | 9 | 4 | 3 |
| Supreme Court | 9 | 7 | 1 |
| NCLAT | 3 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sundargarh, Odisha | Court case (Rfa Civil Appeal) | Filed by the company against The Executive Director of M/S. Ocl India Ltd. and 1 other | Pending |
| High Court | Court case (COPET) | Filed by the company against Adhunik Metaliks Ltd. | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Mr. Udayraj Patwardhan the Resolution Professional of Nami Steel Private Limited | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Lindsay International Private Limited Through Its Director No. 13, Nellie Sengupta Sarani , 9Th Floor ,Kolkata , West Bengal and 2 others | Disposed |
| NCLAT, Court III | Tribunal matter | Filed by the company against M/S Agrawal Structure Mills (P) Ltd. | Disposed |
To see the full case history of Ifgl Refractories 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 Ifgl Refractories Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ifgl Refractories has 2 subsidiary companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ifgl Exports Limited, India | U51909WB2007PLC118407 | |
| Ifgl Refractories Limited | U51909WB2007PLC118407 |
To see the full group structure of Ifgl Refractories Limited, buy the company report.
GST
Ifgl Refractories has 7 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ifgl Refractories Limited, buy the company report.
Recent activity
Ifgl Refractories Limited has 28 board changes on record since 1991: 19 appointments and 9 cessations. The latest: Yuzo Kawatsu was appointed as Additional Director on 11 May 2017.
25 earlier events are in the company report.
News
Frequently asked questions
Ifgl Refractories 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.
Ifgl Refractories was a public limited company based in Sundargarh, Odisha, India. The company worked in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 22 November 1989 and is registered under CIN L27202OR1989PLC002971. Listed on BSE: 540774 and NSE: IFGLEXPOR. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ifgl Refractories was incorporated on 22 November 1989. It is registered with the Registrar of Companies, Cuttack.
Ifgl Refractories had 10 directors and KMP:
- Pradeep Bajoria - Managing Director
- Shishir Kumar Bajoria - Whole-Time Director
- Yuzo Kawatsu - Additional Director
- Debal Kumar Banerji - Director
- Duraiswamy Gunaseela Rajan - Director
- Kanwar Sanyal Satyabrata - Director
- Sudhamoy Khasnobis - Director
- Surendra Munshi - Director
- Bharati Ray - Director
- Rajesh Agarwal - Company Secretary
The CIN (Corporate Identification Number) of Ifgl Refractories is L27202OR1989PLC002971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ifgl Refractories is a listed company as per MCA records. Its shares are listed on both BSE (code: 540774) and NSE (symbol: IFGLEXPOR).
The registered office of Ifgl Refractories is at Sector B Kalunga Industrial Estate Kalunga Rourkela, Sundargarh, Odisha, India – 770031.
Ifgl Refractories can be reached through the website ifglref.com. Its registered office is in Sundargarh, Odisha, India.
The latest financial statements of Ifgl Refractories on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 19 August 2016. Year-wise statements from 2015 are in the company report.
No. Ifgl Refractories has 7 GST registrations on record and all of them are cancelled or inactive.