About Loha Ispaat Limited
Data last updated:
Loha Ispaat Limited is a public limited company based in Khalapur, 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 industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 20 December 1988.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27200MH1988PLC050107. Its GSTIN is 27AAACL1583C2ZS (Maharashtra). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹103 Cr and a paid-up capital of ₹75.51 Cr. It is led by directors including Rajesh Mohanlal Agarwal (Managing Director) and Sandip Mandavkar.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at S.No 2/4/5 & Oth Village – Ransai, Khalapur, Maharashtra, India – 410203.
As per the financials filed for FY 2017, the company reported a revenue of ₹55.39 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹56.29 Lakh (net margin 1%) and EBITDA of -₹43.08 Cr (EBITDA margin -77.8%). Revenue has declined at a compounded annual rate (CAGR) of 75% over three years.
As per MCA filings, the company has open charges of ₹2,103.81 Cr and satisfied charges of ₹684.16 Cr on record. Court records list 79 cases involving the company, including 37 filed by the company and 43 filed against it; 5 cases are pending.
The last known website on record is loha.in.
Company details
CIN history
Loha Ispaat has one previous CIN (Corporate Identification Number): U27200MH2005PLC050107. The current CIN is U27200MH1988PLC050107, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27200MH1988PLC050107 | Current |
| U27200MH2005PLC050107 | Previous |
Contact details
Loha Ispaat Limited's registered office is in Khalapur, Maharashtra. Its website is loha.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS.No 2/4/5 & Oth Village – Ransai, Khalapur, Maharashtra, India – 410203
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Loha Ispaat 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 Loha Ispaat 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 Loha Ispaat Limited, buy the company report.
Financials of Loha Ispaat Limited
FY 2017 filings availableLoha Ispaat Limited reported revenue of ₹55.39 Cr (up 8% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 75%. EBITDA rose 42% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹55.39 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹43.08 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹56.29 Lakh | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -77.8% | ||
| Net Profit Margin | 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 Loha Ispaat Limited, buy the company report.
Board of directors of Loha Ispaat Limited
Loha Ispaat has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Mohanlal Agarwal | Managing Director | 02 Sep 2014 | 12 Years 1 Months | As last reported |
| Pratik Ganpat Patil Also directs: Metoxo Steel Trading Private Limited | Additional Director | 09 Feb 2017 | 9 Years 8 Months | As last reported |
| Sandip Mandavkar Also directs: Metoxo Steel Trading Private Limited | Director | 09 Mar 2016 | 10 Years 7 Months | As last reported |
Auditor
Loha Ispaat Limited is audited by A JOHN MORIS & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A JOHN MORIS & CO | FY 2017 | 007220S |
Shareholding
The shareholding of Loha Ispaat Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Loha Ispaat Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2014 | 10483772 | Bank of India | ₹45 Cr | Open | |
| 28 Sep 2013 | 10459501 | Others | ₹10 Cr | Open | |
| 23 May 2013 | 10428437 | Punjab National Bank | ₹75 Cr | Open | |
| 19 Mar 2013 | 10418091 | Edelweiss Asset Reconstruction Company Limited | ₹30 Cr | Open | |
| 05 Feb 2013 | 10406087 | The Federal Bank Ltd | ₹145 Cr | Open |
To see the full charge records of Loha Ispaat Limited, buy the company report.
Total charge records: 24 View all charges
Legal cases
Loha Ispaat Limited has 79 court cases on record: 37 filed by Loha Ispaat, 43 filed against it. 5 cases are pending and 74 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 60 | 36 | 2 |
| High courts | 15 | 3 | 0 |
| NCLAT | 4 | 4 | 3 |
Cases on record (5 of 79)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by Loha Ispaat Ltd. Kamgar Sanghatana | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed by the company against M/S. Loha Ispaat Ltd. and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed by the company against Samshi Pipe Industries Ltd. and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Sbicap Trustee Company Ltd. | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against Samshi Pipe Industries Limited | Disposed |
To see the full case history of Loha Ispaat 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 Loha Ispaat Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Loha Ispaat Limited has 1 active EPFO establishment as of Apr 04, 2024.
GST
Loha Ispaat has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACL1583C2ZS | Maharashtra | Active | 21 Nov 2018 |
To see the full GST registrations and return filing status of Loha Ispaat Limited, buy the company report.
Recent activity
Loha Ispaat Limited has 20 board changes on record since 2012: 3 appointments and 17 cessations. The latest: Rajesh Gaurishankar Poddar ceased to be Director on 10 Feb 2017.
57 earlier events are in the company report.
Frequently asked questions
Loha Ispaat 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.
Loha Ispaat is a company under liquidation, formerly operating as a public limited company based in Khalapur, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 20 December 1988 and is registered under CIN U27200MH1988PLC050107. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Loha Ispaat has 3 current directors:
- Rajesh Mohanlal Agarwal - Managing Director
- Pratik Ganpat Patil - Additional Director
- Sandip Mandavkar - Director
The latest financial statements of Loha Ispaat on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Loha Ispaat is U27200MH1988PLC050107. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Loha Ispaat has open charges of ₹2,103.81 Cr and satisfied charges of ₹684.16 Cr as per latest MCA filings.
Loha Ispaat has 79 court cases on record: 37 filed by the company and 43 filed against it. 5 are pending. Most are in the district courts.
Loha Ispaat was incorporated on 20 December 1988. It is registered with the Registrar of Companies, Mumbai.
Rajesh Gaurishankar Poddar ceased to be Director on 10 Feb 2017. Pratik Ganpat Patil was appointed as Additional Director on 09 Feb 2017. Sandip Mandavkar ceased to be Additional Director on 30 Sep 2016. Loha Ispaat has 20 board changes on record in total.
Loha Ispaat can be reached through the website loha.in. Its registered office is in Khalapur, Maharashtra, India.