Nashik Forge Private Limited
About Nashik Forge Private Limited
Data last updated:
Nashik Forge Private Limited is a private limited company based in Nashik, 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 auto parts and components segment of the automotive sector. It was incorporated on 26 May 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27105MH2005PTC153522. Its GSTIN is 27AACCN1914D1ZW (Maharashtra).
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3.5 Cr. It is led by directors Bharati Mukesh Bheda and Mukesh Shantilal Bheda.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at H – 149 MIDC Ambad, Nashik, Maharashtra, India – 422010.
As per the financials filed for FY 2019, the company reported a revenue of ₹15.94 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹1.55 Cr (net margin -9.7%) and EBITDA of ₹94.33 Lakh (EBITDA margin 5.9%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
As per MCA filings, the company has open charges of ₹10.96 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 105 cases involving the company, including 11 filed by the company and 94 filed against it; 15 cases are pending.
Company details
Contact details
Nashik Forge Private Limited's registered office is in Nashik, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressH – 149 MIDC Ambad, Nashik, Maharashtra, India – 422010
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Nashik Forge 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 Nashik Forge 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 Nashik Forge Private Limited, buy the company report.
Financials of Nashik Forge Private Limited
FY 2019 filings availableNashik Forge Private Limited reported revenue of ₹15.94 Cr (down 13% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 13% fall in the latest year. EBITDA fell 68% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹15.94 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹94.33 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.55 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | -9.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Nashik Forge Private Limited, buy the company report.
Board of directors of Nashik Forge Private Limited
Nashik Forge has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharati Mukesh Bheda | Director | 15 Jul 2008 | 18 Years 3 Months | As last reported |
| Mukesh Shantilal Bheda | Director | 26 May 2005 | 21 Years 4 Months | As last reported |
Auditor
Nashik Forge Private Limited is audited by ANAND BANG & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANAND BANG & ASSOCIATES | FY 2019 | 123595W |
Shareholding
The shareholding of Nashik Forge Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Nashik Forge Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 2009 | 10149045 | State Bank of Bikaner and Jaipur. | ₹10.96 Cr | Open | |
| 04 Mar 2015 | 10559792 | Sbi Global Factors Limited | ₹1.5 Cr | Satisfied |
To see the full charge records of Nashik Forge Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Nashik Forge Private Limited has 105 court cases on record: 11 filed by Nashik Forge, 94 filed against it. 15 cases are pending and 90 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 97 | 89 | 15 |
| High courts | 4 | 4 | 0 |
| NCLT | 3 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 105)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Faridabad, Haryana | Criminal miscellaneous application | Filed against the company by Arm and Hammer Forgings Pvt Ltd | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by Ganga Forging Limited Through Rakeshbhai C. Patel | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Indravadanbhai Dahyabhai Patel Authorised Person Vivan Steels Pvt.Ltd. | Pending |
| District court, Faridabad, Haryana | Criminal miscellaneous application | Filed against the company by M/S Arm and Hammer Forgings Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Revision petition | Filed by the company against M R Steel Forging Pvt Ltd | Disposed |
To see the full case history of Nashik Forge 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 Nashik Forge Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nashik Forge has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN1914D1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nashik Forge Private Limited, buy the company report.
Recent activity
Nashik Forge Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Balu Govind Sonar ceased to be Director on 15 Jul 2008.
Frequently asked questions
Nashik Forge 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.
Nashik Forge is a company under liquidation, formerly operating as a private limited company based in Nashik, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 26 May 2005 and is registered under CIN U27105MH2005PTC153522. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nashik Forge has 2 current directors:
- Bharati Mukesh Bheda - Director
- Mukesh Shantilal Bheda - Director
The latest financial statements of Nashik Forge on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nashik Forge is U27105MH2005PTC153522. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nashik Forge has open charges of ₹10.96 Cr and satisfied charges of ₹1.5 Cr as per latest MCA filings.
Nashik Forge has 105 court cases on record: 11 filed by the company and 94 filed against it. 15 are pending. Most are in the district courts.
Nashik Forge was incorporated on 26 May 2005. It is registered with the Registrar of Companies, Mumbai.
Balu Govind Sonar ceased to be Director on 15 Jul 2008. Bharati Mukesh Bheda was appointed as Director on 15 Jul 2008. Mukesh Shantilal Bheda was appointed as Director on 26 May 2005.
The registered office of Nashik Forge is at H – 149 MIDC Ambad, Nashik, Maharashtra, India – 422010.