Orbit Ayas Private Limited
About Orbit Ayas Private Limited
Data last updated:
Orbit Ayas Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 27 February 2012.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27310MH2012PTC227435. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.18 Cr. It is led by directors including Sanjay Bansilal Kathane (Irp/Rp/Liquidator) and Jitendrakumar Singh.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹183.06 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹32.49 Lakh (net margin 0.2%) and EBITDA of ₹2.69 Cr (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
As per MCA filings, the company has open charges of ₹28.88 Cr on record. Court records list 22 cases involving the company, including 4 filed by the company and 18 filed against it; 9 cases are pending.
Company details
Contact details
Orbit Ayas Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address404 4th Floor Ashirwad Premises Co – Operative Soc. Ltd. 64/E Ahmedabad Street Carna, C Bunder, Mumbai, Maharashtra, India – 400009
- IndustryMetals and Minerals, Metal Retail & Distribution, Materials Retail & Distribution
To see the full contact details of Orbit Ayas 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 Orbit Ayas 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 Orbit Ayas Private Limited, buy the company report.
Financials of Orbit Ayas Private Limited
FY 2018 filings availableOrbit Ayas Private Limited reported revenue of ₹183.06 Cr (up 1% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 1% growth in the latest year. EBITDA rose 5% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹183.06 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2.69 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹32.49 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.5% | |||
| Net Profit Margin | 0.2% | |||
| 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 Orbit Ayas Private Limited, buy the company report.
Board of directors of Orbit Ayas Private Limited
Orbit Ayas has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmesh Rajendra Chokshi Also directs: Shree Sheet Metal Processors Private Limited | Additional Director | 01 Jun 2012 | 14 Years 5 Months | As last reported |
| Sanjay Bansilal Kathane Also directs: Plivo India Private Limited | Irp/Rp/Liquidator | 26 Jul 2023 | 3 Years 3 Months | As last reported |
| Jitendrakumar Singh | Director | 20 Oct 2021 | 5 Years 0 Months | As last reported |
Auditor
Orbit Ayas Private Limited is audited by PRATIK DAMANI AND CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRATIK DAMANI AND CO | FY 2018 | 141872W |
Shareholding
The shareholding of Orbit Ayas Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Orbit Ayas Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Dec 2016 | 100069951 | Others | ₹2.48 Cr | Open | |
| 23 Dec 2015 | 10612453 | Union Bank of India | ₹2 Cr | Open | |
| 11 Apr 2015 | 10565483 | Union Bank of India | ₹90 Lakh | Open | |
| 02 Dec 2014 | 10534853 | Union Bank of India | ₹50 Lakh | Open | |
| 11 Dec 2013 | 10471482 | Others | ₹23 Cr | Open |
To see the full charge records of Orbit Ayas Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Orbit Ayas Private Limited has 22 court cases on record: 4 filed by Orbit Ayas, 18 filed against it. 9 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 17 | 9 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Gujarat Imex Labs Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by M/S. Liffey Realtors Pvt.Ltd. | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Dewan Housing Finance Corporation Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Edelweiss Retail Finance Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Gujarat Imex Labs Pvt. Ltd. | Disposed |
To see the full case history of Orbit Ayas 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 Orbit Ayas Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Orbit Ayas has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Orbit Ayas Private Limited, buy the company report.
Recent activity
Orbit Ayas Private Limited has 9 board changes on record since 2012: 3 appointments and 6 cessations. The latest: Sanjay Bansilal Kathane was appointed as Irp/Rp/Liquidator on 26 Jul 2023.
6 earlier events are in the company report.
Frequently asked questions
Orbit Ayas is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Orbit Ayas is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 27 February 2012 and is registered under CIN U27310MH2012PTC227435. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Orbit Ayas has 3 current directors:
- Dharmesh Rajendra Chokshi - Additional Director
- Jitendrakumar Singh - Director
- Sanjay Bansilal Kathane - Irp/Rp/Liquidator
The latest financial statements of Orbit Ayas on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Orbit Ayas is U27310MH2012PTC227435. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Orbit Ayas has open charges of ₹28.88 Cr and no satisfied charges on record as per latest MCA filings.
Orbit Ayas has 22 court cases on record: 4 filed by the company and 18 filed against it. 9 are pending. Most are in the district courts.
Orbit Ayas was incorporated on 27 February 2012. It is registered with the Registrar of Companies, Mumbai.
Sanjay Bansilal Kathane was appointed as Irp/Rp/Liquidator on 26 Jul 2023. Jitendrakumar Singh was appointed as Director on 20 Oct 2021. Pratik Sharad Mhetre ceased to be Additional Director on 15 Oct 2019. Orbit Ayas has 9 board changes on record in total.
The registered office of Orbit Ayas is at 404 4th Floor Ashirwad Premises Co – Operative Soc. Ltd. 64E Ahmedabad Street Carna, C Bunder, Mumbai, Maharashtra, India – 400009.
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