About MSP Metallics Limited
Data last updated:
MSP Metallics Limited was a public limited company based in Kolkata, West Bengal, India. 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 29 November 1996.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U27109WB1996PLC082138. Its GSTIN is 19AACCA5907D1ZX (West Bengal). The company held 5 GST registrations, of which 3 are active.
The company had an authorised share capital of ₹139.62 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Adhunik Industries Pvt Ltd and Msp Metallics Private Limited. It was led by directors including Jai Prakash Sharma (Whole-Time Director) and Sraban Munian.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Kolkata, West Bengal.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.36 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹237.81 Cr and EBITDA of -₹1.93 Cr. Revenue has declined at a compounded annual rate (CAGR) of 88% over three years and 78% over five years.
The company had about 589 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹9,777.48 Cr on record. Court records list 57 cases involving the company, including 34 filed by the company and 23 filed against it; 8 cases are pending. The company has 9 deals on record (6 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹2,974.14 Cr; the latest was in October 2022.
The last known website on record is mspsteel.com.
Company details
Name history
MSP Metallics has undergone 2 name changes throughout its history. The company was previously known as Adhunik Industries Pvt Ltd, and Msp Metallics Private Limited. The current legal name is Msp Metallics Limited.
| Company Name | Status |
|---|---|
| MSP Metallics Limited | Current |
| Adhunik Industries Pvt Ltd | Previous |
| Msp Metallics Private Limited | Previous |
CIN history
MSP Metallics has one previous CIN (Corporate Identification Number): L27109WB1996PLC082138. The current CIN is U27109WB1996PLC082138, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109WB1996PLC082138 | Current |
| L27109WB1996PLC082138 | Previous |
Contact details
MSP Metallics Limited's registered office is in Kolkata, West Bengal. Its website is mspsteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1 Garstin Place Orbit House 3rd Floor, Room No. 3B India, Kolkata, West Bengal, India – 700001
- IndustryMetals and Minerals, Metal Retail & Distribution, Steel Manufacturing & Processing
To see the full contact details of MSP Metallics 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 MSP Metallics Limited
FY 2022 filings availableMSP Metallics Limited reported revenue of ₹1.36 Lakh (down 100% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 78% over five years. EBITDA rose 92% 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 | ₹1.36 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹237.81 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 MSP Metallics Limited, buy the company report.
Board of directors of MSP Metallics Limited
MSP Metallics has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sraban Munian Also directs: Easternrange Coal Mining Private Limited, Rashmi Forgings India Private Limited, Orissa Metaliks Private Limited and 3 more | Director | 28 Jul 2022 | 4 Years 2 Months | As last reported |
| Bapi Samanta Also directs: Easternrange Coal Mining Private Limited, Rashmi Forgings India Private Limited, Orissa Metaliks Private Limited and 3 more | Director | 28 Jul 2022 | 4 Years 2 Months | As last reported |
| Chotan Ray | Director | 28 Jul 2022 | 4 Years 2 Months | As last reported |
| Jai Prakash Sharma | Whole-Time Director | 29 Oct 2021 | 4 Years 11 Months | As last reported |
Auditor
MSP Metallics Limited is audited by RDA & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RDA & Associates | FY 2022 | 322810E |
Shareholding
The shareholding of MSP Metallics Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MSP Metallics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Apr 2015 | 10568452 | Indian Overseas Bank | ₹1,670.27 Cr | Open | |
| 13 Apr 2015 | 10572200 | Cfm Asset Reconstruction Private Limited | ₹531.7 Cr | Open | |
| 10 Apr 2015 | 10566644 | Cfm Asset Reconstruction Private Limited | ₹470 Cr | Open | |
| 10 Apr 2015 | 10566647 | Cfm Asset Reconstruction Private Limited | ₹1,200.26 Cr | Open | |
| 31 May 2014 | 10510997 | Cfm Asset Reconstruction Private Limited | ₹4 Cr | Open |
To see the full charge records of MSP Metallics Limited, buy the company report.
Total charge records: 44 View all charges
Deals & funding
MSP Metallics Limited has 9 deals on record (6 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹2,974.14 Cr; the latest was in October 2022.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Debt financing | ₹2,168.73 Cr | Investors: Orissa Metaliks Private Limited |
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: Nivedan Vyapaar Private Limited , Shefali Goods Pvt Ltd , Sanee Capital and Leasing Pvt Ltd Seller: Dexo Trading Pvt Ltd , Mohit Vyapaar Pvt Ltd , Sikhar Commotrade Pvt. Ltd. |
| Jan 2013 | Funding round | ₹126.81 Cr | Investors: Tusk Investments Private Limited, Anup Enclave Private Limited , Bluediamond Tracom Private Limited |
| Jun 2011 | Funding round | ₹301.3 Cr | Investors: Gilbert Merchants Private Limited, Mohit Vyapaar Pvt Ltd , Ilex Pvt Ltd |
| May 2011 | Secondary share transfer | Undisclosed | Buyer: Panorama Commercial Private Limited Seller: Eastern Gas Chemicals Pvt.Ltd. , Pabitra Enclave Private Limited |
To see the full deal history of MSP Metallics Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
MSP Metallics Limited has 57 court cases on record: 34 filed by MSP Metallics, 23 filed against it. 8 cases are pending and 49 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 30 | 5 | 2 |
| District courts | 19 | 12 | 6 |
| NCLT | 8 | 6 | 0 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by V.N Transport Pvt Limited Represented by Ramesh Chand | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Gagan Vanijya Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Skipper Limited | Pending |
| District court, Khurda, Orissa | Arbitration matter | Filed by the company against M/S Sarsat Projects Pvt Ltd | Disposed |
| District court, Jharsuguda, Orissa | Court case (CS-Money Suit) | Filed against the company by Iss SDB Security Services Private Ltd. | Disposed |
To see the full case history of MSP Metallics 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 MSP Metallics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
MSP Metallics Limited has a workforce of 589 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
MSP Metallics has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCA5907D1ZX | West Bengal | Active | 01 Jul 2017 |
| 19AACCA5907D2ZW | West Bengal | Active | 12 Oct 2017 |
| 21AACCA5907D1ZC | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MSP Metallics Limited, buy the company report.
Recent activity
MSP Metallics Limited has 22 board changes on record since 2012: 4 appointments and 18 cessations. The latest: Aparna Kar ceased to be Director on 28 Jul 2022.
95 earlier events are in the company report.
Frequently asked questions
MSP Metallics 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.
MSP Metallics was a public limited company based in Kolkata, West Bengal, India. The company worked in metal retail and distribution, within the metals and minerals industry. It was incorporated on 29 November 1996 and is registered under CIN U27109WB1996PLC082138. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
MSP Metallics was incorporated on 29 November 1996. It is registered with the Registrar of Companies, Kolkata.
MSP Metallics had 4 directors:
- Jai Prakash Sharma - Whole-Time Director
- Sraban Munian - Director
- Bapi Samanta - Director
- Chotan Ray - Director
The CIN (Corporate Identification Number) of MSP Metallics is U27109WB1996PLC082138. 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 MSP Metallics is at 1 Garstin Place Orbit House 3rd Floor, Room No. 3B India, Kolkata, West Bengal, India – 700001.
MSP Metallics can be reached through the website mspsteel.com. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of MSP Metallics on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of MSP Metallics is 19AACCA5907D1ZX, registered in West Bengal. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 19AACCA5907D2ZW (West Bengal), 21AACCA5907D1ZC (Odisha).
MSP Metallics operated in the metals and minerals industry, in the metal retail and distribution segment.