MTZ Industries Limited
About MTZ Industries Limited
Data last updated:
MTZ Industries Limited is a public limited company based in Thane, 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 specialty chemicals segment of the chemicals and materials sector. It was incorporated on 06 November 1981.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1981PLC025567.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹23.04 Cr. It is led by directors including Arvind Krishanparkash Oberoi and Sanjay Babubhai Shah.
Its last annual general meeting (AGM) was held on 28 February 2007, and its latest financial statements are for the year ended 31 March 2006. The registered office is at A – 126 MIDC Ind Areadombivili, Thane, Maharashtra, India – 421201.
As per MCA filings, the company has open charges of ₹165.89 Cr on record. Court records list 55 cases involving the company, including 20 filed by the company and 35 filed against it; 5 cases are pending. The company has 3 deals on record (3 market trades); the latest was in July 2005.
Company details
CIN history
MTZ Industries has one previous CIN (Corporate Identification Number): L99999MH1981PLC025567. The current CIN is U99999MH1981PLC025567, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1981PLC025567 | Current |
| L99999MH1981PLC025567 | Previous |
Contact details
MTZ Industries Limited's registered office is in Thane, Maharashtra.
- Registered AddressA – 126 MIDC Ind Areadombivili, Thane, Maharashtra, India – 421201
- IndustryChemicals and Materials, Specialty Chemicals
- 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 MTZ Industries Limited
FY 2006 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of MTZ Industries Limited, buy the company report.
Board of directors of MTZ Industries Limited
MTZ Industries has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arvind Krishanparkash Oberoi Also directs: Shree Anandeya Investments Private Limited | Director | 05 Nov 1999 | 26 Years 11 Months | As last reported |
| Pradip Sitaram Talawadekar | Nominee Director | 27 Jan 2006 | 20 Years 9 Months | As last reported |
| Sanjay Babubhai Shah | Director | 15 Dec 1986 | 39 Years 10 Months | As last reported |
| Bhushanlal Amarnath Gupta | Director | 01 Aug 2003 | 23 Years 2 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Dec 2002 | 90149399 | Dena Bank | ₹1.8 Cr | Open | |
| 24 May 2000 | 90140788 | Dena Bank | ₹69.37 Cr | Open | |
| 20 Oct 1999 | 90147355 | Dena Bank | ₹20 Lakh | Open | |
| 25 Jun 1999 | 90147304 | Dena Bank | ₹35 Lakh | Open | |
| 10 Jul 1998 | 90140644 | The Saraswat Co-Operative Bank Ltd. | ₹5 Cr | Open |
To see the full charge records of MTZ Industries Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
MTZ Industries Limited has 3 deals on record (3 market trades); the latest was in July 2005.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2005 | Market trade | ₹5.6 Lakh | Seller: an individual |
| Feb 2005 | Market trade | ₹7 Lakh | Seller: an individual |
| Feb 2005 | Market trade | ₹6.5 Lakh | Buyer: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
MTZ Industries Limited has 55 court cases on record: 20 filed by MTZ Industries, 35 filed against it. 5 cases are pending and 50 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 46 | 29 | 4 |
| District courts | 9 | 6 | 1 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Civil suit | Filed against the company by Vitthalbhai D. Babaria Director of M/S Gujarat Polybonds Pvt.Ltd | Disposed |
| District court, Valsad, Gujarat | Court case (SPCS) | Filed against the company by Vithhalbhai D. Babaria for M/S Gujarat Polybonds Pvt. Ltd. | Disposed |
| Bombay High Court | Company petition | Filed against the company by Apar Industries Ltd. | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Bank of Baroda | Pending |
| Bombay High Court | Court case (NMA) | Filed by the company against Board for Industrial and Financial Rehabilitation (Bifr) | Pending |
To see the full case history of MTZ Industries 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 MTZ Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for MTZ Industries Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
MTZ Industries Limited has 5 board changes on record since 1986: 4 appointments and 1 cessation. The latest: Sharat Chandra Roongta ceased to be Director on 21 Sep 2007.
32 earlier events are in the company report.
Frequently asked questions
MTZ Industries 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.
MTZ Industries is a company under liquidation, formerly operating as a public limited company based in Thane, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 06 November 1981 and is registered under CIN U99999MH1981PLC025567. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
MTZ Industries has 4 current directors:
- Arvind Krishanparkash Oberoi - Director
- Pradip Sitaram Talawadekar - Nominee Director
- Sanjay Babubhai Shah - Director
- Bhushanlal Amarnath Gupta - Director
The latest financial statements of MTZ Industries on record with the MCA are for the year ended 31 March 2006. Its last annual general meeting was held on 28 February 2007. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of MTZ Industries is U99999MH1981PLC025567. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MTZ Industries has open charges of ₹165.89 Cr and no satisfied charges on record as per latest MCA filings.
MTZ Industries has 55 court cases on record: 20 filed by the company and 35 filed against it. 5 are pending. Most are in the high courts.
MTZ Industries was incorporated on 06 November 1981. It is registered with the Registrar of Companies, Mumbai.
MTZ Industries has 3 deals on record (3 market trades); the latest was in July 2005.
Sharat Chandra Roongta ceased to be Director on 21 Sep 2007. Pradip Sitaram Talawadekar was appointed as Nominee Director on 27 Jan 2006. Bhushanlal Amarnath Gupta was appointed as Director on 01 Aug 2003. MTZ Industries has 5 board changes on record in total.