About Muktar Minerals Private Limited
Data last updated:
Muktar Minerals Private Limited is a private limited company based in Verna, Goa, India, a subsidiary of Vagha Minerals Private Limited. 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 mining and mineral extraction segment of the metals and mining sector. It was incorporated on 25 August 2004.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U13100GA2004PTC003585. Its GSTIN is 30AAECM0510E1ZG (Goa). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.5 Cr. It is led by directors including Muktar Shamshuddin Shaikh and Anup Kumar Singh (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Plot No.B – 2/B – 3 Phase I Verna Industrial Estate, Goa, India – 403722.
As per the financials filed for FY 2018, the company reported a revenue of ₹10.17 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹1.02 Cr (net margin -10%) and EBITDA of ₹1.92 Cr (EBITDA margin 18.9%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years.
The company has about 10 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹398.85 Cr and satisfied charges of ₹174.68 Cr on record. Court records list 67 cases involving the company, including 17 filed by the company and 50 filed against it; 26 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹14.45 Cr; the latest was in March 2009.
The last known website on record is smgworld.in.
Company details
Contact details
Muktar Minerals Private Limited's registered office is in Verna, Goa. Its website is smgworld.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No.B – 2/B – 3 Phase I Verna Industrial Estate, Goa, India – 403722
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Muktar Minerals 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 Muktar Minerals is mining and quarrying. In detail, this covers mining support services activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B5 | Mining Support Services activities |
To see the full business activity and turnover split of Muktar Minerals Private Limited, buy the company report.
Financials of Muktar Minerals Private Limited
FY 2018 filings availableMuktar Minerals Private Limited reported revenue of ₹10.17 Cr (down 40% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 32% over three years, including a 40% fall in the latest year. EBITDA fell 39% 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 | ₹10.17 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.92 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.02 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 18.9% | |||
| Net Profit Margin | -10% | |||
| 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 Muktar Minerals Private Limited, buy the company report.
Board of directors of Muktar Minerals Private Limited
Muktar Minerals has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muktar Shamshuddin Shaikh Also directs: Integrated Mineral Resources Private Limited, Vagha Minerals Private Limited, Muktar Power (India) Private Limited and 2 more | Director | 25 Aug 2004 | 22 Years 1 Months | As last reported |
| Anup Kumar Singh Also directs: Stellar Insolvency Professionals LLP, Stellar Legal Advisory LLP, Stellar Arc Limited and 2 more | Irp/Rp/Liquidator | 27 Mar 2023 | 3 Years 6 Months | As last reported |
| Shamshun Muktar Shaikh Also directs: Vagha Minerals Private Limited, Muktar Power (India) Private Limited, Muktar Shipping (India) Private Limited and 1 more | Director | 25 Aug 2004 | 22 Years 1 Months | As last reported |
Auditor
Muktar Minerals Private Limited is audited by R L B & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R L B & CO | FY 2018 | 116413W |
Shareholding
The shareholding of Muktar Minerals 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 Muktar Minerals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2021 | 100743201 | Others | ₹149.5 Cr | Open | |
| 22 Sep 2016 | 100074701 | Others | ₹62.76 Cr | Open | |
| 14 Aug 2015 | 10590040 | Central Bank of India | ₹24.5 Cr | Open | |
| 30 Sep 2014 | 10526444 | Corporation Bank | ₹5 Cr | Open | |
| 22 Sep 2014 | 10529348 | Srei Equipment Finance Limited | ₹49.1 Cr | Open |
To see the full charge records of Muktar Minerals Private Limited, buy the company report.
Total charge records: 31 View all charges
Deals & funding
Muktar Minerals Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹14.45 Cr; the latest was in March 2009.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2009 | Funding round | ₹12.5 Cr | Investors: 4 individuals |
| Feb 2007 | Funding round | ₹1.95 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Muktar Minerals Private Limited has 67 court cases on record: 17 filed by Muktar Minerals, 50 filed against it. 26 cases are pending and 41 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 33 | 22 |
| High courts | 26 | 17 | 4 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Ltd | Pending |
| High Court | Court case (EC) | Filed against the company by Ambo Exports Limited | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by Rudhra Commodities and Energy Trades Pvt. Ltd. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Srei Equipment Finance Pvt. Ltd. | Disposed |
| High Court | Civil suit | Filed against the company by Ambo Exports Limited | Disposed |
To see the full case history of Muktar Minerals 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 Muktar Minerals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Muktar Minerals has 2 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Muktar Logistics (India) Private Limited | U74900GA2010PTC006257 | |
| Muktar Infrastructure (India) Private Limited | U74930GA2010PTC006256 |
To see the full group structure of Muktar Minerals Private Limited, buy the company report.
Employees & EPFO
Muktar Minerals Private Limited has a workforce of 10 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Muktar Minerals has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAECM0510E1ZG | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Muktar Minerals Private Limited, buy the company report.
Recent activity
Muktar Minerals Private Limited has 5 board changes on record since 2004: 3 appointments and 2 cessations. The latest: Anup Kumar Singh was appointed as Irp/Rp/Liquidator on 27 Mar 2023.
50 earlier events are in the company report.
Frequently asked questions
Muktar Minerals 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.
Muktar Minerals is a company under liquidation, formerly operating as a private limited company based in Verna, Goa, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 25 August 2004 and is registered under CIN U13100GA2004PTC003585. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Muktar Minerals has 3 current directors:
- Muktar Shamshuddin Shaikh - Director
- Shamshun Muktar Shaikh - Director
- Anup Kumar Singh - Irp/Rp/Liquidator
The latest financial statements of Muktar Minerals on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Muktar Minerals is U13100GA2004PTC003585. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Muktar Minerals has open charges of ₹398.85 Cr and satisfied charges of ₹174.68 Cr as per latest MCA filings.
Muktar Minerals has 67 court cases on record: 17 filed by the company and 50 filed against it. 26 are pending. Most are in the district courts.
Muktar Minerals was incorporated on 25 August 2004. It is registered with the Registrar of Companies, Goa.
Muktar Minerals has 2 deals on record (2 funding rounds), with disclosed funding of ₹14.45 Cr; the latest was in March 2009.
Anup Kumar Singh was appointed as Irp/Rp/Liquidator on 27 Mar 2023. Hawabi Muktar Shaikh ceased to be Director on 10 Feb 2020. Mizba Xec ceased to be Director on 10 Feb 2020. Muktar Minerals has 5 board changes on record in total.