About Nyka Steels Private Limited
Data last updated:
Nyka Steels 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 steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 27 July 1995.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27109MH1995PTC091072. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.28 Cr. It is led by directors including Sarfaraz Ahmed Nizamuddin Siddiqui and Asif Nizamuddin Siddiqui.
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 is at Shop No 15 Ground Floor Piru Lane Pathanwadi Plot No 1 Bhendi Baazar, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2022, the company reported a revenue of ₹31.77 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹96.32 Lakh (net margin -303.2%) and EBITDA of -₹69.02 Lakh (EBITDA margin -217.3%). Revenue has declined at a compounded annual rate (CAGR) of 86% over three years and 74% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹40 Cr and satisfied charges of ₹13.25 Cr on record. Court records list 24 cases involving the company, including 11 filed by the company and 13 filed against it; 6 cases are pending.
The last known website on record is nykasteels.co.in.
Company details
Contact details
Nyka Steels Private Limited's registered office is in Mumbai, Maharashtra. Its website is nykasteels.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No 15 Ground Floor Piru Lane Pathanwadi Plot No 1 Bhendi Baazar, Mumbai, Maharashtra, India – 400009
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Nyka Steels 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 Nyka Steels 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 Nyka Steels Private Limited, buy the company report.
Financials of Nyka Steels Private Limited
FY 2022 filings availableNyka Steels Private Limited reported revenue of ₹31.77 Lakh (down 98% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 74% over five years, including a 98% fall in the latest year. EBITDA fell 492% 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 | ₹31.77 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹69.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹96.32 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -217.3% | ||||
| Net Profit Margin | -303.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick 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 Nyka Steels Private Limited, buy the company report.
Board of directors of Nyka Steels Private Limited
Nyka Steels 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 |
|---|---|---|---|---|
| Sarfaraz Ahmed Nizamuddin Siddiqui | Director | 03 Dec 1998 | 27 Years 10 Months | As last reported |
| Asif Nizamuddin Siddiqui | Director | 03 Dec 1998 | 27 Years 10 Months | As last reported |
| Hitesh Kothari Also directs: Kothari & Jain LLP, Kothari and Jain Partners LLP, Hargo Enterprise Private Limited and 1 more | Irp/Rp/Liquidator | 08 Mar 2023 | 3 Years 7 Months | As last reported |
Peer comparison
Nyka Steels Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Real Ispat Alloys Private Limited | ₹32.04 Lakh (FY 2018) | 3943.0% | Kolkata, West Bengal, India | |||
| Nyka Steels Private Limitedthis company | ₹31.77 Lakh (FY 2022) | -₹96.32 Lakh | -303.2% | -98.0% | 30 | Mumbai, Maharashtra, India |
| United Steel Building Systems Private Limited | ₹31.74 Lakh (FY 2024) | -92.0% | Chennai, Tamil Nadu, India | |||
| Abhijeet Integrated Steel Limited | ₹31.53 Lakh (FY 2017) | -86.0% | Durgapur, West Bengal, India | |||
| Neelkanth Recycling Private Limited | ₹31.43 Lakh (FY 2025) | -97.0% | Khanna, Punjab, India |
To see the full peer comparison of Nyka Steels Private Limited, buy the company report.
Auditor
Nyka Steels Private Limited is audited by Ehtesham & Co.Chartered for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ehtesham & Co.Chartered | FY 2022 | 102814W |
Shareholding
The shareholding of Nyka Steels Private 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nyka Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2003 | 90151123 | Uco Bank | ₹40 Cr | Open | |
| 28 Dec 2006 | 10030686 | Icici Bank Limited | ₹13.25 Cr | Satisfied |
To see the full charge records of Nyka Steels Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Nyka Steels Private Limited has 24 court cases on record: 11 filed by Nyka Steels, 13 filed against it. 6 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 10 | 4 |
| NCLT | 3 | 0 | 0 |
| NCLAT | 2 | 2 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by M-S Ajs Impex Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by M/S Ajs Impex Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Ajs Impex Pvt.Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed against the company by Universal Auto Components Pvt. Ltd. @ Appeal 326-19 @ Ba 900-19 - Appellant, Org. Accused and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed against the company by Universal Auto Components Pvt. Ltd. @ Ma 981-19 @ Ba 900-19 - Appellant, Org. Accused | Disposed |
To see the full case history of Nyka Steels 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.
Credit ratings & regulatory alerts
Nyka Steels Private Limited was last rated by Crisil on 31 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Mar 2021 |
To see the full credit ratings and regulatory alerts of Nyka Steels Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nyka Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nyka Steels has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
Employees & EPFO
Nyka Steels Private Limited has a workforce of 30 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Nyka Steels has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Nyka Steels Private Limited, buy the company report.
Recent activity
Nyka Steels Private Limited has 5 board changes on record since 1998: 3 appointments and 2 cessations. The latest: Hitesh Kothari was appointed as Irp/Rp/Liquidator on 08 Mar 2023.
Frequently asked questions
Nyka Steels 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.
Nyka Steels is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 27 July 1995 and is registered under CIN U27109MH1995PTC091072. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nyka Steels has 3 current directors:
- Sarfaraz Ahmed Nizamuddin Siddiqui - Director
- Asif Nizamuddin Siddiqui - Director
- Hitesh Kothari - Irp/Rp/Liquidator
The latest financial statements of Nyka Steels 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 CIN (Corporate Identification Number) of Nyka Steels is U27109MH1995PTC091072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nyka Steels has open charges of ₹40 Cr and satisfied charges of ₹13.25 Cr as per latest MCA filings.
Nyka Steels has 24 court cases on record: 11 filed by the company and 13 filed against it. 6 are pending. Most are in the district courts.
Nyka Steels was incorporated on 27 July 1995. It is registered with the Registrar of Companies, Mumbai.
The peers of Nyka Steels by revenue are Real Ispat Alloys Private Limited, United Steel Building Systems Private Limited, Abhijeet Integrated Steel Limited, Neelkanth Recycling Private Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Hitesh Kothari was appointed as Irp/Rp/Liquidator on 08 Mar 2023. Suhail Ahmed Nizamuddin Siddiqui ceased to be Director on 07 Mar 2019. Nizamuddin Naseeruddin Siddiqui ceased to be Director on 01 Nov 2010. Nyka Steels has 5 board changes on record in total.
Nyka Steels can be reached through the website nykasteels.co.in. Its registered office is in Mumbai, Maharashtra, India.
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