Ormec Engineering Ltd.
About Ormec Engineering Ltd.
Data last updated:
Ormec Engineering Ltd. is a public limited company based in Kolkata, West Bengal, 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 brokerage and trading services segment of the financial services sector. It was incorporated on 29 August 1991.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27310WB1991PLC052880. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹22.01 Lakh. It is led by directors including Mandar Shrikant Wagh (Irp/Rp/Liquidator) and Mudit Kumar Bagla.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 7 Mango Lane Room No. 105, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.18 Lakh, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹16,485 (net margin -7.6%) and EBITDA of -₹8,021 (EBITDA margin -3.7%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 67% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
CIN history
Ormec Engineering has one previous CIN (Corporate Identification Number): L27310WB1991PLC052880. The current CIN is U27310WB1991PLC052880, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27310WB1991PLC052880 | Current |
| L27310WB1991PLC052880 | Previous |
Contact details
Ormec Engineering Ltd.'s registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address7 Mango Lane Room No. 105, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Ormec Engineering Ltd., 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 Ormec Engineering Ltd.
FY 2023 filings availableOrmec Engineering Ltd. reported revenue of ₹2.18 Lakh (down 22% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over five years, including a 22% fall in the latest year. EBITDA fell 131% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹8,021 | ||||
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| Net Profit (PAT) | -₹16,485 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.7% | ||||
| Net Profit Margin | -7.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ormec Engineering Ltd., buy the company report.
Board of directors of Ormec Engineering Ltd.
Ormec Engineering has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mandar Shrikant Wagh Also directs: Anand Chaitanya Corporate Legal Advisors LLP | Irp/Rp/Liquidator | 22 Apr 2024 | 2 Years 6 Months | As last reported |
| Mudit Kumar Bagla | Director | 11 Nov 2002 | 24 Years 0 Months | As last reported |
| Vibha Bagla | Director | 06 Jun 2011 | 15 Years 5 Months | As last reported |
| Sonika Jain | Director | 18 Apr 2023 | 3 Years 6 Months | As last reported |
Auditor
Ormec Engineering Ltd. is audited by LHILA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LHILA & CO | FY 2019 | 313130E |
Shareholding
The shareholding of Ormec Engineering Ltd. is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ormec Engineering Ltd., buy the company report.
Legal cases
Ormec Engineering Ltd. has 1 court case on record: 1 filed by Ormec Engineering. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Company petition | Filed by the company against The Registrar of Companies ,West Bengal | Disposed |
To see the full case history of Ormec Engineering Ltd., 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 Ormec Engineering Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ormec Engineering 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 Ormec Engineering Ltd., buy the company report.
Recent activity
Ormec Engineering Ltd. has 12 board changes on record since 2002: 4 appointments and 8 cessations. The latest: Mandar Shrikant Wagh was appointed as Irp/Rp/Liquidator on 22 Apr 2024.
3 earlier events are in the company report.
Frequently asked questions
Ormec Engineering 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.
Ormec Engineering is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 29 August 1991 and is registered under CIN U27310WB1991PLC052880. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ormec Engineering has 4 current directors:
- Mudit Kumar Bagla - Director
- Vibha Bagla - Director
- Sonika Jain - Director
- Mandar Shrikant Wagh - Irp/Rp/Liquidator
The latest financial statements of Ormec Engineering on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ormec Engineering is U27310WB1991PLC052880. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ormec Engineering has 1 court case on record: 1 filed by the company.
Ormec Engineering was incorporated on 29 August 1991. It is registered with the Registrar of Companies, Kolkata.
Mandar Shrikant Wagh was appointed as Irp/Rp/Liquidator on 22 Apr 2024. Sonika Jain ceased to be Additional Director on 29 Sep 2023. Sonika Jain was appointed as Director on 18 Apr 2023. Ormec Engineering has 12 board changes on record in total.
The registered office of Ormec Engineering is at 7 Mango Lane Room No. 105, Kolkata, West Bengal, India – 700001.
No. Ormec Engineering has 1 GST registration on record and it is cancelled or inactive.
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