Poscho Steels Private Limited
About Poscho Steels Private Limited
Data last updated:
Poscho Steels Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 23 August 1999.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51100MH1999PTC121425. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.5 Cr. It was led by directors Mangesh Heeraji Gorivale and Chandrakant Shankar Lad.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 308 3rd Floor Ceejay House Dr. A. B. Road Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2019, the company reported a revenue of ₹17,080, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹58.45 Cr and EBITDA of -₹58.45 Cr. Revenue has declined at a compounded annual rate (CAGR) of 99% over three years.
As per MCA filings, the company had open charges of ₹129.75 Cr and satisfied charges of ₹10 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it.
Company details
Contact details
Poscho Steels Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address308 3rd Floor Ceejay House Dr. A. B. Road Worli, Mumbai, Maharashtra, India – 400018
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Poscho 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 Poscho Steels is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
Financials of Poscho Steels Private Limited
FY 2019 filings availablePoscho Steels Private Limited reported revenue of ₹17,080 (down 100% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 99% over three years. EBITDA fell 291% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹17,080 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹58.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹58.45 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| 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 Poscho Steels Private Limited, buy the company report.
Board of directors of Poscho Steels Private Limited
Poscho Steels has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mangesh Heeraji Gorivale | Director | 15 Dec 2014 | 11 Years 10 Months | As last reported |
| Chandrakant Shankar Lad | Director | 11 Jun 2014 | 12 Years 4 Months | As last reported |
Peer comparison
Poscho Steels Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vrunda Vitthal Agri Infra Private Limited | ₹17,558 (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Vaksons Metaplast Private Limited | ₹17,265 (FY 2023) | -100.0% | New Delhi, Delhi, India | |||
| Poscho Steels Private Limitedthis company | ₹17,080 (FY 2019) | -₹58.45 Cr | -100.0% | Mumbai, Maharashtra, India | ||
| Nikita Impex Private Limited | ₹16,976 (FY 2022) | -96.0% | New Delhi, Delhi, India |
To see the full peer comparison of Poscho Steels Private Limited, buy the company report.
Auditor
Poscho Steels Private Limited is audited by JAIN & CHHORIYA for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN & CHHORIYA | FY 2019 | 122061W |
Shareholding
The shareholding of Poscho Steels Private Limited 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 Poscho Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Aug 2009 | 10173131 | Punjab National Bank | ₹10 Cr | Open | |
| 07 May 2009 | 10158869 | Punjab National Bank | ₹10 Cr | Open | |
| 12 Mar 2008 | 10094971 | Punjab National Bank | ₹10 Cr | Open | |
| 24 Dec 2007 | 10082978 | Punjab National Bank | ₹5 Cr | Open | |
| 12 Sep 2007 | 10068601 | Punjab National Bank | ₹2 Cr | Open |
To see the full charge records of Poscho Steels Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Poscho Steels Private Limited has 6 court cases on record: 4 filed by Poscho Steels, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Punjab National Bank Through Haresh Shah | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Punjab National Bank Th Mr Sanjay Neema | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Dy. Commissioner of Income Tax, Central Circle and 3 Ors. | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Poscho 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Poscho Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Poscho Steels 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 Poscho Steels Private Limited, buy the company report.
Recent activity
Poscho Steels Private Limited has 10 board changes on record since 2008: 2 appointments and 8 cessations. The latest: Chandrakant Shankar Lad ceased to be Additional Director on 28 Sep 2015.
11 earlier events are in the company report.
Frequently asked questions
Poscho Steels has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Poscho Steels was a private limited company based in Mumbai, Maharashtra, India. The company worked in metal retail and distribution, within the metals and minerals industry. It was incorporated on 23 August 1999 and is registered under CIN U51100MH1999PTC121425. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Poscho Steels was incorporated on 23 August 1999. It is registered with the Registrar of Companies, Mumbai.
Poscho Steels had 2 directors:
- Mangesh Heeraji Gorivale - Director
- Chandrakant Shankar Lad - Director
The CIN (Corporate Identification Number) of Poscho Steels is U51100MH1999PTC121425. 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 Poscho Steels is at 308 3rd Floor Ceejay House Dr. A. B. Road Worli, Mumbai, Maharashtra, India – 400018.
The latest financial statements of Poscho Steels on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Poscho Steels has 1 GST registration on record and it is cancelled or inactive.
Poscho Steels operated in the metals and minerals industry, in the metal retail and distribution segment.
The peers of Poscho Steels by revenue are Vrunda Vitthal Agri Infra Private Limited, Vaksons Metaplast Private Limited, Nikita Impex Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Poscho Steels has 6 court cases on record: 4 filed by the company and 2 filed against it. Most are in the high courts.