S S P Sponge Iron Private Limited
About S S P Sponge Iron Private Limited
Data last updated:
S S P Sponge Iron Private Limited was a private limited company based in Hyderabad, Telangana, 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 metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 29 October 2007.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U13100TG2007PTC056107. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹11 Cr and a paid-up capital of ₹5.8 Cr. It was led by directors Yedida Kanaka Rao and Lokeswara Reddy Putha.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Plot No 1183 Hno 8 – 3 – 430/1/23 Yellareddyguda 01st Floor Street No 10 Ameerpet, Hyderabad, Telangana, India – 500073.
As per the financials filed for FY 2016, the company reported a revenue of ₹4.89 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹11.53 Cr (net margin -235.9%) and EBITDA of -₹8.05 Cr (EBITDA margin -164.6%).
As per MCA filings, the company had open charges of ₹31.68 Cr and satisfied charges of ₹44.13 Cr on record. Court records list 9 cases involving the company, including 9 filed against it; 2 cases are pending.
Company details
CIN history
S S P Sponge Iron has one previous CIN (Corporate Identification Number): U13100AP2007PTC056107. The current CIN is U13100TG2007PTC056107, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U13100TG2007PTC056107 | Current |
| U13100AP2007PTC056107 | Previous |
Contact details
S S P Sponge Iron Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 1183 Hno 8 – 3 – 430/1/23 Yellareddyguda 01st Floor Street No 10 Ameerpet, Hyderabad, Telangana, India – 500073
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of S S P Sponge Iron 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
Financials of S S P Sponge Iron Private Limited
FY 2016 filings availableS S P Sponge Iron Private Limited reported revenue of ₹4.89 Cr (down 68% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 68% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹4.89 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹8.05 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹11.53 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -164.6% | |
| Net Profit Margin | -235.9% | |
| 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 S S P Sponge Iron Private Limited, buy the company report.
Board of directors of S S P Sponge Iron Private Limited
S S P Sponge Iron has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lokeswara Reddy Putha | Additional Director | 03 Jan 2018 | 8 Years 10 Months | As last reported |
| Yedida Kanaka Rao Also directs: Sri Sai Sindhu Impex Private Limited | Director | 26 Oct 2017 | 9 Years 0 Months | As last reported |
Auditor
S S P Sponge Iron Private Limited is audited by V D N R & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V D N R & ASSOCIATES | FY 2016 | 011251S |
Shareholding
The shareholding of S S P Sponge Iron Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of S S P Sponge Iron Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2008 | 10135134 | City Union Bank Limited | ₹31.48 Cr | Open | |
| 21 Dec 2007 | 10080779 | Srei Infrastructure Finance Limited | ₹20.36 Lakh | Open | |
| 28 Dec 2016 | 100087327 | City Union Bank Limited | ₹1.9 Cr | Satisfied | |
| 22 Sep 2010 | 10247833 | City Union Bank Limited | ₹42.23 Cr | Satisfied |
To see the full charge records of S S P Sponge Iron Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
S S P Sponge Iron Private Limited has 9 court cases on record: 9 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
| NCLT | 3 | 3 | 0 |
| High courts | 2 | 2 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (SC NIA) | Filed against the company by Swastik Coal Corporation Pvt.Ltd Thro. Narayan Bindal and 1 other | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S.Hemang Resources Ltd | Disposed |
| High Court, TAMIL NADU | Civil suit | Filed against the company by Hemang Resources Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by M/S Hemang Resources Ltd | Disposed |
| District court, BALLARI, Karnataka | Criminal complaint | Filed against the company by Ms Magnifico Minerals Pvt. Ltd Rep. by Autho. Person Mr. Mukesh Chaurasia | Disposed |
To see the full case history of S S P Sponge Iron 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 S S P Sponge Iron Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
S S P Sponge Iron 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 S S P Sponge Iron Private Limited, buy the company report.
Recent activity
S S P Sponge Iron Private Limited has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Kambam Rama Devi ceased to be Director on 16 Mar 2018.
7 earlier events are in the company report.
Frequently asked questions
S S P Sponge Iron 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.
S S P Sponge Iron was a private limited company based in Hyderabad, Telangana, India. The company worked in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 29 October 2007 and is registered under CIN U13100TG2007PTC056107. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
S S P Sponge Iron was incorporated on 29 October 2007. It is registered with the Registrar of Companies, Hyderabad.
S S P Sponge Iron had 2 directors:
- Lokeswara Reddy Putha - Additional Director
- Yedida Kanaka Rao - Director
The CIN (Corporate Identification Number) of S S P Sponge Iron is U13100TG2007PTC056107. 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 S S P Sponge Iron is at Plot No 1183 Hno 8 – 3 – 430123 Yellareddyguda 01st Floor Street No 10 Ameerpet, Hyderabad, Telangana, India – 500073.
The latest financial statements of S S P Sponge Iron on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. S S P Sponge Iron has 1 GST registration on record and it is cancelled or inactive.
S S P Sponge Iron operated in the metals and minerals industry, in the metal manufacturing and processing segment.
S S P Sponge Iron has 9 court cases on record: 9 filed against it. 2 are pending. Most are in the district courts.
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