About Saicon Steels Private Limited
Data last updated:
Saicon Steels Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Innoventive Industries Limited. The company has been dissolved (liquidated) 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 11 December 2003.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U27100MH2003PTC143498. Its GSTIN is 26AAHCS9931J3ZS (Dadra and Nagar Haveli and Daman and Diu). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.45 Cr. It was led by directors including Shyamsunder Vishwanath Agarwal and Dinkar Gajdhane Maruti.
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 Gala No – 8 – B D'Souzacompound Tilak Nagar Sakinaka, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2016, the company reported a revenue of ₹4.7 Lakh, a growth of 121% compared to the previous year. For the same year it recorded a net loss of ₹7.73 Cr and EBITDA of -₹18.04 Lakh (EBITDA margin -383.8%).
As per MCA filings, the company had open charges of ₹43.38 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it; 3 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in December 2006.
The last known website on record is innoventive.in.
Company details
Contact details
Saicon Steels Private Limited's registered office is in Mumbai, Maharashtra. Its website is innoventive.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGala No – 8 – B D'Souzacompound Tilak Nagar Sakinaka, Mumbai, Maharashtra, India – 400072
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Saicon 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
Financials of Saicon Steels Private Limited
FY 2016 filings availableSaicon Steels Private Limited reported revenue of ₹4.7 Lakh (up 121% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 121% 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 | ₹4.7 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹18.04 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹7.73 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 | -383.8% | |
| 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 Saicon Steels Private Limited, buy the company report.
Board of directors of Saicon Steels Private Limited
Saicon 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 |
|---|---|---|---|---|
| Dinkar Gajdhane Maruti | Additional Director | 24 Nov 2016 | 9 Years 11 Months | As last reported |
| Shyamsunder Vishwanath Agarwal | Director | 11 Dec 2003 | 22 Years 10 Months | As last reported |
| Ramprasad Savlaram Joshi | Additional Director | 01 Oct 2013 | 13 Years 0 Months | As last reported |
Auditor
Saicon Steels Private Limited is audited by A M B & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A M B & CO | FY 2016 | 126045W |
Shareholding
The shareholding of Saicon Steels Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Saicon Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2005 | 80039276 | Canara Bank | ₹39.38 Cr | Open | |
| 10 Nov 2004 | 90141391 | Small Industries Development Bank of India | ₹4 Cr | Open |
To see the full charge records of Saicon Steels Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Saicon Steels Private Limited has 1 deal on record (1 acquisition); the latest was in December 2006.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2006 | Acquisition | Undisclosed | Buyer: Innoventive Industries Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Saicon Steels Private Limited has 8 court cases on record: 7 filed by Saicon Steels, 1 filed against it. 3 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 2 |
| NCLT | 2 | 0 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Midfield Industries Ltd. and 6 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Accent Packaging Pvt Ltd | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Midfield Industries Ltd. and 6 | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
To see the full case history of Saicon 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 Saicon Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saicon Steels has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAHCS9931J3ZS | Dadra and Nagar Haveli and Daman and Diu | Active | 09 Jun 2021 |
To see the full GST registrations and return filing status of Saicon Steels Private Limited, buy the company report.
Recent activity
Saicon Steels Private Limited has 5 board changes on record since 2003: 3 appointments and 2 cessations. The latest: Dinkar Gajdhane Maruti was appointed as Additional Director on 24 Nov 2016.
News
Frequently asked questions
Saicon Steels has been "Dissolved (Liquidated)" 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.
Saicon Steels was a private limited company based in Mumbai, Maharashtra, India. The company worked in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 11 December 2003 and is registered under CIN U27100MH2003PTC143498. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Saicon Steels was incorporated on 11 December 2003. It is registered with the Registrar of Companies, Mumbai.
Saicon Steels had 3 directors:
- Dinkar Gajdhane Maruti - Additional Director
- Shyamsunder Vishwanath Agarwal - Director
- Ramprasad Savlaram Joshi - Additional Director
The CIN (Corporate Identification Number) of Saicon Steels is U27100MH2003PTC143498. 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 Saicon Steels is at Gala No – 8 – B DSouzacompound Tilak Nagar Sakinaka, Mumbai, Maharashtra, India – 400072.
Saicon Steels can be reached through the website innoventive.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Saicon Steels 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.
The GSTIN of Saicon Steels is 26AAHCS9931J3ZS, registered in Dadra and Nagar Haveli and Daman and Diu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Saicon Steels operated in the metals and minerals industry, in the metal manufacturing and processing segment.