About Salasar Exim Limited
Data last updated:
Salasar Exim Limited is a public limited company based in Howrah, 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 steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 25 June 2004.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB2004PLC098942. Its GSTIN is 19AAICS8273N1ZF (West Bengal).
The company has an authorised share capital of ₹24.5 Lakh and a paid-up capital of ₹10.9 Lakh. It was formerly known as Salasar Exim Private Limited. It is led by directors including Ashish Kumar Mandelia and Daulat Singh.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 222 Girish Ghosh Roadhowrah, West Bengal, India – 711102.
As per the financials filed for FY 2021, the company reported a revenue of ₹218.1 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹17.71 Lakh (net margin 0.1%) and EBITDA of ₹1.12 Cr (EBITDA margin 0.5%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 24% over five years.
As per MCA filings, the company has open charges of ₹8.31 Cr and satisfied charges of ₹4 Cr on record. Court records list 16 cases involving the company, including 2 filed by the company and 14 filed against it; 6 cases are pending.
The last known website on record is salasarbrightbar.com.
Company details
CIN history
Salasar Exim has one previous CIN (Corporate Identification Number): U51909WB2004PTC098942. The current CIN is U51909WB2004PLC098942, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909WB2004PLC098942 | Current |
| U51909WB2004PTC098942 | Previous |
Contact details
Salasar Exim Limited's registered office is in Howrah, West Bengal. Its website is salasarbrightbar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address222 Girish Ghosh Roadhowrah, West Bengal, India – 711102
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Salasar Exim 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 activities of Salasar Exim are manufacturing and trade. In detail, this covers metal and metal products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Salasar Exim Limited, buy the company report.
Financials of Salasar Exim Limited
FY 2021 filings availableSalasar Exim Limited reported revenue of ₹218.1 Cr (up 51% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 51% growth in the latest year. EBITDA fell 16% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹218.1 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.71 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.5% | ||||
| Net Profit Margin | 0.1% | ||||
| 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 Salasar Exim Limited, buy the company report.
Board of directors of Salasar Exim Limited
Salasar Exim has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Kumar Mandelia | Director | 28 Jul 2022 | 4 Years 2 Months | As last reported |
| Daulat Singh | Director | 12 Aug 2014 | 12 Years 2 Months | As last reported |
| Atashi Sardar Also directs: Teselbay Manufacturing Private Limited, Prabhu Rice Mill Private Limited, Teselbay Overseas Private Limited and 1 more | Director | 05 Jan 2021 | 5 Years 9 Months | As last reported |
Peer comparison
Salasar Exim Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Crest Steel (Una) Private Limited | ₹219.3 Cr (FY 2018) | 34.0% | Amb, Himachal Pradesh, India | |||
| Met Rolla Steels Private Limited | ₹219.22 Cr (FY 2025) | -9.0% | Muvattupuzha, Kerala, India | |||
| Vankal Cables and Transmission Limited | ₹219 Cr (FY 2025) | 276.0% | Baikunth, Chhattisgarh, India | |||
| R L J Concast Private Limited | ₹218.79 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India | |||
| Salasar Exim Limitedthis company | ₹218.1 Cr (FY 2021) | ₹17.71 Lakh | 0.1% | 51.0% | Howrah, West Bengal, India | |
| Narsimha Iron & Steel Private Limited | ₹218.02 Cr (FY 2025) | -7.0% | Ramgarh, Jharkhand, India | |||
| L D Goyal Steels Private Limited | ₹216.69 Cr (FY 2025) | 6.0% | Aligarh, Uttar Pradesh, India | |||
| Shreesatya Steel & Power Private Limited | ₹216.62 Cr (FY 2025) | -39.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Salasar Exim Limited, buy the company report.
Auditor
Salasar Exim Limited is audited by BASU DAS & BASU for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BASU DAS & BASU | FY 2021 | 311038E |
Shareholding
The shareholding of Salasar Exim Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Salasar Exim Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Apr 2022 | 100578226 | Hdfc Bank Limited | ₹5 Lakh | Open | |
| 12 Apr 2022 | 100578063 | Hdfc Bank Limited | ₹10 Lakh | Open | |
| 09 Sep 2020 | 100382161 | Others | ₹57.27 Lakh | Open | |
| 31 Jan 2019 | 100243285 | Others | ₹3 Cr | Open | |
| 19 Mar 2016 | 100027114 | Hdfc Bank Limited | ₹4.58 Cr | Open |
To see the full charge records of Salasar Exim Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Salasar Exim Limited has 16 court cases on record: 2 filed by Salasar Exim, 14 filed against it. 6 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 12 | 6 |
| High courts | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by Bajaj Finance Limited | Pending |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by SMFG India Credit Company Ltd | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Yes Bank Ltd. | Pending |
| District court, Howrah, West Bengal | Court case (4.Money Execution) | Filed against the company by SMFG India Credit Company Limited | Pending |
| District court, North Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by M/S Tata Steel Limited | Pending |
To see the full case history of Salasar Exim 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 Salasar Exim Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Salasar Exim has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAICS8273N1ZF | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Salasar Exim Limited, buy the company report.
Recent activity
Salasar Exim Limited has 11 board changes on record since 2009: 3 appointments and 8 cessations. The latest: Amar Kumar Mandelia ceased to be Director on 29 Jul 2022.
13 earlier events are in the company report.
Frequently asked questions
Salasar Exim 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.
Salasar Exim is a company under liquidation, formerly operating as a public limited company based in Howrah, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 25 June 2004 and is registered under CIN U51909WB2004PLC098942. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Salasar Exim has 3 current directors:
- Ashish Kumar Mandelia - Director
- Daulat Singh - Director
- Atashi Sardar - Director
The latest financial statements of Salasar Exim on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Salasar Exim is U51909WB2004PLC098942. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salasar Exim has open charges of ₹8.31 Cr and satisfied charges of ₹4 Cr as per latest MCA filings.
Salasar Exim has 16 court cases on record: 2 filed by the company and 14 filed against it. 6 are pending. Most are in the district courts.
Salasar Exim was incorporated on 25 June 2004. It is registered with the Registrar of Companies, Kolkata.
The peers of Salasar Exim by revenue are Crest Steel (Una) Private Limited, Met Rolla Steels Private Limited, Vankal Cables and Transmission Limited, R L J Concast Private Limited, Narsimha Iron & Steel Private Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Amar Kumar Mandelia ceased to be Director on 29 Jul 2022. Ashish Kumar Mandelia was appointed as Director on 28 Jul 2022. Aman Jaiswal ceased to be Director on 30 Nov 2021. Salasar Exim has 11 board changes on record in total.
Salasar Exim can be reached through the website salasarbrightbar.com. Its registered office is in Howrah, West Bengal, India.