About SBQ Steels Limited
Data last updated:
SBQ Steels Limited was a public limited company based in Chennai, Tamil Nadu, India. 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 steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 22 March 2007.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U27310TN2007PLC062823. Its GSTIN is 33AAKCS8867Q1Z9 (Tamil Nadu). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹81 Cr and a paid-up capital of ₹78.4 Cr. It was led by director Joseph Philip.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 6/13 North Avenue Kesavaperumalpuram, Chennai, Tamil Nadu, India – 600028.
As per the financials filed for FY 2018, the company reported a revenue of ₹174.46 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹148.87 Cr (net margin -85.3%) and EBITDA of -₹59.38 Cr (EBITDA margin -34%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 18% over five years.
The company had about 8 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹3,153.3 Cr and satisfied charges of ₹518.25 Cr on record. Court records list 196 cases involving the company, including 119 filed by the company and 79 filed against it; 13 cases are pending. The company has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹137.92 Cr; the latest was in December 2020.
The last known website on record is sbqsteels.com.
Company details
Contact details
SBQ Steels Limited's registered office is in Chennai, Tamil Nadu. Its website is sbqsteels.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address6/13 North Avenue Kesavaperumalpuram, Chennai, Tamil Nadu, India – 600028
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of SBQ Steels 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 SBQ Steels are electricity, gas, steam and air condition supply and manufacturing. In detail, this covers electric power generation, transmission and distribution and metal and metal products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of SBQ Steels Limited, buy the company report.
Financials of SBQ Steels Limited
FY 2017 filings availableSBQ Steels Limited reported revenue of ₹174.46 Cr (up 18% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 18% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 18%. 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹174.46 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹59.38 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹148.87 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -34% | |||
| Net Profit Margin | -85.3% | |||
| 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 SBQ Steels Limited, buy the company report.
Board of directors of SBQ Steels Limited
SBQ Steels has 1 current director and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joseph Philip | Director | 29 Mar 2014 | 12 Years 6 Months | As last reported |
Auditor
SBQ Steels Limited is audited by KUMBHAT & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUMBHAT & CO | FY 2018 | 001609S |
Shareholding
The shareholding of SBQ Steels Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of SBQ Steels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2012 | 10350455 | Others | ₹2,047.3 Cr | Open | |
| 22 Apr 2010 | 10216259 | Edelweiss Asset Reconstruction Company Limited | ₹57.6 Cr | Open | |
| 04 Mar 2010 | 10206901 | Others | ₹360 Cr | Open | |
| 19 Aug 2009 | 10171762 | Others | ₹282 Cr | Open | |
| 08 May 2009 | 10158075 | Edelweiss Asset Reconstruction Company Limited | ₹32.4 Cr | Open |
To see the full charge records of SBQ Steels Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
SBQ Steels Limited has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹137.92 Cr; the latest was in December 2020.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Acquisition | ₹270 Cr | Buyer: Liberty House Group |
| Apr 2009 | Funding round | ₹137.92 Cr | Investors: ADG Fund Ltd. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SBQ Steels Limited has 196 court cases on record: 119 filed by SBQ Steels, 79 filed against it. 13 cases are pending and 183 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 124 | 37 | 10 |
| District courts | 65 | 39 | 3 |
| NCLT | 4 | 2 | 0 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 196)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Appeal | Filed against the company by M/S Goyal MG Gases Pvt Ltd | Pending |
| High Court, ANDHRAPRADESH | Court case (AS) | Filed against the company by Moorgate Industries India Pvt. Ltd. and 1 other | Pending |
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by Paharpur Cooling Towers Ltd., | Disposed |
| NCLT, Chennai | Insolvency matter | Filed against the company by Liberty Steel SBQ Limited | Disposed |
| District court, Cuttack, Odisha | Court case (C.S. (iii)) | Filed against the company by Nilachal Refractories Limited | Disposed |
To see the full case history of SBQ Steels 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 SBQ Steels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
SBQ Steels Limited has a workforce of 8 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
SBQ Steels has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAKCS8867Q1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
| 37AAKCS8867Q1Z1 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SBQ Steels Limited, buy the company report.
Recent activity
SBQ Steels Limited has 21 board changes on record since 2007: 1 appointment and 20 cessations. The latest: Balakrishnan Subramanyan ceased to be Company Secretary on 30 Jun 2014.
49 earlier events are in the company report.
Frequently asked questions
SBQ 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.
SBQ Steels was a public limited company based in Chennai, Tamil Nadu, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 22 March 2007 and is registered under CIN U27310TN2007PLC062823. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
SBQ Steels was incorporated on 22 March 2007. It is registered with the Registrar of Companies, Chennai.
SBQ Steels had 1 director:
- Joseph Philip - Director
The CIN (Corporate Identification Number) of SBQ Steels is U27310TN2007PLC062823. 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 SBQ Steels is at 613 North Avenue Kesavaperumalpuram, Chennai, Tamil Nadu, India – 600028.
SBQ Steels can be reached through the website sbqsteels.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of SBQ Steels on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of SBQ Steels is 33AAKCS8867Q1Z9, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AAKCS8867Q1Z1 (Andhra Pradesh).
SBQ Steels operated in the metals and minerals industry, in the steel manufacturing and processing segment.