Sponge Iron India Ltd
About Sponge Iron India Ltd
Data last updated:
Sponge Iron India Ltd was a public limited company based in Hyderabad, Telangana, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the iron and steel segment of the steel sector. It was incorporated on 18 March 1975.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U27102TG1975PLC001866.
The company had an authorised share capital of ₹66 Cr and a paid-up capital of ₹65.1 Cr. It was led by directors including Rana Som (Managing Director) and Narsing Rao Singayapally.
Its last annual general meeting (AGM) was held on 25 June 2010, and its latest financial statements are for the year ended 31 March 2010. The registered office was at Khanij Bhavan Castle Hills Masab Tank Hyderabad – 500028, Telangana, India – 500028.
Court records list 87 cases involving the company, including 38 filed by the company and 56 filed against it; 3 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in June 2009.
Company details
CIN history
Sponge Iron India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U27102TG1975PLC001866, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27102TG1975PLC001866 | Current |
| L27102AP1975PLC001866 | Previous |
| U27102AP1975PLC001866 | Previous |
Contact details
Sponge Iron India Ltd's registered office is in Hyderabad, Telangana.
- Registered AddressKhanij Bhavan Castle Hills Masab Tank Hyderabad – 500028, Telangana, India – 500028
- IndustrySteel, Iron & Steel, Manufacturing
- 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 Sponge Iron India Ltd
FY 2010 filings availableFinancial Statement Summary
| Metrics | FY 2009-10 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | |
| 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 2009-10 |
|---|---|
| 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 Sponge Iron India Ltd, buy the company report.
Board of directors of Sponge Iron India Ltd
Sponge Iron India has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narsing Rao Singayapally Also directs: Kaveri Seed Company Ltd., HBL Engineering Limited, SVLN Farm Fields Private Limited and 3 more | Director | 24 Nov 2006 | 19 Years 11 Months | As last reported |
| Sanjay Mangal | Director | 21 Jan 2009 | 17 Years 9 Months | As last reported |
| Rana Som Also directs: Midwest Limited, Sumedha Fiscal Services Ltd, Bengal Birbhum Coalfields Limited and 5 more | Managing Director | 06 May 2009 | 17 Years 5 Months | As last reported |
Deals & funding
Sponge Iron India Ltd has 1 deal on record (1 acquisition); the latest was in June 2009.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2009 | Acquisition | Undisclosed | Buyer: NMDC Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sponge Iron India Ltd has 87 court cases on record: 38 filed by Sponge Iron India, 56 filed against it. 3 cases are pending and 84 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 71 | 50 | 1 |
| District courts | 10 | 1 | 0 |
| Supreme Court | 6 | 5 | 2 |
Cases on record (5 of 87)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4301-Service Laws : Appointment, Compassionate appointment, temporary appointment, recruitment,probation and confirmation, suspension, reduction in rank, termination, dismissal, removal, retirement, disciplinary proceedings against employees) | Filed against the company by National Mineral Development Corporation Limited Through IT CMD, Having Office at :-Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tannk, Hyderabad ,Hyderabad , Telangana | Pending |
| District court, BALLARI, Karnataka | Court case (COM.A.S.) | Filed by the company against M/S Daimler Financial Services India Pvt Ltd Chennai and 1 other | Disposed |
| High Court for State of Telangana | Appeal | Filed against the company by National Mineral Development Corporation Ltd., | Disposed |
| High Court, TELANGANA | Court case (CRLP) | Filed against the company by M/S Sree Aravindh Steel Ltd., and 1 other | Disposed |
| High Court | Writ petition | Filed against the company by STC Transports (P) Ltd | Disposed |
To see the full case history of Sponge Iron India Ltd, 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 Sponge Iron India Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Sponge Iron India Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sponge Iron India Ltd has 8 board changes on record since 2006: 3 appointments and 5 cessations. The latest: Rana Som was appointed as Managing Director on 06 May 2009.
Frequently asked questions
Sponge Iron India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sponge Iron India was a public limited company based in Hyderabad, Telangana, India. The company worked in iron and steel, within the steel industry. It was incorporated on 18 March 1975 and is registered under CIN U27102TG1975PLC001866. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sponge Iron India was incorporated on 18 March 1975. It is registered with the Registrar of Companies, Hyderabad.
Sponge Iron India had 3 directors:
- Rana Som - Managing Director
- Narsing Rao Singayapally - Director
- Sanjay Mangal - Director
The CIN (Corporate Identification Number) of Sponge Iron India is U27102TG1975PLC001866. 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 Sponge Iron India is at Khanij Bhavan Castle Hills Masab Tank Hyderabad – 500028, Telangana, India – 500028.
The latest financial statements of Sponge Iron India on record with the MCA are for the year ended 31 March 2010. Its last annual general meeting was held on 25 June 2010. Year-wise statements from 2015 are in the company report.
Sponge Iron India operated in the steel industry, in the iron and steel segment.
Sponge Iron India has 1 deal on record (1 acquisition); the latest was in June 2009.
Sponge Iron India has 87 court cases on record: 38 filed by the company and 56 filed against it. 3 are pending. Most are in the high courts.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
