Steadfast Shipping Private Limited
About Steadfast Shipping Private Limited
Data last updated:
Steadfast Shipping Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 23 November 2011.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U35122MH2011PTC224284. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Nilesh Rajendra Kothari (Irp/Rp/Liquidator) and Dileep Bhalchandra Thakurdesai.
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 is at Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹96.49 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.1 Cr (net margin -321.1%) and EBITDA of ₹27.97 Lakh (EBITDA margin 29%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years.
As per MCA filings, the company has open charges of ₹24.5 Cr on record. Court records list 13 cases involving the company, including 2 filed by the company and 11 filed against it; 6 cases are pending.
Company details
Contact details
Steadfast Shipping Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address603/604 Cliff Towers Lokhandwala Complex Samarth Nagar Cross Rd No. 3 Off J.P. Road An, Dheri West, Mumbai, Maharashtra, India – 400053
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Steadfast Shipping 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
Business activity
The main business activity of Steadfast Shipping is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Steadfast Shipping Private Limited, buy the company report.
Financials of Steadfast Shipping Private Limited
FY 2017 filings availableSteadfast Shipping Private Limited reported revenue of ₹96.49 Lakh (up 568% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 568% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 54%. EBITDA rose 302% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹96.49 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹27.97 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹3.1 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 29% | ||
| Net Profit Margin | -321.1% | ||
| 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 Steadfast Shipping Private Limited, buy the company report.
Board of directors of Steadfast Shipping Private Limited
Steadfast Shipping has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilesh Rajendra Kothari | Irp/Rp/Liquidator | 27 Dec 2024 | 1 Years 10 Months | As last reported |
| Dileep Bhalchandra Thakurdesai Also directs: Mec Infrastructure Private Limited | Director | 23 Nov 2011 | 14 Years 11 Months | As last reported |
| Parthoprotim Burmonroy Also directs: Bluehill Marine Consultants Private Limited | Director | 23 Nov 2011 | 14 Years 11 Months | As last reported |
Auditor
Steadfast Shipping Private Limited is audited by PUNAMIYA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PUNAMIYA & ASSOCIATES | FY 2017 | 108212W |
Shareholding
The shareholding of Steadfast Shipping Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Steadfast Shipping Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2012 | 10411104 | Punjab National Bank (International) Limited | ₹24.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Steadfast Shipping Private Limited has 13 court cases on record: 2 filed by Steadfast Shipping, 11 filed against it. 6 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 11 | 11 | 4 |
| High courts | 2 | 0 | 2 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Square Four Housing & Infrastructure Development Private Limited [Auction Purchaser] | Pending |
| NCLAT, Court IV | Tribunal matter | Filed against the company by Square Four Housing & Infrastructure Development Private Limited [Auction Purchaser] | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Square Four Housing & Infrastructure Development Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Square Four Housing & Infrastructure Development Private Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Square Four Housing & Infrastructure Development Limited | Pending |
To see the full case history of Steadfast Shipping 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 Steadfast Shipping Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Steadfast Shipping has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Steadfast Shipping Private Limited, buy the company report.
Recent activity
Steadfast Shipping Private Limited has 3 board changes on record since 2011: 3 appointments. The latest: Nilesh Rajendra Kothari was appointed as Irp/Rp/Liquidator on 27 Dec 2024.
Frequently asked questions
Steadfast Shipping is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Steadfast Shipping is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 23 November 2011 and is registered under CIN U35122MH2011PTC224284. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Steadfast Shipping has 3 current directors:
- Dileep Bhalchandra Thakurdesai - Director
- Parthoprotim Burmonroy - Director
- Nilesh Rajendra Kothari - Irp/Rp/Liquidator
The latest financial statements of Steadfast Shipping 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 CIN (Corporate Identification Number) of Steadfast Shipping is U35122MH2011PTC224284. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Steadfast Shipping has open charges of ₹24.5 Cr and no satisfied charges on record as per latest MCA filings.
Steadfast Shipping has 13 court cases on record: 2 filed by the company and 11 filed against it. 6 are pending. Most are in the nclat.
Steadfast Shipping was incorporated on 23 November 2011. It is registered with the Registrar of Companies, Mumbai.
Nilesh Rajendra Kothari was appointed as Irp/Rp/Liquidator on 27 Dec 2024. Dileep Bhalchandra Thakurdesai was appointed as Director on 23 Nov 2011. Parthoprotim Burmonroy was appointed as Director on 23 Nov 2011.
The registered office of Steadfast Shipping is at 603604 Cliff Towers Lokhandwala Complex Samarth Nagar Cross Rd No. 3 Off J.P. Road An, Dheri West, Mumbai, Maharashtra, India – 400053.
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