About Steel Strips Ltd
Data last updated:
Steel Strips Ltd was a public limited company based in Sangrur, Punjab, 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 auto parts and components segment of the automotive sector. It was incorporated on 23 December 1975.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN L45202PB1975PLC003610. It is recorded as listed by MCA, but its shares were delisted from BSE on 03 Jan 2022 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.28 Cr. It was led by directors including Sanjay Garg (Whole-Time Director) and Rajinder Kumar Garg.
Its last annual general meeting (AGM) was held on 29 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Village Harkishanpura Bhawanigarh Teh, Sangrur, Punjab, India – 148026.
As per the financials filed for FY 2020, the company reported a revenue of ₹21,824, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹98.55 Lakh and EBITDA of -₹88.74 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 77% over three years and 43% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Steel Strips Limited. As per MCA filings, the company had satisfied charges of ₹104.93 Cr on record. Court records list 182 cases involving the company, including 93 filed by the company and 89 filed against it; 10 cases are pending.
The last known website on record is sslindia.net.
Company details
Contact details
Steel Strips Ltd's registered office is in Sangrur, Punjab. Its website is sslindia.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressVillage Harkishanpura Bhawanigarh Teh, Sangrur, Punjab, India – 148026
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Steel Strips Ltd, 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
Brands
Steel Strips operates one associated brand: Steel Strips Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of steel strips and provision of related industrial information. | sslindia.net |
Financials of Steel Strips Ltd
FY 2020 filings availableSteel Strips Ltd reported revenue of ₹21,824 (down 100% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over five years. 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21,824 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹88.74 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹98.55 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | |||||
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| 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 Steel Strips Ltd, buy the company report.
Board of directors of Steel Strips Ltd
Steel Strips has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Garg Also directs: Sab Industries Limited, Steel Strips Wheels Ltd, Steel Strips Infrastructures Limited and 5 more | Whole-Time Director | 28 Nov 1994 | 31 Years 10 Months | As last reported |
| Rajinder Kumar Garg Also directs: Sab Industries Limited, Steel Strips Wheels Ltd, Steel Strips Infrastructures Limited and 1 more | Director | 26 Dec 1975 | 50 Years 9 Months | As last reported |
| Surinder Singh Virdi | Director | 04 Mar 1982 | 44 Years 7 Months | As last reported |
| Madan Mohan Chopra | Director | 28 Nov 1994 | 31 Years 10 Months | As last reported |
| Humesh Kumar Singhal Also directs: Sab Industries Limited, Steel Strips Infrastructures Limited, Malwa Chemtex Udyog Ltd and 5 more | Director | 21 Feb 2000 | 26 Years 8 Months | As last reported |
| Manju Lakhanpal | Director | 14 Mar 2015 | 11 Years 7 Months | As last reported |
Auditor
Steel Strips Ltd is audited by A K R & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K R & ASSOCIATES | FY 2020 | 021179N |
Shareholding
The shareholding of Steel Strips Ltd is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Steel Strips Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Apr 1999 | 90169191 | State Bank of Patiala | ₹53 Cr | Satisfied | |
| 16 Nov 1995 | 90170738 | Indian Bank | ₹2.5 Cr | Satisfied | |
| 01 Nov 1995 | 90170735 | Oriental Bank of Commerce | ₹6.9 Cr | Satisfied | |
| 01 Feb 1991 | 90168399 | State Bank of India | ₹1.83 Cr | Satisfied | |
| 30 Jun 1990 | 90168364 | Standard and Charterd Bank | ₹7 Cr | Satisfied |
To see the full charge records of Steel Strips Ltd, buy the company report.
Total charge records: 15 View all charges
Legal cases
Steel Strips Ltd has 182 court cases on record: 93 filed by Steel Strips, 89 filed against it. 10 cases are pending and 172 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 104 | 52 | 6 |
| District courts | 54 | 24 | 4 |
| Supreme Court | 23 | 13 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 182)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Civil miscellaneous application | Filed by the company against M,/S Steel Authority of India Ltd and 1 other | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against Steel Authority of India Limited Thru Its Branch Manager Sco No. 27, Sec. 26, Madhya Marg , District: Chandigarh ,Chandigarh , Chandigarh | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against M/S Faridabad Forgings Pvt Ltd and 1 other | Disposed |
| High Court, PUNJAB | Revision petition | Filed by the company against M/S Deepak International Ltd | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Neo Containers Pvt Ltd and 2 others | Disposed |
To see the full case history of Steel Strips 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 Steel Strips Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Steel Strips Ltd has a workforce of 1 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Steel Strips Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Steel Strips Ltd has 10 board changes on record since 1975: 8 appointments and 2 cessations. The latest: Vishal Mishra ceased to be Cfo(Kmp) on 14 Feb 2018.
41 earlier events are in the company report.
Frequently asked questions
Steel Strips 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.
Steel Strips was a public limited company based in Sangrur, Punjab, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 23 December 1975 and is registered under CIN L45202PB1975PLC003610. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Steel Strips was incorporated on 23 December 1975. It is registered with the Registrar of Companies, Chandigarh.
Steel Strips had 6 directors:
- Sanjay Garg - Whole-Time Director
- Rajinder Kumar Garg - Director
- Surinder Singh Virdi - Director
- Madan Mohan Chopra - Director
- Humesh Kumar Singhal - Director
- Manju Lakhanpal - Director
The CIN (Corporate Identification Number) of Steel Strips is L45202PB1975PLC003610. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Steel Strips is recorded as a listed company by MCA, but its shares were delisted from BSE on 03 Jan 2022 · merger, and no longer trade on a stock exchange.
The registered office of Steel Strips is at Village Harkishanpura Bhawanigarh Teh, Sangrur, Punjab, India – 148026.
Steel Strips can be reached through the website sslindia.net. Its registered office is in Sangrur, Punjab, India.
The latest financial statements of Steel Strips on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 29 December 2020. Year-wise statements from 2015 are in the company report.
Steel Strips operated in the automotive industry, in the auto parts and components segment.