About Sterling International Enterprises Limited
Data last updated:
Sterling International Enterprises Limited is a public limited company based in Mumbai, Maharashtra, 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 oil and gas exploration and production segment of the energy and power sector. It was incorporated on 06 August 1984.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L72300MH2003PLC142575. Its GSTIN is 27AAACT3130D1ZW (Maharashtra). It is recorded as listed by MCA, but trading in its shares on BSE (508998) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹27.14 Cr. It was formerly known as Bidasar Leasing and Finance Limited and Transworld Infotech Limited. It is led by directors including Nitin Jayantilal Sandesara and Chetan Jayantilal Sandesara.
Its last annual general meeting (AGM) was held on 31 December 2015, and its latest financial statements are for the year ended 30 June 2015. The registered office is at 43 Atlanta Building Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2016, the company reported a revenue of ₹1.45 Cr. For the same year it recorded a net profit of ₹40.9 Cr and EBITDA of ₹197.63 Cr.
The company is associated with 1 brand: Sterling International Enterprises. As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹123.5 Cr on record. Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 4 cases are pending. The company has 2 deals on record (2 market trades); the latest was in November 2015. Its 5 peer companies in the Oil and Gas industry (Exploration and Production), with the same principal business activity (extraction of crude petroleum & natural gas) are compared by revenue, 4 larger and 1 smaller; the largest is Hindustan Oil Exploration Company Limited with revenue of ₹496.99 Cr.
The last known website on record is sterinternational.com.
Company details
Name history
Sterling International Enterprises has undergone 3 name changes throughout its history. The company was previously known as Bidasar Leasing And Finance Limited, Transworld Infotech Limited, and Transworld International Limited. The current legal name is Sterling International Enterprises Limited.
| Company Name | Status |
|---|---|
| Sterling International Enterprises Limited | Current |
| Bidasar Leasing And Finance Limited | Previous |
| Transworld Infotech Limited | Previous |
| Transworld International Limited | Previous |
CIN history
Sterling International Enterprises has one previous CIN (Corporate Identification Number): U72300MH2003PLC142575. The current CIN is L72300MH2003PLC142575, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72300MH2003PLC142575 | Current |
| U72300MH2003PLC142575 | Previous |
Contact details
Sterling International Enterprises Limited's registered office is in Mumbai, Maharashtra. Its website is sterinternational.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address43 Atlanta Building Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryEnergy and Power, Oil & Gas Exploration & Production
To see the full contact details of Sterling International Enterprises 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
Brands
Sterling International Enterprises operates one associated brand: Sterling International Enterprises. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Crude oil exploration & production company | sterinternational.com |
Business activity
The main business activity of Sterling International Enterprises is mining and quarrying. In detail, this covers extraction of crude petroleum & natural gas.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B2 | Extraction of Crude Petroleum & Natural gas |
To see the full business activity and turnover split of Sterling International Enterprises Limited, buy the company report.
Financials of Sterling International Enterprises Limited
FY 2015 filings availableSterling International Enterprises Limited reported revenue of ₹1.45 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹1.45 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹197.63 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹40.9 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 2015-16 | FY 2014-15 |
|---|---|---|
| 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 Sterling International Enterprises Limited, buy the company report.
Board of directors of Sterling International Enterprises Limited
Sterling International Enterprises 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 |
|---|---|---|---|---|
| Nitin Jayantilal Sandesara Also directs: Sterling Port Limited, Sealord Erections Private Limited | Director | 30 Jan 2008 | 18 Years 9 Months | As last reported |
| Chetan Jayantilal Sandesara | Director | 30 Jan 2008 | 18 Years 9 Months | As last reported |
| Mayuriben Hiteshbhai Patel | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
Peer comparison
Sterling International Enterprises Limited is compared with the 5 companies closest to it by revenue in the Oil and Gas industry (Exploration and Production), with the same principal business activity (extraction of crude petroleum & natural gas), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hindustan Oil Exploration Company Limited | ₹496.99 Cr (FY 2025) | -35.0% | Vadodara, Gujarat, India | |||
| Halliburton India Operations Private Limited | ₹490.45 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Aban Offshore Limited | ₹447.74 Cr (FY 2024) | -16.0% | Chennai, Tamil Nadu, India | |||
| Bharat Petroresources Limited | ₹440.39 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Sterling Oil Resources Limited | ₹404.36 Cr (FY 2015) | 62.0% | Mumbai, Maharashtra, India | |||
| Sterling International Enterprises Limitedthis company | ₹1.45 Cr (FY 2016) | ₹40.9 Cr | Mumbai, Maharashtra, India |
To see the full peer comparison of Sterling International Enterprises Limited, buy the company report.
Auditor
Sterling International Enterprises Limited is audited by H S HATHI & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H S HATHI & CO | FY 2016 | 103596W |
Shareholding
The shareholding of Sterling International Enterprises Limited is on record for 3 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sterling International Enterprises Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2011 | 10304243 | Sicom Limited | ₹15 Cr | Open | |
| 19 Sep 2011 | 10311157 | Sicom Limited | ₹25 Cr | Satisfied | |
| 31 Aug 2011 | 10311174 | Sicom Limited | ₹25 Cr | Satisfied | |
| 07 Jan 2010 | 10198675 | Sicom Limited | ₹50 Cr | Satisfied | |
| 27 Oct 2009 | 10192514 | Sicom Limited | ₹23.5 Cr | Satisfied |
To see the full charge records of Sterling International Enterprises Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Sterling International Enterprises Limited has 2 deals on record (2 market trades); the latest was in November 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2015 | Market trade | ₹34 Lakh | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
| Feb 2012 | Market trade | ₹97.1 Lakh | Buyer: Avatar India Opportunities Fund Seller: Daiwa Capital Markets Singapore Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sterling International Enterprises Limited has 11 court cases on record: 3 filed by Sterling International Enterprises, 8 filed against it. 4 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 2 |
| High courts | 4 | 1 | 0 |
| Supreme Court | 1 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Reg Dkst) | Filed against the company by Vasu Infosec Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Infrastructure Finance Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Original application | Filed against the company by JM Financial Asset Reconstruction Company Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by JM Financial Asset Reconstruction Company Limited | Disposed |
| Bombay High Court | Company petition | Filed against the company by Sicom Limited | Disposed |
To see the full case history of Sterling International Enterprises 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 Sterling International Enterprises Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sterling International Enterprises has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT3130D1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sterling International Enterprises Limited, buy the company report.
Recent activity
Sterling International Enterprises Limited has 11 board changes on record since 2003: 7 appointments and 4 cessations. The latest: Rajbhushan Omprakash Dixit ceased to be Director on 11 Aug 2021.
12 earlier events are in the company report.
Frequently asked questions
Sterling International Enterprises 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.
Sterling International Enterprises is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in oil and gas exploration and production, within the energy and power industry. It was incorporated on 06 August 1984 and is registered under CIN L72300MH2003PLC142575. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sterling International Enterprises has 3 current directors:
- Nitin Jayantilal Sandesara - Director
- Chetan Jayantilal Sandesara - Director
- Mayuriben Hiteshbhai Patel - Director
The latest financial statements of Sterling International Enterprises on record with the MCA are for the year ended 30 June 2015. Its last annual general meeting was held on 31 December 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sterling International Enterprises is L72300MH2003PLC142575. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sterling International Enterprises is recorded as a listed company by MCA, but trading in its shares on BSE (508998) has been suspended, so they do not currently trade on a stock exchange.
Sterling International Enterprises has open charges of ₹15 Cr and satisfied charges of ₹123.5 Cr as per latest MCA filings.
Sterling International Enterprises has 11 court cases on record: 3 filed by the company and 8 filed against it. 4 are pending. Most are in the district courts.
Sterling International Enterprises was incorporated on 06 August 1984. It is registered with the Registrar of Companies, Mumbai.
Sterling International Enterprises has 2 deals on record (2 market trades); the latest was in November 2015.
The peers of Sterling International Enterprises by revenue are Hindustan Oil Exploration Company Limited, Halliburton India Operations Private Limited, Aban Offshore Limited, Bharat Petroresources Limited, Sterling Oil Resources Limited, all in the Oil and Gas industry (Exploration and Production), with the same principal business activity (extraction of crude petroleum & natural gas).
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.
