About Sterling Sez and Infrastructure Limited
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Sterling Sez and Infrastructure 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 general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 22 June 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2006PLC162784. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹198.31 Cr. It was formerly known as Sterling Sez Private Limited and Sterling Sez Limited. It is led by directors including Nitin Jayantilal Sandesara and Mayuriben Hiteshbhai Patel.
Its last annual general meeting (AGM) was held on 28 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at C – 25 Laxmi Tower 'A' – 601 6th Floor Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2016, the company reported a revenue of ₹2.69 Cr. For the same year it recorded a net profit of ₹1.23 Cr (net margin 45.6%) and EBITDA of ₹5.1 Cr (EBITDA margin 189.7%).
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11,948 Cr and satisfied charges of ₹150 Cr on record. Court records list 31 cases involving the company, including 6 filed by the company and 25 filed against it; 9 cases are pending. The company has 5 deals on record (5 funding rounds), with disclosed funding of ₹1,555.79 Cr; the latest was in September 2016.
The last known website on record is sterlingsez.com.
Company details
Name history
Sterling Sez and Infrastructure has undergone 4 name changes throughout its history. The current legal name is Sterling Sez And Infrastructure Limited.
| Company Name | Status |
|---|---|
| Sterling Sez and Infrastructure Limited | Current |
| Sterling Sez Private Limited | Previous |
| Sterling Sez Limited | Previous |
| Sterling Erection And Infrastructure Private Limited | Previous |
| Sterling Sez Limited | Previous |
CIN history
Sterling Sez and Infrastructure has one previous CIN (Corporate Identification Number): U45201MH2006PTC162784. The current CIN is U45201MH2006PLC162784, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201MH2006PLC162784 | Current |
| U45201MH2006PTC162784 | Previous |
Contact details
Sterling Sez and Infrastructure Limited's registered office is in Mumbai, Maharashtra. Its website is sterlingsez.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressC – 25 Laxmi Tower 'A' – 601 6th Floor Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Sterling Sez and Infrastructure 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 Sterling Sez and Infrastructure is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Sterling Sez and Infrastructure Limited, buy the company report.
Financials of Sterling Sez and Infrastructure Limited
FY 2016 filings availableSterling Sez and Infrastructure Limited reported revenue of ₹2.69 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 | ₹2.69 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹5.1 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1.23 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 | 189.7% | |
| Net Profit Margin | 45.6% | |
| 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 Sez and Infrastructure Limited, buy the company report.
Board of directors of Sterling Sez and Infrastructure Limited
Sterling Sez and Infrastructure has 4 current directors and 3 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 | 22 Jun 2006 | 20 Years 4 Months | As last reported |
| Mayuriben Hiteshbhai Patel | Director | 20 Jul 2015 | 11 Years 3 Months | As last reported |
| Chetan Jayantilal Sandesara | Director | 22 Jun 2006 | 20 Years 4 Months | As last reported |
| Priyadarshanbhai Mehta Bhimbhai | Director | 28 Sep 2007 | 19 Years 1 Months | As last reported |
Auditor
Sterling Sez and Infrastructure 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 Sez and Infrastructure Limited is on record for 3 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sterling Sez and Infrastructure Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2017 | 100087936 | Sbicap Trustee Company Limited | ₹5,205.18 Cr | Open | |
| 23 Feb 2017 | 100083088 | Sbicap Trustee Company Limited | ₹5,205.18 Cr | Open | |
| 04 Jul 2015 | 10589655 | Srei Infrastructure Finance Limited | ₹275 Cr | Open | |
| 03 Nov 2012 | 10394034 | Indian Overseas Bank | ₹67.18 Cr | Open | |
| 29 Jun 2012 | 10369069 | Allahabad Bank | ₹53.47 Cr | Open |
To see the full charge records of Sterling Sez and Infrastructure Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Sterling Sez and Infrastructure Limited has 5 deals on record (5 funding rounds), with disclosed funding of ₹1,555.79 Cr; the latest was in September 2016.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Funding round | ₹114.42 Cr | Investors: Niche Investment Holdings Private Limited, Ncy Equity Growth Investment |
| Aug 2015 | Funding round | ₹25.82 Cr | Investors: Ncy Equity Growth Investment, Niche Investment Holdings Private Limited |
| Jun 2014 | Funding round | ₹1,233.18 Cr | Investors: Ncy Equity Growth Investment, Niche Investment Holdings Private Limited |
| Dec 2008 | Funding round | ₹137.38 Cr | Investors: Sterling Biotech Limited , Blue-Mark Mercantile Limited, Unique Protiens Private Limited |
| Dec 2006 | Funding round | ₹45 Cr | Investors: Blue-Mark Mercantile Limited, Aditi Hospitals Private Limited , Anula Properties Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sterling Sez and Infrastructure Limited has 31 court cases on record: 6 filed by Sterling Sez and Infrastructure, 25 filed against it. 9 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 10 | 1 |
| District courts | 13 | 13 | 6 |
| Supreme Court | 2 | 1 | 1 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Pi Industries Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Infrastructure Finance Limited | Pending |
| High Court, MAHARASHTRA | Court case (CHOL) | Filed against the company by Glenmark Pharmaceuticals Limited | Disposed |
| Bombay High Court | Court case (CHOL) | Filed against the company by Glenmark Pharmaceuticals Limited | Disposed |
To see the full case history of Sterling Sez and Infrastructure 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.
Credit ratings & regulatory alerts
Sterling Sez and Infrastructure Limited was last rated by Care on 20 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 20 Mar 2020 |
To see the full credit ratings and regulatory alerts of Sterling Sez and Infrastructure Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sterling Sez and Infrastructure Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sterling Sez and Infrastructure Limited has a workforce of 14 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Sterling Sez and Infrastructure has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sterling Sez and Infrastructure Limited, buy the company report.
Recent activity
Sterling Sez and Infrastructure Limited has 7 board changes on record since 2006: 4 appointments and 3 cessations. The latest: Priyadarshanbhai Mehta Bhimbhai ceased to be Director on 24 Nov 2018.
9 earlier events are in the company report.
Frequently asked questions
Sterling Sez and Infrastructure 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 Sez and Infrastructure is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 22 June 2006 and is registered under CIN U45201MH2006PLC162784. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sterling Sez and Infrastructure has 4 current directors:
- Nitin Jayantilal Sandesara - Director
- Mayuriben Hiteshbhai Patel - Director
- Chetan Jayantilal Sandesara - Director
- Priyadarshanbhai Mehta Bhimbhai - Director
The latest financial statements of Sterling Sez and Infrastructure on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 28 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sterling Sez and Infrastructure is U45201MH2006PLC162784. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sterling Sez and Infrastructure has open charges of ₹11,948 Cr and satisfied charges of ₹150 Cr as per latest MCA filings.
Sterling Sez and Infrastructure has 31 court cases on record: 6 filed by the company and 25 filed against it. 9 are pending. Most are in the high courts.
Sterling Sez and Infrastructure was incorporated on 22 June 2006. It is registered with the Registrar of Companies, Mumbai.
Sterling Sez and Infrastructure has 5 deals on record (5 funding rounds), with disclosed funding of ₹1,555.79 Cr; the latest was in September 2016.
Priyadarshanbhai Mehta Bhimbhai ceased to be Director on 24 Nov 2018. Kamal Ashwinbhai Lalani ceased to be Company Secretary on 01 Sep 2017. Mayuriben Hiteshbhai Patel ceased to be Additional Director on 31 Dec 2015. Sterling Sez and Infrastructure has 7 board changes on record in total.
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