Suryaa Sponge Iron Limited
About Suryaa Sponge Iron Limited
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Suryaa Sponge Iron Limited is a public limited company based in Jajpur, Odisha, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 30 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U27102OR1996PLC004452. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹13.65 Cr. It is led by directors including Buntesh Upadhyaya and Nirmal Kumar Dash.
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 Budhakendua Kalakala, Jajpur, Odisha, India – 753082.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.5 Lakh, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹40,833 (net margin 27.1%) and EBITDA of -₹1 Lakh (EBITDA margin -66.5%). Revenue has declined at a compounded annual rate (CAGR) of 91% over three years and 77% over five years.
As per MCA filings, the company has open charges of ₹14.65 Cr and satisfied charges of ₹3.2 Cr on record. Court records list 5 cases involving the company, including 5 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Suryaa Sponge Iron Limited's registered office is in Jajpur, Odisha. Its e-mail address is in the company report.
- Email
- Registered AddressBudhakendua Kalakala, Jajpur, Odisha, India – 753082
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Suryaa Sponge Iron 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
Financials of Suryaa Sponge Iron Limited
FY 2017 filings availableSuryaa Sponge Iron Limited reported revenue of ₹1.5 Lakh (down 57% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 77% over five years, including a 57% fall 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 | |||
| Other Income | |||
| Total Revenue | ₹1.5 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹1 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹40,833 | ||
| 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 | -66.5% | ||
| Net Profit Margin | 27.1% | ||
| 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 Suryaa Sponge Iron Limited, buy the company report.
Board of directors of Suryaa Sponge Iron Limited
Suryaa Sponge Iron has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirmal Kumar Dash | Additional Director | 02 May 2018 | 8 Years 5 Months | Current |
| Buntesh Upadhyaya Also directs: Mutual Inductors Limited | Director | 04 Jul 2013 | 13 Years 3 Months | Current |
| Vinod Kumar Srivastava | Additional Director | 28 Aug 2012 | 14 Years 1 Months | Current |
Auditor
Suryaa Sponge Iron Limited is audited by A S S A AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S S A AND ASSOCIATES | FY 2017 | 323774E |
Shareholding
The shareholding of Suryaa Sponge Iron Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Suryaa Sponge Iron Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jan 2003 | 90080071 | Pegasus Group Three Trust - Iii - Pegasus Assets Reconstruction Private Limited | ₹14.65 Cr | Open | |
| 04 Sep 1998 | 90081839 | State Bnak of India | ₹80 Lakh | Satisfied | |
| 29 Oct 1997 | 90079453 | Industrial Promotion & Investment Corporation of Orissa Ltd | ₹1.2 Cr | Satisfied | |
| 24 Oct 1997 | 90079452 | Orissa State Financial Corporation | ₹1.2 Cr | Satisfied |
To see the full charge records of Suryaa Sponge Iron Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Suryaa Sponge Iron Limited has 5 court cases on record: 5 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 3 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Cuttack, Orissa | Court case (2 (c)cc) | Filed against the company by Assistant Registrar of Companies | Pending |
| High Court, ORISSA | Writ petition | Filed against the company by individuals | Disposed |
| District court, Cuttack, Orissa | Court case (C.M.A) | Filed against the company by an individual | Disposed |
To see the full case history of Suryaa Sponge Iron 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 Suryaa Sponge Iron Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Suryaa Sponge Iron 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 Suryaa Sponge Iron Limited, buy the company report.
Recent activity
Suryaa Sponge Iron Limited has 23 board changes on record since 1996: 13 appointments and 10 cessations. The latest: Kanheiya Lal Agrawal ceased to be Additional Director on 09 May 2018.
23 earlier events are in the company report.
Frequently asked questions
Suryaa Sponge Iron is an active public limited company based in Jajpur, Odisha, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 30 May 1996 (30+ years old) and is registered under CIN U27102OR1996PLC004452.
Suryaa Sponge Iron has 3 current directors:
- Nirmal Kumar Dash - Additional Director
- Buntesh Upadhyaya - Director
- Vinod Kumar Srivastava - Additional Director
The latest financial statements of Suryaa Sponge Iron 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.
No. Suryaa Sponge Iron has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Suryaa Sponge Iron is U27102OR1996PLC004452. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suryaa Sponge Iron has 5 court cases on record: 5 filed against it. 3 are pending. Most are in the district courts.
Suryaa Sponge Iron was incorporated on 30 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Cuttack.
Kanheiya Lal Agrawal ceased to be Additional Director on 09 May 2018. Nirmal Kumar Dash was appointed as Additional Director on 02 May 2018. Deepak Agarwal ceased to be Director on 23 Jul 2013. Suryaa Sponge Iron has 23 board changes on record in total.
The registered office of Suryaa Sponge Iron is at Budhakendua Kalakala, Jajpur, Odisha, India – 753082.
Suryaa Sponge Iron operates in the metals and minerals industry, in the metal manufacturing and processing segment.