About Tork Fastners ( India) Pvt Ltd
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Tork Fastners ( India) Pvt Ltd is a private limited company based in Nashik, 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 metals retail and distribution segment of the metals and mining sector. It was incorporated on 19 March 1985.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1985PTC035664. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.19 Cr.
Its last annual general meeting (AGM) was held on 06 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at W – 33 B M.I.D.C Ambad, Nashik, Maharashtra, India – 422010.
As per the financials filed for FY 2016, the company reported a revenue of ₹6.12 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹55,681 (net margin -0.1%) and EBITDA of ₹93.88 Lakh (EBITDA margin 15.3%).
The company has about 28 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.3 Cr and satisfied charges of ₹5.47 Cr on record. Court records list 21 cases involving the company, including 3 filed by the company and 18 filed against it; 1 case is pending.
The last known website on record is torkfastners.com.
Company details
Contact details
Tork Fastners ( India) Pvt Ltd's registered office is in Nashik, Maharashtra. Its website is torkfastners.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressW – 33 B M.I.D.C Ambad, Nashik, Maharashtra, India – 422010
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Tork Fastners ( India) Pvt 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
Business activity
The main business activities of Tork Fastners ( India) are manufacturing and support service to organizations. In detail, this covers metal and metal products and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Tork Fastners ( India) Pvt Ltd, buy the company report.
Financials of Tork Fastners ( India) Pvt Ltd
FY 2016 filings availableTork Fastners ( India) Pvt Ltd reported revenue of ₹6.12 Cr (up 152% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 152% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹6.12 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹93.88 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹55,681 | |
| 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 | 15.3% | |
| Net Profit Margin | -0.1% | |
| 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 Tork Fastners ( India) Pvt Ltd, buy the company report.
Board of directors of Tork Fastners ( India) Pvt Ltd
Tork Fastners ( India) has 3 former directors on record and no current directors listed.
Auditor
Tork Fastners ( India) Pvt Ltd is audited by Natesh & Associates for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Natesh & Associates | FY 2016 |
Shareholding
The shareholding of Tork Fastners ( India) Pvt Ltd is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Tork Fastners ( India) Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2013 | 10465346 | Others | ₹50 Lakh | Open | |
| 01 Sep 2012 | 10377245 | Others | ₹3.8 Cr | Open | |
| 29 Feb 2008 | 10101621 | The Shamrao Vithal Co-Op. Bank Ltd. | ₹81.53 Lakh | Satisfied | |
| 19 Nov 2005 | 90230090 | The Shamrao Vithal Co-Op. Bank Ltd. | ₹15 Lakh | Satisfied | |
| 03 Nov 2005 | 90227079 | The Shamrao Vithal Co-Op. Bank Ltd | ₹2.98 Cr | Satisfied |
To see the full charge records of Tork Fastners ( India) Pvt Ltd, buy the company report.
Total charge records: 10 View all charges
Legal cases
Tork Fastners ( India) Pvt Ltd has 21 court cases on record: 3 filed by Tork Fastners ( India), 18 filed against it. 1 case is pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 0 |
| High courts | 8 | 5 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by M/S Velloils Lubricant and Petrochem Ltd | Disposed |
| District court, Pune, Maharashtra | Court case (Spl .Dkst) | Filed against the company by Ms Tarini Steel Co. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI M A) | Filed against the company by Fortran Steel Pvt. Ltd. @ Rev 52315 - Applicant | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by Fortran Steel Pvt. Ltd. @ Ma 106815 - Applicant | Disposed |
| Bombay High Court | Company petition | Filed against the company by Fortran Steel Pvt.Ltd. | Disposed |
To see the full case history of Tork Fastners ( India) Pvt 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 Tork Fastners ( India) Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tork Fastners ( India) 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 Tork Fastners ( India) Pvt Ltd, buy the company report.
Recent activity
Tork Fastners ( India) Pvt Ltd has 3 board changes on record since 2017: 0 appointments and 3 cessations. The latest: Bhupinder Singh Balwant Singh Chhabra ceased to be Director on 02 Aug 2017.
17 earlier events are in the company report.
Frequently asked questions
Tork Fastners ( India) 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.
Tork Fastners ( India) is a company under liquidation, formerly operating as a private limited company based in Nashik, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 19 March 1985 and is registered under CIN U51900MH1985PTC035664. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
The latest financial statements of Tork Fastners ( India) on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 06 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Tork Fastners ( India) is U51900MH1985PTC035664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tork Fastners ( India) has open charges of ₹4.3 Cr and satisfied charges of ₹5.47 Cr as per latest MCA filings.
Tork Fastners ( India) has 21 court cases on record: 3 filed by the company and 18 filed against it. 1 is pending. Most are in the district courts.
Tork Fastners ( India) was incorporated on 19 March 1985. It is registered with the Registrar of Companies, Mumbai.
Bhupinder Singh Balwant Singh Chhabra ceased to be Director on 02 Aug 2017. Sarabjit Kaur Bhupindersingh Chhabra ceased to be Director on 02 Aug 2017. Surendersingh Balwantsingh Chhabra ceased to be Director on 02 Aug 2017.
Tork Fastners ( India) can be reached through the website torkfastners.com. Its registered office is in Nashik, Maharashtra, India.
The registered office of Tork Fastners ( India) is at W – 33 B M.I.D.C Ambad, Nashik, Maharashtra, India – 422010.
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