Ultramine Pipetech Private Limited
About Ultramine Pipetech Private Limited
Data last updated:
Ultramine Pipetech Private Limited is a private limited company based in Kolkata, West Bengal, 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 construction materials distribution segment of the metals and mining sector. It was incorporated on 03 April 2007.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U25209WB2007PTC114987. Its GSTIN is 19AAGCA3929H1ZJ (West Bengal).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹14.5 Lakh. It was formerly known as Apex Pipetech Private Limited. It is led by directors including Vishal Shroff and Rakesh Kumar Agarwal (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 40 Strand Road 3rd Floor Room No – 4 Model House, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2022, the company reported a revenue of ₹11.57 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹6.85 Cr (net margin -59.2%) and EBITDA of -₹5.41 Cr (EBITDA margin -46.7%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹5.89 Cr on record. Court records list 15 cases involving the company, including 2 filed by the company and 13 filed against it; 7 cases are pending.
Company details
Contact details
Ultramine Pipetech Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address40 Strand Road 3rd Floor Room No – 4 Model House, Kolkata, West Bengal, India – 700001
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
To see the full contact details of Ultramine Pipetech Private 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 Ultramine Pipetech is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ultramine Pipetech Private Limited, buy the company report.
Financials of Ultramine Pipetech Private Limited
FY 2022 filings availableUltramine Pipetech Private Limited reported revenue of ₹11.57 Cr (up 17% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA fell 387% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11.57 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.85 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -46.7% | ||||
| Net Profit Margin | -59.2% | ||||
| 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 Ultramine Pipetech Private Limited, buy the company report.
Board of directors of Ultramine Pipetech Private Limited
Ultramine Pipetech has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Shroff | Director | 03 Apr 2007 | 19 Years 7 Months | As last reported |
| Rakesh Kumar Agarwal Also directs: Prachi Management Services Private Limited | Irp/Rp/Liquidator | 29 Jan 2024 | 2 Years 9 Months | As last reported |
| Gaurav Shroff | Director | 03 Apr 2007 | 19 Years 7 Months | As last reported |
Peer comparison
Ultramine Pipetech Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Construction Materials Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mishra and Company Sanitary Private Limited | ₹11.65 Cr (FY 2025) | 3.0% | Sambalpur, Odisha, India | |||
| Ultramine Pipetech Private Limitedthis company | ₹11.57 Cr (FY 2022) | -₹6.85 Cr | -59.2% | 17.0% | Kolkata, West Bengal, India | |
| Apple Bathwares Private Limited | ₹11.56 Cr (FY 2024) | 0.0% | Ponneri, Tamil Nadu, India | |||
| Burhanpurtirupati Traders India Private Limited | ₹11.54 Cr (FY 2025) | -8.0% | Burhanpur, Madhya Pradesh, India | |||
| Shree Neelkanth Stone Suppliers Private Limited | ₹11.54 Cr (FY 2025) | -31.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Ultramine Pipetech Private Limited, buy the company report.
Auditor
Ultramine Pipetech Private Limited is audited by AJIT KUMAR & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AJIT KUMAR & CO | FY 2021 | 317110E |
Shareholding
The shareholding of Ultramine Pipetech Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ultramine Pipetech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2022 | 100541954 | Others | ₹41 Lakh | Open | |
| 08 Sep 2020 | 100370605 | Others | ₹19.67 Lakh | Open | |
| 08 Jun 2020 | 100345008 | Others | ₹76 Lakh | Open | |
| 07 Mar 2020 | 100348411 | Others | ₹10 Lakh | Open | |
| 31 Jan 2017 | 100078087 | Others | ₹25 Lakh | Open |
Total charge records: 8 View all charges
Legal cases
Ultramine Pipetech Private Limited has 15 court cases on record: 2 filed by Ultramine Pipetech, 13 filed against it. 7 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 7 |
| NCLT | 2 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by Bajaj Finance Limited | Pending |
| District court, Jaipur Metro II, Rajasthan | Court case (Complaint) | Filed against the company by SMFG India Credit Company Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Bajaj Finance Limited.. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Tata Capital Financial Services Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Disposed |
To see the full case history of Ultramine Pipetech Private 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 Ultramine Pipetech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ultramine Pipetech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAGCA3929H1ZJ | West Bengal | Active | 10 Jul 2017 |
To see the full GST registrations and return filing status of Ultramine Pipetech Private Limited, buy the company report.
Recent activity
Ultramine Pipetech Private Limited has 4 board changes on record since 2007: 3 appointments and 1 cessation. The latest: Rakesh Kumar Agarwal was appointed as Irp/Rp/Liquidator on 29 Jan 2024.
3 earlier events are in the company report.
Frequently asked questions
Ultramine Pipetech 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.
Ultramine Pipetech is a company under liquidation, formerly operating as a private limited company based in Kolkata, West Bengal, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 03 April 2007 and is registered under CIN U25209WB2007PTC114987. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ultramine Pipetech has 3 current directors:
- Vishal Shroff - Director
- Gaurav Shroff - Director
- Rakesh Kumar Agarwal - Irp/Rp/Liquidator
The latest financial statements of Ultramine Pipetech on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ultramine Pipetech is U25209WB2007PTC114987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ultramine Pipetech has open charges of ₹5.89 Cr and no satisfied charges on record as per latest MCA filings.
Ultramine Pipetech has 15 court cases on record: 2 filed by the company and 13 filed against it. 7 are pending. Most are in the district courts.
Ultramine Pipetech was incorporated on 03 April 2007. It is registered with the Registrar of Companies, Kolkata.
The peers of Ultramine Pipetech by revenue are Mishra and Company Sanitary Private Limited, Apple Bathwares Private Limited, Burhanpurtirupati Traders India Private Limited, Shree Neelkanth Stone Suppliers Private Limited, all in the Metals and Minerals industry (Construction Materials Retail and Distribution), with the same principal business activity (wholesale trading).
Rakesh Kumar Agarwal was appointed as Irp/Rp/Liquidator on 29 Jan 2024. Ekta Shroff ceased to be Director on 17 Jun 2022. Gaurav Shroff was appointed as Director on 03 Apr 2007. Ultramine Pipetech has 4 board changes on record in total.
The registered office of Ultramine Pipetech is at 40 Strand Road 3rd Floor Room No – 4 Model House, Kolkata, West Bengal, India – 700001.
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