About Western India Metal Processors Limited
Data last updated:
Western India Metal Processors 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 metals retail and distribution segment of the metals and mining sector. It was incorporated on 30 August 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27109MH2006PLC164182. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹17.93 Cr. It is led by directors including Rabia Mohd Iqbal Khan and Mohammed Iqbal Khan.
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 132 – B Mittal Towers Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2016, the company reported a revenue of ₹463.38 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹2.63 Cr (net margin 0.6%) and EBITDA of ₹15.37 Cr (EBITDA margin 3.3%).
As per MCA filings, the company has open charges of ₹187.82 Cr and satisfied charges of ₹8 Cr on record. Court records list 9 cases involving the company, including 9 filed against it; 4 cases are pending.
The last known website on record is westernindiametal.com.
Company details
Contact details
Western India Metal Processors Limited's registered office is in Mumbai, Maharashtra. Its website is westernindiametal.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address132 – B Mittal Towers Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Western India Metal Processors 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 Western India Metal Processors is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Western India Metal Processors Limited, buy the company report.
Financials of Western India Metal Processors Limited
FY 2016 filings availableWestern India Metal Processors Limited reported revenue of ₹463.38 Cr (down 1% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% 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 | ₹463.38 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹15.37 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹2.63 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 | 3.3% | |
| Net Profit Margin | 0.6% | |
| 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 Western India Metal Processors Limited, buy the company report.
Board of directors of Western India Metal Processors Limited
Western India Metal Processors 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 |
|---|---|---|---|---|
| Rabia Mohd Iqbal Khan Also directs: Seven Seas Holdings Limited | Director | 30 Aug 2006 | 20 Years 2 Months | As last reported |
| Mohammed Iqbal Khan | Director | 30 Aug 2006 | 20 Years 2 Months | As last reported |
| Imran Khan | Director | 23 May 2007 | 19 Years 5 Months | As last reported |
Auditor
Western India Metal Processors Limited is audited by R S V A & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R S V A & CO | FY 2016 | 110504W |
Shareholding
The shareholding of Western India Metal Processors Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Western India Metal Processors Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2016 | 100062452 | State Bank of India | ₹93.02 Cr | Open | |
| 11 Sep 2012 | 10430773 | United Bank of India | ₹30 Cr | Open | |
| 23 Nov 2007 | 10082093 | State Bank of India | ₹64.8 Cr | Open | |
| 25 Jun 2007 | 10062503 | United Bank of India | ₹8 Cr | Satisfied |
To see the full charge records of Western India Metal Processors Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Western India Metal Processors Limited has 9 court cases on record: 9 filed against it. 4 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 2 |
| High courts | 4 | 4 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Commercial suit | Filed against the company by Canbank Factors Limited | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Westcoast Realtors and Developers Pvt. Ltd. and 4 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by GRD Steel Industries Pvt. Ltd. and Anr and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by India Factoring and Finance Solutions Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Police cases PW) | Filed against the company by an individual | Pending |
To see the full case history of Western India Metal Processors 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 Western India Metal Processors Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Western India Metal Processors Limited has 1 active EPFO establishment as of Apr 04, 2024.
GST
Western India Metal Processors has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Western India Metal Processors Limited, buy the company report.
Recent activity
Western India Metal Processors Limited has 4 board changes on record since 2006: 3 appointments and 1 cessation. The latest: Vijay Shivram Mahajan ceased to be Director on 18 Aug 2011.
1 earlier event is in the company report.
Frequently asked questions
Western India Metal Processors 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.
Western India Metal Processors is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 30 August 2006 and is registered under CIN U27109MH2006PLC164182. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Western India Metal Processors has 3 current directors:
- Rabia Mohd Iqbal Khan - Director
- Mohammed Iqbal Khan - Director
- Imran Khan - Director
The latest financial statements of Western India Metal Processors 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 Western India Metal Processors is U27109MH2006PLC164182. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Western India Metal Processors has open charges of ₹187.82 Cr and satisfied charges of ₹8 Cr as per latest MCA filings.
Western India Metal Processors has 9 court cases on record: 9 filed against it. 4 are pending. Most are in the district courts.
Western India Metal Processors was incorporated on 30 August 2006. It is registered with the Registrar of Companies, Mumbai.
Vijay Shivram Mahajan ceased to be Director on 18 Aug 2011. Imran Khan was appointed as Director on 23 May 2007. Mohammed Iqbal Khan was appointed as Director on 30 Aug 2006. Western India Metal Processors has 4 board changes on record in total.
Western India Metal Processors can be reached through the website westernindiametal.com. Its registered office is in Mumbai, Maharashtra, India.
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