Avask Steels Limited

Manufactures iron ore products and establishing a producer gas project.

2013 | Delhi, Delhi (India) | Active
Last Updated:

Avask Steels Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 14.37 Cr
  • Company Age 11 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 449.28 Cr
  • Satisfied Charges ₹ 0.73 M
  • Revenue Growth -99.60%
  • Profit Growth 83.24%
  • Ebitda 84.13%
  • Net Worth -0.24%
  • Total Assets -0.01%

About Avask Steels

Avask Steels Limited (ASL) is a Public Limited Indian Non-Government Company incorporated in India on 02 May 2013 and has a history of 11 years and ten months. Its registered office is in Delhi, Delhi, India.

The Corporate was formerly known as Gulf Ispat Limited. The Company is engaged in the Metals And Minerals Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 14.37 Cr.

The company currently has active open charges totaling ₹449.28 Cr. The company has closed loans amounting to ₹0.73 M, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Avask Steels Limited India is Ankit Taparia as COMPANY SECRETARY. Vandana Madhan, Deepa Goyel, Surinder Gupta, and One other member serve as directors at the Company.

Company Details

  • Location

    Delhi, Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    gulfispatltd.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27100DL2013PLC251393

  • Company No.

    251393

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    02 May 2013

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Metals and Minerals

Who are the key members and board of directors at Avask Steels?

Executive Team (2)

NameDesignationAppointment DateStatus
Surinder Gupta Country flag representing In Managing Director26-Jun-2013Current
Ankit Taparia Country flag representing In Company Secretary12-Jun-2023Current

Board Members (3)

NameDesignationAppointment DateStatus
Vandana Madhan Country flag representing In Director 27-May-2016Current
Deepa Goyel Country flag representing In Additional Director 18-Jun-2024Current
Anurag Gupta Country flag representing In Additional Director 14-May-2024Current

Financial Performance of Avask Steels.

Avask Steels Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 99.6% decrease. The company also saw a substantial improvement in profitability, with a 83.24% increase in profit. The company's net worth dipped by a decrease of 0.24%.

Avask Steels revenue growth over time
Avask Steels profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-99.60%
Revenue from Operations
Total Assets
-0.01%
Profit or Loss
83.24%
Net Worth
-0.24%
EBITDA
84.13%

What is the Ownership and Shareholding Structure of Avask Steels?

In 2023, Avask Steels had a promoter holding of 98.74% and a public holding of 1.26%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹449.28 Cr

Satisfied Charges

₹0.07 Cr

Charges Breakdown by Lending Institutions

  • Others : 449.28 Cr

Latest Charge Details

DateLenderAmountStatus
01 Oct 2018Others₹243.29 CrOpen
13 Mar 2015Others₹205.99 CrOpen
01 Aug 2013Canara Bank₹0.73 MSatisfied

How Many Employees Work at Avask Steels?

Unlock and access historical data on people associated with Avask Steels, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Avask Steels Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Avask Steels, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Avask Steels's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Avask Steels

Recent activity within the organization

  • Director Appointment

    Deepa Goyel was appointed as a Additional Director was appointed as a Additional Director on 18 Jun 2024 & has been associated with this company since 8 months 15 days .

  • Director Appointment

    Anurag Gupta was appointed as a Additional Director was appointed as a Additional Director on 14 May 2024 & has been associated with this company since 9 months 20 days .

  • Annual General Meeting

    Avask Steels Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Director Appointment

    Ankit Taparia was appointed as a Company Secretary was appointed as a Company Secretary on 12 Jun 2023 & has been associated with this company since 1 year 8 months .

  • Balance Sheet

    Avask Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.

  • Charges

    A charge with Others of Rs. 243.29 Cr registered on 01 Oct 2018 with Charge ID 100211387 was modified on 26 Oct 2020.

Frequently asked questions

  • What is the Incorporation or founding date of Avask Steels Limited?

    Avask Steels Limited was incorporated on 02 May 2013.

  • What is authorized share capital and paid-up capital of Avask Steels Limited?

    The authorized share capital of Avask Steels Limited is ₹ 15.00 Cr and paid-up capital is ₹ 14.37 Cr.

  • Who are the current board members & directors of Avask Steels Limited?

    Currently 5 directors are associated with Avask Steels Limited.

    • Vandana Madhan
    • Deepa Goyel
    • Surinder Kumar Gupta
    • Anurag Gupta
    • Ankit Taparia

  • What is the registered address of Avask Steels Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Avask Steels Limited is Unit 710 7Th Floor Ring Road Mall Plot No. 21 Manglam Place Sector 3 Roh, Ini, Delhi, India, 110085.

  • What is the corporate identification number (CIN) and company number of Avask Steels Limited?

    The corporate identification number (CIN) of Avask Steels Limited is U27100DL2013PLC251393 and the company number is 251393 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Avask Steels Limited?

    The Official website of Avask Steels Limited is https://www.gulfispatltd.com

  • What has been the recent revenue trend for Avask Steels Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Avask Steels Limited has fallen by -99.60%.

  • What change has been observed in the net worth of Avask Steels Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Avask Steels Limited has experienced an downturn of -0.24%.

  • What are the total open charges for Avask Steels Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Avask Steels Limited amount to ₹ 449.28 Cr.

  • When was the last Balance Sheet of Avask Steels Limited filed with the ROC?

    The most recent Balance Sheet for Avask Steels Limited was filed with the ROC on 31 Mar 2023.

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