Avask Steels Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 14.37 Cr
- Company Age 11 Year, 9 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 nine 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
-
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
Who are the key members and board of directors at Avask Steels?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Surinder Gupta
|
Managing Director | 26-Jun-2013 | Current |
|
Ankit Taparia
|
Company Secretary | 12-Jun-2023 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Vandana Madhan
|
Director | 27-May-2016 | Current |
|
Deepa Goyel
|
Additional Director | 18-Jun-2024 | Current |
|
Anurag Gupta
|
Additional Director | 14-May-2024 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
|
(FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
|
||||||
| Revenue from Operations |
|
||||||
| Total Assets |
|
||||||
| Profit or Loss |
|
||||||
| Net Worth |
|
||||||
| EBITDA |
|
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.
Related Corporates (Common Directorship)
-
Trimula Industries LimitedVandana Madhan and Surinder Gupta are mutual person
-
India Horticulture Private LimitedDeepa Goyel, Surinder Gupta and 1 more are mutual person
-
Kimitsu Steel Private LimitedDeepa Goyel, Surinder Gupta and 1 more are mutual person
-
New Horizons Asphalt Private LimitedSurinder Gupta and Anurag Gupta are mutual person
-
Aiva Green Energy Private LimitedSurinder Gupta is a mutual person
-
Nivaya Hotels Private LimitedSurinder Gupta is a mutual person
Charges (Loans)
₹449.28 Cr
₹0.07 Cr
Charges Breakdown by Lending Institutions
- Others : 449.28 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Oct 2018 | Others | ₹243.29 Cr | Open |
| 13 Mar 2015 | Others | ₹205.99 Cr | Open |
| 01 Aug 2013 | Canara Bank | ₹0.73 M | Satisfied |
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.
Deals i
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
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
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.
