Mideast Integrated Steels Limited

This company mines iron ore and manufactures pig iron, sponge iron, billets, and heavy section steel.

1992 | New Delhi, Delhi (India) | Active
Last Updated: July 25, 2024

Mideast Integrated Steels Profile

Key Indicators

  • Authorised Capital ₹ 180.00 Cr
  • Paid Up Capital ₹ 137.88 Cr
  • Company Age 32 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1,542.52 Cr
  • Satisfied Charges ₹ 142.73 Cr
  • Revenue Growth -90.37%
  • Profit Growth -224.74%
  • Ebitda -1179.30%
  • Net Worth -22.84%
  • Total Assets -10.89%

About Mideast Integrated Steels

Mideast Integrated Steels Limited (MISL) is a leading Public Limited Indian Non-Government Company incorporated in India on 07 September 1992 and has a history of 32 years and four months. Its registered office is in New Delhi, Delhi, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 540744.

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 180.00 Cr and a paid-up capital of Rs 137.88 Cr.

The company currently has active open charges totaling ₹1,542.52 Cr. The company has closed loans amounting to ₹142.73 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mideast Integrated Steels Limited India are Priyanka Chugh as COMPANY SECRETARY and Vishwambhar Tiwari as Ceo. Rita Singh, Dushyant Singh, Shipra Rana, and Four other members serve as directors at the Company.

Company Details

  • Location

    New Delhi, Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L74899DL1992PLC050216

  • Company No.

    050216

  • Stock Symbol

    BSE : 540744

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    07 Sep 1992

  • Date of AGM

    30 Dec 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Delhi

Industry

Metals and Minerals

What products or services does Mideast Integrated Steels Limited offer?

Mideast Integrated Steels Limited offers a wide range of products and services, including Material Handling Machines & Systems, Bulk Bag Loaders, Transportation Services, Iron Metal, Pig Iron, Steel Making Machine.

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

Executive Team (3)

Name Designation Appointment Date Status
Rita Singh Country flag representing In Managing Director 07-Sep-1992 Current
Priyanka Chugh Country flag representing In Company Secretary 11-Sep-2020 Current
Vishwambhar Tiwari CEO 11-Sep-2020 Current

Board Members (6)

Name Designation Appointment Date Status
Shipra Rana Country flag representing In Additional Director 16-Mar-2024 Current
Dushyant Singh Country flag representing In Additional Director 16-Mar-2024 Current
Sanjiv Batra Country flag representing In Director 27-Mar-2012 Current
Natasha Sinha Country flag representing In Whole-Time Director 04-Jan-1994 Current
Prasant Misra Country flag representing In Director 23-Nov-2021 Current
Vishwambhar Tiwari Country flag representing In Additional Director 06-Mar-2020 Current

Financial Performance of Mideast Integrated Steels.

Mideast Integrated Steels Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 90.37% decrease. The company also saw a substantial fall in profitability, with a 224.74% decrease in profit. The company's net worth observed a substantial decline by a decrease of 22.84%.

Graph illustrating revenue growth over time
Graph showing 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
-90.37%
Revenue from Operations
-86.23%
Total Assets
-10.89%
Profit or Loss
-224.74%
Net Worth
-22.84%
EBITDA
-1179.30%

What is the Ownership and Shareholding Structure of Mideast Integrated Steels?

In 2022, Mideast Integrated Steels had a promoter holding of 53.59% and a public holding of 46.42%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,542.52 Cr

Satisfied Charges

₹142.73 Cr

Charges Breakdown by Lending Institutions

  • Sbicap Trustee Company Limited : 1284.95 Cr
  • Industrial Development Bank Of India : 160.00 Cr
  • Standard Chartered Bank : 54.00 Cr
  • Others : 23.57 Cr
  • The Industrial Promotion And Investment Corporation Of Orissa Limited : 20.00 Cr

Latest Charge Details

Date Lender Amount Status
29 May 2024 Sbicap Trustee Company Limited ₹502.00 Cr Open
04 Dec 2018 Others ₹15.00 Cr Open
15 Feb 2017 Others ₹6.42 M Open
08 Sep 2016 Others ₹7.93 Cr Open
22 Jan 2016 Sbicap Trustee Company Limited ₹782.95 Cr Open

How Many Employees Work at Mideast Integrated Steels?

Mideast Integrated Steels has a workforce of 22 employees as of Apr 11, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mideast Integrated 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 Mideast Integrated 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 Mideast Integrated Steels

Recent activity within the organization

  • Charges

    A charge with Sbicap Trustee Company Limited amounted to Rs. 502.00 Cr with Charge ID 100940854 was registered on 29 May 2024.

    29 May 2024

  • Director Appointment

    Dushyant Kumar Singh was appointed as a Additional Director was appointed as a Additional Director on 16 Mar 2024 & has been associated with this company since 10 months 17 days .

    16 Mar 2024

  • Director Appointment

    Shipra Singh Rana was appointed as a Additional Director was appointed as a Additional Director on 16 Mar 2024 & has been associated with this company since 10 months 17 days .

    16 Mar 2024

  • Annual General Meeting

    Mideast Integrated Steels Limited last Annual general meeting of members was held on 30 Dec 2023 as per latest MCA records.

    30 Dec 2023

  • Balance Sheet

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

    31 Mar 2023

  • Charges

    A charge with Others of Rs. 15.00 Cr registered on 04 Dec 2018 with Charge ID 100235828 was modified on 01 Dec 2020.

    01 Dec 2020

Recent News, Updates & Announcement

Frequently asked questions

  • Mideast Integrated Steels Limited was incorporated on 07 Sep 1992.

  • The authorized share capital of Mideast Integrated Steels Limited is ₹ 180.00 Cr and paid-up capital is ₹ 137.88 Cr.

  • Currently 9 directors are associated with Mideast Integrated Steels Limited.

    • Rita Singh
    • Dushyant Kumar Singh
    • Shipra Singh Rana
    • Sanjiv Batra
    • Natasha Sinha
    • Prasant Kumar Misra
    • Vishwambhar Nath Tiwari
    • Priyanka Chugh
    • Vishwambhar Nath Tiwari
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mideast Integrated Steels Limited is H-1 Zamrudpur Comunity Centre Kailash Colony, New Delhi, India, 110048.

  • The corporate identification number (CIN) of Mideast Integrated Steels Limited is L74899DL1992PLC050216 and the company number is 050216 as per Ministry of Corporate Affairs (MCA).

  • Yes, Mideast Integrated Steels Limited is registered on Bombay Stock Exchange (BSE).

  • The Official website of Mideast Integrated Steels Limited is https://www.mescosteel.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Mideast Integrated Steels Limited has fallen by -90.37%.

  • As Per 2023 financial reports, 22 employees are currently employed by Mideast Integrated Steels Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Mideast Integrated Steels Limited has experienced an downturn of -22.84%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Mideast Integrated Steels Limited amount to ₹ 1,542.52 Cr.

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

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