Steel Abrasive Industries Limited
Manufactures and sells steel products, including cut wire shots and castings.
2002 | Raipur, Chattisgarh (India) | Active
Steel Abrasive Industries Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 6.01 Cr
- Company Age 22 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 13.28 Cr
- Revenue Growth 102.16%
- Profit Growth -114.65%
- Ebitda -177.50%
- Net Worth -5.80%
- Total Assets -6.16%
About Steel Abrasive Industries
Steel Abrasive Industries Limited (SAIL) is a Public Limited Indian Non-Government Company incorporated in India on 11 June 2002 and has a history of 22 years and 11 months. Its registered office is in Raipur, Chattisgarh.
The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 6.01 Cr.
The company currently has active open charges totaling ₹13.28 Cr.
Indra Agarwal, Omprakash Gupta, and Bhanwarlal Thanvi serve as directors at the Company.
Company Details
- Location Raipur, Chattisgarh
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U27106CT2002PLC015129
- Company No.
015129
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
11 Jun 2002
- Date of AGM
28 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chhattisgarh
Industry
Manufacturing
Steel Abrasive Industries Limited
Explore comprehensive data for Steel Abrasive Industries Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Steel Abrasive Industries?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Indra Agarwal  | Director | 30-Dec-2006 | Current |
| Omprakash Gupta | Director | 31-May-2005 | Current |
| Bhanwarlal Thanvi | Director | 30-Sep-2011 | Current |
Financial Performance of Steel Abrasive Industries.
Steel Abrasive Industries Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 102.16% increase. The company also saw a substantial fall in profitability, with a 114.65% decrease in profit. The company's net worth dipped by a decrease of 5.8%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Steel Abrasive Industries?
In 2021, Steel Abrasive Industries had a promoter holding of 23.71% and a public holding of 76.29%. 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)
- Synora Traders Private Limited
Indra Agarwal and Omprakash Gupta are mutual person
Charges (Loans)
Open Charges
₹13.28 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Union Bank Of India : 10.98 Cr
- M.P. Financial Corporation : 2.30 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Apr 2010 | Union Bank Of India | ₹1.00 M | Open |
| 16 Jun 2006 | Union Bank Of India | ₹5.78 Cr | Open |
| 16 Jul 2003 | Union Bank Of India | ₹4.50 Cr | Open |
| 23 Dec 2002 | Union Bank Of India | ₹6.00 M | Open |
| 11 Jan 1999 | M.P. Financial Corporation | ₹2.30 Cr | Open |
How Many Employees Work at Steel Abrasive Industries?
Unlock and access historical data on people associated with Steel Abrasive Industries, 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 Steel Abrasive Industries, 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 Steel Abrasive Industries'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.
Latest Updates, News, and FAQs on Steel Abrasive Industries
Recent activity within the organization
- Annual General Meeting
Steel Abrasive Industries Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
- Balance Sheet
Steel Abrasive Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chhattisgarh.
- Director Appointment
Bhanwarlal Ramkishan Thanvi was appointed as a Director was appointed as a Director on 30 Sep 2011 & has been associated with this company since 13 years 7 months .
- Charges
A charge with Union Bank Of India of Rs. 5.78 Cr registered on 16 Jun 2006 with Charge ID 10010052 was modified on 06 Sep 2011.
- Charges
A charge with Union Bank Of India amounted to Rs. 0.10 Cr with Charge ID 10220582 was registered on 15 Apr 2010.
- Director Appointment
Indra Chand Agarwal was appointed as a Director was appointed as a Director on 30 Dec 2006 & has been associated with this company since 18 years 4 months .
Frequently asked questions
What is the Incorporation or founding date of Steel Abrasive Industries Limited?
Steel Abrasive Industries Limited was incorporated on 11 Jun 2002.
What is authorized share capital and paid-up capital of Steel Abrasive Industries Limited?
The authorized share capital of Steel Abrasive Industries Limited is ₹ 10.00 Cr and paid-up capital is ₹ 6.01 Cr.
Who are the current board members & directors of Steel Abrasive Industries Limited?
Currently 3 directors are associated with Steel Abrasive Industries Limited.
- Indra Chand Agarwal
- Omprakash Gupta
- Bhanwarlal Ramkishan Thanvi
What is the registered address of Steel Abrasive Industries Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Steel Abrasive Industries Limited is 301A 2Nd Floor Shyam Square, Pandri India, Raipur, Chattisgarh, 492006.
What is the corporate identification number (CIN) and company number of Steel Abrasive Industries Limited?
The corporate identification number (CIN) of Steel Abrasive Industries Limited is U27106CT2002PLC015129 and the company number is 015129 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Steel Abrasive Industries Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Steel Abrasive Industries Limited has risen by 102.16%.
What change has been observed in the net worth of Steel Abrasive Industries Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Steel Abrasive Industries Limited has experienced an downturn of -5.80%.
What are the total open charges for Steel Abrasive Industries Limited?
As per the financial statements for fiscal Year 2021, The total open charges for Steel Abrasive Industries Limited amount to ₹ 13.28 Cr.
When was the last Balance Sheet of Steel Abrasive Industries Limited filed with the ROC?
The most recent Balance Sheet for Steel Abrasive Industries Limited was filed with the ROC on 31 Mar 2024.
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