Sterling Oil Resources Limited

Extracts crude petroleum through subsidiaries abroad since 2006, based in Mumbai.

2006 | Mumbai, Maharashtra (India) | Under Insolvency
Last Updated:

Sterling Oil Resources Profile

Key Indicators

  • Authorised Capital ₹ 150.00 Cr
  • Paid Up Capital ₹ 146.01 Cr
  • Company Age 18 Year, 8 Months
  • Last Filing with ROC 31 Mar 2016
  • Open Charges ₹ 1,783.04 Cr
  • Revenue Growth 62.42%
  • Profit Growth 1087.29%
  • Ebitda 99.53%
  • Net Worth 8.19%
  • Total Assets -42.67%

About Sterling Oil Resources

Sterling Oil Resources Limited (SORL) is Under Cirp company established on 10 Jul 2006 with its office registered at and has been running since 18 Year, 8 Months with a paid up capital of 146.01 Cr. According to MCA records, 5 Directors are linked to this company as of 18 Jan 2025.

Company Details

  • Location Mumbai, Maharashtra
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U23209MH2006PLC163026

  • Company No.

    163026

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    10 Jul 2006

  • Date of AGM

    28 Sep 2016

  • Date of Balance Sheet

    31 Mar 2016

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Energy and Power

Who are the key members and board of directors at Sterling Oil Resources?

Board Members (5)

NameDesignationAppointment DateStatus
Dipti Sandesara Country flag representing In Director 01-Nov-2007Current
Mayuriben Patel Country flag representing In Director 20-Mar-2015Current
Hiteshkumar Patel Country flag representing In Director 20-Mar-2015Current
Chetan Sandesara Country flag representing In Director 01-Nov-2007Current
Nitin Sandesara Country flag representing In Director 01-Nov-2007Current

Financial Performance of Sterling Oil Resources.

Sterling Oil Resources Limited, for the financial year ended 2015, experienced significant growth in revenue, with a 62.42% increase. The company also saw a substantial improvement in profitability, with a 1087.29% increase in profit. The company's net worth moved up by a moderate rise of 8.19%.

Sterling Oil Resources revenue growth over time
Sterling Oil Resources 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
62.42%
Revenue from Operations
Total Assets
-42.67%
Profit or Loss
1087.29%
Net Worth
8.19%
EBITDA
99.53%

What is the Ownership and Shareholding Structure of Sterling Oil Resources?

In 2016, Sterling Oil Resources had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,783.04 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 1375.00 Cr
  • Bank Of Baroda : 360.04 Cr
  • Allahabad Bank : 48.00 Cr

Latest Charge Details

DateLenderAmountStatus
17 Sep 2012Bank Of Baroda₹360.04 CrOpen
06 Apr 2012Allahabad Bank₹48.00 CrOpen
18 Dec 2009Axis Bank Limited₹1,375.00 CrOpen

How Many Employees Work at Sterling Oil Resources?

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

Employee growth trends for Sterling Oil Resources Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sterling Oil Resources, 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 Sterling Oil Resources'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 Sterling Oil Resources

Recent activity within the organization

  • Annual General Meeting

    Sterling Oil Resources Limited last Annual general meeting of members was held on 28 Sep 2016 as per latest MCA records.

  • Balance Sheet

    Sterling Oil Resources Limited has filed its annual Financial statements for the year ended 31 Mar 2016 with Roc Mumbai.

  • Director Appointment

    Mayuriben Hiteshbhai Patel was appointed as a Director was appointed as a Director on 20 Mar 2015 & has been associated with this company since 10 years 10 days .

  • Director Appointment

    Hiteshkumar Narendrabhai Patel was appointed as a Director was appointed as a Director on 20 Mar 2015 & has been associated with this company since 10 years 10 days .

  • Charges

    A charge with Bank Of Baroda amounted to Rs. 360.04 Cr with Charge ID 10379632 was registered on 17 Sep 2012.

  • Charges

    A charge with Allahabad Bank amounted to Rs. 48.00 Cr with Charge ID 10351398 was registered on 06 Apr 2012.

Frequently asked questions

  • What is the Incorporation or founding date of Sterling Oil Resources Limited?

    Sterling Oil Resources Limited was incorporated on 10 Jul 2006.

  • What is authorized share capital and paid-up capital of Sterling Oil Resources Limited?

    The authorized share capital of Sterling Oil Resources Limited is ₹ 150.00 Cr and paid-up capital is ₹ 146.01 Cr.

  • Who are the current board members & directors of Sterling Oil Resources Limited?

    Currently 5 directors are associated with Sterling Oil Resources Limited.

    • Dipti Chetan Sandesara
    • Mayuriben Hiteshbhai Patel
    • Hiteshkumar Narendrabhai Patel
    • Chetan Jayantilal Sandesara
    • Nitin Jayantilal Sandesara

  • What is the registered address of Sterling Oil Resources Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Sterling Oil Resources Limited is 329 Sandesara House Jawahar Nagar, Goregaon (West) India, Mumbai, Maharashtra, 400062.

  • What is the corporate identification number (CIN) and company number of Sterling Oil Resources Limited?

    The corporate identification number (CIN) of Sterling Oil Resources Limited is U23209MH2006PLC163026 and the company number is 163026 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Sterling Oil Resources Limited?

    According to the financial reports for the fiscal year 2015, the revenue trend for Sterling Oil Resources Limited has risen by 62.42%.

  • What change has been observed in the net worth of Sterling Oil Resources Limited, and by what percentage?

    The financial reports for the fiscal year 2015 indicates that The net worth of Sterling Oil Resources Limited has experienced an upsurge of 8.19%.

  • What are the total open charges for Sterling Oil Resources Limited?

    As per the financial statements for fiscal Year 2015, The total open charges for Sterling Oil Resources Limited amount to ₹ 1,783.04 Cr.

  • When was the last Balance Sheet of Sterling Oil Resources Limited filed with the ROC?

    The most recent Balance Sheet for Sterling Oil Resources Limited was filed with the ROC on 31 Mar 2016.

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