West Coast Ingots Private Limited

Manufactures MS ingots, steel and alloy steel billets, and re-rolled sections for Harsh Vardhan Mittal Group.

1997 | Goa, Goa (India) | Active
Last Updated: June 18, 2024

West Coast Ingots Profile

Key Indicators

  • Authorised Capital ₹ 8.00 Cr
  • Paid Up Capital ₹ 5.51 Cr
  • Company Age 27 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 98.01 Cr
  • Revenue Growth 142.74%
  • Profit Growth -19.56%
  • Ebitda -70.40%
  • Net Worth 1.46%
  • Total Assets -8.99%

About West Coast Ingots

West Coast Ingots Private Limited (WCIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 October 1997 and has a history of 27 years and three months. Its registered office is in Goa, Goa, India.

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 8.00 Cr and a paid-up capital of Rs 5.51 Cr.

The company has closed loans amounting to ₹98.01 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Harshvardhan Mittal and Subhash Chand serve as directors at the Company.

Company Details

  • Location

    Goa, Goa, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27106GA1997PTC002459

  • Company No.

    002459

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    23 Oct 1997

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Goa

Industry

Metals and Minerals

Who are the key members and board of directors at West Coast Ingots?

Executive Team (1)

Name Designation Appointment Date Status
Harshvardhan Mittal Country flag representing In Managing Director 23-Oct-1997 Current

Board Members (1)

Name Designation Appointment Date Status
Subhash Chand Country flag representing In Director 24-Oct-1997 Current

Financial Performance of West Coast Ingots.

West Coast Ingots Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 142.74% increase. The company also saw a substantial fall in profitability, with a 19.56% decrease in profit. The company's net worth moved up by a moderate rise of 1.46%.

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
142.74%
Revenue from Operations
142.13%
Total Assets
-8.99%
Profit or Loss
-19.56%
Net Worth
1.46%
EBITDA
-70.40%

What is the Ownership and Shareholding Structure of West Coast Ingots?

In 2023, West Coast Ingots had a promoter holding of 96.08% and a public holding of 3.92%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹98.01 Cr

Charges Breakdown by Lending Institutions

  • Others : 72.12 Cr
  • Oriental Bank Of Commerce : 17.55 Cr
  • Axis Bank Limited : 6.15 Cr
  • Orienatal Bank Of Commerce : 2.19 Cr

Latest Charge Details

Date Lender Amount Status
21 Dec 2021 Axis Bank Limited ₹6.15 Cr Satisfied
15 Jun 2020 Others ₹2.00 Cr Satisfied
14 Sep 2016 Others ₹70.12 Cr Satisfied
19 Jun 2007 Oriental Bank Of Commerce ₹1.00 M Satisfied
23 Apr 2004 Orienatal Bank Of Commerce ₹1.14 Cr Satisfied

How Many Employees Work at West Coast Ingots?

West Coast Ingots has a workforce of 21 employees as of Apr 06, 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 West Coast Ingots, 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 West Coast Ingots'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 West Coast Ingots

Recent activity within the organization

  • Charges

    A charge registered on 21 Dec 2021 via Charge ID 100531776 with Axis Bank Limited was fully satisfied on 20 Dec 2023.

    20 Dec 2023

  • Annual General Meeting

    West Coast Ingots Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    West Coast Ingots Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Goa.

    31 Mar 2023

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 6.15 Cr with Charge ID 100531776 was registered on 21 Dec 2021.

    21 Dec 2021

  • Charges

    A charge registered on 15 Jun 2020 via Charge ID 100341335 with Others was fully satisfied on 16 Nov 2021.

    16 Nov 2021

  • Charges

    A charge registered on 14 Sep 2016 via Charge ID 100050854 with Others was fully satisfied on 16 Nov 2021.

    16 Nov 2021

Frequently asked questions

  • West Coast Ingots Private Limited was incorporated on 23 Oct 1997.

  • The authorized share capital of West Coast Ingots Private Limited is ₹ 8.00 Cr and paid-up capital is ₹ 5.51 Cr.

  • Currently 2 directors are associated with West Coast Ingots Private Limited.

    • Harshvardhan Shravan Sing Mittal
    • Subhash Chand
  • As per Ministry of Corporate Affairs (Mca), the registered address of West Coast Ingots Private Limited is Plot No 1Kundaim Industrial Estate Kundaim, Goa, India, 403115.

  • The corporate identification number (CIN) of West Coast Ingots Private Limited is U27106GA1997PTC002459 and the company number is 002459 as per Ministry of Corporate Affairs (MCA).

  • The Official website of West Coast Ingots Private Limited is https://www.mohitispat.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for West Coast Ingots Private Limited has risen by 142.74%.

  • As Per 2023 financial reports, 21 employees are currently employed by West Coast Ingots Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of West Coast Ingots Private Limited has experienced an upsurge of 1.46%.

  • The most recent Balance Sheet for West Coast Ingots Private Limited was filed with the ROC on 31 Mar 2023.

Similar Companies Based on Steel Manufacturing & Processing