Modern India ConCast Ltd.

Last Updated on ' Sun Aug 09 00:00:00 IST 2020 '
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Description
The history of MICL has its roots in the four-decade-old Modern Group of Companies that has been serving the steel industry since 1974. Initiating with Rana Udyog Pvt. Ltd., the Modern Group of Companies quickly established itself as an organization of repute. The formation of Gayson & Co. Pvt. Ltd. opened up new avenues in the export market. Soon Bharat Roll Industry Pvt. Ltd., Modern India Steel Rolling Mills Pvt. Ltd. and Modern Ispat Pvt. Ltd. joined the proud family. MICL was set up to cash in on the never before boom in the demand of manganese alloys in the beginning of the millennium. Gayson and Co. Pvt. Ltd. had been trading in manganese alloys since long. Seeing the market potential, the Group launched MICL, its manganese alloys manufacturing wing. The first unit of MICL was set up in 2004 at Bishnupur in West Bengal. A huge acceptance in global markets like South East Asia, Europe and the Middle East prompted the Company to spread its wings further. A 100percentage Export Oriented Unit was set up near the deep sea port of Haldia, West Bengal in 2010. With a total installed capacity of 175,000 MTor annum, it is today a force to be reckoned with in the global steel industry.
Sector
Materials
Sub Sector
Mine
Company Type
Unlisted
Type
Manufacturing
Employees
-
Register Address
8B, EVEREST, 46C, JAWAHARLAL NEHRU ROAD KOLKATA Kolkata WB 700071 IN
Website
http://miclindia.com
Key Products/Services
PRODUCTS Silico Manganese [High Carbon] Silico Manganese [Medium Carbon] Ferro Manganese [High Carbon] Ferro Manganese [Medium Carbon] Ferro Silicon
Key Resources/Assets
-
Stressed Asset Details Expand All 
-
No claim amount
Stressed Asset Related Documents
No Document found
Financial Information Documents
No Document found
Year Revenue (in INR Crores) Net Income (in INR Crores) Liabilities (in INR Crores) Fixed & Current Assets (in INR Crores) Current Ratio Quick Ratio RoE RoA EBITDA Margin PAT Margin
2015 66.526 - 57.225 26.395 0.74 0.14 - - 1.58 -
2016 66.643 0.457 63.695 24 0.99 0.71 0.03 0.01 13.46 0.69
Stressed Assets Timeline Thu Oct 20 00:00:00 IST 2022
Defined Date Without Date

Commencement of CIRP

Thu Oct 20 00:00:00 IST 2022Thu Oct 20 00:00:00 IST 2022
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Public Announcement by Resolution Professional

Mon Oct 20 00:00:00 IST 2025Mon Oct 20 00:00:00 IST 2025
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Claim submission

Sun Nov 20 00:00:00 IST 2005Sun Nov 20 00:00:00 IST 2005
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Invitation for Expression of Interest

Tue Mar 20 00:00:00 IST 2018Tue Mar 20 00:00:00 IST 2018
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Submission of Expression of Interest

Fri Apr 20 00:00:00 IST 2007Fri Apr 20 00:00:00 IST 2007
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Submission of Resolution Plan

Sun Apr 20 00:00:00 IST 2014Sun Apr 20 00:00:00 IST 2014
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Committee of Creditors Approval

Wed May 20 00:00:00 IST 2015Wed May 20 00:00:00 IST 2015
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Submission of Resolution Plan to NCLT

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Approval of Resolution Plan by NCLT

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