SHIV AUM STEELS Share price

The Company was incorporated as Shiv Aum Steels Private Limited on March 11 2002 Under Companies Act 1956 with Registrar of Companies Mumbai. Subsequently the name of the Company was changed to Shiv Jagannath Steel Private Limited pursuant to a fresh certificate of Incorporation. Further the name of the Company was changed to Shiv Aum Steels Private Limited pursuant to a fresh certificate of Incorporation. Pursuant to a shareholders resolution dated April 22 2019 the status of the Company was changed to public limited company and the name was changed to Shiv Aum Steels Limited. A fresh certificate of incorporation consequent upon conversion was granted to the Company on April 26 2019 by the Registrar of Companies Mumbai.The Corporate Identity Number of the Company is U27105MH2002PLC135117The Company Shiv Aum Steels Limited is engaged in the trading of mild steel products such as beams angles plateschannels coils and thermo mechanically treated (TMT) bars. the Company operates as a trader stockist and distributorof steel products. We are an authorised distributor for selling steel products of Jindal Steel & Power Limited (JSPL) have entered into MoUs with Steel Authority of India (SAIL) & Rashtriya Ispat Nigam Limited (RINL) and also procure steel products from various other steel manufacturers including Monnet Ispat & Energy Limited (MIEL) and Vandana Ispat Limited (VIL) to name a few which gives us an exclusive market to trade in high quality and well established brands of steel products. We deal in various types of steel products like I – Beams H – Beams C Channels Angles T – Angles Coils Plates etc. all in varied sizes as per the requirement of the customers.Though the Company was incorporated in the year 2002 the Promoters have amassed extensive experience in the steeltrading business since 1982. We specialize in procuring a large array of steel products from the top manufacturers in bulk quantities and selling them to customers who require these steel products in specific quantities sizes and dimensions. The steel sector being categorized by large scale production and products which are bulky in nature does not facilitate direct selling in small quantities as it requires specialized transport storage and buying capacity. the Company’s business is a broad based distribution model based on multiple steel products. The focus is to establish theselves and capture a considerable market share in each of the steel product categories like beams plates angles bars etc. This helps to spread the market risks arising out of fluctuation in the market shares of various steel products and brands besides helping us to achieve economies of scale.We mainly play a connecting role and support the manufacturers’ demand generation activities through trade marketing. the Company’s operating model represents the indirect sales model and we play the role of supply chain consolidator between several steel manufacturers and the end users of the steel products. The key deliverables here are logistics inventory management credit and delivery at cost effective prices to the customers. Thus the business require stocking of various steel products at the dedicated godown and is working capital intensive.At present we cater only to domestic markets and over the years we have build a strong and reliable customer base. Wesupply all kinds of steel products on a PAN India basis and the customers range from small steel processing units to large EPC companies and Real Estate & Infrastructure Developers. Some of the customers include Maharashtra Seamless Kone Cranes Dogus Soma JV L&T STEC JV and IPCA to name a few. We have established cordial relations with dealers traders and distributors who are well established in steel industry which help us gain long term benefits. We aim to expand the customer base by reaching out to new states and increasing the sales in existing states. To cater to the customers needs we have a godown situated at Survey No. 99 Hissa No. 1A/2(1)/A & Survey No. 99 Hissa No. 1A/2(2) Village Vavanje Panvel District – Raigad spanning approximately 9500 sq. mtrs. wherein the management estimates that it has a capacity of approximately 7000 – 8000 tons of Long Steel products and 10000 – 12000 tons of Flat Steel products. Also the Company operates from its Registered Office located at 515 The Summit Business Bay Opp. Cinemax Western Express Way A. K. Road Andheri (East) Mumbai - 400093.MAJOR EVENTS IN THE HISTORY OF THE COMPANY :2002- The company was incorporated as Shiv Aum Steels Private Limited and started its business.2007- The Company acquired warehouse at Survey No. 99 Hissa No. 1A/2(1)/A & Survey No. 99 Hissa No. 1A/2(2) situated at village Vavanje Taluka – Panvel District – Raigad. Admeasuring 9500(1) Sq. Meters.2009- The Company acquired its own weight measurement system resulting into operational efficiencies.- The Company achieved turnover of Rs. 100.00 cr for the first time.2012- The Company achieved turnover of Rs. 200.00 cr for the first time.2016- The Company shifted its registered office to 515 5th Floor Building – The Summit Business Bay Andheri Mumbai City admeasuring 74 Sq. Meter.