Bacan Steels Private Limited
About Bacan Steels Private Limited
Data last updated:
Bacan Steels Private Limited was a private limited company based in Delhi, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 13 July 2007.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U27310DL2007PTC165837.
The company had an authorised share capital of ₹17 Lakh and a paid-up capital of ₹16.86 Lakh. It was formerly known as Glamour Steels Private Limited and Belaya Steels Private Limited. It was led by directors Amit Kumar and Mukesh Kumar.
Its last annual general meeting (AGM) was held on 22 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Office No.05 Plot No.5 Lsc Saini Enclave, Delhi, India – 110092.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.92 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹10,263 (net margin 0.1%) and EBITDA of ₹14,633 (EBITDA margin 0.1%).
Court records list 1 case involving the company, including 1 filed against it.
Company details
Name history
Bacan Steels has undergone 2 name changes throughout its history. The company was previously known as Glamour Steels Private Limited, and Belaya Steels Private Limited. The current legal name is Bacan Steels Private Limited.
| Company Name | Status |
|---|---|
| Bacan Steels Private Limited | Current |
| Glamour Steels Private Limited | Previous |
| Belaya Steels Private Limited | Previous |
Contact details
Bacan Steels Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No.05 Plot No.5 Lsc Saini Enclave, Delhi, India – 110092
- IndustryMetals and Minerals, Steel Manufacturing & Processing, Metal Retail & Distribution
To see the full contact details of Bacan Steels Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Bacan Steels is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Bacan Steels Private Limited, buy the company report.
Financials of Bacan Steels Private Limited
FY 2017 filings availableBacan Steels Private Limited reported revenue of ₹1.92 Cr (up 660% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 660% in the latest year. EBITDA rose 257% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
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| Other Income | |||
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| Total Expenses | |||
| EBITDA | ₹14,633 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹10,263 | ||
| Balance Sheet | |||
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| Reserves and Surplus | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.1% | ||
| Net Profit Margin | 0.1% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| Receivable Days | |||
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| Net Profit Growth | |||
To see the full financial statements and ratios of Bacan Steels Private Limited, buy the company report.
Board of directors of Bacan Steels Private Limited
Bacan Steels has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Kumar Also directs: Pessy Trading Private Limited | Director | 14 Jun 2016 | 10 Years 4 Months | As last reported |
| Mukesh Kumar | Director | 09 Mar 2012 | 14 Years 7 Months | As last reported |
Peer comparison
Bacan Steels Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution, Steel), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ecozone Marketing Private Limited | ₹1.92 Cr (FY 2021) | -70.0% | Kolkata, West Bengal, India | |||
| Bacan Steels Private Limitedthis company | ₹1.92 Cr (FY 2017) | ₹10,263 | 0.1% | 660.0% | Delhi, India | |
| Vaishno Alloys Traders Private Limited | ₹1.91 Cr (FY 2024) | 2848.0% | Delhi, India | |||
| Dhrublok Steel Private Limited | ₹1.91 Cr (FY 2024) | -79.0% | Howrah, West Bengal, India |
To see the full peer comparison of Bacan Steels Private Limited, buy the company report.
Auditor
Bacan Steels Private Limited is audited by MRIGANK RAI & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MRIGANK RAI & ASSOCIATES | FY 2016 | 023818N |
Shareholding
The shareholding of Bacan Steels Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Bacan Steels Private Limited, buy the company report.
Legal cases
Bacan Steels Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, New Delhi Bench Court-III | Company petition | Filed against the company by Income Tax Officer | Disposed |
To see the full case history of Bacan Steels Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bacan Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Bacan Steels Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Bacan Steels Private Limited has 5 board changes on record since 2012: 2 appointments and 3 cessations. The latest: Amit Kumar Saxena ceased to be Director on 21 Jun 2016.
Frequently asked questions
Bacan Steels has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Bacan Steels was a private limited company based in Delhi, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 13 July 2007 and is registered under CIN U27310DL2007PTC165837. The company has been struck off by the Registrar of Companies and is no longer operational.
Bacan Steels had 2 directors:
- Amit Kumar - Director
- Mukesh Kumar - Director
The CIN (Corporate Identification Number) of Bacan Steels is U27310DL2007PTC165837. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Bacan Steels is at Office No.05 Plot No.5 Lsc Saini Enclave, Delhi, India – 110092.
Bacan Steels was incorporated on 13 July 2007. It is registered with the Registrar of Companies, Delhi.
The latest financial statements of Bacan Steels on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 22 September 2017. Year-wise statements from 2015 are in the company report.
Bacan Steels operated in the metals and minerals industry, in the steel manufacturing and processing segment. It worked in this industry before it was struck off.
The peers of Bacan Steels by revenue are Ecozone Marketing Private Limited, Vaishno Alloys Traders Private Limited, Dhrublok Steel Private Limited, all in the Metals and Minerals industry (Metal Retail and Distribution, Steel), with the same principal business activity (wholesale trading).
Bacan Steels has 1 court case on record: 1 filed against it.
Amit Kumar Saxena ceased to be Director on 21 Jun 2016. Amit Kumar was appointed as Director on 14 Jun 2016. Deepak Parasar Sharma ceased to be Director on 15 Mar 2012. Bacan Steels has 5 board changes on record in total.