Abc Bearings Limited - machinery and equipment in Mumbai, Maharashtra, India. Directors, charges & compliance details.
CIN L29130MH1961PLC012028 Incorporated 30 May 1961 ROC Mumbai HQ Mumbai, Maharashtra, India
Merged Listed Public Limited Company machinery and equipment
Data last updated
Revenue · FY 2017
₹190.35 Cr
▲ 6% YoY
Net profit · FY 2017
₹11.85 Cr
Net margin 6.2%
EBITDA · FY 2017
₹35.39 Cr
EBITDA margin 18.6%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹11.55 Cr
Issued & subscribed
Satisfied charges
₹303.87 Cr
No open charges
Company age
65 yrs
Est. 1961
Employees · EPFO
364
Provident fund records

About Abc Bearings Limited

Data last updated:

Abc Bearings Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 30 May 1961.

The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L29130MH1961PLC012028. Its GSTIN is 27AAACT5018Q2ZX (Maharashtra). The company held 10 GST registrations, of which 2 are active. It is a listed company.

The company had an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.55 Cr. It was led by directors including Pradip Manubhai Patel (Managing Director) and Sahir Sudhir Patel (Whole-Time Director).

Its last annual general meeting (AGM) was held on 20 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 402 – B Poonam Chambers Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400018.

As per the financials filed for FY 2017, the company reported a revenue of ₹190.35 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹11.85 Cr (net margin 6.2%) and EBITDA of ₹35.39 Cr (EBITDA margin 18.6%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years.

The company was associated with 1 brand: ABC Bearings. As per MCA filings, the company had satisfied charges of ₹303.87 Cr on record. Court records list 35 cases involving the company, including 17 filed by the company and 17 filed against it; 4 cases are pending. The company has 8 deals on record (7 market trades, 1 acquisition); the latest was in July 2017. Its 10 peer companies in the Machinery and Equipment industry (Bearings, Tools and Components) are compared by revenue, 5 larger and 5 smaller; the largest is Abhijeet Techno-Plast (India) Private Limited with revenue of ₹194.62 Cr.

The last known website on record is abcbearings.com.

Company Details of Abc Bearings Limited
CIN L29130MH1961PLC012028
Registration Number 012028
Incorporation Date 30 May 1961
ROC Mumbai
Listing Status Listed
Company Status Amalgamated
Date of Last AGM 20 September 2017
Date of Balance Sheet 31 March 2017
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    402 – B Poonam Chambers Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400018
  • Industry
    Machinery and Equipment, Industrial Tools & Components
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Financials, compliance, directors, charges, ownership and filings for Abc Bearings Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Abc Bearings Limited

The main business activity of Abc Bearings is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
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Financials of Abc Bearings Limited FY 2017 filings available

Abc Bearings Limited reported revenue of ₹190.35 Cr (up 6% YoY) for FY 2017.

Revenue · FY 2017
₹190.35 Cr ▲ 6%
Net profit · FY 2017
₹11.85 Cr margin 6.2%
EBITDA · FY 2017
₹35.39 Cr margin 18.6%

Compounded Annual Growth Rate (CAGR) of Abc Bearings Limited

Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 19%

Revenue has grown at a compounded annual rate (CAGR) of 10% over three years, including 6% growth in the latest year. EBITDA rose 27% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary of Abc Bearings Limited

MetricsFY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations••••••••••••
Other Income••••••••••••
Total Revenue₹190.35 Cr••••••••
Cost of Materials Consumed••••••••••••
Employee Benefit Expense••••••••••••
Finance Costs••••••••••••
Depreciation and Amortisation••••••••••••
Other Expenses••••••••••••
Total Expenses••••••••••••
EBITDA₹35.39 Cr••••••••
Profit Before Tax••••••••••••
Tax Expense••••••••••••
Net Profit (PAT)₹11.85 Cr••••••••
Balance Sheet
Share Capital••••••••••••
Reserves and Surplus••••••••••••
Net Worth (Total Equity)••••••••••••
Long-term Borrowings••••••••••••
Short-term Borrowings••••••••••••
Trade Payables••••••••••••
Total Liabilities••••••••••••
Fixed Assets••••••••••••
Investments••••••••••••
Inventories••••••••••••
Trade Receivables••••••••••••
Cash and Bank Balance••••••••••••
Total Assets••••••••••••

Financial Ratios of Abc Bearings Limited

MetricsFY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin18.6%••••••••
Net Profit Margin6.2%••••••••
Return on Equity (ROE)••••••••••••
Return on Capital Employed (ROCE)••••••••••••
Return on Assets (ROA)••••••••••••
Liquidity and Debt
Current Ratio••••••••••••
Quick Ratio••••••••••••
Debt-to-Equity Ratio••••••••••••
Interest Coverage Ratio••••••••••••
Efficiency and Growth
Asset Turnover••••••••••••
Receivable Days••••••••••••
Payable Days••••••••••••
Inventory Days••••••••••••
Revenue Growth••••••••••••
Net Profit Growth••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Abc Bearings are in the company report.

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Financial statements from 2015

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Peer Comparison of Abc Bearings Limited

Abc Bearings Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Bearings, Tools and Components). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Abhijeet Techno-Plast (India) Private Limited₹194.62 Cr (FY 2025)••••••••75.0%••••Vasai, Maharashtra, India
Metal Forgings Pvt.Ltd.₹194.03 Cr (FY 2025)••••••••-17.0%••••New Delhi, Delhi, India
Star Auto Industries Private Limited₹192.23 Cr (FY 2025)••••••••-2.0%••••Mumbai, Maharashtra, India
Bharat Electrodrives Private Limited₹191.48 Cr (FY 2025)••••••••55.0%••••Nashik, Maharashtra, India
Sanchit Exports Private Limited₹191.18 Cr (FY 2025)••••••••26.0%••••Jalandhar, Punjab, India
Abc Bearings Limited this company₹190.35 Cr (FY 2017)••••••••6.0%••••Mumbai, Maharashtra, India
Linit Exports Private Limited₹189.44 Cr (FY 2025)••••••••7.0%••••Mumbai, Maharashtra, India
Bramas Industrial Service Association₹189.22 Cr (FY 2025)••••••••56.0%••••Tiruchirappalli, Tamil Nadu, India
Integra Automation Private Limited₹187.97 Cr (FY 2025)••••••••-26.0%••••Coimbatore, Tamil Nadu, India
Spun Micro Processing Private Limited₹185.97 Cr (FY 2025)••••••••4.0%••••New Delhi, Delhi, India
Mehra Metal Components Private Limited₹184.71 Cr (FY 2025)••••••••31.0%••••New Delhi, Delhi, India

Peers are the five companies nearest above and the five nearest below Abc Bearings by revenue in the Machinery and Equipment industry (Bearings, Tools and Components), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Abc Bearings Limited

Abc Bearings Limited is audited by PARIKH & SHAH for the financial year 2017.

NameStatusAppointment DateCessation Date
PARIKH & SHAHLockedLockedLocked
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Board of Directors and KMP of Abc Bearings Limited

Abc Bearings Limited currently reports 8 directors and 2 key managerial personnel. 3 former directors have served the organization.

Directors and KMP (as last reported)
NameDesignationAppointment DateTenureStatus
Pradip Manubhai PatelManaging Director01 Aug 198640 Years 2 MonthsAs last reported
Shishir Kisonlal DiwanjiDirector23 Jun 198838 Years 3 MonthsAs last reported
Nalin Mansukhlal ShahDirector16 Jul 201313 Years 3 MonthsAs last reported
Jolly Abraham PlammoottilDirector23 Mar 201511 Years 6 MonthsAs last reported
Sahir Sudhir PatelWhole-Time Director19 Oct 201610 Years 0 MonthsAs last reported
Sanjay Babubhai DesaiCompany Secretary07 Jun 200521 Years 4 MonthsAs last reported
Showing 6 of 10 current directors and KMP. View all directors and KMP

Ownership and Shareholding of Abc Bearings Limited

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Charges & Borrowings of Abc Bearings Limited

Open charges
None
Satisfied charges
₹303.87 Cr
Breakdown by lending institutions
Kotak Mahindra Bank Limited₹64.62 Cr
Idbi Bank Limited₹61.50 Cr
State Bank of India₹50.00 Cr
Kotak Mahindra Bank Ltd₹26.50 Cr
The Honkong and Shanghai Banking Corporation Limited₹20.30 Cr
Others₹80.95 Cr
Latest charge details
DateLenderAmountStatus
25 Oct 2013Tata Capital Financial Services Limited₹15 CrSatisfied
20 Jul 2013Others₹18.75 CrSatisfied
06 Aug 2011State Bank of India₹50 CrSatisfied
29 Oct 2009Idbi Bank Limited₹26.5 CrSatisfied
25 May 2009Idbi Bank Limited₹35 CrSatisfied

Total charge records: 16 View all charges

Deals & Funding of Abc Bearings Limited

Abc Bearings Limited has 8 deals on record (7 market trades, 1 acquisition); the latest was in July 2017.

Total deals
8
Market trades
7
Acquisition
1

Deals on record (5 of 8)

WhenDealAmountParties
Jul 2017AcquisitionUndisclosedBuyer: Timken India Limited
Sep 2011Market trade₹97.2 LakhSeller: an individual
Jul 2010Market trade₹79.4 LakhSeller: Life Insurance Corporation Of India
Jun 2010Market trade₹1.07 CrSeller: Goldman Sachs Investments Mauritius I Ltd
Nov 2008Market trade₹33.7 LakhBuyer: Copthall Mauritius Investment Limited
Seller: Bsma Limited
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Full deal history

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Associated Brands with Abc Bearings Limited

Abc Bearings operates one associated brand: ABC Bearings. Each brand links to its own profile.

BrandDescriptionWebsite
Bearings for automobiles are manufactured by ABC Bearings.abcbearings.com

Employees and EPFO Compliance at Abc Bearings Limited

Abc Bearings Limited has a workforce of 364 employees as of Mar 23, 2024.

Employee count
364
Active EPFO establishments
2
Employee growth
-2.67%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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CIN History of Abc Bearings Limited

Abc Bearings has one previous CIN (Corporate Identification Number): U29130MH1961PLC012028. The current CIN is L29130MH1961PLC012028, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L29130MH1961PLC012028Current
U29130MH1961PLC012028Previous

Recent Activity on Abc Bearings Limited

Abc Bearings Limited has 16 board changes on record since 1969: 13 appointments and 3 cessations. The latest: Sahir Sudhir Patel was appointed as Whole-Time Director on 19 Oct 2016.

Charges
A charge registered on 20 Jul 2013 via Charge ID 10437969 with Others was fully satisfied on 30 Jul 2018.
AGM
Abc Bearings Limited last Annual general meeting of members was held on 20 Sep 2017 as per latest MCA records.
Charges
A charge registered on 06 Aug 2011 via Charge ID 10303609 with State Bank Of India was fully satisfied on 11 Sep 2017.
Charges
A charge registered on 25 May 2009 via Charge ID 10162687 with Idbi Bank Limited was fully satisfied on 26 Apr 2017.
Charges
A charge registered on 25 Oct 2013 via Charge ID 10458217 with Tata Capital Financial Services Limited was fully satisfied on 20 Apr 2017.
Filing
Abc Bearings Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai.
Charges
A charge with Others of Rs. 18.75 Cr registered on 20 Jul 2013 with Charge ID 10437969 was modified on 30 Dec 2016.
Appointed
Sahir Sudhir Patel was appointed as Whole-Time Director.
Appointed
Jolly Abraham Plammoottil was appointed as Director.
Charges
A charge with Tata Capital Financial Services Limited of Rs. 15.00 Cr registered on 25 Oct 2013 with Charge ID 10458217 was modified on 27 Aug 2014.
Charges
A charge registered on 29 Oct 2009 via Charge ID 10182964 with Idbi Bank Limited was fully satisfied on 01 Aug 2014.
Appointed

47 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Abc Bearings Limited

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MSME Payment Delays by Abc Bearings Limited

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Subsidiaries & Group Companies of Abc Bearings Limited

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GST Compliance of Abc Bearings Limited

Abc Bearings has 10 GST registrations: 2 active and 8 cancelled or inactive.

Total GSTINs
10
Active
2
Cancelled / inactive
8
GSTINStateStatusRegistered on
27AAACT5018Q2ZXMaharashtraActive14 Aug 2017
07AAACT5018Q1Z0DelhiActive18 Aug 2017
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MCA Filings & Documents of Abc Bearings Limited

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Related news about Abc Bearings Limited

Frequently Asked Questions about Abc Bearings Limited

Abc Bearings has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.

Abc Bearings was a public limited company based in Mumbai, Maharashtra, India. The company worked in industrial tools and components, within the machinery and equipment industry. It was incorporated on 30 May 1961 and is registered under CIN L29130MH1961PLC012028. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Abc Bearings was incorporated on 30 May 1961. It is registered with the Registrar of Companies, Mumbai.

Abc Bearings had 10 directors and KMP:

The CIN (Corporate Identification Number) of Abc Bearings is L29130MH1961PLC012028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes, Abc Bearings is a listed company.

The registered office of Abc Bearings is at 402 – B Poonam Chambers Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400018.

Abc Bearings can be reached through the website abcbearings.com. Its registered office is in Mumbai, Maharashtra, India.

Abc Bearings reported revenue of ₹190.35 Cr for FY 2017 (up 6% YoY).

Abc Bearings has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.55 Cr.

Abc Bearings reported a net profit of ₹11.85 Cr (net margin 6.2%) and EBITDA of ₹35.39 Cr (EBITDA margin 18.6%) for FY 2017, as per its filed financial statements.

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