About Baid Industries Private Limited
Data last updated:
Baid Industries Private Limited is a private limited company based in Ankleshwar, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 16 May 2007.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17100GJ2007PTC050851. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹3.9 Cr and a paid-up capital of ₹3.89 Cr. It was formerly known as Baid Export Private Limited. It is led by directors including Vikash Gautamchand Jain (Irp/Rp/Liquidator) and Ashok Kumar Baid.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Plot No. 8 G .I. D. C. Panoli Ankleshwar, Gujarat, India – 384116.
As per the financials filed for FY 2021, the company reported a revenue of ₹16.77 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹3.59 Cr and EBITDA of ₹2.18 Lakh (EBITDA margin 13%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 65% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹147.76 Cr and satisfied charges of ₹11.5 Cr on record. Court records list 80 cases involving the company, including 17 filed by the company and 63 filed against it; 17 cases are pending.
The last known website on record is baidyarn.com.
Company details
CIN history
Baid Industries has one previous CIN (Corporate Identification Number): U52100GJ2007PTC050851. The current CIN is U17100GJ2007PTC050851, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17100GJ2007PTC050851 | Current |
| U52100GJ2007PTC050851 | Previous |
Contact details
Baid Industries Private Limited's registered office is in Ankleshwar, Gujarat. Its website is baidyarn.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 8 G .I. D. C. Panoli Ankleshwar, Gujarat, India – 384116
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Baid Industries 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
Financials of Baid Industries Private Limited
FY 2021 filings availableBaid Industries Private Limited reported revenue of ₹16.77 Lakh (down 98% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 65% over five years, including a 98% fall in the latest year. EBITDA rose 101% 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹16.77 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.59 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Baid Industries Private Limited, buy the company report.
Board of directors of Baid Industries Private Limited
Baid Industries has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikash Gautamchand Jain | Irp/Rp/Liquidator | 15 May 2023 | 3 Years 5 Months | As last reported |
| Ashok Kumar Baid Also directs: Soft Touch Fabrics Private Limited | Director | 16 May 2007 | 19 Years 5 Months | As last reported |
| Hemant Kumar Baid Also directs: Soft Touch Fabrics Private Limited | Director | 16 May 2007 | 19 Years 5 Months | As last reported |
| Jaykishan Rameshwarlal Rathi Also directs: Saffron Speciality Papers Limited | Irp/Rp/Liquidator | 19 Jul 2024 | 2 Years 3 Months | As last reported |
Auditor
Baid Industries Private Limited is audited by M M S & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M S & ASSOCIATES | FY 2021 | 110250W |
Shareholding
The shareholding of Baid Industries Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Baid Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Feb 2014 | 10483155 | State Bank of India (Lead Bank) & 1 Other | ₹54.39 Cr | Open | |
| 30 Jun 2011 | 10296252 | State Bank of India (Lead Bank) & 1 Other | ₹54.39 Cr | Open | |
| 25 Apr 2011 | 10290330 | State Bank of India | ₹38.98 Cr | Open | |
| 19 Aug 2010 | 10241552 | Bank of Baroda | ₹11.5 Cr | Satisfied |
To see the full charge records of Baid Industries Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Baid Industries Private Limited has 80 court cases on record: 17 filed by Baid Industries, 63 filed against it. 17 cases are pending and 63 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 60 | 58 | 15 |
| NCLT | 19 | 4 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 80)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Starwing Plastic and Chemicals Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Starwing Plastic and Chemicals Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Starwing Plastic and Chemicals Pvt Ltd | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Meliora Asset Reconstruction Company Limited | Pending |
| District court, SURAT, Gujarat | Criminal miscellaneous application | Filed against the company by Meliora Asset Reconstruction Company Ltd. | Disposed |
To see the full case history of Baid Industries 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 Baid Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Baid Industries Private Limited has a workforce of 1 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Baid Industries has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Baid Industries Private Limited, buy the company report.
Recent activity
Baid Industries Private Limited has 4 board changes on record since 2007: 4 appointments. The latest: Jaykishan Rameshwarlal Rathi was appointed as Irp/Rp/Liquidator on 19 Jul 2024.
2 earlier events are in the company report.
Frequently asked questions
Baid Industries is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Baid Industries is a company under liquidation, formerly operating as a private limited company based in Ankleshwar, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 16 May 2007 and is registered under CIN U17100GJ2007PTC050851. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Baid Industries has 4 current directors:
- Ashok Kumar Baid - Director
- Hemant Kumar Baid - Director
- Vikash Gautamchand Jain - Irp/Rp/Liquidator
- Jaykishan Rameshwarlal Rathi - Irp/Rp/Liquidator
The latest financial statements of Baid Industries on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Baid Industries is U17100GJ2007PTC050851. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Baid Industries has open charges of ₹147.76 Cr and satisfied charges of ₹11.5 Cr as per latest MCA filings.
Baid Industries has 80 court cases on record: 17 filed by the company and 63 filed against it. 17 are pending. Most are in the district courts.
Baid Industries was incorporated on 16 May 2007. It is registered with the Registrar of Companies, Ahmedabad.
Jaykishan Rameshwarlal Rathi was appointed as Irp/Rp/Liquidator on 19 Jul 2024. Vikash Gautamchand Jain was appointed as Irp/Rp/Liquidator on 15 May 2023. Ashok Kumar Baid was appointed as Director on 16 May 2007. Baid Industries has 4 board changes on record in total.
Baid Industries can be reached through the website baidyarn.com. Its registered office is in Ankleshwar, Gujarat, India.
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