Bains Steels Private Limited
About Bains Steels Private Limited
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Bains Steels Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 07 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U13100PB1996PTC017813. Its GSTIN is 03AABCB2649A1ZF (Punjab).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹12.98 Lakh. It is led by directors Divyaveer Singh Bains and Satinder Paul Singh Bains.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mittal Kanda Lane Industrial Area – C Dhandhari Kalan, Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2023, the company reported a revenue of ₹14.87 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹5.2 Lakh (net margin -0.3%) and EBITDA of ₹24.29 Lakh (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 49% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.33 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bains Steels Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMittal Kanda Lane Industrial Area – C Dhandhari Kalan, Ludhiana, Punjab, India – 141010
- IndustryManufacturing, Cable & Wire
To see the full contact details of Bains 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 Bains Steels is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Bains Steels Private Limited, buy the company report.
Financials of Bains Steels Private Limited
FY 2023 filings availableBains Steels Private Limited reported revenue of ₹14.87 Cr (up 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 9% growth in the latest year. EBITDA fell 22% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹24.29 Lakh | ||||
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| Net Profit (PAT) | -₹5.2 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | -0.3% | ||||
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To see the full financial statements and ratios of Bains Steels Private Limited, buy the company report.
Board of directors of Bains Steels Private Limited
Bains Steels has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Divyaveer Singh Bains | Director | 09 Jan 2019 | 7 Years 9 Months | Current |
| Satinder Paul Singh Bains Also directs: Good Food Boutique Private Limited | Director | 07 Mar 1996 | 30 Years 7 Months | Current |
Auditor
Bains Steels Private Limited is audited by SCV & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SCV & Co. LLP | FY 2022 | 086066 |
Shareholding
The shareholding of Bains Steels Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Bains Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Dec 2006 | 10035432 | State Bank of India | ₹2.46 Cr | Open | |
| 31 Aug 2006 | 10021360 | Uco Bank | ₹1.77 Cr | Open | |
| 22 Sep 1997 | 90176359 | Punjab Financial Corporation | ₹10 Lakh | Open |
To see the full charge records of Bains Steels Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Bains Steels Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bains Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bains Steels Private Limited has a workforce of 6 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Bains Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCB2649A1ZF | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bains Steels Private Limited, buy the company report.
Recent activity
Bains Steels Private Limited has 4 board changes on record since 1996: 2 appointments and 2 cessations. The latest: Divyaveer Singh Bains was appointed as Director on 09 Jan 2019.
Frequently asked questions
Bains Steels is an active private limited company based in Ludhiana, Punjab, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 07 March 1996 (30+ years old) and is registered under CIN U13100PB1996PTC017813.
Bains Steels has 2 current directors:
- Divyaveer Singh Bains - Director
- Satinder Paul Singh Bains - Director
The latest financial statements of Bains Steels on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Bains Steels is 03AABCB2649A1ZF, registered in Punjab.
The CIN (Corporate Identification Number) of Bains Steels is U13100PB1996PTC017813. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bains Steels was incorporated on 07 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chandigarh.
Divyaveer Singh Bains was appointed as Director on 09 Jan 2019. Piara Singh Bains ceased to be Director on 26 Dec 2018. Kavinder Paul Singh Bains ceased to be Director on 19 Mar 2018. Bains Steels has 4 board changes on record in total.
The registered office of Bains Steels is at Mittal Kanda Lane Industrial Area – C Dhandhari Kalan, Ludhiana, Punjab, India – 141010.
Bains Steels operates in the manufacturing industry, in the cable and wire segment.
Bains Steels has open charges of ₹4.33 Cr and no satisfied charges on record as per latest MCA filings.