About Balaji Sourcings Private Limited
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Balaji Sourcings Private Limited is a private limited company based in Solapur, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 20 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U51434PN2006PTC128357. Its GSTIN is 24AACCB8454E1ZV (Gujarat). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Vikas Mangilal Shah (Whole-Time Director) and Virendra Bherumal Mehta.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Balajitowers 4 Thfloor No.9/1A/1 Hotgiroad Aasarachowk, Solapur, Maharashtra, India – 413224.
As per the financials filed for FY 2019, the company reported a revenue of ₹62.7 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹32.44 Lakh (net margin 0.5%) and EBITDA of ₹89.73 Lakh (EBITDA margin 1.4%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹60.1 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balajisourcings.com.
Company details
Contact details
Balaji Sourcings Private Limited's registered office is in Solapur, Maharashtra. Its website is balajisourcings.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressBalajitowers 4 Thfloor No.9/1A/1 Hotgiroad Aasarachowk, Solapur, Maharashtra, India – 413224
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Balaji Sourcings 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 Balaji Sourcings is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Balaji Sourcings Private Limited, buy the company report.
Financials of Balaji Sourcings Private Limited
FY 2019 filings availableBalaji Sourcings Private Limited reported revenue of ₹62.7 Cr (up 25% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 25% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA fell 11% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹62.7 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹89.73 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹32.44 Lakh | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Balaji Sourcings Private Limited, buy the company report.
Board of directors of Balaji Sourcings Private Limited
Balaji Sourcings has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Mangilal Shah Also directs: Indira Consultancy LLP, Oc Specialities Private Limited, Oc Specialities Chemicals Private Limited and 1 more | Whole-Time Director | 20 Apr 2006 | 20 Years 6 Months | Current |
| Virendra Bherumal Mehta | Director | 01 Sep 2010 | 16 Years 2 Months | Current |
| Pushpak Mangilal Shah Also directs: Indira Consultancy LLP, Oc Specialities Private Limited, Oc Specialities Chemicals Private Limited and 1 more | Director | 20 Nov 2014 | 11 Years 11 Months | Current |
Auditor
Balaji Sourcings Private Limited is audited by AHERKAR & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AHERKAR & CO | FY 2019 | 100170W |
Shareholding
The shareholding of Balaji Sourcings Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Balaji Sourcings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2016 | 100034319 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 23 May 2013 | 10434951 | Bank of Baroda Mid - Corporate Branch Pune | ₹15 Cr | Satisfied | |
| 09 Apr 2013 | 10426406 | State Bank of India | ₹10.5 Cr | Satisfied | |
| 09 Aug 2012 | 10375449 | Samarth Sahakari Bank Limited Solapur | ₹10 Lakh | Satisfied | |
| 12 Sep 2008 | 10122190 | Axis Bank Limited | ₹17.5 Cr | Satisfied |
To see the full charge records of Balaji Sourcings Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Balaji Sourcings Private Limited has 1 court case on record: 1 filed by Balaji Sourcings. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solapur, Maharashtra | Civil suit | Filed by the company against Kopalle Pharma Chemicals Pvt Ltd Etc 5 and 4 others | Disposed |
To see the full case history of Balaji Sourcings 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 Balaji Sourcings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Balaji Sourcings Private Limited has a workforce of 3 employees on its EPFO records as of Mar 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 3 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Balaji Sourcings Private Limited, buy the company report.
GST
Balaji Sourcings has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCB8454E1ZV | Gujarat | Active | 01 Jul 2017 |
| 27AACCB8454E1ZP | Maharashtra | Active | 01 Jul 2017 |
| 36AACCB8454E1ZQ | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Balaji Sourcings Private Limited, buy the company report.
Recent activity
Balaji Sourcings Private Limited has 12 board changes on record since 2006: 3 appointments and 9 cessations. The latest: Ram Reddy Dundurapu ceased to be Director on 17 Sep 2019.
18 earlier events are in the company report.
Frequently asked questions
Balaji Sourcings is an active private limited company based in Solapur, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 20 April 2006 (20+ years old) and is registered under CIN U51434PN2006PTC128357.
Balaji Sourcings has 3 current directors:
- Vikas Mangilal Shah - Whole-Time Director
- Virendra Bherumal Mehta - Director
- Pushpak Mangilal Shah - Director
The latest financial statements of Balaji Sourcings on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Balaji Sourcings is 24AACCB8454E1ZV, registered in Gujarat. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 27AACCB8454E1ZP (Maharashtra), 36AACCB8454E1ZQ (Telangana).
The CIN (Corporate Identification Number) of Balaji Sourcings is U51434PN2006PTC128357. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Sourcings has 1 court case on record: 1 filed by the company.
Balaji Sourcings was incorporated on 20 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Pune.
Ram Reddy Dundurapu ceased to be Director on 17 Sep 2019. Tanmai Reddy Srujan Reddy Gaddam ceased to be Director on 17 Sep 2019. Pushpak Mangilal Shah ceased to be Additional Director on 30 Sep 2015. Balaji Sourcings has 12 board changes on record in total.
Balaji Sourcings can be reached through the website balajisourcings.com. Its registered office is in Solapur, Maharashtra, India.
The registered office of Balaji Sourcings is at Balajitowers 4 Thfloor No.91A1 Hotgiroad Aasarachowk, Solapur, Maharashtra, India – 413224.
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