Balak Automotives Private Limited
About Balak Automotives Private Limited
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Balak Automotives Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 15 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U50101PB2007PTC030898. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹71 Lakh. It is led by directors Bhagwan Dass Garg and Sangeeta Rani Garg.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Sidh Complex Village Jugiana G. T. Road, Ludhiana, Punjab, India – 141020.
As per MCA filings, the company has open charges of ₹18.1 Cr and satisfied charges of ₹29.72 Cr on record. Court records list 13 cases involving the company, including 7 filed by the company and 7 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Balak Automotives Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSidh Complex Village Jugiana G. T. Road, Ludhiana, Punjab, India – 141020
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Balak Automotives 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 Balak Automotives Private Limited
FY 2016 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Balak Automotives Private Limited, buy the company report.
Board of directors of Balak Automotives Private Limited
Balak Automotives 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 |
|---|---|---|---|---|
| Bhagwan Dass Garg Also directs: Balak Autos Private Limited | Director | 15 Feb 2007 | 19 Years 8 Months | Current |
| Sangeeta Rani Garg | Director | 15 Feb 2007 | 19 Years 8 Months | Current |
Auditor
Balak Automotives Private Limited is audited by Romesh K. Aggarwal & Associates for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Romesh K. Aggarwal & Associates | FY 2016 | 000711N |
Shareholding
The shareholding of Balak Automotives Private Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Balak Automotives Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2011 | 10279901 | Bank of India | ₹18.1 Cr | Open | |
| 16 Dec 2009 | 10200142 | Indusind Bank Limited | ₹2 Cr | Satisfied | |
| 30 Nov 2009 | 10191036 | Industrial Development Bank of India | ₹17.22 Cr | Satisfied | |
| 11 Apr 2007 | 10049359 | Punjab National Bank | ₹50 Lakh | Satisfied | |
| 11 Apr 2007 | 10049360 | Punjab National Bank | ₹10 Cr | Satisfied |
To see the full charge records of Balak Automotives Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Balak Automotives Private Limited has 13 court cases on record: 7 filed by Balak Automotives, 7 filed against it. 3 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 3 | 2 |
| District courts | 6 | 4 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed against the company by M/S Balak Automotives Private Ltd and Others and 4 others | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against Balak Automotives Private Ltd and 3 others | Pending |
| District court, Mohali, Punjab | Court case (CHI) | Filed against the company by an individual | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against Bank of India and Another and 1 other | Pending |
| District court, SAS Nagar, Punjab | Criminal miscellaneous application | Filed against the company | Disposed |
To see the full case history of Balak Automotives 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 Balak Automotives Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balak Automotives has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Balak Automotives Private Limited, buy the company report.
Recent activity
Balak Automotives Private Limited has 3 board changes on record since 2007: 2 appointments and 1 cessation. The latest: Surinder Kumar ceased to be Additional Director on 24 Aug 2009.
3 earlier events are in the company report.
Frequently asked questions
Balak Automotives is an active private limited company based in Ludhiana, Punjab, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 15 February 2007 (19+ years old) and is registered under CIN U50101PB2007PTC030898.
Balak Automotives has 2 current directors:
- Bhagwan Dass Garg - Director
- Sangeeta Rani Garg - Director
The latest financial statements of Balak Automotives on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Balak Automotives has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Balak Automotives is U50101PB2007PTC030898. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balak Automotives has 13 court cases on record: 7 filed by the company and 7 filed against it. 3 are pending. Most are in the high courts.
Balak Automotives was incorporated on 15 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chandigarh.
Surinder Kumar ceased to be Additional Director on 24 Aug 2009. Bhagwan Dass Garg was appointed as Director on 15 Feb 2007. Sangeeta Rani Garg was appointed as Director on 15 Feb 2007.
The registered office of Balak Automotives is at Sidh Complex Village Jugiana G. T. Road, Ludhiana, Punjab, India – 141020.
Balak Automotives operates in the automotive industry, in the auto dealership and trading segment.