Balak Autos Private Limited
About Balak Autos Private Limited
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Balak Autos 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 06 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U50100PB2004PTC027100. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹67 Lakh. It is led by directors including 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 G.T. Road Near Old Octroi, Ludhiana, Punjab, India – 141001.
As per MCA filings, the company has open charges of ₹9.5 Cr and satisfied charges of ₹21.17 Cr on record. Court records list 10 cases involving the company, including 4 filed by the company and 7 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Balak Autos 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 G.T. Road Near Old Octroi, Ludhiana, Punjab, India – 141001
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Balak Autos 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 Autos Private Limited
FY 2016 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Balak Autos Private Limited, buy the company report.
Board of directors of Balak Autos Private Limited
Balak Autos has 3 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 Automotives Private Limited | Director | 06 May 2004 | 22 Years 5 Months | Current |
| Sangeeta Rani Garg | Director | 06 May 2004 | 22 Years 5 Months | Current |
| Deepak Sahni | Director | 29 Mar 2011 | 15 Years 6 Months | Current |
Auditor
Balak Autos 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 Autos Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Balak Autos Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2011 | 10279819 | Bank of India | ₹9.5 Cr | Open | |
| 30 Nov 2009 | 10191050 | Industrial Development Bank of India | ₹9.92 Cr | Satisfied | |
| 30 Oct 2004 | 90175628 | Kotak Mahindra Primus Limited | ₹1 Cr | Satisfied | |
| 30 Oct 2004 | 90312141 | Kotak Mahindra Primus Ltd; | ₹1 Cr | Satisfied | |
| 10 Sep 2004 | 90174403 | Punjab National Bank | ₹3.75 Cr | Satisfied |
To see the full charge records of Balak Autos Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Balak Autos Private Limited has 10 court cases on record: 4 filed by Balak Autos, 7 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 1 |
| High courts | 4 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| 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, Ludhiana, Punjab | Civil suit | Filed against the company by M/S Gitansh Motors Pvt Ltd | Disposed |
| District court, Mohali, Punjab | Court case (CHI) | Filed against the company by an individual | Pending |
| District court, SAS Nagar, Punjab | Criminal miscellaneous application | Filed against the company | Disposed |
To see the full case history of Balak Autos 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 Autos Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balak Autos 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 Balak Autos Private Limited, buy the company report.
Recent activity
Balak Autos Private Limited has 4 board changes on record since 2004: 3 appointments and 1 cessation. The latest: Deepak Sahni was appointed as Director on 29 Mar 2011.
12 earlier events are in the company report.
Frequently asked questions
Balak Autos 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 06 May 2004 (22+ years old) and is registered under CIN U50100PB2004PTC027100.
Balak Autos has 3 current directors:
- Bhagwan Dass Garg - Director
- Sangeeta Rani Garg - Director
- Deepak Sahni - Director
The latest financial statements of Balak Autos 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 Autos has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Balak Autos is U50100PB2004PTC027100. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balak Autos has 10 court cases on record: 4 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Balak Autos was incorporated on 06 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chandigarh.
Deepak Sahni was appointed as Director on 29 Mar 2011. Surinder Kumar ceased to be Director on 24 Aug 2009. Bhagwan Dass Garg was appointed as Director on 06 May 2004. Balak Autos has 4 board changes on record in total.
The registered office of Balak Autos is at Sidh Complex G.T. Road Near Old Octroi, Ludhiana, Punjab, India – 141001.
Balak Autos operates in the automotive industry, in the auto dealership and trading segment.