Bansal Refineries Private Limited
About Bansal Refineries Private Limited
Data last updated:
Bansal Refineries Private Limited is a private limited company based in Kolkata, West Bengal, 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 edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 15 April 1999.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U15143WB1999PTC089211. Its GSTIN is 19AABCB8661J1ZB (West Bengal).
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹90.55 Lakh. It is led by directors including Soni Agarwal and Munni Devi Agarwal.
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 113 Park Street North Block7Th Floor, Kolkata, West Bengal, India – 700007.
As per the financials filed for FY 2016, the company reported a revenue of ₹44.49 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹4.52 Cr and EBITDA of -₹12.33 Lakh (EBITDA margin -27.7%).
As per MCA filings, the company has open charges of ₹93.16 Cr and satisfied charges of ₹6.3 Cr on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 1 case is pending.
Company details
Contact details
Bansal Refineries Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address113 Park Street North Block7Th Floor, Kolkata, West Bengal, India – 700007
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Bansal Refineries 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 Bansal Refineries is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Bansal Refineries Private Limited, buy the company report.
Financials of Bansal Refineries Private Limited
FY 2016 filings availableBansal Refineries Private Limited reported revenue of ₹44.49 Lakh (down 91% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 91% in the latest year. EBITDA rose 86% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹44.49 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹12.33 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4.52 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -27.7% | |
| 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 Bansal Refineries Private Limited, buy the company report.
Board of directors of Bansal Refineries Private Limited
Bansal Refineries has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Soni Agarwal Also directs: Bansal Agro Oil Private Limited, Amicus Oil & Chemicals Pvt Ltd, Tridev Dealer Pvt.Ltd. and 2 more | Director | 08 Oct 2016 | 10 Years 1 Months | As last reported |
| Munni Devi Agarwal Also directs: Bansal Agro Oil Private Limited, Amicus Oil & Chemicals Pvt Ltd, Tridev Dealer Pvt.Ltd. and 1 more | Director | 15 Apr 1999 | 27 Years 6 Months | As last reported |
| Raj Kumar Agarwala Also directs: Bansal Agro Oil Private Limited, Dynamic Adhesive & Rubber Products Pvt Ltd, Amicus Oil & Chemicals Pvt Ltd and 3 more | Director | 15 Apr 1999 | 27 Years 6 Months | As last reported |
Auditor
Bansal Refineries Private Limited is audited by TULSYAN GUPTA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TULSYAN GUPTA & ASSOCIATES | FY 2016 | 327860E |
Shareholding
The shareholding of Bansal Refineries Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Bansal Refineries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2013 | 10454257 | Corporation Bank | ₹9.86 Cr | Open | |
| 14 Aug 2012 | 10378654 | Corporation Bank | ₹39.65 Cr | Open | |
| 30 Jul 2012 | 10377396 | Corporation Bank | ₹12.16 Cr | Open | |
| 28 Oct 2004 | 90247422 | Corporation Bank Ltd | ₹15.64 Cr | Open | |
| 28 Oct 2004 | 80023507 | Corporation Bank Ltd | ₹5 Cr | Open |
To see the full charge records of Bansal Refineries Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Bansal Refineries Private Limited has 7 court cases on record: 3 filed by Bansal Refineries, 4 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
| High courts | 3 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Shivam Edible Pvt. Ltd. | Pending |
| District court, Purba Bardhaman, West Bengal | Appeal | Filed against the company by an individual | Disposed |
| District court, Purba Bardhaman, West Bengal | Civil suit | Filed against the company by an individual | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed against the company by Corporation Bank | Disposed |
| High Court | Court case (APOT) | Filed against the company by W. B. Financial Corporation. | Disposed |
To see the full case history of Bansal Refineries 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 Bansal Refineries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bansal Refineries has 2 associated companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
GST
Bansal Refineries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCB8661J1ZB | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bansal Refineries Private Limited, buy the company report.
Recent activity
Bansal Refineries Private Limited has 6 board changes on record since 1999: 3 appointments and 3 cessations. The latest: Niranjan Lal Agarwal ceased to be Director on 18 Nov 2021.
13 earlier events are in the company report.
Frequently asked questions
Bansal Refineries 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.
Bansal Refineries is a company under liquidation, formerly operating as a private limited company based in Kolkata, West Bengal, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 15 April 1999 and is registered under CIN U15143WB1999PTC089211. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Bansal Refineries has 3 current directors:
- Soni Agarwal - Director
- Munni Devi Agarwal - Director
- Raj Kumar Agarwala - Director
The latest financial statements of Bansal Refineries on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Bansal Refineries is U15143WB1999PTC089211. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bansal Refineries has open charges of ₹93.16 Cr and satisfied charges of ₹6.3 Cr as per latest MCA filings.
Bansal Refineries has 7 court cases on record: 3 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Bansal Refineries was incorporated on 15 April 1999. It is registered with the Registrar of Companies, Kolkata.
Niranjan Lal Agarwal ceased to be Director on 18 Nov 2021. Soni Agarwal was appointed as Director on 08 Oct 2016. Jay Agarwal ceased to be Director on 25 May 2010. Bansal Refineries has 6 board changes on record in total.
The registered office of Bansal Refineries is at 113 Park Street North Block7Th Floor, Kolkata, West Bengal, India – 700007.
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