Bassi Steels Private Limited
About Bassi Steels Private Limited
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Bassi Steels Private Limited is a private limited company based in Punjab, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 14 June 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U45202PB1990PTC010470. Its GSTIN is 03AABCB2610D1ZO (Punjab).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹10 Lakh. It was formerly known as Bassi Steels Limited. It is led by directors including Rattan Lal Goyal and Gurmukh Dass.
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 Vill Gholumajrateh Dera Bassi Distt Patiala, Punjab, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹15.71 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹31.56 Lakh (net margin -2%) and EBITDA of -₹35.96 Lakh (EBITDA margin -2.3%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 9% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3 Lakh and satisfied charges of ₹9.9 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Bassi Steels has undergone 2 name changes throughout its history. The company was previously known as Bassi Steels Limited, and Bassi Steels Private Limited. The current legal name is Bassi Steels Private Limited.
| Company Name | Status |
|---|---|
| Bassi Steels Private Limited | Current |
| Bassi Steels Limited | Previous |
CIN history
Bassi Steels has one previous CIN (Corporate Identification Number): U45202PB1990PLC010470. The current CIN is U45202PB1990PTC010470, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45202PB1990PTC010470 | Current |
| U45202PB1990PLC010470 | Previous |
Contact details
Bassi Steels Private Limited's registered office is in Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVill Gholumajrateh Dera Bassi Distt Patiala, Punjab, India
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Bassi 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 Bassi 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 Bassi Steels Private Limited, buy the company report.
Financials of Bassi Steels Private Limited
FY 2023 filings availableBassi Steels Private Limited reported revenue of ₹15.71 Cr (down 45% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 45% fall in the latest year. EBITDA fell 121% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹15.71 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹35.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹31.56 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.3% | ||||
| Net Profit Margin | -2% | ||||
| 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 Bassi Steels Private Limited, buy the company report.
Board of directors of Bassi Steels Private Limited
Bassi Steels has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rattan Lal Goyal | Director | 22 Oct 1990 | 36 Years 0 Months | Current |
| Gurmukh Dass Also directs: Vatika Spinning Limited, Madhav Ventures Private Limited | Director | 14 Jun 2022 | 4 Years 4 Months | Current |
| Natwar Goyal Also directs: Madhav Ventures Private Limited, Madhav Agroproducts Private Limited, Surya Cables Pvt Ltd and 4 more | Director | 31 Dec 2016 | 9 Years 10 Months | Current |
Peer comparison
Bassi Steels Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S.E.W. Commercial Company Private Limited | ₹15.78 Cr (FY 2025) | -11.0% | Sihor, Gujarat, India | |||
| Rimmy Steels Private Limited | ₹15.74 Cr (FY 2025) | 7.0% | Birgaon, Chhattisgarh, India | |||
| Bassi Steels Private Limitedthis company | ₹15.71 Cr (FY 2023) | -₹31.56 Lakh | -2% | -45.0% | 4 | Punjab, India |
| Bhupesh Steel Private Limited | ₹15.71 Cr (FY 2020) | -27.0% | Delhi, India | |||
| Kaypee Metals and Alloys Pvt Ltd | ₹15.69 Cr (FY 2019) | -29.0% | Kollam, Kerala, India |
To see the full peer comparison of Bassi Steels Private Limited, buy the company report.
Auditor
Bassi Steels Private Limited is audited by A GOEL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A GOEL & ASSOCIATES | FY 2023 | 002743N |
Shareholding
The shareholding of Bassi Steels Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bassi Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Sep 1993 | 90181850 | Punjab National Bank | ₹3 Lakh | Open | |
| 29 Jan 2008 | 10091349 | Punjab & Sind Bank | ₹7 Cr | Satisfied | |
| 30 Dec 2003 | 90183173 | O.B.C. | ₹40 Lakh | Satisfied | |
| 24 Mar 1999 | 90182540 | Oriental Bank of Commerce | ₹2.5 Cr | Satisfied |
To see the full charge records of Bassi Steels Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Bassi Steels Private Limited has 4 court cases on record: 2 filed by Bassi Steels, 2 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 1 |
| NCLT | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Chandigarh | Court case (COMP.APPL) | Filed against the company by an individual | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against an individual | Pending |
| High Court, PUNJAB | Tax appeal | Filed against the company by The PR. Commissioner of Central Goods and Service Tax, Ludhiana | Disposed |
| High Court, PUNJAB | Writ petition | Filed by the company against Punjab State Power Corp Ltd & Ors | Disposed |
To see the full case history of Bassi Steels 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 Bassi Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bassi Steels Private Limited has a workforce of 4 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Bassi Steels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCB2610D1ZO | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bassi Steels Private Limited, buy the company report.
Recent activity
Bassi Steels Private Limited has 10 board changes on record since 1990: 3 appointments and 7 cessations. The latest: Gurmukh Dass ceased to be Additional Director on 30 Sep 2022.
9 earlier events are in the company report.
Frequently asked questions
Bassi Steels is an active private limited company based in Punjab, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 14 June 1990 (36+ years old) and is registered under CIN U45202PB1990PTC010470.
Bassi Steels has 3 current directors:
- Rattan Lal Goyal - Director
- Gurmukh Dass - Director
- Natwar Goyal - Director
The latest financial statements of Bassi 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 Bassi Steels is 03AABCB2610D1ZO, registered in Punjab.
The CIN (Corporate Identification Number) of Bassi Steels is U45202PB1990PTC010470. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bassi Steels has 4 court cases on record: 2 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Bassi Steels was incorporated on 14 June 1990, making it 36+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Bassi Steels by revenue are S.E.W. Commercial Company Private Limited, Rimmy Steels Private Limited, Bhupesh Steel Private Limited, Kaypee Metals and Alloys Pvt Ltd, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Gurmukh Dass ceased to be Additional Director on 30 Sep 2022. Surendra Prasad Gupta ceased to be Whole-Time Director on 14 Jul 2022. Gurmukh Dass was appointed as Director on 14 Jun 2022. Bassi Steels has 10 board changes on record in total.
The registered office of Bassi Steels is at Vill Gholumajrateh Dera Bassi Distt Patiala, Punjab, India.
Bassi Steels operates in the metals and minerals industry, in the steel manufacturing and processing segment.
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