About Benaka Sponge Iron Private Limited
Data last updated:
Benaka Sponge Iron Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Bhuwalka Steel Industries Limited. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 13 October 2003.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U27102KA2003PTC032717.
The company had an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹5 Cr. It was led by directors Ajay Kumar Bhuwalka (Managing Director) and Ankit Bhuwalka.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 10th Mile Old Madras Road Bandapura Village, Bangalore, Karnataka, India – 560049.
The company had about 51 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹37.73 Cr and satisfied charges of ₹21.2 Cr on record. Court records list 62 cases involving the company, including 6 filed by the company and 56 filed against it; 7 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in February 2008.
The last known website on record is benakasteel.in.
Company details
Contact details
Benaka Sponge Iron Private Limited's registered office is in Bangalore, Karnataka. Its website is benakasteel.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address10th Mile Old Madras Road Bandapura Village, Bangalore, Karnataka, India – 560049
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Benaka Sponge Iron 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 Benaka Sponge Iron 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 Benaka Sponge Iron Private Limited, buy the company report.
Financials of Benaka Sponge Iron Private Limited
FY 2017 filings availableBenaka Sponge Iron Private Limited reported revenue of ₹231 (down 100% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 99% over three years. 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 2016-17 | FY 2015-16 | FY 2014-15 |
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| Total Revenue | ₹231 | ||
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Financial Ratios
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To see the full financial statements and ratios of Benaka Sponge Iron Private Limited, buy the company report.
Board of directors of Benaka Sponge Iron Private Limited
Benaka Sponge Iron has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Bhuwalka | Director | 09 Apr 2012 | 14 Years 6 Months | As last reported |
| Ajay Kumar Bhuwalka | Managing Director | 01 Feb 2007 | 19 Years 8 Months | As last reported |
Auditor
Benaka Sponge Iron Private Limited is audited by MISHRA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MISHRA & CO | FY 2017 | 012355S |
Shareholding
The shareholding of Benaka Sponge Iron Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Benaka Sponge Iron Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2010 | 10216437 | Idbi Bank Limited | ₹33.73 Cr | Open | |
| 28 Dec 2004 | 90192934 | Syndicate Bank | ₹4 Cr | Open | |
| 10 Nov 2005 | 80049854 | State Bank of Mysore | ₹14.2 Cr | Satisfied | |
| 13 Aug 2004 | 90195795 | Syndicate Bank | ₹1 Cr | Satisfied | |
| 16 Feb 2004 | 90192804 | Syndicate Bank | ₹6 Cr | Satisfied |
To see the full charge records of Benaka Sponge Iron Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Benaka Sponge Iron Private Limited has 1 deal on record (1 acquisition); the latest was in February 2008.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2008 | Acquisition | ₹9.98 Cr | Buyer: Bhuwalka Steel Industries Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Benaka Sponge Iron Private Limited has 62 court cases on record: 6 filed by Benaka Sponge Iron, 56 filed against it. 7 cases are pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 41 | 37 | 7 |
| High courts | 21 | 19 | 0 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BALLARI, Karnataka | Criminal complaint | Filed against the company by Ms Agarwal Coal Corpn Pvt.Ltd. | Pending |
| High Court, KARNATAKA | Court case (CRL.P) | Filed against the company by Agarwal Coal Corporation Pvt. Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M S A Sonic Express Logistics India Private Limited | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by M/S Virtuous Urja Ltd | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by M/S. Agarwal Coal Corporation Pvt Ltd | Disposed |
To see the full case history of Benaka Sponge Iron 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 Benaka Sponge Iron Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Benaka Sponge Iron Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Benaka Sponge Iron Private Limited has 7 board changes on record since 2007: 2 appointments and 5 cessations. The latest: Suresh Kumar Bhuwalka ceased to be Director on 16 May 2017.
9 earlier events are in the company report.
Frequently asked questions
Benaka Sponge Iron has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Benaka Sponge Iron was a private limited company based in Bangalore, Karnataka, India. The company worked in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 13 October 2003 and is registered under CIN U27102KA2003PTC032717. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Benaka Sponge Iron was incorporated on 13 October 2003. It is registered with the Registrar of Companies, Bangalore.
Benaka Sponge Iron had 2 directors:
- Ajay Kumar Bhuwalka - Managing Director
- Ankit Bhuwalka - Director
The CIN (Corporate Identification Number) of Benaka Sponge Iron is U27102KA2003PTC032717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Benaka Sponge Iron is at 10th Mile Old Madras Road Bandapura Village, Bangalore, Karnataka, India – 560049.
Benaka Sponge Iron can be reached through the website benakasteel.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Benaka Sponge Iron on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
Benaka Sponge Iron operated in the metals and minerals industry, in the steel manufacturing and processing segment.
Benaka Sponge Iron has 1 deal on record (1 acquisition); the latest was in February 2008.