About Bhatia Global Trading Limited
Data last updated:
Bhatia Global Trading Limited is a public limited company based in Indore, Madhya Pradesh, 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 materials retail and distribution segment of the metals and mining sector. It was incorporated on 28 August 1991.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U60200MP1991PLC006626. Its GSTIN is 23AAACB6751C1Z7 (Madhya Pradesh). The company holds 8 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹46.3 Cr and a paid-up capital of ₹45.97 Cr. It was formerly known as Bhatia Global Trading Private Limited. It is led by directors including Surinder Singh Bhatia (Managing Director) and Lalkrishna Shivratan Thanvi.
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 Bcc House 8/5 Manoramaganj Navratan Bagh Main Road, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2017, the company reported a revenue of ₹448.16 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹308.94 Cr (net margin -68.9%) and EBITDA of -₹231.2 Cr (EBITDA margin -51.6%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,480.66 Cr and satisfied charges of ₹320.73 Cr on record. Court records list 83 cases involving the company, including 68 filed by the company and 15 filed against it; 5 cases are pending.
The last known website on record is bhatiacoalindia.com.
Company details
CIN history
Bhatia Global Trading has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U60200MP1991PLC006626, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U60200MP1991PLC006626 | Current |
| U45201MP1991PTC006626 | Previous |
| U45201MP1991PLC006626 | Previous |
Contact details
Bhatia Global Trading Limited's registered office is in Indore, Madhya Pradesh. Its website is bhatiacoalindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBcc House 8/5 Manoramaganj Navratan Bagh Main Road, Indore, Madhya Pradesh, India – 452001
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Bhatia Global Trading 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 Bhatia Global Trading is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Bhatia Global Trading Limited, buy the company report.
Financials of Bhatia Global Trading Limited
FY 2016 filings availableBhatia Global Trading Limited reported revenue of ₹448.16 Cr (down 44% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 41% over three years, including a 44% fall in the latest year. EBITDA fell 4% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹448.16 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹231.2 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹308.94 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -51.6% | ||
| Net Profit Margin | -68.9% | ||
| 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 Bhatia Global Trading Limited, buy the company report.
Board of directors and KMP of Bhatia Global Trading Limited
Bhatia Global Trading Limited currently reports 3 directors and 2 key managerial personnel. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kumar Gupta | Ceo | 27 Dec 2016 | 9 Years 10 Months | As last reported |
| Lalkrishna Shivratan Thanvi | Director | 25 Mar 2010 | 16 Years 7 Months | As last reported |
| Surinder Singh Bhatia Also directs: Pontus Promark Solution LLP, Bhatia Sons (India) Limited, Bhatia Osl Washeries & Minerals Limited and 5 more | Managing Director | 30 Jun 2011 | 15 Years 4 Months | As last reported |
| Suresh Kumar Gupta | Cfo | 30 Mar 2015 | 11 Years 7 Months | As last reported |
| Purva Lasurkar | Director | 03 Dec 2014 | 11 Years 11 Months | As last reported |
Auditor
Bhatia Global Trading Limited is audited by A SINGHAI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A SINGHAI & CO | FY 2017 | 013744C |
Shareholding
The shareholding of Bhatia Global Trading 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 Bhatia Global Trading Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2014 | 10545601 | Union Bank of India | ₹181.66 Cr | Open | |
| 17 Mar 2011 | 10274694 | Sbicap Trustee Company Limited | ₹1,299 Cr | Open | |
| 18 Mar 2011 | 10281963 | Hdfc Bank Limited | ₹17 Lakh | Satisfied | |
| 17 Mar 2011 | 10277120 | Sbicap Trustee Company Limited | ₹56 Lakh | Satisfied | |
| 14 Feb 2011 | 10266333 | Icici Bank Limited | ₹180 Cr | Satisfied |
To see the full charge records of Bhatia Global Trading Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Bhatia Global Trading Limited has 83 court cases on record: 68 filed by Bhatia Global Trading, 15 filed against it. 5 cases are pending and 78 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 37 | 1 | 2 |
| High courts | 36 | 13 | 3 |
| NCLT | 6 | 1 | 0 |
| Supreme Court | 4 | 0 | 0 |
Cases on record (5 of 83)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHS) | Filed against the company by Asian Natural Resources (India) Ltd. (Bhatia International Ltd.)(Org. Claimant/Awd. Debtor) and 1 other | Pending |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Asian Natural Resources (India) Ltd. Trhough Authorised Representative Trhough Authorised Representative 102, Sundaram Complex, 3 Gurmeet Nagar, Indore, Madhya Pradesh Andndash; 452001 ,Indore , Madhya Pradesh and 5 others | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Asian Natural Resources India Ltd and 1 other | Disposed |
| Bombay High Court | Court case (APP) | Filed against the company by Asian Natural Resources (India) Ltd. (Bhatia International Ltd.)(Org. Claimant/Awd. Debtor) and 1 other | Disposed |
| Bombay High Court | Court case (CHS) | Filed against the company by Asian Natural Resources (India) Ltd. (Bhatia International Ltd.)(Org. Claimant/Awd. Debtor) and 1 other | Disposed |
To see the full case history of Bhatia Global Trading 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.
Credit ratings & regulatory alerts
Bhatia Global Trading Limited was last rated by Icra on 16 Nov 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 16 Nov 2015 |
To see the full credit ratings and regulatory alerts of Bhatia Global Trading Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bhatia Global Trading Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bhatia Global Trading has 2 joint ventures and 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
Employees & EPFO
Bhatia Global Trading Limited has a workforce of 1 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
GST
Bhatia Global Trading has 8 GST registrations: 3 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACB6751C1Z7 | Madhya Pradesh | Active | 01 Jul 2017 |
| 27AAACB6751C1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 33AAACB6751C1Z6 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhatia Global Trading Limited, buy the company report.
Recent activity
Bhatia Global Trading Limited has 13 board changes on record since 2009: 5 appointments and 8 cessations. The latest: Purva Lasurkar ceased to be Director on 31 May 2017.
17 earlier events are in the company report.
Frequently asked questions
Bhatia Global Trading 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.
Bhatia Global Trading is a company under liquidation, formerly operating as a public limited company based in Indore, Madhya Pradesh, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 28 August 1991 and is registered under CIN U60200MP1991PLC006626. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Bhatia Global Trading has 5 current directors and KMP:
- Surinder Singh Bhatia - Managing Director
- Lalkrishna Shivratan Thanvi - Director
- Purva Lasurkar - Director
- Vijay Kumar Gupta - Ceo
- Suresh Kumar Gupta - Cfo
The latest financial statements of Bhatia Global Trading 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.
The CIN (Corporate Identification Number) of Bhatia Global Trading is U60200MP1991PLC006626. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhatia Global Trading has open charges of ₹1,480.66 Cr and satisfied charges of ₹320.73 Cr as per latest MCA filings.
Bhatia Global Trading has 83 court cases on record: 68 filed by the company and 15 filed against it. 5 are pending. Most are in the district courts.
Bhatia Global Trading was incorporated on 28 August 1991. It is registered with the Registrar of Companies, Gwalior.
Purva Lasurkar ceased to be Director on 31 May 2017. Vijay Kumar Gupta was appointed as CEO on 27 Dec 2016. Chitranjan Singh Kahlon ceased to be Director on 14 Jul 2016. Bhatia Global Trading has 13 board changes on record in total.
Bhatia Global Trading can be reached through the website bhatiacoalindia.com. Its registered office is in Indore, Madhya Pradesh, India.
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