About Bulk Systems International Private Limited
Data last updated:
Bulk Systems International Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Systems Manufacturing Private Limited. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 12 November 1987.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1987PTC008724.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹30 Lakh. It was formerly known as Bulk Systems International Limited. It was led by directors Taara Chandani and Anand Chandani.
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 was at 1A Peenya Ind.Area II Phase Bangalore., Karnataka, India – 560058.
As per the financials filed for FY 2020, the company reported a revenue of ₹16.56 Lakh, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹10.69 Lakh (net margin 64.6%) and EBITDA of -₹1.63 Lakh (EBITDA margin -9.9%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 12% over five years.
As per MCA filings, the company had satisfied charges of ₹5.87 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 7 filed against it; 1 case is pending.
The last known website on record is systemsgroup.in.
Company details
CIN history
Bulk Systems International has one previous CIN (Corporate Identification Number): U29150KA1987PLC008724. The current CIN is U85110KA1987PTC008724, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1987PTC008724 | Current |
| U29150KA1987PLC008724 | Previous |
Contact details
Bulk Systems International Private Limited's registered office is in Bangalore, Karnataka. Its website is systemsgroup.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address1A Peenya Ind.Area II Phase Bangalore., Karnataka, India – 560058
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Bulk Systems International 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 Bulk Systems International Private Limited
FY 2023 filings availableBulk Systems International Private Limited reported revenue of ₹16.56 Lakh (down 5% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹16.56 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.63 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.69 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.9% | ||||
| Net Profit Margin | 64.6% | ||||
| 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 Bulk Systems International Private Limited, buy the company report.
Board of directors of Bulk Systems International Private Limited
Bulk Systems International has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Taara Chandani | Director | 15 Sep 2020 | 6 Years 1 Months | As last reported |
| Anand Chandani | Director | 26 May 2020 | 6 Years 5 Months | As last reported |
Auditor
Bulk Systems International Private Limited is audited by FORD RHODES PARKS & CO LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| FORD RHODES PARKS & CO LLP | FY 2019 | 102860W |
Shareholding
The shareholding of Bulk Systems International Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Bulk Systems International Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Apr 1991 | 90190778 | Vijaya Bank | ₹40 Lakh | Satisfied | |
| 07 Nov 1990 | 90190685 | Vijaya Bank | ₹1.06 Cr | Satisfied | |
| 07 Nov 1990 | 90193566 | Vijaya Bank | ₹1.06 Cr | Satisfied | |
| 18 Jul 1990 | 90190645 | Vijaya Bank | ₹75 Lakh | Satisfied | |
| 12 Sep 1989 | 90193485 | Vijaya Bank | ₹25 Lakh | Satisfied |
To see the full charge records of Bulk Systems International Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Bulk Systems International Private Limited has 9 court cases on record: 2 filed by Bulk Systems International, 7 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 7 | 1 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (COP) | Filed against the company by Crompton Greaves Ltd. | Disposed |
| High Court, TELANGANA | Court case (CCCA) | Filed by the company against individuals | Pending |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Andhra Pradesh State Electricity Board | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed against the company by Andhra Pradesh State Electricity Board | Disposed |
To see the full case history of Bulk Systems International 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 Bulk Systems International Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bulk Systems International has 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Bulk Systems International Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Bulk Systems International Private Limited has 9 board changes on record since 2014: 2 appointments and 7 cessations. The latest: Anand Chandani ceased to be Additional Director on 19 Dec 2020.
24 earlier events are in the company report.
Frequently asked questions
Bulk Systems International has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Bulk Systems International was a private limited company based in Bangalore, Karnataka, India. The company worked in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 12 November 1987 and is registered under CIN U85110KA1987PTC008724. The company has been struck off by the Registrar of Companies and is no longer operational.
Bulk Systems International had 2 directors:
- Taara Chandani - Director
- Anand Chandani - Director
The CIN (Corporate Identification Number) of Bulk Systems International is U85110KA1987PTC008724. 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 Bulk Systems International is at 1A Peenya Ind.Area II Phase Bangalore., Karnataka, India – 560058.
Bulk Systems International was incorporated on 12 November 1987. It is registered with the Registrar of Companies, Bangalore.
Bulk Systems International can be reached through the website systemsgroup.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Bulk Systems International 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.
Bulk Systems International operated in the machinery and equipment industry, in the material handling and storage equipment segment. It worked in this industry before it was struck off.
Bulk Systems International has 9 court cases on record: 2 filed by the company and 7 filed against it. 1 is pending. Most are in the high courts.