About Bunt Solar India Private Limited
Data last updated:
Bunt Solar India Private Limited was a private limited company based in Bangalore, Karnataka, India. 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 electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 12 June 2013.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U51109KA2013PTC069667. Its GSTIN is 32AAFCB5170L1ZP (Kerala). The company held 4 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.9 Cr. It was led by directors Chandrashekhar Shetty (Managing Director) and Beloor Hiriyanna Nischith Shetty.
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 was at No.23 24 Mm Complex Papareddy Palya 2nd Stage Nagarabhavi, Bangalore, Karnataka, India – 560072.
As per the financials filed for FY 2016, the company reported a revenue of ₹34.72 Cr, a growth of 79% compared to the previous year. For the same year it recorded a net profit of ₹54.13 Lakh (net margin 1.6%) and EBITDA of ₹1.67 Cr (EBITDA margin 4.8%).
As per MCA filings, the company had open charges of ₹6 Cr and satisfied charges of ₹4 Cr on record. Court records list 84 cases involving the company, including 8 filed by the company and 76 filed against it; 7 cases are pending.
The last known website on record is buntsolar.com.
Company details
Contact details
Bunt Solar India Private Limited's registered office is in Bangalore, Karnataka. Its website is buntsolar.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo.23 24 Mm Complex Papareddy Palya 2nd Stage Nagarabhavi, Bangalore, Karnataka, India – 560072
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Bunt Solar India 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 Bunt Solar India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Bunt Solar India Private Limited, buy the company report.
Financials of Bunt Solar India Private Limited
FY 2016 filings availableBunt Solar India Private Limited reported revenue of ₹34.72 Cr (up 79% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 79% in the latest year. EBITDA rose 110% 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 | ₹34.72 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.67 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹54.13 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 4.8% | |
| Net Profit Margin | 1.6% | |
| 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 Bunt Solar India Private Limited, buy the company report.
Board of directors of Bunt Solar India Private Limited
Bunt Solar India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandrashekhar Shetty Also directs: Bunt Photovoltaic India LLP | Managing Director | 12 Jun 2013 | 13 Years 5 Months | As last reported |
| Beloor Hiriyanna Nischith Shetty Also directs: Bunt Photovoltaic India LLP | Director | 12 Jun 2013 | 13 Years 5 Months | As last reported |
Auditor
Bunt Solar India Private Limited is audited by B V C & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B V C & CO | FY 2016 | 008154S |
Shareholding
The shareholding of Bunt Solar India Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Bunt Solar India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2016 | 100025481 | Karnataka Bank Ltd. | ₹6 Cr | Open | |
| 20 Sep 2013 | 10453130 | The Bharat Co-Operative Bank (Mumbai) Limited | ₹4 Cr | Satisfied |
To see the full charge records of Bunt Solar India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Bunt Solar India Private Limited has 84 court cases on record: 8 filed by Bunt Solar India, 76 filed against it. 7 cases are pending and 77 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 83 | 75 | 7 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 84)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed against the company by Karnataka Bank Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Bajaj Finance Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Bajaj Finance Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Bajaj Finance Ltd | Disposed |
To see the full case history of Bunt Solar India 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 Bunt Solar India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bunt Solar India has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAFCB5170L1ZP | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bunt Solar India Private Limited, buy the company report.
Recent activity
Bunt Solar India Private Limited has 4 board changes on record since 2013: 2 appointments and 2 cessations. The latest: Mariswamappa Marilingappa ceased to be Additional Director on 15 Feb 2018.
Frequently asked questions
Bunt Solar India 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.
Bunt Solar India was a private limited company based in Bangalore, Karnataka, India. The company worked in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 12 June 2013 and is registered under CIN U51109KA2013PTC069667. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Bunt Solar India was incorporated on 12 June 2013. It is registered with the Registrar of Companies, Bangalore.
Bunt Solar India had 2 directors:
- Chandrashekhar Shetty - Managing Director
- Beloor Hiriyanna Nischith Shetty - Director
The CIN (Corporate Identification Number) of Bunt Solar India is U51109KA2013PTC069667. 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 Bunt Solar India is at No.23 24 Mm Complex Papareddy Palya 2nd Stage Nagarabhavi, Bangalore, Karnataka, India – 560072.
Bunt Solar India can be reached through the website buntsolar.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Bunt Solar India 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 GSTIN of Bunt Solar India is 32AAFCB5170L1ZP, registered in Kerala. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
Bunt Solar India operated in the consumer electronics and durables industry, in the electronics manufacturing segment.
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