About Danish Steel Cluster Private Limited
Data last updated:
Danish Steel Cluster Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Sicagen India Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 16 January 2004.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U02710KA2004PTC033200. Its GSTIN is 29AABCD9135B1ZU (Karnataka).
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.08 Cr. It was led by directors including Bhimsingh Narendran and Varma Nandakumar.
Its last annual general meeting (AGM) was held on 25 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹55.65 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹1.79 Lakh (net margin -3.2%) and EBITDA of -₹43,200 (EBITDA margin -0.8%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years and 54% over five years.
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Danish Steel Clusters. As per MCA filings, the company had satisfied charges of ₹63.35 Cr on record. Court records list 11 cases involving the company, including 4 filed by the company and 7 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in September 2016. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 278 overdue payments to 35 micro and small suppliers.
The last known website on record is dscplindia.in.
Company details
Contact details
Danish Steel Cluster Private Limited's registered office is in Bangalore, Karnataka. Its website is dscplindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address405 Prabhavathi Windsor 4th Floor Btm 4th Stage Sbi Colony Devarachikkanahalli Bommana, Halli, Bangalore, Karnataka, India – 560076
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Danish Steel Cluster 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
Brands
Danish Steel Cluster operates one associated brand: Danish Steel Clusters. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Metal structures are fabricated for HVAC and diverse industries. | dscplindia.in |
Business activity
The main business activity of Danish Steel Cluster 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 Danish Steel Cluster Private Limited, buy the company report.
Financials of Danish Steel Cluster Private Limited
FY 2023 filings availableDanish Steel Cluster Private Limited reported revenue of ₹55.65 Lakh (down 91% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 91% fall in the latest year. EBITDA fell 101% 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 | ₹55.65 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹43,200 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.79 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 | -0.8% | ||||
| Net Profit Margin | -3.2% | ||||
| 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 Danish Steel Cluster Private Limited, buy the company report.
Board of directors of Danish Steel Cluster Private Limited
Danish Steel Cluster has 3 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhimsingh Narendran | Director | 13 Jun 2020 | 6 Years 4 Months | As last reported |
| Varma Nandakumar Also directs: South India House Estates and Properties Limited | Director | 03 Nov 2022 | 4 Years 0 Months | As last reported |
| Mariappa Nadar Rajamani | Director | 13 Jun 2020 | 6 Years 4 Months | As last reported |
Auditor
Danish Steel Cluster Private Limited is audited by N. SIVA PRASAD ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. SIVA PRASAD ASSOCIATES | FY 2023 | 03885S |
Shareholding
The shareholding of Danish Steel Cluster 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 Danish Steel Cluster Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 2018 | 100212593 | Others | ₹45 Cr | Satisfied | |
| 28 Aug 2013 | 10446238 | The Hongkong and Shanghai Banking Corporation Limited | ₹5.3 Cr | Satisfied | |
| 07 May 2007 | 10053605 | The Royal Bank of Scotland N.V. (Acting for Itself and on Behalf of Ifu) | ₹9.21 Cr | Satisfied | |
| 01 Mar 2005 | 80007157 | The Industralization Fund for Developing Countries | ₹3.85 Cr | Satisfied |
To see the full charge records of Danish Steel Cluster Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Danish Steel Cluster Private Limited has 1 deal on record (1 acquisition); the latest was in September 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Acquisition | ₹11.24 Cr | Buyer: Sicagen India Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Danish Steel Cluster Private Limited has 11 court cases on record: 4 filed by Danish Steel Cluster, 7 filed against it. 1 case is pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 5 | 0 |
| District courts | 2 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| NCLT, Bengaluru | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax, Cit(A) | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by The PR Commissioner of Income Tax | Disposed |
To see the full case history of Danish Steel Cluster 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
Danish Steel Cluster Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 278 overdue payments to 35 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 35)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mo Finish | |||
| an individual supplier | |||
| Emka India Panel Accessories Private Limited | |||
| Dirak (India) Panel Fittings Private Limited | |||
| Arunodaya Industries |
To see the full MSME payment records of Danish Steel Cluster Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Danish Steel Cluster Private Limited has a workforce of 2 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Danish Steel Cluster has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCD9135B1ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Danish Steel Cluster Private Limited, buy the company report.
Recent activity
Danish Steel Cluster Private Limited has 24 board changes on record since 2007: 3 appointments and 21 cessations. The latest: Varma Nandakumar ceased to be Additional Director on 24 Sep 2023.
26 earlier events are in the company report.
Frequently asked questions
Danish Steel Cluster has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Danish Steel Cluster was a private limited company based in Bangalore, Karnataka, India. The company worked in metal foundry and fabrication services, within the engineering industry. It was incorporated on 16 January 2004 and is registered under CIN U02710KA2004PTC033200. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Danish Steel Cluster was incorporated on 16 January 2004. It is registered with the Registrar of Companies, Bangalore.
Danish Steel Cluster had 3 directors:
- Bhimsingh Narendran - Director
- Varma Nandakumar - Director
- Mariappa Nadar Rajamani - Director
The CIN (Corporate Identification Number) of Danish Steel Cluster is U02710KA2004PTC033200. 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 Danish Steel Cluster is at 405 Prabhavathi Windsor 4th Floor Btm 4th Stage Sbi Colony Devarachikkanahalli Bommana, Halli, Bangalore, Karnataka, India – 560076.
Danish Steel Cluster can be reached through the website dscplindia.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Danish Steel Cluster on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Danish Steel Cluster is 29AABCD9135B1ZU, registered in Karnataka.
Danish Steel Cluster operated in the engineering industry, in the metal foundry and fabrication services segment.
Danish Steel Cluster has 1 deal on record (1 acquisition); the latest was in September 2016.
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