About Basar Steel Private Limited
Data last updated:
Basar Steel Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 11 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27105MH2006PTC161758. Its GSTIN is 27AADCB0154E1Z7 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Mohammed Juned Ansari and Mohammad Sadiq Mohammad Sultan Shaikh.
Its last annual general meeting (AGM) was held on 05 February 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 201 Standard House 83 Maharshi Karve Road Marine Lines, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.82 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹3.44 Lakh (net margin -1.9%) and EBITDA of ₹465 (EBITDA margin 0%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 29% over five years.
As per MCA filings, the company has open charges of ₹17.5 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website basarworld.com.
Company details
Contact details
Basar Steel Private Limited's registered office is in Mumbai, Maharashtra. Its website is basarworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address201 Standard House 83 Maharshi Karve Road Marine Lines, Mumbai, Maharashtra, India – 400002
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Basar Steel 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 Basar Steel 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 Basar Steel Private Limited, buy the company report.
Financials of Basar Steel Private Limited
FY 2020 filings availableBasar Steel Private Limited reported revenue of ₹1.82 Cr (down 28% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 28% fall in the latest year. EBITDA fell 100% 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 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 | ₹1.82 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹465 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.44 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | -1.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Basar Steel Private Limited, buy the company report.
Board of directors of Basar Steel Private Limited
Basar Steel 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 |
|---|---|---|---|---|
| Mohammed Juned Ansari Also directs: Basar Foods Private Limited, Basar Global Private Limited, Basar Constructions Private Limited and 5 more | Director | 22 Jan 2019 | 7 Years 9 Months | Current |
| Mohammad Sadiq Mohammad Sultan Shaikh Also directs: Basar Foods Private Limited, Basar Constructions Private Limited, Green Woods Constructions Private Limited and 5 more | Director | 22 Jan 2019 | 7 Years 9 Months | Current |
Peer comparison
Basar Steel Private Limited is compared with the 3 companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution, Steel), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shrishyam Oil & Fats Private Limited | ₹1.82 Cr (FY 2016) | -65.0% | Sheoraphully, West Bengal, India | |||
| Basar Steel Private Limitedthis company | ₹1.82 Cr (FY 2020) | -₹3.44 Lakh | -1.9% | -28.0% | Mumbai, Maharashtra, India | |
| Mahom Retail Private Limited | ₹1.82 Cr (FY 2024) | 32.0% | Gwalior, Madhya Pradesh, India | |||
| P R Steel & Alloys Private Limited | ₹1.82 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Basar Steel Private Limited, buy the company report.
Auditor
Basar Steel Private Limited is audited by C V K & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C V K & ASSOCIATES | FY 2020 | 101745W |
Shareholding
The shareholding of Basar Steel Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Basar Steel Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2011 | 10314327 | Union Bank of India | ₹2.5 Cr | Open | |
| 25 Nov 2009 | 10192531 | Union Bank of India | ₹15 Cr | Open |
To see the full charge records of Basar Steel Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Basar Steel Private Limited has 5 court cases on record: 1 filed by Basar Steel, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by M/S. Basar Global P Ltd and 2 Ors. | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Pranavi Polymers P Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Union Bank of India | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Bank of Maharashtra Th.Mr. Nandkishor Y Gadre | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Union Bank of India | Disposed |
To see the full case history of Basar Steel 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 Basar Steel Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Basar Steel Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Basar Steel has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB0154E1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Basar Steel Private Limited, buy the company report.
Recent activity
Basar Steel Private Limited has 9 board changes on record since 2012: 2 appointments and 7 cessations. The latest: Mohammad Sadiq Mohammad Sultan Shaikh was appointed as Director on 22 Jan 2019.
3 earlier events are in the company report.
Frequently asked questions
Basar Steel is an active private limited company based in Mumbai, Maharashtra, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 11 May 2006 (20+ years old) and is registered under CIN U27105MH2006PTC161758.
Basar Steel has 2 current directors:
- Mohammed Juned Ansari - Director
- Mohammad Sadiq Mohammad Sultan Shaikh - Director
The latest financial statements of Basar Steel on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 05 February 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Basar Steel is 27AADCB0154E1Z7, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Basar Steel is U27105MH2006PTC161758. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Basar Steel has 5 court cases on record: 1 filed by the company and 4 filed against it. Most are in the district courts.
Basar Steel was incorporated on 11 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Basar Steel by revenue are Shrishyam Oil & Fats Private Limited, Mahom Retail Private Limited, P R Steel & Alloys Private Limited, all in the Food and Beverages industry (Food and Beverages Retail and Distribution, Steel), with the same principal business activity (wholesale trading).
Mohammad Sadiq Mohammad Sultan Shaikh was appointed as Director on 22 Jan 2019. Mohammed Juned Ansari was appointed as Director on 22 Jan 2019. Umer Basar ceased to be Managing Director on 22 Jan 2019. Basar Steel has 9 board changes on record in total.
Basar Steel can be reached through the website basarworld.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Basar Steel is at 201 Standard House 83 Maharshi Karve Road Marine Lines, Mumbai, Maharashtra, India – 400002.