About Basic India Limited
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Basic India Limited is a public limited company based in New Delhi, Delhi, 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 staple foods and grains segment of the food and beverages sector. It was incorporated on 05 October 1995.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1995PLC072972. Its GSTIN is 07AAACB4072G1ZZ (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.79 Cr. It is led by directors including Athar Zia (Managing Director) and Mohammad Zulfiqarullah Siddiqui.
Its last annual general meeting (AGM) was held on 03 July 2019, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 1009 10th Floor New Delhi House Building 27 Barakhamba Road Connaught Place, Delhi, India – 110001.
As per the financials filed for FY 2018, the company reported a revenue of ₹59.06 Cr, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹15.85 Cr (net margin -26.8%) and EBITDA of -₹6.23 Cr (EBITDA margin -10.6%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years.
As per MCA filings, the company has open charges of ₹217.6 Cr on record. Court records list 46 cases involving the company, including 10 filed by the company and 36 filed against it; 8 cases are pending. The company has 12 deals on record (6 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹3.63 Cr; the latest was in August 2016. Its 3 peer companies in the Food and Beverages industry (Staple Foods), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 3 larger; the largest is Shaksham Agro Flour Mill Private Limited with revenue of ₹59.7 Cr.
The last known website on record is basicindialtd.com.
Company details
CIN history
Basic India has one previous CIN (Corporate Identification Number): U74899DL1995PTC072972. The current CIN is U74899DL1995PLC072972, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1995PLC072972 | Current |
| U74899DL1995PTC072972 | Previous |
Contact details
Basic India Limited's registered office is in New Delhi, Delhi. Its website is basicindialtd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1009 10th Floor New Delhi House Building 27 Barakhamba Road Connaught Place, Delhi, India – 110001
- IndustryFood and Beverages, Staple Foods & Grains
To see the full contact details of Basic India 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 Basic India is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Basic India Limited, buy the company report.
Financials of Basic India Limited
FY 2018 filings availableBasic India Limited reported revenue of ₹59.06 Cr (down 76% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over three years, including a 76% fall in the latest year. EBITDA rose 90% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹59.06 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹6.23 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹15.85 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -10.6% | |||
| Net Profit Margin | -26.8% | |||
| 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 Basic India Limited, buy the company report.
Board of directors of Basic India Limited
Basic India has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammad Zulfiqarullah Siddiqui | Director | 05 Oct 1995 | 31 Years 0 Months | As last reported |
| Sheeza Siddiqui Also directs: Emgreen Infracon Private Limited | Director | 05 Oct 1995 | 31 Years 0 Months | As last reported |
| Athar Zia | Managing Director | 05 Oct 1995 | 31 Years 0 Months | As last reported |
Peer comparison
Basic India Limited is compared with the 3 companies closest to it by revenue in the Food and Beverages industry (Staple Foods), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shaksham Agro Flour Mill Private Limited | ₹59.7 Cr (FY 2024) | -5.0% | Khalilabad, Uttar Pradesh, India | |||
| Puspa Agencies Private Limited | ₹59.7 Cr (FY 2024) | -12.0% | Bairoi, Odisha, India | |||
| Santosh Flour Mills Private Limited | ₹59.54 Cr (FY 2024) | 5.0% | Uttar Pradesh, India | |||
| Basic India Limitedthis company | ₹59.06 Cr (FY 2018) | -₹15.85 Cr | -26.8% | -76.0% | New Delhi, Delhi, India |
To see the full peer comparison of Basic India Limited, buy the company report.
Auditor
Basic India Limited is audited by G S Kphli & Co. for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S Kphli & Co. | FY 2018 | 01442N |
Shareholding
The shareholding of Basic India Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Basic India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Dec 2015 | 10624510 | Bank of India | ₹5 Cr | Open | |
| 07 Nov 2015 | 10624505 | Bank of India | ₹5 Cr | Open | |
| 31 Jan 2015 | 10550981 | Bank of India | ₹1.6 Cr | Open | |
| 17 Sep 2013 | 10453524 | Bank of India | ₹56 Lakh | Open | |
| 17 Sep 2013 | 10453639 | Bank of India | ₹2.63 Cr | Open |
To see the full charge records of Basic India Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Basic India Limited has 12 deals on record (6 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹3.63 Cr; the latest was in August 2016.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2016 | Rights issue | ₹2.59 Cr | Investors: an individual |
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Mittal Exports (India) Private Limited , 3 individuals |
| May 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Emgreen Infracon Private Limited |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Emgreen Infracon Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Emgreen Infracon Private Limited Seller: Jindal Rice & Cen Mills, Jalalabad Rice Export Private Limited, 2 individuals |
To see the full deal history of Basic India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Basic India Limited has 46 court cases on record: 10 filed by Basic India, 36 filed against it. 8 cases are pending and 38 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 41 | 32 | 8 |
| High courts | 5 | 4 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed by the company against HDFC Bank Ltd. and Anr and 1 other | Disposed |
| District court, Ghaziabad, Uttar Pradesh | Cheque dishonour complaint | Filed against the company by M/S Regal Woven Sacks Pvt. Ltd.-Anuj Aggarwal | Disposed |
| District court, South, Delhi | Criminal case | Filed against the company by Cross Link Shipping Private Limited | Disposed |
| District court, New Delhi, Delhi | Execution petition | Filed against the company by Punjab Agro Industries Corporation Ltd. | Disposed |
| District court, Karnal, Haryana | Execution petition | Filed against the company by Bansal Finefoods Private Ltd. | Disposed |
To see the full case history of Basic India 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
Basic India Limited was last rated by Brickwork on 12 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 12 Dec 2019 |
To see the full credit ratings and regulatory alerts of Basic India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Basic India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Basic India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACB4072G1ZZ | Delhi | Active | 01 Jul 2017 |
| 06AAACB4072G1Z1 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Basic India Limited, buy the company report.
Recent activity
Basic India Limited has 3 board changes on record since 1995: 3 appointments. The latest: Athar Zia was appointed as Managing Director on 05 Oct 1995.
16 earlier events are in the company report.
Frequently asked questions
Basic India 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.
Basic India is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in staple foods and grains, within the food and beverages industry. It was incorporated on 05 October 1995 and is registered under CIN U74899DL1995PLC072972. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Basic India has 3 current directors:
- Athar Zia - Managing Director
- Mohammad Zulfiqarullah Siddiqui - Director
- Sheeza Siddiqui - Director
The latest financial statements of Basic India on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 03 July 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Basic India is U74899DL1995PLC072972. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Basic India has open charges of ₹217.6 Cr and no satisfied charges on record as per latest MCA filings.
Basic India has 46 court cases on record: 10 filed by the company and 36 filed against it. 8 are pending. Most are in the district courts.
Basic India was incorporated on 05 October 1995. It is registered with the Registrar of Companies, Delhi.
Basic India has 12 deals on record (6 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹3.63 Cr; the latest was in August 2016.
The peers of Basic India by revenue are Shaksham Agro Flour Mill Private Limited, Puspa Agencies Private Limited, Santosh Flour Mills Private Limited, all in the Food and Beverages industry (Staple Foods), with the same principal business activity (food, beverages and tobacco products).
Athar Zia was appointed as Managing Director on 05 Oct 1995. Mohammad Zulfiqarullah Siddiqui was appointed as Director on 05 Oct 1995. Sheeza Siddiqui was appointed as Director on 05 Oct 1995.
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