About Nava Karnataka Steels Private Limited
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Nava Karnataka Steels Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 04 September 1972 and has been in existence for over 54 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27100KA1972PTC002239. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.58 Cr. It is led by directors Ankit Bhuwalka (Whole-Time Director) and Ajay Kumar Bhuwalka (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 10th Mile Old Madras Road Bandapura Village, Bangalore, Karnataka, India – 560049.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.18 Cr, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹116.21 Cr and EBITDA of -₹114.8 Cr. Revenue has declined at a compounded annual rate (CAGR) of 83% over three years.
The company has about 76 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹33.36 Cr and satisfied charges of ₹28.75 Cr on record. Court records list 81 cases involving the company, including 7 filed by the company and 74 filed against it; 4 cases are pending.
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 bhuwalkagroup.com.
Company details
CIN history
Nava Karnataka Steels has one previous CIN (Corporate Identification Number): U29104KA1972PTC002239. The current CIN is U27100KA1972PTC002239, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27100KA1972PTC002239 | Current |
| U29104KA1972PTC002239 | Previous |
Contact details
Nava Karnataka Steels Private Limited's registered office is in Bangalore, Karnataka. Its website is bhuwalkagroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address10th Mile Old Madras Road Bandapura Village, Bangalore, Karnataka, India – 560049
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Nava Karnataka Steels 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 Nava Karnataka Steels 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 Nava Karnataka Steels Private Limited, buy the company report.
Financials of Nava Karnataka Steels Private Limited
FY 2017 filings availableNava Karnataka Steels Private Limited reported revenue of ₹2.18 Cr (down 97% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 83% over three years, including a 97% fall in the latest year. EBITDA fell 134% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹2.18 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹114.8 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹116.21 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| 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 Nava Karnataka Steels Private Limited, buy the company report.
Board of directors of Nava Karnataka Steels Private Limited
Nava Karnataka Steels has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Bhuwalka | Whole-Time Director | 29 Jun 2004 | 22 Years 4 Months | Current |
| Ajay Kumar Bhuwalka | Whole-Time Director | 14 Aug 2001 | 25 Years 2 Months | Current |
Peer comparison
Nava Karnataka Steels Private Limited is compared with the 3 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shri Giriraj Steels Pvt Ltd | ₹2.19 Cr (FY 2025) | 1790.0% | Tijara, Rajasthan, India | |||
| Nava Karnataka Steels Private Limitedthis company | ₹2.18 Cr (FY 2017) | -₹116.21 Cr | -97.0% | 76 | Bangalore, Karnataka, India | |
| HRC Steels Private Limited | ₹2.17 Cr (FY 2024) | 91.0% | Delhi, India | |||
| Chromera Private Limited | ₹2.17 Cr (FY 2024) | 2345.0% | Hisar, Haryana, India |
To see the full peer comparison of Nava Karnataka Steels Private Limited, buy the company report.
Auditor
Nava Karnataka Steels Private Limited is audited by T C GOUD & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T C GOUD & CO | FY 2017 | 000993S |
Shareholding
The shareholding of Nava Karnataka Steels Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nava Karnataka Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2010 | 10230514 | Indian Overseas Bank | ₹32.76 Cr | Open | |
| 05 Apr 2010 | 10214781 | L & T Finance Limited | ₹60 Lakh | Open | |
| 16 Oct 1991 | 80028884 | Canara Bank | ₹28.75 Cr | Satisfied |
To see the full charge records of Nava Karnataka Steels Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Nava Karnataka Steels Private Limited has 81 court cases on record: 7 filed by Nava Karnataka Steels, 74 filed against it. 4 cases are pending and 77 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 68 | 66 | 2 |
| High courts | 13 | 8 | 2 |
Cases on record (5 of 81)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BALLARI, Karnataka | Criminal complaint | Filed against the company by Ms Sathavahana Ispat Ltd. Rep. by Its Authorized Signatory C.V.Rao So C.J.Sharma | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Vidika Metals Pvt. Ltd. | Pending |
| District court, BALLARI, Karnataka | Court case (Com.EX.) | Filed against the company by M/S Sathavahana Ispat Ltd Represented by Its Authorised Signatory C. Thirumalesh S/O Late C.Hanuman | Disposed |
| High Court, KARNATAKA | Court case (CRL.P) | Filed by the company against M/S. Sathavahana Ispat Ltd | Disposed |
| District court, BALLARI, Karnataka | Court case (COM.O.S.) | Filed against the company by Ms.Suvan Steels Pvt.Ltd.,Rptd by Its Managing Director Sri.Sanjay Kumar Gupta | Disposed |
To see the full case history of Nava Karnataka Steels 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 Nava Karnataka Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Nava Karnataka Steels has 2 subsidiary companies and 10 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Mahesh Sponge Iron and Power Limited | U27104KA2004PLC034136 | |
| Mahesh Sponge Iron and Power Ltd | U27104KA2004PLC034136 |
To see the full group structure of Nava Karnataka Steels Private Limited, buy the company report.
Employees & EPFO
Nava Karnataka Steels Private Limited has a workforce of 76 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Nava Karnataka Steels has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Nava Karnataka Steels Private Limited, buy the company report.
Recent activity
Nava Karnataka Steels Private Limited has 6 board changes on record since 2001: 2 appointments and 4 cessations. The latest: Suresh Kumar Bhuwalka ceased to be Director on 16 May 2017.
3 earlier events are in the company report.
Frequently asked questions
Nava Karnataka Steels is an active private limited company based in Bangalore, Karnataka, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 04 September 1972 (54+ years old) and is registered under CIN U27100KA1972PTC002239.
Nava Karnataka Steels has 2 current directors:
- Ankit Bhuwalka - Whole-Time Director
- Ajay Kumar Bhuwalka - Whole-Time Director
The latest financial statements of Nava Karnataka Steels on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
No. Nava Karnataka Steels has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Nava Karnataka Steels is U27100KA1972PTC002239. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nava Karnataka Steels has 81 court cases on record: 7 filed by the company and 74 filed against it. 4 are pending. Most are in the district courts.
Nava Karnataka Steels was incorporated on 04 September 1972, making it 54+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Nava Karnataka Steels by revenue are Shri Giriraj Steels Pvt Ltd, HRC Steels Private Limited, Chromera Private Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Suresh Kumar Bhuwalka ceased to be Director on 16 May 2017. Kondaiah Chinna Kodiganti ceased to be Director on 08 May 2014. Gajraj Singh Bansal ceased to be Director on 21 Dec 2011. Nava Karnataka Steels has 6 board changes on record in total.
Nava Karnataka Steels can be reached through the website bhuwalkagroup.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Nava Karnataka Steels is at 10th Mile Old Madras Road Bandapura Village, Bangalore, Karnataka, India – 560049.
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