About Base Corporation Limited
Data last updated:
Base Corporation Limited is a public limited company based in Bangalore, Karnataka, 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 electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 12 August 1987.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U30007KA1987PLC023168. Its GSTIN is 18AAACB0287B1Z5 (Assam). The company holds 10 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹49.95 Cr. It was formerly known as Base Corporation Private Limited. It is led by directors including Girish Kumar Arora (Managing Director) and Ranjit Dogra (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2018, the company reported a revenue of ₹31.13 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹77.58 Cr (net margin -249.3%) and EBITDA of -₹29.18 Cr (EBITDA margin -93.8%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5,194.95 Cr and satisfied charges of ₹629.9 Cr on record. Court records list 421 cases involving the company, including 303 filed by the company and 118 filed against it; 12 cases are pending. The company has 12 deals on record (9 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹194.13 Cr; the latest was in March 2015.
The last known website on record is basecorporation.com.
Company details
CIN history
Base Corporation has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U30007KA1987PLC023168, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U30007KA1987PLC023168 | Current |
| U85110KA1997PLC023168 | Previous |
| U30007KA1997PLC023168 | Previous |
Contact details
Base Corporation Limited's registered office is in Bangalore, Karnataka. Its website is basecorporation.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressFlat No.S2 2nd Floor No.13 Lohan'S Regent Sundermurthy Road, Cox Town, Bangalore, Karnataka, India – 560005
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Base Corporation 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 activities of Base Corporation are manufacturing and support service to organizations. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc.. 2 activity segments are registered with the MCA.
| 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 | |
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Base Corporation Limited, buy the company report.
Financials of Base Corporation Limited
FY 2018 filings availableBase Corporation Limited reported revenue of ₹31.13 Cr (up 6% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 6% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 52%. EBITDA rose 87% 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 | ₹31.13 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹29.18 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹77.58 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 | -93.8% | |||
| Net Profit Margin | -249.3% | |||
| 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 Base Corporation Limited, buy the company report.
Board of directors of Base Corporation Limited
Base Corporation has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girish Kumar Arora Also directs: Base Terminal Limited, Girish Arora Projects India Private Limited, Paxin Vincom Private Limited and 3 more | Managing Director | 01 Apr 2003 | 23 Years 6 Months | As last reported |
| Radha Arora Devi Also directs: Base Terminal Limited, Girish Sons Investments Limited | Additional Director | 10 Apr 2016 | 10 Years 6 Months | As last reported |
| Ranjit Dogra Also directs: Base Terminal Limited, Girish Arora Projects India Private Limited, Base Holdings Limited and 2 more | Whole-Time Director | 16 Jan 2012 | 14 Years 9 Months | As last reported |
Auditor
Base Corporation Limited is audited by C M G & COMPANY for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C M G & COMPANY | FY 2018 | 024962N |
Shareholding
The shareholding of Base Corporation 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 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Base Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Nov 2014 | 10533002 | Sbicap Trustee Company Limited | ₹1,407.37 Cr | Open | |
| 19 Apr 2013 | 10426007 | Others | ₹270 Cr | Open | |
| 27 Feb 2013 | 10412297 | State Bank of Hyderabad | ₹675 Cr | Open | |
| 27 Mar 2012 | 10356588 | Others | ₹35 Cr | Open | |
| 27 Feb 2012 | 10382625 | Axis Bank Ltd. | ₹26.12 Lakh | Open |
To see the full charge records of Base Corporation Limited, buy the company report.
Total charge records: 40 View all charges
Deals & funding
Base Corporation Limited has 12 deals on record (9 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹194.13 Cr; the latest was in March 2015.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Funding round | ₹58.46 Cr | Investors: Girish Sons Investments Limited , Onkar Sales Private Limited , Real Tradecom Private Limited |
| Mar 2015 | Funding round | ₹15.22 Cr | Investors: Skylark Vanijya Private Limited , Doyen Vanijya Private Limited , Real Tradecom Private Limited , an individual |
| Jul 2014 | Rights issue | ₹25.25 Cr | Investors: Girish Sons Investments Limited , an individual |
| Mar 2013 | Funding round | ₹2.29 Cr | Investors: Skylark Vanijya Private Limited , Manikaran Vyapar Private Limited, Statefield Distributors Pvt Ltd |
| Mar 2013 | Funding round | ₹33.34 Cr | Investors: Doyen Vanijya Private Limited , Maxim Tie-Up Private Limited , Manikaran Vyapar Private Limited |
To see the full deal history of Base Corporation 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
Base Corporation Limited has 421 court cases on record: 303 filed by Base Corporation, 118 filed against it. 12 cases are pending and 409 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 351 | 97 | 9 |
| High courts | 59 | 15 | 2 |
| NCLAT | 6 | 3 | 1 |
| NCLT | 4 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 421)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Yash Technologies Pvt Ltd | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by Transolutions Pvt.Ltd | Pending |
| District court, Shimla, Himachal Pradesh | Execution petition | Filed against the company by M/S SMC Packaging Pvt. Ltd, | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by M/S Yash Technologies Pvt. Ltd. Authorized Signatory Mr Gaurav Panwar,Legar Manager 201-205, Bansi Trade Centre, 581/5, M.G. Road, Indore , District: Indore ,Indore , Madhya Pradesh | Disposed |
| District court, South East, Delhi | Execution petition | Filed against the company by Geodis Overseas Pvt Ltd | Disposed |
To see the full case history of Base Corporation 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 Base Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Base Corporation Limited has a workforce of 22 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Base Corporation has 10 GST registrations: 2 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AAACB0287B1Z5 | Assam | Active | 01 Jul 2017 |
| 03AAACB0287B3ZE | Punjab | Active | 31 Aug 2017 |
To see the full GST registrations and return filing status of Base Corporation Limited, buy the company report.
Recent activity
Base Corporation Limited has 10 board changes on record since 2003: 3 appointments and 7 cessations. The latest: Manish Agrawal ceased to be Director on 10 Apr 2016.
76 earlier events are in the company report.
Frequently asked questions
Base Corporation 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.
Base Corporation is a company under liquidation, formerly operating as a public limited company based in Bangalore, Karnataka, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 12 August 1987 and is registered under CIN U30007KA1987PLC023168. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Base Corporation has 3 current directors:
- Girish Kumar Arora - Managing Director
- Ranjit Dogra - Whole-Time Director
- Radha Arora Devi - Additional Director
The latest financial statements of Base Corporation on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Base Corporation is U30007KA1987PLC023168. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Base Corporation has open charges of ₹5,194.95 Cr and satisfied charges of ₹629.9 Cr as per latest MCA filings.
Base Corporation has 421 court cases on record: 303 filed by the company and 118 filed against it. 12 are pending. Most are in the district courts.
Base Corporation was incorporated on 12 August 1987. It is registered with the Registrar of Companies, Bangalore.
Base Corporation has 12 deals on record (9 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹194.13 Cr; the latest was in March 2015.
Manish Agrawal ceased to be Director on 10 Apr 2016. Radha Arora Devi was appointed as Additional Director on 10 Apr 2016. Prabal Kumar Mitra ceased to be Director on 20 Feb 2013. Base Corporation has 10 board changes on record in total.