About Safari Bikes Limited
Data last updated:
Safari Bikes Limited is a public limited company based in Ludhiana, Punjab, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 05 December 1995.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35921PB1995PLC017379. Its GSTIN is 03AAKCS5909D1ZI (Punjab). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.8 Cr and a paid-up capital of ₹2.68 Cr. It was formerly known as Safari Bikes Private Limited. It is led by directors including Hemant Kumar Satija and Ramdhari Sharma.
Its last annual general meeting (AGM) was held on 14 March 2022, and its latest financial statements are for the year ended 31 March 2021. The registered office is at E 650 Phase Vfocal Point Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2021, the company reported a revenue of ₹97.79 Lakh, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹4.19 Lakh (net margin -4.3%) and EBITDA of ₹8.42 Lakh (EBITDA margin 8.6%). Revenue has declined at a compounded annual rate (CAGR) of 66% over three years and 53% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Safari Bikes and Hi-Bird. As per MCA filings, the company has open charges of ₹21 Cr and satisfied charges of ₹2.05 Cr on record. Court records list 316 cases involving the company, including 289 filed by the company and 28 filed against it; 4 cases are pending.
The last known website on record is hibirdcycles.com.
Company details
CIN history
Safari Bikes has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U35921PB1995PLC017379, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35921PB1995PLC017379 | Current |
| U35921PB1995PTC017379 | Previous |
| L35921PB1995PLC017379 | Previous |
Contact details
Safari Bikes Limited's registered office is in Ludhiana, Punjab. Its website is hibirdcycles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressE 650 Phase Vfocal Point Ludhiana, Punjab, India – 141010
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Safari Bikes 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
Safari Bikes operates two associated brands: Safari Bikes and HI-BIRD. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality parts for two-wheelers. | safaribikes.com | |
| Bicycle manufacturing, sales, and dealership services in India. | hibirdcycles.com |
Business activity
The main business activity of Safari Bikes 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 Safari Bikes Limited, buy the company report.
Financials of Safari Bikes Limited
FY 2021 filings availableSafari Bikes Limited reported revenue of ₹97.79 Lakh (down 40% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 53% over five years, including a 40% fall in the latest year. EBITDA rose 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹97.79 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.42 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.19 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | -4.3% | ||||
| 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 Safari Bikes Limited, buy the company report.
Board of directors of Safari Bikes Limited
Safari Bikes has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemant Kumar Satija | Director | 25 Jan 2018 | 8 Years 9 Months | As last reported |
| Ramdhari Sharma | Director | 05 Dec 1995 | 30 Years 11 Months | As last reported |
| Jitin Sharma | Director | 28 Jun 2016 | 10 Years 4 Months | As last reported |
Auditor
Safari Bikes Limited is audited by GOYAL SANJAY & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOYAL SANJAY & ASSOCIATES | FY 2021 | 010083N |
Shareholding
The shareholding of Safari Bikes Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Safari Bikes Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2017 | 100118115 | State Bank of India | ₹1 Cr | Open | |
| 10 Mar 1999 | 90180106 | Others | ₹20 Cr | Open | |
| 23 Jan 2003 | 90180615 | State Bank of India | ₹70 Lakh | Satisfied | |
| 27 Mar 2001 | 90180390 | State Bank of India | ₹1.25 Cr | Satisfied | |
| 11 Mar 1999 | 90180109 | State Bank of India | ₹10 Lakh | Satisfied |
To see the full charge records of Safari Bikes Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Safari Bikes Limited has 316 court cases on record: 289 filed by Safari Bikes, 28 filed against it. 4 cases are pending and 312 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 297 | 19 | 2 |
| High courts | 16 | 7 | 2 |
| NCLT | 3 | 2 | 0 |
Cases on record (5 of 316)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil miscellaneous application | Filed against the company by Tata Steel BSL Ltd | Disposed |
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by M/S Berger Paints India Limited | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M/S Jaswal Cycles Pvt. Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M/S Tata Steel BSL Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against M/S Bhushan Steel Limited and 1 other | Disposed |
To see the full case history of Safari Bikes 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
Safari Bikes Limited was last rated by Brickwork on 05 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 05 Jul 2021 |
To see the full credit ratings and regulatory alerts of Safari Bikes Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Safari Bikes Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Safari Bikes Limited has a workforce of 2 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Safari Bikes has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAKCS5909D1ZI | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Safari Bikes Limited, buy the company report.
Recent activity
Safari Bikes Limited has 8 board changes on record since 1995: 3 appointments and 5 cessations. The latest: Hemant Kumar Satija ceased to be Additional Director on 30 Sep 2018.
9 earlier events are in the company report.
Frequently asked questions
Safari Bikes is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Safari Bikes is a company under insolvency, formerly operating as a public limited company based in Ludhiana, Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 05 December 1995 and is registered under CIN U35921PB1995PLC017379. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Safari Bikes has 3 current directors:
- Hemant Kumar Satija - Director
- Ramdhari Sharma - Director
- Jitin Sharma - Director
The latest financial statements of Safari Bikes on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 14 March 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Safari Bikes is U35921PB1995PLC017379. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Safari Bikes has open charges of ₹21 Cr and satisfied charges of ₹2.05 Cr as per latest MCA filings.
Safari Bikes has 316 court cases on record: 289 filed by the company and 28 filed against it. 4 are pending. Most are in the district courts.
Safari Bikes was incorporated on 05 December 1995. It is registered with the Registrar of Companies, Chandigarh.
Hemant Kumar Satija ceased to be Additional Director on 30 Sep 2018. Hemant Kumar Satija was appointed as Director on 25 Jan 2018. Rekha Sharma ceased to be Director on 25 Jan 2018. Safari Bikes has 8 board changes on record in total.
Safari Bikes can be reached through the website hibirdcycles.com. Its registered office is in Ludhiana, Punjab, India.
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