Steel Hypermart India Private Limited
About Steel Hypermart India Private Limited
Data last updated:
Steel Hypermart India Private Limited is a private limited company based in Bangalore, Karnataka, 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 electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 16 August 2004.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U27101KA2004PTC034499. Its GSTIN is 29AAICS3289E1ZZ (Karnataka). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.95 Cr. It was formerly known as Singhi Udyog Private Limited. It is led by directors Mahendra Kumar Singhi and Suman Mahendra Kumar Singhi.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Mannat # 2/1 A Nanjappa Road Shanthi Nagar, Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.2 Cr, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹2.53 Cr (net margin -210.2%) and EBITDA of -₹1.61 Cr (EBITDA margin -133.7%). Revenue has declined at a compounded annual rate (CAGR) of 88% over three years and 67% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹327.97 Cr and satisfied charges of ₹223.13 Cr on record. Court records list 158 cases involving the company, including 122 filed by the company and 36 filed against it; 32 cases are pending.
Company details
Contact details
Steel Hypermart India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMannat # 2/1 A Nanjappa Road Shanthi Nagar, Bangalore, Karnataka, India – 560027
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Steel Hypermart India 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 Steel Hypermart India 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 Steel Hypermart India Private Limited, buy the company report.
Financials of Steel Hypermart India Private Limited
FY 2021 filings availableSteel Hypermart India Private Limited reported revenue of ₹1.2 Cr (down 89% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over five years, including a 89% fall in the latest year. EBITDA rose 78% 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 | ₹1.2 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.61 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.53 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -133.7% | ||||
| Net Profit Margin | -210.2% | ||||
| 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 Steel Hypermart India Private Limited, buy the company report.
Board of directors of Steel Hypermart India Private Limited
Steel Hypermart India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Kumar Singhi | Director | 16 Aug 2004 | 22 Years 2 Months | As last reported |
| Suman Mahendra Kumar Singhi | Director | 16 Aug 2004 | 22 Years 2 Months | As last reported |
Auditor
Steel Hypermart India Private Limited is audited by R RAGHUNATHAN & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R RAGHUNATHAN & CO | FY 2021 | 012178S |
Shareholding
The shareholding of Steel Hypermart India Private 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 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Steel Hypermart India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2018 | 100269381 | Others | ₹14 Cr | Open | |
| 29 Jun 2018 | 100187417 | Indian Bank | ₹13.75 Cr | Open | |
| 08 Feb 2018 | 100157631 | Indian Bank | ₹162 Cr | Open | |
| 27 Sep 2017 | 100129296 | Indian Bank | ₹137.5 Cr | Open | |
| 13 Sep 2013 | 10448399 | Axis Bank Limited | ₹71.52 Lakh | Open |
To see the full charge records of Steel Hypermart India Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Steel Hypermart India Private Limited has 158 court cases on record: 122 filed by Steel Hypermart India, 36 filed against it. 32 cases are pending and 126 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 113 | 14 | 9 |
| High courts | 31 | 10 | 15 |
| NCLAT | 10 | 9 | 4 |
| Supreme Court | 4 | 3 | 4 |
Cases on record (5 of 158)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Kailash Roofing Solutions Pvt Ltd. | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Kailash Roofing Solutions Pvt Ltd | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against Presscom Products Private Limited | Pending |
| High Court | Criminal miscellaneous application | Filed by the company against Aditya Birla Finance Limited | Pending |
| High Court | Court case (RSTAY) | Filed by the company against Aditya Birla Finance Limited | Pending |
To see the full case history of Steel Hypermart India 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 Steel Hypermart India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Steel Hypermart India has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Singhi Buildtech Private Limited | U74999KA2017PTC101696 |
To see the full group structure of Steel Hypermart India Private Limited, buy the company report.
GST
Steel Hypermart India has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICS3289E1ZZ | Karnataka | Active | 01 Jul 2017 |
| 33AAICS3289E1ZA | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Steel Hypermart India Private Limited, buy the company report.
Recent activity
Steel Hypermart India Private Limited has 3 board changes on record since 2004: 2 appointments and 1 cessation. The latest: Singhi Lalit Kumar ceased to be Director on 15 Jul 2015.
13 earlier events are in the company report.
Frequently asked questions
Steel Hypermart India 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.
Steel Hypermart India is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 16 August 2004 and is registered under CIN U27101KA2004PTC034499. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Steel Hypermart India has 2 current directors:
- Mahendra Kumar Singhi - Director
- Suman Mahendra Kumar Singhi - Director
The latest financial statements of Steel Hypermart India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Steel Hypermart India is U27101KA2004PTC034499. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Steel Hypermart India has open charges of ₹327.97 Cr and satisfied charges of ₹223.13 Cr as per latest MCA filings.
Steel Hypermart India has 158 court cases on record: 122 filed by the company and 36 filed against it. 32 are pending. Most are in the district courts.
Steel Hypermart India was incorporated on 16 August 2004. It is registered with the Registrar of Companies, Bangalore.
Singhi Lalit Kumar ceased to be Director on 15 Jul 2015. Mahendra Kumar Singhi was appointed as Director on 16 Aug 2004. Suman Mahendra Kumar Singhi was appointed as Director on 16 Aug 2004.
The registered office of Steel Hypermart India is at Mannat # 21 A Nanjappa Road Shanthi Nagar, Bangalore, Karnataka, India – 560027.