Bharat Oman Refineries Ltd - Due diligence report

A 360° intelligence report on Bharat Oman Refineries: trust score, financial health, credit view, compliance, directors, growth and distress…

1994-02-25 Bina, Madhya Pradesh Amalgamated Unlisted Active Compliant
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Bharat Oman Refineries — 360° Intelligence Report

Generated from MCA filings & public records
37/100
Trust Score
Caution Indicated

Bharat Oman Refineries is assessed as Caution Indicated with a Trust Score of 37/100. Bharat Oman Refineries is a public limited indian non-government company incorporated in 1994, operating in the Chemicals and Materials sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Bharat Oman Refineries Ltd snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Weak
Compliance › Caution

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreCaution Indicated
37/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 40/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 1.42).
  • Externally credit-rated (AA).

Charges position: 0 open (-) · 6 satisfied (5,157.11 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India4 48.0 cr
Sbicap Trustee Company Limited2 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Litigation present in 3 court forum(s).
  • Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
ABHAI RAJ SINGH BHANDARI 01234567 Director 01/04/2018 6 yrs Approved
ARUN KUMAR SINGH 01234567 Director 01/04/2018 6 yrs Approved
RAVITEJ VENKATA PAMARAJU 01234567 Director 01/04/2018 6 yrs Approved
MANGALA RADHAKRISHNA PRABHU 01234567 Director 01/04/2018 6 yrs Approved
SANJAY KHANNA 01234567 Director 01/04/2018 6 yrs Approved
Mr. Shubhendu Tewari 01234567 Director 01/04/2018 6 yrs Approved
SHUBHENDU TEWARI 01234567 Director 01/04/2018 6 yrs Approved
RAMAKRISHNA GUPTA VETSA 01234567 Director 01/04/2018 6 yrs Approved
ABHAI RAJ SINGH BHANDARI 01234567 Director 01/04/2018 6 yrs Approved
RADHAKRISHNAN SOUNDRAPANDIAN 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • SHUBHENDU TEWARI has DIN status "Disqualified by RoC u/s 164(2)".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2021)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2021 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Bharat Petroleum Corporation Limited
Subsidiaries
-
Group entities
-
Capital events
7 allotment(s) · 1 transfer(s)

Promoters hold a majority stake - exact percentages are part of the full report.

Group entityRelationship% held
Bharat Petroleum Corporation Limited Holding Company 74.00%

Key managerial personnel: ABHAI RAJ SINGH BHANDARI (CEO) · ABHAI RAJ SINGH BHANDARI (CEO) · RADHAKRISHNAN SOUNDRAPANDIAN (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 40
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (5/100).
MSME payment delays disclosed - latest outstanding 3.83 Lakh.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence25/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment27/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view42/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
03 Feb 2022
Director appointed
SANJAY KHANNA (Additional Director)
31 Dec 2021
Director ceased
PADMAKAR KAPPAGANTULA
26 Oct 2021
Securities allotted
10000 Debentures - 1,000.00 cr raised
20 Sep 2021
Director ceased
SANJAY KUMAR SHUKLA
08 Sep 2021
Director appointed
RADHAKRISHNAN SOUNDRAPANDIAN (CFO)
07 Sep 2021
Director ceased
MANOJ HEDA
13 Aug 2021
Director ceased
ARUN KUMAR SINGH
Director ceased
RAVITEJ VENKATA PAMARAJU
Director ceased
RAMAKRISHNA GUPTA VETSA
Last AGM held
Annual general meeting
06 Aug 2021
Director appointed
RAVITEJ VENKATA PAMARAJU (Director)
Director appointed
RAMAKRISHNA GUPTA VETSA (Director)
01 Aug 2021
Director appointed
ABHAI RAJ SINGH BHANDARI (CEO)
30 Jun 2021
Director ceased
SAID AHMED SAID AL MAHRUQI
31 Mar 2021
Latest balance sheet
Filed with ROC
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
All 6 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of AA from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 7 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Mark Lubes Private Limited U23209DL2011PTC225153 New Delhi, Delhi, India
Smokeless Fuels (India) Private Limited U23300JH1983PTC001828 Dhanbad, Jharkhand, India
Premier Lubricants Private Limited U23209MH1995PTC086617 Mumbai, Maharashtra, India
Shri Marooti (Special Smoke Less Fuel) Industries Private Limited U51109JH1989PTC003389 Dhanbad, Jharkhand, India
Apj Refineries Private Limited U50500KL2014PTC036010 Aluva, Kerala, India
Shivam Petrochemicals Private Limited U23200PB2000PTC023485 Sangrur, Punjab, India
S V Ispat Private Limited U27106PN2007PTC129735 Pune, Maharashtra, India
Ompl U40107KA2006GOI041258 Mangalore, Karnataka, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Bharat Oman Refineries before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Bharat Oman Refineries: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 60/100, margin trends, ownership structure and peer set for Bharat Oman Refineries - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 37/100, distress signals and MSME payment-delay disclosures - know whether Bharat Oman Refineries pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Bharat Oman Refineries - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Bharat Oman Refineries an active company?

Bharat Oman Refineries has MCA status “Amalgamated” with a compliance score of 5/100 (Caution Indicated).

Is Bharat Oman Refineries financially healthy?

Bharat Oman Refineries has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Bharat Oman Refineries?

Its overall Trust Score is 37/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Bharat Oman Refineries?

The ultimate holding entity is Bharat Petroleum Corporation Limited. 10 active director(s) are on record.

Does Bharat Oman Refineries have loans or charges against its assets?

No open charges - all 6 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Bharat Oman Refineries up to date with its ROC filings?

Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Bharat Oman Refineries?

Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.