Accurate Transformers Limited
About Accurate Transformers Limited
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Accurate Transformers Limited is a public limited company based in Delhi, 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 power equipment manufacturers segment of the energy and power sector. It was incorporated on 18 April 1988.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1988PLC095092. The company has 5 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.97 Cr. It is led by directors including Subhash Chandra Sharma and Mohit Kumar.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 8 Local Shopping Centre 2nd Floor Vardhman Sidhant Plaza Savit, A Vihar, Delhi, India – 110092.
As per the financials filed for FY 2016, the company reported a revenue of ₹57.13 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹17.51 Cr (net margin -30.7%) and EBITDA of ₹12.97 Cr (EBITDA margin 22.7%).
As per MCA filings, the company has open charges of ₹728.78 Cr on record. Court records list 122 cases involving the company, including 26 filed by the company and 96 filed against it; 23 cases are pending.
Company details
Contact details
Accurate Transformers Limited's registered office is in Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address8 Local Shopping Centre 2nd Floor Vardhman Sidhant Plaza Savit, A Vihar, Delhi, India – 110092
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Accurate Transformers 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 Accurate Transformers is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Accurate Transformers Limited, buy the company report.
Financials of Accurate Transformers Limited
FY 2017 filings availableAccurate Transformers Limited reported revenue of ₹57.13 Cr (down 70% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 70% in the latest year. EBITDA fell 62% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹57.13 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹12.97 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹17.51 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 22.7% | |
| Net Profit Margin | -30.7% | |
| 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 Accurate Transformers Limited, buy the company report.
Board of directors and KMP of Accurate Transformers Limited
Accurate Transformers Limited currently reports 3 directors and 1 key managerial person. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Kumar Chhabra | Company Secretary | 07 Apr 2016 | 10 Years 6 Months | As last reported |
| Mohit Kumar | Additional Director | 16 Jan 2018 | 8 Years 9 Months | As last reported |
| Subhash Chandra Sharma | Director | 03 Sep 2010 | 16 Years 1 Months | As last reported |
| Kanta Devi Arya | Additional Director | 19 Oct 2015 | 11 Years 0 Months | As last reported |
Auditor
Accurate Transformers Limited is audited by SAMEER GROVER for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAMEER GROVER | FY 2016 |
Shareholding
The shareholding of Accurate Transformers Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Accurate Transformers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jul 2016 | 100043251 | Others | ₹5 Cr | Open | |
| 19 Nov 2012 | 10386603 | Electronica Finance Limited | ₹24.03 Lakh | Open | |
| 07 Apr 2012 | 10352508 | Bank of Maharashtra | ₹56 Cr | Open | |
| 01 Dec 2011 | 10319802 | Ifci Factors Limited | ₹15 Cr | Open | |
| 14 Nov 2011 | 10318173 | Small Industries Development Bank of India | ₹75 Lakh | Open |
To see the full charge records of Accurate Transformers Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Accurate Transformers Limited has 122 court cases on record: 26 filed by Accurate Transformers, 96 filed against it. 23 cases are pending and 99 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 76 | 71 | 18 |
| High courts | 39 | 18 | 5 |
| Supreme Court | 7 | 7 | 0 |
Cases on record (5 of 122)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by M/S Columbia Petro Chem Pvt Ltd | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Vardhaman Stampings Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Vardhaman Stampings Pvt. Ltd. | Disposed |
| High Court, CHHATTISGARH | Arbitration matter | Filed by the company against Chhattisgarh State Power Distribution Co. Ltd. | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Court case (Complaint Cases) | Filed against the company by Ifci Factors Limited | Disposed |
To see the full case history of Accurate Transformers 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 Accurate Transformers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Accurate Transformers has 5 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 Accurate Transformers Limited, buy the company report.
Recent activity
Accurate Transformers Limited has 20 board changes on record since 1988: 12 appointments and 8 cessations. The latest: Mohit Kumar was appointed as Additional Director on 16 Jan 2018.
31 earlier events are in the company report.
Frequently asked questions
Accurate Transformers 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.
Accurate Transformers is a company under liquidation, formerly operating as a public limited company based in Delhi, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 18 April 1988 and is registered under CIN L74899DL1988PLC095092. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Accurate Transformers has 4 current directors and KMP:
- Mohit Kumar - Additional Director
- Subhash Chandra Sharma - Director
- Kanta Devi Arya - Additional Director
- Vinod Kumar Chhabra - Company Secretary
The latest financial statements of Accurate Transformers on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Accurate Transformers is L74899DL1988PLC095092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Accurate Transformers is recorded as a listed company by MCA, but its shares were delisted from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
Accurate Transformers has open charges of ₹728.78 Cr and no satisfied charges on record as per latest MCA filings.
Accurate Transformers has 122 court cases on record: 26 filed by the company and 96 filed against it. 23 are pending. Most are in the district courts.
Accurate Transformers was incorporated on 18 April 1988. It is registered with the Registrar of Companies, Delhi.
Mohit Kumar was appointed as Additional Director on 16 Jan 2018. Nawal Jha Bedanand ceased to be Additional Director on 16 Jan 2018. Chedha Lal Sharma ceased to be Managing Director on 27 Sep 2016. Accurate Transformers has 20 board changes on record in total.