Ag Appliances Private Limited
About Ag Appliances Private Limited
Data last updated:
Ag Appliances Private Limited is a private limited company based in Parwanoo, Himachal Pradesh, 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 manufacturing segment of the consumer electronics and durables sector. It was incorporated on 16 March 2004.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U31909HP2004PTC000620. Its GSTIN is 02AAECA6438K1ZR (Himachal Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Dinesh Kumar Sharma and Lalit Kumar Kawatra.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Second Floor Block No. 40 B – 3 Sector 6, Parwanoo, Himachal Pradesh, India – 173220.
As per the financials filed for FY 2019, the company reported a revenue of ₹35.75 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹23.59 Lakh (net margin 0.7%) and EBITDA of ₹89.04 Lakh (EBITDA margin 2.5%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.
As per MCA filings, the company has satisfied charges of ₹3.75 Cr on record. Court records list 12 cases involving the company, including 1 filed by the company and 11 filed against it; 1 case is pending.
Company details
CIN history
Ag Appliances has one previous CIN (Corporate Identification Number): U31909DL2004PTC125196. The current CIN is U31909HP2004PTC000620, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909HP2004PTC000620 | Current |
| U31909DL2004PTC125196 | Previous |
Contact details
Ag Appliances Private Limited's registered office is in Parwanoo, Himachal Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressSecond Floor Block No. 40 B – 3 Sector 6, Parwanoo, Himachal Pradesh, India – 173220
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Ag Appliances 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 Ag Appliances 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 Ag Appliances Private Limited, buy the company report.
Financials of Ag Appliances Private Limited
FY 2019 filings availableAg Appliances Private Limited reported revenue of ₹35.75 Cr (down 20% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 20% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 11% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹35.75 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹89.04 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.59 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.5% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Ag Appliances Private Limited, buy the company report.
Board of directors of Ag Appliances Private Limited
Ag Appliances has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Kumar Sharma | Director | 01 Nov 2004 | 21 Years 11 Months | As last reported |
| Lalit Kumar Kawatra | Director | 01 Jun 2005 | 21 Years 4 Months | As last reported |
Auditor
Ag Appliances Private Limited is audited by SURESH GAUR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURESH GAUR & ASSOCIATES | FY 2019 | 014071N |
Shareholding
The shareholding of Ag Appliances Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Ag Appliances Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Aug 2010 | 10241967 | Hdfc Bank Limited | ₹75 Lakh | Satisfied | |
| 23 Jun 2008 | 10109078 | Bibby Financial Services (India) Private Limited | ₹3 Cr | Satisfied |
To see the full charge records of Ag Appliances Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ag Appliances Private Limited has 12 court cases on record: 1 filed by Ag Appliances, 11 filed against it. 1 case is pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 9 | 1 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by RBL Bank Ltd | Pending |
| District court, Solan, Himachal Pradesh | Court case (Suit For Recovery) | Filed against the company by Icici Bank Ltd. | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by Micro Laminations Private Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Commercial matter | Filed against the company by Sahney Commutators Pvt. Ltd. | Disposed |
| District court, Solan, Himachal Pradesh | Civil miscellaneous application | Filed against the company by M/S Jai Kali Packagers | Disposed |
To see the full case history of Ag Appliances 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 Ag Appliances Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ag Appliances has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAECA6438K1ZR | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ag Appliances Private Limited, buy the company report.
Recent activity
Ag Appliances Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Lalit Kumar Kawatra was appointed as Director on 01 Jun 2005.
Frequently asked questions
Ag Appliances 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.
Ag Appliances is a company under insolvency, formerly operating as a private limited company based in Parwanoo, Himachal Pradesh, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 16 March 2004 and is registered under CIN U31909HP2004PTC000620. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ag Appliances has 2 current directors:
- Dinesh Kumar Sharma - Director
- Lalit Kumar Kawatra - Director
The latest financial statements of Ag Appliances on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ag Appliances is U31909HP2004PTC000620. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ag Appliances has no open charges and satisfied charges of ₹3.75 Cr as per latest MCA filings.
Ag Appliances has 12 court cases on record: 1 filed by the company and 11 filed against it. 1 is pending. Most are in the district courts.
Ag Appliances was incorporated on 16 March 2004. It is registered with the Registrar of Companies, Himachal Pradesh.
Lalit Kumar Kawatra was appointed as Director on 01 Jun 2005. Dinesh Kumar Sharma was appointed as Director on 01 Nov 2004.
The registered office of Ag Appliances is at Second Floor Block No. 40 B – 3 Sector 6, Parwanoo, Himachal Pradesh, India – 173220.