About Century Appliances Limited
Data last updated:
Century Appliances Limited is a public limited company based in Aurangabad, Maharashtra, 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 12 June 1987.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH1987PLC043731. Its GSTIN is 27AAACR8636G1Z7 (Maharashtra). The company holds 9 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Century Appliances Private Limited and Rajkumar Engineering Private Limited. It is led by directors including Padmakar Nilkanth Chaudhari (Whole-Time Director) and Ankush Haribhau Darekar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Gat No. 82 Chitegaon Tq. Paithan Dist. Aurangabad Village Paithan, Maharashtra, India – 431107.
As per the financials filed for FY 2018, the company reported a revenue of ₹97.91 Cr, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹142.68 Cr (net margin -145.7%) and EBITDA of -₹105.85 Cr (EBITDA margin -108.1%).
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹24,887 Cr and satisfied charges of ₹5,594.7 Cr on record. Court records list 45 cases involving the company, including 12 filed by the company and 33 filed against it; 14 cases are pending. The company has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹13.64 Cr; the latest was in March 2016.
The last known website on record is centuryappliances.in.
Company details
Name history
Century Appliances has undergone 2 name changes throughout its history. The company was previously known as Century Appliances Private Limited, and Rajkumar Engineering Private Limited. The current legal name is Century Appliances Limited.
| Company Name | Status |
|---|---|
| Century Appliances Limited | Current |
| Century Appliances Private Limited | Previous |
| Rajkumar Engineering Private Limited | Previous |
CIN history
Century Appliances has one previous CIN (Corporate Identification Number): U74210MH1987PTC043731. The current CIN is U74210MH1987PLC043731, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74210MH1987PLC043731 | Current |
| U74210MH1987PTC043731 | Previous |
Contact details
Century Appliances Limited's registered office is in Aurangabad, Maharashtra. Its website is centuryappliances.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGat No. 82 Chitegaon Tq. Paithan Dist. Aurangabad Village Paithan, Maharashtra, India – 431107
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Century Appliances 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 Century 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 Century Appliances Limited, buy the company report.
Financials of Century Appliances Limited
FY 2018 filings availableCentury Appliances Limited reported revenue of ₹97.91 Cr (down 76% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 76% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹97.91 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹105.85 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹142.68 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -108.1% | |||
| Net Profit Margin | -145.7% | |||
| 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 Century Appliances Limited, buy the company report.
Board of directors of Century Appliances Limited
Century Appliances has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yashwant Singh | Additional Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
| Nitin Shinde | Additional Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
| Padmakar Nilkanth Chaudhari | Whole-Time Director | 02 Feb 2021 | 5 Years 9 Months | As last reported |
| Ankush Haribhau Darekar | Whole-Time Director | 04 Oct 2023 | 3 Years 1 Months | As last reported |
Auditor
Century Appliances Limited is audited by S Z DESHMUKH & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S Z DESHMUKH & CO | FY 2018 | 102380W |
Shareholding
The shareholding of Century Appliances Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Century Appliances Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2013 | 10414646 | Sbicap Trustee Company Limited | ₹20,195 Cr | Open | |
| 30 Apr 2012 | 10352232 | Icici Bank Limited | ₹650 Cr | Open | |
| 24 Apr 2012 | 10353427 | State Bank of India | ₹750 Cr | Open | |
| 18 Feb 2012 | 10337589 | Idbi Bank Limited | ₹3,025 Cr | Open | |
| 14 Jun 2011 | 10299358 | Others | ₹267 Cr | Open |
To see the full charge records of Century Appliances Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Century Appliances Limited has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹13.64 Cr; the latest was in March 2016.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Techno Kart India Limited , Sky Appliances Limited , Evans Fraser and Co. (India) Limited Seller: Shree Dhoot Trading and Agencies Ltd , India Refrigerator Company Limited, Videocon Realty And Infrastructures Limited |
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: India Refrigerator Company Limited Seller: Shree Dhoot Trading and Agencies Ltd |
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: Platinum Appliances Private Limited Seller: Dome-Bell Electronics India Private Limited |
| Jun 2011 | Funding round | ₹13.64 Cr | Investors: Shree Dhoot Trading and Agencies Ltd , Dome-Bell Electronics India Private Limited , Videocon Realty And Infrastructures Limited |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: Shree Dhoot Trading and Agencies Ltd Seller: 2 individuals |
To see the full deal history of Century Appliances Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Century Appliances Limited has 45 court cases on record: 12 filed by Century Appliances, 33 filed against it. 14 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 5 | 3 |
| NCLAT | 16 | 16 | 8 |
| Supreme Court | 7 | 7 | 2 |
| District courts | 5 | 5 | 1 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Gail (India) Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bank of Maharashtra | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Force Appliances Private Limited Ahmednagar and 2 others | Disposed |
To see the full case history of Century Appliances 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 Century Appliances Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Century Appliances Limited has a workforce of 15 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Century Appliances has 9 GST registrations: 4 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR8636G1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 08AAACR8636G1Z7 | Rajasthan | Active | 01 Jul 2017 |
| 21AAACR8636G1ZJ | Odisha | Active | 01 Jul 2017 |
| 22AAACR8636G1ZH | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Century Appliances Limited, buy the company report.
Recent activity
Century Appliances Limited has 19 board changes on record since 2008: 4 appointments and 15 cessations. The latest: Ankush Haribhau Darekar was appointed as Whole-Time Director on 04 Oct 2023.
45 earlier events are in the company report.
Frequently asked questions
Century 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.
Century Appliances is a company under insolvency, formerly operating as a public limited company based in Aurangabad, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 12 June 1987 and is registered under CIN U74210MH1987PLC043731. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Century Appliances has 4 current directors:
- Padmakar Nilkanth Chaudhari - Whole-Time Director
- Ankush Haribhau Darekar - Whole-Time Director
- Yashwant Singh - Additional Director
- Nitin Shinde - Additional Director
The latest financial statements of Century Appliances on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Century Appliances is U74210MH1987PLC043731. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Century Appliances has open charges of ₹24,887 Cr and satisfied charges of ₹5,594.7 Cr as per latest MCA filings.
Century Appliances has 45 court cases on record: 12 filed by the company and 33 filed against it. 14 are pending. Most are in the high courts.
Century Appliances was incorporated on 12 June 1987. It is registered with the Registrar of Companies, Mumbai.
Century Appliances has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹13.64 Cr; the latest was in March 2016.
Ankush Haribhau Darekar was appointed as Whole-Time Director on 04 Oct 2023. Nitin Shinde ceased to be Additional Director on 03 Aug 2021. Yashwant Singh ceased to be Additional Director on 03 Aug 2021. Century Appliances has 19 board changes on record in total.
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