About Cethar Limited
Data last updated:
Cethar Limited is a public limited company based in Thuraiyur, Tamil Nadu, 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 epc, bop and btg services segment of the energy and power sector. It was incorporated on 09 November 1981.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U28991TN1981PLC009067. Its GSTIN is 33AAACC2721M1ZY (Tamil Nadu). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹135 Cr and a paid-up capital of ₹88.91 Cr. It was formerly known as Cethar Vesells Limited and Cethar Vessels Limited. It is led by directors including Nagalapuram Kandasamy Pothiraaj (Managing Director) and Kandasamy Subburaj (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Trichy – Thuraiyur Main Road Peramangalam Village, Tamil Nadu, India – 621006.
As per the financials filed for FY 2016, the company reported a revenue of ₹404.33 Cr. For the same year it recorded a net loss of ₹240.33 Cr (net margin -59.4%) and EBITDA of -₹153.33 Cr (EBITDA margin -37.9%).
The company has about 3 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
As per MCA filings, the company has open charges of ₹6,739.65 Cr and satisfied charges of ₹155 Cr on record. Court records list 239 cases involving the company, including 80 filed by the company and 159 filed against it; 19 cases are pending. The company has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹401.7 Cr; the latest was in January 2014.
The last known website on record is cethar.com.
Company details
Name history
Cethar has undergone 3 name changes throughout its history. The company was previously known as Cethar Vesells Limited, Cethar Vessels Limited, and Cethar Vesells Private Limited. The current legal name is Cethar Limited.
| Company Name | Status |
|---|---|
| Cethar Limited | Current |
| Cethar Vesells Limited | Previous |
| Cethar Vessels Limited | Previous |
| Cethar Vesells Private Limited | Previous |
CIN history
Cethar has one previous CIN (Corporate Identification Number): U28991TN1981PTC009067. The current CIN is U28991TN1981PLC009067, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28991TN1981PLC009067 | Current |
| U28991TN1981PTC009067 | Previous |
Contact details
Cethar Limited's registered office is in Thuraiyur, Tamil Nadu. Its website is cethar.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressTrichy – Thuraiyur Main Road Peramangalam Village, Tamil Nadu, India – 621006
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Cethar 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 Cethar is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Cethar Limited, buy the company report.
Financials of Cethar Limited
FY 2016 filings availableCethar Limited reported revenue of ₹404.33 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹404.33 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹153.33 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹240.33 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 | -37.9% | |
| Net Profit Margin | -59.4% | |
| 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 Cethar Limited, buy the company report.
Board of directors of Cethar Limited
Cethar has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Somasundaram Kanagaraj | Director | 21 Jan 2017 | 9 Years 9 Months | As last reported |
| Kandasamy Subburaj Also directs: Cethar Consultancy Services Limited, Cethar Industries Limited | Whole-Time Director | 16 Sep 1989 | 37 Years 1 Months | As last reported |
| Nagalapuram Kandasamy Pothiraaj Also directs: Cethar Consultancy Services Limited | Managing Director | 01 Apr 2010 | 16 Years 6 Months | As last reported |
Auditor
Cethar Limited is audited by SURI & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURI & CO | FY 2016 | 004283S |
Shareholding
The shareholding of Cethar Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Cethar Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2017 | 100115536 | Others | ₹2.54 Cr | Open | |
| 18 Nov 2016 | 100062610 | Indian Overseas Bank | ₹5.3 Cr | Open | |
| 29 Sep 2016 | 100052410 | Indian Overseas Bank | ₹5.3 Cr | Open | |
| 27 Mar 2015 | 10558978 | Icici Bank Limited | ₹81.89 Cr | Open | |
| 30 Jun 2014 | 10521048 | Federal Bank | ₹95 Lakh | Open |
To see the full charge records of Cethar Limited, buy the company report.
Total charge records: 58 View all charges
Deals & funding
Cethar Limited has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹401.7 Cr; the latest was in January 2014.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2010 | Funding round | ₹370 Cr | Investors: Baring Private Equity Partners India |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: Baring Private Equity Partners India Seller: an individual |
| Aug 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Cethar 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
Cethar Limited has 239 court cases on record: 80 filed by Cethar, 159 filed against it. 19 cases are pending and 220 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 165 | 98 | 15 |
| District courts | 53 | 45 | 3 |
| NCLT | 8 | 7 | 0 |
| NCLAT | 7 | 7 | 1 |
| Supreme Court | 6 | 2 | 0 |
Cases on record (5 of 239)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Sarda Energy and Minerals Ltd | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Winwind Power Energy Pvt Ltd | Pending |
| High Court | Appeal | Filed against the company by Excel Maritime and Movers Pvt Ltd Managing Director Muruganandam M/S.J.Chandran | Disposed |
| High Court | Appeal | Filed by the company against Excel Maritime and Movers Pvt Ltd and 1 other | Disposed |
| District court, Coimbatore, Tamil Nadu | Court case (COS) | Filed against the company by Lakshmi Ring Travellers | Disposed |
To see the full case history of Cethar 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 Cethar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Cethar has 8 subsidiary companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Cethar Electricals Limited | U40100TN2008PLC067673 | |
| Cethar Electricals Limited | U40100TN2008PLC067673 | |
| Cethar Energy Limited | U40109TN2006PLC059441 | |
| Cethar Energy Limited | U40109TN2006PLC059441 | |
| Cethar Constructions Limited | U45203TN2008PLC067668 | |
| Cethar Constructions Limited | U45203TN2008PLC067668 |
To see the full group structure of Cethar Limited, buy the company report.
Employees & EPFO
Cethar Limited has a workforce of 3 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Cethar has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACC2721M1ZY | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cethar Limited, buy the company report.
Recent activity
Cethar Limited has 22 board changes on record since 1989: 3 appointments and 19 cessations. The latest: Somasundaram Kanagaraj was appointed as Director on 21 Jan 2017.
101 earlier events are in the company report.
Frequently asked questions
Cethar 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.
Cethar is a company under liquidation, formerly operating as a public limited company based in Thuraiyur, Tamil Nadu, India. The company works in power epc, bop and btg services, within the energy and power industry. It was incorporated on 09 November 1981 and is registered under CIN U28991TN1981PLC009067. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Cethar has 3 current directors:
- Nagalapuram Kandasamy Pothiraaj - Managing Director
- Kandasamy Subburaj - Whole-Time Director
- Somasundaram Kanagaraj - Director
The latest financial statements of Cethar on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 19 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Cethar is U28991TN1981PLC009067. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cethar has open charges of ₹6,739.65 Cr and satisfied charges of ₹155 Cr as per latest MCA filings.
Cethar has 239 court cases on record: 80 filed by the company and 159 filed against it. 19 are pending. Most are in the high courts.
Cethar was incorporated on 09 November 1981. It is registered with the Registrar of Companies, Chennai.
Cethar has 7 deals on record (5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹401.7 Cr; the latest was in January 2014.
Somasundaram Kanagaraj was appointed as Director on 21 Jan 2017. Sridhar Harish Kumar ceased to be Director on 21 Jan 2017. Kulandaiah Thambithurai ceased to be Director on 06 Apr 2016. Cethar has 22 board changes on record in total.