About Champion Agro Limited
Data last updated:
Champion Agro Limited is a public limited company based in Rajkot, Gujarat, 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 agricultural support and advisory segment of the agriculture sector. It was incorporated on 26 July 1994.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ1994PLC022605. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹8.71 Cr. It was formerly known as Magnetic Electrical Private Limited and Magnetic Industries Limited. It is led by directors including Jitendrakumar Ghusabhai Hirpara (Managing Director) and Dhirajlal Ghusabhai Hirpara (Managing Director).
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at S No 217 Paiki Plot No 2 National Highway Veraval Shapar Tal – Kotdasangani, Rajkot, Gujarat, India.
The company is associated with 1 brand: Champion Agro. As per MCA filings, the company has open charges of ₹289.06 Cr and satisfied charges of ₹17.36 Cr on record. Court records list 107 cases involving the company, including 20 filed by the company and 87 filed against it; 24 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹28.98 Cr; the latest was in March 2014.
The last known website on record is championagro.com.
Company details
Name history
Champion Agro has undergone 2 name changes throughout its history. The company was previously known as Magnetic Electrical Private Limited, and Magnetic Industries Limited. The current legal name is Champion Agro Limited.
| Company Name | Status |
|---|---|
| Champion Agro Limited | Current |
| Magnetic Electrical Private Limited | Previous |
| Magnetic Industries Limited | Previous |
Contact details
Champion Agro Limited's registered office is in Rajkot, Gujarat. Its website is championagro.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS No 217 Paiki Plot No 2 National Highway Veraval Shapar Tal – Kotdasangani, Rajkot, Gujarat, India
- IndustryAgriculture, Agri Support Services
To see the full contact details of Champion Agro 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
Brands
Champion Agro operates one associated brand: Champion Agro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures agricultural water pumps | championagro.com |
Financials of Champion Agro Limited
FY 2017 filings availableFinancial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | |||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | |||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| 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 Champion Agro Limited, buy the company report.
Board of directors of Champion Agro Limited
Champion Agro has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Tewary Vishwakant | Irp/Rp/Liquidator | 23 Feb 2024 | 2 Years 8 Months | As last reported |
| Jitendrakumar Ghusabhai Hirpara | Managing Director | 27 Jul 2003 | 23 Years 3 Months | As last reported |
| Dhirajlal Ghusabhai Hirpara | Managing Director | 26 Jul 1994 | 32 Years 3 Months | As last reported |
| Rajshree Rameshbhai Banker | Director | 01 Oct 2016 | 10 Years 1 Months | As last reported |
Auditor
Champion Agro Limited is audited by BAKUL V GANATRA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BAKUL V GANATRA & CO | FY 2017 | 100915W |
Shareholding
The shareholding of Champion Agro Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Champion Agro Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 May 2014 | 10518300 | Il&Fs Financial Services Limited | ₹40 Cr | Open | |
| 27 Sep 2012 | 10377792 | Axis Bank Limited | ₹9.85 Cr | Open | |
| 13 Dec 2011 | 10322083 | Small Industries Development Bank of India | ₹10 Cr | Open | |
| 20 Jul 2011 | 10301332 | Dhanlaxmi Bank Limitd | ₹20 Cr | Open | |
| 29 Sep 2009 | 10186346 | Idbi Bank Limited | ₹55 Cr | Open |
To see the full charge records of Champion Agro Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Champion Agro Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹28.98 Cr; the latest was in March 2014.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Il&Fs Financial Services Limited Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2007 | Funding round | ₹5.96 Cr | Investors: 4 individuals |
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Sep 2000 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Champion Agro 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
Champion Agro Limited has 107 court cases on record: 20 filed by Champion Agro, 87 filed against it. 24 cases are pending and 83 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 81 | 76 | 20 |
| High courts | 16 | 7 | 4 |
| NCLT | 10 | 4 | 0 |
Cases on record (5 of 107)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Court case (CR A) | Filed by the company against Idbi Bank Ltd and 1 other | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Axis Bank Ltd and 4 others | Pending |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Bay Capital Advisors Private Limited | Disposed |
| High Court, MAHARASHTRA | Court case (APP) | Filed against the company by Bay Capital Advisors Pvt. Ltd. (Formerly Known As Indus Equicap Consultancy) | Disposed |
| District court, RAJKOT, Gujarat | Criminal miscellaneous application | Filed against the company by Capital First Ltd | Disposed |
To see the full case history of Champion Agro 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 Champion Agro Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Champion Agro has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Champion Agro Limited, buy the company report.
Recent activity
Champion Agro Limited has 12 board changes on record since 1994: 4 appointments and 8 cessations. The latest: Sushil Tewary Vishwakant was appointed as Irp/Rp/Liquidator on 23 Feb 2024.
19 earlier events are in the company report.
Frequently asked questions
Champion Agro 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.
Champion Agro is a company under liquidation, formerly operating as a public limited company based in Rajkot, Gujarat, India. The company works in agri support services, within the agriculture industry. It was incorporated on 26 July 1994 and is registered under CIN U31909GJ1994PLC022605. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Champion Agro has 4 current directors:
- Jitendrakumar Ghusabhai Hirpara - Managing Director
- Dhirajlal Ghusabhai Hirpara - Managing Director
- Rajshree Rameshbhai Banker - Director
- Sushil Tewary Vishwakant - Irp/Rp/Liquidator
The latest financial statements of Champion Agro on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Champion Agro is U31909GJ1994PLC022605. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Champion Agro has open charges of ₹289.06 Cr and satisfied charges of ₹17.36 Cr as per latest MCA filings.
Champion Agro has 107 court cases on record: 20 filed by the company and 87 filed against it. 24 are pending. Most are in the district courts.
Champion Agro was incorporated on 26 July 1994. It is registered with the Registrar of Companies, Ahmedabad.
Champion Agro has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹28.98 Cr; the latest was in March 2014.
Sushil Tewary Vishwakant was appointed as Irp/Rp/Liquidator on 23 Feb 2024. Dharmesh Prafulbhai Trivedi ceased to be Director on 01 Oct 2016. Rajshree Rameshbhai Banker was appointed as Director on 01 Oct 2016. Champion Agro has 12 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
