About Chandra Proteco Limited
Data last updated:
Chandra Proteco Limited is a public limited company based in Kolkata, West Bengal, 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 metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 14 December 2004.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27109WB2004PLC100708. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹15.04 Cr. It is led by directors including Mukul Gupta (Managing Director) and Aparna Gupta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 165 Rabindra Sarani Room No. 405A, Kolkata, West Bengal, India – 700007.
As per the financials filed for FY 2017, the company reported a revenue of ₹20.56 Lakh, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹43.28 Cr and EBITDA of -₹43.27 Cr.
As per MCA filings, the company has open charges of ₹434.81 Cr and satisfied charges of ₹114.26 Cr on record. Court records list 32 cases involving the company, including 10 filed by the company and 22 filed against it; 3 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹52.56 Cr; the latest was in March 2017.
The last known website on record is chandra-group.com.
Company details
CIN history
Chandra Proteco has one previous CIN (Corporate Identification Number): U27109WB2004PTC100708. The current CIN is U27109WB2004PLC100708, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109WB2004PLC100708 | Current |
| U27109WB2004PTC100708 | Previous |
Contact details
Chandra Proteco Limited's registered office is in Kolkata, West Bengal. Its website is chandra-group.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address165 Rabindra Sarani Room No. 405A, Kolkata, West Bengal, India – 700007
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Chandra Proteco 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 Chandra Proteco is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Chandra Proteco Limited, buy the company report.
Financials of Chandra Proteco Limited
FY 2017 filings availableChandra Proteco Limited reported revenue of ₹20.56 Lakh (down 2% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year. EBITDA fell 45% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹43.27 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹43.28 Cr | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
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| EBITDA Margin | |||
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| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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| Receivable Days | |||
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| Net Profit Growth | |||
To see the full financial statements and ratios of Chandra Proteco Limited, buy the company report.
Board of directors of Chandra Proteco Limited
Chandra Proteco has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aparna Gupta Also directs: Abhiruchi Ispat Trader Private Limited, Hari Vyapaar Pvt Ltd, Pragati Dealcomm Private Limited and 5 more | Whole-Time Director | 14 Dec 2004 | 21 Years 10 Months | As last reported |
| Mukul Gupta Also directs: Abhiruchi Ispat Trader Private Limited, Hari Vyapaar Pvt Ltd, Vision Commotrade Private Limited and 5 more | Managing Director | 14 Dec 2006 | 19 Years 10 Months | As last reported |
| Naveen Khatri | Director | 20 Sep 2016 | 10 Years 1 Months | As last reported |
Auditor
Chandra Proteco Limited is audited by Ashwini S. Agrawal & Associates for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashwini S. Agrawal & Associates | FY 2016 |
Shareholding
The shareholding of Chandra Proteco 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 Chandra Proteco Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2013 | 10552290 | Bank of Maharashtra | ₹60 Cr | Open | |
| 25 Mar 2013 | 10420645 | Allahabad Bank | ₹44.25 Cr | Open | |
| 31 Dec 2012 | 10399705 | Andhra Bank | ₹5 Cr | Open | |
| 17 Sep 2011 | 10316398 | Bank of India | ₹6 Cr | Open | |
| 17 Sep 2011 | 10316414 | Bank of India | ₹10 Cr | Open |
To see the full charge records of Chandra Proteco Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Chandra Proteco Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹52.56 Cr; the latest was in March 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Pragati Dealcomm Private Limited , Virtuous Holdings Private Limited , Vision Commotrade Private Limited Seller: Vedik Holdings Pvt Ltd |
| Mar 2011 | Funding round | ₹21.77 Cr | Investors: Winning Colours Pte. Ltd., Vedik Holdings Pvt Ltd , Datum Securities Limited |
| Mar 2010 | Funding round | ₹22.03 Cr | Investors: Winning Colours Pte. Ltd., Virtuous Holdings Private Limited , Datum Securities Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Virtuous Holdings Private Limited , 3 individuals Seller: Chandra Metals Private Limited , an individual |
| Mar 2007 | Funding round | ₹8.75 Cr | Investors: Datum Securities Limited , Chandra Metals Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Chandra Proteco Limited has 32 court cases on record: 10 filed by Chandra Proteco, 22 filed against it. 3 cases are pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 17 | 0 |
| High courts | 12 | 5 | 3 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Company petition | Filed by the company against L & T Finance Ltd | Pending |
| District court, Silvassa, DNH at Silvasa | Commercial suit | Filed against the company by Associated Road Carriers Ltd | Disposed |
| District court, Bhopal, Madhya Pradesh | Court case (UN CR) | Filed against the company by Bharat Heavy Electricals Limited, Bhopal Thorough Vineet Suman | Disposed |
| District court, Indore, Madhya Pradesh | Court case (COMMS) | Filed against the company by Sanghi Brothers (Indore) Pvt. Ltd. Trough Raveesh Bafna | Disposed |
| District court, Silvassa, DNH at Silvasa | Court case (Spl. C. S.) | Filed against the company by Associated Road Carriers Ltd Through Its Constituted Attorney Lyju Antony | Disposed |
To see the full case history of Chandra Proteco 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 Chandra Proteco Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Chandra Proteco has 3 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 Chandra Proteco Limited, buy the company report.
Recent activity
Chandra Proteco Limited has 9 board changes on record since 2004: 3 appointments and 6 cessations. The latest: Akhilesh Kumar Ramsharan Tiwari ceased to be Additional Director on 21 Sep 2016.
20 earlier events are in the company report.
Frequently asked questions
Chandra Proteco 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.
Chandra Proteco is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 14 December 2004 and is registered under CIN U27109WB2004PLC100708. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Chandra Proteco has 3 current directors:
- Mukul Gupta - Managing Director
- Aparna Gupta - Whole-Time Director
- Naveen Khatri - Director
The latest financial statements of Chandra Proteco on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Chandra Proteco is U27109WB2004PLC100708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chandra Proteco has open charges of ₹434.81 Cr and satisfied charges of ₹114.26 Cr as per latest MCA filings.
Chandra Proteco has 32 court cases on record: 10 filed by the company and 22 filed against it. 3 are pending. Most are in the district courts.
Chandra Proteco was incorporated on 14 December 2004. It is registered with the Registrar of Companies, Kolkata.
Chandra Proteco has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹52.56 Cr; the latest was in March 2017.
Akhilesh Kumar Ramsharan Tiwari ceased to be Additional Director on 21 Sep 2016. Naveen Khatri was appointed as Director on 20 Sep 2016. Jagdish Kumar Kesarwani ceased to be Whole-Time Director on 04 Aug 2014. Chandra Proteco has 9 board changes on record in total.
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