Corporate Power Limited
About Corporate Power Limited
Data last updated:
Corporate Power Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Corporate Ispat Alloys Limited. 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 thermal power generation and plants segment of the energy and power sector. It was incorporated on 11 May 2006.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27106WB2006PLC150110. Its GSTIN is 20AACCC8871C1Z1 (Jharkhand).
The company has an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹1,428.63 Cr. It is led by directors including Manoj Kumar Jayaswal and Munnan Kumar Jaiswal.
Its last annual general meeting (AGM) was held on 26 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Fe – 83 Sector – III Salt Lake City Ground Floor, Kolkata, West Bengal, India – 700106.
As per the financials filed for FY 2017, the company reported a revenue of ₹5.57 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹656.71 Cr and EBITDA of -₹3.53 Lakh (EBITDA margin -63.4%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years.
As per MCA filings, the company has open charges of ₹4,924 Cr and satisfied charges of ₹203.5 Cr on record. Court records list 48 cases involving the company, including 15 filed by the company and 33 filed against it; 14 cases are pending. The company has 12 deals on record (6 secondary share transfers, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹611.75 Cr; the latest was in September 2017.
Company details
CIN history
Corporate Power has one previous CIN (Corporate Identification Number): U27106MH2006PLC161765. The current CIN is U27106WB2006PLC150110, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27106WB2006PLC150110 | Current |
| U27106MH2006PLC161765 | Previous |
Contact details
Corporate Power Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressFe – 83 Sector – III Salt Lake City Ground Floor, Kolkata, West Bengal, India – 700106
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Corporate Power 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 Corporate Power is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
Financials of Corporate Power Limited
FY 2017 filings availableCorporate Power Limited reported revenue of ₹5.57 Lakh (down 97% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 70% over three years, including a 97% fall in the latest year. EBITDA fell 102% 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 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹3.53 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹656.71 Cr | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -63.4% | ||
| Net Profit Margin | |||
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| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Corporate Power Limited, buy the company report.
Board of directors of Corporate Power Limited
Corporate Power has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Munnan Kumar Jaiswal Also directs: Abhijeet Power Limited, Abhijeet Angul Sambalpur Toll Road Limited, Jas Toll Road Company Limited and 5 more | Additional Director | 01 Oct 2015 | 11 Years 1 Months | As last reported |
| Bishal Jaiswal Also directs: Abhijeet Bihar Roadways Limited, Abhijeet Angul Sambalpur Toll Road Limited, Efficient Ventures Private Limited and 3 more | Additional Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
| Manoj Kumar Jayaswal Also directs: A M R Iron and Steel Private Limited, Abhijeet Power Limited, Aagam Vincom Private Limited and 1 more | Director | 11 May 2006 | 20 Years 5 Months | As last reported |
Auditor
Corporate Power Limited is audited by SRKN & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRKN & ASSOCIATES | FY 2015 | 015910C |
Shareholding
The shareholding of Corporate Power 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 Corporate Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Aug 2013 | 10449024 | State Bank of India | ₹93 Cr | Open | |
| 13 Aug 2012 | 10372559 | State Bank of Patiala | ₹75 Cr | Open | |
| 30 Jun 2011 | 10294933 | Sbicap Trustee Company Limited | ₹2,581 Cr | Open | |
| 23 Mar 2010 | 10226833 | Rural Electrification Corporation Limited | ₹2,175 Cr | Open | |
| 03 Apr 2010 | 10222048 | Axis Bank Limited | ₹44 Cr | Satisfied |
To see the full charge records of Corporate Power Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Corporate Power Limited has 12 deals on record (6 secondary share transfers, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹611.75 Cr; the latest was in September 2017.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Infrastructure Venture, 3 individuals Seller: Abhijeet Power Limited , 3 individuals |
| Sep 2012 | Rights issue | ₹816.38 Cr | Investors: Corporate Ispat Alloys Limited , Abhijeet Power Limited |
| Jan 2012 | Funding round | ₹219.78 Cr | Investors: Corporate Ispat Alloys Limited , Abhijeet Power Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Abhijeet Power Limited Seller: Abhijeet Infra Limited |
| Nov 2010 | Secondary share transfer | Undisclosed | Buyer: Corporate Ispat Alloys Limited , Abhijeet Power Limited Seller: Abhijeet Infra Limited & Corporate Ispat Alloys Limited, Abhijeet Infra Limited & Jas Toll Road Company Limited, Abhijeet Infra Limited & Jayaswal Ashoka Infrastructure Private Limited |
To see the full deal history of Corporate Power 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
Corporate Power Limited has 48 court cases on record: 15 filed by Corporate Power, 33 filed against it. 14 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 8 | 4 |
| District courts | 15 | 14 | 8 |
| Supreme Court | 4 | 4 | 0 |
| NCLAT | 4 | 4 | 2 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 48)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Commercial suit | Filed against the company by Bharat Heavy Electricals Ltd. | Pending |
| Bombay High Court | Court case (CAW) | Filed against the company by Bharat Heavy Electricals Limited, New Delhi THR. Its General Manager Mr. G.K. Hedaoo | Disposed |
| NCLT, Kolkata | Petition | Filed against the company by Bharat Heavy Electricals Limited | Disposed |
| Supreme Court | Court case (0-FOR JUDGEMENT) | Filed against the company by Asset Reconstruction Company (India) Limited Authorised Signatory Registered Office at the Ruby, 10Th Floor, 29, Senapati Bapat Marg, Dadar (West), Mumbai ,Mumbai , Maharashtra | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Bharat Heavy Electricals Limited, New Delhi THR. Its General Manager Mr. G.K. Hedaoo | Disposed |
To see the full case history of Corporate Power 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 Corporate Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Corporate Power Limited has 1 active EPFO establishment as of Apr 04, 2024.
GST
Corporate Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AACCC8871C1Z1 | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Corporate Power Limited, buy the company report.
Recent activity
Corporate Power Limited has 12 board changes on record since 2006: 3 appointments and 9 cessations. The latest: Munnan Kumar Jaiswal was appointed as Additional Director on 01 Oct 2015.
18 earlier events are in the company report.
Frequently asked questions
Corporate Power 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.
Corporate Power is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 11 May 2006 and is registered under CIN U27106WB2006PLC150110. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Corporate Power has 3 current directors:
- Munnan Kumar Jaiswal - Additional Director
- Bishal Jaiswal - Additional Director
- Manoj Kumar Jayaswal - Director
The latest financial statements of Corporate Power on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 26 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Corporate Power is U27106WB2006PLC150110. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Corporate Power has open charges of ₹4,924 Cr and satisfied charges of ₹203.5 Cr as per latest MCA filings.
Corporate Power has 48 court cases on record: 15 filed by the company and 33 filed against it. 14 are pending. Most are in the high courts.
Corporate Power was incorporated on 11 May 2006. It is registered with the Registrar of Companies, Kolkata.
Corporate Power has 12 deals on record (6 secondary share transfers, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹611.75 Cr; the latest was in September 2017.
Munnan Kumar Jaiswal was appointed as Additional Director on 01 Oct 2015. Shrirang Narayanrao Gaikwad ceased to be Nominee Director on 01 Oct 2015. Arun Gupta ceased to be Whole-Time Director on 31 Mar 2015. Corporate Power has 12 board changes on record in total.
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