About Diamond Power Transformers Limited
Data last updated:
Diamond Power Transformers Limited is a public limited company based in Vadodara, 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 power equipment manufacturers segment of the energy and power sector. It was incorporated on 28 December 2007.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31102GJ2007PLC052486. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹21.98 Cr. It is led by directors including Amit Suresh Bhatnagar (Managing Director) and Ashok Kumar Singh.
Its last annual general meeting (AGM) was held on 17 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 101/B/7 G I D C Estate Ranoli, Vadodara, Gujarat, India – 390350.
As per the financials filed for FY 2016, the company reported a revenue of ₹201.11 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹5.69 Cr (net margin -2.8%) and EBITDA of ₹5.15 Cr (EBITDA margin 2.6%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 5% over five years.
The company has about 72 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹395.6 Cr and satisfied charges of ₹20 Cr on record. Court records list 20 cases involving the company, including 7 filed by the company and 13 filed against it; 5 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹31.95 Cr; the latest was in January 2016.
The last known website on record is dicabs.com.
Company details
Contact details
Diamond Power Transformers Limited's registered office is in Vadodara, Gujarat. Its website is dicabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address101/B/7 G I D C Estate Ranoli, Vadodara, Gujarat, India – 390350
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Diamond Power Transformers 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
Financials of Diamond Power Transformers Limited
FY 2016 filings availableDiamond Power Transformers Limited reported revenue of ₹201.11 Cr (down 40% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 40% fall 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹201.11 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹5.15 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹5.69 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 | 2.6% | |
| Net Profit Margin | -2.8% | |
| 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 Diamond Power Transformers Limited, buy the company report.
Board of directors of Diamond Power Transformers Limited
Diamond Power Transformers has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Kumar Singh | Director | 24 Oct 2015 | 11 Years 0 Months | As last reported |
| Sumit Suresh Bhatnagar Also directs: Diamond Infosystems Limited, Diamond Power Transmission Private Limited, Diamond Projects Limited and 1 more | Director | 28 Dec 2007 | 18 Years 9 Months | As last reported |
| Jayramrao Chandravadan Marathe | Additional Director | 05 May 2017 | 9 Years 5 Months | As last reported |
| Amit Suresh Bhatnagar Also directs: Diamond Infosystems Limited, Diamond Power Transmission Private Limited, Diamond Projects Limited and 1 more | Managing Director | 28 Dec 2007 | 18 Years 9 Months | As last reported |
Shareholding
The shareholding of Diamond Power Transformers Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Diamond Power Transformers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 2013 | 10468970 | Axis Trustee Services Limited | ₹95 Cr | Open | |
| 30 Apr 2013 | 10423300 | Indian Overseas Bank | ₹5 Cr | Open | |
| 26 Apr 2013 | 10422640 | Indian Overseas Bank | ₹114.6 Cr | Open | |
| 29 Mar 2013 | 10420640 | Indian Overseas Bank | ₹5 Cr | Open | |
| 29 Mar 2013 | 10420637 | Indian Overseas Bank | ₹5 Cr | Open |
To see the full charge records of Diamond Power Transformers Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Diamond Power Transformers Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹31.95 Cr; the latest was in January 2016.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2016 | Funding round | ₹23.95 Cr | Investors: Diamond Power Transmission Private Limited |
| Mar 2011 | Funding round | ₹5 Cr | Investors: Diamond Power Infrastructure Limited |
| Mar 2008 | Funding round | ₹3 Cr | Investors: Diamond Power Infrastructure Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Diamond Power Infrastructure Limited , S N Bhatnagar HUF, 2 individuals Seller: Diamond Power Infrastructure Limited , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Diamond Power Transformers Limited has 20 court cases on record: 7 filed by Diamond Power Transformers, 13 filed against it. 5 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 8 | 4 |
| NCLT | 6 | 2 | 1 |
| High courts | 5 | 3 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Ravi Kapoor Liquidator of Accord Industries Limited | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S. Amba Shipping and Logistics Pvt. Ltd. THR. Prem Singh Bisht | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S. Amba Shipping and Logistics Pvt. Ltd. THR. Prem Singh Bisht | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Madhya Gujarat Vij Company Ltd | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Dakshin Gujarat Vij Co. Ltd. | Disposed |
To see the full case history of Diamond Power Transformers 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 Diamond Power Transformers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Diamond Power Transformers Limited has a workforce of 72 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Diamond Power Transformers 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 Diamond Power Transformers Limited, buy the company report.
Recent activity
Diamond Power Transformers Limited has 11 board changes on record since 2007: 4 appointments and 7 cessations. The latest: Ashok Kumar Singh ceased to be Director on 07 Jun 2018.
22 earlier events are in the company report.
News
Frequently asked questions
Diamond Power Transformers 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.
Diamond Power Transformers is a company under liquidation, formerly operating as a public limited company based in Vadodara, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 28 December 2007 and is registered under CIN U31102GJ2007PLC052486. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Diamond Power Transformers has 4 current directors:
- Amit Suresh Bhatnagar - Managing Director
- Ashok Kumar Singh - Director
- Sumit Suresh Bhatnagar - Director
- Jayramrao Chandravadan Marathe - Additional Director
The latest financial statements of Diamond Power Transformers on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 17 August 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Diamond Power Transformers is U31102GJ2007PLC052486. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Diamond Power Transformers has open charges of ₹395.6 Cr and satisfied charges of ₹20 Cr as per latest MCA filings.
Diamond Power Transformers has 20 court cases on record: 7 filed by the company and 13 filed against it. 5 are pending. Most are in the district courts.
Diamond Power Transformers was incorporated on 28 December 2007. It is registered with the Registrar of Companies, Ahmedabad.
Diamond Power Transformers has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹31.95 Cr; the latest was in January 2016.
Ashok Kumar Singh ceased to be Director on 07 Jun 2018. Jayramrao Chandravadan Marathe ceased to be Additional Director on 17 Apr 2018. Jayramrao Chandravadan Marathe was appointed as Additional Director on 05 May 2017. Diamond Power Transformers has 11 board changes on record in total.