Epc Offshore Subsea Projects Limited
About Epc Offshore Subsea Projects Limited
Data last updated:
Epc Offshore Subsea Projects Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Epc Constructions India 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 marine and naval engineering segment of the engineering sector. It was incorporated on 19 February 2008.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U11101MH2008PLC179089. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹16.88 Cr. It was formerly known as Ultra Offshore Subsea Projects India Limited and Ultra Offshore Subsea Projects Limited. It is led by directors including Deepak Sachdeva (Whole-Time Director) and Venkatesan Venkataramansinganallur.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 1st Floor Tower 2 Equinox Business Park Lbs Marg Kurla (West), Mumbai, Maharashtra, India – 400070.
As per the financials filed for FY 2017, the company reported a revenue of ₹97.58 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net loss of ₹85.73 Cr (net margin -87.9%) and EBITDA of -₹3.89 Cr (EBITDA margin -4%).
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,306.53 Cr and satisfied charges of ₹1,686.09 Cr on record. Court records list 45 cases involving the company, including 2 filed by the company and 43 filed against it; 2 cases are pending.
Company details
Name history
Epc Offshore Subsea Projects has undergone 6 name changes throughout its history. The current legal name is Epc Offshore Subsea Projects Limited.
| Company Name | Status |
|---|---|
| Epc Offshore Subsea Projects Limited | Current |
| Ultra Offshore Subsea Projects India Limited | Previous |
| Ultra Offshore Subsea Projects Limited | Previous |
| Ultra Offshore Subsea Limited | Previous |
| Ultra Offshore Subsea Constructions Limited | Previous |
| Essar Offshore Subsea Limited | Previous |
| Ultra Offshore Subsea India Limited | Previous |
Contact details
Epc Offshore Subsea Projects Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor Tower 2 Equinox Business Park Lbs Marg Kurla (West), Mumbai, Maharashtra, India – 400070
- IndustryEngineering, Marine & Naval Engineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Epc Offshore Subsea Projects 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 Epc Offshore Subsea Projects is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Epc Offshore Subsea Projects Limited, buy the company report.
Financials of Epc Offshore Subsea Projects Limited
FY 2016 filings availableEpc Offshore Subsea Projects Limited reported revenue of ₹97.58 Cr (down 20% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 20% in the latest year. EBITDA rose 80% 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 | -₹3.89 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹85.73 Cr | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -4% | ||
| Net Profit Margin | -87.9% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Epc Offshore Subsea Projects Limited, buy the company report.
Board of directors of Epc Offshore Subsea Projects Limited
Epc Offshore Subsea Projects has 4 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesan Venkataramansinganallur | Director | 21 Mar 2015 | 11 Years 7 Months | As last reported |
| Neelam Kapoor | Director | 31 Jul 2017 | 9 Years 2 Months | As last reported |
| Deepak Sachdeva | Whole-Time Director | 03 Apr 2018 | 8 Years 6 Months | As last reported |
| Rajkumar Sukhdevsinhji | Director | 10 Nov 2016 | 9 Years 11 Months | As last reported |
Auditor
Epc Offshore Subsea Projects Limited is audited by CNK & Associates LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNK & Associates LLP | FY 2016 | 101961W |
Shareholding
The shareholding of Epc Offshore Subsea Projects 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 Epc Offshore Subsea Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2017 | 100104871 | Others | ₹531.53 Cr | Open | |
| 13 Jul 2016 | 100072406 | Others | ₹300 Cr | Open | |
| 05 Dec 2014 | 10540248 | Yes Bank Limited | ₹75 Cr | Open | |
| 07 Feb 2014 | 10484696 | Yes Bank Limited | ₹400 Cr | Open | |
| 05 Dec 2014 | 10539802 | Yes Bank Limited | ₹225 Cr | Satisfied |
To see the full charge records of Epc Offshore Subsea Projects Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Epc Offshore Subsea Projects Limited has 45 court cases on record: 2 filed by Epc Offshore Subsea Projects, 43 filed against it. 2 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 36 | 34 | 2 |
| District courts | 7 | 7 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Idbi Bank Limited | Disposed |
| NCLT, Ahmedabad | Court case (Rst.A(CompaniesAct)) | Filed against the company by Arcelormittal Nippon Steel India Pvt Ltd | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by The Resolution Professional for Essar Steel India Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by Royal Gen Com Services Pvt Ltd | Disposed |
| Bombay High Court | Court case (CARAP) | Filed against the company by Dolphin Offshore Enterprises (India) Limited | Disposed |
To see the full case history of Epc Offshore Subsea Projects 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 Epc Offshore Subsea Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Epc Offshore Subsea Projects Limited has a workforce of 5 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Epc Offshore Subsea Projects 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 Epc Offshore Subsea Projects Limited, buy the company report.
Recent activity
Epc Offshore Subsea Projects Limited has 23 board changes on record since 2009: 4 appointments and 19 cessations. The latest: Amarnath Vaikunthraju Adaluru ceased to be Whole-Time Director on 03 Apr 2018.
41 earlier events are in the company report.
Frequently asked questions
Epc Offshore Subsea Projects 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.
Epc Offshore Subsea Projects is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in marine and naval engineering, within the engineering industry. It was incorporated on 19 February 2008 and is registered under CIN U11101MH2008PLC179089. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Epc Offshore Subsea Projects has 4 current directors:
- Deepak Sachdeva - Whole-Time Director
- Venkatesan Venkataramansinganallur - Director
- Neelam Kapoor - Director
- Rajkumar Sukhdevsinhji - Director
The latest financial statements of Epc Offshore Subsea Projects on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Epc Offshore Subsea Projects is U11101MH2008PLC179089. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Epc Offshore Subsea Projects has open charges of ₹1,306.53 Cr and satisfied charges of ₹1,686.09 Cr as per latest MCA filings.
Epc Offshore Subsea Projects has 45 court cases on record: 2 filed by the company and 43 filed against it. 2 are pending. Most are in the high courts.
Epc Offshore Subsea Projects was incorporated on 19 February 2008. It is registered with the Registrar of Companies, Mumbai.
Amarnath Vaikunthraju Adaluru ceased to be Whole-Time Director on 03 Apr 2018. Deepak Sachdeva was appointed as Whole-Time Director on 03 Apr 2018. Deepak Sachdeva ceased to be Additional Director on 03 Apr 2018. Epc Offshore Subsea Projects has 23 board changes on record in total.
The registered office of Epc Offshore Subsea Projects is at 1st Floor Tower 2 Equinox Business Park Lbs Marg Kurla West, Mumbai, Maharashtra, India – 400070.