Euro-Solo Energy Systems Private Limited
About Euro-Solo Energy Systems Private Limited
Data last updated:
Euro-Solo Energy Systems Private Limited is a private limited company based in Kharghar, Maharashtra, 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 engineering components retail and distribution segment of the engineering sector. It was incorporated on 29 October 2004.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31400MH2004PTC149319. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹3.43 Cr. It is led by directors Laxmichand Kunvarji Savla and Nemji Kanji Chheda.
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 Fl – 201 Shivkrupa Chs Plot No – 140 Sector – 10, Kharghar, Maharashtra, India – 410210.
As per the financials filed for FY 2016, the company reported a revenue of ₹10.03 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.68 Cr (net margin 46.7%) and EBITDA of ₹4.8 Cr (EBITDA margin 47.9%).
As per MCA filings, the company has open charges of ₹132.25 Cr on record. Court records list 8 cases involving the company, including 8 filed against it; 1 case is pending.
Company details
CIN history
Euro-Solo Energy Systems has one previous CIN (Corporate Identification Number): U31400MH2004PLC149319. The current CIN is U31400MH2004PTC149319, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31400MH2004PTC149319 | Current |
| U31400MH2004PLC149319 | Previous |
Contact details
Euro-Solo Energy Systems Private Limited's registered office is in Kharghar, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFl – 201 Shivkrupa Chs Plot No – 140 Sector – 10, Kharghar, Maharashtra, India – 410210
- IndustryEngineering, Engineering Components Retail & Distribution
To see the full contact details of Euro-Solo Energy Systems Private 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 Euro-Solo Energy Systems is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Euro-Solo Energy Systems Private Limited, buy the company report.
Financials of Euro-Solo Energy Systems Private Limited
FY 2016 filings availableEuro-Solo Energy Systems Private Limited reported revenue of ₹10.03 Cr (up 8944% YoY) for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹10.03 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹4.8 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹4.68 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 | 47.9% | |
| Net Profit Margin | 46.7% | |
| 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 Euro-Solo Energy Systems Private Limited, buy the company report.
Board of directors of Euro-Solo Energy Systems Private Limited
Euro-Solo Energy Systems has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Laxmichand Kunvarji Savla | Director | 11 Feb 2013 | 13 Years 8 Months | As last reported |
| Nemji Kanji Chheda | Director | 11 Feb 2013 | 13 Years 8 Months | As last reported |
Auditor
Euro-Solo Energy Systems Private Limited is audited by R VIJAYAN & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R VIJAYAN & CO | FY 2016 | 111444W |
Shareholding
The shareholding of Euro-Solo Energy Systems Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Euro-Solo Energy Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Dec 2009 | 10199926 | Dy. Director of Industries | ₹30 Lakh | Open | |
| 25 Sep 2009 | 10182049 | The Cosmos Co-Op Bank Ltd | ₹2 Cr | Open | |
| 01 Dec 2008 | 10134331 | The Cosmos Co-Op Bank Ltd | ₹2 Cr | Open | |
| 28 Sep 2007 | 10110237 | The Cosmos Co-Operative Bank Ltd. | ₹24 Cr | Open | |
| 12 Mar 2007 | 10043943 | State Bank of India | ₹28.5 Cr | Open |
To see the full charge records of Euro-Solo Energy Systems Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Euro-Solo Energy Systems Private Limited has 8 court cases on record: 8 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 1 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by an individual | Pending |
| Bombay High Court | Appeal | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by an individual | Disposed |
| Bombay High Court | Company petition | Filed against the company by an individual | Disposed |
| District court, Varanasi, Uttar Pradesh | Court case (Original Suit) | Filed against the company by an individual | Disposed |
To see the full case history of Euro-Solo Energy Systems Private 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 Euro-Solo Energy Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Euro-Solo Energy Systems Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Euro-Solo Energy Systems has 4 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 Euro-Solo Energy Systems Private Limited, buy the company report.
Recent activity
Euro-Solo Energy Systems Private Limited has 14 board changes on record since 2007: 2 appointments and 12 cessations. The latest: Laxmichand Kunvarji Savla ceased to be Additional Director on 30 Sep 2013.
13 earlier events are in the company report.
Frequently asked questions
Euro-Solo Energy Systems 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.
Euro-Solo Energy Systems is a company under liquidation, formerly operating as a private limited company based in Kharghar, Maharashtra, India. The company works in engineering components retail and distribution, within the engineering industry. It was incorporated on 29 October 2004 and is registered under CIN U31400MH2004PTC149319. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Euro-Solo Energy Systems has 2 current directors:
- Laxmichand Kunvarji Savla - Director
- Nemji Kanji Chheda - Director
The latest financial statements of Euro-Solo Energy Systems 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 Euro-Solo Energy Systems is U31400MH2004PTC149319. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Euro-Solo Energy Systems has open charges of ₹132.25 Cr and no satisfied charges on record as per latest MCA filings.
Euro-Solo Energy Systems has 8 court cases on record: 8 filed against it. 1 is pending. Most are in the district courts.
Euro-Solo Energy Systems was incorporated on 29 October 2004. It is registered with the Registrar of Companies, Mumbai.
Laxmichand Kunvarji Savla ceased to be Additional Director on 30 Sep 2013. Nemji Kanji Chheda ceased to be Additional Director on 30 Sep 2013. Dhaval Shah Shantilal ceased to be Director on 15 Feb 2013. Euro-Solo Energy Systems has 14 board changes on record in total.
The registered office of Euro-Solo Energy Systems is at Fl – 201 Shivkrupa Chs Plot No – 140 Sector – 10, Kharghar, Maharashtra, India – 410210.
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