About Evans Fraser and Co. (India) Limited
Data last updated:
Evans Fraser and Co. (India) Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 23 April 1947.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1947PLC005708. Its GSTIN is 27AAACE1621J1ZY (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Ravindrakumar Ved Prakash Mittal and Yashwant Singh.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 172 Floor 17th Plot – 224 B Wing Mittal Court Jamnalal Bajaj Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2016, the company reported a revenue of ₹46.48 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹62.01 Cr (net margin -133.4%) and EBITDA of ₹60.78 Lakh (EBITDA margin 1.3%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 9% over five years.
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹25,586 Cr and satisfied charges of ₹7,526 Cr on record. Court records list 44 cases involving the company, including 6 filed by the company and 38 filed against it; 16 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹4.85 Cr; the latest was in March 2016.
The last known website on record is evansfraser.com.
Company details
CIN history
Evans Fraser and Co. (India) has one previous CIN (Corporate Identification Number): U99999MH1947PTC005708. The current CIN is U99999MH1947PLC005708, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1947PLC005708 | Current |
| U99999MH1947PTC005708 | Previous |
Contact details
Evans Fraser and Co. (India) Limited's registered office is in Mumbai, Maharashtra. Its website is evansfraser.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address172 Floor 17th Plot – 224 B Wing Mittal Court Jamnalal Bajaj Marg Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Brokerage & Trading Services, Real Estate Financing
To see the full contact details of Evans Fraser and Co. (India) 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 Evans Fraser and Co. (India) Limited
FY 2017 filings availableEvans Fraser and Co. (India) Limited reported revenue of ₹46.48 Cr (down 34% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 34% fall in the latest year. EBITDA fell 97% 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 | ₹46.48 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹60.78 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹62.01 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 | 1.3% | |
| Net Profit Margin | -133.4% | |
| 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 Evans Fraser and Co. (India) Limited, buy the company report.
Board of directors of Evans Fraser and Co. (India) Limited
Evans Fraser and Co. (India) has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindrakumar Ved Prakash Mittal | Additional Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
| Yashwant Singh | Additional Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
| Nitin Shinde | Additional Director | 19 Mar 2021 | 5 Years 7 Months | As last reported |
Auditor
Evans Fraser and Co. (India) Limited is audited by K S S & COMPANY for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S S & COMPANY | FY 2016 | 126322W |
Shareholding
The shareholding of Evans Fraser and Co. (India) 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 Evans Fraser and Co. (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2017 | 100148425 | Others | ₹170 Cr | Open | |
| 24 Dec 2015 | 10615184 | Madison Pacific Trust Limited | ₹645.64 Cr | Open | |
| 20 Mar 2013 | 10414622 | Sbicap Trustee Company Limited | ₹20,195 Cr | Open | |
| 06 Aug 2012 | 10371476 | Andhra Bank | ₹150 Cr | Open | |
| 30 Apr 2012 | 10352227 | Icici Bank Limited | ₹650 Cr | Open |
To see the full charge records of Evans Fraser and Co. (India) Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Evans Fraser and Co. (India) Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹4.85 Cr; the latest was in March 2016.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Vovl Limited , Millennium Appliances India Limited , Techno Electronics Limited Seller: Shree Dhoot Trading and Agencies Ltd , Dome-Bell Electronics India Private Limited , Videocon Industries Limited |
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: Century Appliances Limited Seller: Force Appliances Private Limited |
| Aug 2008 | Funding round | ₹4.85 Cr | Investors: Videocon Industries Limited , Kail Limited , Shree Dhoot Trading and Agencies Ltd |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Videocon Industries Limited Seller: Videocon International Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Seller: Shree Dhoot Trading and Agencies Ltd , Dome-Bell Electronics India Private Limited , Force Appliances Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Evans Fraser and Co. (India) Limited has 44 court cases on record: 6 filed by Evans Fraser and Co. (India), 38 filed against it. 16 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 22 | 22 | 13 |
| High courts | 10 | 8 | 0 |
| Supreme Court | 8 | 8 | 3 |
| District courts | 4 | 0 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Gail (India) Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Twin Star Technologies Limited Through Its Authorised Representative 3Rdfloor, Iffco Tower, PL No. 3, Sector 39,Gurugram, Gurgaon,Haryana ,Gurgaon , Haryana | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gail (India) Limited | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Gail India Ltd. | Disposed |
To see the full case history of Evans Fraser and Co. (India) 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 Evans Fraser and Co. (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Evans Fraser and Co. (India) has 2 subsidiary companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Basil Lifecare Private Limited | U85100MH2010PTC204137 | |
| Basil Lifecare Private Limited | U85100MH2010PTC204137 |
To see the full group structure of Evans Fraser and Co. (India) Limited, buy the company report.
GST
Evans Fraser and Co. (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE1621J1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Evans Fraser and Co. (India) Limited, buy the company report.
Recent activity
Evans Fraser and Co. (India) Limited has 16 board changes on record since 2004: 3 appointments and 13 cessations. The latest: Nitin Shinde ceased to be Additional Director on 03 Aug 2021.
58 earlier events are in the company report.
Frequently asked questions
Evans Fraser and Co. (India) is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Evans Fraser and Co. (India) is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 23 April 1947 and is registered under CIN U99999MH1947PLC005708. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Evans Fraser and Co. (India) has 3 current directors:
- Ravindrakumar Ved Prakash Mittal - Additional Director
- Yashwant Singh - Additional Director
- Nitin Shinde - Additional Director
The latest financial statements of Evans Fraser and Co. (India) on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Evans Fraser and Co. (India) is U99999MH1947PLC005708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Evans Fraser and Co. (India) has open charges of ₹25,586 Cr and satisfied charges of ₹7,526 Cr as per latest MCA filings.
Evans Fraser and Co. (India) has 44 court cases on record: 6 filed by the company and 38 filed against it. 16 are pending. Most are in the nclat.
Evans Fraser and Co. (India) was incorporated on 23 April 1947. It is registered with the Registrar of Companies, Mumbai.
Evans Fraser and Co. (India) has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹4.85 Cr; the latest was in March 2016.
Nitin Shinde ceased to be Additional Director on 03 Aug 2021. Ravindrakumar Ved Prakash Mittal ceased to be Additional Director on 03 Aug 2021. Yashwant Singh ceased to be Additional Director on 03 Aug 2021. Evans Fraser and Co. (India) has 16 board changes on record in total.
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