About Everon Castings Private Limited
Data last updated:
Everon Castings Private Limited is a private limited company based in Coimbatore, Tamil Nadu, 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 die casting and metal forming segment of the manufacturing sector. It was incorporated on 20 August 2008.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U27310TZ2008PTC014707. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹16.5 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Rajesh B (Managing Director) and Srinivasan.
Its last annual general meeting (AGM) was held on 13 July 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Survey No 97 / 1 – B Arasampalayam Village Kinathukadavu Pollachi Taluk, Coimbatore, Tamil Nadu, India – 642109.
As per the financials filed for FY 2016, the company reported a revenue of ₹70.5 Cr. For the same year it recorded a net profit of ₹1.15 Cr (net margin 1.6%) and EBITDA of ₹7.74 Cr (EBITDA margin 11%).
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹45.31 Cr and satisfied charges of ₹71.8 Cr on record. Court records list 20 cases involving the company, including 7 filed by the company and 13 filed against it; 3 cases are pending.
The last known website on record is everoncastings.com.
Company details
Contact details
Everon Castings Private Limited's registered office is in Coimbatore, Tamil Nadu. Its website is everoncastings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No 97 / 1 – B Arasampalayam Village Kinathukadavu Pollachi Taluk, Coimbatore, Tamil Nadu, India – 642109
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Everon Castings 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 Everon Castings is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Everon Castings Private Limited, buy the company report.
Financials of Everon Castings Private Limited
FY 2016 filings availableEveron Castings Private Limited reported revenue of ₹70.5 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹70.5 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹7.74 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹1.15 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 | 11% | |
| Net Profit Margin | 1.6% | |
| 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 Everon Castings Private Limited, buy the company report.
Board of directors of Everon Castings Private Limited
Everon Castings has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Andal | Additional Director | 11 Sep 2014 | 12 Years 1 Months | As last reported |
| Srinivasan | Director | 20 Oct 2008 | 18 Years 0 Months | As last reported |
| Rajesh B | Managing Director | 20 Aug 2008 | 18 Years 2 Months | As last reported |
| Balakrishnan Chettiar Balasubramanian | Director | 10 Dec 2010 | 15 Years 10 Months | As last reported |
Peer comparison
Everon Castings Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dakshin Foundry Private Limited | ₹71.31 Cr (FY 2025) | -5.0% | Bangalore, Karnataka, India | |||
| Thaai Casting Limited | ₹71.09 Cr (FY 2024) | Thiruvallur, Tamil Nadu, India | ||||
| Abha Power and Steel Limited | ₹70.83 Cr (FY 2025) | 37.0% | Bilaspur, Chhattisgarh, India | |||
| Sujata Forge Private Limited | ₹70.6 Cr (FY 2025) | 17.0% | Hyderabad, Telangana, India | |||
| Siddharth Foundry Private Limited | ₹70.53 Cr (FY 2025) | 21.0% | Kolhapur, Maharashtra, India | |||
| Everon Castings Private Limitedthis company | ₹70.5 Cr (FY 2016) | ₹1.15 Cr | 1.6% | 18 | Coimbatore, Tamil Nadu, India | |
| Mahadev Precision Cast Private Limited | ₹70.39 Cr (FY 2025) | 76.0% | Rajkot, Gujarat, India | |||
| Shree Jagannath Iron Foundry Pvt Ltd | ₹70.33 Cr (FY 2025) | -7.0% | Howrah, West Bengal, India | |||
| Samco Metals and Alloys Private Limited | ₹70.24 Cr (FY 2024) | -22.0% | Chennai, Tamil Nadu, India | |||
| A K P Foundries Private Limited | ₹70.23 Cr (FY 2025) | -9.0% | Belgaum, Karnataka, India | |||
| Veeresha Techno Industries Private Limited | ₹70.18 Cr (FY 2025) | 5.0% | Sangli, Maharashtra, India |
To see the full peer comparison of Everon Castings Private Limited, buy the company report.
Auditor
Everon Castings Private Limited is audited by NALLATHAMBI & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NALLATHAMBI & CO | FY 2016 | 014616S |
Shareholding
The shareholding of Everon Castings 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 Everon Castings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2017 | 100088980 | State Bank of India | ₹44.98 Cr | Open | |
| 30 Dec 2015 | 100049486 | Others | ₹32.61 Lakh | Open | |
| 30 Aug 2013 | 10516254 | The Karur Vysya Bank Limited | ₹34.14 Cr | Satisfied | |
| 06 Jun 2011 | 10291314 | State Bank of India | ₹25.08 Cr | Satisfied | |
| 28 Feb 2011 | 10282600 | Corporation Bank | ₹1.18 Cr | Satisfied |
To see the full charge records of Everon Castings Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Everon Castings Private Limited has 20 court cases on record: 7 filed by Everon Castings, 13 filed against it. 3 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 2 |
| High courts | 3 | 0 | 0 |
| NCLT | 2 | 0 | 0 |
| NCLAT | 2 | 2 | 1 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Electronica Finance Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S.Hdfc Bank Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Kotak Mahindra Bank Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Kotak Mahindra Bank Ltd | Disposed |
To see the full case history of Everon Castings 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.
Credit ratings & regulatory alerts
Everon Castings Private Limited was last rated by Icra on 03 Feb 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 03 Feb 2015 |
To see the full credit ratings and regulatory alerts of Everon Castings Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Everon Castings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Everon Castings Private Limited has a workforce of 18 employees on its EPFO records as of Jul 21, 2024, across 1 active EPFO establishment.
GST
Everon Castings has 2 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 Everon Castings Private Limited, buy the company report.
Recent activity
Everon Castings Private Limited has 9 board changes on record since 2008: 4 appointments and 5 cessations. The latest: Prabakar Thangavelu ceased to be Director on 23 Aug 2017.
13 earlier events are in the company report.
Frequently asked questions
Everon Castings 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.
Everon Castings is a company under liquidation, formerly operating as a private limited company based in Coimbatore, Tamil Nadu, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 20 August 2008 and is registered under CIN U27310TZ2008PTC014707. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Everon Castings has 4 current directors:
- Rajesh B - Managing Director
- Rajesh Andal - Additional Director
- Srinivasan - Director
- Balakrishnan Chettiar Balasubramanian - Director
The latest financial statements of Everon Castings on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 13 July 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Everon Castings is U27310TZ2008PTC014707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Everon Castings has open charges of ₹45.31 Cr and satisfied charges of ₹71.8 Cr as per latest MCA filings.
Everon Castings has 20 court cases on record: 7 filed by the company and 13 filed against it. 3 are pending. Most are in the district courts.
Everon Castings was incorporated on 20 August 2008. It is registered with the Registrar of Companies, Coimbatore.
The peers of Everon Castings by revenue are Dakshin Foundry Private Limited, Thaai Casting Limited, Abha Power and Steel Limited, Sujata Forge Private Limited, Siddharth Foundry Private Limited and 5 more, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).
Prabakar Thangavelu ceased to be Director on 23 Aug 2017. Swaminathapillai Gnanaprakasam ceased to be Director on 26 Nov 2015. Rajesh Andal was appointed as Additional Director on 11 Sep 2014. Everon Castings has 9 board changes on record in total.
Everon Castings can be reached through the website everoncastings.com. Its registered office is in Coimbatore, Tamil Nadu, India.
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