About Everonn Skill Development Limited
Data last updated:
Everonn Skill Development Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Edifications 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 corporate training and development segment of the education sector. It was incorporated on 03 April 2009.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72300TN2009PLC071228. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹39.07 Cr. It is led by directors including Ajay Shekar Shetty and Sandeep Kumar Maniyar.
Its last annual general meeting (AGM) was held on 28 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Everonn House Plot 96 – 99 Developed Plots Estate Perungudi, Chennai, Tamil Nadu, India – 600096.
As per the financials filed for FY 2016, the company reported a revenue of ₹10.76 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹23.25 Cr (net margin -216.1%) and EBITDA of -₹84.97 Lakh (EBITDA margin -7.9%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 8% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,196.51 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it. The company has 1 deal on record (1 acquisition); the latest was in July 2011.
The last known website on record is everonn.com.
Company details
Contact details
Everonn Skill Development Limited's registered office is in Chennai, Tamil Nadu. Its website is everonn.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressEveronn House Plot 96 – 99 Developed Plots Estate Perungudi, Chennai, Tamil Nadu, India – 600096
- IndustryEducation, Corporate Training & Development
To see the full contact details of Everonn Skill Development 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 Everonn Skill Development Limited
FY 2016 filings availableEveronn Skill Development Limited reported revenue of ₹10.76 Cr (up 229% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 229% growth 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 | ₹10.76 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹84.97 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹23.25 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 | -7.9% | |
| Net Profit Margin | -216.1% | |
| 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 Everonn Skill Development Limited, buy the company report.
Board of directors of Everonn Skill Development Limited
Everonn Skill Development has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Kumar Maniyar | Additional Director | 31 Jan 2015 | 11 Years 9 Months | As last reported |
| Ajay Shekar Shetty Also directs: Toppers Tutorial Private Limited, Southern Food Products Private Limited, Everonn Infrastructure Limited and 5 more | Director | 10 Oct 2012 | 14 Years 1 Months | As last reported |
| Girish Kumar Also directs: Toppers Tutorial Private Limited, Aeg Skill Update Private Limited, Everonn School Limited and 5 more | Additional Director | 08 Dec 2014 | 11 Years 11 Months | As last reported |
Auditor
Everonn Skill Development Limited is audited by HARIBHAKTI & CO LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARIBHAKTI & CO LLP | FY 2016 | 103523W |
Shareholding
The shareholding of Everonn Skill Development 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 Everonn Skill Development Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Nov 2014 | 10534697 | Axis Trustee Services Limited | ₹66 Cr | Open | |
| 11 Nov 2014 | 10534813 | Axis Trustee Services Limited | ₹132 Cr | Open | |
| 22 Mar 2014 | 10500397 | Axis Trustee Services Limited | ₹563.57 Cr | Open | |
| 10 Dec 2013 | 10472821 | Axis Bank Limited | ₹330.6 Cr | Open | |
| 16 Mar 2011 | 10283947 | National Skill Development Corporation | ₹101.34 Cr | Open |
To see the full charge records of Everonn Skill Development Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Everonn Skill Development Limited has 1 deal on record (1 acquisition); the latest was in July 2011.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2011 | Acquisition | ₹14.97 Cr | Buyer: National Skill Development Corporation |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Everonn Skill Development Limited has 6 court cases on record: 3 filed by Everonn Skill Development, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| NCLT | 2 | 1 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed by the company | Disposed |
| NCLT, Chennai | Court case (MA(IBC)) | Filed against the company by Commissioner | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S.Reliance Commercial Finance Pvt. Ltd. | Disposed |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed by the company against Eureka Outsourcing Solutions | Disposed |
| High Court, TAMIL NADU | Company petition | Filed against the company by an individual | Disposed |
To see the full case history of Everonn Skill Development 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 Everonn Skill Development Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Everonn Skill Development Limited has a workforce of 25 employees on its EPFO records as of Apr 2017, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 25 |
| FY 2016-17 |
To see the full employee and EPFO history of Everonn Skill Development Limited, buy the company report.
GST
Everonn Skill Development 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 Everonn Skill Development Limited, buy the company report.
Recent activity
Everonn Skill Development Limited has 16 board changes on record since 2009: 3 appointments and 13 cessations. The latest: Subburengan Hari Karthik ceased to be Company Secretary on 30 Mar 2016.
14 earlier events are in the company report.
Frequently asked questions
Everonn Skill Development 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.
Everonn Skill Development is a company under liquidation, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in corporate training and development, within the education industry. It was incorporated on 03 April 2009 and is registered under CIN U72300TN2009PLC071228. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Everonn Skill Development has 3 current directors:
- Sandeep Kumar Maniyar - Additional Director
- Ajay Shekar Shetty - Director
- Girish Kumar - Additional Director
The latest financial statements of Everonn Skill Development on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 28 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Everonn Skill Development is U72300TN2009PLC071228. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Everonn Skill Development has open charges of ₹1,196.51 Cr and no satisfied charges on record as per latest MCA filings.
Everonn Skill Development has 6 court cases on record: 3 filed by the company and 3 filed against it. Most are in the high courts.
Everonn Skill Development was incorporated on 03 April 2009. It is registered with the Registrar of Companies, Chennai.
Everonn Skill Development has 1 deal on record (1 acquisition); the latest was in July 2011.
Subburengan Hari Karthik ceased to be Company Secretary on 30 Mar 2016. Sandeep Kumar Maniyar was appointed as Additional Director on 31 Jan 2015. Vivek Harinarain ceased to be Managing Director on 31 Jan 2015. Everonn Skill Development has 16 board changes on record in total.
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