About Fernas Construction India Private Limited
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Fernas Construction India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Fernas Insaat As. 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 plumbing services and construction specialties segment of the construction sector. It was incorporated on 10 August 2010.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45400DL2010PTC206910. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹85 Cr and a paid-up capital of ₹82.55 Cr. It is led by directors Sudhir Kumar Singh and Engin Nasiroglu.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Space No. S – 19 Second Floor Malhan Falcon Plaza Plot No. 4 Pocket 7 Sector – 12 Dwarka, New Delhi, Delhi, India – 110075.
As per the financials filed for FY 2017, the company reported a revenue of ₹71.4 Cr, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹5.74 Cr (net margin -8%) and EBITDA of -₹3.18 Cr (EBITDA margin -4.5%).
As per MCA filings, the company has open charges of ₹361 Cr and satisfied charges of ₹150 Cr on record. Court records list 136 cases involving the company, including 7 filed by the company and 129 filed against it; 7 cases are pending.
The last known website on record is fernas.co.in.
Company details
Contact details
Fernas Construction India Private Limited's registered office is in New Delhi, Delhi. Its website is fernas.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSpace No. S – 19 Second Floor Malhan Falcon Plaza Plot No. 4 Pocket 7 Sector – 12 Dwarka, New Delhi, Delhi, India – 110075
- IndustryConstruction, Plumbing Services & Construction Specialties, Demolition & Construction Services, Electrical Services
To see the full contact details of Fernas Construction India 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 Fernas Construction India 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 Fernas Construction India Private Limited, buy the company report.
Financials of Fernas Construction India Private Limited
FY 2017 filings availableFernas Construction India Private Limited reported revenue of ₹71.4 Cr (down 64% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 64% in the latest year. EBITDA rose 98% 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 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹71.4 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹3.18 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹5.74 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -4.5% | ||
| Net Profit Margin | -8% | ||
| 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 Fernas Construction India Private Limited, buy the company report.
Board of directors of Fernas Construction India Private Limited
Fernas Construction India has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhir Kumar Singh Also directs: Promer India Private Limited | Director | 30 Sep 2018 | 8 Years 0 Months | As last reported |
| Engin Nasiroglu | Director | 10 Aug 2010 | 16 Years 2 Months | As last reported |
Auditor
Fernas Construction India Private Limited is audited by C V M & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C V M & ASSOCIATES | FY 2017 | 020433N |
Shareholding
The shareholding of Fernas Construction India Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Fernas Construction India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Aug 2011 | 10306804 | State Bank of India | ₹320 Cr | Open | |
| 30 Apr 2011 | 10289057 | Axis Bank Ltd. | ₹41 Cr | Open | |
| 13 Jun 2012 | 10362439 | Axis Bank Limited | ₹150 Cr | Satisfied |
To see the full charge records of Fernas Construction India Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Fernas Construction India Private Limited has 136 court cases on record: 7 filed by Fernas Construction India, 129 filed against it. 7 cases are pending and 129 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 69 | 65 | 4 |
| District courts | 64 | 63 | 2 |
| Supreme Court | 3 | 1 | 1 |
Cases on record (5 of 136)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Interim or miscellaneous application | Filed against the company by Indian Oil Corporation Ltd., Mumbai | Pending |
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed by the company against RVR Projects Pvt. Ltd. Through Its DGM Mr KRK Murthy A-1/38, 3Rd Floor, Safdurjung Enclave, , District: New Delhi ,New Delhi , Delhi | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by M/S Ongc Petro Additions Limited | Disposed |
| High Court of Gujarat | Appeal | Filed against the company by M/S Ongc Petro Additions Limited | Disposed |
| District court, South West, Delhi | Commercial suit | Filed against the company by M/S Technip India Ltd and 2 others | Disposed |
To see the full case history of Fernas Construction India 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 Fernas Construction India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fernas Construction India 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 Fernas Construction India Private Limited, buy the company report.
Recent activity
Fernas Construction India Private Limited has 8 board changes on record since 2010: 2 appointments and 6 cessations. The latest: Sudhir Kumar Singh ceased to be Director on 12 Mar 2020.
5 earlier events are in the company report.
Frequently asked questions
Fernas Construction 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.
Fernas Construction India is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in plumbing services and construction specialties, within the construction industry. It was incorporated on 10 August 2010 and is registered under CIN U45400DL2010PTC206910. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Fernas Construction India has 2 current directors:
- Sudhir Kumar Singh - Director
- Engin Nasiroglu - Director
The latest financial statements of Fernas Construction India on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Fernas Construction India is U45400DL2010PTC206910. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fernas Construction India has open charges of ₹361 Cr and satisfied charges of ₹150 Cr as per latest MCA filings.
Fernas Construction India has 136 court cases on record: 7 filed by the company and 129 filed against it. 7 are pending. Most are in the high courts.
Fernas Construction India was incorporated on 10 August 2010. It is registered with the Registrar of Companies, Delhi.
Sudhir Kumar Singh ceased to be Director on 12 Mar 2020. Sudhir Kumar Singh was appointed as Director on 30 Sep 2018. Rajesh Raturi ceased to be Additional Director on 25 Aug 2018. Fernas Construction India has 8 board changes on record in total.
Fernas Construction India can be reached through the website fernas.co.in. Its registered office is in New Delhi, Delhi, India.