About GSS Procon Private Limited
Data last updated:
GSS Procon Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Aa Realcon Private Limited. 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 real estate development and construction segment of the real estate and construction sector. It was incorporated on 27 September 2010.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70100DL2010PTC208777. Its GSTIN is 09AADCG9666N3ZO (Uttar Pradesh). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ramesh Rao and Laxman Singh Mehra.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Unit No 102 First Floor Pearls Business Park Netaji Subhash Place Pitampura, New Delhi, Delhi, India – 110034.
As per the financials filed for FY 2017, the company reported a revenue of ₹8.27 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹12.82 Cr and EBITDA of -₹2.46 Cr.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹19.65 Cr and satisfied charges of ₹26.54 Cr on record. Court records list 15 cases involving the company, including 15 filed against it; 9 cases are pending.
The last known website on record is victoryinfra.com.
Company details
Contact details
GSS Procon Private Limited's registered office is in New Delhi, Delhi. Its website is victoryinfra.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No 102 First Floor Pearls Business Park Netaji Subhash Place Pitampura, New Delhi, Delhi, India – 110034
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of GSS Procon 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 GSS Procon is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of GSS Procon Private Limited, buy the company report.
Financials of GSS Procon Private Limited
FY 2018 filings availableGSS Procon Private Limited reported revenue of ₹8.27 Lakh (down 93% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 93% in the latest year. EBITDA rose 74% 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 | ₹8.27 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹2.46 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹12.82 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 | |||
| Net Profit Margin | |||
| 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 GSS Procon Private Limited, buy the company report.
Board of directors of GSS Procon Private Limited
GSS Procon has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Laxman Singh Mehra | Additional Director | 07 May 2019 | 7 Years 5 Months | As last reported |
| Ramesh Rao | Director | 15 Jan 2018 | 8 Years 9 Months | As last reported |
Auditor
GSS Procon Private Limited is audited by SUMAN C GUPTA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUMAN C GUPTA & ASSOCIATES | FY 2017 | 006974N |
Shareholding
The shareholding of GSS Procon Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of GSS Procon Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Apr 2018 | 100169495 | Others | ₹12.76 Cr | Open | |
| 31 Oct 2015 | 10607378 | Tata Capital Financial Services Limited | ₹1.3 Cr | Open | |
| 31 Jul 2015 | 10584926 | Intec Capital Limited | ₹4.7 Cr | Open | |
| 11 Jun 2014 | 10501827 | Intec Capital Limited | ₹57.72 Lakh | Open | |
| 26 Nov 2012 | 10397476 | L & T Finance Limited | ₹15.36 Lakh | Open |
To see the full charge records of GSS Procon Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
GSS Procon Private Limited has 15 court cases on record: 15 filed against it. 9 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 9 |
| NCLAT | 4 | 4 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Intec Capital Ltd. | Pending |
| NCLAT, Court II | Tribunal matter | Filed against the company by Intec Capital Ltd | Disposed |
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed against the company by Bank of Baroda | Pending |
| District court, Moradabad, Uttar Pradesh | Court case (Complaint Cases) | Filed against the company by an individual | Pending |
| District court, Moradabad, Uttar Pradesh | Court case (Complaint Cases) | Filed against the company by an individual | Pending |
To see the full case history of GSS Procon 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 GSS Procon Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
GSS Procon has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AADCG9666N3ZO | Uttar Pradesh | Active | 21 Jul 2020 |
To see the full GST registrations and return filing status of GSS Procon Private Limited, buy the company report.
Recent activity
GSS Procon Private Limited has 12 board changes on record since 2011: 2 appointments and 10 cessations. The latest: Anil Gupta ceased to be Director on 07 May 2019.
22 earlier events are in the company report.
Frequently asked questions
GSS Procon 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.
GSS Procon is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 27 September 2010 and is registered under CIN U70100DL2010PTC208777. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
GSS Procon has 2 current directors:
- Laxman Singh Mehra - Additional Director
- Ramesh Rao - Director
The latest financial statements of GSS Procon on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of GSS Procon is U70100DL2010PTC208777. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GSS Procon has open charges of ₹19.65 Cr and satisfied charges of ₹26.54 Cr as per latest MCA filings.
GSS Procon has 15 court cases on record: 15 filed against it. 9 are pending. Most are in the district courts.
GSS Procon was incorporated on 27 September 2010. It is registered with the Registrar of Companies, Delhi.
Anil Gupta ceased to be Director on 07 May 2019. Laxman Singh Mehra was appointed as Additional Director on 07 May 2019. Ramesh Rao ceased to be Additional Director on 30 Sep 2018. GSS Procon has 12 board changes on record in total.
GSS Procon can be reached through the website victoryinfra.com. Its registered office is in New Delhi, Delhi, India.