About Hari Machines Limited.
Data last updated:
Hari Machines Limited. is a public limited company based in Sundergarh, Odisha, 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 heavy engineering and manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 13 July 1948.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN L29299OR1948PLC000713. It is a listed company as per MCA records.
The company has an authorised share capital of ₹26 Cr and a paid-up capital of ₹5.32 Cr. It is led by directors including Sabyasachi Mishra (Managing Director) and Amit Kedia.
Its last annual general meeting (AGM) was held on 22 October 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Rajgangpur, Sundergarh, Odisha, India – 770017.
As per the financials filed for FY 2018, the company reported a revenue of ₹92 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹73.62 Cr (net margin -80%) and EBITDA of -₹93.8 Cr (EBITDA margin -102%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 3% over five years.
The company has about 100 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹49.91 Lakh and satisfied charges of ₹492.3 Cr on record. Court records list 68 cases involving the company, including 16 filed by the company and 52 filed against it; 12 cases are pending.
The last known website on record is harimachines.in.
Company details
CIN history
Hari Machines Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29299OR1948PLC000713, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29299OR1948PLC000713 | Current |
| L29299OR1987PLC000713 | Previous |
| U29299OR1948PLC000713 | Previous |
Contact details
Hari Machines Limited.'s registered office is in Sundergarh, Odisha. Its website is harimachines.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressRajgangpur, Sundergarh, Odisha, India – 770017
- IndustryMachinery and Equipment, Heavy Engineering & Manufacturing
To see the full contact details of Hari Machines 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 Hari Machines Limited.
FY 2018 filings availableHari Machines Limited. reported revenue of ₹92 Cr (up 5237% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years. 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹92 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹93.8 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹73.62 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -102% | |||
| Net Profit Margin | -80% | |||
| 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 Hari Machines Limited., buy the company report.
Board of directors and KMP of Hari Machines Limited.
Hari Machines Limited. currently reports 3 directors and 2 key managerial personnel. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sabyasachi Mishra Also directs: Jyotirmoyee International Private Limited | Managing Director | 24 Sep 2014 | 12 Years 1 Months | As last reported |
| Amit Kedia | Director | 16 Aug 2012 | 14 Years 2 Months | As last reported |
| Sangita Drolia | Director | 15 May 2015 | 11 Years 5 Months | As last reported |
| Rakesh Ganeriwal Also directs: Shubh Labh Investments Ltd, Rockpulse Mining Private Limited | Company Secretary | 05 Nov 2015 | 10 Years 11 Months | As last reported |
| Kailash Kumar Agrawal | Cfo | 01 Apr 2017 | 9 Years 6 Months | As last reported |
Auditor
Hari Machines Limited. is audited by DAS & PRASAD for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DAS & PRASAD | FY 2018 | 303054E |
Shareholding
The shareholding of Hari Machines 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 Hari Machines Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 May 2000 | 80024200 | Orissa State Financial Corporation | ₹49.91 Lakh | Open | |
| 26 May 2012 | 10361878 | Bank of Baroda | ₹23 Cr | Satisfied | |
| 17 Jan 2012 | 10340834 | Bank of Baroda | ₹23 Cr | Satisfied | |
| 27 Oct 2011 | 10315510 | Icici Bank Limited | ₹27 Cr | Satisfied | |
| 08 Sep 2011 | 10308443 | Axis Bank Limited | ₹30 Cr | Satisfied |
To see the full charge records of Hari Machines Limited., buy the company report.
Total charge records: 11 View all charges
Legal cases
Hari Machines Limited. has 68 court cases on record: 16 filed by Hari Machines Limited, 52 filed against it. 12 cases are pending and 56 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 28 | 1 |
| High courts | 32 | 23 | 11 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (COPET) | Filed against the company by M/S.Premier Transport Ltd. M/S.Debaraj Mohanty, D.Behera,A.Mishra,B.Pr.Panda | Pending |
| District court, Sundargarh, Odisha | Court case (EXECUITION CASES) | Filed against the company by Ms Shakti Rail Infra Ltd | Disposed |
| District court, Ranchi, Jharkhand | Civil miscellaneous application | Filed against the company by M/S Divine Alloys and Power Co. Ltd., | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Shree Jagannath Carriers Private Limited C-6, Nirmal Market, Power House Road, Rourkela 769001, Odisha ,Rourkela , Orissa and 14 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by Premier Road Carriers Ltd | Disposed |
To see the full case history of Hari Machines 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 Hari Machines Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Hari Machines Limited has 1 joint venture. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Employees & EPFO
Hari Machines Limited. has a workforce of 100 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Hari Machines Limited.; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Hari Machines Limited. has 25 board changes on record since 1971: 15 appointments and 10 cessations. The latest: Kailash Kumar Agrawal was appointed as CFO on 01 Apr 2017.
43 earlier events are in the company report.
Frequently asked questions
Hari Machines Limited 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.
Hari Machines Limited is a company under liquidation, formerly operating as a public limited company based in Sundergarh, Odisha, India. The company works in heavy engineering and manufacturing, within the machinery and equipment industry. It was incorporated on 13 July 1948 and is registered under CIN L29299OR1948PLC000713. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Hari Machines Limited has 5 current directors and KMP:
- Sabyasachi Mishra - Managing Director
- Amit Kedia - Director
- Sangita Drolia - Director
- Rakesh Ganeriwal - Company Secretary
- Kailash Kumar Agrawal - Cfo
The latest financial statements of Hari Machines Limited on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 22 October 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Hari Machines Limited is L29299OR1948PLC000713. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Hari Machines Limited is a listed company as per MCA records.
Hari Machines Limited has open charges of ₹49.91 Lakh and satisfied charges of ₹492.3 Cr as per latest MCA filings.
Hari Machines Limited has 68 court cases on record: 16 filed by the company and 52 filed against it. 12 are pending. Most are in the district courts.
Hari Machines Limited was incorporated on 13 July 1948. It is registered with the Registrar of Companies, Cuttack.
Kailash Kumar Agrawal was appointed as CFO on 01 Apr 2017. Rakesh Ganeriwal was appointed as Company Secretary on 05 Nov 2015. Sudha Agarwal ceased to be Company Secretary on 20 May 2015. Hari Machines Limited has 25 board changes on record in total.