About High Ground Enterprise Limited
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High Ground Enterprise Limited is a public limited company based in Mumbai, Maharashtra, India. 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 engineering sector. It was incorporated on 15 January 1986.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74999MH1986PLC222681. The company has 10 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 27 Aug 2021 · compulsory delisting and from BSE on 20 Sep 2021 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹11.51 Cr. It was formerly known as Woo Yang Electronics India Limited. It is led by directors Sandeep Arora (Managing Director) and Ashutosh Dixit.
Its last annual general meeting (AGM) was held on 25 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Office No. 2 Om Heera Panna Mall 2nd Floor Oshiwara Andheri (West), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2018, the company reported a revenue of ₹538.19 Cr, a growth of 67% compared to the previous year. For the same year it recorded a net profit of ₹15.97 Cr (net margin 3%) and EBITDA of ₹33.75 Cr (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years.
The company has about 9 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹94.84 Cr and satisfied charges of ₹18.39 Cr on record. Court records list 40 cases involving the company, including 17 filed by the company and 23 filed against it; 16 cases are pending. The company has 17 deals on record (17 market trades); the latest was in October 2019.
The last known website on record is highground.in.
Company details
CIN history
High Ground Enterprise has one previous CIN (Corporate Identification Number): L74999DL1986PLC023097. The current CIN is L74999MH1986PLC222681, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74999MH1986PLC222681 | Current |
| L74999DL1986PLC023097 | Previous |
Contact details
High Ground Enterprise Limited's registered office is in Mumbai, Maharashtra. Its website is highground.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice No. 2 Om Heera Panna Mall 2nd Floor Oshiwara Andheri (West), Mumbai, Maharashtra, India – 400053
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of High Ground Enterprise 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 activities of High Ground Enterprise are construction and professional, scientific and technical. In detail, this covers roads, railways, utility projects and advertising and market research. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | |
| M | Professional, Scientific and Technical | M6 | Advertising and market research |
To see the full business activity and turnover split of High Ground Enterprise Limited, buy the company report.
Financials of High Ground Enterprise Limited
FY 2018 filings availableHigh Ground Enterprise Limited reported revenue of ₹538.19 Cr (up 67% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 52% over three years, including 67% growth in the latest year. EBITDA rose 41% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹538.19 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹33.75 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹15.97 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 | 6.3% | |||
| Net Profit Margin | 3% | |||
| 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 High Ground Enterprise Limited, buy the company report.
Board of directors of High Ground Enterprise Limited
High Ground Enterprise has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Dixit Also directs: Colour Bar Private Limited, Hgel Integrated Private Limited, Picture Thoughts Private Limited and 4 more | Additional Director | 11 Apr 2019 | 7 Years 6 Months | As last reported |
| Sandeep Arora Also directs: Colour Bar Private Limited, Hgel Integrated Private Limited, Weddingpark Hospitalities Private Limited and 3 more | Managing Director | 03 Sep 2009 | 17 Years 1 Months | As last reported |
Auditor
High Ground Enterprise Limited is audited by JAIN CHOWDHARY & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN CHOWDHARY & CO | FY 2018 | 113267W |
Shareholding
The shareholding of High Ground Enterprise 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 High Ground Enterprise Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2017 | 100120261 | Others | ₹50 Lakh | Open | |
| 28 Feb 2017 | 100090757 | Others | ₹2.34 Cr | Open | |
| 21 Sep 2013 | 10458119 | Others | ₹92 Cr | Open | |
| 06 Mar 2017 | 100086298 | Others | ₹53.97 Lakh | Satisfied | |
| 28 Feb 2017 | 100090768 | Others | ₹7.6 Cr | Satisfied |
To see the full charge records of High Ground Enterprise Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
High Ground Enterprise Limited has 17 deals on record (17 market trades); the latest was in October 2019.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Market trade | ₹12 Lakh | Buyer: Unity Fin-Cap P. Ltd Seller: High Ground Productions Private Limited |
| Sep 2019 | Market trade | ₹13 Lakh | Buyer: Unity Fin-Cap P. Ltd Seller: High Ground Productions Private Limited |
| Sep 2019 | Market trade | ₹13 Lakh | Buyer: Unity Fin-Cap P. Ltd Seller: High Ground Productions Private Limited |
| Sep 2019 | Market trade | ₹26.2 Lakh | Buyer: Unity Fin-Cap P. Ltd Seller: High Ground Productions Private Limited , Unity Fin-Cap P. Ltd |
| May 2019 | Market trade | ₹69.3 Lakh | Buyer: an individual Seller: Bright Hills Infra Projects Private Limited |
To see the full deal history of High Ground Enterprise Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
High Ground Enterprise Limited has 40 court cases on record: 17 filed by High Ground Enterprise, 23 filed against it. 16 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 17 | 12 |
| NCLT | 12 | 3 | 0 |
| NCLAT | 5 | 0 | 4 |
| High courts | 3 | 3 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kotak Mahindra Bank Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Patel Engineering Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Patel Engineering Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ecl Finance Limited. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Sustainable Agro Commercial Finance Ltd. | Pending |
To see the full case history of High Ground Enterprise 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
High Ground Enterprise Limited was last rated by Brickwork on 22 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 22 Sep 2021 |
To see the full credit ratings and regulatory alerts of High Ground Enterprise Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for High Ground Enterprise Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
High Ground Enterprise has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Colour Bar Private Limited | U22222MH2015PTC262675 | |
| Hgel Integrated Private Limited | U51101MH2015PTC261068 |
To see the full group structure of High Ground Enterprise Limited, buy the company report.
Employees & EPFO
High Ground Enterprise Limited has a workforce of 9 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
High Ground Enterprise has 10 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 High Ground Enterprise Limited, buy the company report.
Recent activity
High Ground Enterprise Limited has 38 board changes on record since 1986: 20 appointments and 18 cessations. The latest: Sonia Arora ceased to be Director on 22 Oct 2019.
46 earlier events are in the company report.
Frequently asked questions
High Ground Enterprise 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.
High Ground Enterprise is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in the engineering industry. It was incorporated on 15 January 1986 and is registered under CIN L74999MH1986PLC222681. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
High Ground Enterprise has 2 current directors:
- Sandeep Arora - Managing Director
- Ashutosh Dixit - Additional Director
The latest financial statements of High Ground Enterprise on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 25 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of High Ground Enterprise is L74999MH1986PLC222681. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
High Ground Enterprise is recorded as a listed company by MCA, but its shares were delisted from NSE on 27 Aug 2021 · compulsory delisting and from BSE on 20 Sep 2021 · compulsory delisting, and no longer trade on a stock exchange.
High Ground Enterprise has open charges of ₹94.84 Cr and satisfied charges of ₹18.39 Cr as per latest MCA filings.
High Ground Enterprise has 40 court cases on record: 17 filed by the company and 23 filed against it. 16 are pending. Most are in the district courts.
High Ground Enterprise was incorporated on 15 January 1986. It is registered with the Registrar of Companies, Mumbai.
High Ground Enterprise has 17 deals on record (17 market trades); the latest was in October 2019.
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