Hirma Power Limited
About Hirma Power Limited
Data last updated:
Hirma Power Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Jayamkondam Power 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 jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 27 December 1995.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40109MH1995PLC293128. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹89.33 Lakh. It was formerly known as Consolidated Electric Power Asia (India) Private Limited and Hirma Power Private Limited. It is led by directors including Laxminarayan Ramlal Sharma and Chandan Bala Jain.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.18 Lakh, a decline of 13.81% compared to the previous year.
As per MCA filings, the company has open charges of ₹1,081.7 Cr on record.
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- Registered AddressRaheja Point Wing B 7th Floor Nehru Rd. Nr Shamrao Vithal Bank Vakola Santacru, Z (East), Mumbai, Maharashtra, India – 400055
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
- 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
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Name History of Hirma Power Limited
Hirma Power has undergone 2 name changes throughout its history. The company was previously known as Consolidated Electric Power Asia (India) Private Limited, and Hirma Power Private Limited. The current legal name is Hirma Power Limited.
| Company Name | Status |
|---|---|
| Hirma Power Limited | Current |
| Consolidated Electric Power Asia (India) Private Limited | Previous |
| Hirma Power Private Limited | Previous |
CIN History of Hirma Power Limited
Hirma Power has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40109MH1995PLC293128, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40109MH1995PLC293128 | Current |
| U40109MH1995PLC292846 | Previous |
| U40109OR1995PLC004280 | Previous |
Business Activity of Hirma Power Limited
Hirma Power operates primarily in the trade sector. One business activity is registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Trade | Locked | Retail Trading | Locked |
Detailed business activity records
Activity codes and each activity's share of turnover are in the company report.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of Hirma Power Limited
Hirma Power Limited is audited by BAKLIWAL & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BAKLIWAL & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Hirma Power Limited
Hirma Power has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Laxminarayan Ramlal Sharma Also directs: Jolly Power Plant Equipment Private Limited | Director | 17 Mar 2020 | 6 Years 6 Months | As last reported |
| Chandan Bala Jain Also directs: Jayamkondam Power Limited, Worldcom Solutions Limited, Skyline Global Trade Private Limited and 2 more | Director | 31 Dec 2021 | 4 Years 9 Months | As last reported |
| Chandra Prakash Jain Also directs: Truue Ipe LLP, Schnik Tradelink Private Limited, Camel Technologies Private Limited and 1 more | Irp/Rp/Liquidator | 29 Oct 2024 | 1 Years 11 Months | As last reported |
| Ashokkumar Ramnivas Thalia | Director | 17 Mar 2020 | 6 Years 6 Months | As last reported |
Financials of Hirma Power Limited FY 2023 filings available
Hirma Power Limited reported revenue of ₹1.18 Lakh (down 13.81% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Hirma Power Limited
Revenue fell 13.81% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Hirma Power Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹1.18 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| 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 of Hirma Power Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Hirma Power are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Hirma Power Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Hirma Power Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Dec 2019 | Others | ₹432.4 Cr | Open |
| 22 Mar 2019 | Others | ₹175 Cr | Open |
| 11 Jan 2019 | Others | ₹130.3 Cr | Open |
| 22 Jun 2018 | Others | ₹19 Cr | Open |
| 29 May 2018 | Others | ₹50 Cr | Open |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Hirma Power Limited
Employment history and EPFO contributions of people linked to Hirma Power.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Hirma Power Limited
Hirma Power has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Hirma Power Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Hirma Power Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Hirma Power Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Hirma Power Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Hirma Power Limited
Frequently Asked Questions about Hirma Power Limited
Hirma Power 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.
Hirma Power is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 27 December 1995 and is registered under CIN U40109MH1995PLC293128. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Hirma Power reported revenue of ₹1.18 Lakh for FY 2021 (down 13.81% YoY).
Hirma Power has 4 current directors:
- Laxminarayan Ramlal Sharma - Director
- Chandan Bala Jain - Director
- Ashokkumar Ramnivas Thalia - Director
- Chandra Prakash Jain - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Hirma Power is U40109MH1995PLC293128. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hirma Power has open charges of ₹1,081.7 Cr and no satisfied charges on record as per latest MCA filings.
Hirma Power was incorporated on 27 December 1995. It is registered with the Registrar of Companies, Mumbai.
The registered office of Hirma Power is at Raheja Point Wing B 7th Floor Nehru Rd. Nr Shamrao Vithal Bank Vakola Santacru, Z East, Mumbai, Maharashtra, India – 400055.
Hirma Power has an authorised share capital of ₹1 Cr and a paid-up capital of ₹89.33 Lakh.