About Isolux Corsan India Engineering & Construction Private Limited
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Isolux Corsan India Engineering & Construction Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Isolux Ingenieria S.A.. 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 general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 25 June 2008.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140HR2008PTC038089. Its GSTIN is 06AABCI9232Q2Z3 (Haryana). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹65 Cr and a paid-up capital of ₹60.6 Cr. It is led by directors Prabhat Kumar Shrivastava and Pankaj Tandon.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Gurgaon, Haryana.
As per the financials filed for FY 2015, the company reported a revenue of ₹735 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹26.75 Cr (net margin 3.6%) and EBITDA of ₹62.9 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹771.52 Cr on record. Court records list 68 cases involving the company, including 30 filed by the company and 39 filed against it; 25 cases are pending.
The last known website on record is isoluxcorsan.com.
Company details
Contact details
Isolux Corsan India Engineering & Construction Private Limited's registered office is in Gurgaon, Haryana. Its website is isoluxcorsan.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address1st Floor Splendor Towers Golf Course Extension Road, Sector – 65 India, Gurgaon, Haryana, India – 122018
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Isolux Corsan India Engineering & Construction 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
Financials of Isolux Corsan India Engineering & Construction Private Limited
FY 2016 filings availableIsolux Corsan India Engineering & Construction Private Limited reported revenue of ₹735 Cr (up 46% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over three years, including 46% growth in the latest year. EBITDA rose 99% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹735 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹62.9 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹26.75 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 8.6% |
| Net Profit Margin | 3.6% |
| 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 Isolux Corsan India Engineering & Construction Private Limited, buy the company report.
Board of directors of Isolux Corsan India Engineering & Construction Private Limited
Isolux Corsan India Engineering & Construction has 2 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhat Kumar Shrivastava Also directs: Vituscare Medlife Private Limited | Director | 23 Jul 2015 | 11 Years 3 Months | As last reported |
| Pankaj Tandon Also directs: Vituscare Medlife Private Limited | Director | 23 Sep 2016 | 10 Years 1 Months | As last reported |
Auditor
Isolux Corsan India Engineering & Construction Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2015 | 012754N/N500016 |
Shareholding
The shareholding of Isolux Corsan India Engineering & Construction Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Isolux Corsan India Engineering & Construction Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2016 | 100061003 | Others | ₹36.97 Lakh | Open | |
| 03 Sep 2016 | 100052013 | Hdfc Bank Limited | ₹86.91 Lakh | Open | |
| 23 Aug 2016 | 100050146 | Hdfc Bank Limited | ₹1.29 Cr | Open | |
| 31 Jul 2016 | 100047898 | Others | ₹1.96 Cr | Open | |
| 07 Jul 2016 | 100042547 | Others | ₹40.53 Lakh | Open |
To see the full charge records of Isolux Corsan India Engineering & Construction Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Isolux Corsan India Engineering & Construction Private Limited has 68 court cases on record: 30 filed by Isolux Corsan India Engineering & Construction, 39 filed against it. 25 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 28 | 18 | 18 |
| High courts | 16 | 7 | 5 |
| NCLT | 12 | 6 | 0 |
| District courts | 10 | 8 | 2 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Uttarakhand | Court case (C528) | Filed by the company against C and C Constructions Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Tbea Energy India Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Tbea Energy India Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed against the company by Tbea Energy India Private Limited | Pending |
| High Court, UTTARAKHAND | Court case (C528) | Filed by the company against C and C Constructions Limited and 4 others | Pending |
To see the full case history of Isolux Corsan India Engineering & Construction 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 Isolux Corsan India Engineering & Construction Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Isolux Corsan India Engineering & Construction has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCI9232Q2Z3 | Haryana | Active | 01 Sep 2020 |
To see the full GST registrations and return filing status of Isolux Corsan India Engineering & Construction Private Limited, buy the company report.
Recent activity
Isolux Corsan India Engineering & Construction Private Limited has 20 board changes on record since 2011: 2 appointments and 18 cessations. The latest: Pankaj Tandon ceased to be Director on 15 Jun 2017.
25 earlier events are in the company report.
Frequently asked questions
Isolux Corsan India Engineering & Construction 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.
Isolux Corsan India Engineering & Construction is a company under liquidation, formerly operating as a private limited company based in Gurgaon, Haryana, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 25 June 2008 and is registered under CIN U74140HR2008PTC038089. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Isolux Corsan India Engineering & Construction has 2 current directors:
- Prabhat Kumar Shrivastava - Director
- Pankaj Tandon - Director
The latest financial statements of Isolux Corsan India Engineering & Construction on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Isolux Corsan India Engineering & Construction is U74140HR2008PTC038089. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Isolux Corsan India Engineering & Construction has open charges of ₹771.52 Cr and no satisfied charges on record as per latest MCA filings.
Isolux Corsan India Engineering & Construction has 68 court cases on record: 30 filed by the company and 39 filed against it. 25 are pending. Most are in the nclat.
Isolux Corsan India Engineering & Construction was incorporated on 25 June 2008. It is registered with the Registrar of Companies, Delhi.
Pankaj Tandon ceased to be Director on 15 Jun 2017. Prabhat Kumar Shrivastava ceased to be Director on 15 Jun 2017. Andleeb Jain ceased to be Director on 22 May 2017. Isolux Corsan India Engineering & Construction has 20 board changes on record in total.
Isolux Corsan India Engineering & Construction can be reached through the website isoluxcorsan.com. Its registered office is in Gurgaon, Haryana, India.
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