Kaizen Power Limited
About Kaizen Power Limited
Data last updated:
Kaizen Power Limited is a public limited company based in Kolkata, West Bengal, 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 thermal power generation and plants segment of the energy and power sector. It was incorporated on 16 July 2007.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U45300WB2007PLC117195. Its GSTIN is 19AACCN5619F1ZF (West Bengal). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹47 Cr and a paid-up capital of ₹28.66 Cr. It was formerly known as Kaizen Power Private Limited and Newtown Residency Private Limited. It is led by directors including Vidyasagar Prasad and Munnan Kumar Jaiswal.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Fe – 83 Sector – III Salt Lake City Ground Floor, Kolkata, West Bengal, India – 700106.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.39 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹33.59 Cr and EBITDA of -₹5.35 Lakh (EBITDA margin -384.9%).
As per MCA filings, the company has open charges of ₹1,530 Cr and satisfied charges of ₹400 Cr on record. Court records list 10 cases involving the company, including 5 filed by the company and 5 filed against it; 2 cases are pending. The company has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹198.99 Cr; the latest was in March 2012.
Company details
Name history
Kaizen Power has undergone 2 name changes throughout its history. The company was previously known as Kaizen Power Private Limited, and Newtown Residency Private Limited. The current legal name is Kaizen Power Limited.
| Company Name | Status |
|---|---|
| Kaizen Power Limited | Current |
| Kaizen Power Private Limited | Previous |
| Newtown Residency Private Limited | Previous |
CIN history
Kaizen Power has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45300WB2007PLC117195, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45300WB2007PLC117195 | Current |
| U45400WB2007PTC117195 | Previous |
| U45300WB2007PTC117195 | Previous |
Contact details
Kaizen Power Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered AddressFe – 83 Sector – III Salt Lake City Ground Floor, Kolkata, West Bengal, India – 700106
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Kaizen Power 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 Kaizen Power is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
Financials of Kaizen Power Limited
FY 2017 filings availableKaizen Power Limited reported revenue of ₹1.39 Lakh (up 1% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year. EBITDA rose 85% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1.39 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹5.35 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹33.59 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 | -384.9% | ||
| 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 Kaizen Power Limited, buy the company report.
Board of directors of Kaizen Power Limited
Kaizen Power has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vidyasagar Prasad Also directs: Worldcon Infra Limited, Abhijeet Enterprises Limited, Guinea Vyapaar Private Limited and 2 more | Additional Director | 27 Dec 2014 | 11 Years 9 Months | As last reported |
| Munnan Kumar Jaiswal Also directs: Worldcon Infra Limited, Abhijeet Angul Sambalpur Toll Road Limited, Abhijeet Power Limited and 5 more | Additional Director | 20 Nov 2014 | 11 Years 11 Months | As last reported |
| Bishal Jaiswal Also directs: Abhijeet Bihar Roadways Limited, Abhijeet Angul Sambalpur Toll Road Limited, Efficient Ventures Private Limited and 3 more | Additional Director | 27 Dec 2014 | 11 Years 9 Months | As last reported |
Auditor
Kaizen Power Limited is audited by S R K N & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R K N & ASSOCIATES | FY 2017 | 015910C |
Shareholding
The shareholding of Kaizen Power Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Kaizen Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2013 | 10399804 | Sbicap Trustee Company Limited | ₹1,315 Cr | Open | |
| 11 Jul 2012 | 10370023 | Oriental Bank of Commerce | ₹40 Cr | Open | |
| 27 Sep 2011 | 10312577 | Uco Bank | ₹175 Cr | Open | |
| 28 Jan 2011 | 10265122 | Uco Bank | ₹200 Cr | Satisfied | |
| 13 Jan 2011 | 10264215 | Uco Bank | ₹200 Cr | Satisfied |
To see the full charge records of Kaizen Power Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Kaizen Power Limited has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹198.99 Cr; the latest was in March 2012.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Rights issue | ₹87.47 Cr | Investors: Abhijeet Powgen Limited , Abhijeet Ferrotech Limited |
| Dec 2011 | Funding round | ₹3.59 Cr | Investors: Abhijeet Powgen Limited , Abhijeet Ferrotech Limited |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: Indo Invest Vision Private Limited , Suvidha Infraprojects Private Limited , Splendor Power Private Limited Seller: Noble Power Private Limited , Bahubali Properties Ltd , Rangbarshi Projects Limited |
| Dec 2009 | Funding round | ₹195.4 Cr | Investors: Abhijeet Powgen Limited , Abhijeet Ferrotech Limited , Noble Power Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kaizen Power Limited has 10 court cases on record: 5 filed by Kaizen Power, 5 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 2 |
| High courts | 3 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Bharat Heavy Electricals Limited | Pending |
| High Court, TELANGANA | Arbitration matter | Filed by the company against Andhra Pradesh Industrial Infrastructure Corporation Limited | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Execution petition | Filed against the company by Ms Pathbreaking Projects Ltd., | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Southern Power Distribution Company of Andhra Pradesh Ltd., and 2 others | Disposed |
| District court, Nagpur, Maharashtra | Court case (Cri.Case) | Filed against the company by an individual | Pending |
To see the full case history of Kaizen Power 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 Kaizen Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Kaizen Power has 4 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
Employees & EPFO
Kaizen Power Limited has 1 active EPFO establishment as of Mar 30, 2024.
GST
Kaizen Power has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCN5619F1ZF | West Bengal | Active | 21 Jul 2020 |
| 37AACCN5619F1ZH | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kaizen Power Limited, buy the company report.
Recent activity
Kaizen Power Limited has 15 board changes on record since 2007: 3 appointments and 12 cessations. The latest: Bishal Jaiswal was appointed as Additional Director on 27 Dec 2014.
16 earlier events are in the company report.
Frequently asked questions
Kaizen 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.
Kaizen Power is a company under insolvency, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 16 July 2007 and is registered under CIN U45300WB2007PLC117195. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Kaizen Power has 3 current directors:
- Vidyasagar Prasad - Additional Director
- Munnan Kumar Jaiswal - Additional Director
- Bishal Jaiswal - Additional Director
The latest financial statements of Kaizen Power on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Kaizen Power is U45300WB2007PLC117195. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kaizen Power has open charges of ₹1,530 Cr and satisfied charges of ₹400 Cr as per latest MCA filings.
Kaizen Power has 10 court cases on record: 5 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Kaizen Power was incorporated on 16 July 2007. It is registered with the Registrar of Companies, Kolkata.
Kaizen Power has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹198.99 Cr; the latest was in March 2012.
Bishal Jaiswal was appointed as Additional Director on 27 Dec 2014. Manoj Kumar Jayaswal ceased to be Director on 27 Dec 2014. Ravindra Jayaswal ceased to be Additional Director on 27 Dec 2014. Kaizen Power has 15 board changes on record in total.