About Archon Engicon Limited
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Archon Engicon Limited is a public limited company based in Ahmedabad, Gujarat, 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 telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 22 December 2004.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45204GJ2004PLC045191. Its GSTIN is 24AAECA9924A1Z1 (Gujarat). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹12 Cr. It was formerly known as Archon Engicon Private Limited. It is led by directors including Chandrashekhar Balkrishna Panchal (Managing Director) and Sunil Kumar Kabra (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at A/1 Shivam Sundaram Complexabove Adc Bank Opp Haresh Dudhiya Gurukul Road, Ahmedabad, Gujarat, India.
As per the financials filed for FY 2014, the company reported a revenue of ₹640.32 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹15.86 Cr (net margin 2.5%) and EBITDA of ₹43.35 Cr (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years.
The company has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹944.61 Cr and satisfied charges of ₹36 Cr on record. Court records list 178 cases involving the company, including 24 filed by the company and 157 filed against it; 64 cases are pending.
The last known website on record is archonengicon.com.
Company details
CIN history
Archon Engicon has one previous CIN (Corporate Identification Number): U45204GJ2004PTC045191. The current CIN is U45204GJ2004PLC045191, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45204GJ2004PLC045191 | Current |
| U45204GJ2004PTC045191 | Previous |
Contact details
Archon Engicon Limited's registered office is in Ahmedabad, Gujarat. Its website is archonengicon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA/1 Shivam Sundaram Complexabove Adc Bank Opp Haresh Dudhiya Gurukul Road, Ahmedabad, Gujarat, India
- IndustryTelecom, Telecom Equipment & Tech Solutions
To see the full contact details of Archon Engicon 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 Archon Engicon Limited
FY 2017 filings availableArchon Engicon Limited reported revenue of ₹640.32 Cr (up 20% YoY) for FY 2014.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over three years, including 20% growth in the latest year. EBITDA rose 16% 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 2013-14 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹640.32 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹43.35 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹15.86 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 2013-14 |
|---|---|
| Profitability | |
| EBITDA Margin | 6.8% |
| Net Profit Margin | 2.5% |
| 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 Archon Engicon Limited, buy the company report.
Board of directors of Archon Engicon Limited
Archon Engicon has 5 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandrashekhar Balkrishna Panchal Also directs: Archon Industries Limited | Managing Director | 22 Dec 2004 | 21 Years 10 Months | As last reported |
| Sunil Kumar Kabra Also directs: J L N U S and Co LLP, Shree Rajeshwaranand Paper Mills Limited, Jlnus Overseas India Private Limited and 1 more | Irp/Rp/Liquidator | 03 May 2023 | 3 Years 5 Months | As last reported |
| Sandip Narayan Chaudhari | Additional Director | 08 Sep 2016 | 10 Years 1 Months | As last reported |
| Amitkumar Narendrabhai Thakkar | Director | 09 Oct 2017 | 9 Years 0 Months | As last reported |
| Sandip Jagannath Panchal Also directs: CMN Equipments Private Limited | Additional Director | 15 Jul 2015 | 11 Years 3 Months | As last reported |
Shareholding
The shareholding of Archon Engicon Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Archon Engicon Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2013 | 10410864 | Intec Capital Limited | ₹4.1 Cr | Open | |
| 04 Mar 2008 | 10091945 | Pnb Investment Service Ltd - Sec Trustee of Sbi Const - Sbi Idbi Sbp Cb Bob Boi Db | ₹427 Cr | Open | |
| 14 Nov 2007 | 10075700 | Pnb Investment Services Limited | ₹513.51 Cr | Open | |
| 28 Oct 2011 | 10319787 | Intec Capital Limited | ₹70 Lakh | Satisfied | |
| 15 Jul 2011 | 10298250 | Hdfc Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Archon Engicon Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Archon Engicon Limited has 178 court cases on record: 24 filed by Archon Engicon, 157 filed against it. 64 cases are pending and 114 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 131 | 128 | 58 |
| NCLT | 24 | 15 | 2 |
| High courts | 23 | 14 | 4 |
Cases on record (5 of 178)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Court case (FAPL) | Filed by the company against U.P.Power Transmission Corporation Ltd.Lko.And Another | Pending |
| High Court, GUJARAT | Appeal | Filed against the company by M/S Archon Engicon Limited | Disposed |
| High Court, GUJARAT | Appeal | Filed by the company against Sunil Kumar Kabra, Liquidator of M/S Archon Engicon Ltd.1 and 9 others | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Uttar Pradesh Power Transmission Corporation Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Archon Equipment Private Limited and 6 others | Disposed |
To see the full case history of Archon Engicon 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 Archon Engicon Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Archon Engicon Limited has a workforce of 19 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Archon Engicon has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECA9924A1Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Archon Engicon Limited, buy the company report.
Recent activity
Archon Engicon Limited has 15 board changes on record since 2004: 5 appointments and 10 cessations. The latest: Sunil Kumar Kabra was appointed as Irp/Rp/Liquidator on 03 May 2023.
23 earlier events are in the company report.
Frequently asked questions
Archon Engicon 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.
Archon Engicon is a company under liquidation, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 22 December 2004 and is registered under CIN U45204GJ2004PLC045191. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Archon Engicon has 5 current directors:
- Chandrashekhar Balkrishna Panchal - Managing Director
- Sandip Narayan Chaudhari - Additional Director
- Amitkumar Narendrabhai Thakkar - Director
- Sandip Jagannath Panchal - Additional Director
- Sunil Kumar Kabra - Irp/Rp/Liquidator
The latest financial statements of Archon Engicon on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Archon Engicon is U45204GJ2004PLC045191. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Archon Engicon has open charges of ₹944.61 Cr and satisfied charges of ₹36 Cr as per latest MCA filings.
Archon Engicon has 178 court cases on record: 24 filed by the company and 157 filed against it. 64 are pending. Most are in the district courts.
Archon Engicon was incorporated on 22 December 2004. It is registered with the Registrar of Companies, Ahmedabad.
Sunil Kumar Kabra was appointed as Irp/Rp/Liquidator on 03 May 2023. Shipra Rathi ceased to be Company Secretary on 31 Jan 2021. Amitkumar Narendrabhai Thakkar was appointed as Director on 09 Oct 2017. Archon Engicon has 15 board changes on record in total.
Archon Engicon can be reached through the website archonengicon.com. Its registered office is in Ahmedabad, Gujarat, India.