About Hema Engineering Industries Ltd
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Hema Engineering Industries Ltd is a public limited company based in New Delhi, Delhi, 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 auto parts and components segment of the automotive sector. It was incorporated on 22 September 1987.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74210DL1987PLC029299. Its GSTIN is 06AAACH0118F2Z9 (Haryana). The company holds 10 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹40.85 Cr. It was formerly known as Hema Engineering Industries Private Limited. It is led by directors including Chandresh Jajoo (Managing Director) and Sangeeta Kumar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Sachidanand Farm Hou.Kishangarh Vill Op.Swiming Po Ol Dda Sport Complex Lane Green Avenue V, Asant Kunj, New Delhi, Delhi, India – 110070.
As per the financials filed for FY 2019, the company reported a revenue of ₹1,661.55 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹17.87 Cr (net margin 1.1%) and EBITDA of ₹185.61 Cr (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years.
The company has about 185 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 1 joint venture.
The company is associated with 1 brand: Hema Engineering. As per MCA filings, the company has open charges of ₹946.53 Cr and satisfied charges of ₹560.4 Cr on record. Court records list 166 cases involving the company, including 13 filed by the company and 154 filed against it; 32 cases are pending. The company has 14 deals on record (8 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹48.86 Cr; the latest was in March 2016.
The last known website on record is hemaengineering.com.
Company details
Contact details
Hema Engineering Industries Ltd's registered office is in New Delhi, Delhi. Its website is hemaengineering.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressSachidanand Farm Hou.Kishangarh Vill Op.Swiming Po Ol Dda Sport Complex Lane Green Avenue V, Asant Kunj, New Delhi, Delhi, India – 110070
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Hema Engineering Industries Ltd, 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
Brands
Hema Engineering Industries operates one associated brand: Hema Engineering. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Major auto components for two-wheelers are manufactured and supplied. | hemaengineering.com |
Business activity
The main business activity of Hema Engineering Industries is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Hema Engineering Industries Ltd, buy the company report.
Financials of Hema Engineering Industries Ltd
FY 2019 filings availableHema Engineering Industries Ltd reported revenue of ₹1,661.55 Cr (up 22% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over three years, including 22% growth in the latest year. EBITDA rose 15% 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
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| EBITDA | ₹185.61 Cr | ||||
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| Net Profit (PAT) | ₹17.87 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 1.1% | ||||
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To see the full financial statements and ratios of Hema Engineering Industries Ltd, buy the company report.
Board of directors of Hema Engineering Industries Ltd
Hema Engineering Industries has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandresh Jajoo | Managing Director | 19 Jul 1994 | 32 Years 3 Months | As last reported |
| Tarkeshwar | Additional Director | 12 Dec 2020 | 5 Years 10 Months | As last reported |
| Sangeeta Kumar | Director | 27 Mar 2018 | 8 Years 6 Months | As last reported |
Auditor
Hema Engineering Industries Ltd is audited by A K M W AND CO LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K M W AND CO LLP | FY 2019 | 002362N |
Shareholding
The shareholding of Hema Engineering Industries Ltd is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hema Engineering Industries Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2021 | 100454061 | Tata Capital Financial Services Limited | ₹10 Cr | Open | |
| 25 Feb 2020 | 100332664 | Others | ₹14.7 Cr | Open | |
| 04 Nov 2019 | 100301131 | Others | ₹145 Cr | Open | |
| 06 Feb 2019 | 100241847 | Others | ₹16 Cr | Open | |
| 31 Aug 2018 | 100213635 | Others | ₹60 Cr | Open |
To see the full charge records of Hema Engineering Industries Ltd, buy the company report.
Total charge records: 79 View all charges
Deals & funding
Hema Engineering Industries Ltd has 14 deals on record (8 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹48.86 Cr; the latest was in March 2016.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Kay Jay Fincap Limited Seller: 2 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Kay Jay Fincap Limited Seller: an individual |
| Nov 2011 | Secondary share transfer | Undisclosed | Buyer: Kay Jay Fincap Limited Seller: 2 individuals |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: Kay Jay Fincap Limited Seller: an individual |
| Mar 2011 | Funding round | ₹22.21 Cr | Investors: Kay Jay Fincap Limited , Upasana Family Trust, 2 individuals |
To see the full deal history of Hema Engineering Industries Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hema Engineering Industries Ltd has 166 court cases on record: 13 filed by Hema Engineering Industries, 154 filed against it. 32 cases are pending and 134 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 111 | 106 | 31 |
| High courts | 26 | 22 | 1 |
| NCLT | 16 | 16 | 0 |
| NCLAT | 8 | 8 | 0 |
| Supreme Court | 5 | 2 | 0 |
Cases on record (5 of 166)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Siemens Financial Services Pvt Ltd | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Icici Bank Ltd | Pending |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Mahindra and Mahindra Financial Services Ltd. | Disposed |
| High Court, MAHARASHTRA | Court case (CARAP) | Filed against the company by Mahindra and Mahindra Financial Services Ltd | Disposed |
| District court, South East, Delhi | Revision petition | Filed against the company by M/S Jyoti Strips Pvt. Ltd. | Disposed |
To see the full case history of Hema Engineering Industries Ltd, 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
Hema Engineering Industries Ltd was last rated by Care on 24 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Jun 2022 |
To see the full credit ratings and regulatory alerts of Hema Engineering Industries Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hema Engineering Industries Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Hema Engineering Industries has 1 subsidiary company, 1 joint venture, and 2 associated companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Eurotherm Hema Radiators India Limited | U28133DL2004PLC128719 |
To see the full group structure of Hema Engineering Industries Ltd, buy the company report.
Employees & EPFO
Hema Engineering Industries Ltd has a workforce of 185 employees on its EPFO records as of Apr 08, 2024, across 8 active EPFO establishments.
GST
Hema Engineering Industries has 10 GST registrations: 2 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACH0118F2Z9 | Haryana | Active | 01 Jul 2017 |
| 33AAACH0118F2ZC | Tamil Nadu | Active | 05 Apr 2021 |
To see the full GST registrations and return filing status of Hema Engineering Industries Ltd, buy the company report.
Recent activity
Hema Engineering Industries Ltd has 21 board changes on record since 1994: 3 appointments and 18 cessations. The latest: Tarkeshwar ceased to be Additional Director on 22 Feb 2021.
172 earlier events are in the company report.
News
Frequently asked questions
Hema Engineering Industries 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.
Hema Engineering Industries is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 22 September 1987 and is registered under CIN U74210DL1987PLC029299. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Hema Engineering Industries has 3 current directors:
- Chandresh Jajoo - Managing Director
- Tarkeshwar - Additional Director
- Sangeeta Kumar - Director
The latest financial statements of Hema Engineering Industries on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Hema Engineering Industries is U74210DL1987PLC029299. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hema Engineering Industries has open charges of ₹946.53 Cr and satisfied charges of ₹560.4 Cr as per latest MCA filings.
Hema Engineering Industries has 166 court cases on record: 13 filed by the company and 154 filed against it. 32 are pending. Most are in the district courts.
Hema Engineering Industries was incorporated on 22 September 1987. It is registered with the Registrar of Companies, Delhi.
Hema Engineering Industries has 14 deals on record (8 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹48.86 Cr; the latest was in March 2016.
Tarkeshwar ceased to be Additional Director on 22 Feb 2021. Tarkeshwar was appointed as Additional Director on 12 Dec 2020. Suresh Kumar Kalra ceased to be Company Secretary on 07 Dec 2020. Hema Engineering Industries has 21 board changes on record in total.