About Herodex Power Systems Private Limited
Data last updated:
Herodex Power Systems Private Limited is a private limited company based in Nashik, Maharashtra, 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 power equipment manufacturers segment of the energy and power sector. It was incorporated on 17 August 1995.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1995PTC091868. Its GSTIN is 27AABCH2509R1Z9 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.35 Cr. It is led by directors including Shashank Keshav Kalkar and Rajshekhar Kashinath Kale.
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 Plot No 38 MIDC Area Satpur, Nashik, Maharashtra, India – 422007.
As per the financials filed for FY 2016, the company reported a revenue of ₹30.38 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹60.38 Lakh (net margin 2%) and EBITDA of ₹5.51 Cr (EBITDA margin 18.1%).
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50.74 Cr and satisfied charges of ₹6.57 Lakh on record. Court records list 16 cases involving the company, including 8 filed by the company and 8 filed against it; 4 cases are pending.
The last known website on record is herodex.com.
Company details
Contact details
Herodex Power Systems Private Limited's registered office is in Nashik, Maharashtra. Its website is herodex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 38 MIDC Area Satpur, Nashik, Maharashtra, India – 422007
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Herodex Power Systems 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
Business activity
The main business activity of Herodex Power Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Herodex Power Systems Private Limited, buy the company report.
Financials of Herodex Power Systems Private Limited
FY 2017 filings availableHerodex Power Systems Private Limited reported revenue of ₹30.38 Cr (down 25% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year. EBITDA rose 3% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹5.51 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹60.38 Lakh | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 18.1% | |
| Net Profit Margin | 2% | |
| 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 Herodex Power Systems Private Limited, buy the company report.
Board of directors of Herodex Power Systems Private Limited
Herodex Power Systems has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashank Keshav Kalkar Also directs: Facts Power Dynamics Private Limited | Director | 03 Feb 2006 | 20 Years 8 Months | As last reported |
| Rajshekhar Kashinath Kale | Director | 17 Nov 2015 | 10 Years 11 Months | As last reported |
| Prakash Mishra Nath | Irp/Rp/Liquidator | 11 Apr 2023 | 3 Years 6 Months | As last reported |
Peer comparison
Herodex Power Systems Private Limited is compared with the 6 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mirzapur Electrical Industries Ltd. | ₹30.81 Cr (FY 2024) | 52.0% | Kolkata, West Bengal, India | |||
| M R M Procom Private Limited | ₹30.64 Cr (FY 2024) | 6.0% | New Delhi, Delhi, India | |||
| BMC Electroplast Pvt Ltd | ₹30.58 Cr (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Herodex Power Systems Private Limitedthis company | ₹30.38 Cr (FY 2016) | ₹60.38 Lakh | 2% | -25.0% | 23 | Nashik, Maharashtra, India |
| Shivam Electricals Private Limited | ₹30.32 Cr (FY 2024) | 46.0% | Mumbai, Maharashtra, India | |||
| Sun Automat Controls Private Limited | ₹30.31 Cr (FY 2025) | 3.0% | Ahmedabad, Gujarat, India | |||
| D.B. Electricals Private Limited | ₹30.28 Cr (FY 2024) | -16.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Herodex Power Systems Private Limited, buy the company report.
Auditor
Herodex Power Systems Private Limited is audited by KAYDE & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAYDE & ASSOCIATES | FY 2015 | 121092W |
Shareholding
The shareholding of Herodex Power Systems Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Herodex Power Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2009 | 10151581 | Canara Bank | ₹7.27 Lakh | Open | |
| 07 Oct 2008 | 10126581 | Canara Bank | ₹1.75 Cr | Open | |
| 26 Mar 2007 | 10046752 | Canara Bank | ₹48.92 Cr | Open | |
| 08 Nov 2006 | 10030613 | Centurion Bank of Punjab Ltd | ₹6.57 Lakh | Satisfied |
To see the full charge records of Herodex Power Systems Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Herodex Power Systems Private Limited has 16 court cases on record: 8 filed by Herodex Power Systems, 8 filed against it. 4 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 2 | 2 |
| District courts | 6 | 6 | 2 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North, Delhi | Execution petition | Filed against the company by M/S Hyphen Cables Pvt. Ltd. | Disposed |
| District court, Nashik, Maharashtra | Commercial suit | Filed against the company by Epcos India Private Limited | Disposed |
| District court, North, Delhi | Civil suit | Filed against the company by Hyphen Cables Pvt.Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Epcos India Pvt. Ltd. | Disposed |
| High Court for State of Telangana | Court case (CRLP) | Filed by the company against The State of Telangana, Through PS Wco, Team-1 CCS, D.D, and 1 other | Pending |
To see the full case history of Herodex Power Systems 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.
Credit ratings & regulatory alerts
Herodex Power Systems Private Limited was last rated by Crisil on 16 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 16 Sep 2020 |
To see the full credit ratings and regulatory alerts of Herodex Power Systems Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Herodex Power Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Herodex Power Systems Private Limited has a workforce of 23 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Herodex Power Systems has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCH2509R1Z9 | Maharashtra | Active | 01 Jul 2017 |
| 33AABCH2509R1ZG | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Herodex Power Systems Private Limited, buy the company report.
Recent activity
Herodex Power Systems Private Limited has 6 board changes on record since 2006: 3 appointments and 3 cessations. The latest: Prakash Mishra Nath was appointed as Irp/Rp/Liquidator on 11 Apr 2023.
3 earlier events are in the company report.
Frequently asked questions
Herodex Power Systems 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.
Herodex Power Systems is a company under liquidation, formerly operating as a private limited company based in Nashik, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 17 August 1995 and is registered under CIN U51900MH1995PTC091868. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Herodex Power Systems has 3 current directors:
- Shashank Keshav Kalkar - Director
- Rajshekhar Kashinath Kale - Director
- Prakash Mishra Nath - Irp/Rp/Liquidator
The latest financial statements of Herodex Power Systems 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 Herodex Power Systems is U51900MH1995PTC091868. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Herodex Power Systems has open charges of ₹50.74 Cr and satisfied charges of ₹6.57 Lakh as per latest MCA filings.
Herodex Power Systems has 16 court cases on record: 8 filed by the company and 8 filed against it. 4 are pending. Most are in the high courts.
Herodex Power Systems was incorporated on 17 August 1995. It is registered with the Registrar of Companies, Mumbai.
The peers of Herodex Power Systems by revenue are Mirzapur Electrical Industries Ltd, M R M Procom Private Limited, BMC Electroplast Pvt Ltd, Shivam Electricals Private Limited, Sun Automat Controls Private Limited and 1 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Prakash Mishra Nath was appointed as Irp/Rp/Liquidator on 11 Apr 2023. Rajshekhar Kashinath Kale ceased to be Director on 18 May 2018. Rajshekhar Kashinath Kale was appointed as Director on 17 Nov 2015. Herodex Power Systems has 6 board changes on record in total.
Herodex Power Systems can be reached through the website herodex.com. Its registered office is in Nashik, Maharashtra, India.
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