JCT Electronics Ltd.
About JCT Electronics Ltd.
Data last updated:
JCT Electronics Ltd. is a public limited company based in Punjab, India, a subsidiary of Team Plus Securities Limited. 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 industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 31 August 1976.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L32109PB1976PLC003680. The company has 4 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 02 Jul 2018 · winding up and from BSE on 14 Feb 2020 · winding up, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹78.82 Cr. It is led by directors including Arjun Thapar (Managing Director) and Kamal Khanna.
Its last annual general meeting (AGM) was held on 29 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at A 32 Industrial Phase VIII Sasnagar Mohali Ropar, Punjab, India.
As per the financials filed for FY 2015, the company reported a revenue of ₹5.72 Cr, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹72.64 Cr and EBITDA of -₹4.88 Cr (EBITDA margin -85.4%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years.
The company is associated with 1 brand: JCT Electronics. As per MCA filings, the company has open charges of ₹202.69 Cr on record. Court records list 282 cases involving the company, including 163 filed by the company and 119 filed against it; 24 cases are pending. The company has 1 deal on record (1 market trade); the latest was in December 2007.
Company details
Contact details
JCT Electronics Ltd.'s registered office is in Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressA 32 Industrial Phase VIII Sasnagar Mohali Ropar, Punjab, India
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of JCT Electronics 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
JCT Electronics operates one associated brand: JCT Electronics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of Colour Picture Tube(CPT), Pure Flat & Ultra Slim Tubes | jctel.com |
Financials of JCT Electronics Ltd.
FY 2015 filings availableJCT Electronics Ltd. reported revenue of ₹5.72 Cr (down 90% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 70% over three years, including a 90% fall 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 | ₹5.72 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹4.88 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹72.64 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 | -85.4% |
| 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 JCT Electronics Ltd., buy the company report.
Board of directors of JCT Electronics Ltd.
JCT Electronics has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Khanna Also directs: Team Plus Securities Limited, Apj Financial Services Private Limited, Ans Holdings Private Limited and 2 more | Director | 14 Aug 2015 | 11 Years 2 Months | As last reported |
| Arjun Thapar | Managing Director | 04 Feb 1988 | 38 Years 8 Months | As last reported |
| Harish Thapar Also directs: Team Plus Securities Limited | Director | 24 Feb 2016 | 10 Years 8 Months | As last reported |
Auditor
JCT Electronics Ltd. is audited by V SAHAI TRIPATHI & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V SAHAI TRIPATHI & CO | FY 2015 | 000262N |
Shareholding
The shareholding of JCT Electronics Ltd. is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of JCT Electronics Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Oct 2008 | 10126971 | Asset Reconstruction Company (India) Limited | ₹9.24 Cr | Open | |
| 14 May 2004 | 80066757 | Allahabad Bank, Industrial Finance Branch | ₹10 Cr | Open | |
| 01 Feb 1999 | 80066133 | Punjab National Bank | ₹14.4 Cr | Open | |
| 27 Mar 1998 | 80068273 | Asset Reconstruction Company (India) Limited | ₹35.8 Cr | Open | |
| 02 Nov 1995 | 80068271 | Asset Reconstruction Company (India) Limited | ₹40 Cr | Open |
To see the full charge records of JCT Electronics Ltd., buy the company report.
Total charge records: 12 View all charges
Deals & funding
JCT Electronics Ltd. has 1 deal on record (1 market trade); the latest was in December 2007.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2007 | Market trade | ₹17.8 Lakh | Buyer: JMP Securities Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
JCT Electronics Ltd. has 282 court cases on record: 163 filed by JCT Electronics, 119 filed against it. 24 cases are pending and 258 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 180 | 37 | 12 |
| District courts | 93 | 76 | 10 |
| Supreme Court | 9 | 6 | 2 |
Cases on record (5 of 282)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (SMST S) | Filed against the company by Machhar Polymer Pvt.Ltd. | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Asset Reconstruction Company (India) Ltd | Pending |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by Smifs Securities Limited | Pending |
| High Court of Punjab and Haryana | Court case (CAPP) | Filed against the company by Asset Reconstruction Company (India) Limited | Disposed |
| District court, Vadodara, Gujarat | Court case (EXE S) | Filed against the company by Silver Chem Industries (Bombay)Pvt Ltd. | Disposed |
To see the full case history of JCT Electronics 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for JCT Electronics Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
JCT Electronics has 4 associated companies. This group structure data is as of FY 2015. The table lists each entity with its relationship and holding.
Employees & EPFO
JCT Electronics Ltd. has 4 active EPFO establishments as of Apr 06, 2024.
GST
JCT Electronics has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of JCT Electronics Ltd., buy the company report.
Recent activity
JCT Electronics Ltd. has 34 board changes on record since 1987: 18 appointments and 16 cessations. The latest: Roshan Lal Sharma ceased to be Additional Director on 29 Feb 2016.
47 earlier events are in the company report.
Frequently asked questions
JCT Electronics 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.
JCT Electronics is a company under liquidation, formerly operating as a public limited company based in Punjab, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 31 August 1976 and is registered under CIN L32109PB1976PLC003680. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
JCT Electronics has 3 current directors:
- Arjun Thapar - Managing Director
- Kamal Khanna - Director
- Harish Thapar - Director
The latest financial statements of JCT Electronics on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 29 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of JCT Electronics is L32109PB1976PLC003680. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JCT Electronics is recorded as a listed company by MCA, but its shares were delisted from NSE on 02 Jul 2018 · winding up and from BSE on 14 Feb 2020 · winding up, and no longer trade on a stock exchange.
JCT Electronics has open charges of ₹202.69 Cr and no satisfied charges on record as per latest MCA filings.
JCT Electronics has 282 court cases on record: 163 filed by the company and 119 filed against it. 24 are pending. Most are in the high courts.
JCT Electronics was incorporated on 31 August 1976. It is registered with the Registrar of Companies, Chandigarh.
JCT Electronics has 1 deal on record (1 market trade); the latest was in December 2007.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
