Falcon Technosystems Limited
About Falcon Technosystems Limited
Data last updated:
Falcon Technosystems Limited 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 electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 22 June 1994.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U93000DL1994PLC059753. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹33 Cr. It was formerly known as Mvl Telecom Limited. It is led by directors including Vijay Kumar Sood and Kalpana Gupta.
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 1201 B 12th Floor Hemkunt Chamber 89 Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2017, the company reported a revenue of ₹3.07 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹8.56 Lakh (net margin -278.6%) and EBITDA of -₹7.77 Lakh (EBITDA margin -252.9%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years.
As per MCA filings, the company has open charges of ₹607.89 Cr and satisfied charges of ₹98.35 Cr on record. Court records list 24 cases involving the company, including 2 filed by the company and 22 filed against it; 4 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in August 2010.
Company details
CIN history
Falcon Technosystems has one previous CIN (Corporate Identification Number): U99999DL1994PLC059753. The current CIN is U93000DL1994PLC059753, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000DL1994PLC059753 | Current |
| U99999DL1994PLC059753 | Previous |
Contact details
Falcon Technosystems Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address1201 B 12th Floor Hemkunt Chamber 89 Nehru Place, New Delhi, Delhi, India – 110019
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Falcon Technosystems 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 Falcon Technosystems is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Falcon Technosystems Limited, buy the company report.
Financials of Falcon Technosystems Limited
FY 2017 filings availableFalcon Technosystems Limited reported revenue of ₹3.07 Lakh (up 1% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 50%. EBITDA rose 90% 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 | ₹3.07 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹7.77 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹8.56 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -252.9% | ||
| Net Profit Margin | -278.6% | ||
| 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 Falcon Technosystems Limited, buy the company report.
Board of directors of Falcon Technosystems Limited
Falcon Technosystems has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kumar Sood Also directs: MVL Limited | Director | 01 Sep 2008 | 18 Years 1 Months | As last reported |
| Kalpana Gupta | Director | 23 Feb 2010 | 16 Years 8 Months | As last reported |
| Rajesh Galhotra Also directs: Media Magnetic Cassettes Limited, Media Holdings Private Limited | Director | 01 Feb 1995 | 31 Years 8 Months | As last reported |
| Prem Adip Rishi Also directs: MVL Limited, Udyan Horticultures Private Limited, Parisar Property Developers Private Limited and 2 more | Director | 22 Dec 1994 | 31 Years 10 Months | As last reported |
Auditor
Falcon Technosystems Limited is audited by MANOJ SATYA JAIN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOJ SATYA JAIN & CO | FY 2017 | 009060C |
Shareholding
The shareholding of Falcon Technosystems 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 Falcon Technosystems Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2011 | 10317352 | Central Bank of India | ₹5 Cr | Open | |
| 06 Aug 2011 | 10303065 | Dena Bank | ₹20 Cr | Open | |
| 08 May 2011 | 10291138 | Central Bank of India | ₹40 Cr | Open | |
| 15 Mar 2011 | 10279697 | Punjab & Sind Bank | ₹21 Cr | Open | |
| 15 Mar 2011 | 10279867 | Punjab & Sind Bank | ₹25 Cr | Open |
To see the full charge records of Falcon Technosystems Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Falcon Technosystems Limited has 1 deal on record (1 acquisition); the latest was in August 2010.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2010 | Acquisition | ₹2.88 Cr | Buyer: MVL Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Falcon Technosystems Limited has 24 court cases on record: 2 filed by Falcon Technosystems, 22 filed against it. 4 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 3 |
| High courts | 8 | 6 | 1 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CO.PET.) | Filed against the company by M/S Sa Associates & Contracts Pvt Ltd | Pending |
| High Court of Delhi | Court case (CM(M)) | Filed by the company against M/S Inext Logistics & Supply Chain Pvt Ltd | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by Ms Eastern Software Systems Pvt Ltd | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by Shriram Veritech Solutions Pvt Ltd | Disposed |
| High Court | Civil suit | Filed against the company by Ms Aar Kay Inframatrix Ltd(Not Applicable) | Disposed |
To see the full case history of Falcon Technosystems 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 Falcon Technosystems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Falcon Technosystems Limited has 1 active EPFO establishment as of Apr 01, 2024.
GST
Falcon Technosystems has 5 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 Falcon Technosystems Limited, buy the company report.
Recent activity
Falcon Technosystems Limited has 9 board changes on record since 1994: 4 appointments and 5 cessations. The latest: Kalpana Gupta was appointed as Director on 23 Feb 2010.
30 earlier events are in the company report.
Frequently asked questions
Falcon Technosystems 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.
Falcon Technosystems is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 22 June 1994 and is registered under CIN U93000DL1994PLC059753. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Falcon Technosystems has 4 current directors:
- Vijay Kumar Sood - Director
- Kalpana Gupta - Director
- Rajesh Galhotra - Director
- Prem Adip Rishi - Director
The latest financial statements of Falcon Technosystems 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 Falcon Technosystems is U93000DL1994PLC059753. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Falcon Technosystems has open charges of ₹607.89 Cr and satisfied charges of ₹98.35 Cr as per latest MCA filings.
Falcon Technosystems has 24 court cases on record: 2 filed by the company and 22 filed against it. 4 are pending. Most are in the district courts.
Falcon Technosystems was incorporated on 22 June 1994. It is registered with the Registrar of Companies, Delhi.
Falcon Technosystems has 1 deal on record (1 acquisition); the latest was in August 2010.
Kalpana Gupta was appointed as Director on 23 Feb 2010. Kalpana Gupta ceased to be Additional Director on 22 Dec 2008. Vijay Kumar Sood ceased to be Additional Director on 22 Dec 2008. Falcon Technosystems has 9 board changes on record in total.