About Unilec Engineers Limited
Data last updated:
Unilec Engineers Limited is a public limited company based in New Delhi, Delhi, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 27 December 1993.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1993PLC056633. Its GSTIN is 06AAACU1223A1Z7 (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.37 Cr. It was formerly known as Unilec Engineers Private Limited. It is led by directors including Navita Airy and Mithlesh Airy.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at II/114 Sadar Bazar Delhi Cantt, New Delhi, Delhi, India – 110010.
As per the financials filed for FY 2018, the company reported a revenue of ₹61.73 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹22.23 Lakh (net margin 0.4%) and EBITDA of ₹4.67 Cr (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years.
The company has about 66 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹23.82 Cr and satisfied charges of ₹34.73 Cr on record. Court records list 181 cases involving the company, including 28 filed by the company and 154 filed against it; 62 cases are pending.
The last known website on record is unilec.net.
Company details
Contact details
Unilec Engineers Limited's registered office is in New Delhi, Delhi. Its website is unilec.net. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressII/114 Sadar Bazar Delhi Cantt, New Delhi, Delhi, India – 110010
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Unilec Engineers 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 Unilec Engineers 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 Unilec Engineers Limited, buy the company report.
Financials of Unilec Engineers Limited
FY 2018 filings availableUnilec Engineers Limited reported revenue of ₹61.73 Cr (down 6% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 13% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹61.73 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹4.67 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹22.23 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7.6% | |||
| Net Profit Margin | 0.4% | |||
| 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 Unilec Engineers Limited, buy the company report.
Board of directors of Unilec Engineers Limited
Unilec Engineers has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Navita Airy | Director | 09 Feb 2004 | 22 Years 8 Months | As last reported |
| Mithlesh Airy Also directs: Iceport Refrigeration Pvt. Ltd. | Director | 09 Feb 2004 | 22 Years 8 Months | As last reported |
| Amit Airy Also directs: Iceport Refrigeration Pvt. Ltd. | Director | 09 Feb 2004 | 22 Years 8 Months | As last reported |
Peer comparison
Unilec Engineers Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Dri India Relays Private Limited | ₹62.09 Cr (FY 2025) | -19.0% | Bengaluru, Karnataka, India | |||
| Sirius Solar Energy Systems Private Limited | ₹61.99 Cr (FY 2025) | 7.0% | Hyderabad, Telangana, India | |||
| Unilec Engineers Limitedthis company | ₹61.73 Cr (FY 2018) | ₹22.23 Lakh | 0.4% | -6.0% | New Delhi, Delhi, India | |
| Load Controls India Private Limited | ₹61.54 Cr (FY 2025) | 69.0% | Bangalore, Karnataka, India | |||
| Ace Electrical Equipments (India) Private Limited | ₹61.38 Cr (FY 2024) | 26.0% | Hosur, Tamil Nadu, India |
To see the full peer comparison of Unilec Engineers Limited, buy the company report.
Auditor
Unilec Engineers Limited is audited by RAKESH P L MALHOTRA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAKESH P L MALHOTRA & CO | FY 2018 | 022223N |
Shareholding
The shareholding of Unilec Engineers Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Unilec Engineers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 2012 | 10339937 | State Bank of India | ₹18.82 Cr | Open | |
| 08 Feb 2012 | 10339935 | State Bank of India | ₹5 Cr | Open | |
| 03 Mar 2009 | 10151997 | Hdfc Bank Limited | ₹50 Lakh | Satisfied | |
| 25 Jun 2007 | 10088242 | Hdfc Bank Limited | ₹16.35 Cr | Satisfied | |
| 25 Jun 2007 | 10096742 | Hdfc Bank Limited | ₹10.25 Cr | Satisfied |
To see the full charge records of Unilec Engineers Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Unilec Engineers Limited has 181 court cases on record: 28 filed by Unilec Engineers, 154 filed against it. 62 cases are pending and 119 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 165 | 146 | 60 |
| High courts | 13 | 5 | 2 |
| NCLT | 2 | 2 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 181)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (RFA(OS)(COMM)) | Filed against the company by Leo Ispat Ltd. | Pending |
| District court, Central, Delhi | Court case (EX CRL) | Filed against the company by Kiran Roadways Pvt Ltd | Pending |
| District court, New Delhi, Delhi | Execution petition | Filed against the company by Leo Ispat Ltd | Pending |
| District court, New Delhi, Delhi | Execution petition | Filed against the company by M/S Trinity Touch | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Pending |
To see the full case history of Unilec Engineers 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
Unilec Engineers Limited was last rated by Crisil on 21 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 Sep 2020 |
To see the full credit ratings and regulatory alerts of Unilec Engineers Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Unilec Engineers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Unilec Engineers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACU1223A1Z7 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Unilec Engineers Limited, buy the company report.
Recent activity
Unilec Engineers Limited has 4 board changes on record since 2004: 3 appointments and 1 cessation. The latest: Bharat Bhushan Airy ceased to be Director on 31 Mar 2017.
17 earlier events are in the company report.
Frequently asked questions
Unilec Engineers is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Unilec Engineers is a company under insolvency, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 27 December 1993 and is registered under CIN U74899DL1993PLC056633. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Unilec Engineers has 3 current directors:
- Navita Airy - Director
- Mithlesh Airy - Director
- Amit Airy - Director
The latest financial statements of Unilec Engineers on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Unilec Engineers is U74899DL1993PLC056633. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Unilec Engineers has open charges of ₹23.82 Cr and satisfied charges of ₹34.73 Cr as per latest MCA filings.
Unilec Engineers has 181 court cases on record: 28 filed by the company and 154 filed against it. 62 are pending. Most are in the district courts.
Unilec Engineers was incorporated on 27 December 1993. It is registered with the Registrar of Companies, Delhi.
The peers of Unilec Engineers by revenue are Dri India Relays Private Limited, Sirius Solar Energy Systems Private Limited, Load Controls India Private Limited, Ace Electrical Equipments (India) Private Limited, 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).
Bharat Bhushan Airy ceased to be Director on 31 Mar 2017. Amit Airy was appointed as Director on 09 Feb 2004. Mithlesh Airy was appointed as Director on 09 Feb 2004. Unilec Engineers has 4 board changes on record in total.
Unilec Engineers can be reached through the website unilec.net. Its registered office is in New Delhi, Delhi, India.