About Pawar Electro Systems Private Limited
Data last updated:
Pawar Electro Systems Private Limited is a private limited company based in Mumbai, 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 medical and laboratory equipment segment of the healthcare sector. It was incorporated on 04 January 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74992MH2006PTC158628. Its GSTIN is 27AADCP8754A2ZE (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹23 Cr and a paid-up capital of ₹20.26 Cr. It is led by directors including Kailas Ramlal Pawar (Managing Director) and Girish Siriram Juneja (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 December 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Shop No. 1 Ground Floor Rajguru Apartments Baburao Parulekar Road Dadar West, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2014, the company reported a revenue of ₹170.64 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹8.47 Cr (net margin 5%) and EBITDA of ₹18.66 Cr (EBITDA margin 10.9%). Revenue has grown at a compounded annual rate (CAGR) of 127% over three years.
The company has about 98 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Pawar Electro Sytems. As per MCA filings, the company has open charges of ₹4 Cr and satisfied charges of ₹282.16 Cr on record. Court records list 46 cases involving the company, including 8 filed by the company and 38 filed against it; 3 cases are pending. The company has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹41.61 Cr; the latest was in March 2015.
The last known website on record is pawars.org.
Company details
CIN history
Pawar Electro Systems has one previous CIN (Corporate Identification Number): U74992MH2005PTC158628. The current CIN is U74992MH2006PTC158628, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74992MH2006PTC158628 | Current |
| U74992MH2005PTC158628 | Previous |
Contact details
Pawar Electro Systems Private Limited's registered office is in Mumbai, Maharashtra. Its website is pawars.org. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressShop No. 1 Ground Floor Rajguru Apartments Baburao Parulekar Road Dadar West, Mumbai, Maharashtra, India – 400025
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Pawar Electro 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
Brands
Pawar Electro Systems operates one associated brand: Pawar Electro Sytems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures high-quality laboratory and blood banking instruments for medical applications. | pawars.org |
Business activity
The main business activity of Pawar Electro 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 Pawar Electro Systems Private Limited, buy the company report.
Financials of Pawar Electro Systems Private Limited
FY 2015 filings availablePawar Electro Systems Private Limited reported revenue of ₹170.64 Cr (up 32% YoY) for FY 2014.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 127% over three years, including 32% growth in the latest year. EBITDA rose 42% 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 2013-14 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹170.64 Cr |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹18.66 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹8.47 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 2013-14 |
|---|---|
| Profitability | |
| EBITDA Margin | 10.9% |
| Net Profit Margin | 5% |
| 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 Pawar Electro Systems Private Limited, buy the company report.
Board of directors of Pawar Electro Systems Private Limited
Pawar Electro Systems has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailas Ramlal Pawar Also directs: Manikaran Enterprises Private Limited | Managing Director | 04 Jan 2006 | 20 Years 9 Months | As last reported |
| Hemant Balkrishna Sonje Also directs: Manikaran Enterprises Private Limited | Additional Director | 03 Dec 2016 | 9 Years 10 Months | As last reported |
| Girish Siriram Juneja | Irp/Rp/Liquidator | 22 May 2023 | 3 Years 5 Months | As last reported |
Shareholding
The shareholding of Pawar Electro Systems Private Limited 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 Pawar Electro Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2014 | 10503161 | Mahindra and Mahindra Financial Services Limited | ₹2 Cr | Open | |
| 31 Jul 2013 | 10441640 | Reliance Capital Ltd | ₹2 Cr | Open | |
| 08 Jun 2016 | 100036822 | Others | ₹1.4 Cr | Satisfied | |
| 15 Jan 2016 | 10626873 | Andhra Bank | ₹23 Cr | Satisfied | |
| 16 Oct 2015 | 10599782 | Bank of India | ₹2.25 Cr | Satisfied |
To see the full charge records of Pawar Electro Systems Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Pawar Electro Systems Private Limited has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹41.61 Cr; the latest was in March 2015.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Funding round | ₹5 Cr | Investors: SIDBI Ventures |
| Jan 2015 | Funding round | ₹10 Cr | Investors: SIDBI Ventures |
| Jan 2015 | Funding round | ₹5 Cr | Investors: SIDBI Ventures |
| Nov 2014 | Funding round | ₹11.62 Cr | Investors: 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Pawar Electro Systems Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pawar Electro Systems Private Limited has 46 court cases on record: 8 filed by Pawar Electro Systems, 38 filed against it. 3 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 30 | 3 |
| High courts | 5 | 2 | 0 |
| NCLAT | 5 | 5 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Arbitration matter | Filed against the company by M/S Intec Capital Ltd. Through Yogesh Yerguntala | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Idbi Bank Ltd. | Pending |
| District court, Nashik, Maharashtra | Criminal miscellaneous application | Filed against the company by Idbi Bank Ltd Through Madahvi S Parab | Disposed |
| District court, Nashik, Maharashtra | Arbitration matter | Filed against the company by M/S Intec Capital Ltd. Through Yogesh Yerguntala | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Idbi Bank Ltd | Disposed |
To see the full case history of Pawar Electro 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
Pawar Electro Systems Private Limited was last rated by Care on 01 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Jul 2022 |
To see the full credit ratings and regulatory alerts of Pawar Electro Systems Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pawar Electro Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pawar Electro Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP8754A2ZE | Maharashtra | Active | 30 Jun 2020 |
To see the full GST registrations and return filing status of Pawar Electro Systems Private Limited, buy the company report.
Recent activity
Pawar Electro Systems Private Limited has 8 board changes on record since 2006: 3 appointments and 5 cessations. The latest: Girish Siriram Juneja was appointed as Irp/Rp/Liquidator on 22 May 2023.
39 earlier events are in the company report.
Frequently asked questions
Pawar Electro 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.
Pawar Electro Systems is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 04 January 2006 and is registered under CIN U74992MH2006PTC158628. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pawar Electro Systems has 3 current directors:
- Kailas Ramlal Pawar - Managing Director
- Hemant Balkrishna Sonje - Additional Director
- Girish Siriram Juneja - Irp/Rp/Liquidator
The latest financial statements of Pawar Electro Systems on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 December 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pawar Electro Systems is U74992MH2006PTC158628. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pawar Electro Systems has open charges of ₹4 Cr and satisfied charges of ₹282.16 Cr as per latest MCA filings.
Pawar Electro Systems has 46 court cases on record: 8 filed by the company and 38 filed against it. 3 are pending. Most are in the district courts.
Pawar Electro Systems was incorporated on 04 January 2006. It is registered with the Registrar of Companies, Mumbai.
Pawar Electro Systems has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹41.61 Cr; the latest was in March 2015.
Girish Siriram Juneja was appointed as Irp/Rp/Liquidator on 22 May 2023. Hemant Balkrishna Sonje was appointed as Additional Director on 03 Dec 2016. Manisha Kailas Pawar ceased to be Whole-Time Director on 03 Dec 2016. Pawar Electro Systems has 8 board changes on record in total.