About Simon Electric Private Limited
Data last updated:
Simon Electric Private Limited was a private limited company based in Vazhakkala, Kerala, India, operated as a subsidiary of Simon Holding Sl. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 02 August 2006.
The company was registered with the Registrar of Companies (ROC), Ernakulam, under CIN U51101KL2006PTC072824. The company has 11 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹141.5 Cr and a paid-up capital of ₹141.3 Cr. It was formerly known as Indo Asian Simon Private Limited and Indo Simon Electric Private Limited. It was led by directors including Amit Garg and Esteban Bretcha Palacious.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Vazhakkala, Kerala.
As per the financials filed for FY 2022, the company reported a revenue of ₹14.41 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹10.89 Cr (net margin -75.6%) and EBITDA of -₹9.3 Cr (EBITDA margin -64.5%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 7% over five years.
As per MCA filings, the company had satisfied charges of ₹19.17 Cr on record. Court records list 25 cases involving the company, including 17 filed by the company and 8 filed against it; 5 cases are pending. The company has 28 deals on record (20 rights issues, 8 secondary share transfers); the latest was in July 2020. Its 3 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 smaller; the largest is Brookon Technologies Private Limited with revenue of ₹14.38 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2022, listing 357 overdue payments to 36 micro and small suppliers.
The last known website on record is simon.co.in.
Company details
Name history
Simon Electric has undergone 2 name changes throughout its history. The company was previously known as Indo Asian Simon Private Limited, and Indo Simon Electric Private Limited. The current legal name is Simon Electric Private Limited.
| Company Name | Status |
|---|---|
| Simon Electric Private Limited | Current |
| Indo Asian Simon Private Limited | Previous |
| Indo Simon Electric Private Limited | Previous |
CIN history
Simon Electric has one previous CIN (Corporate Identification Number): U51101DL2006PTC151476. The current CIN is U51101KL2006PTC072824, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51101KL2006PTC072824 | Current |
| U51101DL2006PTC151476 | Previous |
Contact details
Simon Electric Private Limited's registered office is in Vazhakkala, Kerala. Its website is simon.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressXiii/300 E – 27(Xxxv/565) 5th Floor Kcf Tower Kakkanad Desom Thrikkakara P.O Kanayann, Ur Taluk, Vazhakkala, Kerala, India – 682021
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Simon Electric 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 Simon Electric 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 Simon Electric Private Limited, buy the company report.
Financials of Simon Electric Private Limited
FY 2022 filings availableSimon Electric Private Limited reported revenue of ₹14.41 Cr (up 8% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 28% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹14.41 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹9.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.89 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -64.5% | ||||
| Net Profit Margin | -75.6% | ||||
| 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 Simon Electric Private Limited, buy the company report.
Board of directors of Simon Electric Private Limited
Simon Electric has 5 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Garg | Director | 16 Jun 2015 | 11 Years 4 Months | As last reported |
| Esteban Bretcha Palacious Also directs: Simon India Technical Services Private Limited | Director | 27 Nov 2020 | 5 Years 10 Months | As last reported |
| Vinod Kumar Also directs: Sunflame Enterprises Private Limited | Director | 18 Aug 2017 | 9 Years 2 Months | As last reported |
| Sergio Simon Vives | Director | 20 Oct 2014 | 12 Years 0 Months | As last reported |
| Nicolas De Trincheria Simon Also directs: Simon India Technical Services Private Limited | Nominee Director | 02 Aug 2006 | 20 Years 2 Months | As last reported |
Peer comparison
Simon Electric Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), 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 |
|---|---|---|---|---|---|---|
| Simon Electric Private Limited this company | ₹14.41 Cr (FY 2022) | -₹10.89 Cr | -75.6% | 8.0% | Vazhakkala, Kerala, India | |
| Brookon Technologies Private Limited | ₹14.38 Cr (FY 2024) | -19.0% | Pune, Maharashtra, India | |||
| Kasa Lights & Electronics Private Limited | ₹14.31 Cr (FY 2024) | 15.0% | Delhi, India | |||
| Alien Energy Private Limited | ₹14.3 Cr (FY 2025) | -12.0% | Delhi, India |
To see the full peer comparison of Simon Electric Private Limited, buy the company report.
Auditor
Simon Electric Private Limited is audited by B S R & ASSOCIATES LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & ASSOCIATES LLP | FY 2022 | 116231W/W100024 |
Shareholding
The shareholding of Simon Electric Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Simon Electric Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2009 | 10171054 | State Bank of India | ₹9.77 Cr | Satisfied | |
| 05 May 2008 | 10101064 | State Bank of India | ₹9.4 Cr | Satisfied |
To see the full charge records of Simon Electric Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Simon Electric Private Limited has 28 deals on record (20 rights issues, 8 secondary share transfers); the latest was in July 2020.
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Rights issue | ₹1.89 Cr | Investors: Simon Holding S.L. |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: Simon Holding S.L., Simon SA Seller: Simon Holding S.L., Eon Electric Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Simon Holding S.L. Seller: Eon Electric Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Simon Holding S.L. Seller: Eon Electric Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Eon Electric Limited Seller: 2 individuals |
To see the full deal history of Simon Electric 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
Simon Electric Private Limited has 25 court cases on record: 17 filed by Simon Electric, 8 filed against it. 5 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 7 | 5 |
| High courts | 2 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Kochi | Court case (C.A.(CAA)) | Filed by the company against V Guard Industries Limited | Disposed |
| District court, North, Delhi | Execution petition | Filed by the company against Divine India Infrastructure Pvt Ltd | Disposed |
| District court, North, Delhi | Civil suit | Filed by the company against Divine India Infrastructure Pvt. Ltd. | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by Novateur Electrical & Digital Systems Pvt Ltd | Disposed |
| District court, South East, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
To see the full case history of Simon Electric 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.
MSME payment delays
Simon Electric Private Limited has 7 MSME Form 1 returns on record between 2019 and 2022, listing 357 overdue payments to 36 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 36)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sakegaonkar Innovative Technologies Private Limited | |||
| Balrak Metals Pvt Ltd | |||
| an individual supplier | |||
| Rainbow Packaging Industries |
To see the full MSME payment records of Simon Electric Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Simon Electric has 11 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 Simon Electric Private Limited, buy the company report.
Recent activity
Simon Electric Private Limited has 17 board changes on record since 2006: 5 appointments and 12 cessations. The latest: Esteban Bretcha Palacious ceased to be Additional Director on 31 Dec 2020.
13 earlier events are in the company report.
Frequently asked questions
Simon Electric has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Simon Electric was a private limited company based in Vazhakkala, Kerala, India. The company worked in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 02 August 2006 and is registered under CIN U51101KL2006PTC072824. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Simon Electric was incorporated on 02 August 2006. It is registered with the Registrar of Companies, Ernakulam.
Simon Electric had 5 directors:
- Amit Garg - Director
- Esteban Bretcha Palacious - Director
- Vinod Kumar - Director
- Sergio Simon Vives - Director
- Nicolas De Trincheria Simon - Nominee Director
The CIN (Corporate Identification Number) of Simon Electric is U51101KL2006PTC072824. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Simon Electric is at Xiii300 E – 27Xxxv565 5th Floor Kcf Tower Kakkanad Desom Thrikkakara P.O Kanayann, Ur Taluk, Vazhakkala, Kerala, India – 682021.
Simon Electric can be reached through the website simon.co.in. Its registered office is in Vazhakkala, Kerala, India.
The latest financial statements of Simon Electric on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Simon Electric has 11 GST registrations on record and all of them are cancelled or inactive.
Simon Electric operated in the consumer electronics and durables industry, in the electronics manufacturing segment.
Simon Electric has 28 deals on record (20 rights issues, 8 secondary share transfers); the latest was in July 2020.
The peers of Simon Electric by revenue are Brookon Technologies Private Limited, Kasa Lights & Electronics Private Limited, Alien Energy Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).