About Solar Semiconductor Energy Systems (India) Private Limited
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Solar Semiconductor Energy Systems (India) Private Limited is a private limited company based in Cherapally Municipality, Telangana, India, a subsidiary of Solar Semiconductor Private 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 electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 23 August 2010.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U40108TG2010PTC070093. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pradeep Kumar Sekar and Shankar Suresh.
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 183 Part Cf Area Phase III Industrial Development Park, Cherapally Municipality, Telangana.
As per the financials filed for FY 2017, the company reported a revenue of ₹18.54 Cr, a growth of 52% compared to the previous year. For the same year it recorded a net profit of ₹57.86 Lakh (net margin 3.1%) and EBITDA of ₹1.37 Cr (EBITDA margin 7.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
As per MCA filings, the company has open charges of ₹4.35 Cr and satisfied charges of ₹5.35 Lakh on record. Court records list 9 cases involving the company, including 1 filed by the company and 9 filed against it; 4 cases are pending.
The last known website on record is srinandigroup.com.
Company details
CIN history
Solar Semiconductor Energy Systems (India) has one previous CIN (Corporate Identification Number): U40108AP2010PTC070093. The current CIN is U40108TG2010PTC070093, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40108TG2010PTC070093 | Current |
| U40108AP2010PTC070093 | Previous |
Contact details
Solar Semiconductor Energy Systems (India) Private Limited's registered office is in Cherapally Municipality, Telangana. Its e-mail address is in the company report.
- Email
- Registered AddressSurvey No. 183 Part Cf Area Phase III Industrial Development Park Ghatkeasr Mandal Apiic, Iala, Cherapally Municipality, Telangana, India – 500051
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Solar Semiconductor Energy Systems (India) 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 Solar Semiconductor Energy Systems (India) is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Solar Semiconductor Energy Systems (India) Private Limited, buy the company report.
Financials of Solar Semiconductor Energy Systems (India) Private Limited
FY 2017 filings availableSolar Semiconductor Energy Systems (India) Private Limited reported revenue of ₹18.54 Cr (up 52% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over three years, including 52% growth in the latest year. EBITDA rose 505% 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 | ₹18.54 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.37 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹57.86 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 | 7.4% | ||
| Net Profit Margin | 3.1% | ||
| 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 Solar Semiconductor Energy Systems (India) Private Limited, buy the company report.
Board of directors of Solar Semiconductor Energy Systems (India) Private Limited
Solar Semiconductor Energy Systems (India) has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Kumar Sekar Also directs: Inpv Lighting (India) Private Limited, Codrej India Private Limited, Settlit Liaison India Private Limited and 4 more | Director | 08 Oct 2015 | 11 Years 1 Months | As last reported |
| Shankar Suresh | Director | 08 Oct 2015 | 11 Years 1 Months | As last reported |
Auditor
Solar Semiconductor Energy Systems (India) Private Limited is audited by RAVI P RAJAN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAVI P RAJAN & CO | FY 2017 | 015876S |
Shareholding
The shareholding of Solar Semiconductor Energy Systems (India) Private 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 Solar Semiconductor Energy Systems (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2016 | 100047803 | Others | ₹4.35 Cr | Open | |
| 29 Apr 2016 | 100050950 | Others | ₹5.35 Lakh | Satisfied |
To see the full charge records of Solar Semiconductor Energy Systems (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Solar Semiconductor Energy Systems (India) Private Limited has 9 court cases on record: 1 filed by Solar Semiconductor Energy Systems (India), 9 filed against it. 4 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 6 | 6 | 4 |
| District courts | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Authum Investment and Infrastructure Limited | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Pradeep Kumar Sekar Suspended Director of M/S Solar Semiconductor Energy Systems (India) Private Ltd. R/O C 501, Salarpuria Serenity, 5Thman, H S R Layout, Bangalore, Karnataka ,Bangalore , Karnataka | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Solar Semiconductor Energy Systems (India) Private Ltd. Murali Prasanth Nalam DRK College of Engineering Bowrampet, Hyderabad ,Hyderabad , Telangana and 1 other | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by M/S. Refex Energy Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M/S. Refex Energy Ltd. | Disposed |
To see the full case history of Solar Semiconductor Energy Systems (India) 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
No delayed payments to MSME suppliers are on our record for Solar Semiconductor Energy Systems (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solar Semiconductor Energy Systems (India) has 3 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 Solar Semiconductor Energy Systems (India) Private Limited, buy the company report.
Recent activity
Solar Semiconductor Energy Systems (India) Private Limited has 10 board changes on record since 2012: 2 appointments and 8 cessations. The latest: Palaniappan Manivelan ceased to be Additional Director on 30 Sep 2017.
4 earlier events are in the company report.
Frequently asked questions
Solar Semiconductor Energy Systems (India) 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.
Solar Semiconductor Energy Systems (India) is a company under liquidation, formerly operating as a private limited company based in Cherapally Municipality, Telangana, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 23 August 2010 and is registered under CIN U40108TG2010PTC070093. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Solar Semiconductor Energy Systems (India) has 2 current directors:
- Pradeep Kumar Sekar - Director
- Shankar Suresh - Director
The latest financial statements of Solar Semiconductor Energy Systems (India) 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 Solar Semiconductor Energy Systems (India) is U40108TG2010PTC070093. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solar Semiconductor Energy Systems (India) has open charges of ₹4.35 Cr and satisfied charges of ₹5.35 Lakh as per latest MCA filings.
Solar Semiconductor Energy Systems (India) has 9 court cases on record: 1 filed by the company and 9 filed against it. 4 are pending. Most are in the nclat.
Solar Semiconductor Energy Systems (India) was incorporated on 23 August 2010. It is registered with the Registrar of Companies, Hyderabad.
Palaniappan Manivelan ceased to be Additional Director on 30 Sep 2017. Athar Rehman ceased to be Additional Director on 11 May 2017. Pradeep Kumar Sekar ceased to be Additional Director on 30 Sep 2016. Solar Semiconductor Energy Systems (India) has 10 board changes on record in total.
Solar Semiconductor Energy Systems (India) can be reached through the website srinandigroup.com. Its registered office is in Cherapally Municipality, Telangana, India.
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