Unity Appliances Limited
About Unity Appliances Limited
Data last updated:
Unity Appliances Limited is a public limited company based in Mumbai, Maharashtra, 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 electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 01 December 2008.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51109MH2008PLC188547. Its GSTIN is 27AABCU1051H1ZM (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹31.24 Cr. It was formerly known as Unity Appliances Private Limited. It is led by directors including Rajendra Kedarnath Bang and Murukan Sivaramakrishnan.
Its last annual general meeting (AGM) was held on 27 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 171 – C 17th Floor Mittal Court C Wing Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2019, the company reported a revenue of ₹4.71 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹62.74 Cr and EBITDA of -₹3.22 Cr (EBITDA margin -68.3%). Revenue has declined at a compounded annual rate (CAGR) of 73% over three years.
The company has about 129 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹157.5 Cr and satisfied charges of ₹575.1 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹209 Cr; the latest was in March 2018.
Company details
CIN history
Unity Appliances has one previous CIN (Corporate Identification Number): U51109MH2008PTC188547. The current CIN is U51109MH2008PLC188547, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109MH2008PLC188547 | Current |
| U51109MH2008PTC188547 | Previous |
Contact details
Unity Appliances Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address171 – C 17th Floor Mittal Court C Wing Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Unity Appliances 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 Unity Appliances 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 Unity Appliances Limited, buy the company report.
Financials of Unity Appliances Limited
FY 2019 filings availableUnity Appliances Limited reported revenue of ₹4.71 Cr (down 87% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 73% over three years, including a 87% fall in the latest year. EBITDA rose 87% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.71 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹62.74 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -68.3% | ||||
| Net Profit Margin | |||||
| 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 Unity Appliances Limited, buy the company report.
Board of directors of Unity Appliances Limited
Unity Appliances has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Kedarnath Bang Also directs: Saffron Broadcast and Media Limited | Director | 12 Mar 2013 | 13 Years 7 Months | As last reported |
| Murukan Sivaramakrishnan | Additional Director | 22 Nov 2016 | 9 Years 11 Months | As last reported |
| Sanjay Bhaskar Hingane Also directs: Mercury Business Solutions Limited, Prosperous Energy Private Limited, Videocon Realty and Infrastructures Limited CN and 5 more | Additional Director | 25 Jan 2019 | 7 Years 9 Months | As last reported |
Auditor
Unity Appliances Limited is audited by KADAM & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KADAM & CO | FY 2019 | 104524W |
Shareholding
The shareholding of Unity Appliances Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Unity Appliances Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jan 2016 | 10613497 | Others | ₹100 Cr | Open | |
| 12 Jan 2016 | 10613080 | Others | ₹57.5 Cr | Open | |
| 09 Jun 2016 | 100044290 | Yes Bank Limited | ₹300 Cr | Satisfied | |
| 23 Jul 2015 | 10588655 | Bank of Maharashtra | ₹100 Cr | Satisfied | |
| 27 May 2014 | 10501203 | Bank of Maharashtra | ₹100 Cr | Satisfied |
To see the full charge records of Unity Appliances Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Unity Appliances Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹209 Cr; the latest was in March 2018.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Electroparts (India) Private Limited , Proficient Engineering Private Limited Seller: Shree Dhoot Trading and Agencies Ltd , Greenfield Appliances Private Limited , Platinum Appliances Private Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Nippon Investment Private Limited Seller: Synergy Appliances Private Limited |
| Jun 2013 | Secondary share transfer | Undisclosed | Buyer: Tangent Electronics Private Limited Seller: Dome-Bell Electronics India Private Limited |
| Mar 2013 | Funding round | ₹99.8 Cr | Investors: Shree Dhoot Trading and Agencies Ltd , Dome-Bell Electronics India Private Limited , Greenfield Appliances Private Limited |
| Oct 2009 | Secondary share transfer | Undisclosed | Buyer: Platinum Appliances Private Limited Seller: Platinum Appliances Private Limited |
To see the full deal history of Unity Appliances 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
Unity Appliances Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 2 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Ingersoll Rand Climate Solutions Pvt. Ltd. | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Ingersoll Rand Climate Solutions Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Assistant/Deputy Registrar of Companies Mumbai | Pending |
To see the full case history of Unity Appliances 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 Unity Appliances Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Unity Appliances Limited has a workforce of 129 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Unity Appliances has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCU1051H1ZM | Maharashtra | Active | 01 Jul 2017 |
| 33AABCU1051H1ZT | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Unity Appliances Limited, buy the company report.
Recent activity
Unity Appliances Limited has 14 board changes on record since 2009: 3 appointments and 11 cessations. The latest: Jagdish Prasad Jakhotia ceased to be Additional Director on 25 Jan 2019.
21 earlier events are in the company report.
Frequently asked questions
Unity Appliances 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.
Unity Appliances is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 01 December 2008 and is registered under CIN U51109MH2008PLC188547. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Unity Appliances has 3 current directors:
- Rajendra Kedarnath Bang - Director
- Murukan Sivaramakrishnan - Additional Director
- Sanjay Bhaskar Hingane - Additional Director
The latest financial statements of Unity Appliances on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 27 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Unity Appliances is U51109MH2008PLC188547. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Unity Appliances has open charges of ₹157.5 Cr and satisfied charges of ₹575.1 Cr as per latest MCA filings.
Unity Appliances has 3 court cases on record: 3 filed against it. 1 is pending. Most are in the nclt.
Unity Appliances was incorporated on 01 December 2008. It is registered with the Registrar of Companies, Mumbai.
Unity Appliances has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹209 Cr; the latest was in March 2018.
Jagdish Prasad Jakhotia ceased to be Additional Director on 25 Jan 2019. Sanjay Bhaskar Hingane was appointed as Additional Director on 25 Jan 2019. Anirudha Venugopal Dhoot ceased to be Director on 22 Nov 2016. Unity Appliances has 14 board changes on record in total.