Economic Food Solutions Profile
Key Indicators
- Authorised Capital ₹ 8.50 M
- Paid Up Capital ₹ 8.23 M
- Company Age 26 Year, 23 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 6.08 Cr
- Satisfied Charges ₹ 1.00 Cr
- Revenue Growth 11.73%
- Profit Growth 32.49%
- Ebitda 2.65%
- Net Worth 11.63%
- Total Assets 15.09%
About Economic Food Solutions
Economic Food Solutions Private Limited (EFSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 February 1999 and has a history of 26 years. Its registered office is in Ernakulam Dist, Kerala.
The Corporate was formerly known as Drris India Autobody Private Limited. The Company is engaged in the Food And Beverages Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 8.50 M and a paid-up capital of Rs 8.23 M.
The company currently has active open charges totaling ₹6.08 Cr. The company has closed loans amounting to ₹1.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Binu Cyriac, Nick Cyriac, and Cyriac Joseph serve as directors at the Company.
Company Details
- Location Ernakulam Dist, Kerala
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U15499KL1999PTC012801
- Company No.
012801
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
10 Feb 1999
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ernakulam
Industry
Food and Beverages
Who are the key members and board of directors at Economic Food Solutions?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Cyriac Joseph  | Managing Director | 21-Mar-2001 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Binu Cyriac | Whole-Time Director | 21-Mar-2001 | Current |
| Nick Cyriac | Whole-Time Director | 30-Mar-2020 | Current |
Financial Performance of Economic Food Solutions.
Economic Food Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.73% increase. The company also saw a substantial improvement in profitability, with a 32.49% increase in profit. The company's net worth Soared by an impressive increase of 11.63%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Economic Food Solutions?
In 2023, Economic Food Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Athulya Foods Private LimitedBinu Cyriac and Cyriac Joseph are mutual person
- Cap Naturals Private Limited
Cyriac Joseph is a mutual person
Charges (Loans)
Open Charges
₹60.83 M
Satisfied Charges
₹10.00 M
Charges Breakdown by Lending Institutions
- Punjab National Bank : 2.69 Cr
- Yes Bank Limited : 2.36 Cr
- Others : 1.04 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2022 | Others | ₹5.00 M | Open |
| 31 Oct 2022 | Others | ₹0.90 M | Open |
| 31 Aug 2021 | Others | ₹1.50 M | Open |
| 22 Nov 2019 | Others | ₹3.00 M | Open |
| 29 Jul 2015 | Yes Bank Limited | ₹2.36 Cr | Open |
How Many Employees Work at Economic Food Solutions?
Economic Food Solutions has a workforce of 21 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Economic Food Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Economic Food Solutions's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Economic Food Solutions
Recent activity within the organization
- Annual General Meeting
Economic Food Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Economic Food Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
- Charges
A charge with Others amounted to Rs. 5.00 M with Charge ID 100651634 was registered on 30 Nov 2022.
- Charges
A charge with Others amounted to Rs. 0.90 M with Charge ID 100624810 was registered on 31 Oct 2022.
- Charges
A charge with Others amounted to Rs. 1.50 M with Charge ID 100484367 was registered on 31 Aug 2021.
- Charges
A charge with Yes Bank Limited of Rs. 23.57 M registered on 29 Jul 2015 with Charge ID 10598775 was modified on 08 Jul 2020.
Frequently asked questions
What is the Incorporation or founding date of Economic Food Solutions Private Limited?
Economic Food Solutions Private Limited was incorporated on 10 Feb 1999.
What is authorized share capital and paid-up capital of Economic Food Solutions Private Limited?
The authorized share capital of Economic Food Solutions Private Limited is ₹ 8.50 M and paid-up capital is ₹ 8.23 M.
Who are the current board members & directors of Economic Food Solutions Private Limited?
Currently 3 directors are associated with Economic Food Solutions Private Limited.
- Binu Cyriac
- Nick Joseph Cyriac
- Cyriac Joseph
What is the registered address of Economic Food Solutions Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Economic Food Solutions Private Limited is Door No 148/6 14Industrial Development Plot South Kalamassery India, Ernakulam Dist, Kerala, 683109.
What is the corporate identification number (CIN) and company number of Economic Food Solutions Private Limited?
The corporate identification number (CIN) of Economic Food Solutions Private Limited is U15499KL1999PTC012801 and the company number is 012801 as per Ministry of Corporate Affairs (MCA).
What is the official website of Economic Food Solutions Private Limited?
The Official website of Economic Food Solutions Private Limited is https://www.efoodsolutions.com
What has been the recent revenue trend for Economic Food Solutions Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Economic Food Solutions Private Limited has risen by 11.73%.
How many employees does Economic Food Solutions Private Limited currently have?
As Per 2023 financial reports, 21 employees are currently employed by Economic Food Solutions Private Limited.
What change has been observed in the net worth of Economic Food Solutions Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Economic Food Solutions Private Limited has experienced an upsurge of 11.63%.
What are the total open charges for Economic Food Solutions Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Economic Food Solutions Private Limited amount to ₹ 6.08 Cr.
When was the last Balance Sheet of Economic Food Solutions Private Limited filed with the ROC?
The most recent Balance Sheet for Economic Food Solutions Private Limited was filed with the ROC on 31 Mar 2024.