Economy Refrigeration Private Limited

Designs and markets various equipment for industries such as blower packages, vacuum systems, and pumps.

1971 | Mumbai, Maharashtra (India) | Active
Last Updated:

Economy Refrigeration Profile

Key Indicators

  • Authorised Capital ₹ 4.00 Cr
  • Paid Up Capital ₹ 2.86 Cr
  • Company Age 54 Year, 4 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 32.35 Cr
  • Satisfied Charges ₹ 6.20 Cr
  • Revenue Growth -61.07%
  • Profit Growth -90.03%
  • Ebitda -39.93%
  • Net Worth 0.46%
  • Total Assets -1.48%

About Economy Refrigeration

Economy Refrigeration Private Limited (ERPL) was founded in India on 23 April 1971 and has a glorious history of 54 years .Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Economy Refrigeration Limited. The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 4.00 Cr and a paid-up capital of Rs 2.86 Cr.

The company currently has active open charges totaling ₹32.35 Cr. The company has closed loans amounting to ₹6.20 Cr, as per Ministry of Corporate Affairs (MCA) records.

Rajesh Ahuja and Manisha Ahuja serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U99999MH1971PTC015123

  • Company No.

    015123

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    23 Apr 1971

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Machinery and Equipment

What products or services does Economy Refrigeration Private Limited offer?

Economy Refrigeration Private Limited offers a wide range of products and services, including Pumps, Pumping Machines & Spares, Screw Pumps.

Company report

Economy Refrigeration Private Limited

Explore comprehensive data for Economy Refrigeration Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Economy Refrigeration?

Board Members (2)

NameDesignationAppointment DateStatus
Rajesh Ahuja Country flag representing In Director 23-Apr-1971Current
Manisha Ahuja Country flag representing In Director 27-Jan-2011Current

Financial Performance of Economy Refrigeration.

Economy Refrigeration Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 61.07% decrease. The company also saw a substantial fall in profitability, with a 90.03% decrease in profit. The company's net worth moved up by a moderate rise of 0.46%.

Economy Refrigeration revenue growth over time
Economy Refrigeration profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-61.07%
Revenue from Operations
-86.92%
Total Assets
-1.48%
Profit or Loss
-90.03%
Net Worth
0.46%
EBITDA
-39.93%

What is the Ownership and Shareholding Structure of Economy Refrigeration?

In 2023, Economy Refrigeration had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹32.35 Cr

Satisfied Charges

₹6.20 Cr

Charges Breakdown by Lending Institutions

  • Others : 29.81 Cr
  • Citibank N.A. : 2.50 Cr
  • Oriental Bank Of Commerce Limited : 0.04 Cr

Latest Charge Details

DateLenderAmountStatus
27 Jul 2016Others₹29.81 CrOpen
29 Apr 2011Citibank N.A.₹2.50 CrOpen
06 Mar 2010Oriental Bank Of Commerce Limited₹0.38 MOpen
29 May 2013Standard Chartered Bank₹2.25 CrSatisfied
16 Apr 2013Standard Chartered Bank₹2.25 CrSatisfied

How Many Employees Work at Economy Refrigeration?

Economy Refrigeration has a workforce of 25 employees as of Mar 22, 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.

Employee growth trends for Economy Refrigeration Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Economy Refrigeration, 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 Economy Refrigeration's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Economy Refrigeration

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 29.81 Cr registered on 27 Jul 2016 with Charge ID 100047044 was modified on 29 Nov 2023.

  • Annual General Meeting

    Economy Refrigeration Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Economy Refrigeration Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Charges

    A charge registered on 29 May 2013 via Charge ID 10428596 with Standard Chartered Bank was fully satisfied on 11 Jun 2019.

  • Charges

    A charge registered on 16 Apr 2013 via Charge ID 10421396 with Standard Chartered Bank was fully satisfied on 06 Jun 2019.

  • Charges

    A charge registered on 23 Jun 2010 via Charge ID 10233054 with The Cosmos Co-Op Bank Ltd was fully satisfied on 24 Dec 2018.

Frequently asked questions

  • What is the Incorporation or founding date of Economy Refrigeration Private Limited?

    Economy Refrigeration Private Limited was incorporated on 23 Apr 1971.

  • What is authorized share capital and paid-up capital of Economy Refrigeration Private Limited?

    The authorized share capital of Economy Refrigeration Private Limited is ₹ 4.00 Cr and paid-up capital is ₹ 2.86 Cr.

  • Who are the current board members & directors of Economy Refrigeration Private Limited?

    Currently 2 directors are associated with Economy Refrigeration Private Limited.

    • Rajesh Ahuja
    • Manisha Ahuja

  • What is the registered address of Economy Refrigeration Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Economy Refrigeration Private Limited is 1401 Cts No. 96/1 To 21 Vikas Centre Dr. C G Road Wadavali Village Chembur East India, Mumbai, Maharashtra, 400074.

  • What is the corporate identification number (CIN) and company number of Economy Refrigeration Private Limited?

    The corporate identification number (CIN) of Economy Refrigeration Private Limited is U99999MH1971PTC015123 and the company number is 015123 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Economy Refrigeration Private Limited?

    The Official website of Economy Refrigeration Private Limited is https://www.rpsae.net

  • What has been the recent revenue trend for Economy Refrigeration Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Economy Refrigeration Private Limited has fallen by -61.07%.

  • How many employees does Economy Refrigeration Private Limited currently have?

    As Per 2023 financial reports, 25 employees are currently employed by Economy Refrigeration Private Limited.

  • What change has been observed in the net worth of Economy Refrigeration Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Economy Refrigeration Private Limited has experienced an upsurge of 0.46%.

  • What are the total open charges for Economy Refrigeration Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Economy Refrigeration Private Limited amount to ₹ 32.35 Cr.

  • When was the last Balance Sheet of Economy Refrigeration Private Limited filed with the ROC?

    The most recent Balance Sheet for Economy Refrigeration Private Limited was filed with the ROC on 31 Mar 2023.

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