Economy Refrigeration Profile
Key Indicators
- Authorised Capital ₹ 4.00 Cr
- Paid Up Capital ₹ 2.86 Cr
- Company Age 53 Year, 9 Months
- 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 53 years and nine months.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
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U99999MH1971PTC015123
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Company No.
015123
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
23 Apr 1971
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
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.
Who are the key members and board of directors at Economy Refrigeration?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajesh Ahuja
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Director | 23-Apr-1971 | Current |
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Manisha Ahuja
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Director | 27-Jan-2011 | Current |
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%.
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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.
Related Corporates (Common Directorship)
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Economy Process Solutions Private LimitedRajesh Ahuja and Manisha Ahuja are mutual person
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Freshnella Foods Private LimitedRajesh Ahuja is a mutual person
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Searock Enterprises Private Limited
Rajesh Ahuja is a mutual person
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Adarsh Icecreams And Frozen Foods Private Limited
Rajesh Ahuja is a mutual person
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O.T. Processing & Packaging Solutions Private Limited
Rajesh Ahuja and Manisha Ahuja are mutual person
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Utni India Private Limited
Rajesh Ahuja and Manisha Ahuja are mutual person
Charges (Loans)
₹32.35 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jul 2016 | Others | ₹29.81 Cr | Open |
| 29 Apr 2011 | Citibank N.A. | ₹2.50 Cr | Open |
| 06 Mar 2010 | Oriental Bank Of Commerce Limited | ₹0.38 M | Open |
| 29 May 2013 | Standard Chartered Bank | ₹2.25 Cr | Satisfied |
| 16 Apr 2013 | Standard Chartered Bank | ₹2.25 Cr | Satisfied |
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.
Deals i
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
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.
