Hi-Fit Elastomers Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 4.70 M
- Company Age 17 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 27.66 Cr
- Satisfied Charges ₹ 5.95 Cr
- Revenue Growth 6.82%
- Profit Growth 112.51%
- Ebitda 55.07%
- Net Worth 25.03%
- Total Assets 32.10%
About Hi-Fit Elastomers
Hi-Fit Elastomers Private Limited (HEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 May 2007 and has a history of 17 years and eight months. Its registered office is in Madurai, Tamil Nadu, India.
The Company is engaged in the Manufacturing 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 5.00 M and a paid-up capital of Rs 4.70 M.
The company currently has active open charges totaling ₹27.66 Cr. The company has closed loans amounting to ₹5.95 Cr, as per Ministry of Corporate Affairs (MCA) records.
Natarajan Kamatchisundaram, Natarajan Mani, and Somasundarm Abirami serve as directors at the Company.
Company Details
- Location
Madurai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media-
Corporate Identity Details
- CIN/LLPIN
U25190TN2007PTC063606
- Company No.
063606
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
22 May 2007
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
What products or services does Hi-Fit Elastomers Private Limited offer?
Hi-Fit Elastomers Private Limited offers a wide range of products and services, including Seals, Oil Seals & Industrial Seals, Rubber Rings, Rubber O Ring, O-rings, Rubber Gaskets and Gasket Material, Rubber Gaskets.
Who are the key members and board of directors at Hi-Fit Elastomers?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Natarajan Kamatchisundaram  | Managing Director | 22-May-2007 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Natarajan Mani | Director | Current | |
| Somasundarm Abirami | Director | 22-May-2007 | Current |
Financial Performance of Hi-Fit Elastomers.
Hi-Fit Elastomers Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 6.82% increase. The company also saw a substantial improvement in profitability, with a 112.51% increase in profit. The company's net worth Soared by an impressive increase of 25.03%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Hi-Fit Elastomers?
In 2023, Hi-Fit Elastomers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹276.64 M
₹59.48 M
Charges Breakdown by Lending Institutions
- Others : 16.96 Cr
- Axis Bank Limited : 6.50 Cr
- Tamilnadu Industrial Investment Corporation Limited : 1.50 Cr
- Union Bank Of India : 0.95 Cr
- The Tamilnadu Industrial Investment Corporation Ltd : 0.71 Cr
- Others : 1.04 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Jul 2024 | Others | ₹1.40 Cr | Open |
| 07 Jun 2024 | Others | ₹1.40 Cr | Open |
| 30 Mar 2024 | Axis Bank Limited | ₹6.50 Cr | Open |
| 10 Mar 2023 | Others | ₹8.50 M | Open |
| 10 Oct 2022 | Others | ₹2.71 M | Open |
How Many Employees Work at Hi-Fit Elastomers?
Hi-Fit Elastomers has a workforce of 63 employees as of Mar 27, 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 Hi-Fit Elastomers, 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 Hi-Fit Elastomers'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.
