Kovai Racks India Private Limited

Manufactures and trades racks, cash counters, hostel cots, and other metal products.

2019 | Coimbatore, Tamil Nadu (India) | Active
Last Updated: December 24, 2024

Kovai Racks India Profile

Key Indicators

  • Authorised Capital ₹ 2.40 M
  • Paid Up Capital ₹ 2.40 M
  • Company Age 5 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5.24 Cr
  • Revenue Growth -6.99%
  • Profit Growth 46.55%
  • Ebitda -448.15%
  • Net Worth 25.96%
  • Total Assets 150.89%

About Kovai Racks India

Kovai Racks India Private Limited (KRIPL) is a Private Limited Indian Non-Government Company incorporated in India on 29 April 2019 (Five years and nine months 17 days old ). Its registered office is in Coimbatore, Tamil Nadu, India.

The Company is engaged in the Consumer Electronics & Durables 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 2.40 M and a paid-up capital of Rs 2.40 M.

The company currently has active open charges totaling ₹5.24 Cr.

Ramu Sellam, Selvam Lakshmanan, Manimaran Sellam, and One other member serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    kovairacks.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U36998TZ2019PTC032057

  • Company No.

    032057

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    29 Apr 2019

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Consumer Electronics & Durables

What products or services does Kovai Racks India Private Limited offer?

Kovai Racks India Private Limited offers a wide range of products and services, including Metal Furniture Suppliers, Metal Rack, Dinnerware and Serving Utensils, Serving Trays, Packing Straps, Clips & Supplies, Packing Strap, Retail Display Stands and Fixtures, Display Stands, Industrial Racks & Storage System, Warehouse Racks.

Who are the key members and board of directors at Kovai Racks India?

Board Members (4)

Name Designation Appointment Date Status
Ramu Sellam Country flag representing In Director 29-Apr-2019 Current
Selvam Lakshmanan Country flag representing In Director 29-Jun-2020 Current
Manimaran Sellam Country flag representing In Director 29-Jun-2020 Current
Saravanakumar Sellam Country flag representing In Director 29-Apr-2019 Current

Financial Performance of Kovai Racks India.

Kovai Racks India Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 6.99% decrease. The company also saw a substantial improvement in profitability, with a 46.55% increase in profit. The company's net worth Soared by an impressive increase of 25.96%.

Graph illustrating revenue growth over time
Graph showing 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
-6.99%
Revenue from Operations
-6.99%
Total Assets
150.89%
Profit or Loss
46.55%
Net Worth
25.96%
EBITDA
-448.15%

What is the Ownership and Shareholding Structure of Kovai Racks India?

Unlock access to Kovai Racks India's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹52.35 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 5.24 Cr

Latest Charge Details

Date Lender Amount Status
24 Nov 2023 Others ₹7.35 M Open
01 Feb 2023 Others ₹4.50 Cr Open

How Many Employees Work at Kovai Racks India?

Kovai Racks India has a workforce of 34 employees as of Apr 06, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Kovai Racks India, 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 Kovai Racks India'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 Kovai Racks India

Recent activity within the organization

  • Annual General Meeting

    Kovai Racks India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Charges

    A charge with Others of Rs. 45.00 M registered on 01 Feb 2023 with Charge ID 100685401 was modified on 25 Jun 2024.

    25 Jun 2024

  • Balance Sheet

    Kovai Racks India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.

    31 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 7.35 M with Charge ID 100828618 was registered on 24 Nov 2023.

    24 Nov 2023

  • Charges

    A charge with Others amounted to Rs. 45.00 M with Charge ID 100685401 was registered on 01 Feb 2023.

    01 Feb 2023

  • Director Appointment

    Selvam Lakshmanan was appointed as a Director was appointed as a Director on 29 Jun 2020 & has been associated with this company since 4 years 7 months .

    29 Jun 2020

Frequently asked questions

  • Kovai Racks India Private Limited was incorporated on 29 Apr 2019.

  • The authorized share capital of Kovai Racks India Private Limited is ₹ 2.40 M and paid-up capital is ₹ 2.40 M.

  • Currently 4 directors are associated with Kovai Racks India Private Limited.

    • Ramu Sellam
    • Selvam Lakshmanan
    • Manimaran Sellam
    • Saravanakumar Sellam
  • As per Ministry of Corporate Affairs (Mca), the registered address of Kovai Racks India Private Limited is D.No. 6/461 P.G.Pudur, Annur Taluk India, Coimbatore North, Tamil Nadu, 641107.

  • The corporate identification number (CIN) of Kovai Racks India Private Limited is U36998TZ2019PTC032057 and the company number is 032057 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Kovai Racks India Private Limited is https://www.kovairacks.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Kovai Racks India Private Limited has fallen by -6.99%.

  • As Per 2023 financial reports, 34 employees are currently employed by Kovai Racks India Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Kovai Racks India Private Limited has experienced an upsurge of 25.96%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Kovai Racks India Private Limited amount to ₹ 5.24 Cr.

  • The most recent Balance Sheet for Kovai Racks India Private Limited was filed with the ROC on 31 Mar 2024.