Neco Heavy Engineering And Castings Private Limited

Manufactures castings and provides fabrication services for various industries.

1987 | Nagpur, Maharashtra (India) | Active
Last Updated:

Neco Heavy Engineering And Castings Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 3.70 Cr
  • Company Age 37 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 30.97 Cr
  • Satisfied Charges ₹ 39.20 Cr
  • Revenue Growth 51.55%
  • Profit Growth 112.52%
  • Ebitda 189.66%
  • Net Worth 6.33%
  • Total Assets 4.74%

About Neco Heavy Engineering And Castings

Neco Heavy Engineering And Castings Private Limited (NHEACPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 27 November 1987 and has a history of 37 years and three months. Its registered office is in Nagpur, Maharashtra, India.

The Corporate was formerly known as Neco Castings Ltd. The Company is engaged in the Engineering 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 Cr and a paid-up capital of Rs 3.70 Cr.

The company currently has active open charges totaling ₹30.97 Cr. The company has closed loans amounting to ₹39.20 Cr, as per Ministry of Corporate Affairs (MCA) records.

Arvindkumar Jayaswal, Ramesh Jayaswal, and Om Prakash serve as directors at the Company.

Company Details

  • Location

    Nagpur, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27300MH1987PTC045436

  • Company No.

    045436

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    27 Nov 1987

  • Date of AGM

    26 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Engineering
Manufacturing

What products or services does Neco Heavy Engineering And Castings Private Limited offer?

Neco Heavy Engineering And Castings Private Limited offers a wide range of products and services, including Pliers, Screwdrivers & Hammers, Hand Tools, Metal Pipe & Plumbing Fittings, Pipe Bends, Bricks & Construction Aggregates, Refractory Bricks, Sewerage and Drainage Products, Manhole Covers, Industrial Furnaces & Ovens, Industrial Ovens.

Who are the key members and board of directors at Neco Heavy Engineering And Castings?

Board Members (3)

NameDesignationAppointment DateStatus
Arvindkumar Jayaswal Country flag representing In Director 12-Apr-2007Current
Ramesh Jayaswal Country flag representing In Director 12-Apr-2007Current
Om Prakash Country flag representing In Whole-Time Director 18-Feb-2023Current

Financial Performance of Neco Heavy Engineering And Castings.

Neco Heavy Engineering And Castings Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 51.55% increase. The company also saw a substantial improvement in profitability, with a 112.52% increase in profit. The company's net worth moved up by a moderate rise of 6.33%.

Neco Heavy Engineering And Castings revenue growth over time
Neco Heavy Engineering And Castings 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
51.55%
Revenue from Operations
50.96%
Total Assets
4.74%
Profit or Loss
112.52%
Net Worth
6.33%
EBITDA
189.66%

What is the Ownership and Shareholding Structure of Neco Heavy Engineering And Castings?

In 2023, Neco Heavy Engineering And Castings had a promoter holding of 57.78% and a public holding of 42.22%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹30.97 Cr

Satisfied Charges

₹39.20 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 30.28 Cr
  • The State Industrial And Investment Corportionh Of Maharastr : 0.45 Cr
  • Bank Of Maharashtra : 0.24 Cr

Latest Charge Details

DateLenderAmountStatus
21 May 2022State Bank Of India₹1.13 CrOpen
23 Mar 2021State Bank Of India₹2.15 CrOpen
05 Sep 2007State Bank Of India₹13.50 CrOpen
28 Dec 1995State Bank Of India₹13.50 CrOpen
11 Jan 1985Bank Of Maharashtra₹2.40 MOpen

How Many Employees Work at Neco Heavy Engineering And Castings?

Neco Heavy Engineering And Castings has a workforce of 62 employees as of Apr 03, 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 Neco Heavy Engineering And Castings Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Neco Heavy Engineering And Castings, 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 Neco Heavy Engineering And Castings'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 Neco Heavy Engineering And Castings

Recent activity within the organization

  • Annual General Meeting

    Neco Heavy Engineering And Castings Private Limited last Annual general meeting of members was held on 26 Aug 2024 as per latest MCA records.

  • Balance Sheet

    Neco Heavy Engineering And Castings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Om Patel Prakash was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 18 Feb 2023 & has been associated with this company since 2 years 22 days .

  • Charges

    A charge with State Bank Of India of Rs. 13.50 Cr registered on 05 Sep 2007 with Charge ID 10070856 was modified on 02 Jun 2022.

  • Charges

    A charge with State Bank Of India of Rs. 13.50 Cr registered on 28 Dec 1995 with Charge ID 90160878 was modified on 02 Jun 2022.

  • Charges

    A charge with State Bank Of India amounted to Rs. 1.13 Cr with Charge ID 100581249 was registered on 21 May 2022.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Neco Heavy Engineering And Castings Private Limited?

    Neco Heavy Engineering And Castings Private Limited was incorporated on 27 Nov 1987.

  • What is authorized share capital and paid-up capital of Neco Heavy Engineering And Castings Private Limited?

    The authorized share capital of Neco Heavy Engineering And Castings Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 3.70 Cr.

  • Who are the current board members & directors of Neco Heavy Engineering And Castings Private Limited?

    Currently 3 directors are associated with Neco Heavy Engineering And Castings Private Limited.

    • Arvindkumar Jayaswal
    • Ramesh Jayaswal
    • Om Patel Prakash

  • What is the registered address of Neco Heavy Engineering And Castings Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Neco Heavy Engineering And Castings Private Limited is Plot No.65/2 Nildoh Digdoh Midc Area India, Nagpur, Maharashtra, 440016.

  • What is the corporate identification number (CIN) and company number of Neco Heavy Engineering And Castings Private Limited?

    The corporate identification number (CIN) of Neco Heavy Engineering And Castings Private Limited is U27300MH1987PTC045436 and the company number is 045436 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Neco Heavy Engineering And Castings Private Limited?

    The Official website of Neco Heavy Engineering And Castings Private Limited is https://www.necoindia.com

  • What has been the recent revenue trend for Neco Heavy Engineering And Castings Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Neco Heavy Engineering And Castings Private Limited has risen by 51.55%.

  • How many employees does Neco Heavy Engineering And Castings Private Limited currently have?

    As Per 2023 financial reports, 62 employees are currently employed by Neco Heavy Engineering And Castings Private Limited.

  • What change has been observed in the net worth of Neco Heavy Engineering And Castings Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Neco Heavy Engineering And Castings Private Limited has experienced an upsurge of 6.33%.

  • What are the total open charges for Neco Heavy Engineering And Castings Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Neco Heavy Engineering And Castings Private Limited amount to ₹ 30.97 Cr.

  • When was the last Balance Sheet of Neco Heavy Engineering And Castings Private Limited filed with the ROC?

    The most recent Balance Sheet for Neco Heavy Engineering And Castings Private Limited was filed with the ROC on 31 Mar 2024.

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