Rashmi Ispat Limited

Manufacturer of sponge iron with 90,000 TPA capacity and plans for power plant and induction furnaces.

1992 | Midnapore, West Bengal (India) | Active
Last Updated:

Rashmi Ispat Profile

Key Indicators

  • Authorised Capital ₹ 15.36 Cr
  • Paid Up Capital ₹ 4.88 Cr
  • Company Age 32 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 56.95 Cr
  • Satisfied Charges ₹ 26.26 Cr
  • Revenue Growth 7.50%
  • Profit Growth 5.06%
  • Ebitda -3.59%
  • Net Worth -0.39%
  • Total Assets -0.42%

About Rashmi Ispat

Rashmi Ispat Limited (RIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 07 August 1992 and has a history of 32 years and six months. Its registered office is in Midnapore, West Bengal, India.

The Corporate was formerly known as Karanpura Mercantiles Private Limited. The Company is engaged in the Metals And Minerals 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 15.36 Cr and a paid-up capital of Rs 4.88 Cr.

The company currently has active open charges totaling ₹56.95 Cr. The company has closed loans amounting to ₹26.26 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Rashmi Ispat Limited India is Satish Daruka as COMPANY SECRETARY. Santosh Patwari, Swapan Banerjee, Vivek Saha, and Two other members serve as directors at the Company.

Company Details

  • Location

    Midnapore, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    rashmiispat.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U51216WB1992PLC056200

  • Company No.

    056200

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    07 Aug 1992

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Metals and Minerals

Who are the key members and board of directors at Rashmi Ispat?

Executive Team (2)

NameDesignationAppointment DateStatus
Satish Daruka Country flag representing In Company Secretary09-Jan-2017Current
Rashmi Patwari Country flag representing In Managing Director31-Dec-2007Current

Board Members (4)

NameDesignationAppointment DateStatus
Santosh Patwari Country flag representing In Director 05-Jan-2007Current
Swapan Banerjee Country flag representing In Director 21-Jun-2013Current
Vivek Saha Country flag representing In Director 10-Mar-2015Current
Piasha Pati Country flag representing In Director 14-Jan-2019Current

Financial Performance of Rashmi Ispat.

Rashmi Ispat Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 7.5% increase. The company also saw a slight improvement in profitability, with a 5.06% increase in profit. The company's net worth dipped by a decrease of 0.39%.

Rashmi Ispat revenue growth over time
Rashmi Ispat 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
7.50%
Revenue from Operations
7.65%
Total Assets
-0.42%
Profit or Loss
5.06%
Net Worth
-0.39%
EBITDA
-3.59%

What is the Ownership and Shareholding Structure of Rashmi Ispat?

In 2023, Rashmi Ispat had a promoter holding of 100.00%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹56.95 Cr

Satisfied Charges

₹26.26 Cr

Charges Breakdown by Lending Institutions

  • Others : 56.95 Cr

Latest Charge Details

DateLenderAmountStatus
24 Apr 2024Others₹6.80 MOpen
15 Dec 2022Others₹2.69 CrOpen
27 Dec 2019Others₹53.58 CrOpen
29 Sep 2018State Bank Of India₹5.38 CrSatisfied
20 Sep 2005United Bank Of India₹7.00 CrSatisfied

How Many Employees Work at Rashmi Ispat?

Rashmi Ispat has a workforce of 134 employees as of Mar 23, 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 Rashmi Ispat Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Rashmi Ispat, 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 Rashmi Ispat'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 Rashmi Ispat

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 0.68 Cr with Charge ID 100905191 was registered on 24 Apr 2024.

  • Charges

    A charge registered on 29 Sep 2018 via Charge ID 100214708 with State Bank Of India was fully satisfied on 22 Apr 2024.

  • Charges

    A charge with Others of Rs. 53.58 Cr registered on 27 Dec 2019 with Charge ID 100317872 was modified on 13 Oct 2023.

  • Annual General Meeting

    Rashmi Ispat Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Rashmi Ispat Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

  • Charges

    A charge with Others of Rs. 2.69 Cr registered on 15 Dec 2022 with Charge ID 100658086 was modified on 09 Jan 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Rashmi Ispat Limited?

    Rashmi Ispat Limited was incorporated on 07 Aug 1992.

  • What is authorized share capital and paid-up capital of Rashmi Ispat Limited?

    The authorized share capital of Rashmi Ispat Limited is ₹ 15.36 Cr and paid-up capital is ₹ 4.88 Cr.

  • Who are the current board members & directors of Rashmi Ispat Limited?

    Currently 6 directors are associated with Rashmi Ispat Limited.

    • Santosh Devi Patwari
    • Swapan Banerjee
    • Vivek Kumar Saha
    • Piasha Pati
    • Satish Daruka
    • Rashmi Devi Patwari

  • What is the registered address of Rashmi Ispat Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Rashmi Ispat Limited is Post Jhargramw.E.F. 08.06.99 P.S. Jhargram India, Dist Paschim Medinipur, West Bengal, 721507.

  • What is the corporate identification number (CIN) and company number of Rashmi Ispat Limited?

    The corporate identification number (CIN) of Rashmi Ispat Limited is U51216WB1992PLC056200 and the company number is 056200 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Rashmi Ispat Limited?

    The Official website of Rashmi Ispat Limited is https://www.rashmiispat.com

  • What has been the recent revenue trend for Rashmi Ispat Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Rashmi Ispat Limited has risen by 7.50%.

  • How many employees does Rashmi Ispat Limited currently have?

    As Per 2023 financial reports, 134 employees are currently employed by Rashmi Ispat Limited.

  • What change has been observed in the net worth of Rashmi Ispat Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Rashmi Ispat Limited has experienced an downturn of -0.39%.

  • What are the total open charges for Rashmi Ispat Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Rashmi Ispat Limited amount to ₹ 56.95 Cr.

  • When was the last Balance Sheet of Rashmi Ispat Limited filed with the ROC?

    The most recent Balance Sheet for Rashmi Ispat Limited was filed with the ROC on 31 Mar 2023.

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