Ratnaveer Precision Engineering Profile
Key Indicators
- Authorised Capital ₹ 53.00 Cr
- Paid Up Capital ₹ 48.50 Cr
- Company Age 23 Year, 13 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 410.24 Cr
- Satisfied Charges ₹ 406.60 Cr
- Revenue Growth 17.04%
- Profit Growth 50.25%
- Ebitda -55.23%
- Net Worth 11.70%
- Total Assets 19.71%
About Ratnaveer Precision Engineering
Ratnaveer Precision Engineering Limited (RPEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 20 February 2002 and has a history of 23 years. Its registered office is in Vadodara, Gujarat, India.
The Corporate was formerly known as Ratnaveer Metals 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 53.00 Cr and a paid-up capital of Rs 48.50 Cr.
The company currently has active open charges totaling ₹410.24 Cr. The company has closed loans amounting to ₹406.60 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Ratnaveer Precision Engineering Limited India are Prerana Trivedi as COMPANY SECRETARY and Vijay Sanghavi as Cfo. Binita Verdia, Sreeram Rishinaradamangalam, Babulal Chaplot, and Three other members serve as directors at the Company.
Company Details
- Location
Vadodara, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U27108GJ2002PLC040488
- Company No.
040488
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
20 Feb 2002
- Date of AGM
10 Jul 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Metals and Minerals
What products or services does Ratnaveer Precision Engineering Limited offer?
Ratnaveer Precision Engineering Limited offers a wide range of products and services, including Stainless Steel Sheet, Mirror Finish Stainless Steel Sheet, Steel Bars, Rods, Plates & Sheets, Designer Stainless Steel Sheet, Metal & Metal Made Products, Metal Washers, Stainless Steel Washers, Mounting Accessories, Mounting Hardware, Stainless Steel Pipes.
Who are the key members and board of directors at Ratnaveer Precision Engineering?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vijay Sanghavi  | Managing Director | 20-Feb-2002 | Current |
| Prerana Trivedi | Company Secretary | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sreeram Rishinaradamangalam | Director | 16-Apr-2022 | Current |
| Binita Verdia | Director | 07-Sep-2022 | Current |
| Babulal Chaplot | Whole-Time Director | 13-Jun-2011 | Current |
| Bharatbhai Shah | Director | 16-Apr-2022 | Current |
| Karuna Advani | Additional Director | Current |
Financial Performance of Ratnaveer Precision Engineering.
Ratnaveer Precision Engineering Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 17.04% increase. The company also saw a substantial improvement in profitability, with a 50.25% increase in profit. The company's net worth Soared by an impressive increase of 11.7%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Ratnaveer Precision Engineering?
In 2021, Ratnaveer Precision Engineering had a promoter holding of 100.00%. 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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Westcoarse Chemicals Private LimitedBharatbhai Shah is a mutual person
Nirbhay Infracon Private LimitedBharatbhai Shah is a mutual person
Nirbhay Developers Private LimitedBharatbhai Shah is a mutual person
Nirbhay Consultants Private LimitedBharatbhai Shah is a mutual person
Charges (Loans)
Open Charges
₹410.24 Cr
Satisfied Charges
₹406.60 Cr
Charges Breakdown by Lending Institutions
- Others : 405.24 Cr
- Tata Capital Financial Services Limited : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jun 2023 | Others | ₹1.09 M | Open |
| 14 Sep 2022 | Others | ₹12.00 Cr | Open |
| 03 Mar 2022 | Others | ₹25.25 Cr | Open |
| 15 May 2021 | Others | ₹175.49 Cr | Open |
| 12 May 2021 | Others | ₹175.49 Cr | Open |
How Many Employees Work at Ratnaveer Precision Engineering?
Ratnaveer Precision Engineering has a workforce of 136 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Ratnaveer Precision Engineering, 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 Ratnaveer Precision Engineering'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.
Latest Updates, News, and FAQs on Ratnaveer Precision Engineering
Recent activity within the organization
- Annual General Meeting
Ratnaveer Precision Engineering Limited last Annual general meeting of members was held on 10 Jul 2023 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 0.11 Cr with Charge ID 100736731 was registered on 22 Jun 2023.
- Balance Sheet
Ratnaveer Precision Engineering Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
- Charges
A charge with Others of Rs. 12.00 Cr registered on 14 Sep 2022 with Charge ID 100614286 was modified on 20 Jan 2023.
- Charges
A charge with Others of Rs. 175.49 Cr registered on 15 May 2021 with Charge ID 100446823 was modified on 09 Jan 2023.
- Charges
A charge with Others of Rs. 175.49 Cr registered on 12 May 2021 with Charge ID 100446126 was modified on 09 Jan 2023.
Recent News, Updates & Announcement
Ratnaveer IPO Set for Strong Debut with Predicted Premium of ₹60 on 11th September 2023.When Ratnaveer IPO will be listed on 11th September 2023, it will open at around ₹150 levels in bear case and ₹165 levels in bull case. The grey market is also predicting a strong debut with a premium of ₹60. Experts say that the company has shown good growth and the IPO was reasonably priced. In case of a strong market opening, the IPO may list at around ₹165 levels. In weak market, it may still give 50% listing gain at ₹150 levels..
Frequently asked questions
What is the Incorporation or founding date of Ratnaveer Precision Engineering Limited?
Ratnaveer Precision Engineering Limited was incorporated on 20 Feb 2002.
What is authorized share capital and paid-up capital of Ratnaveer Precision Engineering Limited?
The authorized share capital of Ratnaveer Precision Engineering Limited is ₹ 53.00 Cr and paid-up capital is ₹ 48.50 Cr.
Who are the current board members & directors of Ratnaveer Precision Engineering Limited?
Currently 8 directors are associated with Ratnaveer Precision Engineering Limited.
- Binita Verdia
- Sreeram Vishwanathan Rishinaradamangalam
- Babulal Sohanlal Chaplot
- Bharatbhai Kanchanlal Shah
- Vijay Ramanlal Sanghavi
- Prerana Trivedi
- Vijay Ramanlal Sanghavi
- Karuna Vinod Advani
What is the registered address of Ratnaveer Precision Engineering Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Ratnaveer Precision Engineering Limited is E- 77 G I D Csavli (Manjusar), Dist, Baroda, Gujarat, India, 391775.
What is the corporate identification number (CIN) and company number of Ratnaveer Precision Engineering Limited?
The corporate identification number (CIN) of Ratnaveer Precision Engineering Limited is U27108GJ2002PLC040488 and the company number is 040488 as per Ministry of Corporate Affairs (MCA).
What is the official website of Ratnaveer Precision Engineering Limited?
The Official website of Ratnaveer Precision Engineering Limited is https://www.ratnaveer.com
What has been the recent revenue trend for Ratnaveer Precision Engineering Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Ratnaveer Precision Engineering Limited has risen by 17.04%.
How many employees does Ratnaveer Precision Engineering Limited currently have?
As Per 2022 financial reports, 136 employees are currently employed by Ratnaveer Precision Engineering Limited.
What change has been observed in the net worth of Ratnaveer Precision Engineering Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Ratnaveer Precision Engineering Limited has experienced an upsurge of 11.70%.
What are the total open charges for Ratnaveer Precision Engineering Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Ratnaveer Precision Engineering Limited amount to ₹ 410.24 Cr.
When was the last Balance Sheet of Ratnaveer Precision Engineering Limited filed with the ROC?
The most recent Balance Sheet for Ratnaveer Precision Engineering Limited was filed with the ROC on 31 Mar 2023.
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