Rite Equipment Profile
Key Indicators
- Authorised Capital ₹ 0.20 M
as on 25-12-2024
- Paid Up Capital ₹ 0.10 M
as on 25-12-2024
- Company Age 32 Year, 15 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 19.70 Cr
as on 25-12-2024
- Satisfied Charges ₹ 11.93 Cr
as on 25-12-2024
- Revenue 74.47%
(FY 2022)
- Profit 224.25%
(FY 2022)
- Ebitda 62.55%
(FY 2022)
- Net Worth 38.84%
(FY 2022)
- Total Assets 39.35%
(FY 2022)
About Rite Equipment
The Company is engaged in the Machinery And Equipment 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 0.20 M and a paid-up capital of Rs 0.10 M.
The company currently has active open charges totaling ₹19.70 Cr. The company has closed loans amounting to ₹11.93 Cr, as per Ministry of Corporate Affairs (MCA) records.
Kanmani Sekar and Velayutham Sekar serve as directors at the Company.
- CIN/LLPIN
U74899KA1992PTC053947
- Company No.
053947
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
13 Dec 1992
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Rite Equipment Private Limited offer?
Rite Equipment Private Limited offers a wide range of products and services, including Meat & Seafood Processing Equipments, Meat Processing Equipment, Fast Food & Beverages Machinery, Food Warmers, Freezers, Refrigerators & Chillers, Commercial Refrigerator, Cookware and Cooking Utensils, Cookware, Bakery & Dairy Machinery, Chocolate Machine.
Who are the key members and board of directors at Rite Equipment?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kanmani Sekar  | Director | 13-Dec-1992 | Current |
| Velayutham Sekar | Director | 13-Dec-1992 | Current |
Financial Performance of Rite Equipment.
Rite Equipment Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 74.47% increase. The company also saw a substantial improvement in profitability, with a 224.25% increase in profit. The company's net worth Soared by an impressive increase of 38.84%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Rite Equipment?
In 2023, Rite Equipment 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)
- Southern Stainless Steel Fabrication India Private LimitedActive 13 years 6 months
Velayutham Sekar is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 15 Jun 2023 | ₹19.70 Cr | Open |
Others Creation Date: 06 Sep 2017 | ₹9.80 Cr | Satisfied |
Hdfc Bank Limited Creation Date: 26 Nov 2015 | ₹1.25 Cr | Satisfied |
How Many Employees Work at Rite Equipment?
Rite Equipment has a workforce of 95 employees as of Apr 01, 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 Rite Equipment, 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 Rite Equipment'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.
