Ritz Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
as on 15-11-2024
- Paid Up Capital ₹ 2.50 M
as on 15-11-2024
- Company Age 9 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 30.43 Cr
as on 15-11-2024
- Satisfied Charges ₹ 9.00 Cr
as on 15-11-2024
- Revenue 16.83%
(FY 2023)
- Profit 177.73%
(FY 2023)
- Ebitda 17.51%
(FY 2023)
- Net Worth 114.96%
(FY 2023)
- Total Assets 6.04%
(FY 2023)
About Ritz Spinning Mills
The Company is engaged in the Manufacturing 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 M and a paid-up capital of Rs 2.50 M.
The company currently has active open charges totaling ₹30.43 Cr. The company has closed loans amounting to ₹9.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Preetesh Asawa and Ritesh Asawa serve as directors at the Company.
- CIN/LLPIN
U17290TG2015PTC100571
- Company No.
100571
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 Sep 2015
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Ritz Spinning Mills?
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Preetesh Asawa  | Director | 04-Sep-2015 | Current |
| Ritesh Asawa | Director | 04-Sep-2015 | Current |
Financial Performance of Ritz Spinning Mills.
Ritz Spinning Mills Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 16.83% increase. The company also saw a substantial improvement in profitability, with a 177.73% increase in profit. The company's net worth Soared by an impressive increase of 114.96%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Ritz Spinning Mills?
In 2023, Ritz Spinning Mills 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)
Asawa Non-Woven Private LimitedActive 25 years 2 monthsPreetesh Asawa and Ritesh Asawa are mutual person
- Ritz Textile & Spinning Mills Private LimitedActive 2 years 8 months
Ritesh Asawa is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 12 Oct 2022 | ₹5.60 M | Open |
Hdfc Bank Limited Creation Date: 04 Mar 2020 | ₹29.87 Cr | Open |
Others Creation Date: 19 Dec 2017 | ₹9.00 Cr | Satisfied |
How Many Employees Work at Ritz Spinning Mills?
Ritz Spinning Mills has a workforce of 21 employees as of Apr 07, 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 Ritz Spinning Mills, 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 Ritz Spinning Mills'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.
