MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-25-0010117
Best and Young Engineers Private Limited - consumer goods in Tumkur, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹3.82 Cr
▼ 38% YoY
Net loss · FY 2023
₹2.26 Cr
Net margin -59.1%
EBITDA · FY 2023
-₹1.13 Cr
EBITDA margin -29.7%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹18 Lakh
Issued & subscribed
Open charges
₹2.23 Cr
Satisfied ₹2.45 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
1
Provident fund records
About Best and Young Engineers Private Limited
Data last updated:
Best and Young Engineers Private Limited is a private limited company based in Tumkur, Karnataka, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 28 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U33302KA2004PTC033263. Its GSTIN is 29AACCB3796P1ZV (Karnataka).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹18 Lakh. It is led by directors Ramesh Jagannathan and Nadaavatti Kumar Ganeshguru.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot No 3 & 4 Kunigal Industrial Area 2nd Phase Kunigal, Tumkur, Karnataka, India – 572130.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.82 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹2.26 Cr (net margin -59.1%) and EBITDA of -₹1.13 Cr (EBITDA margin -29.7%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 22% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.23 Cr and satisfied charges of ₹2.45 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it.
Best and Young Engineers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-25-0010117). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bestandyoung.com.
Company details
CIN U33302KA2004PTC033263
Registration Number 033263
Incorporation Date 28 January 2004
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-25-0010117
Recognitions & Rankings of Best and Young Engineers
Contact details
Best and Young Engineers Private Limited's registered office is in Tumkur, Karnataka. Its website is bestandyoung.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 3 & 4 Kunigal Industrial Area 2nd Phase Kunigal, Tumkur, Karnataka, India – 572130
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Best and Young Engineers Private Limited, buy the company report.
Comprehensive company report
Best and Young Engineers Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Best and Young Engineers is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Best and Young Engineers Private Limited, buy the company report.
Financials of Best and Young Engineers Private Limited
FY 2023 filings availableBest and Young Engineers Private Limited reported revenue of ₹3.82 Cr (down 38% YoY) for FY 2023.
Revenue · FY 2023
₹3.82 Cr ▼ 38%
Net loss · FY 2023
₹2.26 Cr margin -59.1%
EBITDA · FY 2023
-₹1.13 Cr margin -29.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 38%
3 years · compounded
▼ 16%
5 years · compounded
▼ 22%
EBITDA CAGR growth
1 year
▼ 276%
3 years · compounded
▼ 59%
5 years · compounded
▼ 35%
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 38% fall in the latest year. EBITDA fell 276% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹1.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.26 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -29.7% | ||||
| Net Profit Margin | -59.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Best and Young Engineers Private Limited, buy the company report.
Board of directors of Best and Young Engineers Private Limited
Best and Young Engineers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Jagannathan | Director | 28 Jan 2004 | 22 Years 9 Months | Current |
| Nadaavatti Kumar Ganeshguru Also directs: Gaba Watch Cases Private Limited | Director | 28 Jan 2004 | 22 Years 9 Months | Current |
Auditor
Best and Young Engineers Private Limited is audited by CHANDRAN & RAMAN for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDRAN & RAMAN | FY 2020 | 000571S |
Shareholding
The shareholding of Best and Young Engineers Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Best and Young Engineers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.23 Cr
Satisfied charges
₹2.45 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2020 | 100359474 | Others | ₹20 Lakh | Open | |
| 05 Dec 2019 | 100322282 | Others | ₹1.53 Cr | Open | |
| 05 Dec 2019 | 100322288 | Others | ₹50 Lakh | Open | |
| 16 May 2014 | 10501130 | Srei Equipment Finance Limited | ₹9 Lakh | Satisfied | |
| 23 Apr 2012 | 10356030 | The Lakshmi Vilas Bank Limited | ₹27.5 Lakh | Satisfied |
To see the full charge records of Best and Young Engineers Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Best and Young Engineers Private Limited has 5 court cases on record: 1 filed by Best and Young Engineers, 4 filed against it. All cases are disposed.
Total cases
5
Filed by the company
1
Filed against the company
4
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solan, Himachal Pradesh | Civil miscellaneous application | Filed against the company by Fossil India Pvt. Limited | Disposed |
| High Court | Interim or miscellaneous application | Filed by the company against Foosil India Private Limited and 1 other | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
To see the full case history of Best and Young Engineers Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Best and Young Engineers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Best and Young Engineers Private Limited has a workforce of 1 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Employee growth
-85.71%
GST
Best and Young Engineers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCB3796P1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Best and Young Engineers Private Limited, buy the company report.
Recent activity
Best and Young Engineers Private Limited has 6 board changes on record since 2004: 2 appointments and 4 cessations. The latest: Badri Kadaba Raman ceased to be Director on 24 Mar 2012.
AGM
Best And Young Engineers Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Best And Young Engineers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Charges
A charge with Others of Rs. 153.00 Lakh registered on 05 Dec 2019 with Charge ID 100322282 was modified on 28 Mar 2022.
Charges
A charge with Others amounted to Rs. 20.00 Lakh with Charge ID 100359474 was registered on 05 Jun 2020.
Charges
A charge registered on 23 Apr 2012 via Charge ID 10356030 with The Lakshmi Vilas Bank Limited was fully satisfied on 14 Jan 2020.
Charges
A charge registered on 27 Aug 2004 via Charge ID 80010717 with Lakshmi Vilas Bank Limited was fully satisfied on 14 Jan 2020.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 100322288 was registered on 05 Dec 2019.
Charges
A charge with Others amounted to Rs. 153.00 Lakh with Charge ID 100322282 was registered on 05 Dec 2019.
Charges
A charge registered on 16 May 2014 via Charge ID 10501130 with Srei Equipment Finance Limited was fully satisfied on 18 Dec 2017.
Charges
A charge registered on 25 Mar 2009 via Charge ID 10156168 with Lakshmi Vilas Bank was fully satisfied on 18 Dec 2017.
Charges
A charge registered on 07 May 2007 via Charge ID 10054614 with The Lakshmi Vilas Bank Limited was fully satisfied on 16 Dec 2017.
Charges
A charge with Lakshmi Vilas Bank Limited of Rs. 200.00 Lakh registered on 27 Aug 2004 with Charge ID 80010717 was modified on 04 Aug 2015.
12 earlier events are in the company report.
Frequently asked questions
Best and Young Engineers is an active private limited company based in Tumkur, Karnataka, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 28 January 2004 (22+ years old) and is registered under CIN U33302KA2004PTC033263.
Best and Young Engineers has 2 current directors:
- Ramesh Jagannathan - Director
- Nadaavatti Kumar Ganeshguru - Director
The latest financial statements of Best and Young Engineers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Best and Young Engineers is 29AACCB3796P1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Best and Young Engineers is U33302KA2004PTC033263. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Best and Young Engineers has 5 court cases on record: 1 filed by the company and 4 filed against it. Most are in the district courts.
Best and Young Engineers was incorporated on 28 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Badri Kadaba Raman ceased to be Director on 24 Mar 2012. Muniraju Mahadev ceased to be Director on 24 Mar 2012. Umesha Bangalore Nanjappa ceased to be Director on 24 Mar 2012. Best and Young Engineers has 6 board changes on record in total.
Yes, Best and Young Engineers is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-25-0010117).
Best and Young Engineers can be reached through the website bestandyoung.com. Its registered office is in Tumkur, Karnataka, India.
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