Hi-Speed Turbodrives Private Limited
About Hi-Speed Turbodrives Private Limited
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Hi-Speed Turbodrives Private Limited is a private limited company based in Anand, Gujarat, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 25 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29199GJ2003PTC042286. Its GSTIN is 24AABCH3716N2ZJ (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹29.49 Lakh. It is led by directors Kalpanaben Amin Sharadchandra and Sharadchandra Purshottamdas Amin.
Its last annual general meeting (AGM) was held on 25 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 10 Vaishnav Townshiplamvel Road Vallabh Vidhyanagar 388315, Anand, Gujarat, India.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.4 Lakh, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹6.04 Lakh (net margin -251.5%) and EBITDA of -₹5.36 Lakh (EBITDA margin -223.2%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 51% over five years.
As per MCA filings, the company has open charges of ₹45 Lakh on record. Court records list 4 cases involving the company, including 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Hi-Speed Turbodrives Private Limited's registered office is in Anand, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address10 Vaishnav Townshiplamvel Road Vallabh Vidhyanagar 388315, Anand, Gujarat, India
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Hi-Speed Turbodrives Private Limited, buy the company report.
- 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
Business activity
The main business activity of Hi-Speed Turbodrives is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Hi-Speed Turbodrives Private Limited, buy the company report.
Financials of Hi-Speed Turbodrives Private Limited
FY 2019 filings availableHi-Speed Turbodrives Private Limited reported revenue of ₹2.4 Lakh (down 85% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 85% fall in the latest year. EBITDA rose 76% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.4 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.36 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.04 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -223.2% | ||||
| Net Profit Margin | -251.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Hi-Speed Turbodrives Private Limited, buy the company report.
Board of directors of Hi-Speed Turbodrives Private Limited
Hi-Speed Turbodrives has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kalpanaben Amin Sharadchandra Also directs: Roller Ketten Private Limited | Director | 25 Apr 2003 | 23 Years 6 Months | Current |
| Sharadchandra Purshottamdas Amin Also directs: Roller Ketten Private Limited | Director | 25 Apr 2003 | 23 Years 6 Months | Current |
Auditor
Hi-Speed Turbodrives Private Limited is audited by PATEL & MEHTA for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL & MEHTA | FY 2019 | 125480W |
Shareholding
The shareholding of Hi-Speed Turbodrives Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Hi-Speed Turbodrives Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2008 | 10097182 | State Bank of India | ₹45 Lakh | Open |
To see the full charge records of Hi-Speed Turbodrives Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Hi-Speed Turbodrives Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Anand, Gujarat | Court case (REFER D LC) | Filed against the company by an individual | Disposed |
| District court, Anand, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Disposed |
| District court, Anand, Gujarat | Court case (RECO33C2 LC) | Filed against the company by an individual | Disposed |
To see the full case history of Hi-Speed Turbodrives 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 Hi-Speed Turbodrives Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hi-Speed Turbodrives has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCH3716N2ZJ | Gujarat | Active | 23 May 2019 |
To see the full GST registrations and return filing status of Hi-Speed Turbodrives Private Limited, buy the company report.
Recent activity
Hi-Speed Turbodrives Private Limited has 2 board changes on record since 2003: 2 appointments. The latest: Kalpanaben Amin Sharadchandra was appointed as Director on 25 Apr 2003.
Frequently asked questions
Hi-Speed Turbodrives is an active private limited company based in Anand, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 25 April 2003 (23+ years old) and is registered under CIN U29199GJ2003PTC042286.
Hi-Speed Turbodrives has 2 current directors:
- Kalpanaben Amin Sharadchandra - Director
- Sharadchandra Purshottamdas Amin - Director
The latest financial statements of Hi-Speed Turbodrives on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 25 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Hi-Speed Turbodrives is 24AABCH3716N2ZJ, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Hi-Speed Turbodrives is U29199GJ2003PTC042286. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Speed Turbodrives has 4 court cases on record: 4 filed against it.
Hi-Speed Turbodrives was incorporated on 25 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kalpanaben Amin Sharadchandra was appointed as Director on 25 Apr 2003. Sharadchandra Purshottamdas Amin was appointed as Director on 25 Apr 2003.
The registered office of Hi-Speed Turbodrives is at 10 Vaishnav Townshiplamvel Road Vallabh Vidhyanagar 388315, Anand, Gujarat, India.
Hi-Speed Turbodrives operates in the metals and minerals industry, in the steel manufacturing and processing segment.
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