About Hi-Tech Concrete (India) Private Limited
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Hi-Tech Concrete (India) Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the cement and cement products segment of the manufacturing sector. It was incorporated on 04 February 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U26941KA2002PTC030083. Its GSTIN is 29AABCH2526E1ZV (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹49 Lakh. It is led by directors Narayanaswamy Ramachandra Sumanth Kumar and Ramachandra Narayanaswamy.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 39/3A I Floor Kanakapura Road Banashankari II Stage, Bangalore, Karnataka, India – 560070.
As per the financials filed for FY 2018, the company reported a revenue of ₹12.49 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹18.76 Lakh (net margin 1.5%) and EBITDA of ₹86.58 Lakh (EBITDA margin 6.9%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
As per MCA filings, the company has open charges of ₹7.54 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hitechconcrete.business.site.
Company details
Contact details
Hi-Tech Concrete (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is hitechconcrete.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address39/3A I Floor Kanakapura Road Banashankari II Stage, Bangalore, Karnataka, India – 560070
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of Hi-Tech Concrete (India) 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-Tech Concrete (India) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Hi-Tech Concrete (India) Private Limited, buy the company report.
Financials of Hi-Tech Concrete (India) Private Limited
FY 2018 filings availableHi-Tech Concrete (India) Private Limited reported revenue of ₹12.49 Cr (down 19% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over three years, including a 19% fall in the latest year. EBITDA rose 10% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹12.49 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹86.58 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹18.76 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6.9% | |||
| Net Profit Margin | 1.5% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| 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-Tech Concrete (India) Private Limited, buy the company report.
Board of directors of Hi-Tech Concrete (India) Private Limited
Hi-Tech Concrete (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanaswamy Ramachandra Sumanth Kumar | Director | 04 Feb 2002 | 24 Years 8 Months | Current |
| Ramachandra Narayanaswamy | Director | 04 Feb 2002 | 24 Years 8 Months | Current |
Auditor
Hi-Tech Concrete (India) Private Limited is audited by S A P & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S A P & CO | FY 2018 | 012660S |
Shareholding
The shareholding of Hi-Tech Concrete (India) Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Hi-Tech Concrete (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2017 | 100132451 | Others | ₹2.13 Cr | Open | |
| 30 Jun 2017 | 100143929 | Others | ₹1.93 Cr | Open | |
| 30 Jun 2006 | 10011295 | Abm Amro Bank N.V | ₹16.9 Lakh | Open | |
| 03 Jul 2002 | 80042253 | Others | ₹3.3 Cr | Open |
To see the full charge records of Hi-Tech Concrete (India) Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Hi-Tech Concrete (India) Private Limited has 5 court cases on record: 1 filed by Hi-Tech Concrete (India), 4 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Dewan Housing Finance Corporation Ltd. | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Dewan Housing Finance Corporation Ltd. | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Acc Limited | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed against the company by an individual | Disposed |
To see the full case history of Hi-Tech Concrete (India) 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-Tech Concrete (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hi-Tech Concrete (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCH2526E1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hi-Tech Concrete (India) Private Limited, buy the company report.
Recent activity
Hi-Tech Concrete (India) Private Limited has 2 board changes on record since 2002: 2 appointments. The latest: Narayanaswamy Ramachandra Sumanth Kumar was appointed as Director on 04 Feb 2002.
Frequently asked questions
Hi-Tech Concrete (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in cement and cement products, within the manufacturing industry. It was incorporated on 04 February 2002 (24+ years old) and is registered under CIN U26941KA2002PTC030083.
Hi-Tech Concrete (India) has 2 current directors:
- Narayanaswamy Ramachandra Sumanth Kumar - Director
- Ramachandra Narayanaswamy - Director
The latest financial statements of Hi-Tech Concrete (India) on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Hi-Tech Concrete (India) is 29AABCH2526E1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Hi-Tech Concrete (India) is U26941KA2002PTC030083. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi-Tech Concrete (India) has 5 court cases on record: 1 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Hi-Tech Concrete (India) was incorporated on 04 February 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
Narayanaswamy Ramachandra Sumanth Kumar was appointed as Director on 04 Feb 2002. Ramachandra Narayanaswamy was appointed as Director on 04 Feb 2002.
Hi-Tech Concrete (India) can be reached through the website hitechconcrete.business.site. Its registered office is in Bangalore, Karnataka, India.
The registered office of Hi-Tech Concrete (India) is at 393A I Floor Kanakapura Road Banashankari II Stage, Bangalore, Karnataka, India – 560070.