About Hovel Cylinder Private Limited
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Hovel Cylinder Private Limited is a private limited company based in Delhi, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 09 August 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U29253DL2000PTC107198. Its GSTIN is 09AACCR1819B3ZO (Uttar Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹7.99 Lakh. It was formerly known as Reggio Emilia Tools Private Limited. It is led by directors including Nafees Abbas and Vaseem Abbas.
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 15 Rashid Marketgali No – 2 Ganesh Park, Delhi, India – 110051.
As per the financials filed for FY 2023, the company reported a revenue of ₹31.6 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹8.47 Lakh (net margin -26.8%) and EBITDA of -₹7.67 Lakh (EBITDA margin -24.3%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 44% over five years.
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 hovel.in.
Company details
CIN history
Hovel Cylinder has one previous CIN (Corporate Identification Number): U34300DL2000PTC107198. The current CIN is U29253DL2000PTC107198, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29253DL2000PTC107198 | Current |
| U34300DL2000PTC107198 | Previous |
Contact details
Hovel Cylinder Private Limited's registered office is in Delhi, Delhi. Its website is hovel.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address15 Rashid Marketgali No – 2 Ganesh Park, Delhi, India – 110051
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Hovel Cylinder 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 Hovel Cylinder is manufacturing. In detail, this covers manufacture of machinery and equipment n.e.c..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 28 | Manufacture of machinery and equipment n.e.c. |
To see the full business activity and turnover split of Hovel Cylinder Private Limited, buy the company report.
Financials of Hovel Cylinder Private Limited
FY 2023 filings availableHovel Cylinder Private Limited reported revenue of ₹31.6 Lakh (up 2235% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 44% over five years. 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹31.6 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.47 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
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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 | -24.3% | ||||
| Net Profit Margin | -26.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Hovel Cylinder Private Limited, buy the company report.
Board of directors of Hovel Cylinder Private Limited
Hovel Cylinder has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaseem Abbas Also directs: C.D. Texfeb Private Limited, Hovel EV LLP, J S Suitings & Shirtings Private Limited and 1 more | Additional Director | 25 Feb 2019 | 7 Years 8 Months | Current |
| Huma Fatima Also directs: Hovel EV LLP, Hovel Wifi Private Limited | Additional Director | 23 Jun 2017 | 9 Years 4 Months | Current |
| Nafees Abbas | Director | 24 Feb 2023 | 3 Years 8 Months | Current |
Auditor
Hovel Cylinder Private Limited is audited by MD TASLEEM AHMAD KARIMI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MD TASLEEM AHMAD KARIMI | FY 2023 | 560997 |
Shareholding
The shareholding of Hovel Cylinder Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hovel Cylinder Private Limited, buy the company report.
Legal cases
Hovel Cylinder Private Limited has 5 court cases on record: 1 filed by Hovel Cylinder, 4 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Criminal case | Filed against the company by Bajaj Finance Ltd. | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S. Bajaj Finance Ltd. | Disposed |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against U.P.State Industrial Development Authority and 3 Others | Pending |
| District court, North, Delhi | Court case (CS (COMM.)) | Filed against the company by M/S Platinum Rubber Pvt Ltd | Disposed |
| District court, Shahdara, Delhi | Criminal case | Filed against the company by M/S Jai Mahavir Tube | Disposed |
To see the full case history of Hovel Cylinder 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 Hovel Cylinder Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hovel Cylinder has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCR1819B3ZO | Uttar Pradesh | Active | 09 Aug 2021 |
To see the full GST registrations and return filing status of Hovel Cylinder Private Limited, buy the company report.
Recent activity
Hovel Cylinder Private Limited has 7 board changes on record since 2012: 3 appointments and 4 cessations. The latest: Nafees Abbas was appointed as Director on 24 Feb 2023.
Frequently asked questions
Hovel Cylinder is an active private limited company based in Delhi, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 09 August 2000 (26+ years old) and is registered under CIN U29253DL2000PTC107198.
Hovel Cylinder has 3 current directors:
- Vaseem Abbas - Additional Director
- Huma Fatima - Additional Director
- Nafees Abbas - Director
The latest financial statements of Hovel Cylinder 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 Hovel Cylinder is 09AACCR1819B3ZO, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Hovel Cylinder is U29253DL2000PTC107198. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hovel Cylinder 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.
Hovel Cylinder was incorporated on 09 August 2000, making it 26+ years old. It is registered with the Registrar of Companies, Delhi.
Nafees Abbas was appointed as Director on 24 Feb 2023. Vaseem Abbas was appointed as Additional Director on 25 Feb 2019. Rahul Kumar ceased to be Additional Director on 29 Sep 2018. Hovel Cylinder has 7 board changes on record in total.
Hovel Cylinder can be reached through the website hovel.in. Its registered office is in Delhi, India.
The registered office of Hovel Cylinder is at 15 Rashid Marketgali No – 2 Ganesh Park, Delhi, India – 110051.
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