Korrekt Engineering Technology Private Limited
About Korrekt Engineering Technology Private Limited
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Korrekt Engineering Technology Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 12 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U11100PN2007PTC129948. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rajendra Mahadev Narayanpure and Dhananjay Vishwasrao Jachak.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at B/41 Natraj Residnecy Dhankwadi Chavan Nagar Pune 411043, Maharashtra, India – 411043.
As per the financials filed for FY 2017, the company reported a revenue of ₹11,500, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹201 (net margin -1.7%) and EBITDA of ₹1,500 (EBITDA margin 13%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years.
As per MCA filings, the company has open charges of ₹1.09 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Korrekt Engineering Technology Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB/41 Natraj Residnecy Dhankwadi Chavan Nagar Pune 411043, Maharashtra, India – 411043
- IndustryMachinery and Equipment, Industrial Tools & Components
To see the full contact details of Korrekt Engineering Technology 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 Korrekt Engineering Technology is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Korrekt Engineering Technology Private Limited, buy the company report.
Financials of Korrekt Engineering Technology Private Limited
FY 2017 filings availableKorrekt Engineering Technology Private Limited reported revenue of ₹11,500 (down 64% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 76% over three years, including a 64% fall in the latest year. EBITDA fell 93% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹11,500 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1,500 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹201 | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 13% | ||
| Net Profit Margin | -1.7% | ||
| 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 Korrekt Engineering Technology Private Limited, buy the company report.
Board of directors of Korrekt Engineering Technology Private Limited
Korrekt Engineering Technology has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Mahadev Narayanpure Also directs: Enterlux Engineering Private Limited | Director | 12 Apr 2007 | 19 Years 6 Months | Current |
| Dhananjay Vishwasrao Jachak | Director | 12 Apr 2007 | 19 Years 6 Months | Current |
| Meera Shiva Kolpuke | Director | 12 Apr 2007 | 19 Years 6 Months | Current |
Auditor
Korrekt Engineering Technology Private Limited is audited by A K UMRANI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K UMRANI & CO | FY 2017 | 114138W |
Shareholding
The shareholding of Korrekt Engineering Technology Private Limited is on record for FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Korrekt Engineering Technology Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 2010 | 10203857 | Indian Bank | ₹1.09 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Korrekt Engineering Technology Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Korrekt Engineering Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Korrekt Engineering Technology has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Korrekt Engineering Technology Private Limited, buy the company report.
Recent activity
Korrekt Engineering Technology Private Limited has 5 board changes on record since 2007: 3 appointments and 2 cessations. The latest: Jai Shankar Prasad Mishra ceased to be Director on 06 Jun 2011.
Frequently asked questions
Korrekt Engineering Technology is an active private limited company based in Pune, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 12 April 2007 (19+ years old) and is registered under CIN U11100PN2007PTC129948.
Korrekt Engineering Technology has 3 current directors:
- Rajendra Mahadev Narayanpure - Director
- Dhananjay Vishwasrao Jachak - Director
- Meera Shiva Kolpuke - Director
The latest financial statements of Korrekt Engineering Technology on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Korrekt Engineering Technology has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Korrekt Engineering Technology is U11100PN2007PTC129948. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Korrekt Engineering Technology was incorporated on 12 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Pune.
Jai Shankar Prasad Mishra ceased to be Director on 06 Jun 2011. Adarsh Kumar Sharma ceased to be Director on 18 Jan 2011. Dhananjay Vishwasrao Jachak was appointed as Director on 12 Apr 2007. Korrekt Engineering Technology has 5 board changes on record in total.
The registered office of Korrekt Engineering Technology is at B41 Natraj Residnecy Dhankwadi Chavan Nagar Pune 411043, Maharashtra, India – 411043.
Korrekt Engineering Technology operates in the machinery and equipment industry, in the industrial tools and components segment.
Korrekt Engineering Technology has open charges of ₹1.09 Cr and no satisfied charges on record as per latest MCA filings.