About JCR Drillsol Private Limited
Data last updated:
JCR Drillsol Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the construction machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 14 September 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29222KA1984PTC006370. Its GSTIN is 29AAACP9887B1Z0 (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.57 Cr. It was formerly known as Plas Foods & Beverages Ltd and Pals Industries Ltd. It is led by directors Nalla Jayachandraiah Reddy (Managing Director) and Gayathri Nalla Reddy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 20 – B II Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2019, the company reported a revenue of ₹5.43 Cr, a decline of 67% compared to the previous year. For the same year it recorded a net loss of ₹6.3 Cr (net margin -115.9%) and EBITDA of -₹5.6 Cr (EBITDA margin -103.1%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 20% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹24.68 Cr and satisfied charges of ₹4.18 Cr on record. Court records list 56 cases involving the company, including 9 filed by the company and 47 filed against it; 6 cases are 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 jcrdrillsol.com.
Company details
Name history
JCR Drillsol has undergone 3 name changes throughout its history. The company was previously known as Plas Foods & Beverages Ltd, Pals Industries Ltd, and Plas Foods & Beverages Pvt Ltd. The current legal name is Jcr Drillsol Private Limited.
| Company Name | Status |
|---|---|
| JCR Drillsol Private Limited | Current |
| Plas Foods & Beverages Ltd | Previous |
| Pals Industries Ltd | Previous |
| Plas Foods & Beverages Pvt Ltd | Previous |
Contact details
JCR Drillsol Private Limited's registered office is in Bangalore, Karnataka. Its website is jcrdrillsol.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address20 – B II Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Construction Machinery & Equipment, Material Handling & Storage Equipment
To see the full contact details of JCR Drillsol 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 JCR Drillsol is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of JCR Drillsol Private Limited, buy the company report.
Financials of JCR Drillsol Private Limited
FY 2019 filings availableJCR Drillsol Private Limited reported revenue of ₹5.43 Cr (down 67% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 67% fall in the latest year. EBITDA fell 287% 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 | ₹5.43 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.3 Cr | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -103.1% | ||||
| Net Profit Margin | -115.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity 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 JCR Drillsol Private Limited, buy the company report.
Board of directors of JCR Drillsol Private Limited
JCR Drillsol has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gayathri Nalla Reddy Also directs: JCR Rigs India Private Limited | Whole-Time Director | 29 Apr 2003 | 23 Years 6 Months | Current |
| Nalla Jayachandraiah Reddy Also directs: JCR Rigs India Private Limited, Dynamic Tie-Up Private Limited | Managing Director | 29 Apr 2003 | 23 Years 6 Months | Current |
Auditor
JCR Drillsol Private Limited is audited by M S S V & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S S V & CO | FY 2019 | 001987S |
Shareholding
The shareholding of JCR Drillsol Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of JCR Drillsol Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2016 | 100030532 | Others | ₹34 Lakh | Open | |
| 11 May 2012 | 10373070 | Union Bank of India | ₹6.73 Lakh | Open | |
| 21 Jul 2009 | 10171080 | Union Bank of India | ₹2 Cr | Open | |
| 21 Jul 2009 | 10171081 | Union Bank of India | ₹1.06 Cr | Open | |
| 30 Mar 2009 | 10158441 | Union Bank of India | ₹2 Cr | Open |
To see the full charge records of JCR Drillsol Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
JCR Drillsol Private Limited has 56 court cases on record: 9 filed by JCR Drillsol, 47 filed against it. 6 cases are pending and 50 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 43 | 4 |
| High courts | 8 | 4 | 2 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against M/S Weir Minerals India Pvt Ltd, Represented by Sharma Rao. | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Weir Minerals (India) Pvt Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M/S Affreighter Logistics Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Affreighter Logistics Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Weir Minerals (India) Pvt Ltd., | Disposed |
To see the full case history of JCR Drillsol 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.
Credit ratings & regulatory alerts
JCR Drillsol Private Limited was last rated by Brickwork on 13 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 13 Apr 2020 |
To see the full credit ratings and regulatory alerts of JCR Drillsol Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for JCR Drillsol Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
JCR Drillsol Private Limited has a workforce of 16 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
JCR Drillsol has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACP9887B1Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of JCR Drillsol Private Limited, buy the company report.
Recent activity
JCR Drillsol Private Limited has 4 board changes on record since 2003: 2 appointments and 2 cessations. The latest: Gayathri Nalla Reddy ceased to be Director on 01 Apr 2009.
12 earlier events are in the company report.
Frequently asked questions
JCR Drillsol is an active private limited company based in Bangalore, Karnataka, India. The company works in construction machinery and equipment, within the machinery and equipment industry. It was incorporated on 14 September 1984 (42+ years old) and is registered under CIN U29222KA1984PTC006370.
JCR Drillsol has 2 current directors:
- Nalla Jayachandraiah Reddy - Managing Director
- Gayathri Nalla Reddy - Whole-Time Director
The latest financial statements of JCR Drillsol on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of JCR Drillsol is 29AAACP9887B1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of JCR Drillsol is U29222KA1984PTC006370. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JCR Drillsol has 56 court cases on record: 9 filed by the company and 47 filed against it. 6 are pending. Most are in the district courts.
JCR Drillsol was incorporated on 14 September 1984, making it 42+ years old. It is registered with the Registrar of Companies, Bangalore.
Gayathri Nalla Reddy ceased to be Director on 01 Apr 2009. Nalla Jayachandraiah Reddy ceased to be Director on 01 Apr 2009. Gayathri Nalla Reddy was appointed as Whole-Time Director on 29 Apr 2003. JCR Drillsol has 4 board changes on record in total.
JCR Drillsol can be reached through the website jcrdrillsol.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of JCR Drillsol is at 20 – B II Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
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