About New-Tech Readymix Concrete Private Limited
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New-Tech Readymix Concrete 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 29 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PTC078587. The company has 1 GST registration on record, which is no longer active.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 ₹49.53 Lakh. It is led by directors Babu Rajendra Prasad Akula and Subash Chandra Bose Akula.
Its last annual general meeting (AGM) was held on 27 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Sy.No.103 Gorivegere Village Katamnnallur Gate Virgonagar Post, Bangalore, Karnataka, India – 560067.
As per the financials filed for FY 2017, the company reported a revenue of ₹5.56 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.7 Cr (net margin -30.6%) and EBITDA of -₹97.49 Lakh (EBITDA margin -17.5%).
As per MCA filings, the company has open charges of ₹3.73 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website newtechrmc.com.
Company details
Contact details
New-Tech Readymix Concrete Private Limited's registered office is in Bangalore, Karnataka. Its website is newtechrmc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSy.No.103 Gorivegere Village Katamnnallur Gate Virgonagar Post, Bangalore, Karnataka, India – 560067
- IndustryManufacturing, Cement & Cement Products
To see the full contact details of New-Tech Readymix Concrete 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 New-Tech Readymix Concrete 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 New-Tech Readymix Concrete Private Limited, buy the company report.
Financials of New-Tech Readymix Concrete Private Limited
FY 2017 filings availableNew-Tech Readymix Concrete Private Limited reported revenue of ₹5.56 Cr (up 286% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 286% in the latest year. EBITDA fell 645% in the latest 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 | ₹5.56 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹97.49 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.7 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -17.5% | ||
| Net Profit Margin | -30.6% | ||
| 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 New-Tech Readymix Concrete Private Limited, buy the company report.
Board of directors of New-Tech Readymix Concrete Private Limited
New-Tech Readymix Concrete has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Babu Rajendra Prasad Akula | Director | 17 Jun 2015 | 11 Years 4 Months | Current |
| Subash Chandra Bose Akula | Director | 17 Jun 2015 | 11 Years 4 Months | Current |
Auditor
New-Tech Readymix Concrete Private Limited is audited by PATIL KABBUR & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATIL KABBUR & ASSOCIATES | FY 2017 | 015281S |
Shareholding
The shareholding of New-Tech Readymix Concrete Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of New-Tech Readymix Concrete Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2016 | 100066968 | Others | ₹22.99 Lakh | Open | |
| 19 Aug 2015 | 10590666 | State Bank of India | ₹3.5 Cr | Open |
To see the full charge records of New-Tech Readymix Concrete Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
New-Tech Readymix Concrete Private Limited has 6 court cases on record: 6 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Chettinad Cement Corporation Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Chettinad Cement Corporation Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Chettinad Cement Corporation Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Chettinad Cement Corporation Pvt Ltd | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of New-Tech Readymix Concrete 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 New-Tech Readymix Concrete Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
New-Tech Readymix Concrete 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 New-Tech Readymix Concrete Private Limited, buy the company report.
Recent activity
New-Tech Readymix Concrete Private Limited has 9 board changes on record since 2015: 2 appointments and 7 cessations. The latest: Babu Rajendra Prasad Akula ceased to be Additional Director on 12 Sep 2016.
3 earlier events are in the company report.
Frequently asked questions
New-Tech Readymix Concrete 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 29 January 2015 (11+ years old) and is registered under CIN U74900KA2015PTC078587.
New-Tech Readymix Concrete has 2 current directors:
- Babu Rajendra Prasad Akula - Director
- Subash Chandra Bose Akula - Director
The latest financial statements of New-Tech Readymix Concrete on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 27 September 2017. Year-wise statements from 2015 are in the company report.
No. New-Tech Readymix Concrete has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of New-Tech Readymix Concrete is U74900KA2015PTC078587. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
New-Tech Readymix Concrete has 6 court cases on record: 6 filed against it. 1 is pending.
New-Tech Readymix Concrete was incorporated on 29 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Babu Rajendra Prasad Akula ceased to be Additional Director on 12 Sep 2016. Subash Chandra Bose Akula ceased to be Additional Director on 12 Sep 2016. Anki Lakshmanna Reddy ceased to be Additional Director on 02 Jul 2016. New-Tech Readymix Concrete has 9 board changes on record in total.
New-Tech Readymix Concrete can be reached through the website newtechrmc.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of New-Tech Readymix Concrete is at Sy.No.103 Gorivegere Village Katamnnallur Gate Virgonagar Post, Bangalore, Karnataka, India – 560067.
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