MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-AP-10-0014171
R.E.C. Ispat Private Limited
R.E.C. Ispat Private Limited - metals and minerals in Visakhapatnam, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹86.95 Cr
▼ 15% YoY
Net profit · FY 2023
₹23.49 Lakh
Net margin 0.3%
EBITDA · FY 2023
₹97.79 Lakh
EBITDA margin 1.1%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.95 Cr
Issued & subscribed
Open charges
₹15.61 Cr
Satisfied ₹23 Cr
Company age
22 yrs
Est. 2004
Directors on board
2
As per MCA filings
About R.E.C. Ispat Private Limited
Data last updated:
R.E.C. Ispat Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 29 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U27310AP2004PTC042526. Its GSTIN is 37AACCR7376K1ZS (Andhra Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.95 Cr. It is led by directors Subhash Bhararia (Managing Director) and Surya Sudhakar Koduri.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at D.No.9 – 13 – 35/4 First Floor Cbm Compound East Extension Vip Road, Visakhapatnam, Andhra Pradesh, India – 530003.
As per the financials filed for FY 2023, the company reported a revenue of ₹86.95 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹23.49 Lakh (net margin 0.3%) and EBITDA of ₹97.79 Lakh (EBITDA margin 1.1%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹15.61 Cr and satisfied charges of ₹23 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.6 Cr; the latest was in June 2022.
R.E.C. Ispat Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-10-0014171). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U27310AP2004PTC042526
Registration Number 042526
Incorporation Date 29 January 2004
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-AP-10-0014171
Recognitions & Rankings of R.E.C. Ispat
Contact details
R.E.C. Ispat Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD.No.9 – 13 – 35/4 First Floor Cbm Compound East Extension Vip Road, Visakhapatnam, Andhra Pradesh, India – 530003
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of R.E.C. Ispat Private Limited, buy the company report.
Comprehensive company report
R.E.C. Ispat Private Limited - one report that includes everything
- 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
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Financials of R.E.C. Ispat Private Limited
FY 2024 filings availableR.E.C. Ispat Private Limited reported revenue of ₹86.95 Cr (down 15% YoY) for FY 2023.
Revenue · FY 2023
₹86.95 Cr ▼ 15%
Net profit · FY 2023
₹23.49 Lakh margin 0.3%
EBITDA · FY 2023
₹97.79 Lakh margin 1.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▼ 2%
5 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▼ 68%
3 years · compounded
▼ 21%
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 15% fall in the latest year. EBITDA fell 68% 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 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 | ₹86.95 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹97.79 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.49 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | 0.3% | ||||
| 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 R.E.C. Ispat Private Limited, buy the company report.
Board of directors of R.E.C. Ispat Private Limited
R.E.C. Ispat has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Bhararia Also directs: Sri Gangadhara Steels Limited | Managing Director | 29 Jan 2004 | 22 Years 9 Months | Current |
| Surya Sudhakar Koduri | Director | 29 Jan 2004 | 22 Years 9 Months | Current |
Auditor
R.E.C. Ispat Private Limited is audited by Somayajulu & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Somayajulu & Associates | FY 2023 | 010629S |
Shareholding
The shareholding of R.E.C. Ispat 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 R.E.C. Ispat Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15.61 Cr
Satisfied charges
₹23 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2023 | 100884720 | Hdfc Bank Limited | ₹25.06 Lakh | Open | |
| 02 Feb 2022 | 100530337 | Others | ₹15 Cr | Open | |
| 02 Nov 2020 | 100419564 | Hdfc Bank Limited | ₹36.24 Lakh | Open | |
| 20 Mar 2006 | 10004012 | Lakshmi Vilas Bank Limited | ₹23 Cr | Satisfied |
To see the full charge records of R.E.C. Ispat Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
R.E.C. Ispat Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.6 Cr; the latest was in June 2022.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹6.6 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2009 | Funding round | ₹6.15 Cr | Investors: an individual |
| Dec 2007 | Funding round | ₹45 Lakh | Investors: 4 individuals |
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
R.E.C. Ispat Private Limited has 3 court cases on record: 2 filed by R.E.C. Ispat, 1 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Writ petition | Filed by the company against Eastern Power Distribution Company of Andhra Pradesh Ltd, and 1 other | Pending |
| NCLT, Hyderabad | Insolvency matter | Filed by the company against Eastern Power Distribution Company of Andhra Pradesh Limited | Disposed |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by Ms. Amr India Limited | Disposed |
To see the full case history of R.E.C. Ispat 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
R.E.C. Ispat Private Limited was last rated by Crisil on 18 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Feb 2020 |
To see the full credit ratings and regulatory alerts of R.E.C. Ispat Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for R.E.C. Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
R.E.C. Ispat has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCR7376K1ZS | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of R.E.C. Ispat Private Limited, buy the company report.
Recent activity
R.E.C. Ispat Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Subhash Bhararia was appointed as Managing Director on 29 Jan 2004.
AGM
R.E.C. Ispat Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
R.E.C. Ispat Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100884720 was registered on 22 Dec 2023.
Charges
A charge with Others of Rs. 15.00 Cr registered on 02 Feb 2022 with Charge ID 100530337 was modified on 23 Nov 2023.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100530337 was registered on 02 Feb 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.36 Cr with Charge ID 100419564 was registered on 02 Nov 2020.
Charges
A charge registered on 20 Mar 2006 via Charge ID 10004012 with Lakshmi Vilas Bank Limited was fully satisfied on 28 Aug 2020.
Charges
A charge with Lakshmi Vilas Bank Limited of Rs. 23.00 Cr registered on 20 Mar 2006 with Charge ID 10004012 was modified on 19 Jan 2012.
Charges
A charge with Lakshmi Vilas Bank Limited amounted to Rs. 23.00 Cr with Charge ID 10004012 was registered on 20 Mar 2006.
Appointed
Subhash Bhararia was appointed as Managing Director.
Appointed
Surya Sudhakar Koduri was appointed as Director.
Incorporation
29 Jan 2004
R.E.C. Ispat Private Limited was registered on 29 Jan 2004 with Roc Vijayawada & aged 22 years 9 months as per MCA records.
Frequently asked questions
R.E.C. Ispat is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 29 January 2004 (22+ years old) and is registered under CIN U27310AP2004PTC042526.
R.E.C. Ispat has 2 current directors:
- Subhash Bhararia - Managing Director
- Surya Sudhakar Koduri - Director
The latest financial statements of R.E.C. Ispat on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of R.E.C. Ispat is 37AACCR7376K1ZS, registered in Andhra 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 R.E.C. Ispat is U27310AP2004PTC042526. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
R.E.C. Ispat has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
R.E.C. Ispat was incorporated on 29 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Vijayawada.
R.E.C. Ispat has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹6.6 Cr; the latest was in June 2022.
Subhash Bhararia was appointed as Managing Director on 29 Jan 2004. Surya Sudhakar Koduri was appointed as Director on 29 Jan 2004.
Yes, R.E.C. Ispat is registered as a medium enterprise under Udyam registration (number: UDYAM-AP-10-0014171).
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