Ricon Commerce Ltd
About Ricon Commerce Ltd
Data last updated:
Ricon Commerce Ltd was a public limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 20 September 1982.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB1982PLC035269.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹24 Lakh. It was led by directors including Vijayan Komath and Shradha Agarwala.
Its last annual general meeting (AGM) was held on 22 October 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 9/1 R. N. Mukherjee Road. 5th Floor, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2021, the company reported a revenue of ₹5.77 Lakh, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹2.87 Lakh (net margin 49.8%) and EBITDA of ₹3.86 Lakh (EBITDA margin 67%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 6% over five years.
CIN History of Ricon Commerce Ltd
Ricon Commerce has one previous CIN (Corporate Identification Number): L51909WB1982PLC035269. The current CIN is U51909WB1982PLC035269, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909WB1982PLC035269 | Current |
| L51909WB1982PLC035269 | Previous |
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address9/1 R. N. Mukherjee Road. 5th Floor, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, NBFC
- 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
- One PDF report, delivered after checkout
Business Activity of Ricon Commerce Ltd
The main business activity of Ricon Commerce is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ricon Commerce Ltd FY 2021 filings available
Ricon Commerce Ltd reported revenue of ₹5.77 Lakh (down 45% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Ricon Commerce Ltd
Revenue fell 45% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 54% 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 of Ricon Commerce Ltd
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹5.77 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.86 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.87 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 of Ricon Commerce Ltd
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 67% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 49.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ricon Commerce are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Ricon Commerce Ltd
Ricon Commerce has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijayan Komath | Director | 05 Feb 2015 | 11 Years 8 Months | As last reported |
| Shradha Agarwala Also directs: Indrakshi Trading Company Pvt. Ltd., Greenland Trading Pvt Ltd, Birla Constructions Limited and 5 more | Director | 29 Mar 2019 | 7 Years 6 Months | As last reported |
| Devendra Khemka Also directs: The Pench Valley Coal Company Ltd, Amalgamated Fuels Ltd, Magnacon Electricals India Ltd and 5 more | Director | 19 Mar 2014 | 12 Years 7 Months | As last reported |
Peer Comparison of Ricon Commerce Ltd
Ricon Commerce Ltd is compared with the companies closest to it by revenue in the BFSI industry (NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alphamine Capital Private Limited | ₹6.15 Lakh (FY 2023) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Vintage Securities Ltd Listed | ₹6.11 Lakh (FY 2020) | •••• | •••• | 170.0% | •••• | Kolkata, West Bengal, India |
| Kedia Fingrowth Private Limited | ₹6.08 Lakh (FY 2022) | •••• | •••• | -87.0% | •••• | Mumbai, Maharashtra, India |
| Abd Securities Private Limited | ₹6 Lakh (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Akal Finlease Limited | ₹5.83 Lakh (FY 2019) | •••• | •••• | -16.0% | •••• | Gurdaspur, Punjab, India |
| Ricon Commerce Ltd this company | ₹5.77 Lakh (FY 2021) | •••• | •••• | -45.0% | •••• | Kolkata, West Bengal, India |
| Pawapuri Mercantiles Pvt. Ltd. | ₹5.76 Lakh (FY 2018) | •••• | •••• | 772.0% | •••• | Kolkata, West Bengal, India |
| Payal Credit Pvt Ltd | ₹5.75 Lakh (FY 2017) | •••• | •••• | -73.0% | •••• | Kolkata, West Bengal, India |
| Nurture Financial Solutions Limited | ₹5.7 Lakh (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| G. R. Industries and Finance Ltd | ₹5.48 Lakh (FY 2024) | •••• | •••• | 49.0% | •••• | Kolkata, West Bengal, India |
| Genuine Buildwell Private Limited | ₹5.46 Lakh (FY 2022) | •••• | •••• | -16.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Ricon Commerce by revenue in the BFSI industry (NBFC), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ricon Commerce Ltd
Ricon Commerce Ltd is audited by S N ROY & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S N ROY & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Ricon Commerce Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ricon Commerce Ltd
Ricon Commerce Ltd does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ricon Commerce Ltd
Employment history and EPFO contributions of people linked to Ricon Commerce.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ricon Commerce Ltd
Ricon Commerce Ltd has 10 board changes on record since 2012: 3 appointments and 7 cessations. The latest: Shradha Agarwala ceased to be Additional Director on 24 Sep 2019.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ricon Commerce Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ricon Commerce Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ricon Commerce Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ricon Commerce Ltd
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ricon Commerce Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ricon Commerce Ltd
Ricon Commerce has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ricon Commerce was a public limited company based in Kolkata, West Bengal, India. The company worked in nbfc, within the financial services industry. It was incorporated on 20 September 1982 and is registered under CIN U51909WB1982PLC035269. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ricon Commerce was incorporated on 20 September 1982. It is registered with the Registrar of Companies, Kolkata.
Ricon Commerce had 3 directors:
- Vijayan Komath - Director
- Shradha Agarwala - Director
- Devendra Khemka - Director
The CIN (Corporate Identification Number) of Ricon Commerce is U51909WB1982PLC035269. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ricon Commerce is at 91 R. N. Mukherjee Road. 5th Floor, Kolkata, West Bengal, India – 700001.
Ricon Commerce reported revenue of ₹5.77 Lakh for FY 2021 (down 45% YoY).
Ricon Commerce has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹24 Lakh.
Ricon Commerce reported a net profit of ₹2.87 Lakh (net margin 49.8%) and EBITDA of ₹3.86 Lakh (EBITDA margin 67%) for FY 2021, as per its filed financial statements.
Ricon Commerce operated in the financial services industry, in the nbfc segment.
The compounded annual growth rate (CAGR) of the revenue of Ricon Commerce is 13% over three years and 6% over five years. In the latest year (FY 2021) revenue fell 45%. CAGR is the steady yearly rate that links the first and the last year.