About Rites Infrastructure Services Limited
Data last updated:
Rites Infrastructure Services Limited was a public limited union government company based in New Delhi, Delhi, India, operated as a subsidiary of Rites Limited. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 27 April 2010.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U45200DL2010GOI202067. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Lakh. It was led by directors including Alok Garg and Parmod Kumar Narang.
Its last annual general meeting (AGM) was held on 09 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Scope Minar Laxmi Nagar, New Delhi, Delhi, India – 110092.
As per the financials filed for FY 2016, the company reported a revenue of ₹13.7 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹41.33 Lakh (net margin -3%) and EBITDA of -₹24.36 Lakh (EBITDA margin -1.8%).
Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is rites.com.
Company details
Contact details
Rites Infrastructure Services Limited's registered office is in New Delhi, Delhi. Its website is rites.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressScope Minar Laxmi Nagar, New Delhi, Delhi, India – 110092
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Rites Infrastructure Services 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 Rites Infrastructure Services is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Rites Infrastructure Services Limited, buy the company report.
Financials of Rites Infrastructure Services Limited
FY 2016 filings availableRites Infrastructure Services Limited reported revenue of ₹13.7 Cr (down 75% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 75% in the latest year. EBITDA fell 248% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹24.36 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹41.33 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -1.8% | |
| Net Profit Margin | -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 Rites Infrastructure Services Limited, buy the company report.
Board of directors of Rites Infrastructure Services Limited
Rites Infrastructure Services has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alok Garg | Nominee Director | 25 Feb 2013 | 13 Years 8 Months | As last reported |
| Parmod Kumar Narang | Nominee Director | 01 Dec 2016 | 9 Years 10 Months | As last reported |
| Mallikarjuna Rao Venkata Bhadriraju | Nominee Director | 01 Dec 2016 | 9 Years 10 Months | As last reported |
Auditor
Rites Infrastructure Services Limited is audited by S S A S & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S A S & ASSOCIATES | FY 2015 | 008550N |
Shareholding
The shareholding of Rites Infrastructure Services Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Rites Infrastructure Services Limited, buy the company report.
Legal cases
Rites Infrastructure Services Limited has 1 court case on record: 1 filed by Rites Infrastructure Services. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CO.PET.) | Filed by the company | Disposed |
To see the full case history of Rites Infrastructure Services 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 Rites Infrastructure Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rites Infrastructure Services has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Rites Infrastructure Services Limited, buy the company report.
Recent activity
Rites Infrastructure Services Limited has 9 board changes on record since 2011: 3 appointments and 6 cessations. The latest: Hari Kumar Bali ceased to be Nominee Director on 01 Dec 2016.
News
Frequently asked questions
Rites Infrastructure Services has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Rites Infrastructure Services was a public limited union government company based in New Delhi, Delhi, India. The company worked in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 27 April 2010 and is registered under CIN U45200DL2010GOI202067. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Rites Infrastructure Services was incorporated on 27 April 2010. It is registered with the Registrar of Companies, Delhi.
Rites Infrastructure Services had 3 directors:
- Alok Garg - Nominee Director
- Parmod Kumar Narang - Nominee Director
- Mallikarjuna Rao Venkata Bhadriraju - Nominee Director
The CIN (Corporate Identification Number) of Rites Infrastructure Services is U45200DL2010GOI202067. 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 Rites Infrastructure Services is at Scope Minar Laxmi Nagar, New Delhi, Delhi, India – 110092.
Rites Infrastructure Services can be reached through the website rites.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Rites Infrastructure Services on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 09 September 2016. Year-wise statements from 2015 are in the company report.
No. Rites Infrastructure Services has 3 GST registrations on record and all of them are cancelled or inactive.
Rites Infrastructure Services operated in the infrastructure and utilities industry, in the general infrastructure services segment.
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