Ritonest Mercantiles Limited
About Ritonest Mercantiles Limited
Data last updated:
Ritonest Mercantiles Limited was a public limited company based in Kolkata, West Bengal, India, operated as a subsidiary of Devrup Trading Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the specialised services segment of the trading and commerce sector. It was incorporated on 10 March 2017.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB2017PLC219901.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Ravindra Kumar Newatia and Jas Preet Singh Bagga.
Its last annual general meeting (AGM) was held on 30 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 16 Ganesh Chandra Avenue Gandhi House, Kolkata, West Bengal, India – 700013.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.81 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹67.27 Lakh (net margin 37.2%) and EBITDA of ₹1.1 Cr (EBITDA margin 60.7%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years.
Its group structure included 1 subsidiary.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Ritonest Mercantiles Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address16 Ganesh Chandra Avenue Gandhi House, Kolkata, West Bengal, India – 700013
- IndustryTrading, Specialty, Wholesale
To see the full contact details of Ritonest Mercantiles 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
Financials of Ritonest Mercantiles Limited
FY 2020 filings availableRitonest Mercantiles Limited reported revenue of ₹1.81 Cr (up 28% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 28% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 27%. EBITDA fell 11% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Total Revenue | ||||
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| EBITDA | ₹1.1 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹67.27 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | ||||
| EBITDA Margin | 60.7% | |||
| Net Profit Margin | 37.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Ritonest Mercantiles Limited, buy the company report.
Board of directors of Ritonest Mercantiles Limited
Ritonest Mercantiles has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jas Preet Singh Bagga | Additional Director | 06 Apr 2019 | 7 Years 6 Months | As last reported |
| Priti Kaur Also directs: Goodfaith Commosale LLP, Shabd Sagar Commosale Trade LLP, Vijaypath Trade-Link Private Limited and 3 more | Additional Director | 20 Aug 2019 | 7 Years 2 Months | As last reported |
| Ravindra Kumar Newatia Also directs: Saurabh Nidan Kendra Private Limited | Director | 01 Dec 2020 | 5 Years 10 Months | As last reported |
Auditor
Ritonest Mercantiles Limited is audited by BOTHRA VISHAL & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BOTHRA VISHAL & CO. | FY 2017 | 328695E |
Shareholding
The shareholding of Ritonest Mercantiles Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ritonest Mercantiles Limited, buy the company report.
Legal cases
Ritonest Mercantiles Limited has 1 court case on record: 1 filed by Ritonest Mercantiles. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Kolkata | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Ritonest Mercantiles 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 Ritonest Mercantiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ritonest Mercantiles has 1 subsidiary company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Remex Investment Pvt.Ltd. | U65999WB1995PTC072884 |
To see the full group structure of Ritonest Mercantiles Limited, buy the company report.
GST
No GST registration is on our record for Ritonest Mercantiles Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ritonest Mercantiles Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Manoj Bengani ceased to be Director on 01 Dec 2020.
Frequently asked questions
Ritonest Mercantiles 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.
Ritonest Mercantiles was a public limited company based in Kolkata, West Bengal, India. The company worked in specialty, within the trading industry. It was incorporated on 10 March 2017 and is registered under CIN U51909WB2017PLC219901. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ritonest Mercantiles was incorporated on 10 March 2017. It is registered with the Registrar of Companies, Kolkata.
Ritonest Mercantiles had 3 directors:
- Jas Preet Singh Bagga - Additional Director
- Priti Kaur - Additional Director
- Ravindra Kumar Newatia - Director
The CIN (Corporate Identification Number) of Ritonest Mercantiles is U51909WB2017PLC219901. 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 Ritonest Mercantiles is at 16 Ganesh Chandra Avenue Gandhi House, Kolkata, West Bengal, India – 700013.
The latest financial statements of Ritonest Mercantiles on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 September 2020. Year-wise statements from FY 2017 are in the company report.
Ritonest Mercantiles operated in the trading industry, in the specialty segment.
Ritonest Mercantiles has 1 court case on record: 1 filed by the company.
Manoj Bengani ceased to be Director on 01 Dec 2020. Ravindra Kumar Newatia was appointed as Director on 01 Dec 2020. Priti Kaur was appointed as Additional Director on 20 Aug 2019. Ritonest Mercantiles has 6 board changes on record in total.