Agricore Commodities Private Limited
About Agricore Commodities Private Limited
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Agricore Commodities Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Viterra India Private 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 agricultural products distribution segment of the agriculture sector. It was incorporated on 13 April 2006.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51110MH2006PTC161144. The company has 10 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹9.5 Cr and a paid-up capital of ₹9.5 Cr. It was formerly known as Glencore Commodities Private Limited. It was led by directors including Manek Gupta (Managing Director) and Sharmila Gaikwad Shyam.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 'Cnergy' Unit B 4th Floor Appa Saheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2017, the company reported a revenue of ₹1,976.65 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹55.28 Cr (net margin 2.8%) and EBITDA of ₹69.54 Cr (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years.
The company had about 12 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 20 cases involving the company, including 7 filed by the company and 13 filed against it; 4 cases are pending.
Company details
Contact details
Agricore Commodities Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address'Cnergy' Unit B 4th Floor Appa Saheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Agricore Commodities 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
Financials of Agricore Commodities Private Limited
FY 2017 filings availableAgricore Commodities Private Limited reported revenue of ₹1,976.65 Cr (down 24% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 80%. EBITDA rose 42% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1,976.65 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹69.54 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹55.28 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 | 3.5% | ||
| Net Profit Margin | 2.8% | ||
| 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 | |||
To see the full financial statements and ratios of Agricore Commodities Private Limited, buy the company report.
Board of directors of Agricore Commodities Private Limited
Agricore Commodities has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sharmila Gaikwad Shyam Also directs: Viterra India Private Limited | Director | 15 Jul 2013 | 13 Years 3 Months | As last reported |
| Shyam Doshi Kantibhai | Director | 13 Apr 2006 | 20 Years 6 Months | As last reported |
| Manek Gupta Also directs: Viterra India Private Limited, Aadityaam Land Holdings LLP, Wings Agriculture Private Limited and 1 more | Managing Director | 20 Dec 2017 | 8 Years 10 Months | As last reported |
Auditor
Agricore Commodities Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2017 | 117366W/W100018 |
Shareholding
The shareholding of Agricore Commodities 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 Agricore Commodities Private Limited, buy the company report.
Legal cases
Agricore Commodities Private Limited has 20 court cases on record: 7 filed by Agricore Commodities, 13 filed against it. 4 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 9 | 3 |
| High courts | 3 | 2 | 0 |
| Supreme Court | 2 | 2 | 1 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed by the company against Anil Ltd and 8 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Anil Mines and Minerals Pvt Ltd and 9 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Anil Ltd and 8 others | Disposed |
| Bombay High Court | Commercial suit | Filed by the company against Anil Limited | Disposed |
| Supreme Court | Court case (1407-Criminal Matters : Matters relating to Essential Commodities Act) | Filed against the company by an individual | Pending |
To see the full case history of Agricore Commodities 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 Agricore Commodities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Agricore Commodities Private Limited has a workforce of 12 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Agricore Commodities has 10 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 Agricore Commodities Private Limited, buy the company report.
Recent activity
Agricore Commodities Private Limited has 5 board changes on record since 2006: 3 appointments and 2 cessations. The latest: Manek Gupta was appointed as Managing Director on 20 Dec 2017.
Frequently asked questions
Agricore Commodities 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.
Agricore Commodities was a private limited company based in Mumbai, Maharashtra, India. The company worked in agro retail and distribution, within the agriculture industry. It was incorporated on 13 April 2006 and is registered under CIN U51110MH2006PTC161144. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Agricore Commodities was incorporated on 13 April 2006. It is registered with the Registrar of Companies, Mumbai.
Agricore Commodities had 3 directors:
- Manek Gupta - Managing Director
- Sharmila Gaikwad Shyam - Director
- Shyam Doshi Kantibhai - Director
The CIN (Corporate Identification Number) of Agricore Commodities is U51110MH2006PTC161144. 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 Agricore Commodities is at Cnergy Unit B 4th Floor Appa Saheb Marathe Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
The latest financial statements of Agricore Commodities on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Agricore Commodities has 10 GST registrations on record and all of them are cancelled or inactive.
Agricore Commodities operated in the agriculture industry, in the agro retail and distribution segment.
Agricore Commodities has 20 court cases on record: 7 filed by the company and 13 filed against it. 4 are pending. Most are in the district courts.