Arinits Sales Private Limited
About Arinits Sales Private Limited
Data last updated:
Arinits Sales Private Limited is a private limited company based in New Delhi, Delhi, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 31 October 2003.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL2003PTC122891. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹3.77 Cr. It is led by directors Ashish Chopra and Devender Singh.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 322 DLF Tower B Jasola Distt. Centre, New Delhi, Delhi, India – 110025.
As per the financials filed for FY 2017, the company reported a revenue of ₹225.53 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹65.74 Lakh (net margin 0.3%) and EBITDA of ₹4.96 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
As per MCA filings, the company has open charges of ₹58.5 Cr and satisfied charges of ₹17 Cr on record. Court records list 86 cases involving the company, including 26 filed by the company and 60 filed against it; 6 cases are pending.
Company details
Contact details
Arinits Sales Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address322 DLF Tower B Jasola Distt. Centre, New Delhi, Delhi, India – 110025
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Arinits Sales 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 Arinits Sales Private Limited
FY 2017 filings availableArinits Sales Private Limited reported revenue of ₹225.53 Cr (up 34% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 34% growth 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 | ₹225.53 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹4.96 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹65.74 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 2.2% | ||
| 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 Arinits Sales Private Limited, buy the company report.
Board of directors of Arinits Sales Private Limited
Arinits Sales has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devender Singh | Additional Director | 30 Nov 2017 | 8 Years 10 Months | As last reported |
| Ashish Chopra | Director | 31 Oct 2003 | 22 Years 11 Months | As last reported |
Auditor
Arinits Sales Private Limited is audited by K N A ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K N A ASSOCIATES | FY 2017 | 014111N |
Shareholding
The shareholding of Arinits Sales 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 Arinits Sales Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 May 2016 | 100035182 | Others | ₹12 Cr | Open | |
| 13 Dec 2014 | 10545005 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 26 Apr 2010 | 10217230 | Punjab National Bank | ₹45.5 Cr | Open | |
| 29 Apr 2010 | 10217775 | S. E. Investments Limited | ₹1 Cr | Satisfied | |
| 18 Nov 2004 | 90051063 | Union Bank of India | ₹16 Cr | Satisfied |
To see the full charge records of Arinits Sales Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Arinits Sales Private Limited has 86 court cases on record: 26 filed by Arinits Sales, 60 filed against it. 6 cases are pending and 80 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 73 | 55 | 6 |
| High courts | 12 | 4 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by Tata Capital Financial Services Limited | Pending |
| District court, Central, Delhi | Criminal case | Filed against the company by Icici Bank Ltd | Disposed |
| District court, South, Delhi | Criminal case | Filed against the company by M/S Equitas Small Finance Bank Ltd | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Indiabulls Consumer Finance Ltd | Disposed |
| District court, South, Delhi | Execution petition | Filed against the company by M/S Equitas Small Finance Bank Ltd. | Disposed |
To see the full case history of Arinits Sales 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 Arinits Sales Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Arinits Sales has 2 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 Arinits Sales Private Limited, buy the company report.
Recent activity
Arinits Sales Private Limited has 4 board changes on record since 2003: 2 appointments and 2 cessations. The latest: Anusha Chopra ceased to be Director on 30 Nov 2017.
4 earlier events are in the company report.
Frequently asked questions
Arinits Sales is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Arinits Sales is a company under liquidation, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 31 October 2003 and is registered under CIN U51909DL2003PTC122891. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Arinits Sales has 2 current directors:
- Devender Singh - Additional Director
- Ashish Chopra - Director
The latest financial statements of Arinits Sales on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Arinits Sales is U51909DL2003PTC122891. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arinits Sales has open charges of ₹58.5 Cr and satisfied charges of ₹17 Cr as per latest MCA filings.
Arinits Sales has 86 court cases on record: 26 filed by the company and 60 filed against it. 6 are pending. Most are in the district courts.
Arinits Sales was incorporated on 31 October 2003. It is registered with the Registrar of Companies, Delhi.
Anusha Chopra ceased to be Director on 30 Nov 2017. Devender Singh was appointed as Additional Director on 30 Nov 2017. Nishi Chopra ceased to be Director on 25 Aug 2017. Arinits Sales has 4 board changes on record in total.
The registered office of Arinits Sales is at 322 DLF Tower B Jasola Distt. Centre, New Delhi, Delhi, India – 110025.