About Blue Cross Road Solutions Limited
Data last updated:
Blue Cross Road Solutions Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been dissolved under section 54 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 chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 16 March 2013.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2013PLC241062. Its GSTIN is 27AAECT5860G1Z5 (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Torrent Petrochem Private Limited and Torrent Industries Limited. It was led by directors including Santosh Balwant Hutke and Ajay Marathe (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Unit No.406 B' Wing Cello Triumph I.B.Patel Road Goregaon (East), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2019, the company reported a revenue of ₹28.76 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹1.32 Cr (net margin -4.6%) and EBITDA of -₹32.7 Lakh (EBITDA margin -1.1%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 9% over five years.
As per MCA filings, the company had open charges of ₹5.5 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.99 Cr; the latest was in March 2015.
The last known website on record is bluecross.in.
Company details
Name history
Blue Cross Road Solutions has undergone 3 name changes throughout its history. The company was previously known as Torrent Petrochem Private Limited, Torrent Industries Limited, and Torrent Petrochem Limited. The current legal name is Blue Cross Road Solutions Limited.
| Company Name | Status |
|---|---|
| Blue Cross Road Solutions Limited | Current |
| Torrent Petrochem Private Limited | Previous |
| Torrent Industries Limited | Previous |
| Torrent Petrochem Limited | Previous |
CIN history
Blue Cross Road Solutions has one previous CIN (Corporate Identification Number): U51101MH2013PTC241062. The current CIN is U51101MH2013PLC241062, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51101MH2013PLC241062 | Current |
| U51101MH2013PTC241062 | Previous |
Contact details
Blue Cross Road Solutions Limited's registered office is in Mumbai, Maharashtra. Its website is bluecross.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No.406 B' Wing Cello Triumph I.B.Patel Road Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Blue Cross Road Solutions 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 Blue Cross Road Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Blue Cross Road Solutions Limited, buy the company report.
Financials of Blue Cross Road Solutions Limited
FY 2019 filings availableBlue Cross Road Solutions Limited reported revenue of ₹28.76 Cr (down 68% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 68% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 134% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹28.76 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹32.7 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.32 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.1% | ||||
| Net Profit Margin | -4.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Blue Cross Road Solutions Limited, buy the company report.
Board of directors of Blue Cross Road Solutions Limited
Blue Cross Road Solutions has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjupatel Biradar | Additional Director | 22 Mar 2021 | 5 Years 7 Months | As last reported |
| Santosh Balwant Hutke Also directs: Mellisa Businesses Est LLP, Harshvardhan Commercials LLP, Blue Cross Commodities Private Limited and 2 more | Director | 16 Mar 2013 | 13 Years 7 Months | As last reported |
| Ajay Marathe Also directs: Indo Amines Limited | Irp/Rp/Liquidator | 23 Aug 2023 | 3 Years 2 Months | As last reported |
| Umesh Govind Raut Also directs: Saumil Mercantile Private Limited, Polaris Indcomm Private Limited, Arco Trading Est. LLP and 1 more | Director | 22 Mar 2018 | 8 Years 7 Months | As last reported |
Auditor
Blue Cross Road Solutions Limited is audited by KOCHAR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KOCHAR & ASSOCIATES | FY 2019 | 105256W |
Shareholding
The shareholding of Blue Cross Road Solutions Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Blue Cross Road Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jan 2015 | 10546571 | Janata Sahakari Bank Ltd Pune | ₹5.5 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Blue Cross Road Solutions Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.99 Cr; the latest was in March 2015.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Funding round | ₹2.95 Cr | Investors: 2 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2013 | Funding round | ₹4 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Blue Cross Road Solutions Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Janata Sahakari Bank Ltd | Disposed |
To see the full case history of Blue Cross Road Solutions 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 Blue Cross Road Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Blue Cross Road Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECT5860G1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Blue Cross Road Solutions Limited, buy the company report.
Recent activity
Blue Cross Road Solutions Limited has 8 board changes on record since 2013: 4 appointments and 4 cessations. The latest: Ajay Marathe was appointed as Irp/Rp/Liquidator on 23 Aug 2023.
Frequently asked questions
Blue Cross Road Solutions has been "Dissolved Under Section 54" 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.
Blue Cross Road Solutions was a public limited company based in Mumbai, Maharashtra, India. The company worked in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 16 March 2013 and is registered under CIN U51101MH2013PLC241062. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Blue Cross Road Solutions was incorporated on 16 March 2013. It is registered with the Registrar of Companies, Mumbai.
Blue Cross Road Solutions had 4 directors:
- Manjupatel Biradar - Additional Director
- Santosh Balwant Hutke - Director
- Umesh Govind Raut - Director
- Ajay Marathe - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Blue Cross Road Solutions is U51101MH2013PLC241062. 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 Blue Cross Road Solutions is at Unit No.406 B Wing Cello Triumph I.B.Patel Road Goregaon East, Mumbai, Maharashtra, India – 400063.
Blue Cross Road Solutions can be reached through the website bluecross.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Blue Cross Road Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Blue Cross Road Solutions is 27AAECT5860G1Z5, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Blue Cross Road Solutions operated in the chemicals and materials industry, in the chemical distribution and retail segment.