About Hi Tech Grain Processing Private Limited
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Hi Tech Grain Processing Private Limited is a private limited company based in 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 staple foods and grains segment of the food and beverages sector. It was incorporated on 10 December 2001.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U15314DL2001PTC113420. Its GSTIN is 07AABCH3186L2ZB (Delhi). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.05 Cr. It is led by directors Naresh Kumar Mittal and Sanjeev Kumar Raghav.
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 is at G – 5 Lawrance Road Industrial Area, Delhi, India – 110035.
As per the financials filed for FY 2017, the company reported a revenue of ₹1,130.95 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹6.41 Cr (net margin -0.6%) and EBITDA of ₹14.73 Cr (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years.
The company has about 66 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hitech Pulses. As per MCA filings, the company has open charges of ₹655 Cr and satisfied charges of ₹382 Cr on record. Court records list 25 cases involving the company, including 18 filed by the company and 7 filed against it; 2 cases are pending.
The last known website on record is hitechpulses.com.
Company details
Contact details
Hi Tech Grain Processing Private Limited's registered office is in Delhi, Delhi. Its website is hitechpulses.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressG – 5 Lawrance Road Industrial Area, Delhi, India – 110035
- IndustryFood and Beverages, Staple Foods & Grains
To see the full contact details of Hi Tech Grain Processing 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
Brands
Hi Tech Grain Processing operates one associated brand: Hitech Pulses. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in the production and marketing of pulses and staples. | hitechpulses.com |
Business activity
The main business activity of Hi Tech Grain Processing is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Hi Tech Grain Processing Private Limited, buy the company report.
Financials of Hi Tech Grain Processing Private Limited
FY 2017 filings availableHi Tech Grain Processing Private Limited reported revenue of ₹1,130.95 Cr (up 17% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over three years, including 17% growth in the latest year. EBITDA fell 59% 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 | ₹1,130.95 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹14.73 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹6.41 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 | 1.3% | ||
| Net Profit Margin | -0.6% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| 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 Hi Tech Grain Processing Private Limited, buy the company report.
Board of directors of Hi Tech Grain Processing Private Limited
Hi Tech Grain Processing has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Kumar Mittal Also directs: Best Grains Private Limited | Director | 01 Mar 2008 | 18 Years 7 Months | As last reported |
| Sanjeev Kumar Raghav | Additional Director | 27 Mar 2018 | 8 Years 6 Months | As last reported |
Auditor
Hi Tech Grain Processing Private Limited is audited by R T P S & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R T P S & CO | FY 2017 | 017980N |
Shareholding
The shareholding of Hi Tech Grain Processing 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 Hi Tech Grain Processing Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jan 2018 | 100157208 | Others | ₹20 Cr | Open | |
| 22 Nov 2017 | 100178090 | Indian Bank | ₹30 Cr | Open | |
| 18 Nov 2017 | 100138407 | Indian Bank | ₹30 Cr | Open | |
| 18 Oct 2017 | 100133903 | Hdfc Bank Limited | ₹45 Cr | Open | |
| 07 Apr 2017 | 100102671 | Hdfc Bank Limited | ₹25 Cr | Open |
To see the full charge records of Hi Tech Grain Processing Private Limited, buy the company report.
Total charge records: 22 View all charges
Legal cases
Hi Tech Grain Processing Private Limited has 25 court cases on record: 18 filed by Hi Tech Grain Processing, 7 filed against it. 2 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 4 | 2 |
| High courts | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Execution petition | Filed by the company against M/S MSG All Trading International Pvt. Ltd. | Disposed |
| Allahabad High Court | Writ petition | Filed against the company by S.G Realtor Pvt.Ltd.Thur Its Authorized Signatory Shri Yogesh Kumar Sharma | Disposed |
| District court, North West, Delhi | Civil suit | Filed against the company by Ms Swift Securitas (P) Ltd (NW) | Disposed |
| District court, Central, Delhi | Court case (CBI) | Filed against the company by an individual | Pending |
| District court, North West, Delhi | Civil suit | Filed by the company against MSG All Trading International Pvt.Ltd and Anr | Pending |
To see the full case history of Hi Tech Grain Processing 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 Hi Tech Grain Processing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hi Tech Grain Processing has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCH3186L2ZB | Delhi | Active | 21 May 2020 |
To see the full GST registrations and return filing status of Hi Tech Grain Processing Private Limited, buy the company report.
Recent activity
Hi Tech Grain Processing Private Limited has 5 board changes on record since 2008: 2 appointments and 3 cessations. The latest: Asha Mittal ceased to be Director on 27 Mar 2018.
37 earlier events are in the company report.
Frequently asked questions
Hi Tech Grain Processing 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.
Hi Tech Grain Processing is a company under liquidation, formerly operating as a private limited company based in Delhi, India. The company works in staple foods and grains, within the food and beverages industry. It was incorporated on 10 December 2001 and is registered under CIN U15314DL2001PTC113420. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Hi Tech Grain Processing has 2 current directors:
- Naresh Kumar Mittal - Director
- Sanjeev Kumar Raghav - Additional Director
The latest financial statements of Hi Tech Grain Processing 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.
The CIN (Corporate Identification Number) of Hi Tech Grain Processing is U15314DL2001PTC113420. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi Tech Grain Processing has open charges of ₹655 Cr and satisfied charges of ₹382 Cr as per latest MCA filings.
Hi Tech Grain Processing has 25 court cases on record: 18 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Hi Tech Grain Processing was incorporated on 10 December 2001. It is registered with the Registrar of Companies, Delhi.
Asha Mittal ceased to be Director on 27 Mar 2018. Sanjeev Kumar Raghav was appointed as Additional Director on 27 Mar 2018. Naresh Kumar Mittal ceased to be Additional Director on 03 Aug 2009. Hi Tech Grain Processing has 5 board changes on record in total.
Hi Tech Grain Processing can be reached through the website hitechpulses.com. Its registered office is in Delhi, India.