Indian Refrigerator Company Limited
About Indian Refrigerator Company Limited
Data last updated:
Indian Refrigerator Company Limited is a public limited company based in Aurangabad, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 18 April 1994.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29301MH1994PLC131185. Its GSTIN is 33AAACI4122Q3ZJ (Tamil Nadu). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Neha Punit Agrawal (Irp/Rp/Liquidator) and Kesharmal Nensukhlal Gandhi.
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 is at Auto Cars Compound Adalat Road, Aurangabad, Maharashtra, India – 431005.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.67 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹11.33 Lakh (net margin -424.9%) and EBITDA of ₹2.33 Lakh (EBITDA margin 87.2%). Revenue has declined at a compounded annual rate (CAGR) of 94% over three years.
As per MCA filings, the company has open charges of ₹300 Cr and satisfied charges of ₹30 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it; 2 cases are pending.
Company details
CIN history
Indian Refrigerator Company has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29301MH1994PLC131185, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29301MH1994PLC131185 | Current |
| U29191MH1994PLC131185 | Previous |
| U29191MH2001PTC131185 | Previous |
Contact details
Indian Refrigerator Company Limited's registered office is in Aurangabad, Maharashtra.
- Registered AddressAuto Cars Compound Adalat Road, Aurangabad, Maharashtra, India – 431005
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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 Indian Refrigerator Company Limited
FY 2019 filings availableIndian Refrigerator Company Limited reported revenue of ₹2.67 Lakh (down 96% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 94% over three years, including a 96% fall in the latest year. EBITDA rose 100% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹2.67 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.33 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.33 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 87.2% | ||||
| Net Profit Margin | -424.9% | ||||
| 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 Indian Refrigerator Company Limited, buy the company report.
Board of directors of Indian Refrigerator Company Limited
Indian Refrigerator Company has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neha Punit Agrawal | Irp/Rp/Liquidator | 10 Sep 2024 | 2 Years 2 Months | As last reported |
| Kavishwar Bhaurao Patil | Additional Director | 01 Nov 2023 | 3 Years 0 Months | As last reported |
| Kesharmal Nensukhlal Gandhi Also directs: Tangent Electronics Private Limited, Pipavav Energy Private Limited, Jubiliant Digital Solutions Private Limited and 2 more | Director | 01 Aug 2010 | 16 Years 3 Months | As last reported |
| Naresh Balkrishna Oak | Additional Director | 05 Sep 2023 | 3 Years 2 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Sep 2009 | 10173772 | Idbi Trusteeship Services Limited | ₹300 Cr | Open | |
| 18 Feb 1997 | 80056591 | The Industrial Finance Corp. of India Ltd. | ₹30 Cr | Satisfied |
To see the full charge records of Indian Refrigerator Company Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Indian Refrigerator Company Limited has 8 court cases on record: 7 filed by Indian Refrigerator Company, 1 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 1 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against State Industries Promotion Corporation of Tamil Nadu Ltd., and 1 other | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against State Industries Promotion Corporation of Tamil Nadu Ltd., and 1 other | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against State Industries Promotion Corporation of Tamil Nadu Ltd., and 1 other | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company by an individual | Pending |
| High Court | Appeal | Filed by the company against individuals | Disposed |
To see the full case history of Indian Refrigerator Company 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 Indian Refrigerator Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indian Refrigerator Company has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACI4122Q3ZJ | Tamil Nadu | Active | 07 Mar 2021 |
To see the full GST registrations and return filing status of Indian Refrigerator Company Limited, buy the company report.
Recent activity
Indian Refrigerator Company Limited has 14 board changes on record since 2007: 4 appointments and 10 cessations. The latest: Neha Punit Agrawal was appointed as Irp/Rp/Liquidator on 10 Sep 2024.
9 earlier events are in the company report.
Frequently asked questions
Indian Refrigerator Company is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Indian Refrigerator Company is a company under insolvency, formerly operating as a public limited company based in Aurangabad, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 18 April 1994 and is registered under CIN U29301MH1994PLC131185. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Indian Refrigerator Company has 4 current directors:
- Kavishwar Bhaurao Patil - Additional Director
- Kesharmal Nensukhlal Gandhi - Director
- Naresh Balkrishna Oak - Additional Director
- Neha Punit Agrawal - Irp/Rp/Liquidator
The latest financial statements of Indian Refrigerator Company 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 CIN (Corporate Identification Number) of Indian Refrigerator Company is U29301MH1994PLC131185. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian Refrigerator Company has open charges of ₹300 Cr and satisfied charges of ₹30 Cr as per latest MCA filings.
Indian Refrigerator Company has 8 court cases on record: 7 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Indian Refrigerator Company was incorporated on 18 April 1994. It is registered with the Registrar of Companies, Mumbai.
Neha Punit Agrawal was appointed as Irp/Rp/Liquidator on 10 Sep 2024. Mitali Rajendra Mittal ceased to be Company Secretary on 01 Jun 2024. Kavishwar Bhaurao Patil was appointed as Additional Director on 01 Nov 2023. Indian Refrigerator Company has 14 board changes on record in total.
The registered office of Indian Refrigerator Company is at Auto Cars Compound Adalat Road, Aurangabad, Maharashtra, India – 431005.
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