About Map Refoils India Limited
Data last updated:
Map Refoils India Limited is a public limited company based in Kadi, Gujarat, 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 edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 09 January 2015.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15122GJ2015PLC081840. Its GSTIN is 24AAJCM5598D1Z8 (Gujarat). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.23 Cr. It is led by directors including Mehulkumar Arvindbhai Patel (Managing Director) and Khushboo Mehulkumar Patel.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Budasan India, Kadi, Gujarat, India – 382715.
As per the financials filed for FY 2020, the company reported a revenue of ₹1,011.23 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹5.93 Cr (net margin 0.6%) and EBITDA of ₹38.23 Cr (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years.
The company has about 78 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹463.88 Cr on record. Court records list 49 cases involving the company, including 12 filed by the company and 37 filed against it; 1 case is pending. The company has 8 deals on record (5 secondary share transfers, 2 rights issues, 1 acquisition); the latest was in March 2021. Its 9 peer companies in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 5 smaller; the largest is Sunbridge Agro Private Limited with revenue of ₹1,069.02 Cr.
The last known website on record is mapoils.com.
Company details
Contact details
Map Refoils India Limited's registered office is in Kadi, Gujarat. Its website is mapoils.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBudasan India, Kadi, Gujarat, India – 382715
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Map Refoils India 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 Map Refoils India is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Map Refoils India Limited, buy the company report.
Financials of Map Refoils India Limited
FY 2020 filings availableMap Refoils India Limited reported revenue of ₹1,011.23 Cr (up 27% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 27% over three years, including 27% growth in the latest year. EBITDA rose 38% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,011.23 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹38.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.93 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Map Refoils India Limited, buy the company report.
Board of directors of Map Refoils India Limited
Map Refoils India 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 |
|---|---|---|---|---|
| Khushboo Mehulkumar Patel | Director | 09 Jan 2015 | 11 Years 9 Months | As last reported |
| Mehulkumar Arvindbhai Patel | Managing Director | 09 Jan 2015 | 11 Years 9 Months | As last reported |
| Arvindbhai Kacharabhai Patel Also directs: Map Limited | Director | 09 Jan 2015 | 11 Years 9 Months | As last reported |
Peer comparison
Map Refoils India Limited is compared with the 9 companies closest to it by revenue in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunbridge Agro Private Limited | ₹1,069.02 Cr (FY 2024) | 5.0% | Dadri, Uttar Pradesh, India | |||
| Cian Agro Industries & Infrastructure Limited | ₹1,053.7 Cr (FY 2025) | 478.0% | Mumbai, Maharashtra, India | |||
| Ricela Health Foods Limited | ₹1,032.81 Cr (FY 2025) | 66.0% | Ludhiana, Punjab, India | |||
| Mahesh Edible Agro Oil Industries Private Limited | ₹1,029.75 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Map Refoils India Limitedthis company | ₹1,011.23 Cr (FY 2020) | ₹5.93 Cr | 0.6% | 27.0% | Kadi, Gujarat, India | |
| Kog-Ktv Food Products (India) Private Limited | ₹1,011.06 Cr (FY 2021) | 5.0% | Chennai, Tamil Nadu, India | |||
| Kumar Agro Refinery Private Limited | ₹1,007.64 Cr (FY 2025) | -7.0% | Chennai, Tamil Nadu, India | |||
| Hemraj Industries Private Limited | ₹964.36 Cr (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Lakhpat Trading and Industrys Private Limited | ₹941.27 Cr (FY 2025) | 129.0% | Jodhpur, Rajasthan, India | |||
| Kush Proteins Private Limited | ₹936.88 Cr (FY 2025) | -2.0% | Anand, Gujarat, India |
To see the full peer comparison of Map Refoils India Limited, buy the company report.
Auditor
Map Refoils India Limited is audited by SURANA MALOO & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURANA MALOO & CO | FY 2020 | 112171W |
Shareholding
The shareholding of Map Refoils India Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Map Refoils India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2021 | 100435089 | Others | ₹21.95 Lakh | Open | |
| 22 Mar 2021 | 100434717 | Others | ₹12.95 Lakh | Open | |
| 10 Mar 2021 | 100429601 | Others | ₹9 Lakh | Open | |
| 27 Feb 2021 | 100438111 | Axis Bank Limited | ₹12.95 Lakh | Open | |
| 22 Feb 2021 | 100426811 | Hdfc Bank Limited | ₹16.44 Lakh | Open |
To see the full charge records of Map Refoils India Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Map Refoils India Limited has 8 deals on record (5 secondary share transfers, 2 rights issues, 1 acquisition); the latest was in March 2021.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Secondary share transfer | Undisclosed | Buyer: Arvindbhai K Patel HUF, 3 individuals Seller: Agastya Exports LLP |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: Agastya Exports LLP Seller: Map Cotton Private Limited |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: Agastya Exports LLP , 2 individuals Seller: Map Oil LLP , Kacharabhai Sendhabhai Patel HUF, 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Map Oil LLP Seller: Map Limited |
| Aug 2015 | Rights issue | ₹59.68 Cr | Investors: Agastya Exports LLP , 3 individuals |
To see the full deal history of Map Refoils India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Map Refoils India Limited has 49 court cases on record: 12 filed by Map Refoils India, 37 filed against it. 1 case is pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 30 | 1 |
| NCLT | 14 | 7 | 0 |
| High courts | 2 | 0 | 0 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mahesana, Gujarat | Criminal miscellaneous application | Filed against the company by Bank of Baroda Through Authorized Officer Mr Giriraj Prasad Meena | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by M/S Gurdas Agro Pvt Limited Through Its Director SH Atma Ram | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by M/S G K Continental Trades Pvt Limited Through Its Director Smt. Usha Garg | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Map Cotton Private Limited and 3 others | Disposed |
| District court, GANDHINAGAR, Gujarat | Court case (SMST R) | Filed against the company by Natvarbhai Jugabhai Prajapati, Authorised Person of Vishal Containers Ltd. Unit-2 | Disposed |
To see the full case history of Map Refoils India 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.
Credit ratings & regulatory alerts
Map Refoils India Limited was last rated by Brickwork on 29 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 29 Jul 2021 |
To see the full credit ratings and regulatory alerts of Map Refoils India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Map Refoils India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Map Refoils India has 2 associated companies. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
GST
Map Refoils India has 6 GST registrations: 2 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCM5598D1Z8 | Gujarat | Active | 01 Jul 2017 |
| 08AAJCM5598D1Z2 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Map Refoils India Limited, buy the company report.
Recent activity
Map Refoils India Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Devang Mahendrabhai Patel ceased to be Director on 20 Feb 2021.
15 earlier events are in the company report.
Frequently asked questions
Map Refoils India 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.
Map Refoils India is a company under liquidation, formerly operating as a public limited company based in Kadi, Gujarat, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 09 January 2015 and is registered under CIN U15122GJ2015PLC081840. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Map Refoils India has 3 current directors:
- Mehulkumar Arvindbhai Patel - Managing Director
- Khushboo Mehulkumar Patel - Director
- Arvindbhai Kacharabhai Patel - Director
The latest financial statements of Map Refoils India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Map Refoils India is U15122GJ2015PLC081840. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Map Refoils India has open charges of ₹463.88 Cr and no satisfied charges on record as per latest MCA filings.
Map Refoils India has 49 court cases on record: 12 filed by the company and 37 filed against it. 1 is pending. Most are in the district courts.
Map Refoils India was incorporated on 09 January 2015. It is registered with the Registrar of Companies, Ahmedabad.
Map Refoils India has 8 deals on record (5 secondary share transfers, 2 rights issues, 1 acquisition); the latest was in March 2021.
The peers of Map Refoils India by revenue are Sunbridge Agro Private Limited, Cian Agro Industries & Infrastructure Limited, Ricela Health Foods Limited, Mahesh Edible Agro Oil Industries Private Limited, Kog-Ktv Food Products (India) Private Limited and 4 more, all in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products).
Devang Mahendrabhai Patel ceased to be Director on 20 Feb 2021. Mehulkumar Arvindbhai Patel ceased to be Director on 02 Jan 2018. Arvindbhai Kacharabhai Patel was appointed as Director on 09 Jan 2015. Map Refoils India has 5 board changes on record in total.