About Sa Rawther Spices Private Limited
Data last updated:
Sa Rawther Spices Private Limited is a private limited company based in Bangalore, Karnataka, 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 tea and coffee processing segment of the agriculture sector. It was incorporated on 27 December 1985.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15495KA1985PTC007373. Its GSTIN is 29AAICS5030K1Z3 (Karnataka). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹12 Cr. It is led by directors Anish Mohammed Rawther and Thazathu Shaik Haseena.
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 No 17 2nd Floor 4th Block 4th Main Road G Palya, Bangalore, Karnataka, India – 560022.
As per the financials filed for FY 2017, the company reported a revenue of ₹222.82 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹168.02 Cr (net margin -75.4%) and EBITDA of -₹135.92 Cr (EBITDA margin -61%).
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: SA Rawther Spices. As per MCA filings, the company has open charges of ₹430.2 Cr and satisfied charges of ₹11.25 Cr on record. Court records list 58 cases involving the company, including 25 filed by the company and 33 filed against it; 13 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.26 Cr; the latest was in September 2016.
The last known website on record is rawther.co.in.
Company details
CIN history
Sa Rawther Spices has one previous CIN (Corporate Identification Number): U85110KA1985PTC007373. The current CIN is U15495KA1985PTC007373, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15495KA1985PTC007373 | Current |
| U85110KA1985PTC007373 | Previous |
Contact details
Sa Rawther Spices Private Limited's registered office is in Bangalore, Karnataka. Its website is rawther.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 17 2nd Floor 4th Block 4th Main Road G Palya, Bangalore, Karnataka, India – 560022
- IndustryAgriculture, Tea & Coffee Processing
To see the full contact details of Sa Rawther Spices 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
Sa Rawther Spices operates one associated brand: SA Rawther Spices. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Processing and marketing spices, coffee and dehydrated products | rawther.co.in |
Business activity
The main business activity of Sa Rawther Spices 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 Sa Rawther Spices Private Limited, buy the company report.
Financials of Sa Rawther Spices Private Limited
FY 2017 filings availableSa Rawther Spices Private Limited reported revenue of ₹222.82 Cr (down 66% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 66% in the latest year. EBITDA fell 353% in the latest 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 | ₹222.82 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹135.92 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹168.02 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 | -61% | ||
| Net Profit Margin | -75.4% | ||
| 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 Sa Rawther Spices Private Limited, buy the company report.
Board of directors and KMP of Sa Rawther Spices Private Limited
Sa Rawther Spices Private Limited currently reports 2 directors and 1 key managerial person. 2 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivaprabhu Revanna | Company Secretary | 19 Aug 2005 | 21 Years 2 Months | As last reported |
| Anish Mohammed Rawther Also directs: Rawther-Plantations Merchants Private Limited | Director | 01 Apr 2000 | 26 Years 6 Months | As last reported |
| Thazathu Shaik Haseena Also directs: Rawther-Plantations Merchants Private Limited | Director | 01 Dec 1996 | 29 Years 10 Months | As last reported |
Auditor
Sa Rawther Spices Private Limited is audited by A V NARAYANASWAMY & N CHOODAMANI for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A V NARAYANASWAMY & N CHOODAMANI | FY 2017 | 002403S |
Shareholding
The shareholding of Sa Rawther Spices Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sa Rawther Spices Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2016 | 100050977 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 24 Feb 2016 | 100050447 | Others | ₹30 Cr | Open | |
| 28 Dec 2015 | 10614749 | Kotak Mahindra Bank Limited | ₹8.7 Cr | Open | |
| 16 Dec 2013 | 10508997 | The Jammu and Kashmir Bank | ₹24.14 Cr | Open | |
| 29 Sep 2009 | 10183383 | The Jammu & Kashmir Bank Limited | ₹3.44 Cr | Open |
To see the full charge records of Sa Rawther Spices Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Sa Rawther Spices Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.26 Cr; the latest was in September 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Jan 2014 | Funding round | ₹6.86 Cr | Investors: 3 individuals |
| Nov 2011 | Funding round | ₹1.4 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sa Rawther Spices Private Limited has 58 court cases on record: 25 filed by Sa Rawther Spices, 33 filed against it. 13 cases are pending and 45 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 25 | 12 |
| High courts | 21 | 8 | 1 |
| Supreme Court | 3 | 0 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against RBL Bank Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Axis Bank Limited | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by RBL Bank Limited Rep by Rajanna MP | Pending |
| Supreme Court | Court case (1431-Criminal Matters : Matters challenging prosecution under Negotiable Instruments Act) | Filed by the company against M/S Axis Bank Limited Constituted Attorney and Authoized Representative Sanjib Banerjee Zonal Office, No. 1 Shakespeare Sarani Ac Market Building, 4Th Floor, Kolkata ,Kolkata , West Bengal and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by RBL Bank Limited | Disposed |
To see the full case history of Sa Rawther Spices 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.
Credit ratings & regulatory alerts
Sa Rawther Spices Private Limited was last rated by Crisil on 15 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Dec 2020 |
To see the full credit ratings and regulatory alerts of Sa Rawther Spices Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sa Rawther Spices Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sa Rawther Spices has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICS5030K1Z3 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sa Rawther Spices Private Limited, buy the company report.
Recent activity
Sa Rawther Spices Private Limited has 4 board changes on record since 1996: 3 appointments and 1 cessation. The latest: Syed Mohemmed Rawther ceased to be Managing Director on 24 Aug 2014.
8 earlier events are in the company report.
Frequently asked questions
Sa Rawther Spices 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.
Sa Rawther Spices is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in tea and coffee processing, within the agriculture industry. It was incorporated on 27 December 1985 and is registered under CIN U15495KA1985PTC007373. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sa Rawther Spices has 3 current directors and KMP:
- Anish Mohammed Rawther - Director
- Thazathu Shaik Haseena - Director
- Shivaprabhu Revanna - Company Secretary
The latest financial statements of Sa Rawther Spices 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 Sa Rawther Spices is U15495KA1985PTC007373. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sa Rawther Spices has open charges of ₹430.2 Cr and satisfied charges of ₹11.25 Cr as per latest MCA filings.
Sa Rawther Spices has 58 court cases on record: 25 filed by the company and 33 filed against it. 13 are pending. Most are in the district courts.
Sa Rawther Spices was incorporated on 27 December 1985. It is registered with the Registrar of Companies, Bangalore.
Sa Rawther Spices has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.26 Cr; the latest was in September 2016.
Syed Mohemmed Rawther ceased to be Managing Director on 24 Aug 2014. Shivaprabhu Revanna was appointed as Company Secretary on 19 Aug 2005. Anish Mohammed Rawther was appointed as Director on 01 Apr 2000. Sa Rawther Spices has 4 board changes on record in total.