About Shanti Refrigeration Industries Private Limited
Data last updated:
Shanti Refrigeration Industries Private Limited is a private limited company based in Pantnagar, Uttarakhand, 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 manufacturing segment of the consumer electronics and durables sector. It was incorporated on 08 October 2007.
The company is registered with the Registrar of Companies (ROC), Uttarakhand, under CIN U74991UR2007PTC032487. Its GSTIN is 05AALCS3426J1Z8 (Uttarakhand).
The company has an authorised share capital of ₹15.85 Cr and a paid-up capital of ₹13.28 Cr. It is led by directors including Rajesh Ramnani (Irp/Rp/Liquidator) and Radheshyam Rambhirai Shukla.
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 Plot No. 27& 28 Sector 7 I.I.D.C I.I.E, Pantnagar, Uttarakhand, India – 263145.
As per the financials filed for FY 2019, the company reported a revenue of ₹127.69 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹1.16 Cr (net margin 0.9%) and EBITDA of ₹7.88 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
As per MCA filings, the company has open charges of ₹55.83 Cr and satisfied charges of ₹96.9 Cr on record. Court records list 79 cases involving the company, including 11 filed by the company and 68 filed against it; 34 cases are pending. The company has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹38.67 Cr; the latest was in August 2017.
The last known website on record is shanticomfort.com.
Company details
Contact details
Shanti Refrigeration Industries Private Limited's registered office is in Pantnagar, Uttarakhand. Its website is shanticomfort.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 27& 28 Sector 7 I.I.D.C I.I.E, Pantnagar, Uttarakhand, India – 263145
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Shanti Refrigeration Industries 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
Business activity
The main business activity of Shanti Refrigeration Industries is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Shanti Refrigeration Industries Private Limited, buy the company report.
Financials of Shanti Refrigeration Industries Private Limited
FY 2019 filings availableShanti Refrigeration Industries Private Limited reported revenue of ₹127.69 Cr (down 15% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 15% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA rose 9% 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 | ₹127.69 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
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| EBITDA | ₹7.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.16 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Shanti Refrigeration Industries Private Limited, buy the company report.
Board of directors of Shanti Refrigeration Industries Private Limited
Shanti Refrigeration Industries has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Ramnani Also directs: SMC Credits Limited., GVP Infotech Limited, GKC Management Services Private Limited and 1 more | Irp/Rp/Liquidator | 11 Oct 2023 | 3 Years 1 Months | As last reported |
| Radheshyam Rambhirai Shukla | Director | 08 Oct 2007 | 19 Years 1 Months | As last reported |
| Ashish Radheyshyam Shukla | Director | 08 Oct 2007 | 19 Years 1 Months | As last reported |
Auditor
Shanti Refrigeration Industries Private Limited is audited by AGARWAL GUPTA & KOHLI for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL GUPTA & KOHLI | FY 2019 | 009846C |
Shareholding
The shareholding of Shanti Refrigeration Industries Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Shanti Refrigeration Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Apr 2021 | 100441873 | Tata Capital Financial Services Limited | ₹1.77 Cr | Open | |
| 26 Dec 2019 | 100321181 | State Bank of India | ₹3 Cr | Open | |
| 14 Mar 2019 | 100247829 | State Bank of India | ₹44.06 Cr | Open | |
| 18 Aug 2017 | 100125527 | Tata Capital Financial Services Limited | ₹5 Cr | Open | |
| 07 Mar 2017 | 100126505 | Tata Capital Financial Services Limited | ₹2 Cr | Open |
To see the full charge records of Shanti Refrigeration Industries Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Shanti Refrigeration Industries Private Limited has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹38.67 Cr; the latest was in August 2017.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Rights issue | ₹1.11 Cr | Investors: 2 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Seller: S.J. Hosiery Private Limited , 3 individuals |
| Mar 2010 | Funding round | ₹4.87 Cr | Investors: Manjushree Leasefin Private Limited , an individual |
| Mar 2010 | Funding round | ₹4.5 Cr | Investors: Manjushree Leasefin Private Limited , 3 individuals |
| Mar 2008 | Funding round | ₹27.37 Cr | Investors: S.J. Hosiery Private Limited , Fort Leather Private Limited , Bhawani Engineering Private Limited, an individual |
To see the full deal history of Shanti Refrigeration Industries Private 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
Shanti Refrigeration Industries Private Limited has 79 court cases on record: 11 filed by Shanti Refrigeration Industries, 68 filed against it. 34 cases are pending and 45 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 55 | 50 | 31 |
| High courts | 14 | 8 | 3 |
| NCLT | 5 | 5 | 0 |
| NCLAT | 5 | 5 | 0 |
Cases on record (5 of 79)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by Rpa Copper Distributors Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Mehta Tubes Limited | Pending |
| District court, South West, Delhi | Court case (OMP (I)(COMM.)) | Filed against the company by Axis Bank Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Mehta Tubes Limited Through Its Director Ganpat Vachhraj Mehta | Disposed |
| High Court, TAMIL NADU | Arbitration matter | Filed against the company by Northern Arc Capital Limited, Represented by Its Authorised Signatory Mr.Veda Raguraj. J | Disposed |
To see the full case history of Shanti Refrigeration Industries 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
Shanti Refrigeration Industries Private Limited was last rated by Brickwork on 05 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 05 May 2021 |
To see the full credit ratings and regulatory alerts of Shanti Refrigeration Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shanti Refrigeration Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shanti Refrigeration Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AALCS3426J1Z8 | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shanti Refrigeration Industries Private Limited, buy the company report.
Recent activity
Shanti Refrigeration Industries Private Limited has 4 board changes on record since 2007: 3 appointments and 1 cessation. The latest: Rajesh Ramnani was appointed as Irp/Rp/Liquidator on 11 Oct 2023.
18 earlier events are in the company report.
Frequently asked questions
Shanti Refrigeration Industries 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.
Shanti Refrigeration Industries is a company under insolvency, formerly operating as a private limited company based in Pantnagar, Uttarakhand, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 08 October 2007 and is registered under CIN U74991UR2007PTC032487. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shanti Refrigeration Industries has 3 current directors:
- Radheshyam Rambhirai Shukla - Director
- Ashish Radheyshyam Shukla - Director
- Rajesh Ramnani - Irp/Rp/Liquidator
The latest financial statements of Shanti Refrigeration Industries 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 Shanti Refrigeration Industries is U74991UR2007PTC032487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shanti Refrigeration Industries has open charges of ₹55.83 Cr and satisfied charges of ₹96.9 Cr as per latest MCA filings.
Shanti Refrigeration Industries has 79 court cases on record: 11 filed by the company and 68 filed against it. 34 are pending. Most are in the district courts.
Shanti Refrigeration Industries was incorporated on 08 October 2007. It is registered with the Registrar of Companies, Uttarakhand.
Shanti Refrigeration Industries has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹38.67 Cr; the latest was in August 2017.
Rajesh Ramnani was appointed as Irp/Rp/Liquidator on 11 Oct 2023. Bindu Tripathi ceased to be Director on 23 Apr 2018. Ashish Radheyshyam Shukla was appointed as Director on 08 Oct 2007. Shanti Refrigeration Industries has 4 board changes on record in total.
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