Rachika Trading Limited
About Rachika Trading Limited
Data last updated:
Rachika Trading Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Flfl Lifestyle Brands Limited. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 13 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2014PTC254277. Its GSTIN is 27AAGCR8956F1ZW (Maharashtra). The company holds 14 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹31 Cr and a paid-up capital of ₹25 Cr. It was formerly known as Rachika Trading Private Limited. It is led by directors including Rohit Mahesh Dalmia and Vijai Singh Dugar.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Knowledge House Shyam Nagar Off Jogeshwari Vikhroli Link Road Jogeshwari East, Mumbai, Maharashtra, India – 400060.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.99 Cr, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹10.7 Cr (net margin -358.2%) and EBITDA of ₹18.29 Lakh (EBITDA margin 6.1%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 36% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹18.62 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it. The company has 4 deals on record (2 acquisitions, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹4.99 Cr; the latest was in December 2019.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Rachika Trading Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressKnowledge House Shyam Nagar Off Jogeshwari Vikhroli Link Road Jogeshwari East, Mumbai, Maharashtra, India – 400060
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Rachika Trading 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 Rachika Trading is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Rachika Trading Limited, buy the company report.
Financials of Rachika Trading Limited
FY 2021 filings availableRachika Trading Limited reported revenue of ₹2.99 Cr (down 90% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 90% fall in the latest year. EBITDA rose 106% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2.99 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18.29 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.7 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | -358.2% | ||||
| 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 Rachika Trading Limited, buy the company report.
Board of directors of Rachika Trading Limited
Rachika Trading has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Mahesh Dalmia Also directs: Rural Fairprice Wholesale Limited, Futurefone Limited, Niyman Mall Management Company Private Limited and 3 more | Director | 23 Nov 2016 | 9 Years 11 Months | Current |
| Vijai Singh Dugar | Director | 23 Nov 2016 | 9 Years 11 Months | Current |
| Ravikant Anwekar Also directs: Indus-League Clothing Limited, Indus Tree Crafts Limited, Mineral Fashions Limited and 3 more | Director | 13 Jan 2021 | 5 Years 9 Months | Current |
Auditor
Rachika Trading Limited is audited by SURESH K JHA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURESH K JHA & CO | FY 2021 | 121355W |
Shareholding
The shareholding of Rachika Trading Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rachika Trading Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2014 | 10543114 | Axis Bank Limited | ₹18.62 Cr | Satisfied |
To see the full charge records of Rachika Trading Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Rachika Trading Limited has 4 deals on record (2 acquisitions, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹4.99 Cr; the latest was in December 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2019 | Acquisition | ₹33.95 Cr | Buyer: Future Lifestyle Fashions Limited |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: Future Lifestyle Fashions Limited , 3 individuals Seller: 3 individuals |
| Sep 2015 | Acquisition | ₹20 Cr | Buyer: Future Lifestyle Fashions Limited |
| Sep 2014 | Funding round | ₹4.99 Cr | Investors: Future Lifestyle Fashions Limited , an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rachika Trading Limited has 4 court cases on record: 2 filed by Rachika Trading, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Civil suit | Filed against the company by M/S RKM International LLP | Disposed |
| District court, Jaipur Metro II, Rajasthan | Civil miscellaneous application | Filed against the company by M/S RKM International LLP | Disposed |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against State of U.P. and 7 Others | Disposed |
| High Court, UTTARPRADESH | Writ petition | Filed by the company against State of U.P. and 6 Others | Disposed |
To see the full case history of Rachika Trading 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 Rachika Trading Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rachika Trading Limited has a workforce of 17 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Rachika Trading has 14 GST registrations: 8 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCR8956F1ZW | Maharashtra | Active | 01 Jul 2017 |
| 05AAGCR8956F1Z2 | Uttarakhand | Active | 01 Jul 2017 |
| 06AAGCR8956F1Z0 | Haryana | Active | 01 Jul 2017 |
| 07AAGCR8956F1ZY | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rachika Trading Limited, buy the company report.
Recent activity
Rachika Trading Limited has 16 board changes on record since 2014: 3 appointments and 13 cessations. The latest: Ravikant Anwekar ceased to be Additional Director on 30 Nov 2021.
10 earlier events are in the company report.
Frequently asked questions
Rachika Trading is an active company based in Mumbai, Maharashtra, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 13 March 2014 (12+ years old) and is registered under CIN U51101MH2014PTC254277.
Rachika Trading has 3 current directors:
- Rohit Mahesh Dalmia - Director
- Vijai Singh Dugar - Director
- Ravikant Anwekar - Director
The latest financial statements of Rachika Trading on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Rachika Trading is 27AAGCR8956F1ZW, registered in Maharashtra. The company has 14 GST registrations in all, of which 8 are active and 6 are cancelled or inactive. Other active GSTINs include 05AAGCR8956F1Z2 (Uttarakhand), 06AAGCR8956F1Z0 (Haryana), 07AAGCR8956F1ZY (Delhi).
The CIN (Corporate Identification Number) of Rachika Trading is U51101MH2014PTC254277. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rachika Trading has 4 court cases on record: 2 filed by the company and 2 filed against it. Most are in the district courts.
Rachika Trading was incorporated on 13 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Rachika Trading has 4 deals on record (2 acquisitions, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹4.99 Cr; the latest was in December 2019.
Ravikant Anwekar ceased to be Additional Director on 30 Nov 2021. Cherukuri Murali ceased to be Cfo(Kmp) on 26 May 2021. Bhuchandrappa Nanjappa ceased to be Company Secretary on 21 Apr 2021. Rachika Trading has 16 board changes on record in total.
The registered office of Rachika Trading is at Knowledge House Shyam Nagar Off Jogeshwari Vikhroli Link Road Jogeshwari East, Mumbai, Maharashtra, India – 400060.