Rai Ispat Private Limited
About Rai Ispat Private Limited
Data last updated:
Rai Ispat Private Limited is a private limited company based in Chennai, Tamil Nadu, 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 metals retail and distribution segment of the metals and mining sector. It was incorporated on 04 May 1987.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65993TN1987PTC014305. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹69.83 Lakh. It is led by directors Ritesh Rai and Joseph Philip.
Its last annual general meeting (AGM) was held on 15 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Old No.13 New No.6 Parkavenue Kesavaperumalpuram Off Greenways Road, Chennai, Tamil Nadu, India – 600028.
Court records list 11 cases involving the company, including 2 filed by the company and 9 filed against it; 3 cases are pending.
Company details
Contact details
Rai Ispat Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOld No.13 New No.6 Parkavenue Kesavaperumalpuram Off Greenways Road, Chennai, Tamil Nadu, India – 600028
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Rai Ispat 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 Rai Ispat 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 |
Financials of Rai Ispat Private Limited
FY 2021 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Rai Ispat Private Limited, buy the company report.
Board of directors of Rai Ispat Private Limited
Rai Ispat has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Rai Also directs: R K K R Steels Private Limited, Demeter Dealers Private Limited, Ojasvi Motor Finance Private Limited and 5 more | Director | 01 Apr 2004 | 22 Years 7 Months | As last reported |
| Joseph Philip | Director | 25 Oct 2004 | 22 Years 0 Months | As last reported |
Auditor
Rai Ispat Private Limited is audited by KUMBHAT & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUMBHAT & CO | FY 2019 | 001609S |
Shareholding
The shareholding of Rai Ispat 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 Rai Ispat Private Limited, buy the company report.
Legal cases
Rai Ispat Private Limited has 11 court cases on record: 2 filed by Rai Ispat, 9 filed against it. 3 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 5 | 0 |
| NCLT | 4 | 2 | 1 |
| District courts | 2 | 2 | 2 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Shah Coal Pvt Ltd | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S.Shah Coal Pvt Ltd | Disposed |
| NCLT, Chennai | Insolvency matter | Filed against the company by Tulsyan Nec Ltd | Disposed |
| Bombay High Court | Court case (TD) | Filed against the company by Shah Coal Pvt Ltd | Disposed |
| Bombay High Court | Court case (LPETN) | Filed against the company by M/S Shah Coal Pvt.Ltd | Disposed |
To see the full case history of Rai Ispat 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rai Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Rai Ispat has 10 associated companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
GST
Rai Ispat has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Rai Ispat Private Limited, buy the company report.
Recent activity
Rai Ispat Private Limited has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Rajiv Rai ceased to be Director on 15 Nov 2013.
Frequently asked questions
Rai Ispat 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.
Rai Ispat is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 04 May 1987 and is registered under CIN U65993TN1987PTC014305. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rai Ispat has 2 current directors:
- Ritesh Rai - Director
- Joseph Philip - Director
The latest financial statements of Rai Ispat on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 15 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rai Ispat is U65993TN1987PTC014305. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rai Ispat has 11 court cases on record: 2 filed by the company and 9 filed against it. 3 are pending. Most are in the high courts.
Rai Ispat was incorporated on 04 May 1987. It is registered with the Registrar of Companies, Chennai.
Rajiv Rai ceased to be Director on 15 Nov 2013. Nageswaran Sriram ceased to be Additional Director on 02 Sep 2010. Joseph Philip was appointed as Director on 25 Oct 2004. Rai Ispat has 4 board changes on record in total.
The registered office of Rai Ispat is at Old No.13 New No.6 Parkavenue Kesavaperumalpuram Off Greenways Road, Chennai, Tamil Nadu, India – 600028.
No. Rai Ispat has 2 GST registrations on record and all of them are cancelled or inactive.
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