Raiment Overseas Limited
About Raiment Overseas Limited
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Raiment Overseas Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the textile segment of the apparel and fashion sector. It was incorporated on 24 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U67120WB2008PLC124412. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹17.12 Lakh. It was formerly known as Raa Overseas Limited and Raa Investments Limited. It is led by directors including Badal Dey and Suman Ganguly.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Flat 4 – B 6 Central Park Jadavpur, Kolkata, West Bengal, India – 700032.
As per the financials filed for FY 2016, the company reported a revenue of ₹14.31 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹11.21 Cr (net margin -78.3%) and EBITDA of -₹9.02 Cr (EBITDA margin -63%).
As per MCA filings, the company has open charges of ₹189.56 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
Raiment Overseas has undergone 2 name changes throughout its history. The company was previously known as Raa Overseas Limited, and Raa Investments Limited. The current legal name is Raiment Overseas Limited.
| Company Name | Status |
|---|---|
| Raiment Overseas Limited | Current |
| Raa Overseas Limited | Previous |
| Raa Investments Limited | Previous |
Contact details
Raiment Overseas Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat 4 – B 6 Central Park Jadavpur, Kolkata, West Bengal, India – 700032
- IndustryAppreal & Fashion, Textile, Leather, Apparel
To see the full contact details of Raiment Overseas 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 Raiment Overseas 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 Raiment Overseas Limited, buy the company report.
Financials of Raiment Overseas Limited
FY 2016 filings availableRaiment Overseas Limited reported revenue of ₹14.31 Cr (down 69% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 69% in the latest year. EBITDA fell 647% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹14.31 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹9.02 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹11.21 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -63% | |
| Net Profit Margin | -78.3% | |
| 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 Raiment Overseas Limited, buy the company report.
Board of directors of Raiment Overseas Limited
Raiment Overseas has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Badal Dey | Director | 01 Feb 2015 | 11 Years 9 Months | Current |
| Suman Ganguly | Director | 15 Apr 2013 | 13 Years 6 Months | Current |
| Amit Ray | Director | 24 Mar 2008 | 18 Years 7 Months | Current |
Peer comparison
Raiment Overseas Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Paras Panna Fab Tex Private Limited | ₹14.36 Cr (FY 2025) | 29.0% | Ahmedabad, Gujarat, India | |||
| Bansal Ginning and Pressing Private Limited | ₹14.35 Cr (FY 2024) | -38.0% | Akola, Maharashtra, India | |||
| Scintan India Private Limited | ₹14.34 Cr (FY 2025) | 52.0% | Chennai, Tamil Nadu, India | |||
| Actionmilano Brands Limited | ₹14.34 Cr (FY 2022) | 70.0% | Delhi, India | |||
| S. R. S. Spintex Private Limited | ₹14.33 Cr (FY 2025) | -28.0% | Panipat, Haryana, India | |||
| Raiment Overseas Limitedthis company | ₹14.31 Cr (FY 2016) | -₹11.21 Cr | -78.3% | -69.0% | Kolkata, West Bengal, India | |
| Mokshamultiverse Private Limited | ₹14.31 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Rana Denim Private Limited | ₹14.31 Cr (FY 2025) | 545.0% | Yavtamal, Maharashtra, India | |||
| Rampur Hastkala Private Limited. | ₹14.31 Cr (FY 2025) | -16.0% | Rampur, Uttar Pradesh, India | |||
| Nahata Fabrics Limited | ₹14.3 Cr (FY 2025) | -19.0% | Mumbai, Maharashtra, India | |||
| Raj Dyechem Private Limited | ₹14.3 Cr (FY 2016) | 33.0% | Surat, Gujarat, India |
To see the full peer comparison of Raiment Overseas Limited, buy the company report.
Auditor
Raiment Overseas Limited is audited by MAHATO PRABIR & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHATO PRABIR & ASSOCIATES | FY 2016 | 325966E |
Shareholding
The shareholding of Raiment Overseas Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Raiment Overseas Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2010 | 10256037 | State Bank of India | ₹174.11 Cr | Open | |
| 17 Jun 2009 | 10170086 | Others | ₹15.45 Cr | Open |
To see the full charge records of Raiment Overseas Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Raiment Overseas Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by Bmel Infra India Ltd. | Pending |
To see the full case history of Raiment Overseas 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 Raiment Overseas Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Raiment Overseas has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Raiment Overseas Limited, buy the company report.
Recent activity
Raiment Overseas Limited has 9 board changes on record since 2008: 3 appointments and 6 cessations. The latest: Abhijit Chakraborty ceased to be Director on 01 Feb 2015.
4 earlier events are in the company report.
Frequently asked questions
Raiment Overseas is an active public limited company based in Kolkata, West Bengal, India. The company works in textile, within the apparel and fashion industry. It was incorporated on 24 March 2008 (18+ years old) and is registered under CIN U67120WB2008PLC124412.
Raiment Overseas has 3 current directors:
- Badal Dey - Director
- Suman Ganguly - Director
- Amit Ray - Director
The latest financial statements of Raiment Overseas on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Raiment Overseas has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Raiment Overseas is U67120WB2008PLC124412. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raiment Overseas has 1 court case on record: 1 filed against it. 1 is pending.
Raiment Overseas was incorporated on 24 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Raiment Overseas by revenue are Paras Panna Fab Tex Private Limited, Bansal Ginning and Pressing Private Limited, Scintan India Private Limited, Actionmilano Brands Limited, S. R. S. Spintex Private Limited and 5 more, all in the same principal business activity (textile, leather and other apparel products).
Abhijit Chakraborty ceased to be Director on 01 Feb 2015. Badal Dey was appointed as Director on 01 Feb 2015. Badal Dey ceased to be Director on 19 Apr 2013. Raiment Overseas has 9 board changes on record in total.
The registered office of Raiment Overseas is at Flat 4 – B 6 Central Park Jadavpur, Kolkata, West Bengal, India – 700032.
Raiment Overseas operates in the apparel and fashion industry, in the textile segment.
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