Rainbow Weavers and Processors Limited
About Rainbow Weavers and Processors Limited
Data last updated:
Rainbow Weavers and Processors Limited is a public limited company based in Jalgaon, Maharashtra, 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 textile and fabric production segment of the manufacturing sector. It was incorporated on 02 May 1979.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1979PLC021252. Its GSTIN is 27AAACR8424N1ZY (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.28 Cr. It is led by directors including Vijay Kumar Bhartia and Pratap Jain.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Shed No. 6 7 & 8 Addl. Industrial Estate Ajantha Road MIDC, Jalgaon, Maharashtra, India – 425003.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.86 Cr, a growth of 91% compared to the previous year. For the same year it recorded a net profit of ₹1.3 Cr (net margin 69.8%) and EBITDA of ₹1.77 Cr (EBITDA margin 95%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years.
As per MCA filings, the company has satisfied charges of ₹5.23 Cr on record.
Company details
CIN history
Rainbow Weavers and Processors has one previous CIN (Corporate Identification Number): U99999MH1979PTC021252. The current CIN is U99999MH1979PLC021252, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1979PLC021252 | Current |
| U99999MH1979PTC021252 | Previous |
Contact details
Rainbow Weavers and Processors Limited's registered office is in Jalgaon, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressShed No. 6 7 & 8 Addl. Industrial Estate Ajantha Road MIDC, Jalgaon, Maharashtra, India – 425003
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Rainbow Weavers and Processors 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
Financials of Rainbow Weavers and Processors Limited
FY 2018 filings availableRainbow Weavers and Processors Limited reported revenue of ₹1.86 Cr (up 91% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 91% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 33%. EBITDA rose 200% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹1.77 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.3 Cr | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 95% | |||
| Net Profit Margin | 69.8% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Rainbow Weavers and Processors Limited, buy the company report.
Board of directors of Rainbow Weavers and Processors Limited
Rainbow Weavers and Processors has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kumar Bhartia Also directs: Uniconnect Sim Private Limited | Director | 21 Sep 2000 | 26 Years 1 Months | As last reported |
| Pratap Jain Also directs: KPJ Renewable Power Projects LLP, Kas On Site Power Solutions LLP, Cleanmax Harsha Solar LLP and 3 more | Director | 03 Mar 2008 | 18 Years 7 Months | As last reported |
| Harishkumar Hariprasad Chatterjee | Director | 07 May 2011 | 15 Years 5 Months | As last reported |
| Tushar Chiranjilal Gurg Also directs: Indian Woollen Mills' Federation | Director | 25 Sep 2013 | 13 Years 1 Months | As last reported |
| Rajeshkumar Khandelwal Also directs: Indian Woollen Mills' Federation | Director | 01 Aug 2013 | 13 Years 2 Months | As last reported |
| Mithulal Shankar Lal Bapna | Director | 19 Jan 2018 | 8 Years 9 Months | As last reported |
Peer comparison
Rainbow Weavers and Processors Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Textiles), with 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 |
|---|---|---|---|---|---|---|
| Sowdeswari Amman Spinners Limited | ₹1.87 Cr (FY 2025) | -72.0% | Coimbatore, Tamil Nadu, India | |||
| Eskaye Overseas Private Limited | ₹1.87 Cr (FY 2025) | 44.0% | New Delhi, Delhi, India | |||
| Adore Industries Private Limited | ₹1.87 Cr (FY 2024) | 29.0% | Surat, Gujarat, India | |||
| Infine Merchandise Private Limited | ₹1.86 Cr (FY 2024) | -26.0% | Tirupur, Tamil Nadu, India | |||
| Rainbow Weavers and Processors Limitedthis company | ₹1.86 Cr (FY 2018) | ₹1.3 Cr | 69.8% | 91.0% | Jalgaon, Maharashtra, India | |
| Anjani Kumar Fibres Pvt Ltd | ₹1.86 Cr (FY 2024) | 5878.0% | Surat, Gujarat, India | |||
| Longowal Spinning Mills Private Limited | ₹1.86 Cr (FY 2025) | 5.0% | Panipat, Haryana, India | |||
| M.R.A.Enterprises Private Limited | ₹1.86 Cr (FY 2024) | -33.0% | Ludhiana, Punjab, India | |||
| Vedant Fibers Private Limited | ₹1.86 Cr (FY 2025) | 10.0% | Shirpur, Maharashtra, India |
To see the full peer comparison of Rainbow Weavers and Processors Limited, buy the company report.
Auditor
Rainbow Weavers and Processors Limited is audited by V B DALAL & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V B DALAL & CO | FY 2015 | 102055W |
Shareholding
The shareholding of Rainbow Weavers and Processors Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Rainbow Weavers and Processors Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2006 | 80016924 | Axis Bank Limited | ₹5.23 Cr | Satisfied |
To see the full charge records of Rainbow Weavers and Processors Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Rainbow Weavers and Processors Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rainbow Weavers and Processors Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rainbow Weavers and Processors Limited has 1 active EPFO establishment as of Mar 22, 2024.
GST
Rainbow Weavers and Processors has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR8424N1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rainbow Weavers and Processors Limited, buy the company report.
Recent activity
Rainbow Weavers and Processors Limited has 18 board changes on record since 2000: 6 appointments and 12 cessations. The latest: Mithulal Shankar Lal Bapna ceased to be Additional Director on 28 Sep 2018.
12 earlier events are in the company report.
Frequently asked questions
Rainbow Weavers and Processors 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.
Rainbow Weavers and Processors is a company under liquidation, formerly operating as a public limited company based in Jalgaon, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 02 May 1979 and is registered under CIN U99999MH1979PLC021252. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rainbow Weavers and Processors has 6 current directors:
- Vijay Kumar Bhartia - Director
- Pratap Jain - Director
- Harishkumar Hariprasad Chatterjee - Director
- Tushar Chiranjilal Gurg - Director
- Rajeshkumar Khandelwal - Director
- Mithulal Shankar Lal Bapna - Director
The latest financial statements of Rainbow Weavers and Processors on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rainbow Weavers and Processors is U99999MH1979PLC021252. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rainbow Weavers and Processors has no open charges and satisfied charges of ₹5.23 Cr as per latest MCA filings.
Rainbow Weavers and Processors was incorporated on 02 May 1979. It is registered with the Registrar of Companies, Mumbai.
The peers of Rainbow Weavers and Processors by revenue are Sowdeswari Amman Spinners Limited, Eskaye Overseas Private Limited, Adore Industries Private Limited, Infine Merchandise Private Limited, Anjani Kumar Fibres Pvt Ltd and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Mithulal Shankar Lal Bapna ceased to be Additional Director on 28 Sep 2018. Mithulal Shankar Lal Bapna was appointed as Director on 19 Jan 2018. Shantilal Pokharna ceased to be Director on 19 Jan 2018. Rainbow Weavers and Processors has 18 board changes on record in total.
The registered office of Rainbow Weavers and Processors is at Shed No. 6 7 & 8 Addl. Industrial Estate Ajantha Road MIDC, Jalgaon, Maharashtra, India – 425003.
The GSTIN of Rainbow Weavers and Processors is 27AAACR8424N1ZY, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.