About Rajit Paints Limited
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Rajit Paints Limited is a public limited company based in Punjab, India. It operates in the paint and coatings segment of the manufacturing sector. It was incorporated on 13 June 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U24221PB1985PLC006310. The company has 15 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹13.4 Cr. It was formerly known as Rajit Paints Products India Private Limited and Rajit Paints Products India Limited. It is led by directors including Rajesh Mehra (Managing Director) and Rajit Mehra (Managing Director).
Its last annual general meeting (AGM) was held on 29 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Gill Roadludhiana, Punjab, India.
As per the financials filed for FY 2014, the company reported a revenue of ₹1.13 Cr, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹23.91 Cr and EBITDA of -₹18.7 Cr. Revenue has declined at a compounded annual rate (CAGR) of 80% over three years.
As per MCA filings, the company has open charges of ₹171.19 Cr and satisfied charges of ₹35 Lakh on record. Court records list 326 cases involving the company, including 19 filed by the company and 307 filed against it; 27 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website rajitpaints.com.
Company details
Name history
Rajit Paints has undergone 2 name changes throughout its history. The company was previously known as Rajit Paints Products India Private Limited, and Rajit Paints Products India Limited. The current legal name is Rajit Paints Limited.
| Company Name | Status |
|---|---|
| Rajit Paints Limited | Current |
| Rajit Paints Products India Private Limited | Previous |
| Rajit Paints Products India Limited | Previous |
CIN history
Rajit Paints has one previous CIN (Corporate Identification Number): L24221PB1985PLC006310. The current CIN is U24221PB1985PLC006310, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24221PB1985PLC006310 | Current |
| L24221PB1985PLC006310 | Previous |
Contact details
Rajit Paints Limited's registered office is in Punjab. Its website is rajitpaints.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGill Roadludhiana, Punjab, India
- IndustryManufacturing, Paint & Coatings
To see the full contact details of Rajit Paints 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 Rajit Paints Limited
FY 2015 filings availableRajit Paints Limited reported revenue of ₹1.13 Cr (down 99% YoY) for FY 2014.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 80% over three years, including a 99% fall 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 2013-14 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹1.13 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹18.7 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹23.91 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 2013-14 |
|---|---|
| Profitability | |
| EBITDA Margin | |
| Net Profit Margin | |
| 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 Rajit Paints Limited, buy the company report.
Board of directors of Rajit Paints Limited
Rajit Paints has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Mehra Also directs: Rajit Milk Private Limited | Managing Director | 06 Jan 2003 | 23 Years 9 Months | Current |
| Rajit Mehra Also directs: Rajit Milk Private Limited | Managing Director | 01 Jan 2001 | 25 Years 9 Months | Current |
| Rahat Mehra Also directs: Rajit Milk Private Limited | Director | 15 Nov 2011 | 14 Years 11 Months | Current |
Shareholding
The shareholding of Rajit Paints Limited is on record for FY 2015, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Rajit Paints Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jun 2012 | 10369116 | Idbi Bank Limited | ₹2 Cr | Open | |
| 30 Apr 2012 | 10360447 | Indiabulls Housing Finance Limited | ₹1.07 Cr | Open | |
| 08 Feb 2012 | 10340277 | Others | ₹2 Cr | Open | |
| 23 Nov 2011 | 10330498 | Others | ₹54.25 Cr | Open | |
| 20 Sep 2011 | 10311615 | Others | ₹2.5 Cr | Open |
To see the full charge records of Rajit Paints Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Rajit Paints Limited has 326 court cases on record: 19 filed by Rajit Paints, 307 filed against it. 27 cases are pending and 299 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 294 | 278 | 25 |
| High courts | 28 | 26 | 2 |
| Supreme Court | 4 | 3 | 0 |
Cases on record (5 of 326)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Writ petition | Filed against the company by Asrec India Limited | Pending |
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by Kotak Mahindra Prime Ltd. | Disposed |
| District court, Ludhiana, Punjab | Criminal miscellaneous application | Filed against the company by M/S BDC Distribution Private Limited | Disposed |
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by M/S Vimal Intertrade Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by M/S. Petrochem Middle East India Pvt Ltd | Disposed |
To see the full case history of Rajit Paints 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 Rajit Paints Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rajit Paints has 15 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 Rajit Paints Limited, buy the company report.
Recent activity
Rajit Paints Limited has 12 board changes on record since 2001: 3 appointments and 9 cessations. The latest: Preeti Mehra ceased to be Whole-Time Director on 22 Nov 2012.
25 earlier events are in the company report.
Frequently asked questions
Rajit Paints is an active public limited company based in Punjab, India. The company works in paint and coatings, within the manufacturing industry. It was incorporated on 13 June 1985 (41+ years old) and is registered under CIN U24221PB1985PLC006310.
Rajit Paints has 3 current directors:
- Rajesh Mehra - Managing Director
- Rajit Mehra - Managing Director
- Rahat Mehra - Director
The latest financial statements of Rajit Paints on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 29 September 2015. Year-wise statements from 2015 are in the company report.
No. Rajit Paints has 15 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Rajit Paints is U24221PB1985PLC006310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rajit Paints has 326 court cases on record: 19 filed by the company and 307 filed against it. 27 are pending. Most are in the district courts.
Rajit Paints was incorporated on 13 June 1985, making it 41+ years old. It is registered with the Registrar of Companies, Chandigarh.
Preeti Mehra ceased to be Whole-Time Director on 22 Nov 2012. Rita Mehra ceased to be Whole-Time Director on 22 Nov 2012. Ajay Nagrath ceased to be Whole-Time Director on 28 Sep 2012. Rajit Paints has 12 board changes on record in total.
Rajit Paints can be reached through the website rajitpaints.com. Its registered office is in Punjab, India.
The registered office of Rajit Paints is at Gill Roadludhiana, Punjab, India.