About Ratchet Laboratories Limited
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Ratchet Laboratories Limited is a public limited company based in New Delhi, Delhi, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 20 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U24239DL2004PLC124183. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.37 Cr. It is led by directors including Manoj Kumar (Managing Director) and Sanjay Vasudev.
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 8/11 East Patel Nagar, New Delhi, Delhi, India – 110014.
As per the financials filed for FY 2016, the company reported a revenue of ₹82.06 Lakh, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹4.01 Cr (net margin -488.2%) and EBITDA of -₹68.74 Lakh (EBITDA margin -83.8%).
As per MCA filings, the company has open charges of ₹58.22 Cr on record. Court records list 82 cases involving the company, including 8 filed by the company and 74 filed against it; 10 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 ratchetindia.com.
Company details
Contact details
Ratchet Laboratories Limited's registered office is in New Delhi, Delhi. Its website is ratchetindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address8/11 East Patel Nagar, New Delhi, Delhi, India – 110014
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Ratchet Laboratories 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 Ratchet Laboratories is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Ratchet Laboratories Limited, buy the company report.
Financials of Ratchet Laboratories Limited
FY 2016 filings availableRatchet Laboratories Limited reported revenue of ₹82.06 Lakh (down 72% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 72% in the latest year. EBITDA rose 95% 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 | ||
| Other Income | ||
| Total Revenue | ₹82.06 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹68.74 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹4.01 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 | -83.8% | |
| Net Profit Margin | -488.2% | |
| 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 Ratchet Laboratories Limited, buy the company report.
Board of directors of Ratchet Laboratories Limited
Ratchet Laboratories has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Kumar | Managing Director | 20 Jan 2004 | 22 Years 9 Months | Current |
| Sanjay Rana | Additional Director | 18 Mar 2015 | 11 Years 7 Months | Current |
| Sanjay Vasudev Also directs: Ratchet Biotech Private Limited | Director | 25 Nov 2017 | 8 Years 10 Months | Current |
Peer comparison
Ratchet Laboratories Limited is compared with the 3 companies closest to it by revenue in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Creative Remedies Pvt Ltd | ₹82.07 Lakh (FY 2025) | -46.0% | Ahmedabad, Gujarat, India | |||
| Ratchet Laboratories Limitedthis company | ₹82.06 Lakh (FY 2016) | -₹4.01 Cr | -488.2% | -72.0% | New Delhi, Delhi, India | |
| Koplar Healthcare Private Limited | ₹82 Lakh (FY 2025) | 7.0% | Bangalore, Karnataka, India | |||
| Ximing Labs Private Limited | ₹81.75 Lakh (FY 2024) | 32.0% | Palanpur, Gujarat, India |
To see the full peer comparison of Ratchet Laboratories Limited, buy the company report.
Auditor
Ratchet Laboratories Limited is audited by I P ARORA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| I P ARORA & CO | FY 2016 | 014939N |
Shareholding
The shareholding of Ratchet Laboratories Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ratchet Laboratories Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2014 | 10488195 | Canara Bank | ₹5.86 Cr | Open | |
| 28 Mar 2014 | 10488196 | Canara Bank | ₹37 Lakh | Open | |
| 28 Mar 2014 | 10488257 | Canara Bank | ₹1.47 Cr | Open | |
| 28 Mar 2014 | 10488269 | Canara Bank | ₹1.5 Cr | Open | |
| 24 Jul 2013 | 10438732 | Intec Capital Limited | ₹2.33 Cr | Open |
To see the full charge records of Ratchet Laboratories Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Ratchet Laboratories Limited has 82 court cases on record: 8 filed by Ratchet Laboratories, 74 filed against it. 10 cases are pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 78 | 73 | 10 |
| High courts | 2 | 0 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 82)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Intec Capital Ltd. | Pending |
| District court, South East, Delhi | Court case (T.P. CRL) | Filed against the company by Intec Capital Ltd | Disposed |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed against the company by Intec Capital Limited | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against Rajan Iyer Consulting (OPC) Pvt Ltd and 1 other | Disposed |
| District court, Chandigarh | Appeal | Filed by the company against Skypack India Pvt Ltd | Disposed |
To see the full case history of Ratchet Laboratories 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 Ratchet Laboratories Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ratchet Laboratories 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 Ratchet Laboratories Limited, buy the company report.
Recent activity
Ratchet Laboratories Limited has 20 board changes on record since 2004: 3 appointments and 17 cessations. The latest: Sanjay Vasudev was appointed as Director on 25 Nov 2017.
27 earlier events are in the company report.
Frequently asked questions
Ratchet Laboratories is an active public limited company based in New Delhi, Delhi, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 20 January 2004 (22+ years old) and is registered under CIN U24239DL2004PLC124183.
Ratchet Laboratories has 3 current directors:
- Manoj Kumar - Managing Director
- Sanjay Rana - Additional Director
- Sanjay Vasudev - Director
The latest financial statements of Ratchet Laboratories 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. Ratchet Laboratories has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Ratchet Laboratories is U24239DL2004PLC124183. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ratchet Laboratories has 82 court cases on record: 8 filed by the company and 74 filed against it. 10 are pending. Most are in the district courts.
Ratchet Laboratories was incorporated on 20 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Ratchet Laboratories by revenue are Creative Remedies Pvt Ltd, Koplar Healthcare Private Limited, Ximing Labs Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Sanjay Vasudev was appointed as Director on 25 Nov 2017. Jalesh Kumar Grover ceased to be Additional Director on 30 Sep 2016. Rajesh Mehndiratta ceased to be Additional Director on 03 Mar 2016. Ratchet Laboratories has 20 board changes on record in total.
Ratchet Laboratories can be reached through the website ratchetindia.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Ratchet Laboratories is at 811 East Patel Nagar, New Delhi, Delhi, India – 110014.