Rathi Syntex Limited
About Rathi Syntex Limited
Data last updated:
Rathi Syntex Limited is a public limited company based in Jhalawar, Rajasthan, 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 13 April 1994.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U24304RJ1994PLC008225. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.21 Cr. It is led by directors including Raj Kumar Rathi and Man Mohan Rathi.
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 Rathi House Bhawani Mandi, Jhalawar, Rajasthan, India.
As per the financials filed for FY 2016, the company reported a revenue of ₹48.4 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹1.1 Cr (net margin -227.8%) and EBITDA of -₹94.34 Lakh (EBITDA margin -194.9%).
As per MCA filings, the company has open charges of ₹6.6 Cr and satisfied charges of ₹1.2 Cr on record. Court records list 92 cases involving the company, including 10 filed by the company and 83 filed against it; 11 cases are pending.
Company details
Contact details
Rathi Syntex Limited's registered office is in Jhalawar, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRathi House Bhawani Mandi, Jhalawar, Rajasthan, India
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Rathi Syntex 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 Rathi Syntex 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 |
To see the full business activity and turnover split of Rathi Syntex Limited, buy the company report.
Financials of Rathi Syntex Limited
FY 2016 filings availableRathi Syntex Limited reported revenue of ₹48.4 Lakh (down 93% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 93% in the latest year. EBITDA rose 87% 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 | ₹48.4 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹94.34 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.1 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 | -194.9% | |
| Net Profit Margin | -227.8% | |
| 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 Rathi Syntex Limited, buy the company report.
Board of directors of Rathi Syntex Limited
Rathi Syntex has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Kumar Rathi | Director | 13 Apr 1994 | 32 Years 6 Months | As last reported |
| Man Mohan Rathi Also directs: Ridhi Sidhi Laminations Private Limited | Director | 13 Apr 1994 | 32 Years 6 Months | As last reported |
| Krishan Kumar Rathi Also directs: Cassia Chatties Private Limited, Growth Techno Projects Limited | Director | 13 Apr 1994 | 32 Years 6 Months | As last reported |
Auditor
Rathi Syntex Limited is audited by ABHAY GUN SHEKHAR for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHAY GUN SHEKHAR | FY 2016 | 427526 |
Shareholding
The shareholding of Rathi Syntex 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 Rathi Syntex Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2014 | 10491306 | Bank of Baroda | ₹15 Lakh | Open | |
| 17 Sep 2010 | 10245742 | Bank of Baroda | ₹45 Lakh | Open | |
| 12 Aug 2009 | 10178149 | Bank of Baroda | ₹4.2 Cr | Open | |
| 13 Apr 2007 | 10050306 | Bank of Baroda | ₹1.8 Cr | Open | |
| 20 Apr 2006 | 10002019 | State Bank of Bikaner and Jaipur | ₹15 Lakh | Satisfied |
To see the full charge records of Rathi Syntex Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Rathi Syntex Limited has 92 court cases on record: 10 filed by Rathi Syntex, 83 filed against it. 11 cases are pending and 81 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 77 | 71 | 7 |
| High courts | 15 | 12 | 4 |
Cases on record (5 of 92)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, UTTARPRADESH | Court case (A482) | Filed against the company by M/S. Rathi Syntex Ltd. and 1 other | Pending |
| High Court, UTTARPRADESH | Court case (A482) | Filed by the company against M/S. Rathi Syntex Ltd. and 1 other | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed against the company by Laxmi Technical Textile Pvt. Ltd | Pending |
| High Court of Rajasthan | Court case (COAP) | Filed against the company by Khurana Textile Mills Pvt Ltd | Disposed |
To see the full case history of Rathi Syntex 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 Rathi Syntex Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rathi Syntex 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 Rathi Syntex Limited, buy the company report.
Recent activity
Rathi Syntex Limited has 3 board changes on record since 1994: 3 appointments. The latest: Krishan Kumar Rathi was appointed as Director on 13 Apr 1994.
10 earlier events are in the company report.
Frequently asked questions
Rathi Syntex 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.
Rathi Syntex is a company under liquidation, formerly operating as a public limited company based in Jhalawar, Rajasthan, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 13 April 1994 and is registered under CIN U24304RJ1994PLC008225. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rathi Syntex has 3 current directors:
- Raj Kumar Rathi - Director
- Man Mohan Rathi - Director
- Krishan Kumar Rathi - Director
The latest financial statements of Rathi Syntex 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.
The CIN (Corporate Identification Number) of Rathi Syntex is U24304RJ1994PLC008225. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rathi Syntex has open charges of ₹6.6 Cr and satisfied charges of ₹1.2 Cr as per latest MCA filings.
Rathi Syntex has 92 court cases on record: 10 filed by the company and 83 filed against it. 11 are pending. Most are in the district courts.
Rathi Syntex was incorporated on 13 April 1994. It is registered with the Registrar of Companies, Jaipur.
Krishan Kumar Rathi was appointed as Director on 13 Apr 1994. Man Mohan Rathi was appointed as Director on 13 Apr 1994. Raj Kumar Rathi was appointed as Director on 13 Apr 1994.
The registered office of Rathi Syntex is at Rathi House Bhawani Mandi, Jhalawar, Rajasthan, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
