About Ratnagiri Chemicals Private Limited
Data last updated:
Ratnagiri Chemicals Private Limited was a private limited company based in Navi Mumbai, Maharashtra, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 11 February 1991.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1991PTC060227. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It was led by directors Devendra Kumar Sharma and Ratna Kumari Prabhala.
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 was at 611& 612 Raheja Arcade Sector – 11 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
As per the financials filed for FY 2016, the company reported a revenue of ₹3.08 Cr, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹6.25 Cr (net margin -202.6%) and EBITDA of -₹5.98 Cr (EBITDA margin -193.9%).
As per MCA filings, the company had open charges of ₹16.73 Cr and satisfied charges of ₹8.28 Cr on record. Court records list 33 cases involving the company, including 33 filed against it; 4 cases are pending.
The last known website on record is ratnagiri-chemicals.com.
Company details
Contact details
Ratnagiri Chemicals Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is ratnagiri-chemicals.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address611& 612 Raheja Arcade Sector – 11 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Ratnagiri Chemicals Private 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 Ratnagiri Chemicals is manufacturing. In detail, this covers coke and refined petroleum products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products |
To see the full business activity and turnover split of Ratnagiri Chemicals Private Limited, buy the company report.
Financials of Ratnagiri Chemicals Private Limited
FY 2016 filings availableRatnagiri Chemicals Private Limited reported revenue of ₹3.08 Cr (down 81% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 81% in the latest year. EBITDA fell 106% 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 | ₹3.08 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹5.98 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹6.25 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 | -193.9% | |
| Net Profit Margin | -202.6% | |
| 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 Ratnagiri Chemicals Private Limited, buy the company report.
Board of directors of Ratnagiri Chemicals Private Limited
Ratnagiri Chemicals has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendra Kumar Sharma | Director | 03 Jan 2020 | 6 Years 10 Months | As last reported |
| Ratna Kumari Prabhala Also directs: Athleo Wellness (OPC) Private Limited | Director | 16 Oct 1998 | 28 Years 0 Months | As last reported |
Auditor
Ratnagiri Chemicals Private Limited is audited by A V G & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A V G & ASSOCIATES | FY 2016 | 015702C |
Shareholding
The shareholding of Ratnagiri Chemicals Private 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 Ratnagiri Chemicals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2009 | 10193017 | Tata Capital Limited | ₹1.25 Cr | Open | |
| 07 Jul 2005 | 90151296 | Others | ₹15.48 Cr | Open | |
| 05 Nov 2003 | 90151138 | State Bank of India | ₹1.35 Cr | Satisfied | |
| 15 Dec 2001 | 90150945 | State Bank of India | ₹6.63 Cr | Satisfied | |
| 12 Sep 2001 | 90149818 | The Maharashtra State Financial Corp | ₹30 Lakh | Satisfied |
To see the full charge records of Ratnagiri Chemicals Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Ratnagiri Chemicals Private Limited has 33 court cases on record: 33 filed against it. 4 cases are pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 30 | 4 |
| High courts | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss case SS) | Filed against the company by Ganesh Polychem Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Sonkamal Enterprises Private Limited | Disposed |
| District court, Vadodara, Gujarat | Court case (SMST S) | Filed against the company by Milestone Preservatives Pvt. Ltd. | Disposed |
| District court, East Godavari, Andhra Pradesh | Criminal complaint | Filed against the company by K.P.R. Agrochem Limited | Disposed |
To see the full case history of Ratnagiri Chemicals Private 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.
Credit ratings & regulatory alerts
Ratnagiri Chemicals Private Limited was last rated by Crisil on 11 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Dec 2020 |
To see the full credit ratings and regulatory alerts of Ratnagiri Chemicals Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ratnagiri Chemicals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ratnagiri Chemicals 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 Ratnagiri Chemicals Private Limited, buy the company report.
Recent activity
Ratnagiri Chemicals Private Limited has 6 board changes on record since 1998: 2 appointments and 4 cessations. The latest: Devendra Kumar Sharma ceased to be Director on 09 Mar 2020.
7 earlier events are in the company report.
Frequently asked questions
Ratnagiri Chemicals has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Ratnagiri Chemicals was a private limited company based in Navi Mumbai, Maharashtra, India. The company worked in specialty chemicals, within the chemicals and materials industry. It was incorporated on 11 February 1991 and is registered under CIN U24110MH1991PTC060227. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Ratnagiri Chemicals was incorporated on 11 February 1991. It is registered with the Registrar of Companies, Mumbai.
Ratnagiri Chemicals had 2 directors:
- Devendra Kumar Sharma - Director
- Ratna Kumari Prabhala - Director
The CIN (Corporate Identification Number) of Ratnagiri Chemicals is U24110MH1991PTC060227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ratnagiri Chemicals is at 611& 612 Raheja Arcade Sector – 11 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
Ratnagiri Chemicals can be reached through the website ratnagiri-chemicals.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The latest financial statements of Ratnagiri Chemicals 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. Ratnagiri Chemicals has 1 GST registration on record and it is cancelled or inactive.
Ratnagiri Chemicals operated in the chemicals and materials industry, in the specialty chemicals segment.
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