Redline Automotive Private Limited
About Redline Automotive Private Limited
Data last updated:
Redline Automotive Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Auto Hangar (India) Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 23 July 2004.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U50300MH2004PTC147671. Its GSTIN is 27AABCI2571C1ZX (Maharashtra). The company held 5 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.07 Cr. It was led by directors Madhavi Mohan Mariwala and Mohan Jayasinh Mariwala.
Its last annual general meeting (AGM) was held on 26 October 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 35 Saki Vihar Road Off Chandivali Road, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2021, the company reported a revenue of ₹61.78 Lakh, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹33.74 Lakh (net margin 54.6%) and EBITDA of ₹40.91 Lakh (EBITDA margin 66.2%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years and 49% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹3.35 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Redline Automotive Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address35 Saki Vihar Road Off Chandivali Road, Mumbai, Maharashtra, India – 400072
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Redline Automotive 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 Redline Automotive is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Redline Automotive Private Limited, buy the company report.
Financials of Redline Automotive Private Limited
FY 2021 filings availableRedline Automotive Private Limited reported revenue of ₹61.78 Lakh (down 43% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over five years, including a 43% fall in the latest year. EBITDA fell 25% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹61.78 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹40.91 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33.74 Lakh | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 66.2% | ||||
| Net Profit Margin | 54.6% | ||||
| 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 Redline Automotive Private Limited, buy the company report.
Board of directors of Redline Automotive Private Limited
Redline Automotive has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhavi Mohan Mariwala Also directs: Auto Hangar Advantage Private Limited, Id Gourmet India Private Limited, Auto Hangar Insurance Brokers Private Limited and 1 more | Director | 01 Oct 2009 | 17 Years 1 Months | As last reported |
| Mohan Jayasinh Mariwala Also directs: Auto Hangar Advantage Private Limited, Id Gourmet India Private Limited, Auto Hangar Insurance Brokers Private Limited and 5 more | Director | 01 Oct 2009 | 17 Years 1 Months | As last reported |
Auditor
Redline Automotive Private Limited is audited by C. N. K. & Associates LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. N. K. & Associates LLP | FY 2019 | 101961W/W100036 |
Shareholding
The shareholding of Redline Automotive Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Redline Automotive Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2011 | 10313580 | Kotak Mahindra Bank Limited | ₹3.35 Cr | Satisfied |
To see the full charge records of Redline Automotive Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Redline Automotive Private Limited has 2 court cases on record: 2 filed by Redline Automotive. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Redline Automotive 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Redline Automotive Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Redline Automotive Private Limited has a workforce of 1 employees on its EPFO records as of Jan 2021.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 1 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Redline Automotive Private Limited, buy the company report.
GST
Redline Automotive has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI2571C1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Redline Automotive Private Limited, buy the company report.
Recent activity
Redline Automotive Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Dharmesh Ajitsinh Khimji ceased to be Director on 05 Sep 2011.
Frequently asked questions
Redline Automotive has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Redline Automotive was a private limited company based in Mumbai, Maharashtra, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 23 July 2004 and is registered under CIN U50300MH2004PTC147671. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Redline Automotive was incorporated on 23 July 2004. It is registered with the Registrar of Companies, Mumbai.
Redline Automotive had 2 directors:
- Madhavi Mohan Mariwala - Director
- Mohan Jayasinh Mariwala - Director
The CIN (Corporate Identification Number) of Redline Automotive is U50300MH2004PTC147671. 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 Redline Automotive is at 35 Saki Vihar Road Off Chandivali Road, Mumbai, Maharashtra, India – 400072.
The latest financial statements of Redline Automotive on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 26 October 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Redline Automotive is 27AABCI2571C1ZX, registered in Maharashtra. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
Redline Automotive operated in the business outsourcing industry, in the business and IT consulting segment.
Redline Automotive has 2 court cases on record: 2 filed by the company.
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