About Rei Agro Limited
Data last updated:
Rei Agro Limited is a public limited company based in Kolkata, West Bengal, 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 staple foods and grains segment of the food and beverages sector. It was incorporated on 14 September 1994.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L14200WB1994PLC104573. Its GSTIN is 06AABCR4929H2ZB (Haryana). The company holds 10 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 11 Sep 2018 · winding up and from BSE on 28 Sep 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹135.8 Cr. It is led by directors Sandip Jhunjhunwala (Managing Director) and Krishna Dayal Ghosh.
Its last annual general meeting (AGM) was held on 29 September 2015, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Everest House46C Chowringhee Road, Kolkata, West Bengal, India – 700071.
As per the financials filed for FY 2016, the company reported a revenue of ₹522.65 Cr, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹1,076.14 Cr (net margin -205.9%) and EBITDA of -₹846.37 Cr (EBITDA margin -161.9%).
The company is associated with 1 brand: REI Agro. As per MCA filings, the company has open charges of ₹12,542 Cr and satisfied charges of ₹7,149.28 Cr on record. Court records list 97 cases involving the company, including 28 filed by the company and 69 filed against it; 23 cases are pending.
The last known website on record is reiagro.com.
Company details
CIN history
Rei Agro has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L14200WB1994PLC104573, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L14200WB1994PLC104573 | Current |
| U14200WB1994PLC104573 | Previous |
| L99999WB1994PLC104573 | Previous |
Contact details
Rei Agro Limited's registered office is in Kolkata, West Bengal. Its website is reiagro.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressEverest House46C Chowringhee Road, Kolkata, West Bengal, India – 700071
- IndustryFood and Beverages, Staple Foods & Grains
To see the full contact details of Rei Agro 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
Brands
Rei Agro operates one associated brand: REI Agro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Basmati rice is manufactured and distributed by REI Agro. | reiagro.com |
Financials of Rei Agro Limited
FY 2016 filings availableRei Agro Limited reported revenue of ₹522.65 Cr (down 72% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 72% in the latest year. EBITDA rose 83% 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 | ₹522.65 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹846.37 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1,076.14 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 | -161.9% | |
| Net Profit Margin | -205.9% | |
| 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 Rei Agro Limited, buy the company report.
Board of directors and KMP of Rei Agro Limited
Rei Agro Limited currently reports 2 directors and 1 key managerial person. 4 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Dayal Ghosh | Director | 30 Jan 2002 | 24 Years 9 Months | As last reported |
| Sandip Jhunjhunwala | Managing Director | 14 Sep 1994 | 32 Years 1 Months | As last reported |
| Mandan Mishra | Company Secretary | 25 Jun 2007 | 19 Years 4 Months | As last reported |
Auditor
Rei Agro Limited is audited by P K LILHA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P K LILHA & CO | FY 2016 | 307008E |
Shareholding
The shareholding of Rei Agro Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Rei Agro Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jul 2014 | 10517401 | The Jammu and Kashmir Bank Limited | ₹150 Cr | Open | |
| 04 Jul 2014 | 10517402 | The Jammu and Kashmir Bank Limited | ₹115 Cr | Open | |
| 16 May 2014 | 10510011 | Reliance Asset Reconstruction Company Limited | ₹5.32 Cr | Open | |
| 31 Mar 2014 | 10505348 | Central Bank of India | ₹27.9 Cr | Open | |
| 29 Mar 2014 | 10507531 | Union Bank of India | ₹10.5 Cr | Open |
To see the full charge records of Rei Agro Limited, buy the company report.
Total charge records: 79 View all charges
Legal cases
Rei Agro Limited has 97 court cases on record: 28 filed by Rei Agro, 69 filed against it. 23 cases are pending and 74 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 78 | 65 | 20 |
| High courts | 16 | 3 | 1 |
| Supreme Court | 3 | 1 | 2 |
Cases on record (5 of 97)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against Varrsana Ispat Ltd. Everest House, 46C Chowringhee Road, Kolkata-700071 (West Bengal) ,Kolkata , West Bengal and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by The Jammu and Kashmir Bank Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by The Jammu and Kashmir Bank Ltd. | Pending |
| District court, Dhule, Maharashtra | Commercial suit | Filed against the company by The Maharashtra State Electricity Distribution Co. Ltd. | Disposed |
| District court, New Delhi, Delhi | Arbitration matter | Filed against the company by HDFC Bank Ltd. | Disposed |
To see the full case history of Rei Agro 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 Rei Agro Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rei Agro Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Rei Agro has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCR4929H2ZB | Haryana | Active | 24 Jan 2019 |
To see the full GST registrations and return filing status of Rei Agro Limited, buy the company report.
Recent activity
Rei Agro Limited has 11 board changes on record since 1994: 7 appointments and 4 cessations. The latest: Narpinder Kumar Gupta ceased to be Director on 23 Nov 2015.
159 earlier events are in the company report.
News
Frequently asked questions
Rei Agro 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.
Rei Agro is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in staple foods and grains, within the food and beverages industry. It was incorporated on 14 September 1994 and is registered under CIN L14200WB1994PLC104573. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rei Agro has 3 current directors and KMP:
- Sandip Jhunjhunwala - Managing Director
- Krishna Dayal Ghosh - Director
- Mandan Mishra - Company Secretary
The latest financial statements of Rei Agro on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rei Agro is L14200WB1994PLC104573. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rei Agro is recorded as a listed company by MCA, but its shares were delisted from NSE on 11 Sep 2018 · winding up and from BSE on 28 Sep 2018 · compulsory delisting, and no longer trade on a stock exchange.
Rei Agro has open charges of ₹12,542 Cr and satisfied charges of ₹7,149.28 Cr as per latest MCA filings.
Rei Agro has 97 court cases on record: 28 filed by the company and 69 filed against it. 23 are pending. Most are in the district courts.
Rei Agro was incorporated on 14 September 1994. It is registered with the Registrar of Companies, Kolkata.
Narpinder Kumar Gupta ceased to be Director on 23 Nov 2015. Asoke Kumar Chatterjee ceased to be Director on 04 Aug 2015. Anishrava Agrawal ceased to be Additional Director on 25 Apr 2015. Rei Agro has 11 board changes on record in total.
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