About Rich Fruits Private Limited
Data last updated:
Rich Fruits Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the horticulture and produce segment of the agriculture sector. It was incorporated on 17 April 2001.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51221KA2001PTC028911. Its GSTIN is 29AABCR7620R1ZP (Karnataka). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹65 Lakh. It is led by directors including Abdul Asif (Managing Director) and Abdul Sattar.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Unit: F 1 & F 2 No.41 Mosque Complex Mm Road Fraser Town, Bangalore, Karnataka, India – 560005.
As per the financials filed for FY 2018, the company reported a revenue of ₹18.25 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹14.25 Lakh (net margin 0.8%) and EBITDA of ₹82.72 Lakh (EBITDA margin 4.5%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years.
As per MCA filings, the company has open charges of ₹9 Cr on record. Court records list 25 cases involving the company, including 5 filed by the company and 20 filed against it; 2 cases are pending.
The last known website on record is richfruits.in.
Company details
Contact details
Rich Fruits Private Limited's registered office is in Bangalore, Karnataka. Its website is richfruits.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit: F 1 & F 2 No.41 Mosque Complex Mm Road Fraser Town, Bangalore, Karnataka, India – 560005
- IndustryAgriculture, Horticulture & Produce
To see the full contact details of Rich Fruits 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 Rich Fruits is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Rich Fruits Private Limited, buy the company report.
Financials of Rich Fruits Private Limited
FY 2018 filings availableRich Fruits Private Limited reported revenue of ₹18.25 Cr (down 25% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over three years, including a 25% fall in the latest year. EBITDA fell 23% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹18.25 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹82.72 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹14.25 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.5% | |||
| Net Profit Margin | 0.8% | |||
| 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 Rich Fruits Private Limited, buy the company report.
Board of directors of Rich Fruits Private Limited
Rich Fruits has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abdul Sattar | Director | 19 May 2017 | 9 Years 5 Months | As last reported |
| Hari Babu Thota | Irp/Rp/Liquidator | 14 May 2024 | 2 Years 6 Months | As last reported |
| Amirjan Nasimunisa | Director | 10 Dec 2013 | 12 Years 11 Months | As last reported |
| Abdul Asif Also directs: SMGK Agro Impex Private Limited | Managing Director | 06 Mar 2014 | 12 Years 8 Months | As last reported |
Peer comparison
Rich Fruits Private Limited is compared with the 3 companies closest to it by revenue in the Agriculture industry (Fruits and Vegetables), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shanti Sheet Grah Private Limited | ₹18.26 Cr (FY 2024) | -9.0% | Orai, Uttar Pradesh, India | |||
| Rich Fruits Private Limitedthis company | ₹18.25 Cr (FY 2018) | ₹14.25 Lakh | 0.8% | -25.0% | Bangalore, Karnataka, India | |
| Rushika Food Products Private Limited | ₹17.7 Cr (FY 2025) | 25.0% | Ahmedabad, Gujarat, India | |||
| Surmount Agro Foods Private Limited | ₹17.03 Cr (FY 2025) | 74.0% | Kotdwar, Uttarakhand, India |
To see the full peer comparison of Rich Fruits Private Limited, buy the company report.
Shareholding
The shareholding of Rich Fruits Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Rich Fruits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Apr 2016 | 100024235 | Bank of India | ₹75 Lakh | Open | |
| 13 Jun 2011 | 10318754 | Others | ₹6.75 Cr | Open | |
| 24 Mar 2005 | 80063615 | Bank of India | ₹1.5 Cr | Open |
To see the full charge records of Rich Fruits Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Rich Fruits Private Limited has 25 court cases on record: 5 filed by Rich Fruits, 20 filed against it. 2 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 19 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Hindustan Tin Works Ltd | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M/S Shriramcity Union Finance Ltd | Disposed |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed against the company by Shri Ram City Union Finance Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Edelweiss Retail Finance Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Shetron Limited | Disposed |
To see the full case history of Rich Fruits 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 Rich Fruits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rich Fruits has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCR7620R1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rich Fruits Private Limited, buy the company report.
Recent activity
Rich Fruits Private Limited has 8 board changes on record since 2013: 4 appointments and 4 cessations. The latest: Hari Babu Thota was appointed as Irp/Rp/Liquidator on 14 May 2024.
3 earlier events are in the company report.
Frequently asked questions
Rich Fruits is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Rich Fruits is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in horticulture and produce, within the agriculture industry. It was incorporated on 17 April 2001 and is registered under CIN U51221KA2001PTC028911. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rich Fruits has 4 current directors:
- Abdul Asif - Managing Director
- Abdul Sattar - Director
- Amirjan Nasimunisa - Director
- Hari Babu Thota - Irp/Rp/Liquidator
The latest financial statements of Rich Fruits on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rich Fruits is U51221KA2001PTC028911. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rich Fruits has open charges of ₹9 Cr and no satisfied charges on record as per latest MCA filings.
Rich Fruits has 25 court cases on record: 5 filed by the company and 20 filed against it. 2 are pending. Most are in the district courts.
Rich Fruits was incorporated on 17 April 2001. It is registered with the Registrar of Companies, Bangalore.
The peers of Rich Fruits by revenue are Shanti Sheet Grah Private Limited, Rushika Food Products Private Limited, Surmount Agro Foods Private Limited, all in the Agriculture industry (Fruits and Vegetables), with the same principal business activity (food, beverages and tobacco products).
Hari Babu Thota was appointed as Irp/Rp/Liquidator on 14 May 2024. Budan Sab Basha ceased to be Director on 24 May 2018. Abdul Sattar was appointed as Director on 19 May 2017. Rich Fruits has 8 board changes on record in total.
Rich Fruits can be reached through the website richfruits.in. Its registered office is in Bangalore, Karnataka, 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.
