Rico Castings Ltd
About Rico Castings Ltd
Data last updated:
Rico Castings Ltd was a public limited company based in Ludhiana, Punjab, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 19 January 1989.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27310PB1989PLC008991. Its GSTIN is 06AADCR4805Q1Z0 (Haryana). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.31 Cr. It was formerly known as Rico Malleables Limited. It was led by directors including Shivani Kapur and Gurparkash Singh Miglani.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at B 26 Focal Point, Ludhiana, Punjab, India – 141007.
As per the financials filed for FY 2022, the company reported a revenue of ₹15.28 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net loss of ₹1.26 Cr (net margin -8.3%) and EBITDA of ₹4.56 Cr (EBITDA margin 29.8%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 4% over five years.
The company had about 18 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹2 Cr and satisfied charges of ₹57.67 Cr on record. Court records list 9 cases involving the company, including 4 filed by the company and 5 filed against it; 1 case is pending.
Company details
Contact details
Rico Castings Ltd's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB 26 Focal Point, Ludhiana, Punjab, India – 141007
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Rico Castings Ltd, 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 activities of Rico Castings are manufacturing and professional, scientific and technical. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C11 | Motor vehicles, trailers, semi trailers and other Transport Vehicles | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Rico Castings Ltd, buy the company report.
Financials of Rico Castings Ltd
FY 2022 filings availableRico Castings Ltd reported revenue of ₹15.28 Cr (down 31% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 10% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹15.28 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.26 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.8% | ||||
| Net Profit Margin | -8.3% | ||||
| 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 Rico Castings Ltd, buy the company report.
Board of directors of Rico Castings Ltd
Rico Castings has 6 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivani Kapur | Director | 27 Dec 2010 | 15 Years 10 Months | As last reported |
| Gurparkash Singh Miglani | Director | 01 Dec 2020 | 5 Years 10 Months | As last reported |
| Samarth Kapur Also directs: Rico Jinfei Wheels Limited, Mirah Belle Naturals & Apothecary Private Limited, Mirah Belle Naturals Private Limited and 1 more | Director | 01 Sep 2015 | 11 Years 1 Months | As last reported |
| Arun Gupta Also directs: Rekha Gupta & Associates LLP, Arun Gupta Associates LLP, Technico Innovative Products Private Limited and 3 more | Director | 01 Dec 2020 | 5 Years 10 Months | As last reported |
| Arun Kapur | Director | 10 Jun 2009 | 17 Years 4 Months | As last reported |
| Ritu Kapur | Director | 01 Apr 1990 | 36 Years 6 Months | As last reported |
Auditor
Rico Castings Ltd is audited by Budhraja Adlakha & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Budhraja Adlakha & Co | FY 2022 | 005154N |
Shareholding
The shareholding of Rico Castings Ltd is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rico Castings Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2020 | 100377578 | Indusind Bank Ltd. | ₹2 Cr | Open | |
| 23 May 2011 | 10295434 | Indiabulls Housing Finance Limited | ₹1 Cr | Satisfied | |
| 29 Jun 2010 | 10226318 | Indusind Bank Limited | ₹20 Cr | Satisfied | |
| 29 Jun 2010 | 10226319 | Indusind Bank Ltd. | ₹3.35 Cr | Satisfied | |
| 26 Feb 2010 | 10208045 | Indiabulls Financial Services Limited | ₹3 Cr | Satisfied |
To see the full charge records of Rico Castings Ltd, buy the company report.
Total charge records: 19 View all charges
Legal cases
Rico Castings Ltd has 9 court cases on record: 4 filed by Rico Castings, 5 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 3 | 1 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Haryana State Industrial and Infrastructure Development Corporation Limited and 1 other | Pending |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Ms Makkar Steels Pvt. Ltd | Disposed |
| NCLT, Chandigarh | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Chandigarh | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Indiabulls Housing Finance Ltd | Disposed |
To see the full case history of Rico Castings Ltd, 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
Rico Castings Ltd has 3 MSME Form 1 returns on record between 2019 and 2020, listing 165 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Pacific Technoproducts India Private Limited | |||
| A. B. C. Engineering Services | |||
| an individual supplier | |||
| Bharat Craft Packaging Private Limited |
To see the full MSME payment records of Rico Castings Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Rico Castings Ltd has a workforce of 18 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Rico Castings has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCR4805Q1Z0 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rico Castings Ltd, buy the company report.
Recent activity
Rico Castings Ltd has 21 board changes on record since 1990: 6 appointments and 15 cessations. The latest: Arun Gupta ceased to be Additional Director on 31 Dec 2020.
59 earlier events are in the company report.
Frequently asked questions
Rico Castings 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.
Rico Castings was a public limited company based in Ludhiana, Punjab, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 19 January 1989 and is registered under CIN U27310PB1989PLC008991. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Rico Castings was incorporated on 19 January 1989. It is registered with the Registrar of Companies, Chandigarh.
Rico Castings had 6 directors:
- Shivani Kapur - Director
- Gurparkash Singh Miglani - Director
- Samarth Kapur - Director
- Arun Gupta - Director
- Arun Kapur - Director
- Ritu Kapur - Director
The CIN (Corporate Identification Number) of Rico Castings is U27310PB1989PLC008991. 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 Rico Castings is at B 26 Focal Point, Ludhiana, Punjab, India – 141007.
The latest financial statements of Rico Castings on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Rico Castings is 06AADCR4805Q1Z0, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Rico Castings operated in the automotive industry, in the auto parts and components segment.
Rico Castings has 3 MSME Form 1 returns on record between 2019 and 2020, listing 165 overdue payments to 18 micro and small suppliers. The latest return was filed on 29 Jul 2020.
Rico Castings has 9 court cases on record: 4 filed by the company and 5 filed against it. 1 is pending. Most are in the district courts.