Rifa Chits Private Limited
About Rifa Chits Private Limited
Data last updated:
Rifa Chits Private Limited is a private limited company based in Dombivali East, Maharashtra, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 29 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2009PTC194429.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chandran Naduvalath and Augustin Kunjuvaried Makarapilly.
Its last annual general meeting (AGM) was held on 07 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Shop No 31 Building No 12 Riverwood Park Kalyan Shil Road Khidkali, Dombivali East, Maharashtra, India – 421204.
As per the financials filed for FY 2019, the company reported a revenue of ₹13,676, a growth of 102% compared to the previous year. For the same year it recorded a net profit of ₹10,317 (net margin 75.4%) and EBITDA of ₹11,261 (EBITDA margin 82.3%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressShop No 31 Building No 12 Riverwood Park Kalyan Shil Road Khidkali, Dombivali East, Maharashtra, India – 421204
- IndustryFinancial Services, Financial Activities
- 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
- One PDF report, delivered after checkout
Business Activity of Rifa Chits Private Limited
The main business activity of Rifa Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Rifa Chits Private Limited FY 2019 filings available
Rifa Chits Private Limited reported revenue of ₹13,676 (up 102% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Rifa Chits Private Limited
Revenue rose 102% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 55%. EBITDA rose 66% 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 of Rifa Chits Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹11,261 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10,317 | •••• | •••• | •••• | •••• |
| 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 of Rifa Chits Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 82.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 75.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Rifa Chits are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Rifa Chits Private Limited
Rifa Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saraswati Vintrade Private Limited | ₹13,730 (FY 2018) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Rotax Services Pvt Ltd | ₹13,712 (FY 2019) | •••• | •••• | -98.0% | •••• | Vadodara, Gujarat, India |
| Thalikulam Grameenaswayamsahayaka Sangam Kuries Private Limited | ₹13,694 (FY 2019) | •••• | •••• | 996.0% | •••• | Thrissur, Kerala, India |
| Vrinda Corporate Services Limited | ₹13,688 (FY 2024) | •••• | •••• | -83.0% | •••• | Mohali, Punjab, India |
| Jeebondip Nidhi Limited | ₹13,677 (FY 2022) | •••• | •••• | •••• | Burdwan, West Bengal, India | |
| Rifa Chits Private Limited this company | ₹13,676 (FY 2019) | •••• | •••• | 102.0% | •••• | Dombivali East, Maharashtra, India |
| Navaneetham Chitties (Paravur) Private Limited | ₹13,637 (FY 2019) | •••• | •••• | 168.0% | •••• | Ernakulam, Kerala, India |
| Souhrudha Thanal Nidhi Limited | ₹13,633 (FY 2025) | •••• | •••• | -97.0% | •••• | Maparanam, Kerala, India |
| Growfast Merchants Pvt Ltd | ₹13,575 (FY 2019) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Naya Bharat Land Developers Limited | ₹13,566 (FY 2019) | •••• | •••• | -99.0% | •••• | New Delhi, Delhi, India |
| Singhal Vyaapar Pvt Ltd | ₹13,510 (FY 2023) | •••• | •••• | -72.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Rifa Chits by revenue in the same principal business activity (Other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Rifa Chits Private Limited
Rifa Chits Private Limited is audited by V C SHAH & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V C SHAH & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Rifa Chits Private Limited
Rifa Chits has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandran Naduvalath | Director | 29 Jul 2009 | 17 Years 2 Months | Current |
| Augustin Kunjuvaried Makarapilly | Director | 29 Jul 2009 | 17 Years 2 Months | Current |
Ownership and Shareholding of Rifa Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rifa Chits Private Limited
Rifa Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Rifa Chits Private Limited
Employment history and EPFO contributions of people linked to Rifa Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Rifa Chits Private Limited
Rifa Chits Private Limited has 12 board changes on record since 2009: 2 appointments and 10 cessations. The latest: Lini Koshy ceased to be Director on 15 Mar 2019.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Rifa Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Rifa Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rifa Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Rifa Chits Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rifa Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Rifa Chits Private Limited
Rifa Chits is an active private limited company based in Dombivali East, Maharashtra, India. The company works in financial activities, within the financial services industry. It was incorporated on 29 July 2009 (17+ years old) and is registered under CIN U67190MH2009PTC194429.
Rifa Chits reported revenue of ₹13,676 for FY 2019 (up 102% YoY).
Rifa Chits has 2 current directors:
- Chandran Naduvalath - Director
- Augustin Kunjuvaried Makarapilly - Director
Rifa Chits reported a net profit of ₹10,317 (net margin 75.4%) and EBITDA of ₹11,261 (EBITDA margin 82.3%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rifa Chits is -55% over three years. In the latest year (FY 2019) revenue rose 102%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Rifa Chits is U67190MH2009PTC194429. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rifa Chits was incorporated on 29 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Rifa Chits by revenue are Saraswati Vintrade Private Limited, Rotax Services Pvt Ltd, Thalikulam Grameenaswayamsahayaka Sangam Kuries Private Limited, Vrinda Corporate Services Limited, Jeebondip Nidhi Limited and 5 more, all in the same principal business activity (Other financial activities).
Lini Koshy ceased to be Director on 15 Mar 2019. Muralidhar Kurup ceased to be Director on 15 Mar 2019. Chundamannil Varghese Mathew ceased to be Director on 24 Aug 2014. Rifa Chits has 12 board changes on record in total.
The registered office of Rifa Chits is at Shop No 31 Building No 12 Riverwood Park Kalyan Shil Road Khidkali, Dombivali East, Maharashtra, India – 421204.
Rifa Chits has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.