About Rissala Decor Private Limited
Data last updated:
Rissala Decor Private Limited is a private limited company based in Gurgaon, Haryana, 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 wood products and mdf segment of the manufacturing sector. It was incorporated on 12 May 2010.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U15400HR2010PTC040521. Its GSTIN is 08AAECR7761C1ZB (Rajasthan). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.64 Cr. It was formerly known as Rissala Products Private Limited. It is led by directors including Shri Mohan Soni and Sandeep Chandna (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 537/1 Khera Devat Road India, Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.85 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹31,513 (net margin 0%) and EBITDA of ₹1.21 Cr (EBITDA margin 10.2%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 6% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rissala. As per MCA filings, the company has open charges of ₹11.32 Cr on record. Court records list 11 cases involving the company, including 11 filed against it; 2 cases are pending.
The last known website on record is rissala.co.in.
Company details
Contact details
Rissala Decor Private Limited's registered office is in Gurgaon, Haryana. Its website is rissala.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address537/1 Khera Devat Road India, Gurgaon, Haryana, India – 122001
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Rissala Decor 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
Brands
Rissala Decor operates one associated brand: Rissala. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures premium interior laminates for homes, offices, and design applications. | rissala.co.in |
Business activity
The main business activity of Rissala Decor is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Rissala Decor Private Limited, buy the company report.
Financials of Rissala Decor Private Limited
FY 2023 filings availableRissala Decor Private Limited reported revenue of ₹11.85 Cr (down 33% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 33% fall in the latest year. EBITDA rose 235% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹11.85 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31,513 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.2% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Rissala Decor Private Limited, buy the company report.
Board of directors of Rissala Decor Private Limited
Rissala Decor has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shri Mohan Soni Also directs: Utico Energy Private Limited, Rissala Technologies Private Limited | Director | 03 Apr 2021 | 5 Years 6 Months | As last reported |
| Sandeep Chandna Also directs: Osrik Resolution Private Limited | Irp/Rp/Liquidator | 12 Nov 2024 | 1 Years 11 Months | As last reported |
| Vijay Jeet Kataria | Director | 01 Mar 2013 | 13 Years 7 Months | As last reported |
Peer comparison
Rissala Decor Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Perfect Ply Industries Private Limited | ₹11.92 Cr (FY 2024) | -15.0% | Kheda, Gujarat, India | |||
| Ad 4 U Communications Private Limited | ₹11.91 Cr (FY 2024) | 19.0% | New Delhi, Delhi, India | |||
| Supertech Laminates Private Limited | ₹11.88 Cr (FY 2024) | -26.0% | New Delhi, Delhi, India | |||
| Rissala Decor Private Limitedthis company | ₹11.85 Cr (FY 2023) | ₹31,513 | 0% | -33.0% | 7 | Gurgaon, Haryana, India |
| Bhavyam Laminates Private Limited | ₹11.85 Cr (FY 2025) | -24.0% | Yamuna Nagar, Haryana, India | |||
| Shubh Ply and Veneers Private Limited | ₹11.82 Cr (FY 2020) | -38.0% | Gandhidham, Gujarat, India | |||
| Prasad Plywood Industries Private Limited | ₹11.74 Cr (FY 2025) | -25.0% | Uttar Pradesh, India |
To see the full peer comparison of Rissala Decor Private Limited, buy the company report.
Auditor
Rissala Decor Private Limited is audited by PK LAKHANI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PK LAKHANI & CO. | FY 2023 | 014682N |
Shareholding
The shareholding of Rissala Decor Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rissala Decor Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2020 | 100402903 | Others | ₹19.87 Lakh | Open | |
| 18 Oct 2017 | 100135987 | Others | ₹10 Cr | Open | |
| 13 Jun 2012 | 10363820 | Others | ₹1.12 Cr | Open |
To see the full charge records of Rissala Decor Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Rissala Decor Private Limited has 11 court cases on record: 11 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 5 | 5 | 0 |
| District courts | 4 | 4 | 2 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed against the company by Orchid Container Line Pvt. Ltd. | Disposed |
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by Bharat Traders | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Rissala Decor 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.
Credit ratings & regulatory alerts
Rissala Decor Private Limited was last rated by Icra on 31 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 May 2021 |
To see the full credit ratings and regulatory alerts of Rissala Decor Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rissala Decor Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rissala Decor Private Limited has a workforce of 7 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Rissala Decor has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAECR7761C1ZB | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rissala Decor Private Limited, buy the company report.
Recent activity
Rissala Decor Private Limited has 5 board changes on record since 2013: 3 appointments and 2 cessations. The latest: Sandeep Chandna was appointed as Irp/Rp/Liquidator on 12 Nov 2024.
Frequently asked questions
Rissala Decor 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.
Rissala Decor is a company under insolvency, formerly operating as a private limited company based in Gurgaon, Haryana, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 12 May 2010 and is registered under CIN U15400HR2010PTC040521. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rissala Decor has 3 current directors:
- Shri Mohan Soni - Director
- Vijay Jeet Kataria - Director
- Sandeep Chandna - Irp/Rp/Liquidator
The latest financial statements of Rissala Decor on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rissala Decor is U15400HR2010PTC040521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rissala Decor has open charges of ₹11.32 Cr and no satisfied charges on record as per latest MCA filings.
Rissala Decor has 11 court cases on record: 11 filed against it. 2 are pending. Most are in the nclat.
Rissala Decor was incorporated on 12 May 2010. It is registered with the Registrar of Companies, Delhi.
The peers of Rissala Decor by revenue are Perfect Ply Industries Private Limited, Ad 4 U Communications Private Limited, Supertech Laminates Private Limited, Bhavyam Laminates Private Limited, Shubh Ply and Veneers Private Limited and 1 more, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Sandeep Chandna was appointed as Irp/Rp/Liquidator on 12 Nov 2024. Sangeeta Ahlawat ceased to be Director on 05 Apr 2021. Shri Mohan Soni was appointed as Director on 03 Apr 2021. Rissala Decor has 5 board changes on record in total.
Rissala Decor can be reached through the website rissala.co.in. Its registered office is in Gurgaon, Haryana, India.