Rite Bite Trading Private Limited
About Rite Bite Trading Private Limited
Data last updated:
Rite Bite Trading Private Limited was a private limited company based in Mumbai, Maharashtra, 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 agricultural products distribution segment of the agriculture sector. It was incorporated on 16 February 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2010PTC200116. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Rajesh Porwal and Govind Kumar Porwal.
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 was at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹92.78 Lakh, a growth of 27% compared to the previous year. For the same year it recorded a net loss of ₹1.76 Cr (net margin -189.7%) and EBITDA of -₹2.92 Cr (EBITDA margin -314.9%). Revenue has declined at a compounded annual rate (CAGR) of 114% over three years and 71% over five years.
Its group structure included 3 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹50 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Rite Bite Trading Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address205 Sujata Chambers 2nd Floor 1/3, Abhichand Gandhi Marg Off Katha Bazar Masjid (W), Mumbai, Maharashtra, India – 400009
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Rite Bite Trading 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 Rite Bite Trading is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Rite Bite Trading Private Limited, buy the company report.
Financials of Rite Bite Trading Private Limited
FY 2023 filings availableRite Bite Trading Private Limited reported revenue of ₹92.78 Lakh (up 27% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 27% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 71%. EBITDA rose 97% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹92.78 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.76 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -314.9% | ||||
| Net Profit Margin | -189.7% | ||||
| 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 Rite Bite Trading Private Limited, buy the company report.
Board of directors of Rite Bite Trading Private Limited
Rite Bite Trading has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Porwal | Additional Director | 25 Dec 2023 | 2 Years 10 Months | As last reported |
| Govind Kumar Porwal | Additional Director | 25 Dec 2023 | 2 Years 10 Months | As last reported |
Peer comparison
Rite Bite Trading Private Limited is compared with the 3 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Siddharth Infracon Private Limited | ₹92.99 Lakh (FY 2024) | -78.0% | Sambalpur, Odisha, India | |||
| Rite Bite Trading Private Limitedthis company | ₹92.78 Lakh (FY 2023) | -₹1.76 Cr | -189.7% | 27.0% | Mumbai, Maharashtra, India | |
| Organic India Farmers Producer Company Limited | ₹92.75 Lakh (FY 2024) | -15.0% | Uttar Pradesh, India | |||
| Panisala Farmers Producer Company Limited | ₹92.69 Lakh (FY 2024) | 5.0% | Cooch Behar, West Bengal, India |
To see the full peer comparison of Rite Bite Trading Private Limited, buy the company report.
Auditor
Rite Bite Trading Private Limited is audited by SIQ & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SIQ & Company | FY 2023 | 017688C |
Shareholding
The shareholding of Rite Bite Trading 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rite Bite Trading Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2021 | 100496195 | Others | ₹50 Lakh | Satisfied |
To see the full charge records of Rite Bite Trading Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Rite Bite Trading Private Limited has 1 court case on record: 1 filed by Rite Bite Trading. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Rite Bite Trading 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 Rite Bite Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Rite Bite Trading has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Toptrade Mercantiles Private Limited | U51109MH2007PTC169563 | |
| Parametric Trading Private Limited | U51900MH2007PTC169460 | |
| Bhagyashree Infrastructure Private Limited | U70100MH2006PTC160477 |
To see the full group structure of Rite Bite Trading Private Limited, buy the company report.
GST
Rite Bite Trading has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Rite Bite Trading Private Limited, buy the company report.
Recent activity
Rite Bite Trading Private Limited has 10 board changes on record since 2010: 2 appointments and 8 cessations. The latest: Govind Kumar Porwal was appointed as Additional Director on 25 Dec 2023.
3 earlier events are in the company report.
Frequently asked questions
Rite Bite Trading 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.
Rite Bite Trading was a private limited company based in Mumbai, Maharashtra, India. The company worked in agro retail and distribution, within the agriculture industry. It was incorporated on 16 February 2010 and is registered under CIN U74900MH2010PTC200116. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Rite Bite Trading was incorporated on 16 February 2010. It is registered with the Registrar of Companies, Mumbai.
Rite Bite Trading had 2 directors:
- Rajesh Porwal - Additional Director
- Govind Kumar Porwal - Additional Director
The CIN (Corporate Identification Number) of Rite Bite Trading is U74900MH2010PTC200116. 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 Rite Bite Trading is at 205 Sujata Chambers 2nd Floor 13, Abhichand Gandhi Marg Off Katha Bazar Masjid W, Mumbai, Maharashtra, India – 400009.
The latest financial statements of Rite Bite Trading 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.
No. Rite Bite Trading has 4 GST registrations on record and all of them are cancelled or inactive.
Rite Bite Trading operated in the agriculture industry, in the agro retail and distribution segment.
The peers of Rite Bite Trading by revenue are Siddharth Infracon Private Limited, Organic India Farmers Producer Company Limited, Panisala Farmers Producer Company Limited, all in the Agriculture industry (Agro Retail and Distribution), with the same principal business activity (wholesale trading).
Rite Bite Trading has 1 court case on record: 1 filed by the company.