About Ritebanc Agri Tech Solutions Private Limited
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Ritebanc Agri Tech Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the animal feeds segment of the agriculture sector. It was incorporated on 23 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29210MH2012PTC230063. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.81 Cr. It is led by directors Mukul Kakar and Ruchika Kakar.
Its last annual general meeting (AGM) was held on 15 September 2016, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2015, the company reported a revenue of ₹66.24 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net loss of ₹1.47 Cr (net margin -2.2%) and EBITDA of ₹91.1 Lakh (EBITDA margin 1.4%).
As per MCA filings, the company has open charges of ₹18.84 Cr on record. Court records list 8 cases involving the company, including 8 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website ritebanc.com.
Company details
Contact details
Ritebanc Agri Tech Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is ritebanc.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice No. 801 8th Floor Param House Off Western Express Highway Santacruz E, Ast, Mumbai, Maharashtra, India – 400055
- IndustryAgriculture, Animal Feeds, Fertilizers & Soil Enhancers
To see the full contact details of Ritebanc Agri Tech Solutions 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 Ritebanc Agri Tech Solutions 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 Ritebanc Agri Tech Solutions Private Limited, buy the company report.
Financials of Ritebanc Agri Tech Solutions Private Limited
FY 2015 filings availableRitebanc Agri Tech Solutions Private Limited reported revenue of ₹66.24 Cr (up 55% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 55% in the latest year. EBITDA fell 75% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹66.24 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹91.1 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹1.47 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 1.4% |
| Net Profit Margin | -2.2% |
| 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 Ritebanc Agri Tech Solutions Private Limited, buy the company report.
Board of directors of Ritebanc Agri Tech Solutions Private Limited
Ritebanc Agri Tech Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukul Kakar | Director | 23 Apr 2012 | 14 Years 6 Months | Current |
| Ruchika Kakar | Director | 23 Apr 2012 | 14 Years 6 Months | Current |
Auditor
Ritebanc Agri Tech Solutions Private Limited is audited by CHATURVEDISK&FELLOWS for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHATURVEDISK&FELLOWS | FY 2015 | 112627W |
Shareholding
The shareholding of Ritebanc Agri Tech Solutions Private Limited is on record for FY 2015, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ritebanc Agri Tech Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Apr 2014 | 10508372 | Hdfc Bank Limited | ₹54.32 Lakh | Open | |
| 07 Sep 2012 | 10378631 | Uco Bank | ₹18.3 Cr | Open |
To see the full charge records of Ritebanc Agri Tech Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ritebanc Agri Tech Solutions Private Limited has 8 court cases on record: 8 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by M/S HDFC Bank Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by HDFC Bank Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by an individual | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by an individual | Disposed |
| District court, West Godavari, Andhra Pradesh | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Ritebanc Agri Tech Solutions 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 Ritebanc Agri Tech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ritebanc Agri Tech Solutions has 3 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 Ritebanc Agri Tech Solutions Private Limited, buy the company report.
Recent activity
Ritebanc Agri Tech Solutions Private Limited has 4 board changes on record since 2012: 3 appointments and 1 cessation. The latest: Sanjay Kumar Shyam Narayan Singh ceased to be Additional Director on 22 Nov 2012.
Frequently asked questions
Ritebanc Agri Tech Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in animal feeds, within the agriculture industry. It was incorporated on 23 April 2012 (14+ years old) and is registered under CIN U29210MH2012PTC230063.
Ritebanc Agri Tech Solutions has 2 current directors:
- Mukul Kakar - Director
- Ruchika Kakar - Director
The latest financial statements of Ritebanc Agri Tech Solutions on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 15 September 2016. Year-wise statements from 2015 are in the company report.
No. Ritebanc Agri Tech Solutions has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Ritebanc Agri Tech Solutions is U29210MH2012PTC230063. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ritebanc Agri Tech Solutions has 8 court cases on record: 8 filed against it. Most are in the district courts.
Ritebanc Agri Tech Solutions was incorporated on 23 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Sanjay Kumar Shyam Narayan Singh ceased to be Additional Director on 22 Nov 2012. Sanjay Kumar Shyam Narayan Singh was appointed as Additional Director on 22 Sep 2012. Mukul Kakar was appointed as Director on 23 Apr 2012. Ritebanc Agri Tech Solutions has 4 board changes on record in total.
Ritebanc Agri Tech Solutions can be reached through the website ritebanc.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ritebanc Agri Tech Solutions is at Office No. 801 8th Floor Param House Off Western Express Highway Santacruz E, Ast, Mumbai, Maharashtra, India – 400055.
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