About Ritebanc Green Agro Solutions Private Limited
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Ritebanc Green Agro Solutions Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 25 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29210MH2012PTC230219. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.89 Cr. It is led by directors Mukul Kakar and Ruchika Kakar.
Its last annual general meeting (AGM) was held on 01 August 2016, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Plot No. H – 35 Additional Murbad Industrial Area MIDC Murbad Thane, Maharashtra, India – 421401.
As per the financials filed for FY 2015, the company reported a revenue of ₹2 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹70.15 Lakh and EBITDA of -₹1.55 Lakh (EBITDA margin -77.2%).
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹125 Cr on record. Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it; 3 cases are pending.
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 Green Agro Solutions Private Limited's registered office is in Thane, Maharashtra. Its website is ritebanc.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. H – 35 Additional Murbad Industrial Area MIDC Murbad Thane, Maharashtra, India – 421401
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Ritebanc Green Agro 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 activities of Ritebanc Green Agro Solutions are agriculture, forestry, fishing and financial and insurance service. In detail, this covers support activities to agriculture and other activities including hunting and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Ritebanc Green Agro Solutions Private Limited, buy the company report.
Financials of Ritebanc Green Agro Solutions Private Limited
FY 2015 filings availableRitebanc Green Agro Solutions Private Limited reported revenue of ₹2 Lakh (down 93% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 93% in the latest year. EBITDA fell 108% 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 | ₹2 Lakh |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹1.55 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹70.15 Lakh |
| 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 | -77.2% |
| Net Profit Margin | |
| 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 Green Agro Solutions Private Limited, buy the company report.
Board of directors of Ritebanc Green Agro Solutions Private Limited
Ritebanc Green Agro Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukul Kakar | Director | 25 Apr 2012 | 14 Years 5 Months | Current |
| Ruchika Kakar | Additional Director | 20 Jun 2016 | 10 Years 4 Months | Current |
Auditor
Ritebanc Green Agro Solutions Private Limited is audited by CHATURVEDI S K & FELLOWS for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHATURVEDI S K & FELLOWS | FY 2015 | 112627W |
Shareholding
The shareholding of Ritebanc Green Agro Solutions Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ritebanc Green Agro Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2013 | 10448647 | State Bank of India | ₹125 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Ritebanc Green Agro Solutions Private Limited has 8 court cases on record: 1 filed by Ritebanc Green Agro Solutions, 7 filed against it. 3 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 4 | 3 | 3 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Writ petition | Filed against the company by M/S Kingsize Properties Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Edelweiss Asset Reconstruction Company Ltd | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Bio Ethanol Agro Industries Limited. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Edelweiss Asset Reconstruction Company Ltd | Disposed |
| High Court of Madhya Pradesh | Appeal | Filed by the company against Central Bank of India Bank | Pending |
To see the full case history of Ritebanc Green Agro 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 Green Agro Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ritebanc Green Agro Solutions has 2 subsidiary companies. This group structure data is as of FY 2015. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Goel Agrigreen Fields Private Limited | U15400MP2006PTC018959 | |
| Goel Agrigreen Fields Private Limited | U15400MP2006PTC018959 |
To see the full group structure of Ritebanc Green Agro Solutions Private Limited, buy the company report.
GST
Ritebanc Green Agro Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ritebanc Green Agro Solutions Private Limited, buy the company report.
Recent activity
Ritebanc Green Agro Solutions Private Limited has 5 board changes on record since 2012: 2 appointments and 3 cessations. The latest: Mukul Mahendru ceased to be Director on 20 Jun 2016.
Frequently asked questions
Ritebanc Green Agro Solutions is an active private limited company based in Thane, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 25 April 2012 (14+ years old) and is registered under CIN U29210MH2012PTC230219.
Ritebanc Green Agro Solutions has 2 current directors:
- Mukul Kakar - Director
- Ruchika Kakar - Additional Director
The latest financial statements of Ritebanc Green Agro Solutions on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 01 August 2016. Year-wise statements from 2015 are in the company report.
No. Ritebanc Green Agro Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ritebanc Green Agro Solutions is U29210MH2012PTC230219. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ritebanc Green Agro Solutions has 8 court cases on record: 1 filed by the company and 7 filed against it. 3 are pending. Most are in the district courts.
Ritebanc Green Agro Solutions was incorporated on 25 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Mukul Mahendru ceased to be Director on 20 Jun 2016. Ruchika Kakar was appointed as Additional Director on 20 Jun 2016. Ruchika Kakar ceased to be Director on 10 Jan 2013. Ritebanc Green Agro Solutions has 5 board changes on record in total.
Ritebanc Green Agro Solutions can be reached through the website ritebanc.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Ritebanc Green Agro Solutions is at Plot No. H – 35 Additional Murbad Industrial Area MIDC Murbad Thane, Maharashtra, India – 421401.