About Ritesh Exports Limited
Data last updated:
Ritesh Exports Limited was a public limited company based in Secunderabad, Telangana, India. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 24 March 1992.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U18100TG1992PLC014028.
The company had an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.25 Cr. It was led by directors including Surender Kumar Agarwal (Managing Director) and Koteswara Rao Karuchola (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 June 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 604 Swapnalok Complexs.D.Road Secunderabad, Telangana, India – 500003.
As per the financials filed for FY 2021, the company reported a revenue of ₹5 Lakh. For the same year it recorded a net loss of ₹29,590 (net margin -5.9%) and EBITDA of -₹4.49 Lakh (EBITDA margin -89.7%).
As per MCA filings, the company had open charges of ₹1.06 Cr and satisfied charges of ₹1.06 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it.
The last known website on record is riteshgroup.com.
Company details
CIN history
Ritesh Exports has one previous CIN (Corporate Identification Number): L18100TG1992PLC014028. The current CIN is U18100TG1992PLC014028, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18100TG1992PLC014028 | Current |
| L18100TG1992PLC014028 | Previous |
Contact details
Ritesh Exports Limited's registered office is in Secunderabad, Telangana. Its website is riteshgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address604 Swapnalok Complexs.D.Road Secunderabad, Telangana, India – 500003
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Ritesh Exports 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
Financials of Ritesh Exports Limited
FY 2023 filings availableRitesh Exports Limited reported revenue of ₹5 Lakh for FY 2021.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.49 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹29,590 | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -89.7% | ||||
| Net Profit Margin | -5.9% | ||||
| 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 Ritesh Exports Limited, buy the company report.
Board of directors of Ritesh Exports Limited
Ritesh Exports has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Koteswara Rao Karuchola | Irp/Rp/Liquidator | 10 Apr 2024 | 2 Years 6 Months | As last reported |
| Shiny Thomas | Director | 25 Apr 2015 | 11 Years 6 Months | As last reported |
| Surender Kumar Agarwal Also directs: S K Infra Private Limited | Managing Director | 24 Mar 1992 | 34 Years 7 Months | As last reported |
| Babu Thomas | Director | 23 Nov 2008 | 17 Years 11 Months | As last reported |
Auditor
Ritesh Exports Limited is audited by GUDURU & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUDURU & ASSOCIATES | FY 2019 | 011862S |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 1993 | 90131915 | State Bank of India | ₹99.3 Lakh | Satisfied | |
| 26 Jul 1993 | 90131114 | State Bank of India | ₹6.3 Lakh | Satisfied |
To see the full charge records of Ritesh Exports Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ritesh Exports Limited has 7 court cases on record: 5 filed by Ritesh Exports, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vellore, Tamil Nadu | Court case (SOP) | Filed against the company by an individual | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against Transmission Corporation of A.P. Ltd., and 3 others | Disposed |
| High Court, TELANGANA | Criminal complaint | Filed by the company against individuals | Disposed |
| High Court, TELANGANA | Appeal | Filed by the company against The Registrar of Compaiies, Andhra Pradesh Having Its | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against Spntdng.Engineer Humayannagar Hyd&Anr | Disposed |
To see the full case history of Ritesh Exports 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 Ritesh Exports Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ritesh Exports Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ritesh Exports Limited has 10 board changes on record since 1992: 4 appointments and 6 cessations. The latest: Koteswara Rao Karuchola was appointed as Irp/Rp/Liquidator on 10 Apr 2024.
5 earlier events are in the company report.
Frequently asked questions
Ritesh Exports has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Ritesh Exports was a public limited company based in Secunderabad, Telangana, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 24 March 1992 and is registered under CIN U18100TG1992PLC014028. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Ritesh Exports was incorporated on 24 March 1992. It is registered with the Registrar of Companies, Hyderabad.
Ritesh Exports had 4 directors:
- Surender Kumar Agarwal - Managing Director
- Shiny Thomas - Director
- Babu Thomas - Director
- Koteswara Rao Karuchola - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Ritesh Exports is U18100TG1992PLC014028. 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 Ritesh Exports is at 604 Swapnalok Complexs.D.Road Secunderabad, Telangana, India – 500003.
Ritesh Exports can be reached through the website riteshgroup.com. Its registered office is in Secunderabad, Telangana, India.
The latest financial statements of Ritesh Exports on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 June 2023. Year-wise statements from 2015 are in the company report.
Ritesh Exports operated in the home and lifestyle industry, in the textile retail and distribution segment.
Ritesh Exports has 7 court cases on record: 5 filed by the company and 2 filed against it. Most are in the high courts.