Ritesh Spinning Mills Limited
About Ritesh Spinning Mills Limited
Data last updated:
Ritesh Spinning Mills Limited was a public limited company based in New Delhi, Delhi, 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 textile and fabric production segment of the manufacturing sector. It was incorporated on 31 May 1994.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1994PLC146637. Its GSTIN is 03AADCR9515P1ZZ (Punjab).
The company had an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹50 Lakh. It was led by directors including Sanjeev Arora (Whole-Time Director) and Kavya Arora.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 11/5B Ist Floor Pusaroad New Delhi, Delhi, India.
As per the financials filed for FY 2020, the company reported a revenue of ₹16.69 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹36.24 Lakh (net margin -2.2%) and EBITDA of ₹1.04 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 320% over three years and 147% over five years.
As per MCA filings, the company had satisfied charges of ₹2.5 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Company details
CIN history
Ritesh Spinning Mills has one previous CIN (Corporate Identification Number): U74899DL2006PLC146637. The current CIN is U74899DL1994PLC146637, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1994PLC146637 | Current |
| U74899DL2006PLC146637 | Previous |
Contact details
Ritesh Spinning Mills Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address11/5B Ist Floor Pusaroad New Delhi, Delhi, India
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ritesh Spinning Mills 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 Ritesh Spinning Mills 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 Ritesh Spinning Mills Limited, buy the company report.
Financials of Ritesh Spinning Mills Limited
FY 2020 filings availableRitesh Spinning Mills Limited reported revenue of ₹16.69 Cr (up 3% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 147% over five years, including 3% growth in the latest year. EBITDA rose 119% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹16.69 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹36.24 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| 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 Ritesh Spinning Mills Limited, buy the company report.
Board of directors of Ritesh Spinning Mills Limited
Ritesh Spinning Mills has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kavya Arora Also directs: Hampton Sky Hospitality Private Limited, Hampton Sky Realty Limited, Femmella Fashions India Limited and 5 more | Director | 31 Oct 2011 | 15 Years 0 Months | As last reported |
| Ketki Arora Also directs: Hampton Sky Hospitality Private Limited, Femmella Fashions India Limited, Auster Securities Private Limited and 4 more | Director | 22 Aug 2016 | 10 Years 2 Months | As last reported |
| Sanjeev Arora Also directs: Hampton Sky Hospitality Private Limited | Whole-Time Director | 21 Feb 2006 | 20 Years 8 Months | As last reported |
Auditor
Ritesh Spinning Mills Limited is audited by S M MATHUR & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S M MATHUR & CO | FY 2020 | 006588N |
Shareholding
The shareholding of Ritesh Spinning Mills Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ritesh Spinning Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Dec 2004 | 80002062 | Allahabad Bank | ₹2.5 Cr | Satisfied |
To see the full charge records of Ritesh Spinning Mills Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Ritesh Spinning Mills Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil miscellaneous application | Filed against the company by State of Punjab and 3 others | Pending |
To see the full case history of Ritesh Spinning Mills 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 Spinning Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ritesh Spinning Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCR9515P1ZZ | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ritesh Spinning Mills Limited, buy the company report.
Recent activity
Ritesh Spinning Mills Limited has 19 board changes on record since 2006: 3 appointments and 16 cessations. The latest: Ketki Arora ceased to be Additional Director on 27 Sep 2016.
13 earlier events are in the company report.
Frequently asked questions
Ritesh Spinning Mills 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.
Ritesh Spinning Mills was a public limited company based in New Delhi, Delhi, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 31 May 1994 and is registered under CIN U74899DL1994PLC146637. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ritesh Spinning Mills was incorporated on 31 May 1994. It is registered with the Registrar of Companies, Delhi.
Ritesh Spinning Mills had 3 directors:
- Sanjeev Arora - Whole-Time Director
- Kavya Arora - Director
- Ketki Arora - Director
The CIN (Corporate Identification Number) of Ritesh Spinning Mills is U74899DL1994PLC146637. 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 Spinning Mills is at 115B Ist Floor Pusaroad New Delhi, Delhi, India.
The latest financial statements of Ritesh Spinning Mills on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Ritesh Spinning Mills is 03AADCR9515P1ZZ, registered in Punjab.
Ritesh Spinning Mills operated in the manufacturing industry, in the textile and fabric production segment.
Ritesh Spinning Mills has 1 court case on record: 1 filed against it. 1 is pending.
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