Rolex Cycles Private Limited
About Rolex Cycles Private Limited
Data last updated:
Rolex Cycles Private Limited is a private limited company based in Ludhiana, Punjab, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 18 August 1999.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U35921PB1999PTC022865. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹1.97 Cr. It is led by directors Ashwini Kumar Prabhakar and Kanchan Prabhakar.
Its last annual general meeting (AGM) was held on 30 June 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 726 Industrial Area – B Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2017, the company reported a revenue of ₹21.47 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹37.3 Cr (net margin -173.8%) and EBITDA of -₹36.92 Cr (EBITDA margin -172%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹66.8 Cr and satisfied charges of ₹20.34 Cr on record. Court records list 13 cases involving the company, including 3 filed by the company and 10 filed against it; 1 case is pending.
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- Registered Address726 Industrial Area – B Ludhiana, Punjab, India – 141003
- IndustryAutomotive, Auto Parts & Components
- 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
- One PDF report, delivered after checkout
Business Activity of Rolex Cycles Private Limited
The main business activity of Rolex Cycles is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Rolex Cycles Private Limited FY 2017 filings available
Rolex Cycles Private Limited reported revenue of ₹21.47 Cr (down 78% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Rolex Cycles Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 39% over three years, including a 78% fall in the latest year. EBITDA fell 948% 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 of Rolex Cycles Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹21.47 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹36.92 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹37.3 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 of Rolex Cycles Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -172% | •••• | •••• |
| Net Profit Margin | -173.8% | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Rolex Cycles are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Rolex Cycles Private Limited
Rolex Cycles has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanchan Prabhakar | Additional Director | 01 Jul 2011 | 15 Years 3 Months | As last reported |
| Ashwini Kumar Prabhakar | Director | 18 Aug 1999 | 27 Years 2 Months | As last reported |
Peer Comparison of Rolex Cycles Private Limited
Rolex Cycles Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Cycles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ambika Wheels Private Limited | ₹23.98 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Ludhiana, Punjab, India |
| Bombay Metal Works Pvt Ltd | ₹23.88 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Punjab, India |
| Dhallson Cycles (India) Pvt Ltd | ₹23.39 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | Ludhiana, Punjab, India |
| R.D. Steel Forging Private Limited | ₹22.62 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Ludhiana, Punjab, India |
| Millap Cycles Private Limited | ₹22.17 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Malda, West Bengal, India |
| Rolex Cycles Private Limited this company | ₹21.47 Cr (FY 2017) | •••• | •••• | -78.0% | •••• | Ludhiana, Punjab, India |
| Ishwar Cycle Industries Private Limited | ₹20.93 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Ludhiana, Punjab, India |
| Mitras Bikes Private Limited | ₹19.76 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | New Delhi, Delhi, India |
| Vishivkarma Industries Pvt Ltd | ₹19.33 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Punjab, India |
| Veer Wheels Private Limited | ₹19 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Kolkata, West Bengal, India |
| Gemko Thermo Mechaniks Private Limited | ₹18.81 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Punjab, India |
Peers are the five companies nearest above and the five nearest below Rolex Cycles by revenue in the Automobiles industry (Cycles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Rolex Cycles Private Limited
Rolex Cycles Private Limited is audited by SACHDEVA & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SACHDEVA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Rolex Cycles Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rolex Cycles Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Jul 2016 | Others | ₹4.4 Cr | Open |
| 29 Jan 2016 | Others | ₹29 Cr | Open |
| 30 Dec 2015 | Bank of Maharashtra | ₹5 Cr | Open |
| 13 Sep 2013 | Canara Bank | ₹28.4 Cr | Open |
| 21 Jul 2008 | The Hongkong and Shanghai Banking Corporation | ₹1.57 Cr | Satisfied |
Total charge records: 9 View all charges
Legal Cases of Rolex Cycles Private Limited
Rolex Cycles Private Limited has 13 court cases on record: 3 filed by Rolex Cycles, 10 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 0 |
| NCLAT | 3 | 2 | 0 |
| High courts | 2 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Avon Ispat and Power Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M/S Hero Steels Limited | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Hero Steels Ltd | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed against the company | Pending |
| NCLT, Chandigarh | Insolvency matter | Filed by the company against Canara Bank and 1 other | Disposed |
Full case history
All 13 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Rolex Cycles Private Limited
Employment history and EPFO contributions of people linked to Rolex Cycles.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Rolex Cycles Private Limited
Rolex Cycles Private Limited has 5 board changes on record since 1999: 2 appointments and 3 cessations. The latest: Kanchan Prabhakar was appointed as Additional Director on 01 Jul 2011.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Rolex Cycles Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Rolex Cycles Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rolex Cycles Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Rolex Cycles Private Limited
Rolex Cycles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rolex Cycles Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Rolex Cycles Private Limited
Rolex Cycles is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Rolex Cycles is a company under liquidation, formerly operating as a private limited company based in Ludhiana, Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 18 August 1999 and is registered under CIN U35921PB1999PTC022865. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rolex Cycles reported revenue of ₹21.47 Cr for FY 2017 (down 78% YoY).
Rolex Cycles has 2 current directors:
- Kanchan Prabhakar - Additional Director
- Ashwini Kumar Prabhakar - Director
Rolex Cycles reported a net loss of ₹37.3 Cr (net margin -173.8%) and EBITDA of -₹36.92 Cr (EBITDA margin -172%) for FY 2017, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rolex Cycles is -39% over three years. In the latest year (FY 2017) revenue fell 78%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Rolex Cycles is U35921PB1999PTC022865. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rolex Cycles has open charges of ₹66.8 Cr and satisfied charges of ₹20.34 Cr as per latest MCA filings.
Rolex Cycles has 13 court cases on record: 3 filed by the company and 10 filed against it. 1 is pending. Most are in the district courts.
Rolex Cycles was incorporated on 18 August 1999. It is registered with the Registrar of Companies, Chandigarh.
The peers of Rolex Cycles by revenue are Ambika Wheels Private Limited, Bombay Metal Works Pvt Ltd, Dhallson Cycles (India) Pvt Ltd, R.D. Steel Forging Private Limited, Millap Cycles Private Limited and 5 more, all in the Automobiles industry (Cycles).