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 The company has 1 GST registration on record, which is no longer active.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.
Company details
Contact details
Rolex Cycles Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address726 Industrial Area – B Ludhiana, Punjab, India – 141003
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Rolex Cycles 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 Rolex Cycles is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Rolex Cycles Private Limited, buy the company report.
Financials of Rolex Cycles Private Limited
FY 2017 filings availableRolex Cycles Private Limited reported revenue of ₹21.47 Cr (down 78% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
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
| 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
| 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 | |||
To see the full financial statements and ratios of Rolex Cycles Private Limited, buy the company report.
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 |
Auditor
Rolex Cycles Private Limited is audited by SACHDEVA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SACHDEVA & ASSOCIATES | FY 2017 | 080582 |
Shareholding
The shareholding of Rolex Cycles Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Rolex Cycles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2016 | 100048255 | Others | ₹4.4 Cr | Open | |
| 29 Jan 2016 | 100021870 | Others | ₹29 Cr | Open | |
| 30 Dec 2015 | 10616032 | Bank of Maharashtra | ₹5 Cr | Open | |
| 13 Sep 2013 | 10458164 | Canara Bank | ₹28.4 Cr | Open | |
| 21 Jul 2008 | 10113167 | The Hongkong and Shanghai Banking Corporation | ₹1.57 Cr | Satisfied |
To see the full charge records of Rolex Cycles Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
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 |
To see the full case history of Rolex Cycles 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 Rolex Cycles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
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.
To see the full GST registrations and return filing status of Rolex Cycles Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 2 current directors:
- Kanchan Prabhakar - Additional Director
- Ashwini Kumar Prabhakar - Director
The latest financial statements of Rolex Cycles on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 June 2017. Year-wise statements from 2015 are in the company report.
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.
Kanchan Prabhakar was appointed as Additional Director on 01 Jul 2011. Ankur Prabhakar ceased to be Director on 10 Sep 2010. Harsh Prabhakar ceased to be Director on 30 Apr 2009. Rolex Cycles has 5 board changes on record in total.
The registered office of Rolex Cycles is at 726 Industrial Area – B Ludhiana, Punjab, India – 141003.