Rose Solvents Private Limited
About Rose Solvents Private Limited
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Rose Solvents Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the chemical distribution and retail segment of the chemicals and materials sector. It was incorporated on 04 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51490MH2004PTC146747. Its GSTIN is 27AADCP2845G1ZF (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It was formerly known as Padmavati Merchandise Private Limited. It is led by directors including Rajeev Dinesh Shah and Lalit Dinesh Shah.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 105 Bharuch Sadan84 – A Devji Ratanhi Marg, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.29 Cr, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹38.85 Lakh (net margin -30.1%) and EBITDA of -₹21.55 Lakh (EBITDA margin -16.7%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 41% over five years.
As per MCA filings, the company has open charges of ₹7.65 Cr on record. Court records list 35 cases involving the company, including 30 filed by the company and 5 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Rose Solvents Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address105 Bharuch Sadan84 – A Devji Ratanhi Marg, Mumbai, Maharashtra, India – 400009
- IndustryChemicals and Materials, Chemical Distribution & Retail
To see the full contact details of Rose Solvents 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 Rose Solvents 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 Rose Solvents Private Limited, buy the company report.
Financials of Rose Solvents Private Limited
FY 2019 filings availableRose Solvents Private Limited reported revenue of ₹1.29 Cr (down 63% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 41% over five years, including a 63% fall in the latest year. EBITDA rose 64% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹21.55 Lakh | ||||
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| Net Profit (PAT) | -₹38.85 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | -16.7% | ||||
| Net Profit Margin | -30.1% | ||||
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To see the full financial statements and ratios of Rose Solvents Private Limited, buy the company report.
Board of directors of Rose Solvents Private Limited
Rose Solvents has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Dinesh Shah Also directs: Padmavati Mercantile LLP | Director | 04 Jun 2004 | 22 Years 5 Months | Current |
| Lalit Dinesh Shah | Director | 01 Apr 2010 | 16 Years 7 Months | Current |
| Dinesh Lalji Shah | Director | 04 Jun 2004 | 22 Years 5 Months | Current |
Peer comparison
Rose Solvents Private Limited is compared with the 4 companies closest to it by revenue in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gandhi Refractories Private Limited | ₹1.29 Cr (FY 2024) | -43.0% | Jhansi, Uttar Pradesh, India | |||
| Asia Resins and Polymers Private Limited | ₹1.29 Cr (FY 2017) | 68.0% | Mumbai, Maharashtra, India | |||
| Rose Solvents Private Limitedthis company | ₹1.29 Cr (FY 2019) | -₹38.85 Lakh | -30.1% | -63.0% | Mumbai, Maharashtra, India | |
| Excel Dyechem Private Limited | ₹1.29 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Mil Trading Private Limited | ₹1.29 Cr (FY 2024) | 15.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Rose Solvents Private Limited, buy the company report.
Auditor
Rose Solvents Private Limited is audited by ANIL H HARIA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL H HARIA & CO | FY 2016 | 100432W |
Shareholding
The shareholding of Rose Solvents Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Rose Solvents Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2012 | 10370611 | Union Bank of India | ₹1 Cr | Open | |
| 21 Aug 2009 | 10179993 | Union Bank of India | ₹25 Lakh | Open | |
| 18 Sep 2007 | 10086484 | Union Bank of India | ₹6.4 Cr | Open |
To see the full charge records of Rose Solvents Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Rose Solvents Private Limited has 35 court cases on record: 30 filed by Rose Solvents, 5 filed against it. 3 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 5 | 1 |
| High courts | 6 | 0 | 2 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| Bombay High Court | Court case (LPETN) | Filed by the company against Avani Sales Agency Pvt. Ltd. and 2 Ors,. | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms Religare Finvest Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms Religare Finvest Limited | Disposed |
| District court, South, Delhi | Arbitration matter | Filed against the company by Religare Finvest Limited | Disposed |
To see the full case history of Rose Solvents 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 Rose Solvents Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rose Solvents has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP2845G1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rose Solvents Private Limited, buy the company report.
Recent activity
Rose Solvents Private Limited has 5 board changes on record since 2004: 3 appointments and 2 cessations. The latest: Lalit Dinesh Shah ceased to be Additional Director on 28 Sep 2010.
Frequently asked questions
Rose Solvents is an active private limited company based in Mumbai, Maharashtra, India. The company works in chemical distribution and retail, within the chemicals and materials industry. It was incorporated on 04 June 2004 (22+ years old) and is registered under CIN U51490MH2004PTC146747.
Rose Solvents has 3 current directors:
- Rajeev Dinesh Shah - Director
- Lalit Dinesh Shah - Director
- Dinesh Lalji Shah - Director
The latest financial statements of Rose Solvents on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Rose Solvents is 27AADCP2845G1ZF, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Rose Solvents is U51490MH2004PTC146747. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rose Solvents has 35 court cases on record: 30 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
Rose Solvents was incorporated on 04 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Rose Solvents by revenue are Gandhi Refractories Private Limited, Asia Resins and Polymers Private Limited, Excel Dyechem Private Limited, Mil Trading Private Limited, all in the Chemicals industry (Chemical Retail and Distribution), with the same principal business activity (wholesale trading).
Lalit Dinesh Shah ceased to be Additional Director on 28 Sep 2010. Lalit Dinesh Shah was appointed as Director on 01 Apr 2010. Morarji Lalji Shah ceased to be Director on 01 Apr 2010. Rose Solvents has 5 board changes on record in total.
The registered office of Rose Solvents is at 105 Bharuch Sadan84 – A Devji Ratanhi Marg, Mumbai, Maharashtra, India – 400009.
Rose Solvents operates in the chemicals and materials industry, in the chemical distribution and retail segment.
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