Royal Refinery Private Limited
About Royal Refinery Private Limited
Data last updated:
Royal Refinery Private Limited is a private limited company based in Mumbai, Maharashtra, 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 watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 22 March 2012.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2012PTC228597. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.86 Cr. It is led by directors including Vishal Harish Choudhary and Ketan Madhusudan Shroff.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 3 – E Trishla Premises Co – Op Soc. Ltd. 3rd Floor 122 Sheikh Menon Street, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2018, the company reported a revenue of ₹499.22 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹22.3 Lakh (net margin 0%) and EBITDA of ₹7.07 Cr (EBITDA margin 1.4%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
As per MCA filings, the company has open charges of ₹40 Cr and satisfied charges of ₹27.5 Cr on record. Court records list 10 cases involving the company, including 10 filed against it; 5 cases are pending.
Company details
Contact details
Royal Refinery Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address3 – E Trishla Premises Co – Op Soc. Ltd. 3rd Floor 122 Sheikh Menon Street, Mumbai, Maharashtra, India – 400002
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Royal Refinery 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 Royal Refinery is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Royal Refinery Private Limited, buy the company report.
Financials of Royal Refinery Private Limited
FY 2018 filings availableRoyal Refinery Private Limited reported revenue of ₹499.22 Cr (down 10% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 10% fall in the latest year. EBITDA rose 5% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹499.22 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹7.07 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹22.3 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.4% | |||
| Net Profit Margin | 0% | |||
| 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 Royal Refinery Private Limited, buy the company report.
Board of directors of Royal Refinery Private Limited
Royal Refinery has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Panwar | Additional Director | 10 Jan 2019 | 7 Years 9 Months | As last reported |
| Vishal Harish Choudhary | Director | 23 Mar 2012 | 14 Years 7 Months | As last reported |
| Ketan Madhusudan Shroff | Director | 20 Aug 2012 | 14 Years 2 Months | As last reported |
Auditor
Royal Refinery Private Limited is audited by N G JAIN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N G JAIN & CO | FY 2018 | 103941W |
Shareholding
The shareholding of Royal Refinery Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Royal Refinery Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2014 | 10565379 | Others | ₹40 Cr | Open | |
| 25 May 2016 | 100037212 | Lakshmi Vilas Bank Limited | ₹7.5 Cr | Satisfied | |
| 03 Apr 2013 | 10421133 | State Bank of India | ₹20 Cr | Satisfied |
To see the full charge records of Royal Refinery Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Royal Refinery Private Limited has 10 court cases on record: 10 filed against it. 5 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 6 | 6 | 4 |
| District courts | 3 | 3 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Tridhaatu Kirti Developers LLP 5Th Floor, B Wing, Shrikant Chambers, Near R.K. Studio, , District: Chembur ,Mumbai , Maharashtra | Disposed |
| NCLAT, Court II | Tribunal matter | Filed against the company by Shri Baiju Trading and Investment Private Limited | Disposed |
| District court, Shahdara, Delhi | Court case (OMP (I) (COMM)) | Filed against the company by Toyota Financial Services India Ltd | Disposed |
| District court, South, Delhi | Court case (OMP (I) (COMM.)) | Filed against the company by Toyota Financial Services India Ltd. | Disposed |
| NCLAT, Court III | Tribunal matter | Filed against the company by Shalibadhra Exports Pvt. Ltd. | Pending |
To see the full case history of Royal Refinery 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 Royal Refinery Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Royal Refinery has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Royal Refinery Private Limited, buy the company report.
Recent activity
Royal Refinery Private Limited has 14 board changes on record since 2012: 3 appointments and 11 cessations. The latest: Gaurav Panwar was appointed as Additional Director on 10 Jan 2019.
11 earlier events are in the company report.
Frequently asked questions
Royal Refinery 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.
Royal Refinery is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 22 March 2012 and is registered under CIN U74120MH2012PTC228597. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Royal Refinery has 3 current directors:
- Gaurav Panwar - Additional Director
- Vishal Harish Choudhary - Director
- Ketan Madhusudan Shroff - Director
The latest financial statements of Royal Refinery on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Royal Refinery is U74120MH2012PTC228597. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Royal Refinery has open charges of ₹40 Cr and satisfied charges of ₹27.5 Cr as per latest MCA filings.
Royal Refinery has 10 court cases on record: 10 filed against it. 5 are pending. Most are in the nclat.
Royal Refinery was incorporated on 22 March 2012. It is registered with the Registrar of Companies, Mumbai.
Gaurav Panwar was appointed as Additional Director on 10 Jan 2019. Jayesh Bherumal Parmar ceased to be Director on 10 Jan 2019. Ketan Madhusudan Shroff ceased to be Director on 01 Apr 2016. Royal Refinery has 14 board changes on record in total.
The registered office of Royal Refinery is at 3 – E Trishla Premises Co – Op Soc. Ltd. 3rd Floor 122 Sheikh Menon Street, Mumbai, Maharashtra, India – 400002.