Rapid Commotrade Profile
Key Indicators
- Authorised Capital ₹ 0.50 M
as on 08-12-2024
- Paid Up Capital ₹ 0.50 M
as on 08-12-2024
- Company Age 29 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 3.60 Cr
as on 08-12-2024
- Satisfied Charges ₹ 4.64 Cr
as on 08-12-2024
- Revenue -16.56%
(FY 2022)
- Profit -41.70%
(FY 2022)
- Ebitda 10.53%
(FY 2022)
- Net Worth 0.14%
(FY 2022)
- Total Assets -3.39%
(FY 2022)
About Rapid Commotrade
The Company is engaged in the Business Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 0.50 M.
The company currently has active open charges totaling ₹3.60 Cr. The company has closed loans amounting to ₹4.64 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vivek Newatia, Bal Newatia, Pranay Newatia, and One other member serve as directors at the Company.
- CIN/LLPIN
U51109WB1995PTC070862
- Company No.
070862
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 Apr 1995
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Rapid Commotrade?
Board Members(4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vivek Newatia  | Director | 07-Oct-2002 | Current |
| Pranay Newatia | Director | 07-Oct-2002 | Current |
| Bal Newatia | Director | 25-Feb-2003 | Current |
| Neelam Newatia | Director | 25-Feb-2003 | Current |
Financial Performance and Corporate Structure Insights of Rapid Commotrade.
Rapid Commotrade Pvt Ltd, for the financial year ended 2022, experienced significant reduction in revenue, with a 16.56% decrease. The company also saw a substantial fall in profitability, with a 41.7% decrease in profit. The company's net worth moved up by a moderate rise of 0.14%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations | |||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Rapid Commotrade?
In 2021, Rapid Commotrade had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Inex Collection Private LimitedActive 29 years 3 monthsPranay Newatia and Neelam Newatia are mutual person
- Alpes Constructions Private LimitedActive 12 years 11 months
Vivek Newatia and Neelam Newatia are mutual person
- S Jaykishan Consulting Private LimitedActive 19 years 1 month
Vivek Newatia and Bal Newatia are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Standard Chartered Bank Creation Date: 31 Jul 2017 | ₹3.60 Cr | Open |
Standard Chartered Bank Creation Date: 21 Sep 2020 | ₹5.48 M | Satisfied |
Standard Chartered Bank Creation Date: 17 May 2019 | ₹1.30 Cr | Satisfied |
How Many Employees Work at Rapid Commotrade?
Unlock and access historical data on people associated with Rapid Commotrade, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Rapid Commotrade, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Rapid Commotrade's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
