Citizen Technical Textiles Private Limited
About Citizen Technical Textiles Private Limited
Data last updated:
Citizen Technical Textiles Private Limited was a private limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 17 June 2009.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U17120WB2009PTC135923. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹14.5 Lakh. It was led by directors including Umang Banthia (Whole-Time Director) and Mahesh Kumar Banthia.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 147 Mahatma Gandhi Road, Kolkata, West Bengal, India – 700007.
As per the financials filed for FY 2020, the company reported a revenue of ₹28.31 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹4.25 Cr (net margin 15%) and EBITDA of ₹9 Cr (EBITDA margin 31.8%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 5% over five years.
The company had about 93 employees on its provident fund (EPFO) records before it was dissolved.
Company details
Contact details
Citizen Technical Textiles Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address147 Mahatma Gandhi Road, Kolkata, West Bengal, India – 700007
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Citizen Technical Textiles 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 Citizen Technical Textiles is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Citizen Technical Textiles Private Limited, buy the company report.
Financials of Citizen Technical Textiles Private Limited
FY 2020 filings availableCitizen Technical Textiles Private Limited reported revenue of ₹28.31 Cr (up 30% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 30% growth in the latest year. EBITDA rose 11% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹28.31 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.25 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.8% | ||||
| Net Profit Margin | 15% | ||||
| 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 Citizen Technical Textiles Private Limited, buy the company report.
Board of directors of Citizen Technical Textiles Private Limited
Citizen Technical Textiles has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Kumar Banthia | Director | 17 Jun 2009 | 17 Years 4 Months | As last reported |
| Naresh Kumar Banthia Also directs: Citizen Umbrella Manufacturers Ltd, Umargam Industries Association | Director | 17 Jun 2009 | 17 Years 4 Months | As last reported |
| Jitesh Kumar Banthia | Director | 17 Jun 2009 | 17 Years 4 Months | As last reported |
| Umang Banthia | Whole-Time Director | 01 Jun 2017 | 9 Years 4 Months | As last reported |
| Suresh Kumar Banthia | Director | 17 Jun 2009 | 17 Years 4 Months | As last reported |
| Santosh Kumar Banthia | Director | 17 Jun 2009 | 17 Years 4 Months | As last reported |
Peer comparison
Citizen Technical Textiles Private Limited is compared with the 9 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Joy Poly Fab Private Limited | ₹28.4 Cr (FY 2024) | -11.0% | Vapi, Gujarat, India | |||
| Diamond Mink Blankets Limited | ₹28.37 Cr (FY 2024) | -10.0% | Punjab, India | |||
| Siddhi Spinners Private Limited | ₹28.35 Cr (FY 2025) | -4.0% | Kalol, Gujarat, India | |||
| Dipu Associates Private Limited | ₹28.32 Cr (FY 2025) | -24.0% | Mumbai, Maharashtra, India | |||
| Bramha Cotfab Private Limited | ₹28.31 Cr (FY 2024) | 9.0% | Shirpur, Maharashtra, India | |||
| Citizen Technical Textiles Private Limitedthis company | ₹28.31 Cr (FY 2020) | ₹4.25 Cr | 15% | 30.0% | 93 | Kolkata, West Bengal, India |
| K N M Mills Private Limited | ₹28.3 Cr (FY 2025) | -9.0% | Coimbatore, Tamil Nadu, India | |||
| Gourav Suitings Private Limited | ₹28.28 Cr (FY 2025) | 39.0% | Bhilwara, Rajasthan, India | |||
| Sunrise Colours Limited | ₹28.28 Cr (FY 2024) | -4.0% | Mumbai, Maharashtra, India | |||
| Orifabco Private Limited | ₹28.25 Cr (FY 2025) | -1.0% | Panipat, Haryana, India |
To see the full peer comparison of Citizen Technical Textiles Private Limited, buy the company report.
Auditor
Citizen Technical Textiles Private Limited is audited by R RAMPURIA & COMPANY for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R RAMPURIA & COMPANY | FY 2020 | 325211E |
Shareholding
The shareholding of Citizen Technical Textiles Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Citizen Technical Textiles Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Citizen Technical Textiles Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Citizen Technical Textiles Private Limited was last rated by Crisil on 21 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 Sep 2020 |
To see the full credit ratings and regulatory alerts of Citizen Technical Textiles Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Citizen Technical Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Citizen Technical Textiles Private Limited has a workforce of 93 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Citizen Technical Textiles 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 Citizen Technical Textiles Private Limited, buy the company report.
Recent activity
Citizen Technical Textiles Private Limited has 7 board changes on record since 2009: 6 appointments and 1 cessation. The latest: Umang Banthia was appointed as Whole-Time Director on 01 Jun 2017.
Frequently asked questions
Citizen Technical Textiles has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Citizen Technical Textiles was a private limited company based in Kolkata, West Bengal, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 17 June 2009 and is registered under CIN U17120WB2009PTC135923. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Citizen Technical Textiles was incorporated on 17 June 2009. It is registered with the Registrar of Companies, Kolkata.
Citizen Technical Textiles had 6 directors:
- Umang Banthia - Whole-Time Director
- Mahesh Kumar Banthia - Director
- Naresh Kumar Banthia - Director
- Jitesh Kumar Banthia - Director
- Suresh Kumar Banthia - Director
- Santosh Kumar Banthia - Director
The CIN (Corporate Identification Number) of Citizen Technical Textiles is U17120WB2009PTC135923. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Citizen Technical Textiles is at 147 Mahatma Gandhi Road, Kolkata, West Bengal, India – 700007.
The latest financial statements of Citizen Technical Textiles on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Citizen Technical Textiles has 1 GST registration on record and it is cancelled or inactive.
Citizen Technical Textiles operated in the manufacturing industry, in the textile and fabric production segment.
The peers of Citizen Technical Textiles by revenue are Joy Poly Fab Private Limited, Diamond Mink Blankets Limited, Siddhi Spinners Private Limited, Dipu Associates Private Limited, Bramha Cotfab Private Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Umang Banthia was appointed as Whole-Time Director on 01 Jun 2017. Umang Banthia ceased to be Director on 26 Sep 2013. Jitesh Kumar Banthia was appointed as Director on 17 Jun 2009. Citizen Technical Textiles has 7 board changes on record in total.