Classic Wears Private Limited
About Classic Wears Private Limited
Data last updated:
Classic Wears Private Limited was a private limited company based in Ludhiana, Punjab, 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 innerwear segment of the fashion and textiles sector. It was incorporated on 19 January 1988.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18104PB1988PTC039205. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.18 Cr. It was led by directors including Sadhu Ram Rupal and Parveen Avasthi.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at Village Meharban Rahon Road, Ludhiana, Punjab, India – 141007.
As per the financials filed for FY 2015, the company reported a revenue of ₹51.68 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.36 Cr (net margin 2.6%) and EBITDA of ₹5.29 Cr (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years.
The company had about 178 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
CIN history
Classic Wears has one previous CIN (Corporate Identification Number): U18104DL1988PTC030356. The current CIN is U18104PB1988PTC039205, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18104PB1988PTC039205 | Current |
| U18104DL1988PTC030356 | Previous |
Contact details
Classic Wears Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressVillage Meharban Rahon Road, Ludhiana, Punjab, India – 141007
- IndustryFashion and Textile, Innerwear, Winter & Seasonal Wear
To see the full contact details of Classic Wears 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
Financials of Classic Wears Private Limited
FY 2015 filings availableClassic Wears Private Limited reported revenue of ₹51.68 Cr (down 7% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 2% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹51.68 Cr |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹5.29 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹1.36 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 10.2% |
| Net Profit Margin | 2.6% |
| 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 Classic Wears Private Limited, buy the company report.
Board of directors of Classic Wears Private Limited
Classic Wears has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sadhu Ram Rupal Also directs: Marvel Dyers and Processors Private Limited | Director | 21 Sep 1996 | 30 Years 1 Months | As last reported |
| Parveen Avasthi | Director | 19 Jan 1988 | 38 Years 9 Months | As last reported |
| Naresh Kumar Jain | Director | 21 Sep 1996 | 30 Years 1 Months | As last reported |
Auditor
Classic Wears Private Limited is audited by Rawla & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rawla & Co. | FY 2015 |
Shareholding
The shareholding of Classic Wears Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Classic Wears Private Limited, buy the company report.
Legal cases
Classic Wears Private Limited has 2 court cases on record: 2 filed by Classic Wears. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Company petition | Filed by the company against Sobhagia Sales Private Limited | Disposed |
| High Court, PUNJAB | Company petition | Filed by the company against an individual | Disposed |
To see the full case history of Classic Wears 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 Classic Wears Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Classic Wears Private Limited has a workforce of 178 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Classic Wears has 3 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 Classic Wears Private Limited, buy the company report.
Recent activity
Classic Wears Private Limited has 3 board changes on record since 1988: 3 appointments. The latest: Naresh Kumar Jain was appointed as Director on 21 Sep 1996.
Frequently asked questions
Classic Wears 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.
Classic Wears was a private limited company based in Ludhiana, Punjab, India. The company worked in innerwear, within the fashion and textile industry. It was incorporated on 19 January 1988 and is registered under CIN U18104PB1988PTC039205. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Classic Wears was incorporated on 19 January 1988. It is registered with the Registrar of Companies, Chandigarh.
Classic Wears had 3 directors:
- Sadhu Ram Rupal - Director
- Parveen Avasthi - Director
- Naresh Kumar Jain - Director
The CIN (Corporate Identification Number) of Classic Wears is U18104PB1988PTC039205. 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 Classic Wears is at Village Meharban Rahon Road, Ludhiana, Punjab, India – 141007.
The latest financial statements of Classic Wears on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
No. Classic Wears has 3 GST registrations on record and all of them are cancelled or inactive.
Classic Wears operated in the fashion and textile industry, in the innerwear segment.
Classic Wears has 2 court cases on record: 2 filed by the company.
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