Grace Garments Ltd - business services in Bhavnagar, Gujarat, India. Directors, charges & compliance details.
CIN U18109GJ1994PLC023862 Incorporated 14 December 1994 ROC Ahmedabad HQ Bhavnagar, Gujarat, India
Converted to LLP Public Limited Company
Data last updated
Revenue · FY 2023
₹47.09 Lakh
▲ 1426% YoY
Net profit · FY 2023
₹44.31 Lakh
Net margin 94.1%
EBITDA · FY 2023
₹46.49 Lakh
EBITDA margin 98.7%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹30.08 Lakh
Issued & subscribed
Company age
32 yrs
Est. 1994
Directors on board
3
As per MCA filings
GST registrations
1
None active

About Grace Garments Ltd

Data last updated:

Grace Garments Ltd was a public limited company based in Bhavnagar, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It was incorporated on 14 December 1994.

The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U18109GJ1994PLC023862. The company has 1 GST registration on record, which is no longer active.

The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹30.08 Lakh. It was led by directors including Hinaben Hiteshbhai Ruparelia (Whole-Time Director) and Utpalbhai Pravinchandra Ruparelia.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 136 Panchamrut Old Manekwadi, Bhavnagar, Gujarat, India – 364001.

As per the financials filed for FY 2023, the company reported a revenue of ₹47.09 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹44.31 Lakh (net margin 94.1%) and EBITDA of ₹46.49 Lakh (EBITDA margin 98.7%). Revenue has grown at a compounded annual rate (CAGR) of 141% over three years and 63% over five years.

Company details

CIN U18109GJ1994PLC023862
Registration Number 023862
Incorporation Date 14 December 1994
ROC Ahmedabad
Listing Status Unlisted
Company Status Converted to LLP
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant

Contact details

Grace Garments Ltd's registered office is in Bhavnagar, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    136 Panchamrut Old Manekwadi, Bhavnagar, Gujarat, India – 364001

To see the full contact details of Grace Garments Ltd, buy the company report.

Comprehensive company report
Grace Garments Ltd - one report that includes everything
  • 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
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Financials of Grace Garments Ltd

FY 2023 filings available

Grace Garments Ltd reported revenue of ₹47.09 Lakh (up 1426% YoY) for FY 2023.

Revenue · FY 2023
₹47.09 Lakh ▲ 1426%
Net profit · FY 2023
₹44.31 Lakh margin 94.1%
EBITDA · FY 2023
₹46.49 Lakh margin 98.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
3 years · compounded
▲ 141%
5 years · compounded
▲ 63%
EBITDA CAGR growth
3 years · compounded
▲ 155%
5 years · compounded
▲ 69%

Revenue has grown at a compounded annual rate (CAGR) of 63% over five years. 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹46.49 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹44.31 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin98.7%
Net Profit Margin94.1%
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 Grace Garments Ltd, buy the company report.

Board of directors of Grace Garments Ltd

Grace Garments has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Hinaben Hiteshbhai RupareliaWhole-Time Director20 May 199927 Years 5 MonthsAs last reported
Utpalbhai Pravinchandra RupareliaDirector01 Feb 200818 Years 8 MonthsAs last reported
Hitesh Pravinchandra RupareliaDirector05 Jan 199531 Years 9 MonthsAs last reported

Auditor

Grace Garments Ltd is audited by M K MAKATI & CO for the financial year 2021.

Auditor firmFinancial yearFirm registration number
M K MAKATI & COFY 2021105890W

Shareholding

The shareholding of Grace Garments Ltd is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2019FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Grace Garments Ltd, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Grace Garments Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Grace Garments Ltd has 1 active EPFO establishment as of Apr 02, 2024.

Active EPFO establishments
1

GST

Grace Garments has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1

To see the full GST registrations and return filing status of Grace Garments Ltd, buy the company report.

Recent activity

Grace Garments Ltd has 7 board changes on record since 1995: 3 appointments and 4 cessations. The latest: Ashishbhai Ruparelia ceased to be Director on 01 Sep 2009.

AGM
Grace Garments Ltd last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Grace Garments Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
Ceased
Ashishbhai Ruparelia ceased to be Director.
Ceased
Hinaben Hiteshbhai Ruparelia ceased to be Director.
Ceased
Kashmiraben Utpalbhai Ruparelia ceased to be Director.
Ceased
Neha Rupareliya ceased to be Director.
Appointed
Utpalbhai Pravinchandra Ruparelia was appointed as Director.
Appointed
Hinaben Hiteshbhai Ruparelia was appointed as Whole-Time Director.
Appointed
Hitesh Pravinchandra Ruparelia was appointed as Director.
Incorporation
14 Dec 1994
Grace Garments Ltd was registered on 14 Dec 1994 with Roc Ahmedabad & aged 31 years 10 months as per MCA records.

Frequently asked questions

Grace Garments has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.

Grace Garments was a public limited company based in Bhavnagar, Gujarat, India. It was incorporated on 14 December 1994 and is registered under CIN U18109GJ1994PLC023862. For the latest details, refer to the successor LLP entity.

The CIN (Corporate Identification Number) of Grace Garments is U18109GJ1994PLC023862. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Grace Garments had 3 directors:

Grace Garments was incorporated on 14 December 1994. It is registered with the Registrar of Companies, Ahmedabad.

The registered office of Grace Garments is at 136 Panchamrut Old Manekwadi, Bhavnagar, Gujarat, India – 364001.

The latest financial statements of Grace Garments on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.

No. Grace Garments has 1 GST registration on record and it is cancelled or inactive.

Ashishbhai Ruparelia ceased to be Director on 01 Sep 2009. Hinaben Hiteshbhai Ruparelia ceased to be Director on 01 Aug 2008. Kashmiraben Utpalbhai Ruparelia ceased to be Director on 02 Feb 2008. Grace Garments has 7 board changes on record in total.

The compliance status of Grace Garments is compliant as of 02 September 2026.