Ichalkaranji Textile Development Clustar Limited
About Ichalkaranji Textile Development Clustar Limited
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Ichalkaranji Textile Development Clustar Limited is a public not for profit company based in Kolhapur, Maharashtra, India. It operates in the textile segment of the apparel and fashion sector. It was incorporated on 28 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U91990PN2005NPL020469.
It is led by directors including Gundhar Ramchandra Akiwate (Managing Director) and Sarjerao Dattajirao Patil.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Ichalkaranji Municipal Councilbuilding Ichalkaranji, Kolhapur, Maharashtra, India – 416115.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.06 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹7.08 Lakh and EBITDA of -₹7.08 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 25% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressIchalkaranji Municipal Councilbuilding Ichalkaranji, Kolhapur, Maharashtra, India – 416115
- IndustryAppreal & Fashion, Textile, Leather, Apparel
- 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
- One PDF report, delivered after checkout
Business Activity of Ichalkaranji Textile Development Clustar Limited
The main business activity of Ichalkaranji Textile Development Clustar is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ichalkaranji Textile Development Clustar Limited FY 2023 filings available
Ichalkaranji Textile Development Clustar Limited reported revenue of ₹1.06 Lakh (down 28% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Ichalkaranji Textile Development Clustar Limited
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 28% fall in the latest year. EBITDA rose 12% 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 of Ichalkaranji Textile Development Clustar Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 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 | -₹7.08 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7.08 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 of Ichalkaranji Textile Development Clustar Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ichalkaranji Textile Development Clustar are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ichalkaranji Textile Development Clustar Limited
Ichalkaranji Textile Development Clustar Limited is compared with the companies closest to it by revenue in the same principal business activity (Textile, leather and other apparel products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| NK Estilo Private Limited | ₹1.07 Lakh (FY 2022) | •••• | •••• | -67.0% | •••• | Thane, Maharashtra, India |
| Avarana Fashion and Services (OPC) Private Limited | ₹1.07 Lakh (FY 2024) | •••• | •••• | -95.0% | •••• | Jaipur, Rajasthan, India |
| Vedant Fabric Private Limited | ₹1.07 Lakh (FY 2021) | •••• | •••• | -98.0% | •••• | Dhule, Maharashtra, India |
| Nalka Fabrics Private Limited | ₹1.07 Lakh (FY 2024) | •••• | •••• | •••• | Himachal Pradesh, India | |
| Jasmine Trendz Private Limited | ₹1.06 Lakh (FY 2018) | •••• | •••• | -100.0% | •••• | Surat, Gujarat, India |
| Ichalkaranji Textile Development Clustar Limited this company | ₹1.06 Lakh (FY 2023) | •••• | •••• | -28.0% | •••• | Kolhapur, Maharashtra, India |
| Glefree Services Private Limited | ₹1.06 Lakh (FY 2020) | •••• | •••• | •••• | Egara, West Bengal, India | |
| Tee Cee Apparels Private Limited | ₹1.05 Lakh (FY 2024) | •••• | •••• | -94.0% | •••• | Delhi, India |
| Titas Industries Private Limited | ₹1.05 Lakh (FY 2024) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Subsands Exports Private Limited | ₹1.05 Lakh (FY 2024) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Vihaan Polycott Private Limited | ₹1.05 Lakh (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ichalkaranji Textile Development Clustar by revenue in the same principal business activity (Textile, leather and other apparel products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ichalkaranji Textile Development Clustar Limited
Ichalkaranji Textile Development Clustar Limited is audited by S. N. RANDAR AND ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. N. RANDAR AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ichalkaranji Textile Development Clustar Limited
Ichalkaranji Textile Development Clustar has 5 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarjerao Dattajirao Patil | Director | 28 Mar 2005 | 21 Years 6 Months | Current |
| Shri Chandrakant Shankarrao Mane | Director | 28 Mar 2005 | 21 Years 6 Months | Current |
| Alka Ashok Swami | Director | 24 May 2017 | 9 Years 4 Months | Current |
| Gundhar Ramchandra Akiwate | Managing Director | 10 Aug 2005 | 21 Years 1 Months | Current |
| Rahul Prakash Khanjire | Director | 25 Jul 2012 | 14 Years 2 Months | Current |
Ownership and Shareholding of Ichalkaranji Textile Development Clustar Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ichalkaranji Textile Development Clustar Limited
Ichalkaranji Textile Development Clustar Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ichalkaranji Textile Development Clustar Limited
Employment history and EPFO contributions of people linked to Ichalkaranji Textile Development Clustar.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Ichalkaranji Textile Development Clustar Limited
Ichalkaranji Textile Development Clustar has one previous CIN (Corporate Identification Number): U91990PN2005PLC020469. The current CIN is U91990PN2005NPL020469, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U91990PN2005NPL020469 | Current |
| U91990PN2005PLC020469 | Previous |
Recent Activity on Ichalkaranji Textile Development Clustar Limited
Ichalkaranji Textile Development Clustar Limited has 23 board changes on record since 2005: 5 appointments and 18 cessations. The latest: Akilahamad Iqbalahamad Wasif ceased to be Director on 20 Jun 2019.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ichalkaranji Textile Development Clustar Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ichalkaranji Textile Development Clustar Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ichalkaranji Textile Development Clustar Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ichalkaranji Textile Development Clustar Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ichalkaranji Textile Development Clustar Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ichalkaranji Textile Development Clustar Limited
Ichalkaranji Textile Development Clustar is an active public not for profit company based in Kolhapur, Maharashtra, India. The company works in textile, within the apparel and fashion industry. It was incorporated on 28 March 2005 (21+ years old) and is registered under CIN U91990PN2005NPL020469.
Ichalkaranji Textile Development Clustar reported revenue of ₹1.06 Lakh for FY 2023 (down 28% YoY).
Ichalkaranji Textile Development Clustar has 5 current directors:
- Gundhar Ramchandra Akiwate - Managing Director
- Sarjerao Dattajirao Patil - Director
- Shri Chandrakant Shankarrao Mane - Director
- Alka Ashok Swami - Director
- Rahul Prakash Khanjire - Director
Ichalkaranji Textile Development Clustar reported a net loss of ₹7.08 Lakh and EBITDA of -₹7.08 Lakh for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ichalkaranji Textile Development Clustar is -28% over three years and -25% over five years. In the latest year (FY 2023) revenue fell 28%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Ichalkaranji Textile Development Clustar is U91990PN2005NPL020469. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ichalkaranji Textile Development Clustar was incorporated on 28 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Ichalkaranji Textile Development Clustar by revenue are NK Estilo Private Limited, Avarana Fashion and Services (OPC) Private Limited, Vedant Fabric Private Limited, Nalka Fabrics Private Limited, Jasmine Trendz Private Limited and 5 more, all in the same principal business activity (Textile, leather and other apparel products).
Akilahamad Iqbalahamad Wasif ceased to be Director on 20 Jun 2019. Satish Sadashiv Koshti ceased to be Director on 20 Jun 2019. Jayant Dattatray Marathe ceased to be Director on 30 Jan 2019. Ichalkaranji Textile Development Clustar has 23 board changes on record in total.
The registered office of Ichalkaranji Textile Development Clustar is at Ichalkaranji Municipal Councilbuilding Ichalkaranji, Kolhapur, Maharashtra, India – 416115.
Ichalkaranji Textile Development Clustar operates in the apparel and fashion industry, in the textile segment.