Madison Apparel Private Limited
About Madison Apparel Private Limited
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Madison Apparel Private Limited was a private limited company based in Tirupur, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the leather segment of the apparel and fashion sector. It was incorporated on 19 December 2006.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U18101TZ2006PTC013290. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Madison Spirit Apparel and Promotions Private Limited. It was led by directors Bakthavachalam Himakirananugula and Bakthavachalam Ramana.
Its last annual general meeting (AGM) was held on 04 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 7 Parapalayam Mangalam Road, Tirupur, Tamil Nadu, India – 641604.
As per the financials filed for FY 2017, the company reported a revenue of ₹19.18 Lakh, a decline of 59% compared to the previous year. For the same year it recorded a net loss of ₹4.98 Lakh (net margin -26%) and EBITDA of -₹4.57 Lakh (EBITDA margin -23.8%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years.
Company details
Contact details
Madison Apparel Private Limited's registered office is in Tirupur, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address7 Parapalayam Mangalam Road, Tirupur, Tamil Nadu, India – 641604
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of Madison Apparel 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 Madison Apparel 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 Madison Apparel Private Limited, buy the company report.
Financials of Madison Apparel Private Limited
FY 2017 filings availableMadison Apparel Private Limited reported revenue of ₹19.18 Lakh (down 59% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 52% over three years, including a 59% fall 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹19.18 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹4.57 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹4.98 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -23.8% | ||
| Net Profit Margin | -26% | ||
| 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 Madison Apparel Private Limited, buy the company report.
Board of directors of Madison Apparel Private Limited
Madison Apparel has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bakthavachalam Ramana Also directs: Madras Glocal Foods Private Limited | Additional Director | 07 Aug 2017 | 9 Years 2 Months | As last reported |
| Bakthavachalam Himakirananugula | Director | 19 Dec 2006 | 19 Years 10 Months | As last reported |
Auditor
Madison Apparel Private Limited is audited by K. APPUSAMY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. APPUSAMY | FY 2017 | 013089 |
Shareholding
The shareholding of Madison Apparel Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Madison Apparel Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Madison Apparel Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Madison Apparel Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Madison Apparel 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 Madison Apparel Private Limited, buy the company report.
Recent activity
Madison Apparel Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Deivasigamani Jayakumar ceased to be Director on 09 Aug 2017.
Frequently asked questions
Madison Apparel has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Madison Apparel was a private limited company based in Tirupur, Tamil Nadu, India. The company worked in leather, within the apparel and fashion industry. It was incorporated on 19 December 2006 and is registered under CIN U18101TZ2006PTC013290. The company has been struck off by the Registrar of Companies and is no longer operational.
Madison Apparel had 2 directors:
- Bakthavachalam Ramana - Additional Director
- Bakthavachalam Himakirananugula - Director
The CIN (Corporate Identification Number) of Madison Apparel is U18101TZ2006PTC013290. 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 Madison Apparel is at 7 Parapalayam Mangalam Road, Tirupur, Tamil Nadu, India – 641604.
Madison Apparel was incorporated on 19 December 2006. It is registered with the Registrar of Companies, Coimbatore.
The latest financial statements of Madison Apparel on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 04 August 2017. Year-wise statements from 2015 are in the company report.
No. Madison Apparel has 1 GST registration on record and it is cancelled or inactive.
Madison Apparel operated in the apparel and fashion industry, in the leather segment. It worked in this industry before it was struck off.
Deivasigamani Jayakumar ceased to be Director on 09 Aug 2017. Bakthavachalam Ramana was appointed as Additional Director on 07 Aug 2017. Bakthavachalam Himakirananugula was appointed as Director on 19 Dec 2006.