Ready Wear Private Limited
About Ready Wear Private Limited
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Ready Wear Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 05 November 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1993PTC014895. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Nanda Kumar Nallabothula Chengama and Nagalla Chandra Sekhar.
Its last annual general meeting (AGM) was held on 29 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2017, the company reported a revenue of ₹34,610, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹4.57 Lakh and EBITDA of -₹97,500 (EBITDA margin -281.7%).
Court records list 12 cases involving the company, including 6 filed by the company and 6 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Ready Wear has one previous CIN (Corporate Identification Number): U18101KA1993PTC014895. The current CIN is U85110KA1993PTC014895, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1993PTC014895 | Current |
| U18101KA1993PTC014895 | Previous |
Contact details
Ready Wear Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No.403 Site No.7 Khatha No.397/366 Parthu Hallmark Hagadur Village White Fi, Eld Bangal, Bangalore, Karnataka, India – 560066
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of Ready Wear 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 Ready Wear 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 Ready Wear Private Limited, buy the company report.
Financials of Ready Wear Private Limited
FY 2019 filings availableReady Wear Private Limited reported revenue of ₹34,610 (down 94% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 94% in the latest 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 | ₹34,610 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹97,500 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹4.57 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 | -281.7% | ||
| 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 | |||
To see the full financial statements and ratios of Ready Wear Private Limited, buy the company report.
Board of directors of Ready Wear Private Limited
Ready Wear has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jowhar Basha Shaik | Additional Director | 17 Sep 2020 | 6 Years 1 Months | Current |
| Nanda Kumar Nallabothula Chengama | Director | 14 Mar 2018 | 8 Years 7 Months | Current |
| Nagalla Chandra Sekhar | Director | 15 May 2019 | 7 Years 5 Months | Current |
Auditor
Ready Wear Private Limited is audited by K N SUDHAKARA REDDY & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K N SUDHAKARA REDDY & CO | FY 2017 | 204091 |
Shareholding
The shareholding of Ready Wear 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 Ready Wear Private Limited, buy the company report.
Legal cases
Ready Wear Private Limited has 12 court cases on record: 6 filed by Ready Wear, 6 filed against it. 5 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 3 | 3 |
| High courts | 6 | 3 | 2 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Revision petition | Filed against the company by an individual | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The State of Andhra Pradesh, and 4 others | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref.IDA) | Filed by the company against an individual | Pending |
| District court, Chittoor, Andhra Pradesh | Civil suit | Filed against the company by an individual | Pending |
| High Court of Andhra Pradesh | Revision petition | Filed against the company by an individual | Disposed |
To see the full case history of Ready Wear 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 Ready Wear Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ready Wear 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 Ready Wear Private Limited, buy the company report.
Recent activity
Ready Wear Private Limited has 7 board changes on record since 2018: 3 appointments and 4 cessations. The latest: Nanda Kumar Nallabothula Chengama ceased to be Director on 04 Oct 2023.
Frequently asked questions
Ready Wear is an active private limited company based in Bangalore, Karnataka, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 05 November 1993 (33+ years old) and is registered under CIN U85110KA1993PTC014895.
Ready Wear has 3 current directors:
- Jowhar Basha Shaik - Additional Director
- Nanda Kumar Nallabothula Chengama - Director
- Nagalla Chandra Sekhar - Director
The latest financial statements of Ready Wear on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 29 September 2019. Year-wise statements from 2015 are in the company report.
No. Ready Wear has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ready Wear is U85110KA1993PTC014895. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ready Wear has 12 court cases on record: 6 filed by the company and 6 filed against it. 5 are pending. Most are in the district courts.
Ready Wear was incorporated on 05 November 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
Nanda Kumar Nallabothula Chengama ceased to be Director on 04 Oct 2023. Jowhar Basha Shaik was appointed as Additional Director on 17 Sep 2020. Thalla Gayatri Reddy ceased to be Managing Director on 11 Jun 2019. Ready Wear has 7 board changes on record in total.
The registered office of Ready Wear is at Flat No.403 Site No.7 Khatha No.397366 Parthu Hallmark Hagadur Village White Fi, Eld Bangal, Bangalore, Karnataka, India – 560066.
Ready Wear operates in the apparel and fashion industry, in the leather segment.
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