Action Textile Private Limited
About Action Textile Private Limited
Data last updated:
Action Textile Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 16 March 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2005PTC011668. Its GSTIN is 33AAFCA3178D1Z1 (Tamil Nadu).
The company has an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹2.1 Cr. It was formerly known as Acton Textile Mills Private Limited. It is led by directors Palanisamy Om Prakash and Palanisamy Baby.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Old No 42 New No 33 Nggo Colony 5th Street, Erode, Tamil Nadu, India – 638009.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.34 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹59.53 Lakh (net margin -44.3%) and EBITDA of ₹33,107 (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 33% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.65 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Action Textile Private Limited's registered office is in Erode, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOld No 42 New No 33 Nggo Colony 5th Street, Erode, Tamil Nadu, India – 638009
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Action Textile 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 Action Textile 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 Action Textile Private Limited, buy the company report.
Financials of Action Textile Private Limited
FY 2022 filings availableAction Textile Private Limited reported revenue of ₹1.34 Cr (up 10% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 33%. EBITDA rose 103% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.34 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹33,107 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹59.53 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | -44.3% | ||||
| 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 Action Textile Private Limited, buy the company report.
Board of directors of Action Textile Private Limited
Action Textile has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palanisamy Om Prakash | Director | 16 Mar 2005 | 21 Years 7 Months | Current |
| Palanisamy Baby Also directs: Penguin Energy Private Limited | Director | 26 Feb 2010 | 16 Years 8 Months | Current |
Peer comparison
Action Textile Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahacot Textiles Private Limited | ₹1.35 Cr (FY 2025) | -72.0% | Shirpur, Maharashtra, India | |||
| Deepak Cosmo Ltd | ₹1.35 Cr (FY 2024) | -19.0% | Himachal Pradesh, India | |||
| Spara Technotex Private Limited | ₹1.35 Cr (FY 2024) | 55.0% | Coimbatore, Tamil Nadu, India | |||
| International Creations Private Limited | ₹1.35 Cr (FY 2025) | 449.0% | Surat, Gujarat, India | |||
| Action Textile Private Limitedthis company | ₹1.34 Cr (FY 2022) | -₹59.53 Lakh | -44.3% | 10.0% | 4 | Erode, Tamil Nadu, India |
| Balaji Thread Mills Private Limited | ₹1.34 Cr (FY 2024) | -22.0% | Delhi, India |
To see the full peer comparison of Action Textile Private Limited, buy the company report.
Auditor
Action Textile Private Limited is audited by SHANMUGAVADIVEL & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHANMUGAVADIVEL & CO | FY 2022 | 012227S |
Shareholding
The shareholding of Action Textile Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Action Textile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2022 | 100601095 | Others | ₹4 Lakh | Open | |
| 30 Jul 2022 | 100601125 | Others | ₹4 Lakh | Open | |
| 11 Nov 2013 | 10462708 | Canara Bank | ₹11.8 Lakh | Open | |
| 09 Sep 2006 | 90327406 | Canara Bank | ₹2.75 Cr | Open | |
| 09 Jan 2006 | 80050678 | Canara Bank | ₹4.7 Cr | Open |
To see the full charge records of Action Textile Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Action Textile Private Limited has 13 court cases on record: 9 filed by Action Textile, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 0 | 0 |
| High courts | 5 | 4 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Erode, Tamil Nadu | Criminal case | Filed by the company against N.Sekar-L.S.P.M. Spinners (P) Ltd, Rep by Itsmanaging Director, and 3 others | Disposed |
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| High Court, TAMIL NADU | Court case (CRL MP) | Filed against the company by individuals | Disposed |
| High Court, TAMIL NADU | Court case (CRL OP) | Filed against the company by individuals | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Action Textile 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 Action Textile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Action Textile Private Limited has a workforce of 4 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Action Textile has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCA3178D1Z1 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Action Textile Private Limited, buy the company report.
Recent activity
Action Textile Private Limited has 5 board changes on record since 2005: 2 appointments and 3 cessations. The latest: Duraisamy Gandhi ceased to be Director on 01 Mar 2010.
2 earlier events are in the company report.
Frequently asked questions
Action Textile is an active private limited company based in Erode, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 16 March 2005 (21+ years old) and is registered under CIN U17111TZ2005PTC011668.
Action Textile has 2 current directors:
- Palanisamy Om Prakash - Director
- Palanisamy Baby - Director
The latest financial statements of Action Textile on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Action Textile is 33AAFCA3178D1Z1, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Action Textile is U17111TZ2005PTC011668. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Action Textile has 13 court cases on record: 9 filed by the company and 4 filed against it. Most are in the district courts.
Action Textile was incorporated on 16 March 2005, making it 21+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Action Textile by revenue are Mahacot Textiles Private Limited, Deepak Cosmo Ltd, Spara Technotex Private Limited, International Creations Private Limited, Balaji Thread Mills Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Duraisamy Gandhi ceased to be Director on 01 Mar 2010. Kumarappan Balakrishnan ceased to be Director on 01 Mar 2010. Thangavelu Nandha Kumar ceased to be Director on 01 Mar 2010. Action Textile has 5 board changes on record in total.
The registered office of Action Textile is at Old No 42 New No 33 Nggo Colony 5th Street, Erode, Tamil Nadu, India – 638009.
Action Textile operates in the manufacturing industry, in the textile and fabric production segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
