Adgaonkar Silk & Sarees Private Limited
About Adgaonkar Silk & Sarees Private Limited
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Adgaonkar Silk & Sarees Private Limited is a private limited company based in Nashik, Maharashtra, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 19 February 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2015PTC262076. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Mahesh Ram Adgaonkar and Gokul Sham Adgaonkar.
Its last annual general meeting (AGM) was held on 25 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Viraj Corner Canada Corner Sharanpur Road, Nashik, Maharashtra, India – 422002.
As per the financials filed for FY 2018, the company reported a revenue of ₹13.83 Cr, a growth of 57% compared to the previous year. For the same year it recorded a net profit of ₹1.14 Lakh (net margin 0.1%) and EBITDA of ₹1.48 Cr (EBITDA margin 10.7%).
The company has about 116 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹14.1 Cr on record. Court records list 33 cases involving the company, including 33 filed against it; 9 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Adgaonkar Silk & Sarees Private Limited's registered office is in Nashik, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressViraj Corner Canada Corner Sharanpur Road, Nashik, Maharashtra, India – 422002
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Adgaonkar Silk & Sarees 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 Adgaonkar Silk & Sarees is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Adgaonkar Silk & Sarees Private Limited, buy the company report.
Financials of Adgaonkar Silk & Sarees Private Limited
FY 2018 filings availableAdgaonkar Silk & Sarees Private Limited reported revenue of ₹13.83 Cr (up 57% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 57% in the latest year. EBITDA rose 39% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹13.83 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.48 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.14 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 10.7% | |||
| Net Profit Margin | 0.1% | |||
| 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 Adgaonkar Silk & Sarees Private Limited, buy the company report.
Board of directors of Adgaonkar Silk & Sarees Private Limited
Adgaonkar Silk & Sarees has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Ram Adgaonkar | Director | 19 Feb 2015 | 11 Years 8 Months | Current |
| Gokul Sham Adgaonkar | Director | 19 Feb 2015 | 11 Years 8 Months | Current |
Peer comparison
Adgaonkar Silk & Sarees Private Limited is compared with the 3 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution, Sarees), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Once Upon A Trunk Private Limited | ₹13.98 Cr (FY 2022) | 157.0% | Ghitorni, Delhi, India | |||
| Neelkamal Sarees Private Limited | ₹13.95 Cr (FY 2025) | 5.0% | Bareilly, Uttar Pradesh, India | |||
| Mahadevi Metals Private Limited | ₹13.88 Cr (FY 2025) | -41.0% | Patna, Bihar, India | |||
| Adgaonkar Silk & Sarees Private Limitedthis company | ₹13.83 Cr (FY 2018) | ₹1.14 Lakh | 0.1% | 57.0% | 116 | Nashik, Maharashtra, India |
To see the full peer comparison of Adgaonkar Silk & Sarees Private Limited, buy the company report.
Auditor
Adgaonkar Silk & Sarees Private Limited is audited by SABADRA & SABADRA for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SABADRA & SABADRA | FY 2018 | 108921W |
Shareholding
The shareholding of Adgaonkar Silk & Sarees Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Adgaonkar Silk & Sarees Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Feb 2017 | 100122441 | Others | ₹8 Cr | Satisfied | |
| 08 Aug 2015 | 10605062 | The Saraswat Co-Operative Bank Ltd. | ₹6.1 Cr | Satisfied |
To see the full charge records of Adgaonkar Silk & Sarees Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Adgaonkar Silk & Sarees Private Limited has 33 court cases on record: 33 filed against it. 9 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 33 | 33 | 9 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed against the company by PNB Housing Finance Ltd. | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Girishkumar Nanakram Tekwani of V Sons Emporio Pvt Ltd | Pending |
| District court, South West, Delhi | Criminal case | Filed against the company by PNB Housing Finance Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Idfc First Bank Limited Through Sandeep Gupta | Disposed |
| District court, Nashik, Maharashtra | Criminal miscellaneous application | Filed against the company by PNB Housing Finance Ltd., | Disposed |
To see the full case history of Adgaonkar Silk & Sarees 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 Adgaonkar Silk & Sarees Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Adgaonkar Silk & Sarees Private Limited has a workforce of 116 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Adgaonkar Silk & Sarees 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 Adgaonkar Silk & Sarees Private Limited, buy the company report.
Recent activity
Adgaonkar Silk & Sarees Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Laxmibai Shashikant Adgaonkar ceased to be Director on 01 Apr 2019.
1 earlier event is in the company report.
Frequently asked questions
Adgaonkar Silk & Sarees is an active private limited company based in Nashik, Maharashtra, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 19 February 2015 (11+ years old) and is registered under CIN U51909MH2015PTC262076.
Adgaonkar Silk & Sarees has 2 current directors:
- Mahesh Ram Adgaonkar - Director
- Gokul Sham Adgaonkar - Director
The latest financial statements of Adgaonkar Silk & Sarees on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 25 September 2018. Year-wise statements from 2015 are in the company report.
No. Adgaonkar Silk & Sarees has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Adgaonkar Silk & Sarees is U51909MH2015PTC262076. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adgaonkar Silk & Sarees has 33 court cases on record: 33 filed against it. 9 are pending.
Adgaonkar Silk & Sarees was incorporated on 19 February 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Adgaonkar Silk & Sarees by revenue are Once Upon A Trunk Private Limited, Neelkamal Sarees Private Limited, Mahadevi Metals Private Limited, all in the Apparel industry (Apparel Retail and Distribution, Sarees), with the same principal business activity (retail trading).
Laxmibai Shashikant Adgaonkar ceased to be Director on 01 Apr 2019. Rekha Ram Adgaonkar ceased to be Director on 01 Apr 2019. Sham Shashikant Adgaonkar ceased to be Director on 01 Apr 2019. Adgaonkar Silk & Sarees has 6 board changes on record in total.
The registered office of Adgaonkar Silk & Sarees is at Viraj Corner Canada Corner Sharanpur Road, Nashik, Maharashtra, India – 422002.
Adgaonkar Silk & Sarees operates in the fashion and textile industry, in the fashion retail segment.
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