Artex Textile Private Limited
About Artex Textile Private Limited
Data last updated:
Artex Textile Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 11 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U17291DL2009PTC191110. Its GSTIN is 07AAHCA7681B1ZQ (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.5 Cr. It is led by directors Bikash Sarawagi and Fakir Chand Sarawagi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Khasra No.282 Gali No.4 Shalimar Village Industrial Area 2nd Building, New Delhi, Delhi, India – 110088.
As per the financials filed for FY 2023, the company reported a revenue of ₹10.89 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹36.17 Lakh (net margin 3.3%) and EBITDA of ₹19.85 Lakh (EBITDA margin 1.8%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 35% over five years.
As per MCA filings, the company has open charges of ₹15 Cr on record. Court records list 14 cases involving the company, including 14 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Artex Textile Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressKhasra No.282 Gali No.4 Shalimar Village Industrial Area 2nd Building, New Delhi, Delhi, India – 110088
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Artex 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
Financials of Artex Textile Private Limited
FY 2024 filings availableArtex Textile Private Limited reported revenue of ₹10.89 Cr (down 46% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 46% fall in the latest year. EBITDA fell 26% 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 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 | ₹10.89 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹19.85 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹36.17 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.8% | ||||
| Net Profit Margin | 3.3% | ||||
| 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 Artex Textile Private Limited, buy the company report.
Board of directors of Artex Textile Private Limited
Artex 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 |
|---|---|---|---|---|
| Bikash Sarawagi | Director | 04 Jun 2016 | 10 Years 4 Months | Current |
| Fakir Chand Sarawagi Also directs: Sarawagi Textile LLP, Bluvault Estate LLP | Director | 11 Jun 2009 | 17 Years 4 Months | Current |
Auditor
Artex Textile Private Limited is audited by PH Scrutiny for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PH Scrutiny | FY 2023 | 033382N |
Shareholding
The shareholding of Artex Textile Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Artex Textile Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2013 | 10413653 | Bank of Baroda | ₹15 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Artex Textile Private Limited has 14 court cases on record: 14 filed by Artex Textile. 2 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 0 | 2 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against The Assistant Commissioner of Customs (Refund) & Anr. | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against Union of India and Others and 4 others | Pending |
| High Court of Delhi | Writ petition | Filed by the company against The Assistant Commissioner of Customs (Appraisement) | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against The Assistant Commissioner of Customs Appraisement | Disposed |
| High Court, UTTARPRADESH | Court case (WTAX) | Filed by the company against Union of India and Another and 1 other | Disposed |
To see the full case history of Artex 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.
Credit ratings & regulatory alerts
Artex Textile Private Limited was last rated by Brickwork on 11 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 11 Nov 2020 |
To see the full credit ratings and regulatory alerts of Artex Textile Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Artex Textile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Artex Textile has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAHCA7681B1ZQ | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Artex Textile Private Limited, buy the company report.
Recent activity
Artex Textile Private Limited has 8 board changes on record since 2009: 5 appointments and 3 cessations. The latest: Liladhar Sharma ceased to be Director on 10 Jun 2016.
Frequently asked questions
Artex Textile is an active private limited company based in New Delhi, Delhi, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 11 June 2009 (17+ years old) and is registered under CIN U17291DL2009PTC191110.
Artex Textile has 2 current directors:
- Bikash Sarawagi - Director
- Fakir Chand Sarawagi - Director
The latest financial statements of Artex Textile on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Artex Textile is 07AAHCA7681B1ZQ, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Artex Textile is U17291DL2009PTC191110. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Artex Textile has 14 court cases on record: 14 filed by the company. 2 are pending.
Artex Textile was incorporated on 11 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
Liladhar Sharma ceased to be Director on 10 Jun 2016. Bikash Sarawagi was appointed as Director on 04 Jun 2016. Amit Kumar Jain ceased to be Director on 30 May 2012. Artex Textile has 8 board changes on record in total.
The registered office of Artex Textile is at Khasra No.282 Gali No.4 Shalimar Village Industrial Area 2nd Building, New Delhi, Delhi, India – 110088.
Artex Textile operates in the home and lifestyle industry, in the textile retail and distribution segment.
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