MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-KR-03-0244488
Asare Textile Private Limited
Asare Textile Private Limited - manufacturing in Bangalore, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2022
₹14.17 Lakh
Latest filing
Net loss · FY 2022
₹61,400
Net margin -4.3%
EBITDA · FY 2022
-₹60,600
EBITDA margin -4.3%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹12 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
Last financials
Mar 2022
Balance sheet date
About Asare Textile Private Limited
Data last updated:
Asare Textile Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 12 April 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U17299KA2021PTC146433.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹12 Lakh. It is led by directors including Basavapattana Venkataswamy Poornima and Nanjundaswamy Veena.
Its last annual general meeting (AGM) was held on 30 November 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No 3 E Cheluva Complex Kottigepalya 2nd Stage Nagarabhavi, Bangalore, Karnataka, India – 560091.
As per the financials filed for FY 2022, the company reported a revenue of ₹14.17 Lakh. For the same year it recorded a net loss of ₹61,400 (net margin -4.3%) and EBITDA of -₹60,600 (EBITDA margin -4.3%).
Asare Textile Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0244488).
Company details
CIN U17299KA2021PTC146433
Registration Number 146433
Incorporation Date 12 April 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2022
Date of Balance Sheet 31 March 2022
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0244488
Key People
Basavapattana Venkataswamy Poornima Director Nanjundaswamy Veena Director Darshini Basavaraju Director Recognitions & Rankings of Asare Textile
Contact details
Asare Textile Private Limited's registered office is in Bangalore, Karnataka.
- Registered AddressNo 3 E Cheluva Complex Kottigepalya 2nd Stage Nagarabhavi, Bangalore, Karnataka, India – 560091
- IndustryManufacturing, Textile & Fabric Production
Comprehensive company report
Asare Textile Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Asare 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 Asare Textile Private Limited, buy the company report.
Financials of Asare Textile Private Limited
FY 2022 filings availableAsare Textile Private Limited reported revenue of ₹14.17 Lakh for FY 2022.
Revenue · FY 2022
₹14.17 Lakh
Net loss · FY 2022
₹61,400 margin -4.3%
EBITDA · FY 2022
-₹60,600 margin -4.3%
Financial Statement Summary
| Metrics | FY 2021-22 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹60,600 |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹61,400 |
| 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 |
|---|---|
| Profitability | |
| EBITDA Margin | -4.3% |
| Net Profit Margin | -4.3% |
| 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 Asare Textile Private Limited, buy the company report.
Board of directors of Asare Textile Private Limited
Asare Textile has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Basavapattana Venkataswamy Poornima | Director | 12 Apr 2021 | 5 Years 6 Months | Current |
| Nanjundaswamy Veena | Director | 12 Apr 2021 | 5 Years 6 Months | Current |
| Darshini Basavaraju | Director | 12 Apr 2021 | 5 Years 6 Months | Current |
Peer comparison
Asare Textile Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Sanma Garments Private Limited | ₹14.2 Lakh (FY 2024) | -38.0% | Chennai, Tamil Nadu, India | |||
| Asare Textile Private Limitedthis company | ₹14.17 Lakh (FY 2022) | -₹61,400 | -4.3% | Bangalore, Karnataka, India | ||
| Sage Exports Private Limited | ₹14.11 Lakh (FY 2018) | -30.0% | Karur, Tamil Nadu, India | |||
| Devika Prints Private Limited | ₹14.1 Lakh (FY 2025) | 29.0% | Delhi, India |
To see the full peer comparison of Asare Textile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Asare Textile 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 Asare Textile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Asare Textile Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Asare Textile Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Basavapattana Venkataswamy Poornima was appointed as Director on 12 Apr 2021.
AGM
Asare Textile Private Limited last Annual general meeting of members was held on 30 Nov 2022 as per latest MCA records.
Filing
Asare Textile Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Appointed
Basavapattana Venkataswamy Poornima was appointed as Director.
Appointed
Darshini Basavaraju was appointed as Director.
Appointed
Nanjundaswamy Veena was appointed as Director.
Incorporation
12 Apr 2021
Asare Textile Private Limited was registered on 12 Apr 2021 with Roc Bangalore & aged 5 years 6 months as per MCA records.
Frequently asked questions
Asare Textile is an active private limited company based in Bangalore, Karnataka, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 12 April 2021 (5+ years old) and is registered under CIN U17299KA2021PTC146433.
Asare Textile has 3 current directors:
- Basavapattana Venkataswamy Poornima - Director
- Nanjundaswamy Veena - Director
- Darshini Basavaraju - Director
The latest financial statements of Asare Textile on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 November 2022. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Asare Textile is U17299KA2021PTC146433. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asare Textile was incorporated on 12 April 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Asare Textile by revenue are Sanma Garments Private Limited, Sage Exports Private Limited, Devika Prints Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Basavapattana Venkataswamy Poornima was appointed as Director on 12 Apr 2021. Darshini Basavaraju was appointed as Director on 12 Apr 2021. Nanjundaswamy Veena was appointed as Director on 12 Apr 2021.
Yes, Asare Textile is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0244488).
The registered office of Asare Textile is at No 3 E Cheluva Complex Kottigepalya 2nd Stage Nagarabhavi, Bangalore, Karnataka, India – 560091.
Asare Textile operates in the manufacturing industry, in the textile and fabric production segment.
Asare Textile can be reached at its registered office: No 3 E Cheluva Complex Kottigepalya 2nd Stage Nagarabhavi, Bangalore, Karnataka, India – 560091.