Asian Cotspin Private Limited

Asian Cotspin Private Limited - home & lifestyle in Barnala, Punjab, India. Directors, charges & compliance details.
CIN U51311PB2003PTC025874 Incorporated 25 March 2003 ROC Chandigarh HQ Barnala, Punjab, India
Merged Private Limited Company home and lifestyle
Data last updated
Revenue · FY 2023
₹14.18 Lakh
▼ 41% YoY
Net profit · FY 2023
₹2.49 Cr
Latest filing
EBITDA · FY 2023
-₹11.95 Lakh
EBITDA margin -84.3%
Authorised capital
₹235 Cr
Registered with MCA
Paid-up capital
₹23.89 Cr
Issued & subscribed
Open charges
₹4.54 Cr
Secured borrowings
Company age
23 yrs
Est. 2003
Directors on board
2
As per MCA filings

About Asian Cotspin Private Limited

Data last updated:

Asian Cotspin Private Limited was a private limited company based in Barnala, Punjab, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 25 March 2003.

The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U51311PB2003PTC025874. Its GSTIN is 03AACCB4849D1Z2 (Punjab). The company held 2 GST registrations, of which 1 is active.

The company had an authorised share capital of ₹235 Cr and a paid-up capital of ₹23.89 Cr. It was led by directors Sukhdarshan Singh and Davindar Singh Sokhi.

Its last annual general meeting (AGM) was held on 28 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Arun Memorial Community & Cultural Centre Raikot Road, Barnala, Punjab, India – 148101.

As per the financials filed for FY 2023, the company reported a revenue of ₹14.18 Lakh, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹2.49 Cr and EBITDA of -₹11.95 Lakh (EBITDA margin -84.3%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 73% over five years.

Its group structure included 3 subsidiaries.

As per MCA filings, the company had open charges of ₹4.54 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.

Company Details of Asian Cotspin Private Limited
CIN U51311PB2003PTC025874
Registration Number 025874
Incorporation Date 25 March 2003
ROC Chandigarh
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 28 August 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
Key People
Sukhdarshan Singh Director Davindar Singh Sokhi Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    Arun Memorial Community & Cultural Centre Raikot Road, Barnala, Punjab, India – 148101
  • Industry
    Home & Lifestyle, Textile Retail & Distribution
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Financials, compliance, directors, charges, ownership and filings for Asian Cotspin Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Financials of Asian Cotspin Private Limited FY 2023 filings available

Asian Cotspin Private Limited reported revenue of ₹14.18 Lakh (down 41% YoY) for FY 2023.

Revenue · FY 2023
₹14.18 Lakh ▼ 41%
Net profit · FY 2023
₹2.49 Cr
EBITDA · FY 2023
-₹11.95 Lakh margin -84.3%

Compounded Annual Growth Rate (CAGR) of Asian Cotspin Private Limited

Revenue CAGR growth
1 year
▼ 41%
3 years · compounded
▼ 69%
5 years · compounded
▼ 73%
EBITDA CAGR growth
1 year
▲ 98%
3 years · compounded
▲ 60%
5 years · compounded
▼ 17%

Revenue has declined at a compounded annual rate (CAGR) of 73% over five years, including a 41% fall in the latest year. EBITDA rose 98% 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 of Asian Cotspin Private Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
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-₹11.95 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹2.49 Cr••••••••••••••••
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 of Asian Cotspin Private Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin-84.3%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Asian Cotspin are in the company report.

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Financial statements from 2015

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Board of Directors of Asian Cotspin Private Limited

Asian Cotspin has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Sukhdarshan Singh
Also directs: Eminent Ventures LLP
Director27 Jul 20215 Years 2 MonthsAs last reported
Davindar Singh SokhiDirector14 Mar 20179 Years 7 MonthsAs last reported
View all directors

Peer Comparison of Asian Cotspin Private Limited

Asian Cotspin Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Calcutta Hire Purchase Ltd₹14.22 Lakh (FY 2025)••••••••132.0%••••Kolkata, West Bengal, India
Premier Infrastructure Products Private Limited₹14.22 Lakh (FY 2022)••••••••-26.0%••••Chennai, Tamil Nadu, India
Peach Heaven Private Limited₹14.2 Lakh (FY 2019)••••••••••••New Delhi, Delhi, India
Landmark Distributors and Marketing Private Limited₹14.2 Lakh (FY 2025)••••••••9.0%••••Mumbai, Maharashtra, India
Shree Ambaji Texturizers Pvt Ltd₹14.19 Lakh (FY 2025)••••••••4.0%••••Surat, Gujarat, India
Asian Cotspin Private Limited this company₹14.18 Lakh (FY 2023)••••••••-41.0%••••Barnala, Punjab, India
Mamta Starch Private Limited₹14.18 Lakh (FY 2024)••••••••-53.0%••••Kakariya, Gujarat, India
Nidhi Suppliers Private Limited₹14.17 Lakh (FY 2024)••••••••-6.0%••••Kolkata, West Bengal, India
Boe Garment Accessories India Private Limited₹14.16 Lakh (FY 2018)••••••••••••Bangalore, Karnataka, India
Piyush Tex Trendz Private Limited₹14.15 Lakh (FY 2024)••••••••-61.0%••••Mumbai, Maharashtra, India
Texpro Textiles India Private Ltd₹14.14 Lakh (FY 2022)••••••••-7.0%••••New Delhi, Delhi, India

Peers are the five companies nearest above and the five nearest below Asian Cotspin by revenue in the Consumer Products industry (Textile Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Asian Cotspin Private Limited

Asian Cotspin Private Limited is audited by K K KAPOOR & ASSOCIATES for the financial year 2019.

NameStatusAppointment DateCessation Date
K K KAPOOR & ASSOCIATESLockedLockedLocked
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Ownership and Shareholding of Asian Cotspin Private Limited

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Charges & Borrowings of Asian Cotspin Private Limited

Open charges
₹4.54 Cr
Satisfied charges
None
Breakdown by lending institutions
The Punjab State Industrial Develop Corp.Ltd.₹2.27 Cr
The Punjab State Industrial Develop. Corporation Ltd.₹2.27 Cr
Latest charge details
DateLenderAmountStatus
18 Jun 1998The Punjab State Industrial Develop Corp.Ltd.₹2.27 CrOpen
18 Jun 1998The Punjab State Industrial Develop. Corporation Ltd.₹2.27 CrOpen

Total charge records: 2 View all charges

Employees and EPFO Compliance at Asian Cotspin Private Limited

Employment history and EPFO contributions of people linked to Asian Cotspin.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Asian Cotspin Private Limited

Asian Cotspin has 3 subsidiary companies and 2 associated companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.

3
Subsidiary companies
2
Associated companies
Key Subsidiaries
Company NameCINShares Held
Abhishek Corporate Services LimitedU00000PB2003PLC026525Locked
Lotus Infrabuild LimitedU45200PB2007PLC030828Locked
Lotus Corporate Solutions Private LimitedU72900PB2014PTC038719Locked

Showing major subsidiaries. Total: 3.

Recent Activity on Asian Cotspin Private Limited

Asian Cotspin Private Limited has 11 board changes on record since 2008: 2 appointments and 9 cessations. The latest: Sukhdarshan Singh ceased to be Additional Director on 22 Sep 2021.

AGM
Asian Cotspin Private Limited last Annual general meeting of members was held on 28 Aug 2023 as per latest MCA records.
Filing
Asian Cotspin Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.
Ceased
Sukhdarshan Singh ceased to be Additional Director.
Appointed
Sukhdarshan Singh was appointed as Director.
Ceased
Varinder Singh ceased to be Additional Director.
Ceased
Satish Kumar Arora ceased to be Additional Director.
Ceased
Vikrant Sadana ceased to be Company Secretary.
Ceased
Jayanta Kumar Saha ceased to be Director.
Ceased
Davindar Singh Sokhi ceased to be Additional Director.
Appointed
Davindar Singh Sokhi was appointed as Director.
Ceased
Parmod Kumar Sharma ceased to be Director.
Ceased
Rajinder Pal Kansal ceased to be Director.

4 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Asian Cotspin Private Limited

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MSME Payment Delays by Asian Cotspin Private Limited

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Subsidiaries & Group Companies of Asian Cotspin Private Limited

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GST Compliance of Asian Cotspin Private Limited

Asian Cotspin has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
03AACCB4849D1Z2PunjabActive01 Jul 2017
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State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Asian Cotspin Private Limited

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Frequently Asked Questions about Asian Cotspin Private Limited

Asian Cotspin has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.

Asian Cotspin was a private limited company based in Barnala, Punjab, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 25 March 2003 and is registered under CIN U51311PB2003PTC025874. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Asian Cotspin was incorporated on 25 March 2003. It is registered with the Registrar of Companies, Chandigarh.

Asian Cotspin had 2 directors:

The CIN (Corporate Identification Number) of Asian Cotspin is U51311PB2003PTC025874. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Asian Cotspin is at Arun Memorial Community & Cultural Centre Raikot Road, Barnala, Punjab, India – 148101.

Asian Cotspin reported revenue of ₹14.18 Lakh for FY 2023 (down 41% YoY).

Asian Cotspin has an authorised share capital of ₹235 Cr and a paid-up capital of ₹23.89 Cr.

Asian Cotspin reported a net profit of ₹2.49 Cr and EBITDA of -₹11.95 Lakh (EBITDA margin -84.3%) for FY 2023, as per its filed financial statements.

The GSTIN of Asian Cotspin is 03AACCB4849D1Z2, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

Asian Cotspin operated in the home and lifestyle industry, in the textile retail and distribution segment.

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