Asian Cotspin Private Limited
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 3 cases involving the company, including 3 filed by the company.
Company details
Contact details
Asian Cotspin Private Limited's registered office is in Barnala, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressArun Memorial Community & Cultural Centre Raikot Road, Barnala, Punjab, India – 148101
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Asian Cotspin 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 Asian Cotspin Private Limited
FY 2023 filings availableAsian Cotspin Private Limited reported revenue of ₹14.18 Lakh (down 41% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | -₹11.95 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.49 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | -84.3% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Asian Cotspin Private Limited, buy the company report.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sukhdarshan Singh Also directs: Eminent Ventures LLP | Director | 27 Jul 2021 | 5 Years 2 Months | As last reported |
| Davindar Singh Sokhi | Director | 14 Mar 2017 | 9 Years 7 Months | As last reported |
Peer comparison
Asian Cotspin Private Limited is compared with the 10 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 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 Limitedthis company | ₹14.18 Lakh (FY 2023) | ₹2.49 Cr | -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 |
To see the full peer comparison of Asian Cotspin Private Limited, buy the company report.
Auditor
Asian Cotspin Private Limited is audited by K K KAPOOR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K KAPOOR & ASSOCIATES | FY 2019 | 001013N |
Shareholding
The shareholding of Asian Cotspin Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Asian Cotspin Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 1998 | 90175895 | The Punjab State Industrial Develop Corp.Ltd. | ₹2.27 Cr | Open | |
| 18 Jun 1998 | 90309166 | The Punjab State Industrial Develop. Corporation Ltd. | ₹2.27 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Asian Cotspin Private Limited has 3 court cases on record: 3 filed by Asian Cotspin. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chandigarh | Court case (C.P.(CAA)) | Filed by the company against Creativeline Developers Private Limited | Disposed |
| District court, Barnala, Punjab | Civil suit | Filed by the company against Punjab State Industrial Development Corporation Limited | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against Punjab State Industrial Development Corporation Limited SH. S.K. Singla Deputy General Manager SH. S.K. Singla Deputy General Manager Udyog Bhawan, 18 Himalaya Marg, Sector 17 , District: Chandigarh ,Chandigarh , Chandigarh | Disposed |
To see the full case history of Asian Cotspin 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 Asian Cotspin Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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.
| Company Name | CIN | Shares held |
|---|---|---|
| Abhishek Corporate Services Limited | U00000PB2003PLC026525 | |
| Lotus Infrabuild Limited | U45200PB2007PLC030828 | |
| Lotus Corporate Solutions Private Limited | U72900PB2014PTC038719 |
To see the full group structure of Asian Cotspin Private Limited, buy the company report.
GST
Asian Cotspin has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCB4849D1Z2 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asian Cotspin Private Limited, buy the company report.
Recent activity
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.
4 earlier events are in the company report.
Frequently asked questions
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:
- Sukhdarshan Singh - Director
- Davindar Singh Sokhi - Director
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.
The latest financial statements of Asian Cotspin on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 28 August 2023. Year-wise statements from 2015 are in the company report.
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.
The peers of Asian Cotspin by revenue are Calcutta Hire Purchase Ltd, Premier Infrastructure Products Private Limited, Peach Heaven Private Limited, Landmark Distributors and Marketing Private Limited, Shree Ambaji Texturizers Pvt Ltd and 5 more, all in the Consumer Products industry (Textile Retail and Distribution).
Asian Cotspin has 3 court cases on record: 3 filed by the company. Most are in the district courts.