Asif Spinners Private Limited
About Asif Spinners Private Limited
Data last updated:
Asif Spinners Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 15 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U17200MH2010PTC209071. Its GSTIN is 27AAICA9117H1ZK (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Asif Iqbal Abdul Latif Ansari and Ayesha Abdul Lateef.
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 C.No. D / 23 Mominpura, Nagpur, Maharashtra, India – 440018.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.84 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹26.65 Lakh (net margin 1.9%) and EBITDA of ₹63.56 Lakh (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 22% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.84 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressC.No. D / 23 Mominpura, Nagpur, Maharashtra, India – 440018
- IndustryAppreal & Fashion, Leather, Textile, Apparel
- 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
- One PDF report, delivered after checkout
Business Activity of Asif Spinners Private Limited
The main business activity of Asif Spinners is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Asif Spinners Private Limited FY 2024 filings available
Asif Spinners Private Limited reported revenue of ₹13.84 Cr (up 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Asif Spinners Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 15% growth in the latest year. EBITDA rose 2% 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 Asif Spinners Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹63.56 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹26.65 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 of Asif Spinners Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.9% | •••• | •••• | •••• | •••• |
| 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 Asif Spinners are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Asif Spinners Private Limited
Asif Spinners Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Satyam Cotspin Private Limited | ₹13.87 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Uttar Pradesh, India |
| Glowknit Private Limited | ₹13.87 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Surat, Gujarat, India |
| Canary Apparels Private Limited | ₹13.86 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Kanpur, Uttar Pradesh, India |
| Dayanand Textile Industries Private Limited | ₹13.86 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Bhilwara, Rajasthan, India |
| Cotton Concept (India) Private Limited | ₹13.85 Cr (FY 2024) | •••• | •••• | -27.0% | •••• | Noida, Uttar Pradesh, India |
| Asif Spinners Private Limited this company | ₹13.84 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Nagpur, Maharashtra, India |
| Prathamesh Cotton Mill Private Limited | ₹13.84 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Ichalkaranji, Maharashtra, India |
| Mittal Knit Wear Private Limited | ₹13.83 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Madhyamgram, West Bengal, India |
| Apex Gudur Footwear Private Limited | ₹13.82 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Chilkur Mandlam, Andhra Pradesh, India |
| Such Exports Private Limited | ₹13.81 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | New Delhi, Delhi, India |
| Apt Design Private Limited | ₹13.8 Cr (FY 2024) | •••• | •••• | -36.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Asif Spinners by revenue in the Manufacturing industry (Textiles), 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 Asif Spinners Private Limited
Asif Spinners Private Limited is audited by ZOEB ANWAR & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ZOEB ANWAR & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Asif Spinners Private Limited
Asif Spinners has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asif Iqbal Abdul Latif Ansari | Director | 02 Apr 2012 | 14 Years 6 Months | Current |
| Ayesha Abdul Lateef | Director | 02 Apr 2012 | 14 Years 6 Months | Current |
| Bilkis Begum Abdul Latf | Director | 02 Apr 2012 | 14 Years 6 Months | Current |
| Nusrat Jahan Asif Iqbal | Director | 02 Apr 2012 | 14 Years 6 Months | Current |
| Abdul Latif Haji Abdul Hafiz | Director | 15 Oct 2010 | 15 Years 11 Months | Current |
Ownership and Shareholding of Asif Spinners Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Asif Spinners Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2025 | Others | ₹1.84 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Asif Spinners Private Limited
Asif Spinners Private Limited has 3 court cases on record: 3 filed by Asif Spinners. 1 case is pending and 2 are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Asif Spinners Private Limited
Asif Spinners Private Limited has a workforce of 9 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Asif Spinners Private Limited
Asif Spinners Private Limited has 6 board changes on record since 2010: 5 appointments and 1 cessation. The latest: Mohammad Ateeque Ansari ceased to be Director on 10 Oct 2013.
Credit Ratings, Litigation & Regulatory Alerts for Asif Spinners Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Asif Spinners Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Asif Spinners Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Asif Spinners Private Limited
Asif Spinners has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICA9117H1ZK | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Asif Spinners Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Asif Spinners Private Limited
Asif Spinners is an active private limited company based in Nagpur, Maharashtra, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 15 October 2010 (16+ years old) and is registered under CIN U17200MH2010PTC209071.
Asif Spinners reported revenue of ₹13.84 Cr for FY 2024 (up 15% YoY).
Asif Spinners has 5 current directors:
- Asif Iqbal Abdul Latif Ansari - Director
- Ayesha Abdul Lateef - Director
- Bilkis Begum Abdul Latf - Director
- Nusrat Jahan Asif Iqbal - Director
- Abdul Latif Haji Abdul Hafiz - Director
Asif Spinners reported a net profit of ₹26.65 Lakh (net margin 1.9%) and EBITDA of ₹63.56 Lakh (EBITDA margin 4.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Asif Spinners is 52% over three years and 22% over five years. In the latest year (FY 2024) revenue rose 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Asif Spinners is 27AAICA9117H1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Asif Spinners is U17200MH2010PTC209071. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asif Spinners has 3 court cases on record: 3 filed by the company. 1 is pending.
Asif Spinners was incorporated on 15 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Asif Spinners by revenue are Satyam Cotspin Private Limited, Glowknit Private Limited, Canary Apparels Private Limited, Dayanand Textile Industries Private Limited, Cotton Concept (India) Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Mohammad Ateeque Ansari ceased to be Director on 10 Oct 2013. Asif Iqbal Abdul Latif Ansari was appointed as Director on 02 Apr 2012. Ayesha Abdul Lateef was appointed as Director on 02 Apr 2012. Asif Spinners has 6 board changes on record in total.