About Avataar Textrend Private Limited
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Avataar Textrend Private Limited was a private limited company based in Karur, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 26 November 2013.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U17299TN2013PTC093889. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹97.5 Lakh. It was led by directors Thuvarapalayam Viswanathan Chandrasekaran and Kandasamy Sivasamy.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at No.C – 15 Karur Textile Park Thalappatti Village Madurai Bye Pass Road, Tamil Nadu, India – 639003.
As per the financials filed for FY 2017, the company reported a revenue of ₹66.77 Lakh, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹41.69 Lakh (net margin -62.4%) and EBITDA of -₹55.76 Lakh (EBITDA margin -83.5%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
As per MCA filings, the company had satisfied charges of ₹2 Cr on record.
The last known website on record is avataartextrend.in.
Company details
Contact details
Avataar Textrend Private Limited's registered office is in Karur, Tamil Nadu. Its website is avataartextrend.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.C – 15 Karur Textile Park Thalappatti Village Madurai Bye Pass Road, Tamil Nadu, India – 639003
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Avataar Textrend 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 Avataar Textrend Private Limited
FY 2023 filings availableAvataar Textrend Private Limited reported revenue of ₹66.77 Lakh (down 80% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 80% fall 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹66.77 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹55.76 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹41.69 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -83.5% | ||
| Net Profit Margin | -62.4% | ||
| 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 Avataar Textrend Private Limited, buy the company report.
Board of directors of Avataar Textrend Private Limited
Avataar Textrend 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 |
|---|---|---|---|---|
| Thuvarapalayam Viswanathan Chandrasekaran Also directs: Handloom Export Promotion Council | Director | 26 Nov 2013 | 12 Years 11 Months | As last reported |
| Kandasamy Sivasamy | Director | 27 Mar 2015 | 11 Years 6 Months | As last reported |
Auditor
Avataar Textrend Private Limited is audited by K S PALANISAMY & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S PALANISAMY & CO | FY 2017 | 008811S |
Shareholding
The shareholding of Avataar Textrend Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Avataar Textrend Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Aug 2015 | 10602274 | Lakshmi Vilas Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Avataar Textrend Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Avataar Textrend 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 Avataar Textrend Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avataar Textrend Private Limited has 2 active EPFO establishments as of Apr 02, 2024.
GST
Avataar Textrend has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Avataar Textrend Private Limited, buy the company report.
Recent activity
Avataar Textrend Private Limited has 5 board changes on record since 2013: 2 appointments and 3 cessations. The latest: Kandasamy Sivasamy ceased to be Additional Director on 28 Sep 2015.
Frequently asked questions
Avataar Textrend has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Avataar Textrend was a private limited company based in Karur, Tamil Nadu, India. The company worked in designer and branded fashion, within the fashion and textile industry. It was incorporated on 26 November 2013 and is registered under CIN U17299TN2013PTC093889. The company has been struck off by the Registrar of Companies and is no longer operational.
Avataar Textrend had 2 directors:
- Thuvarapalayam Viswanathan Chandrasekaran - Director
- Kandasamy Sivasamy - Director
The CIN (Corporate Identification Number) of Avataar Textrend is U17299TN2013PTC093889. 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 Avataar Textrend is at No.C – 15 Karur Textile Park Thalappatti Village Madurai Bye Pass Road, Tamil Nadu, India – 639003.
Avataar Textrend was incorporated on 26 November 2013. It is registered with the Registrar of Companies, Chennai.
Avataar Textrend can be reached through the website avataartextrend.in. Its registered office is in Karur, Tamil Nadu, India.
The latest financial statements of Avataar Textrend on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Avataar Textrend has 1 GST registration on record and it is cancelled or inactive.
Avataar Textrend operated in the fashion and textile industry, in the designer and branded fashion segment. It worked in this industry before it was struck off.