Bhalara Cotton Private Limited
About Bhalara Cotton Private Limited
Data last updated:
Bhalara Cotton Private Limited is a private limited company based in Gondal, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 01 November 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ2002PTC041523. Its GSTIN is 24AACCB0704F1ZG (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.58 Cr. It is led by directors Bipinchandra Chandulal Ranpariya and Jitendra Popatlal Bhalara.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Vallabhnagar Societyjetpur Road, Gondal, Gujarat, India – 360311.
As per the financials filed for FY 2015, the company reported a revenue of ₹128.16 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹23.25 Lakh (net margin 0.2%) and EBITDA of ₹2.29 Cr (EBITDA margin 1.8%).
As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹59.4 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Bhalara Cotton Private Limited's registered office is in Gondal, Gujarat. Its telephone number is in the company report.
- Telephone
- Registered AddressVallabhnagar Societyjetpur Road, Gondal, Gujarat, India – 360311
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Bhalara Cotton 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 Bhalara Cotton Private Limited
FY 2015 filings availableBhalara Cotton Private Limited reported revenue of ₹128.16 Cr (up 32% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 32% in the latest year. EBITDA fell 29% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹128.16 Cr |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹2.29 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹23.25 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 1.8% |
| Net Profit Margin | 0.2% |
| 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 Bhalara Cotton Private Limited, buy the company report.
Board of directors of Bhalara Cotton Private Limited
Bhalara Cotton has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bipinchandra Chandulal Ranpariya | Director | 06 Sep 2010 | 16 Years 1 Months | Current |
| Jitendra Popatlal Bhalara | Director | 01 Nov 2002 | 23 Years 11 Months | Current |
Auditor
Bhalara Cotton Private Limited is audited by R. N. Vekariya & Associates for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. N. Vekariya & Associates | FY 2015 |
Shareholding
The shareholding of Bhalara Cotton Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Bhalara Cotton Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Nov 2013 | 10460984 | Kotak Mahindra Bank Limited | ₹15 Cr | Open | |
| 15 Oct 2013 | 10462296 | Kotak Mahindra Bank Limited | ₹15 Cr | Open | |
| 05 Nov 2012 | 10390745 | State Bank of India | ₹34.9 Cr | Satisfied | |
| 08 May 2012 | 10358504 | Dena Bank | ₹9.5 Cr | Satisfied | |
| 16 Sep 2010 | 10245327 | Kotak Mahindra Bank Limited | ₹7.5 Cr | Satisfied |
To see the full charge records of Bhalara Cotton Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Bhalara Cotton Private Limited has 9 court cases on record: 3 filed by Bhalara Cotton, 6 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 0 |
| High courts | 4 | 2 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed against the company by Olam Agro India Pvt. Ltd. | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Olam Agro India Pvt. Ltd. | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Kadvani Forge Ltd | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed against the company by M/S Kotak Mahindra Bank Ltd Rep.By Irfan Sheriff | Disposed |
| District court, RAJKOT, Gujarat | Civil suit | Filed by the company against Kotak Mahindra Bank Ltd. | Disposed |
To see the full case history of Bhalara Cotton 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.
Credit ratings & regulatory alerts
Bhalara Cotton Private Limited was last rated by Icra on 25 Jan 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 25 Jan 2019 |
To see the full credit ratings and regulatory alerts of Bhalara Cotton Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bhalara Cotton Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bhalara Cotton Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Bhalara Cotton has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCB0704F1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhalara Cotton Private Limited, buy the company report.
Recent activity
Bhalara Cotton Private Limited has 4 board changes on record since 2002: 2 appointments and 2 cessations. The latest: Rajeshkumar Batukbhai Sorathiya ceased to be Director on 13 Sep 2013.
8 earlier events are in the company report.
Frequently asked questions
Bhalara Cotton is an active private limited company based in Gondal, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 01 November 2002 (24+ years old) and is registered under CIN U17119GJ2002PTC041523.
Bhalara Cotton has 2 current directors:
- Bipinchandra Chandulal Ranpariya - Director
- Jitendra Popatlal Bhalara - Director
The latest financial statements of Bhalara Cotton on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhalara Cotton is 24AACCB0704F1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Bhalara Cotton is U17119GJ2002PTC041523. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhalara Cotton has 9 court cases on record: 3 filed by the company and 6 filed against it. 2 are pending. Most are in the district courts.
Bhalara Cotton was incorporated on 01 November 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rajeshkumar Batukbhai Sorathiya ceased to be Director on 13 Sep 2013. Utpal Savalia Batukbhai ceased to be Whole-Time Director on 05 Oct 2010. Bipinchandra Chandulal Ranpariya was appointed as Director on 06 Sep 2010. Bhalara Cotton has 4 board changes on record in total.
The registered office of Bhalara Cotton is at Vallabhnagar Societyjetpur Road, Gondal, Gujarat, India – 360311.
Bhalara Cotton operates in the manufacturing industry, in the textile and fabric production segment.