Boston Garments Private Limited
About Boston Garments Private Limited
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Boston Garments Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 26 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18204MH2012PTC238286. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Salil Vishwas Utagi and Srinivas Nagesh Gowda.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Gala No. 01 1st Flr Raza Estate Opp. Bmc School A.G. Link Road Mohili Village Sakinaka, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2016, the company reported a revenue of ₹190.58 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹96.5 Lakh (net margin 0.5%) and EBITDA of ₹1.67 Cr (EBITDA margin 0.9%).
As per MCA filings, the company has open charges of ₹18 Cr on record. Court records list 12 cases involving the company, including 2 filed by the company and 10 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Boston Garments Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGala No. 01 1st Flr Raza Estate Opp. Bmc School A.G. Link Road Mohili Village Sakinaka, Mumbai, Maharashtra, India – 400072
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Boston Garments 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
Business activity
The main business activity of Boston Garments is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Boston Garments Private Limited, buy the company report.
Financials of Boston Garments Private Limited
FY 2016 filings availableBoston Garments Private Limited reported revenue of ₹190.58 Cr (up 9% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year. EBITDA fell 20% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹190.58 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.67 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹96.5 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.9% | |
| Net Profit Margin | 0.5% | |
| 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 Boston Garments Private Limited, buy the company report.
Board of directors of Boston Garments Private Limited
Boston Garments has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Salil Vishwas Utagi | Director | 26 Nov 2012 | 13 Years 10 Months | Current |
| Srinivas Nagesh Gowda | Director | 26 Nov 2012 | 13 Years 10 Months | Current |
Peer comparison
Boston Garments Private Limited is compared with the 6 companies closest to it by revenue in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Modak Dyeing & Printing Company Private Limited | ₹202.88 Cr (FY 2020) | 149.0% | Malerkotla, Punjab, India | |||
| Permeshwar Fashions Impex Private Limited | ₹196.15 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Boston Garments Private Limitedthis company | ₹190.58 Cr (FY 2016) | ₹96.5 Lakh | 0.5% | 9.0% | Mumbai, Maharashtra, India | |
| Zodiac Clothing Company Limited | ₹187.82 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Ranger Apparel Export Private Limited | ₹181.05 Cr (FY 2025) | 1.0% | Bangalore, Karnataka, India | |||
| Clothing Culture Private Limited | ₹178.14 Cr (FY 2025) | -11.0% | Mumbai, Maharashtra, India | |||
| Octave Clothing Private Limited | ₹174.43 Cr (FY 2025) | 4.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Boston Garments Private Limited, buy the company report.
Auditor
Boston Garments Private Limited is audited by KATARIYA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KATARIYA & ASSOCIATES | FY 2016 | 132345W |
Shareholding
The shareholding of Boston Garments Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Boston Garments Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jun 2017 | 100105555 | Others | ₹10 Cr | Open | |
| 04 Apr 2016 | 100040906 | Others | ₹8 Cr | Open |
To see the full charge records of Boston Garments Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Boston Garments Private Limited has 12 court cases on record: 2 filed by Boston Garments, 10 filed against it. 3 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 9 | 2 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Omkara Assets Reconstruction Private Limited Its Authorized Officer Mr Ashih Nania | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by The Lakshmi Vilas Bank Ltd and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by The Lakshmi Vilas Bank Limited Th. Love Varshney | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
To see the full case history of Boston Garments 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 Boston Garments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Boston Garments 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 Boston Garments Private Limited, buy the company report.
Recent activity
Boston Garments Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Prabhakar Mahindra Shetty ceased to be Additional Director on 20 Jul 2016.
Frequently asked questions
Boston Garments is an active private limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 26 November 2012 (14+ years old) and is registered under CIN U18204MH2012PTC238286.
Boston Garments has 2 current directors:
- Salil Vishwas Utagi - Director
- Srinivas Nagesh Gowda - Director
The latest financial statements of Boston Garments on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Boston Garments has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Boston Garments is U18204MH2012PTC238286. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Boston Garments has 12 court cases on record: 2 filed by the company and 10 filed against it. 3 are pending. Most are in the district courts.
Boston Garments was incorporated on 26 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Boston Garments by revenue are Modak Dyeing & Printing Company Private Limited, Permeshwar Fashions Impex Private Limited, Zodiac Clothing Company Limited, Ranger Apparel Export Private Limited, Clothing Culture Private Limited and 1 more, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Prabhakar Mahindra Shetty ceased to be Additional Director on 20 Jul 2016. Salil Vishwas Utagi was appointed as Director on 26 Nov 2012. Srinivas Nagesh Gowda was appointed as Director on 26 Nov 2012.
The registered office of Boston Garments is at Gala No. 01 1st Flr Raza Estate Opp. Bmc School A.G. Link Road Mohili Village Sakinaka, Mumbai, Maharashtra, India – 400072.
Boston Garments operates in the fashion and textile industry, in the designer and branded fashion segment.