About Cotton County Retail Limited
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Cotton County Retail Limited was a public limited company based in Ludhiana, 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 designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 05 November 2001.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U51311PB2001PLC024753. Its GSTIN is 03AABCC7574P1Z9 (Punjab). The company held 3 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹30.5 Cr and a paid-up capital of ₹21.46 Cr. It was formerly known as Creative Textrade Limited and Creative Textrade Private Limited. It was led by directors including Manisha Gupta and Dinesh Gogna.
Its last annual general meeting (AGM) was held on 26 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Premises Of Nahar Industrial Enterprises Limited Focal Point, Ludhiana, Punjab, India – 141010.
As per the financials filed for FY 2022, the company reported a revenue of ₹65.1 Lakh, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹35.59 Lakh (net margin -54.7%) and EBITDA of -₹33.72 Lakh (EBITDA margin -51.8%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 57% over five years.
The company had about 3 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Cotton County and NAHAR Group. Court records list 94 cases involving the company, including 51 filed by the company and 46 filed against it; 1 case is pending. The company has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹189.82 Cr; the latest was in January 2019. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 8 overdue payments to 6 micro and small suppliers.
The last known website on record is owmnahar.com.
Company details
Name history
Cotton County Retail has undergone 3 name changes throughout its history. The company was previously known as Creative Textrade Limited, Creative Textrade Private Limited, and Nahar Retail Limited. The current legal name is Cotton County Retail Limited.
| Company Name | Status |
|---|---|
| Cotton County Retail Limited | Current |
| Creative Textrade Limited | Previous |
| Creative Textrade Private Limited | Previous |
| Nahar Retail Limited | Previous |
CIN history
Cotton County Retail has one previous CIN (Corporate Identification Number): U51311PB2001PTC024753. The current CIN is U51311PB2001PLC024753, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51311PB2001PLC024753 | Current |
| U51311PB2001PTC024753 | Previous |
Contact details
Cotton County Retail Limited's registered office is in Ludhiana, Punjab. Its website is owmnahar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPremises Of Nahar Industrial Enterprises Limited Focal Point, Ludhiana, Punjab, India – 141010
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Cotton County Retail 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
Brands
Cotton County Retail operates two associated brands: Cotton County and NAHAR Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Technology and infrastructure services are provided to businesses. | cottoncounty.in | |
| Fabrics and garments are contract-manufactured by NAHAR Group. | owmnahar.com |
Business activity
The main business activity of Cotton County Retail 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 Cotton County Retail Limited, buy the company report.
Financials of Cotton County Retail Limited
FY 2022 filings availableCotton County Retail Limited reported revenue of ₹65.1 Lakh (down 21% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 21% fall in the latest year. EBITDA rose 77% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹65.1 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹33.72 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹35.59 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -51.8% | ||||
| Net Profit Margin | -54.7% | ||||
| 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 Cotton County Retail Limited, buy the company report.
Board of directors and KMP of Cotton County Retail Limited
Cotton County Retail Limited currently reports 5 directors and 1 key managerial person. 19 former directors have served the organization.
Auditor
Cotton County Retail Limited is audited by K R AGGARWAL & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R AGGARWAL & ASSOCIATES | FY 2022 | 030088N |
Shareholding
The shareholding of Cotton County Retail Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cotton County Retail Limited, buy the company report.
Deals & funding
Cotton County Retail Limited has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹189.82 Cr; the latest was in January 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: Sankheshwar Holding Company Limited , Kovalam Investment and Trading Company Limited Seller: Nahar Industrial Enterprises Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: J L.Growth Fund Limited Seller: Nahar Industrial Enterprises Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: J L.Growth Fund Limited |
| Jan 2007 | Funding round | ₹10 Cr | Investors: J L.Growth Fund Limited , Vardhman Investments Ltd , Atam Vallabh Financiers Ltd |
| Mar 2006 | Acquisition | ₹1 Lakh | Buyer: J L.Growth Fund Limited Seller: 2 individuals |
To see the full deal history of Cotton County Retail Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cotton County Retail Limited has 94 court cases on record: 51 filed by Cotton County Retail, 46 filed against it. 1 case is pending and 93 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 68 | 31 | 1 |
| High courts | 24 | 15 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 94)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, UTTARPRADESH | Court case (ARCO) | Filed against the company by M/S Panchwati Sales Pvt. Ltd. and Another | Disposed |
| District court, Jalpaiguri, West Bengal | Interim or miscellaneous application | Filed against the company by Ms Peanuts Retail Pvt.Ltd | Disposed |
| District court, Unnao, Uttar Pradesh | Court case (Caveat) | Filed against the company by Cotton County Retail Ltd. | Disposed |
| District court, Unnao, Uttar Pradesh | Court case (Caveat) | Filed by the company against Cotton County Retail Ltd. | Disposed |
| District court, Barabanki, Uttar Pradesh | Court case (Mnc) | Filed against the company by Cotton County Retail Limited Through Ms Narain Fa | Disposed |
To see the full case history of Cotton County Retail 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
Cotton County Retail Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 8 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Prakash Labels Private Limited | |||
| Fashion Accessories India Private Limited | |||
| Idma Laboratories Limited. |
To see the full MSME payment records of Cotton County Retail Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Cotton County Retail Limited has a workforce of 3 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Cotton County Retail has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCC7574P1Z9 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cotton County Retail Limited, buy the company report.
Recent activity
Cotton County Retail Limited has 22 board changes on record since 2002: 6 appointments and 16 cessations. The latest: Suresh Kumar Singla ceased to be Additional Director on 26 Sep 2022.
13 earlier events are in the company report.
News
Frequently asked questions
Cotton County Retail 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.
Cotton County Retail was a public limited company based in Ludhiana, Punjab, India. The company worked in designer and branded fashion, within the fashion and textile industry. It was incorporated on 05 November 2001 and is registered under CIN U51311PB2001PLC024753. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Cotton County Retail was incorporated on 05 November 2001. It is registered with the Registrar of Companies, Chandigarh.
Cotton County Retail had 6 directors and KMP:
- Manisha Gupta - Director
- Dinesh Gogna - Director
- Suresh Kumar Singla - Director
- Rishabh Oswal - Director
- Bharat Bhushan Gupta - Director
- Som Garg - Cfo
The CIN (Corporate Identification Number) of Cotton County Retail is U51311PB2001PLC024753. 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 Cotton County Retail is at Premises Of Nahar Industrial Enterprises Limited Focal Point, Ludhiana, Punjab, India – 141010.
Cotton County Retail can be reached through the website owmnahar.com. Its registered office is in Ludhiana, Punjab, India.
The latest financial statements of Cotton County Retail on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 26 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Cotton County Retail is 03AABCC7574P1Z9, registered in Punjab. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
Cotton County Retail operated in the fashion and textile industry, in the designer and branded fashion segment.
Cotton County Retail has 8 deals on record (5 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹189.82 Cr; the latest was in January 2019.
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