MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-KL-02-0031766
Covema Filaments Ltd - manufacturing in Ernakulam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹2.55 Cr
▲ 33% YoY
Net loss · FY 2019
₹56 Lakh
Net margin -21.9%
EBITDA · FY 2019
-₹64.72 Lakh
EBITDA margin -25.4%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹7.68 Cr
Issued & subscribed
Open charges
₹1.4 Cr
Satisfied ₹4.32 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
1
Provident fund records
About Covema Filaments Ltd
Data last updated:
Covema Filaments Ltd is a public limited company based in Ernakulam, Kerala, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 01 April 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U31501KL1991PLC006019. Its GSTIN is 32AAACC9671N1ZB (Kerala).
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.68 Cr. It is led by directors including Taher Sajjadali Doriwala (Managing Director) and Imran Essofally Lokhandwala.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 14 B Cochin Export Processcsez Kakkanad, Ernakulam, Kerala, India – 682030.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.55 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹56 Lakh (net margin -21.9%) and EBITDA of -₹64.72 Lakh (EBITDA margin -25.4%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 5% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Covema Filaments. As per MCA filings, the company has open charges of ₹1.4 Cr and satisfied charges of ₹4.32 Cr on record. Court records list 16 cases involving the company, including 11 filed by the company and 5 filed against it.
Covema Filaments Ltd is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0031766). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website covemafilaments.com.
Company details
CIN U31501KL1991PLC006019
Registration Number 006019
Incorporation Date 01 April 1991
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KL-02-0031766
Key People
Taher Sajjadali Doriwala Managing Director Imran Essofally Lokhandwala Director Sajjadali Ahmedali Doriwala Director Recognitions & Rankings of Covema Filaments
Contact details
Covema Filaments Ltd's registered office is in Ernakulam, Kerala. Its website is covemafilaments.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address14 B Cochin Export Processcsez Kakkanad, Ernakulam, Kerala, India – 682030
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Covema Filaments Ltd, buy the company report.
Comprehensive company report
Covema Filaments Ltd - one report that includes everything
- 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
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Brands
Covema Filaments operates one associated brand: Covema Filaments. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacture of nylon monofilament fishing lines and related products in India. | covemafilaments.com |
Business activity
The main business activity of Covema Filaments is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Covema Filaments Ltd, buy the company report.
Financials of Covema Filaments Ltd
FY 2018 filings availableCovema Filaments Ltd reported revenue of ₹2.55 Cr (up 33% YoY) for FY 2019.
Revenue · FY 2019
₹2.55 Cr ▲ 33%
Net loss · FY 2019
₹56 Lakh margin -21.9%
EBITDA · FY 2019
-₹64.72 Lakh margin -25.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 7%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 33% growth 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹64.72 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹56 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -25.4% | ||||
| Net Profit Margin | -21.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Covema Filaments Ltd, buy the company report.
Board of directors of Covema Filaments Ltd
Covema Filaments has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Taher Sajjadali Doriwala Also directs: Asdos Industries LLP, Daman Roto-Moulders Private Limited | Managing Director | 20 Jan 2014 | 12 Years 9 Months | Current |
| Imran Essofally Lokhandwala | Director | 12 Nov 2014 | 12 Years 0 Months | Current |
| Sajjadali Ahmedali Doriwala | Director | 13 Feb 2015 | 11 Years 9 Months | Current |
| Hozefa Imran Lokhandwala | Director | 12 Nov 2014 | 12 Years 0 Months | Current |
Peer comparison
Covema Filaments Ltd is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Covema Filaments Ltdthis company | ₹2.55 Cr (FY 2019) | -₹56 Lakh | -21.9% | 33.0% | 1 | Ernakulam, Kerala, India |
| J S K Fab Private Limited | ₹1.93 Cr (FY 2024) | -91.0% | New Delhi, Delhi, India | |||
| Qmax Synthetics Private Limited | ₹1.92 Cr (FY 2025) | 333.0% | Bhiwandi, Maharashtra, India | |||
| Tanushree Textiles Private Limited | ₹1.91 Cr (FY 2024) | 20.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Covema Filaments Ltd, buy the company report.
Auditor
Covema Filaments Ltd is audited by K VENKATACHALAM AIYER & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K VENKATACHALAM AIYER & CO | FY 2019 | 004610S |
Shareholding
The shareholding of Covema Filaments Ltd is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Covema Filaments Ltd, buy the company report.
Charges & borrowings
Open charges
₹1.4 Cr
Satisfied charges
₹4.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Sep 1995 | 90016433 | State Bank of Travancore | ₹75 Lakh | Open | |
| 02 May 1992 | 90015965 | State Bank of Travancore | ₹65 Lakh | Open | |
| 16 Oct 1991 | 90015921 | Industrial Development Bank of India | ₹35 Lakh | Satisfied | |
| 17 Sep 1991 | 90015912 | Industrial Development Bank of India | ₹3.97 Cr | Satisfied |
To see the full charge records of Covema Filaments Ltd, buy the company report.
Total charge records: 4 View all charges
Legal cases
Covema Filaments Ltd has 16 court cases on record: 11 filed by Covema Filaments, 5 filed against it. All cases are disposed.
Total cases
16
Filed by the company
11
Filed against the company
5
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 4 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Court case (Crl.MC) | Filed against the company | Disposed |
| High Court | Court case (OT.Appeal) | Filed by the company against Authority for Clarification of Commercial Taxes | Disposed |
| High Court | Writ petition | Filed by the company against The Asst. Commissioner and 2 others | Disposed |
| High Court | Tax appeal | Filed by the company against Commissioner of Income Tax | Disposed |
| High Court | Writ petition | Filed by the company against State of Kerala and 2 others | Disposed |
To see the full case history of Covema Filaments Ltd, 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 Covema Filaments Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Covema Filaments Ltd has a workforce of 1 employees on its EPFO records as of Jun 2021, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Employee growth
-96.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 1 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Covema Filaments Ltd, buy the company report.
GST
Covema Filaments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACC9671N1ZB | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Covema Filaments Ltd, buy the company report.
Recent activity
Covema Filaments Ltd has 12 board changes on record since 2014: 4 appointments and 8 cessations. The latest: Baquarali Ahmadali Doriwala ceased to be Additional Director on 30 Sep 2016.
AGM
Covema Filaments Ltd last Annual general meeting of members was held on 30 Sep 2018 as per latest MCA records.
Filing
Covema Filaments Ltd has filed its annual Financial statements for the year ended 31 Mar 2018 with Roc Ernakulam.
Ceased
Baquarali Ahmadali Doriwala ceased to be Additional Director.
Ceased
Hozefa Imran Lokhandwala ceased to be Additional Director.
Ceased
Imran Essofally Lokhandwala ceased to be Additional Director.
Ceased
Sajjadali Ahmedali Doriwala ceased to be Additional Director.
Appointed
Sajjadali Ahmedali Doriwala was appointed as Director.
Ceased
Adarsh Deva ceased to be Director.
Appointed
Hozefa Imran Lokhandwala was appointed as Director.
Appointed
Imran Essofally Lokhandwala was appointed as Director.
Ceased
Vinod Behari Sahai ceased to be Director.
Ceased
Taher Sajjadali Doriwala ceased to be Additional Director.
10 earlier events are in the company report.
Frequently asked questions
Covema Filaments is an active public limited company based in Ernakulam, Kerala, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 01 April 1991 (35+ years old) and is registered under CIN U31501KL1991PLC006019.
Covema Filaments has 4 current directors:
- Taher Sajjadali Doriwala - Managing Director
- Imran Essofally Lokhandwala - Director
- Sajjadali Ahmedali Doriwala - Director
- Hozefa Imran Lokhandwala - Director
The latest financial statements of Covema Filaments on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Covema Filaments is 32AAACC9671N1ZB, registered in Kerala.
The CIN (Corporate Identification Number) of Covema Filaments is U31501KL1991PLC006019. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Covema Filaments has 16 court cases on record: 11 filed by the company and 5 filed against it. Most are in the high courts.
Covema Filaments was incorporated on 01 April 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Covema Filaments by revenue are J S K Fab Private Limited, Qmax Synthetics Private Limited, Tanushree Textiles Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (wholesale trading).
Baquarali Ahmadali Doriwala ceased to be Additional Director on 30 Sep 2016. Hozefa Imran Lokhandwala ceased to be Additional Director on 30 Sep 2015. Imran Essofally Lokhandwala ceased to be Additional Director on 30 Sep 2015. Covema Filaments has 12 board changes on record in total.
Yes, Covema Filaments is registered as a micro enterprise under Udyam registration (number: UDYAM-KL-02-0031766).
Covema Filaments can be reached through the website covemafilaments.com. Its registered office is in Ernakulam, Kerala, India.
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