Craze Clothing Private Limited
About Craze Clothing Private Limited
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Craze Clothing Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 29 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18204MH2012PTC238341. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1.46 Cr. It is led by directors Gian Chand Sippy and Tarak Natvarlal Mehta.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Navi Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹297.35 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.13 Cr (net margin 0.4%) and EBITDA of ₹1.99 Cr (EBITDA margin 0.7%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years.
As per MCA filings, the company has open charges of ₹4 Cr on record. Court records list 5 cases involving the company, including 5 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
Craze Clothing Private Limited's registered office is in Navi Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 1607 & 1608 16th Floor Cyber One Plot No. 4 & 6 Sector – 30A Va, Shi, Navi Mumbai, Maharashtra, India – 400703
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Craze Clothing 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 Craze Clothing Private Limited
FY 2017 filings availableCraze Clothing Private Limited reported revenue of ₹297.35 Cr (up 4% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over three years, including 4% growth in the latest year. EBITDA rose 13% 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 | ₹297.35 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.99 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.13 Cr | ||
| 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 | 0.7% | ||
| Net Profit Margin | 0.4% | ||
| 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 Craze Clothing Private Limited, buy the company report.
Board of directors of Craze Clothing Private Limited
Craze Clothing 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 |
|---|---|---|---|---|
| Tarak Natvarlal Mehta Also directs: Avaya Industries Limited | Additional Director | 24 Sep 2020 | 6 Years 1 Months | Current |
| Gian Chand Sippy | Director | 30 Jan 2018 | 8 Years 9 Months | Current |
Auditor
Craze Clothing Private Limited is audited by KATARIYA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KATARIYA & ASSOCIATES | FY 2017 | 132345W |
Shareholding
The shareholding of Craze Clothing Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Craze Clothing Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Nov 2016 | 100066522 | Others | ₹4 Cr | Open |
To see the full charge records of Craze Clothing Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Craze Clothing Private Limited has 5 court cases on record: 5 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 3 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed against the company by Union Bank of India | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Union Bank of India Th.Mr. Avdhoot P Khandkar | Disposed |
To see the full case history of Craze Clothing 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 Craze Clothing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Craze Clothing 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 Craze Clothing Private Limited, buy the company report.
Recent activity
Craze Clothing Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Suraj Kumar ceased to be Director on 25 Sep 2020.
Frequently asked questions
Craze Clothing is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 29 November 2012 (14+ years old) and is registered under CIN U18204MH2012PTC238341.
Craze Clothing has 2 current directors:
- Tarak Natvarlal Mehta - Additional Director
- Gian Chand Sippy - Director
The latest financial statements of Craze Clothing on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Craze Clothing has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Craze Clothing is U18204MH2012PTC238341. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Craze Clothing has 5 court cases on record: 5 filed against it. 3 are pending.
Craze Clothing was incorporated on 29 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Suraj Kumar ceased to be Director on 25 Sep 2020. Tarak Natvarlal Mehta was appointed as Additional Director on 24 Sep 2020. Gian Chand Sippy was appointed as Director on 30 Jan 2018. Craze Clothing has 4 board changes on record in total.
The registered office of Craze Clothing is at No. 1607 & 1608 16th Floor Cyber One Plot No. 4 & 6 Sector – 30A Va, Shi, Navi Mumbai, Maharashtra, India – 400703.
Craze Clothing operates in the home and lifestyle industry, in the textile retail and distribution segment.
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