Fine Spinners Private Limited
About Fine Spinners Private Limited
Data last updated:
Fine Spinners Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the real estate financing segment of the financial services sector. It was incorporated on 11 May 1973.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U17111MH1973PTC016546.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.12 Lakh. It was led by directors including Vikram Dharampal Seth and Pramilla Seth.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Flat No.8 8th Floor Om Ratan Chsl 70 Sir Pochkhanwala Road, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2023, the company reported a revenue of ₹86,790, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹24.78 Lakh and EBITDA of -₹24.34 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 37% over five years.
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- Registered AddressFlat No.8 8th Floor Om Ratan Chsl 70 Sir Pochkhanwala Road, Mumbai, Maharashtra, India – 400018
- IndustryFinancial Services, Real Estate Financing
- 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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Financials of Fine Spinners Private Limited FY 2023 filings available
Fine Spinners Private Limited reported revenue of ₹86,790 (up 10749% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Fine Spinners Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years. 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 of Fine Spinners Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹86,790 | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹24.34 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹24.78 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 of Fine Spinners Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Fine Spinners are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Fine Spinners Private Limited
Fine Spinners Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Real Estate Leasing). Its own revenue is ₹86,790.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Darshika Holding & Estate Developers Private Limited | ₹88,214 | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Shubhdeep Finvest Pvt Ltd | ₹88,000 | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Lalbag Properties Pvt Ltd | ₹87,360 | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Aura Logistics Private Limited | ₹87,000 | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Decagon Hi-Tech Private Limited | ₹86,820 | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Fine Spinners Private Limited this company | ₹86,790 | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Arham Buildcon Private Limited | ₹86,586 | •••• | •••• | •••• | - | Delhi, India |
| P.D.Joshi Estate Private Limited | ₹86,400 | •••• | •••• | •••• | - | Delhi, India |
| Gulmarg Estates Pvt Ltd | ₹86,400 | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Sangeeta Overseas Private Limited | ₹86,400 | •••• | •••• | •••• | - | Delhi, India |
| Gaurav Vegpro Private Limited | ₹86,130 | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Fine Spinners by revenue in the BFSI industry (Real Estate Leasing), from the latest filed financials of each company. Net profit, margin and growth of each peer are in the company report.
Auditor Details of Fine Spinners Private Limited
Fine Spinners Private Limited is audited by GOVIND PRASAD AND CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GOVIND PRASAD AND CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Fine Spinners Private Limited
Fine Spinners has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Dharampal Seth Also directs: Ellora Property Services Private Limited, Culture Clothing Private Limited, Culture Uniforms Private Limited and 2 more | Director | 15 Oct 1992 | 33 Years 11 Months | As last reported |
| Pramilla Seth Also directs: Ellora Property Services Private Limited | Director | 12 Aug 2004 | 22 Years 1 Months | As last reported |
| Vivek Seth Dharampal Also directs: Ellora Property Services Private Limited, Culture Clothing Private Limited, Culture Uniforms Private Limited and 2 more | Director | 15 Oct 1992 | 33 Years 11 Months | As last reported |
Ownership and Shareholding of Fine Spinners Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Fine Spinners Private Limited
Fine Spinners Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Fine Spinners Private Limited
Employment history and EPFO contributions of people linked to Fine Spinners.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Fine Spinners Private Limited
Fine Spinners Private Limited has 4 board changes on record since 1992: 3 appointments and 1 cessation. The latest: Dharampaul Banarsidas Seth ceased to be Director on 26 Oct 2015.
Credit Ratings, Litigation & Regulatory Alerts for Fine Spinners Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Fine Spinners Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Fine Spinners Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Fine Spinners Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Fine Spinners Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Fine Spinners Private Limited
Fine Spinners has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Fine Spinners was a private limited company based in Mumbai, Maharashtra, India. The company worked in real estate financing, within the financial services industry. It was incorporated on 11 May 1973 and is registered under CIN U17111MH1973PTC016546. The company has been struck off by the Registrar of Companies and is no longer operational.
Fine Spinners had 3 directors:
- Vikram Dharampal Seth - Director
- Pramilla Seth - Director
- Vivek Seth Dharampal - Director
The CIN (Corporate Identification Number) of Fine Spinners is U17111MH1973PTC016546. 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 Fine Spinners is at Flat No.8 8th Floor Om Ratan Chsl 70 Sir Pochkhanwala Road, Mumbai, Maharashtra, India – 400018.
Fine Spinners was incorporated on 11 May 1973. It is registered with the Registrar of Companies, Mumbai.
Fine Spinners reported revenue of ₹86,790 for FY 2023 (up 10749% YoY).
Fine Spinners has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.12 Lakh.
Fine Spinners reported a net loss of ₹24.78 Lakh and EBITDA of -₹24.34 Lakh for FY 2023, as per its filed financial statements.
Fine Spinners operated in the financial services industry, in the real estate financing segment. It worked in this industry before it was struck off.
The compounded annual growth rate (CAGR) of the revenue of Fine Spinners is -52% over three years and -37% over five years. CAGR is the steady yearly rate that links the first and the last year.