Finewear Leathers Private Limited
About Finewear Leathers Private Limited
Data last updated:
Finewear Leathers Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the leather goods manufacturing segment of the consumer goods sector. It was incorporated on 24 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U19112TN2004PTC052802. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹60 Lakh. It is led by directors including Adhi Kabilan and Ramani.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No.1 2nd Street Patel Nagar Mudichur Road West Tambaram, Chennai, Tamil Nadu, India – 600045.
As per the financials filed for FY 2020, the company reported a revenue of ₹40.83 Lakh, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹23.1 Lakh (net margin -56.6%) and EBITDA of ₹14.09 Lakh (EBITDA margin 34.5%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 45% over five years.
As per MCA filings, the company has open charges of ₹5.43 Cr and satisfied charges of ₹1.65 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Finewear Leathers Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo.1 2nd Street Patel Nagar Mudichur Road West Tambaram, Chennai, Tamil Nadu, India – 600045
- IndustryConsumer Goods, Leather Goods Manufacturing
To see the full contact details of Finewear Leathers 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 Finewear Leathers Private Limited
FY 2022 filings availableFinewear Leathers Private Limited reported revenue of ₹40.83 Lakh (down 78% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 45% over five years, including a 78% fall in the latest year. EBITDA rose 118% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹14.09 Lakh | ||||
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| Net Profit (PAT) | -₹23.1 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA Margin | 34.5% | ||||
| Net Profit Margin | -56.6% | ||||
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To see the full financial statements and ratios of Finewear Leathers Private Limited, buy the company report.
Board of directors of Finewear Leathers Private Limited
Finewear Leathers has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Adhi Kabilan | Director | 24 Mar 2004 | 22 Years 6 Months | Current |
| Ramani Also directs: Pamban Leather Exports Private Limited | Director | 24 Mar 2004 | 22 Years 6 Months | Current |
| Chandra | Director | 01 Oct 2004 | 22 Years 0 Months | Current |
Shareholding
The shareholding of Finewear Leathers Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Finewear Leathers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Feb 2007 | 10040908 | State Bank of India | ₹5.43 Cr | Open | |
| 30 Jan 2006 | 90291062 | The Tamilnadu Ind. Inv. Co. Ltd | ₹50 Lakh | Satisfied | |
| 10 Nov 2004 | 90289209 | Canara Bank | ₹25 Lakh | Satisfied | |
| 09 Apr 2001 | 90292949 | The Tamilnadu Industrial Investment Corporation Limited | ₹90 Lakh | Satisfied |
To see the full charge records of Finewear Leathers Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Finewear Leathers Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kancheepuram, Tamil Nadu | Criminal miscellaneous application | Filed against the company by State Bank of India Rep.By Its Author.Offcer. Vidyasagar K | Disposed |
| District court, Chengalpattu, Tamil Nadu | Criminal miscellaneous application | Filed against the company by State Bank of India Rep.By Its Author.Offcer. Vidyasagar K | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by Rajesh Corporation -Rep. by Its Partner | Disposed |
To see the full case history of Finewear Leathers 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 Finewear Leathers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Finewear Leathers 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 Finewear Leathers Private Limited, buy the company report.
Recent activity
Finewear Leathers Private Limited has 3 board changes on record since 2004: 3 appointments. The latest: Chandra was appointed as Director on 01 Oct 2004.
3 earlier events are in the company report.
Frequently asked questions
Finewear Leathers is an active private limited company based in Chennai, Tamil Nadu, India. The company works in leather goods manufacturing, within the consumer goods industry. It was incorporated on 24 March 2004 (22+ years old) and is registered under CIN U19112TN2004PTC052802.
Finewear Leathers has 3 current directors:
- Adhi Kabilan - Director
- Ramani - Director
- Chandra - Director
The latest financial statements of Finewear Leathers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Finewear Leathers has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Finewear Leathers is U19112TN2004PTC052802. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finewear Leathers has 3 court cases on record: 3 filed against it.
Finewear Leathers was incorporated on 24 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
Chandra was appointed as Director on 01 Oct 2004. Adhi Kabilan was appointed as Director on 24 Mar 2004. Ramani was appointed as Director on 24 Mar 2004.
The registered office of Finewear Leathers is at No.1 2nd Street Patel Nagar Mudichur Road West Tambaram, Chennai, Tamil Nadu, India – 600045.
Finewear Leathers operates in the consumer goods industry, in the leather goods manufacturing segment.