About Flaire Apparel Industries Private Limited
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Flaire Apparel Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 16 March 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1983PTC012935. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Ashok Girdharidas Rajani and Suresh Girdhardas Rajan.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 101 Parvati Industrial Estatesunmill Compound Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2018, the company reported a revenue of ₹31.94 Lakh, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹76.35 Lakh (net margin -239.1%) and EBITDA of -₹86.53 Lakh (EBITDA margin -270.9%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years.
As per MCA filings, the company has open charges of ₹75 Lakh and satisfied charges of ₹3 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website midastouchapparel.com.
Company details
Contact details
Flaire Apparel Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is midastouchapparel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address101 Parvati Industrial Estatesunmill Compound Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Flaire Apparel Industries 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
Business activity
The main business activity of Flaire Apparel Industries 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 Flaire Apparel Industries Private Limited, buy the company report.
Financials of Flaire Apparel Industries Private Limited
FY 2018 filings availableFlaire Apparel Industries Private Limited reported revenue of ₹31.94 Lakh (down 94% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 70% over three years, including a 94% fall in the latest year. EBITDA fell 120% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Total Expenses | ||||
| EBITDA | -₹86.53 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹76.35 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -270.9% | |||
| Net Profit Margin | -239.1% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
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| Net Profit Growth | ||||
To see the full financial statements and ratios of Flaire Apparel Industries Private Limited, buy the company report.
Board of directors of Flaire Apparel Industries Private Limited
Flaire Apparel Industries has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Girdharidas Rajani Also directs: HLV Limited, Creative Lifestyles Private Limited, Midas Touch Export Private Limited and 2 more | Director | 21 Jun 1996 | 30 Years 4 Months | Current |
| Suresh Girdhardas Rajan Also directs: Midas Touch Export Private Limited, Vision Apparel Private Limited | Director | 21 Jun 1996 | 30 Years 4 Months | Current |
Auditor
Flaire Apparel Industries Private Limited is audited by GANESH ADUKIA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GANESH ADUKIA & ASSOCIATES | FY 2017 | 142238W |
Shareholding
The shareholding of Flaire Apparel Industries Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Flaire Apparel Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jun 2004 | 90241146 | Vijaya Bank | ₹75 Lakh | Open | |
| 09 Jan 2006 | 90241718 | Domivilio Nagari Sahakari Bank Ltd | ₹3 Cr | Satisfied |
To see the full charge records of Flaire Apparel Industries Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Flaire Apparel Industries Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Chiripal Industries Gajendrasinh Rajesh Chauhan | Disposed |
To see the full case history of Flaire Apparel Industries 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 Flaire Apparel Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Flaire Apparel Industries 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 Flaire Apparel Industries Private Limited, buy the company report.
Recent activity
Flaire Apparel Industries Private Limited has 2 board changes on record since 1996: 2 appointments. The latest: Ashok Girdharidas Rajani was appointed as Director on 21 Jun 1996.
Frequently asked questions
Flaire Apparel Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 16 March 1983 (43+ years old) and is registered under CIN U67120MH1983PTC012935.
Flaire Apparel Industries has 2 current directors:
- Ashok Girdharidas Rajani - Director
- Suresh Girdhardas Rajan - Director
The latest financial statements of Flaire Apparel Industries on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Flaire Apparel Industries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Flaire Apparel Industries is U67120MH1983PTC012935. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flaire Apparel Industries has 1 court case on record: 1 filed against it.
Flaire Apparel Industries was incorporated on 16 March 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashok Girdharidas Rajani was appointed as Director on 21 Jun 1996. Suresh Girdhardas Rajan was appointed as Director on 21 Jun 1996.
Flaire Apparel Industries can be reached through the website midastouchapparel.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Flaire Apparel Industries is at 101 Parvati Industrial Estatesunmill Compound Lower Parel, Mumbai, Maharashtra, India – 400013.
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