Garnet Textiles Private Limited
About Garnet Textiles Private Limited
Data last updated:
Garnet Textiles Private Limited was a private limited company based in Delhi, India, operated as a subsidiary of Summercool International Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 23 July 2009.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U17200DL2009PTC192535.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹9.76 Lakh. It was led by directors Abhishek Gupta and Sanjeev Kumar Gupta.
Its last annual general meeting (AGM) was held on 05 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 192 S/F Agcr Enclave Shahdara, Delhi, India – 110092.
As per the financials filed for FY 2018, the company reported a revenue of ₹25.43 Lakh, a decline of 63% compared to the previous year. For the same year it recorded a net profit of ₹11.53 Lakh (net margin 45.3%) and EBITDA of ₹16.45 Lakh (EBITDA margin 64.7%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years.
Company details
Contact details
Garnet Textiles Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address192 S/F Agcr Enclave Shahdara, Delhi, India – 110092
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Garnet Textiles 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 Garnet Textiles 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 |
Financials of Garnet Textiles Private Limited
FY 2018 filings availableGarnet Textiles Private Limited reported revenue of ₹25.43 Lakh (down 63% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 52% over three years, including a 63% fall in the latest year. EBITDA rose 278% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹25.43 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹16.45 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹11.53 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 64.7% | |||
| Net Profit Margin | 45.3% | |||
| 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 Garnet Textiles Private Limited, buy the company report.
Board of directors of Garnet Textiles Private Limited
Garnet Textiles has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Gupta Also directs: Summercool India Private Limited, Summercool International Limited, Summercool Technologies Limited and 5 more | Director | 06 Aug 2018 | 8 Years 2 Months | As last reported |
| Sanjeev Kumar Gupta Also directs: SRG Brothers Realty LLP, Evergreen Fulfillment LLP, Summercool India Private Limited and 5 more | Director | 06 Aug 2018 | 8 Years 2 Months | As last reported |
Auditor
Garnet Textiles Private Limited is audited by N KISHOR & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N KISHOR & CO | FY 2018 | 025213N |
Shareholding
The shareholding of Garnet Textiles Private Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Garnet Textiles Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Garnet Textiles Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Garnet Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Garnet Textiles Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Garnet Textiles Private Limited has 12 board changes on record since 2009: 2 appointments and 10 cessations. The latest: Adesh Kumar Garg ceased to be Director on 07 Aug 2018.
3 earlier events are in the company report.
Frequently asked questions
Garnet Textiles has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Garnet Textiles was a private limited company based in Delhi, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 23 July 2009 and is registered under CIN U17200DL2009PTC192535. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Garnet Textiles was incorporated on 23 July 2009. It is registered with the Registrar of Companies, Delhi.
Garnet Textiles had 2 directors:
- Abhishek Gupta - Director
- Sanjeev Kumar Gupta - Director
The CIN (Corporate Identification Number) of Garnet Textiles is U17200DL2009PTC192535. 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 Garnet Textiles is at 192 SF Agcr Enclave Shahdara, Delhi, India – 110092.
The latest financial statements of Garnet Textiles on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 05 September 2018. Year-wise statements from 2015 are in the company report.
Garnet Textiles operated in the home and lifestyle industry, in the textile retail and distribution segment.
Adesh Kumar Garg ceased to be Director on 07 Aug 2018. Anuj Kumar Garg ceased to be Director on 07 Aug 2018. Abhishek Gupta was appointed as Director on 06 Aug 2018. Garnet Textiles has 12 board changes on record in total.
The compliance status of Garnet Textiles is compliant as of 17 September 2026.