Girnar Fibres Ltd
About Girnar Fibres Ltd
Data last updated:
Girnar Fibres Ltd is a public limited company based in Ludhiana, Punjab, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 06 December 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17115PB1990PLC010880. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹15.67 Cr. It is led by directors including Jatinder Jain (Managing Director) and Gulshan Kumar Jain (Whole-Time Director).
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 # Guru Nanak Dev Nagarstreet No 6 Basti Jodhewal, Ludhiana, Punjab, India – 141007.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.91 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹28.1 Cr and EBITDA of ₹70.01 Lakh (EBITDA margin 24.1%).
As per MCA filings, the company has open charges of ₹29.31 Cr on record. Court records list 29 cases involving the company, including 15 filed by the company and 14 filed against it; 9 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Girnar Fibres has one previous CIN (Corporate Identification Number): L17115PB1990PLC010880. The current CIN is U17115PB1990PLC010880, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17115PB1990PLC010880 | Current |
| L17115PB1990PLC010880 | Previous |
Contact details
Girnar Fibres Ltd's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address# Guru Nanak Dev Nagarstreet No 6 Basti Jodhewal, Ludhiana, Punjab, India – 141007
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Girnar Fibres Ltd, 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 Girnar Fibres 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 |
To see the full business activity and turnover split of Girnar Fibres Ltd, buy the company report.
Financials of Girnar Fibres Ltd
FY 2017 filings availableGirnar Fibres Ltd reported revenue of ₹2.91 Cr (down 8% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year. EBITDA rose 38% in the latest 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 | ₹2.91 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹70.01 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹28.1 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 | 24.1% | ||
| 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 | |||
To see the full financial statements and ratios of Girnar Fibres Ltd, buy the company report.
Board of directors of Girnar Fibres Ltd
Girnar Fibres has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jatinder Jain Also directs: Girnar Fabrics India Private Limited | Managing Director | 06 Dec 1990 | 35 Years 10 Months | Current |
| Gulshan Kumar Jain Also directs: Girnar Capital Trust Ltd | Whole-Time Director | 06 Dec 1990 | 35 Years 10 Months | Current |
| Rajeev Pahwa Also directs: Ralson Castings Limited | Director | 01 Aug 2009 | 17 Years 2 Months | Current |
Peer comparison
Girnar Fibres Ltd is compared with the 8 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pahadimata Cloth Private Limited | ₹2.91 Cr (FY 2021) | -47.0% | Kolkata, West Bengal, India | |||
| Bez Etail Private Limited | ₹2.91 Cr (FY 2025) | -43.0% | New Delhi, Delhi, India | |||
| Trimline Goods & Services Pvt. Ltd. | ₹2.91 Cr (FY 2025) | 119.0% | Kolkata, West Bengal, India | |||
| Deepshikha Overseas Private Limited | ₹2.91 Cr (FY 2024) | -32.0% | Delhi, India | |||
| Girnar Fibres Ltdthis company | ₹2.91 Cr (FY 2017) | -₹28.1 Cr | -8.0% | Ludhiana, Punjab, India | ||
| Swadharma Corporate International Private Limited | ₹2.91 Cr (FY 2020) | -63.0% | Amritsar, Punjab, India | |||
| Deomart Brands Private Limited | ₹2.9 Cr (FY 2025) | 20.0% | Kolkata, West Bengal, India | |||
| Navtex Commercial Private Limited | ₹2.9 Cr (FY 2025) | -41.0% | Kanpur, Uttar Pradesh, India | |||
| Antheia Fashions Private Limited | ₹2.9 Cr (FY 2024) | -50.0% | Delhi, India |
To see the full peer comparison of Girnar Fibres Ltd, buy the company report.
Auditor
Girnar Fibres Ltd is audited by VARDHMAN JAIN & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VARDHMAN JAIN & ASSOCIATES | FY 2017 | 023763N |
Shareholding
The shareholding of Girnar Fibres Ltd 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 Girnar Fibres Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jul 1999 | 90169224 | Others | ₹34.29 Lakh | Open | |
| 24 Mar 1998 | 90169049 | Others | ₹12.44 Cr | Open | |
| 23 Aug 1995 | 90168747 | Others | ₹5 Cr | Open | |
| 26 May 1994 | 90167404 | The Icfi Ltd. | ₹1.25 Cr | Open | |
| 11 Jan 1994 | 90168598 | State Bank of India | ₹1.7 Cr | Open |
To see the full charge records of Girnar Fibres Ltd, buy the company report.
Total charge records: 8 View all charges
Legal cases
Girnar Fibres Ltd has 29 court cases on record: 15 filed by Girnar Fibres, 14 filed against it. 9 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 6 | 2 |
| High courts | 11 | 6 | 3 |
| NCLAT | 5 | 1 | 4 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Revision petition | Filed against the company by Proma Industries Ltd | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Proma Industries Limited | Pending |
| District court, Chandigarh | Court case (CS CJ) | Filed by the company against Ifcl Ltd and Another | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Proma Industries Limited and 1 other | Disposed |
| District court, Chandigarh | Court case (MCA DJ) | Filed by the company against Ifci Ltd. and 1 other | Disposed |
To see the full case history of Girnar Fibres Ltd, 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 Girnar Fibres Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Girnar Fibres 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 Girnar Fibres Ltd, buy the company report.
Recent activity
Girnar Fibres Ltd has 6 board changes on record since 1990: 3 appointments and 3 cessations. The latest: Rajeev Pahwa was appointed as Director on 01 Aug 2009.
12 earlier events are in the company report.
Frequently asked questions
Girnar Fibres is an active public limited company based in Ludhiana, Punjab, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 06 December 1990 (36+ years old) and is registered under CIN U17115PB1990PLC010880.
Girnar Fibres has 3 current directors:
- Jatinder Jain - Managing Director
- Gulshan Kumar Jain - Whole-Time Director
- Rajeev Pahwa - Director
The latest financial statements of Girnar Fibres 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. Girnar Fibres has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Girnar Fibres is U17115PB1990PLC010880. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Girnar Fibres has 29 court cases on record: 15 filed by the company and 14 filed against it. 9 are pending. Most are in the district courts.
Girnar Fibres was incorporated on 06 December 1990, making it 36+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Girnar Fibres by revenue are Pahadimata Cloth Private Limited, Bez Etail Private Limited, Trimline Goods & Services Pvt. Ltd, Deepshikha Overseas Private Limited, Swadharma Corporate International Private Limited and 3 more, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Rajeev Pahwa was appointed as Director on 01 Aug 2009. Rattan Singh ceased to be Nominee Director on 01 Aug 2009. Naresh Saluja ceased to be Nominee Director on 31 Jul 2008. Girnar Fibres has 6 board changes on record in total.
The registered office of Girnar Fibres is at # Guru Nanak Dev Nagarstreet No 6 Basti Jodhewal, Ludhiana, Punjab, India – 141007.
Girnar Fibres operates in the home and lifestyle industry, in the textile retail and distribution segment.