MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-20-0003701
Grafax Knitwears Limited
Grafax Knitwears Limited - home & lifestyle in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9.39 Cr
▼ 33% YoY
Net loss · FY 2024
₹2.49 Cr
Net margin -26.5%
EBITDA · FY 2024
-₹1.98 Cr
EBITDA margin -21.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.02 Cr
Issued & subscribed
Open charges
₹42.59 Cr
Satisfied ₹630.18 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
2
Provident fund records
About Grafax Knitwears Limited
Data last updated:
Grafax Knitwears Limited is a public limited company based in Delhi, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 24 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1997PLC085330. Its GSTIN is 07AAACV3918K1Z5 (Delhi). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.02 Cr. It was formerly known as Veena Enterprises Limited. It is led by directors including Rakesh Bajaj and Bhupendra Negi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 81 Vigyan Vihar, Delhi, India – 110092.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.39 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹2.49 Cr (net margin -26.5%) and EBITDA of -₹1.98 Cr (EBITDA margin -21.1%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 31% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹42.59 Cr and satisfied charges of ₹630.18 Cr on record. Court records list 11 cases involving the company, including 2 filed by the company and 9 filed against it; 1 case is pending.
Grafax Knitwears Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0003701). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74899DL1997PLC085330
Registration Number 085330
Incorporation Date 24 February 1997
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-20-0003701
Recognitions & Rankings of Grafax Knitwears
Contact details
Grafax Knitwears Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address81 Vigyan Vihar, Delhi, India – 110092
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Grafax Knitwears Limited, buy the company report.
Comprehensive company report
Grafax Knitwears Limited - one report that includes everything
- 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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Secure checkout · GST invoice included
Business activity
The main business activity of Grafax Knitwears 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 Grafax Knitwears Limited, buy the company report.
Financials of Grafax Knitwears Limited
FY 2024 filings availableGrafax Knitwears Limited reported revenue of ₹9.39 Cr (down 33% YoY) for FY 2024.
Revenue · FY 2024
₹9.39 Cr ▼ 33%
Net loss · FY 2024
₹2.49 Cr margin -26.5%
EBITDA · FY 2024
-₹1.98 Cr margin -21.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 33%
3 years · compounded
▼ 18%
5 years · compounded
▼ 31%
EBITDA CAGR growth
1 year
▼ 6%
3 years · compounded
▼ 46%
5 years · compounded
▼ 26%
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 33% fall in the latest year. EBITDA fell 6% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.49 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -21.1% | ||||
| Net Profit Margin | -26.5% | ||||
| 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 Grafax Knitwears Limited, buy the company report.
Board of directors of Grafax Knitwears Limited
Grafax Knitwears has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Bajaj Also directs: Grafax Cotton Private Limited, Grafax JV Trading Private Limited | Director | 02 Sep 2019 | 7 Years 2 Months | Current |
| Bhupendra Negi | Director | 10 Feb 2020 | 6 Years 8 Months | Current |
| Seema Bajaj Also directs: Grafax Cotton Private Limited, Grafax JV Trading Private Limited, Grafax Textiles Private Limited and 1 more | Director | 18 Feb 2020 | 6 Years 8 Months | Current |
| Veena Manchanda Also directs: Grafax Textiles Private Limited, Grafax Garments Private Limited | Director | 21 Feb 2022 | 4 Years 8 Months | Current |
Peer comparison
Grafax Knitwears Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| MSRM International Trading Private Limited | ₹9.41 Cr (FY 2024) | -73.0% | Hyderabad, Telangana, India | |||
| Grafax Knitwears Limitedthis company | ₹9.39 Cr (FY 2024) | -₹2.49 Cr | -26.5% | -33.0% | 2 | Delhi, India |
| Venus Textile Solutions Private Limited | ₹9.37 Cr (FY 2025) | 3443.0% | Coimbatore, Tamil Nadu, India | |||
| Bhagwati Dupatta House Private Limited | ₹9.35 Cr (FY 2025) | 4.0% | Kanpur, Uttar Pradesh, India |
To see the full peer comparison of Grafax Knitwears Limited, buy the company report.
Auditor
Grafax Knitwears Limited is audited by SHIV & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHIV & ASSOCIATES | FY 2023 | 009989N |
Shareholding
The shareholding of Grafax Knitwears Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Grafax Knitwears Limited, buy the company report.
Charges & borrowings
Open charges
₹42.59 Cr
Satisfied charges
₹630.18 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2024 | 100942880 | Indian Overseas Bank | ₹5 Cr | Open | |
| 19 Jan 2021 | 100414656 | State Bank of India | ₹3.97 Cr | Open | |
| 03 Jun 2020 | 100346044 | State Bank of India | ₹2.9 Cr | Open | |
| 03 Jan 2020 | 100316942 | Others | ₹11 Cr | Open | |
| 22 Mar 2018 | 100176878 | State Bank of India | ₹19.72 Cr | Open |
To see the full charge records of Grafax Knitwears Limited, buy the company report.
Total charge records: 17 View all charges
Legal cases
Grafax Knitwears Limited has 11 court cases on record: 2 filed by Grafax Knitwears, 9 filed against it. 1 case is pending and 10 are disposed.
Total cases
11
Filed by the company
2
Filed against the company
9
Pending
1
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 8 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against 3V International Through Its Proprietor Seema Jain and 2 others | Pending |
| District court, South, Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, South, Delhi | Civil suit | Filed against the company by an individual | Disposed |
| High Court of Delhi | Court case (C.R.P.) | Filed against the company by an individual | Disposed |
| District court, South, Delhi | Court case (RCA SCJ) | Filed by the company against an individual | Disposed |
To see the full case history of Grafax Knitwears 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 Grafax Knitwears Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Grafax Knitwears has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Grafax Cotton Private Limited | U17121DL2006PTC155612 |
To see the full group structure of Grafax Knitwears Limited, buy the company report.
Employees & EPFO
Grafax Knitwears Limited has a workforce of 2 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
GST
Grafax Knitwears has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACV3918K1Z5 | Delhi | Active | 01 Jul 2017 |
| 05AAACV3918K1Z9 | Uttarakhand | Active | 12 Sep 2017 |
| 27AAACV3918K1Z3 | Maharashtra | Active | 30 Jul 2018 |
| 19AAACV3918K1Z0 | West Bengal | Active | 30 Dec 2021 |
To see the full GST registrations and return filing status of Grafax Knitwears Limited, buy the company report.
Recent activity
Grafax Knitwears Limited has 12 board changes on record since 2012: 4 appointments and 8 cessations. The latest: Veena Manchanda was appointed as Director on 21 Feb 2022.
AGM
Grafax Knitwears Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 21 Dec 2020 via Charge ID 100404497 with Indian Overseas Bank was fully satisfied on 15 Jun 2024.
Charges
A charge registered on 06 Jun 2017 via Charge ID 100113289 with Indian Overseas Bank was fully satisfied on 15 Jun 2024.
Charges
A charge registered on 02 Jan 2016 via Charge ID 10622514 with Indian Overseas Bank was fully satisfied on 15 Jun 2024.
Charges
A charge registered on 24 Nov 2012 via Charge ID 10392406 with Indian Overseas Bank(Lead Bank) was fully satisfied on 15 Jun 2024.
Charges
A charge registered on 01 Feb 2008 via Charge ID 10104192 with Indian Overseas Bank was fully satisfied on 15 Jun 2024.
Charges
A charge registered on 01 Feb 2008 via Charge ID 10108170 with Others was fully satisfied on 15 Jun 2024.
Charges
A charge registered on 15 Jun 1998 via Charge ID 90034701 with Indian Overseas Bank was fully satisfied on 15 Jun 2024.
Charges
A charge with Indian Overseas Bank amounted to Rs. 5.00 Cr with Charge ID 100942880 was registered on 22 May 2024.
Filing
Grafax Knitwears Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Indian Overseas Bank of Rs. 97.08 Cr registered on 06 Jun 2017 with Charge ID 100113289 was modified on 19 Jan 2023.
Charges
A charge with Others of Rs. 11.00 Cr registered on 03 Jan 2020 with Charge ID 100316942 was modified on 14 Mar 2022.
40 earlier events are in the company report.
Frequently asked questions
Grafax Knitwears is an active public limited company based in Delhi, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 24 February 1997 (29+ years old) and is registered under CIN U74899DL1997PLC085330.
Grafax Knitwears has 4 current directors:
- Rakesh Bajaj - Director
- Bhupendra Negi - Director
- Seema Bajaj - Director
- Veena Manchanda - Director
The latest financial statements of Grafax Knitwears on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Grafax Knitwears is 07AAACV3918K1Z5, registered in Delhi. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 05AAACV3918K1Z9 (Uttarakhand), 27AAACV3918K1Z3 (Maharashtra), 19AAACV3918K1Z0 (West Bengal).
The CIN (Corporate Identification Number) of Grafax Knitwears is U74899DL1997PLC085330. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grafax Knitwears has 11 court cases on record: 2 filed by the company and 9 filed against it. 1 is pending. Most are in the district courts.
Grafax Knitwears was incorporated on 24 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Grafax Knitwears by revenue are MSRM International Trading Private Limited, Venus Textile Solutions Private Limited, Bhagwati Dupatta House Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Veena Manchanda was appointed as Director on 21 Feb 2022. Bhupendra Negi ceased to be Additional Director on 31 Dec 2020. Seema Bajaj ceased to be Director on 30 Dec 2020. Grafax Knitwears has 12 board changes on record in total.
Yes, Grafax Knitwears is registered as a small enterprise under Udyam registration (number: UDYAM-MH-20-0003701).
The registered office of Grafax Knitwears is at 81 Vigyan Vihar, Delhi, India – 110092.
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