Grover Spinners Pvt Ltd
About Grover Spinners Pvt Ltd
Data last updated:
Grover Spinners Pvt Ltd is a private limited company based in Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 17 September 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17115PB1984PTC005943. Its GSTIN is 03AAACG5811E1Z9 (Punjab).
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹76.06 Lakh. It is led by directors including Vijay Pal Arora and Vivek Arora.
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 Grover Buildingkatra Ahluwalia Amritsar, Punjab, India.
As per the financials filed for FY 2017, the company reported a revenue of ₹4.29 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹3 Lakh (net margin -0.7%) and EBITDA of ₹38.56 Lakh (EBITDA margin 9%).
As per MCA filings, the company has open charges of ₹25.34 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Grover Spinners Pvt Ltd's registered office is in Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGrover Buildingkatra Ahluwalia Amritsar, Punjab, India
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Grover Spinners Pvt 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 Grover Spinners 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 Grover Spinners Pvt Ltd, buy the company report.
Financials of Grover Spinners Pvt Ltd
FY 2017 filings availableGrover Spinners Pvt Ltd reported revenue of ₹4.29 Cr (up 3% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year. EBITDA fell 25% 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 | |||
| Other Income | |||
| Total Revenue | ₹4.29 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹38.56 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹3 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 9% | ||
| Net Profit Margin | -0.7% | ||
| 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 Grover Spinners Pvt Ltd, buy the company report.
Board of directors of Grover Spinners Pvt Ltd
Grover Spinners has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Pal Arora Also directs: Danfield Bobbin Limited | Director | 17 Sep 1984 | 42 Years 1 Months | Current |
| Vivek Arora Also directs: Danfield Bobbin Limited | Director | 16 Jan 2006 | 20 Years 9 Months | Current |
| Naresh Kumar Arora Alias Grover Also directs: Danfield Bobbin Limited | Director | 29 Dec 2006 | 19 Years 10 Months | Current |
Peer comparison
Grover Spinners Pvt Ltd is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Expormart India Private Limited | ₹4.3 Cr (FY 2025) | 42.0% | Bhiwandi, Maharashtra, India | |||
| KRM Exports Private Limited | ₹4.3 Cr (FY 2025) | 18.0% | Gurgaon, Haryana, India | |||
| Grover Spinners Pvt Ltdthis company | ₹4.29 Cr (FY 2017) | -₹3 Lakh | -0.7% | 3.0% | Punjab, India | |
| Mare A Parte Impex Private Limited | ₹4.29 Cr (FY 2023) | 110.0% | New Delhi, Delhi, India | |||
| Gee Aar Thread Private Limited. | ₹4.29 Cr (FY 2025) | 3.0% | Delhi, India | |||
| Sri Gangaaparameswari Spinners Private Limited | ₹4.29 Cr (FY 2025) | 5.0% | Rajapalayam, Tamil Nadu, India |
To see the full peer comparison of Grover Spinners Pvt Ltd, buy the company report.
Auditor
Grover Spinners Pvt Ltd is audited by ARORA KHANNA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARORA KHANNA & ASSOCIATES | FY 2017 | 005427N |
Shareholding
The shareholding of Grover Spinners Pvt 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 Grover Spinners Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2014 | 10546502 | Oriental Bank of Commerce | ₹60 Lakh | Open | |
| 18 Aug 2011 | 10306471 | Oriental Bank of Commerce | ₹3.72 Cr | Open | |
| 03 Aug 2009 | 10172774 | Oriental Bank of Commerce | ₹3.26 Cr | Open | |
| 03 Aug 2009 | 10172780 | Others | ₹1.4 Cr | Open | |
| 03 Aug 2009 | 10172781 | Oriental Bank of Commerce | ₹64 Lakh | Open |
To see the full charge records of Grover Spinners Pvt Ltd, buy the company report.
Total charge records: 21 View all charges
Legal cases
Grover Spinners Pvt Ltd has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Amritsar, Punjab | Commercial suit | Filed against the company by M/S Chola Mandalam Investment and Finance Co Limited | Disposed |
| District court, Amritsar, Punjab | Cheque dishonour complaint | Filed against the company by M/S Prisha Industries | Pending |
| District court, Amritsar, Punjab | Commercial suit | Filed against the company by Cholamandalam Investment and Finance Company | Disposed |
| District court, Amritsar, Punjab | Commercial suit | Filed against the company by M/S Cholamandalam Investment and Finance Co Limited | Disposed |
To see the full case history of Grover Spinners Pvt 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 Grover Spinners Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Grover Spinners Pvt Ltd has 1 active EPFO establishment as of Apr 07, 2024.
GST
Grover Spinners has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACG5811E1Z9 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Grover Spinners Pvt Ltd, buy the company report.
Recent activity
Grover Spinners Pvt Ltd has 3 board changes on record since 1984: 3 appointments. The latest: Naresh Kumar Arora Alias Grover was appointed as Director on 29 Dec 2006.
24 earlier events are in the company report.
Frequently asked questions
Grover Spinners is an active private limited company based in Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 17 September 1984 (42+ years old) and is registered under CIN U17115PB1984PTC005943.
Grover Spinners has 3 current directors:
- Vijay Pal Arora - Director
- Vivek Arora - Director
- Naresh Kumar Arora Alias Grover - Director
The latest financial statements of Grover Spinners 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.
The GSTIN of Grover Spinners is 03AAACG5811E1Z9, registered in Punjab.
The CIN (Corporate Identification Number) of Grover Spinners is U17115PB1984PTC005943. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grover Spinners has 4 court cases on record: 4 filed against it. 1 is pending.
Grover Spinners was incorporated on 17 September 1984, making it 42+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Grover Spinners by revenue are Expormart India Private Limited, KRM Exports Private Limited, Mare A Parte Impex Private Limited, Gee Aar Thread Private Limited, Sri Gangaaparameswari Spinners Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Naresh Kumar Arora Alias Grover was appointed as Director on 29 Dec 2006. Vivek Arora was appointed as Director on 16 Jan 2006. Vijay Pal Arora was appointed as Director on 17 Sep 1984.
The registered office of Grover Spinners is at Grover Buildingkatra Ahluwalia Amritsar, Punjab, India.
Grover Spinners operates in the manufacturing industry, in the textile and fabric production segment.
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