Inter Yarn Spin India Limited
About Inter Yarn Spin India Limited
Data last updated:
Inter Yarn Spin India Limited was a public limited company based in Coimbatore, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 06 July 2005.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2005PLC011962. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Gengusamy Raveendran Harshavardhan and Venugopalsamy Ranganathan.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Venkita Nilayams V Mills Post Udamalpet, Coimbatore, Tamil Nadu, India – 642128.
As per the financials filed for FY 2018, the company reported a revenue of ₹32.38 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net profit of ₹18,227 (net margin 0.6%) and EBITDA of ₹1.29 Lakh (EBITDA margin 4%). Revenue has declined at a compounded annual rate (CAGR) of 67% over three years.
Company details
Contact details
Inter Yarn Spin India Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressVenkita Nilayams V Mills Post Udamalpet, Coimbatore, Tamil Nadu, India – 642128
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Inter Yarn Spin India 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 Inter Yarn Spin India 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 Inter Yarn Spin India Limited, buy the company report.
Financials of Inter Yarn Spin India Limited
FY 2018 filings availableInter Yarn Spin India Limited reported revenue of ₹32.38 Lakh (down 88% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over three years, including a 88% fall in the latest year. EBITDA fell 56% 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 | ₹32.38 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.29 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹18,227 | |||
| 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 | 4% | |||
| Net Profit Margin | 0.6% | |||
| 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 Inter Yarn Spin India Limited, buy the company report.
Board of directors of Inter Yarn Spin India Limited
Inter Yarn Spin India has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gengusamy Raveendran Harshavardhan Also directs: V G Textiles Private Limited, Sri Venkatesa Fabrics Limited, Rajalakshmi Paper Mills Private Limited and 1 more | Director | 10 Apr 2013 | 13 Years 6 Months | As last reported |
| Venugopalsamy Ranganathan Also directs: The Sri Venkatesa Mills Limited | Director | 06 Jul 2005 | 21 Years 3 Months | As last reported |
| Genguswamy Raveendran Vishnuvardhan Also directs: The Sri Venkatesa Mills Limited, V G Textiles Private Limited, Sri Venkatesa Fabrics Limited and 1 more | Director | 14 Jul 2005 | 21 Years 3 Months | As last reported |
| Ayyasamy Karthik | Director | 11 Feb 2013 | 13 Years 8 Months | As last reported |
Auditor
Inter Yarn Spin India Limited is audited by GOPALAIYER AND SUBRAMANIAN for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOPALAIYER AND SUBRAMANIAN | FY 2018 | 000960S |
Shareholding
The shareholding of Inter Yarn Spin India 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 Inter Yarn Spin India Limited, buy the company report.
Legal cases
No court or tribunal cases involving Inter Yarn Spin India 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 Inter Yarn Spin India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Inter Yarn Spin India 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 Inter Yarn Spin India Limited, buy the company report.
Recent activity
Inter Yarn Spin India Limited has 6 board changes on record since 2005: 4 appointments and 2 cessations. The latest: Raveendran Nandhini ceased to be Director on 19 Mar 2019.
Frequently asked questions
Inter Yarn Spin India has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Inter Yarn Spin India was a public limited company based in Coimbatore, Tamil Nadu, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 06 July 2005 and is registered under CIN U17111TZ2005PLC011962. The company has been struck off by the Registrar of Companies and is no longer operational.
Inter Yarn Spin India had 4 directors:
- Gengusamy Raveendran Harshavardhan - Director
- Venugopalsamy Ranganathan - Director
- Genguswamy Raveendran Vishnuvardhan - Director
- Ayyasamy Karthik - Director
The CIN (Corporate Identification Number) of Inter Yarn Spin India is U17111TZ2005PLC011962. 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 Inter Yarn Spin India is at Venkita Nilayams V Mills Post Udamalpet, Coimbatore, Tamil Nadu, India – 642128.
Inter Yarn Spin India was incorporated on 06 July 2005. It is registered with the Registrar of Companies, Coimbatore.
The latest financial statements of Inter Yarn Spin India on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
No. Inter Yarn Spin India has 1 GST registration on record and it is cancelled or inactive.
Inter Yarn Spin India operated in the home and lifestyle industry, in the textile retail and distribution segment. It worked in this industry before it was struck off.
Raveendran Nandhini ceased to be Director on 19 Mar 2019. Gengusamy Raveendran Harshavardhan was appointed as Director on 10 Apr 2013. Ayyasamy Karthik was appointed as Director on 11 Feb 2013. Inter Yarn Spin India has 6 board changes on record in total.
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