About Ishan Textile Mills Limited
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Ishan Textile Mills Limited is a public limited company based in Chandigarh, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 08 January 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17112CH1998PLC020922. Its GSTIN is 03AAACI5808B2Z7 (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹4.48 Cr. It is led by directors including Pardeep Kumar and Todar Maheshwari Mal.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at S. C. O. 24 – 25 Sector 33 D, Chandigarh, India – 160047.
As per the financials filed for FY 2016, the company reported a revenue of ₹11,952, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹1.14 Cr and EBITDA of -₹49.4 Lakh.
As per MCA filings, the company has open charges of ₹6.6 Cr and satisfied charges of ₹3.57 Cr on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it; 2 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹3.13 Cr; the latest was in March 2014. Its 4 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 2 smaller; the largest is Samavsharan Weaving Mills Private Limited with revenue of ₹12,000.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website ishanindia.com.
Company details
CIN history
Ishan Textile Mills has one previous CIN (Corporate Identification Number): L17112CH1998PLC020922. The current CIN is U17112CH1998PLC020922, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17112CH1998PLC020922 | Current |
| L17112CH1998PLC020922 | Previous |
Contact details
Ishan Textile Mills Limited's registered office is in Chandigarh, Chandigarh. Its website is ishanindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS. C. O. 24 – 25 Sector 33 D, Chandigarh, India – 160047
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Ishan Textile Mills 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 Ishan Textile Mills 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 Ishan Textile Mills Limited, buy the company report.
Financials of Ishan Textile Mills Limited
FY 2016 filings availableIshan Textile Mills Limited reported revenue of ₹11,952 (down 100% YoY) for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹11,952 | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹49.4 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.14 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | ||
| 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 Ishan Textile Mills Limited, buy the company report.
Board of directors of Ishan Textile Mills Limited
Ishan Textile Mills has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mansoor Alam Also directs: Ishan Retail Limited, Ishan Developers & Infrastructures Limited | Additional Director | 03 May 2017 | 9 Years 6 Months | Current |
| Pardeep Kumar Also directs: Ishan Retail Limited, Ishan Developers & Infrastructures Limited | Director | 06 May 2017 | 9 Years 5 Months | Current |
| Todar Maheshwari Mal | Director | 19 Jul 1999 | 27 Years 3 Months | Current |
Peer comparison
Ishan Textile Mills Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Samavsharan Weaving Mills Private Limited | ₹12,000 (FY 2017) | -14.0% | Jainapur, Maharashtra, India | |||
| Rivajmantra Clothing Private Limited | ₹12,000 (FY 2025) | Gurgaon, Haryana, India | ||||
| Ishan Textile Mills Limitedthis company | ₹11,952 (FY 2016) | -₹1.14 Cr | -100.0% | Chandigarh, India | ||
| Saaketh Ginning Mills Private Limited | ₹11,923 (FY 2025) | -85.0% | Hyderabad, Telangana, India | |||
| No Exit Clothing Private Limited | ₹11,524 (FY 2022) | -100.0% | Punjab, India |
To see the full peer comparison of Ishan Textile Mills Limited, buy the company report.
Auditor
Ishan Textile Mills Limited is audited by SANJEEV SHARMA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJEEV SHARMA & ASSOCIATES | FY 2016 | 012326N |
Shareholding
The shareholding of Ishan Textile Mills Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ishan Textile Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Sep 2007 | 10068438 | Allahabad Bank | ₹6.6 Cr | Open | |
| 10 Sep 1999 | 90176322 | Punjab State Cooprative Bank Ltd. | ₹1.78 Cr | Satisfied | |
| 12 Aug 1999 | 90310174 | Punjab State Corporation Bank Ltd. | ₹1.78 Cr | Satisfied |
To see the full charge records of Ishan Textile Mills Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Ishan Textile Mills Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹3.13 Cr; the latest was in March 2014.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹2.98 Cr | Investors: 2 individuals |
| Mar 2011 | Funding round | ₹15 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ishan Textile Mills Limited has 7 court cases on record: 2 filed by Ishan Textile Mills, 5 filed against it. 2 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 1 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Amritsar, Punjab | Civil suit | Filed against the company by Fibriltex Pvt Ltd | Disposed |
| High Court, PUNJAB | Appeal | Filed against the company by an individual | Pending |
| District court, Chandigarh | Court case (CS CJ) | Filed by the company against Indian Bank and 2 others | Pending |
| District court, Amritsar, Punjab | Appeal | Filed against the company by an individual | Disposed |
| High Court, CHANDIGARH (UT) | Revision petition | Filed against the company by State of Punjab | Disposed |
To see the full case history of Ishan Textile Mills 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 Ishan Textile Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ishan Textile Mills has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACI5808B2Z7 | Punjab | Active | 23 Jul 2018 |
To see the full GST registrations and return filing status of Ishan Textile Mills Limited, buy the company report.
Recent activity
Ishan Textile Mills Limited has 8 board changes on record since 1999: 3 appointments and 5 cessations. The latest: Pardeep Kumar was appointed as Director on 06 May 2017.
4 earlier events are in the company report.
Frequently asked questions
Ishan Textile Mills is an active public limited company based in Chandigarh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 08 January 1998 (28+ years old) and is registered under CIN U17112CH1998PLC020922.
Ishan Textile Mills has 3 current directors:
- Mansoor Alam - Additional Director
- Pardeep Kumar - Director
- Todar Maheshwari Mal - Director
The latest financial statements of Ishan Textile Mills on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The GSTIN of Ishan Textile Mills is 03AAACI5808B2Z7, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ishan Textile Mills is U17112CH1998PLC020922. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ishan Textile Mills has 7 court cases on record: 2 filed by the company and 5 filed against it. 2 are pending. Most are in the high courts.
Ishan Textile Mills was incorporated on 08 January 1998, making it 28+ years old. It is registered with the Registrar of Companies, Chandigarh.
Ishan Textile Mills has 2 deals on record (2 funding rounds), with disclosed funding of ₹3.13 Cr; the latest was in March 2014.
The peers of Ishan Textile Mills by revenue are Samavsharan Weaving Mills Private Limited, Rivajmantra Clothing Private Limited, Saaketh Ginning Mills Private Limited, No Exit Clothing Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Pardeep Kumar was appointed as Director on 06 May 2017. Rakesh Kumar Sharma ceased to be Director on 06 May 2017. Manju Sharma ceased to be Director on 03 May 2017. Ishan Textile Mills has 8 board changes on record in total.
Ishan Textile Mills can be reached through the website ishanindia.com. Its registered office is in Chandigarh, India.
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