Jagannath Yarns Private Limited
About Jagannath Yarns Private Limited
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Jagannath Yarns Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 12 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51311MH2006PTC161082. Its GSTIN is 27AABCJ6683L1Z0 (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Deepak Meherchand Mehra (Managing Director) and Nishant Deepak Mehra.
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 65 Raj Baug Estate Pydhoniemumbai – 3, Maharashtra, India.
As per the financials filed for FY 2017, the company reported a revenue of ₹29.7 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.85 Lakh (net margin 0.1%) and EBITDA of ₹30.29 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years.
As per MCA filings, the company has open charges of ₹2.2 Cr on record. Court records list 8 cases involving the company, including 8 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
Jagannath Yarns Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address65 Raj Baug Estate Pydhoniemumbai – 3, Maharashtra, India
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Jagannath Yarns Private 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 Jagannath Yarns is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Jagannath Yarns Private Limited, buy the company report.
Financials of Jagannath Yarns Private Limited
FY 2017 filings availableJagannath Yarns Private Limited reported revenue of ₹29.7 Cr (up 195% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over three years, including 195% growth in the latest year. EBITDA fell 9% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹29.7 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹30.29 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹3.85 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 | 1% | ||
| Net Profit Margin | 0.1% | ||
| 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 Jagannath Yarns Private Limited, buy the company report.
Board of directors of Jagannath Yarns Private Limited
Jagannath Yarns has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Meherchand Mehra | Managing Director | 12 Apr 2006 | 20 Years 7 Months | Current |
| Nishant Deepak Mehra | Director | 12 Apr 2006 | 20 Years 7 Months | Current |
| Harsh Hardeep Mehra Also directs: Solar Synthetics Pvt. Ltd. | Director | 12 Apr 2006 | 20 Years 7 Months | Current |
| Neeta Deepak Mehra | Director | 12 Apr 2006 | 20 Years 7 Months | Current |
Shareholding
The shareholding of Jagannath Yarns Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Jagannath Yarns Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2008 | 10101401 | Others | ₹2.2 Cr | Open |
To see the full charge records of Jagannath Yarns Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Jagannath Yarns Private Limited has 8 court cases on record: 8 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Bajaj Finance Ltd Through Hrishikesh Balvantrao Deshmukh | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Bajaj Finance Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Bajaj Finance Ltd. Th. Mohit Sharma | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Bajaj Finance Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by an individual | Disposed |
To see the full case history of Jagannath Yarns Private 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 Jagannath Yarns Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jagannath Yarns has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCJ6683L1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jagannath Yarns Private Limited, buy the company report.
Recent activity
Jagannath Yarns Private Limited has 4 board changes on record since 2006: 4 appointments. The latest: Deepak Meherchand Mehra was appointed as Managing Director on 12 Apr 2006.
Frequently asked questions
Jagannath Yarns is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 12 April 2006 (20+ years old) and is registered under CIN U51311MH2006PTC161082.
Jagannath Yarns has 4 current directors:
- Deepak Meherchand Mehra - Managing Director
- Nishant Deepak Mehra - Director
- Harsh Hardeep Mehra - Director
- Neeta Deepak Mehra - Director
The latest financial statements of Jagannath Yarns 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 Jagannath Yarns is 27AABCJ6683L1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Jagannath Yarns is U51311MH2006PTC161082. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jagannath Yarns has 8 court cases on record: 8 filed against it. 1 is pending. Most are in the district courts.
Jagannath Yarns was incorporated on 12 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Deepak Meherchand Mehra was appointed as Managing Director on 12 Apr 2006. Harsh Hardeep Mehra was appointed as Director on 12 Apr 2006. Neeta Deepak Mehra was appointed as Director on 12 Apr 2006. Jagannath Yarns has 4 board changes on record in total.
The registered office of Jagannath Yarns is at 65 Raj Baug Estate Pydhoniemumbai – 3, Maharashtra, India.
Jagannath Yarns operates in the home and lifestyle industry, in the textile retail and distribution segment.
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