Jashank Impex Private Limited
About Jashank Impex Private Limited
Data last updated:
Jashank Impex Private Limited is a private limited company based in Surat, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 24 March 2011.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U52393GJ2011PTC064575. Its GSTIN is 27AACCJ5740M1Z9 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Hiteshkumar Desai and Chandra Prakash Jain (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Landmark Empire Build – A 5th Floor Sh – 516 Landmark Corpo Saroli, Surat, Gujarat, India – 395010.
As per the financials filed for FY 2020, the company reported a revenue of ₹25.44 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹2.27 Cr (net margin -8.9%) and EBITDA of -₹2.09 Cr (EBITDA margin -8.2%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹20 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 2 cases are pending.
Company details
Contact details
Jashank Impex Private Limited's registered office is in Surat, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressLandmark Empire Build – A 5th Floor Sh – 516 Landmark Corpo Saroli, Surat, Gujarat, India – 395010
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Jashank Impex 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 Jashank Impex 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 Jashank Impex Private Limited, buy the company report.
Financials of Jashank Impex Private Limited
FY 2020 filings availableJashank Impex Private Limited reported revenue of ₹25.44 Cr (down 47% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 47% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 543% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹25.44 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.27 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.2% | ||||
| Net Profit Margin | -8.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Jashank Impex Private Limited, buy the company report.
Board of directors of Jashank Impex Private Limited
Jashank Impex has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiteshkumar Desai | Director | 21 Jul 2015 | 11 Years 3 Months | As last reported |
| Chandra Prakash Jain Also directs: Truue Ipe LLP, Schnik Tradelink Private Limited, Camel Technologies Private Limited and 1 more | Irp/Rp/Liquidator | 29 Dec 2023 | 2 Years 10 Months | As last reported |
| Anil Shivkumar Gupta Also directs: Allure Tex Trend Private Limited, Swayam Exim Private Limited | Director | 01 Feb 2014 | 12 Years 8 Months | As last reported |
Peer comparison
Jashank Impex Private Limited is compared with the 4 companies closest to it by revenue in the Apparel industry (Branded Wear), 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 |
|---|---|---|---|---|---|---|
| Urja Hybrid(India) Private Limited | ₹26.73 Cr (FY 2018) | 102.0% | Mumbai, Maharashtra, India | |||
| Enero Exports Private Limited | ₹26.72 Cr (FY 2024) | 17.0% | Delhi, India | |||
| Madhuri Exports . Ltd. | ₹26.53 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India | |||
| Jashank Impex Private Limitedthis company | ₹25.44 Cr (FY 2020) | -₹2.27 Cr | -8.9% | -47.0% | Surat, Gujarat, India | |
| Sewwo Apparels Private Limited | ₹25.11 Cr (FY 2019) | Delhi, India |
To see the full peer comparison of Jashank Impex Private Limited, buy the company report.
Auditor
Jashank Impex Private Limited is audited by SORABH BIHANI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SORABH BIHANI & CO | FY 2019 | 121383W |
Shareholding
The shareholding of Jashank Impex Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Jashank Impex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2016 | 100025858 | Others | ₹10 Cr | Open | |
| 26 Apr 2016 | 100025867 | Others | ₹10 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Jashank Impex Private Limited has 8 court cases on record: 5 filed by Jashank Impex, 3 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 6 | 1 | 1 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Drip Capital Services India LLP | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Icici Bank Limited Through Its Officer Bhavesh Dastanwala | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Drip Capital Inc. | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against individuals | Disposed |
To see the full case history of Jashank Impex 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.
Credit ratings & regulatory alerts
Jashank Impex Private Limited was last rated by Crisil on 16 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 16 Mar 2020 |
To see the full credit ratings and regulatory alerts of Jashank Impex Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jashank Impex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jashank Impex has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCJ5740M1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jashank Impex Private Limited, buy the company report.
Recent activity
Jashank Impex Private Limited has 9 board changes on record since 2011: 3 appointments and 6 cessations. The latest: Chandra Prakash Jain was appointed as Irp/Rp/Liquidator on 29 Dec 2023.
2 earlier events are in the company report.
Frequently asked questions
Jashank Impex is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Jashank Impex is a company under liquidation, formerly operating as a private limited company based in Surat, Gujarat, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 24 March 2011 and is registered under CIN U52393GJ2011PTC064575. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Jashank Impex has 3 current directors:
- Hiteshkumar Desai - Director
- Anil Shivkumar Gupta - Director
- Chandra Prakash Jain - Irp/Rp/Liquidator
The latest financial statements of Jashank Impex on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Jashank Impex is U52393GJ2011PTC064575. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jashank Impex has open charges of ₹20 Cr and no satisfied charges on record as per latest MCA filings.
Jashank Impex has 8 court cases on record: 5 filed by the company and 3 filed against it. 2 are pending. Most are in the nclt.
Jashank Impex was incorporated on 24 March 2011. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Jashank Impex by revenue are Urja Hybrid(India) Private Limited, Enero Exports Private Limited, Madhuri Exports . Ltd, Sewwo Apparels Private Limited, all in the Apparel industry (Branded Wear), with the same principal business activity (wholesale trading).
Chandra Prakash Jain was appointed as Irp/Rp/Liquidator on 29 Dec 2023. Hiteshkumar Desai ceased to be Additional Director on 05 Sep 2016. Himanshu N Choksi ceased to be Director on 21 Jul 2015. Jashank Impex has 9 board changes on record in total.
The registered office of Jashank Impex is at Landmark Empire Build – A 5th Floor Sh – 516 Landmark Corpo Saroli, Surat, Gujarat, India – 395010.