About Kia Textiles Private Limited
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Kia Textiles Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 26 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17120PB2009PTC032973. Its GSTIN is 03AADCK7091B1ZW (Punjab).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.5 Cr. It is led by directors Jatin Bhatia (Managing Director) and Sharvan Kumar Bhatia.
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 B – 19 – 154/1 Tagore Nagar Civil Lines, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2017, the company reported a revenue of ₹57.38 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net profit of ₹2.74 Lakh (net margin 0%) and EBITDA of ₹1.02 Cr (EBITDA margin 1.8%).
As per MCA filings, the company has open charges of ₹9.75 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹4.49 Cr; the latest was in November 2014. Its 3 peer companies in the Consumer Products industry (Textile Retail and Distribution, Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 1 larger and 2 smaller; the largest is Hayward Synthetics Pvt Ltd with revenue of ₹57.41 Cr.
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 kiatextiles.com.
Company details
Contact details
Kia Textiles Private Limited's registered office is in Ludhiana, Punjab. Its website is kiatextiles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 19 – 154/1 Tagore Nagar Civil Lines, Ludhiana, Punjab, India – 141001
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Kia Textiles 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 Kia Textiles 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 Kia Textiles Private Limited, buy the company report.
Financials of Kia Textiles Private Limited
FY 2017 filings availableKia Textiles Private Limited reported revenue of ₹57.38 Cr (down 47% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 47% in the latest year. EBITDA fell 38% 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 | ₹57.38 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.02 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.74 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 | 1.8% | ||
| Net Profit Margin | 0% | ||
| 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 Kia Textiles Private Limited, buy the company report.
Board of directors of Kia Textiles Private Limited
Kia Textiles has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jatin Bhatia | Managing Director | 26 Jun 2009 | 17 Years 3 Months | Current |
| Sharvan Kumar Bhatia | Director | 26 Jun 2009 | 17 Years 3 Months | Current |
Peer comparison
Kia Textiles Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution, 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 |
|---|---|---|---|---|---|---|
| Hayward Synthetics Pvt Ltd | ₹57.41 Cr (FY 2024) | -11.0% | Mumvbai, Maharashtra, India | |||
| Kia Textiles Private Limitedthis company | ₹57.38 Cr (FY 2017) | ₹2.74 Lakh | 0% | -47.0% | Ludhiana, Punjab, India | |
| Kartik Dyeing and Printing Mills Private Limited | ₹57.38 Cr (FY 2024) | -7.0% | Surat, Gujarat, India | |||
| Sankalp Dyeing and Printing Mills Private Limited | ₹57.26 Cr (FY 2025) | 6.0% | Surat, Gujarat, India |
To see the full peer comparison of Kia Textiles Private Limited, buy the company report.
Auditor
Kia Textiles Private Limited is audited by DINESH MEHTANI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH MEHTANI & CO | FY 2017 | 025897N |
Shareholding
The shareholding of Kia Textiles Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Kia Textiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jan 2010 | 10203921 | State Bank of India | ₹9.75 Cr | Open |
To see the full charge records of Kia Textiles Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Kia Textiles Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹4.49 Cr; the latest was in November 2014.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2014 | Funding round | ₹50 Lakh | Investors: an individual |
| Mar 2013 | Funding round | ₹2.5 Cr | Investors: 2 individuals |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2010 | Funding round | ₹1.49 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kia Textiles Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Court case (COMI) | Filed against the company by an individual | Pending |
| District court, Ludhiana, Punjab | Criminal miscellaneous application | Filed against the company by Ashok Kumar Pro. M/S Aastik Clothing | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by M/S Mathra Dass and Sons | Disposed |
To see the full case history of Kia Textiles 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
Kia Textiles Private Limited was last rated by Crisil on 15 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Dec 2020 |
To see the full credit ratings and regulatory alerts of Kia Textiles Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kia Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kia Textiles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCK7091B1ZW | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kia Textiles Private Limited, buy the company report.
Recent activity
Kia Textiles Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Jatin Bhatia was appointed as Managing Director on 26 Jun 2009.
Frequently asked questions
Kia Textiles is an active private limited company based in Ludhiana, Punjab, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 26 June 2009 (17+ years old) and is registered under CIN U17120PB2009PTC032973.
Kia Textiles has 2 current directors:
- Jatin Bhatia - Managing Director
- Sharvan Kumar Bhatia - Director
The latest financial statements of Kia Textiles 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 Kia Textiles is 03AADCK7091B1ZW, registered in Punjab.
The CIN (Corporate Identification Number) of Kia Textiles is U17120PB2009PTC032973. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kia Textiles has 3 court cases on record: 3 filed against it. 1 is pending.
Kia Textiles was incorporated on 26 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chandigarh.
Kia Textiles has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹4.49 Cr; the latest was in November 2014.
The peers of Kia Textiles by revenue are Hayward Synthetics Pvt Ltd, Kartik Dyeing and Printing Mills Private Limited, Sankalp Dyeing and Printing Mills Private Limited, all in the Consumer Products industry (Textile Retail and Distribution, Textiles), with the same principal business activity (textile, leather and other apparel products).
Jatin Bhatia was appointed as Managing Director on 26 Jun 2009. Sharvan Kumar Bhatia was appointed as Director on 26 Jun 2009.
Kia Textiles can be reached through the website kiatextiles.com. Its registered office is in Ludhiana, Punjab, India.