Kinarivala Spinners Limited
About Kinarivala Spinners Limited
Data last updated:
Kinarivala Spinners Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1994PLC021416.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹8.8 Cr. It is led by directors including Kamal Vishnubhai Raval and Shital Prashantbhai Kinarivala.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at L – 1002 Sa, Ahmedabad, Gujarat, India – 380004.
As per MCA filings, the company has open charges of ₹5.9 Cr and satisfied charges of ₹7.85 Cr on record. Court records list 21 cases involving the company, including 8 filed by the company and 13 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Kinarivala Spinners has one previous CIN (Corporate Identification Number): U17119GJ1994PTC021416. The current CIN is U17119GJ1994PLC021416, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17119GJ1994PLC021416 | Current |
| U17119GJ1994PTC021416 | Previous |
Contact details
Kinarivala Spinners Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressL – 1002 Sa, Ahmedabad, Gujarat, India – 380004
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Kinarivala Spinners 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
Financials of Kinarivala Spinners Limited
FY 2024 filings availableKinarivala Spinners Limited reported revenue of ₹10 (down 99% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 99% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 58%. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 Kinarivala Spinners Limited, buy the company report.
Board of directors of Kinarivala Spinners Limited
Kinarivala Spinners has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Vishnubhai Raval | Director | 01 May 2006 | 20 Years 6 Months | Current |
| Shital Prashantbhai Kinarivala Also directs: Kinarivala Machinery Traders Pvt. Ltd. | Director | 09 Jan 2025 | 1 Years 10 Months | Current |
| Pradip Jivanlal Kinarivala | Director | 28 Dec 1994 | 31 Years 10 Months | Current |
Peer comparison
Kinarivala Spinners Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sidhartha Synthetics Private Limited | ₹20 (FY 2025) | Surat, Gujarat, India | ||||
| Valkal Filaments Pvt Ltd | ₹15 (FY 2018) | -100.0% | Surat, Gujarat, India | |||
| Poly Yarns (India) Private Limited | ₹15 (FY 2020) | -80.0% | New Delhi, Delhi, India | |||
| Inverted Bliss Private Limited | ₹13 (FY 2024) | New Delhi, Delhi, India | ||||
| Vardaniya Enterprises Private Limited | ₹12 (FY 2021) | Bengaluru, Karnataka, India | ||||
| Kinarivala Spinners Limitedthis company | ₹10 (FY 2025) | -99.0% | Ahmedabad, Gujarat, India | |||
| Mayank Polytex Private Limited | ₹10 (FY 2025) | -100.0% | Delhi, India | |||
| Radhika Fibres (India) Limited | ₹10 (FY 2025) | New Delhi, Delhi, India | ||||
| KSP Global Private Limited | ₹10 (FY 2024) | New Delhi, Delhi, India | ||||
| RCZ Textiles Federation | ₹10 (FY 2025) | -91.0% | Surat, Gujarat, India | |||
| Krishiv Textiles Private Limited | ₹9 (FY 2025) | Surat, Gujarat, India |
To see the full peer comparison of Kinarivala Spinners Limited, buy the company report.
Auditor
Kinarivala Spinners Limited is audited by Shri Shrimal & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shri Shrimal & Associates | FY 2022 | 121963W |
Shareholding
The shareholding of Kinarivala Spinners Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kinarivala Spinners Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2001 | 90099358 | Gujarat Industrial Investment Corp. Ltd | ₹1.36 Cr | Open | |
| 27 Sep 1996 | 90098483 | Gujarat Industrial Investment Corporation Ltd | ₹4.54 Cr | Open | |
| 28 May 1998 | 90098836 | Kalupur Commercial Co-Op Bank Ltd | ₹1.5 Cr | Satisfied | |
| 25 Feb 1997 | 90098554 | Kalupur Commercial Co-Op Bank Ltd | ₹30 Lakh | Satisfied | |
| 05 Nov 1996 | 90098505 | The Kalupur Commercial Co-Op Bank Ltd | ₹4.5 Cr | Satisfied |
To see the full charge records of Kinarivala Spinners Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Kinarivala Spinners Limited has 21 court cases on record: 8 filed by Kinarivala Spinners, 13 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 10 | 0 |
| High courts | 3 | 3 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Appeal | Filed against the company by Sandeep Texturisers Pvt Ltd Thro'authorized Person and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Sandeep Texturisers Pvt Ltd and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Euro Vista Trading Co.Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by The Registrar of Companies | Disposed |
To see the full case history of Kinarivala Spinners 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 Kinarivala Spinners Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Kinarivala Spinners has 2 associated companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Kinarivala Spinners Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Kinarivala Spinners Limited has 5 board changes on record since 1994: 3 appointments and 2 cessations. The latest: Prashant Jivanlal Kinarivala ceased to be Director on 09 Jan 2025.
7 earlier events are in the company report.
Frequently asked questions
Kinarivala Spinners is an active public limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 February 1994 (32+ years old) and is registered under CIN U17119GJ1994PLC021416.
Kinarivala Spinners has 3 current directors:
- Kamal Vishnubhai Raval - Director
- Shital Prashantbhai Kinarivala - Director
- Pradip Jivanlal Kinarivala - Director
The latest financial statements of Kinarivala Spinners on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Kinarivala Spinners is U17119GJ1994PLC021416. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kinarivala Spinners has 21 court cases on record: 8 filed by the company and 13 filed against it. Most are in the district courts.
Kinarivala Spinners was incorporated on 28 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Kinarivala Spinners by revenue are Sidhartha Synthetics Private Limited, Valkal Filaments Pvt Ltd, Poly Yarns (India) Private Limited, Inverted Bliss Private Limited, Vardaniya Enterprises Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Prashant Jivanlal Kinarivala ceased to be Director on 09 Jan 2025. Shital Prashantbhai Kinarivala was appointed as Director on 09 Jan 2025. Shital Prashantbhai Kinarivala ceased to be Director on 24 Dec 2014. Kinarivala Spinners has 5 board changes on record in total.
The registered office of Kinarivala Spinners is at L – 1002 Sa, Ahmedabad, Gujarat, India – 380004.
Kinarivala Spinners operates in the manufacturing industry, in the textile and fabric production segment.
Kinarivala Spinners has open charges of ₹5.9 Cr and satisfied charges of ₹7.85 Cr as per latest MCA filings.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
