Krimpex Synthetics Ltd
About Krimpex Synthetics Ltd
Data last updated:
Krimpex Synthetics Ltd was a public limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 04 February 1986.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U17116MH1986PLC038842. Its GSTIN is 27AAACK0393H1ZM (Maharashtra).
The company had an authorised share capital of ₹2.25 Cr and a paid-up capital of ₹2.15 Cr. It was led by directors including Sharad Ramchand Khanna (Managing Director) and Rakeshkumar Balkihan Khanna.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Silk House Silkbazar, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2018, the company reported a revenue of ₹5.68 Lakh, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹3.44 Lakh (net margin -60.5%) and EBITDA of -₹3.44 Lakh (EBITDA margin -60.5%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years.
As per MCA filings, the company had satisfied charges of ₹2.75 Cr on record. Court records list 21 cases involving the company, including 8 filed by the company and 13 filed against it.
Company details
CIN history
Krimpex Synthetics has one previous CIN (Corporate Identification Number): U17116MH1986PTC038842. The current CIN is U17116MH1986PLC038842, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17116MH1986PLC038842 | Current |
| U17116MH1986PTC038842 | Previous |
Contact details
Krimpex Synthetics Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSilk House Silkbazar, Mumbai, Maharashtra, India – 400002
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Krimpex Synthetics Ltd, 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 Krimpex Synthetics 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 Krimpex Synthetics Ltd, buy the company report.
Financials of Krimpex Synthetics Ltd
FY 2018 filings availableKrimpex Synthetics Ltd reported revenue of ₹5.68 Lakh (down 49% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over three years, including a 49% fall in the latest year. EBITDA fell 7% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹5.68 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹3.44 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3.44 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -60.5% | |||
| Net Profit Margin | -60.5% | |||
| 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 Krimpex Synthetics Ltd, buy the company report.
Board of directors of Krimpex Synthetics Ltd
Krimpex Synthetics has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sharad Ramchand Khanna | Managing Director | 04 Feb 1986 | 40 Years 9 Months | As last reported |
| Rakeshkumar Balkihan Khanna | Director | 15 May 2012 | 14 Years 5 Months | As last reported |
| Bipin Harkisondas Kapadia Also directs: Fancy Corporation Limited | Director | 27 Dec 1991 | 34 Years 10 Months | As last reported |
Peer comparison
Krimpex Synthetics Ltd is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), 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 |
|---|---|---|---|---|---|---|
| Zee Textile Vareli Pvt Ltd | ₹5.7 Lakh (FY 2025) | -99.0% | Surat Surat, Gujarat, India | |||
| Pashupati Advisory Private Limited | ₹5.69 Lakh (FY 2019) | 6.0% | Kolkata, West Bengal, India | |||
| Krimpex Synthetics Ltdthis company | ₹5.68 Lakh (FY 2018) | -₹3.44 Lakh | -60.5% | -49.0% | Mumbai, Maharashtra, India | |
| Suji Exim Private Limited | ₹5.65 Lakh (FY 2024) | -90.0% | New Delhi, Delhi, India |
To see the full peer comparison of Krimpex Synthetics Ltd, buy the company report.
Auditor
Krimpex Synthetics Ltd is audited by SARDA SONI ASSOCIATES LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SARDA SONI ASSOCIATES LLP | FY 2018 | 117235W |
Shareholding
The shareholding of Krimpex Synthetics Ltd is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Krimpex Synthetics Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 1988 | 90217212 | Bank of Maharashtra Ltd. | ₹25 Lakh | Satisfied | |
| 10 Feb 1988 | 90217194 | Dena Bank | ₹30 Lakh | Satisfied | |
| 09 Feb 1988 | 90217193 | Bank of Maharashtra Ltd. | ₹25 Lakh | Satisfied | |
| 09 Feb 1988 | 80043312 | Bank of Baroda | ₹30 Lakh | Satisfied | |
| 06 Nov 1987 | 90217177 | Dena Bank | ₹20 Lakh | Satisfied |
To see the full charge records of Krimpex Synthetics Ltd, buy the company report.
Total charge records: 8 View all charges
Legal cases
Krimpex Synthetics Ltd has 21 court cases on record: 8 filed by Krimpex Synthetics, 13 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 5 | 0 |
| Supreme Court | 6 | 3 | 0 |
| District courts | 5 | 5 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed against the company by International Asset Reconstruction Company Private Limited | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| Bombay High Court | Court case (APPLN) | Filed by the company against Icici Bank Limited,Bandra,Mumbai and Anr | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Kotak Mahindra Bank Ltd. and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Kotak Mahindra Bank Ltd. | Disposed |
To see the full case history of Krimpex Synthetics Ltd, 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 Krimpex Synthetics Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Krimpex Synthetics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK0393H1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Krimpex Synthetics Ltd, buy the company report.
Recent activity
Krimpex Synthetics Ltd has 4 board changes on record since 1986: 3 appointments and 1 cessation. The latest: Rakeshkumar Balkihan Khanna was appointed as Director on 15 May 2012.
13 earlier events are in the company report.
Frequently asked questions
Krimpex Synthetics has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Krimpex Synthetics was a public limited company based in Mumbai, Maharashtra, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 04 February 1986 and is registered under CIN U17116MH1986PLC038842. The company has been struck off by the Registrar of Companies and is no longer operational.
Krimpex Synthetics had 3 directors:
- Sharad Ramchand Khanna - Managing Director
- Rakeshkumar Balkihan Khanna - Director
- Bipin Harkisondas Kapadia - Director
The CIN (Corporate Identification Number) of Krimpex Synthetics is U17116MH1986PLC038842. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Krimpex Synthetics is at Silk House Silkbazar, Mumbai, Maharashtra, India – 400002.
Krimpex Synthetics was incorporated on 04 February 1986. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Krimpex Synthetics on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Krimpex Synthetics is 27AAACK0393H1ZM, registered in Maharashtra.
Krimpex Synthetics operated in the home and lifestyle industry, in the textile retail and distribution segment. It worked in this industry before it was struck off.
The peers of Krimpex Synthetics by revenue are Zee Textile Vareli Pvt Ltd, Pashupati Advisory Private Limited, Suji Exim Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Krimpex Synthetics has 21 court cases on record: 8 filed by the company and 13 filed against it. Most are in the high courts.
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