Kushalava Spinners & Ginners Private Limited
About Kushalava Spinners & Ginners Private Limited
Data last updated:
Kushalava Spinners & Ginners Private Limited is a private limited company based in Guntur, Andhra Pradesh, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 16 June 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U17120AP2014PTC094618. Its GSTIN is 37AAFCK5460Q1ZV (Andhra Pradesh).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Siva Sankara Rao Sadhu and Srinivasa Rao Vuggirala.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at D.No.23/11/124 Sadhu Complex Eluru Bazar, Guntur, Andhra Pradesh, India – 522003.
As per the financials filed for FY 2017, the company reported a revenue of ₹4.37 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹55.62 Lakh (net margin -12.7%) and EBITDA of ₹20.76 Lakh (EBITDA margin 4.8%).
As per MCA filings, the company has open charges of ₹8.85 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Kushalava Spinners & Ginners Private Limited's registered office is in Guntur, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD.No.23/11/124 Sadhu Complex Eluru Bazar, Guntur, Andhra Pradesh, India – 522003
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Kushalava Spinners & Ginners 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
Financials of Kushalava Spinners & Ginners Private Limited
FY 2019 filings availableKushalava Spinners & Ginners Private Limited reported revenue of ₹4.37 Cr (up 181% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 181% 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 | ₹4.37 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹20.76 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹55.62 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 | 4.8% | ||
| Net Profit Margin | -12.7% | ||
| 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 Kushalava Spinners & Ginners Private Limited, buy the company report.
Board of directors of Kushalava Spinners & Ginners Private Limited
Kushalava Spinners & Ginners has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siva Sankara Rao Sadhu Also directs: Raviraj Spices Exports Private Limited | Director | 16 Jun 2014 | 12 Years 4 Months | Current |
| Srinivasa Rao Vuggirala Also directs: Alj Fin Serv LLP | Director | 16 Jun 2014 | 12 Years 4 Months | Current |
| Majety Srivasavi | Director | 16 Jun 2014 | 12 Years 4 Months | Current |
Auditor
Kushalava Spinners & Ginners Private Limited is audited by UMAMAHESWARA RAO & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UMAMAHESWARA RAO & CO | FY 2017 | 004453S |
Shareholding
The shareholding of Kushalava Spinners & Ginners Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Kushalava Spinners & Ginners Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2015 | 10611043 | Punjab National Bank | ₹8.85 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Kushalava Spinners & Ginners Private Limited has 5 court cases on record: 4 filed by Kushalava Spinners & Ginners, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 0 |
Cases on record (2 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Union of India and 2 others | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed against the company by an individual | Disposed |
To see the full case history of Kushalava Spinners & Ginners 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
Kushalava Spinners & Ginners 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 Kushalava Spinners & Ginners Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kushalava Spinners & Ginners Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kushalava Spinners & Ginners has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAFCK5460Q1ZV | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kushalava Spinners & Ginners Private Limited, buy the company report.
Recent activity
Kushalava Spinners & Ginners Private Limited has 3 board changes on record since 2014: 3 appointments. The latest: Majety Srivasavi was appointed as Director on 16 Jun 2014.
Frequently asked questions
Kushalava Spinners & Ginners is an active private limited company based in Guntur, Andhra Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 16 June 2014 (12+ years old) and is registered under CIN U17120AP2014PTC094618.
Kushalava Spinners & Ginners has 3 current directors:
- Siva Sankara Rao Sadhu - Director
- Srinivasa Rao Vuggirala - Director
- Majety Srivasavi - Director
The latest financial statements of Kushalava Spinners & Ginners on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Kushalava Spinners & Ginners is 37AAFCK5460Q1ZV, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Kushalava Spinners & Ginners is U17120AP2014PTC094618. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kushalava Spinners & Ginners has 5 court cases on record: 4 filed by the company and 1 filed against it.
Kushalava Spinners & Ginners was incorporated on 16 June 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
Majety Srivasavi was appointed as Director on 16 Jun 2014. Siva Sankara Rao Sadhu was appointed as Director on 16 Jun 2014. Srinivasa Rao Vuggirala was appointed as Director on 16 Jun 2014.
The registered office of Kushalava Spinners & Ginners is at D.No.2311124 Sadhu Complex Eluru Bazar, Guntur, Andhra Pradesh, India – 522003.
Kushalava Spinners & Ginners operates in the manufacturing industry, in the textile and fabric production segment.