About Miracle Clothing Private Limited
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Miracle Clothing Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 21 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18101MH2004PTC149205. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.2 Cr. It is led by directors Siddharth Chaudhary and Jyoti Siddharth Chaudhary.
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 is at 4087 – 88 B Wing Oberoi Gardenest Chandivali Farm Road Off Sakivihar Rd Andheri (E), Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.58 Cr, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹4.13 Cr (net margin -260.5%) and EBITDA of -₹2.84 Cr (EBITDA margin -179.3%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years.
The company has about 67 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.35 Cr and satisfied charges of ₹14.91 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website miracle-clothing.com.
Company details
Contact details
Miracle Clothing Private Limited's registered office is in Mumbai, Maharashtra. Its website is miracle-clothing.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address4087 – 88 B Wing Oberoi Gardenest Chandivali Farm Road Off Sakivihar Rd Andheri (E), Mumbai, Maharashtra, India – 400072
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Miracle Clothing 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 Miracle Clothing 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 Miracle Clothing Private Limited, buy the company report.
Financials of Miracle Clothing Private Limited
FY 2018 filings availableMiracle Clothing Private Limited reported revenue of ₹1.58 Cr (down 61% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over three years, including a 61% fall in the latest year. EBITDA fell 168% 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 | ||||
| Other Income | ||||
| Total Revenue | ₹1.58 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹2.84 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.13 Cr | |||
| 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 | -179.3% | |||
| Net Profit Margin | -260.5% | |||
| 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 Miracle Clothing Private Limited, buy the company report.
Board of directors of Miracle Clothing Private Limited
Miracle Clothing has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddharth Chaudhary Also directs: Team Icon Global Exports LLP | Director | 21 Oct 2004 | 22 Years 0 Months | Current |
| Jyoti Siddharth Chaudhary | Director | 21 Oct 2004 | 22 Years 0 Months | Current |
Peer comparison
Miracle Clothing Private Limited is compared with the 3 companies closest to it by revenue in the Apparel industry (Branded Wear, 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 |
|---|---|---|---|---|---|---|
| Kolour Industries Limited | ₹1.59 Cr (FY 2023) | 23.0% | Hyderabad, Telangana, India | |||
| Jainco Polysyntex Private Limited | ₹1.59 Cr (FY 2023) | 117.0% | Umbergaon, Gujarat, India | |||
| Miracle Clothing Private Limitedthis company | ₹1.58 Cr (FY 2018) | -₹4.13 Cr | -260.5% | -61.0% | Mumbai, Maharashtra, India | |
| Benz Clothing Line Private Limited | ₹1.58 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India |
To see the full peer comparison of Miracle Clothing Private Limited, buy the company report.
Auditor
Miracle Clothing Private Limited is audited by DESAI SHAH & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DESAI SHAH & ASSOCIATES | FY 2018 | 118174W |
Shareholding
The shareholding of Miracle Clothing Private Limited 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 Miracle Clothing Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2004 | 90387669 | Uco Bank | ₹95 Lakh | Open | |
| 20 Oct 1998 | 90376282 | Andhra Bank | ₹40 Lakh | Open | |
| 31 Jan 2017 | 100079398 | Others | ₹1 Cr | Satisfied | |
| 11 Aug 2016 | 100044390 | Others | ₹1 Cr | Satisfied | |
| 27 Jun 2016 | 100037704 | Others | ₹29 Lakh | Satisfied |
To see the full charge records of Miracle Clothing Private Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Miracle Clothing Private Limited has 8 court cases on record: 7 filed by Miracle Clothing, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Authorised Officer,/ Chief Manager , the Saraswat Co-Op. Bank and Ors | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by The Saraswat Co Op Bank Ltd Th Mr S G Tendulkar | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against individuals | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Miracle Clothing 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Miracle Clothing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Miracle Clothing has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Miracle Clothing Private Limited, buy the company report.
Recent activity
Miracle Clothing Private Limited has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Archana Bhargava Mukesh ceased to be Director on 31 Mar 2009.
28 earlier events are in the company report.
Frequently asked questions
Miracle Clothing is an active private limited company based in Mumbai, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 21 October 2004 (22+ years old) and is registered under CIN U18101MH2004PTC149205.
Miracle Clothing has 2 current directors:
- Siddharth Chaudhary - Director
- Jyoti Siddharth Chaudhary - Director
The latest financial statements of Miracle Clothing 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.
No. Miracle Clothing has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Miracle Clothing is U18101MH2004PTC149205. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Miracle Clothing has 8 court cases on record: 7 filed by the company and 1 filed against it. Most are in the district courts.
Miracle Clothing was incorporated on 21 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Miracle Clothing by revenue are Kolour Industries Limited, Jainco Polysyntex Private Limited, Benz Clothing Line Private Limited, all in the Apparel industry (Branded Wear, Textiles), with the same principal business activity (textile, leather and other apparel products).
Archana Bhargava Mukesh ceased to be Director on 31 Mar 2009. Mukesh Kantanath Bhargava ceased to be Director on 31 Mar 2009. Jyoti Siddharth Chaudhary was appointed as Director on 21 Oct 2004. Miracle Clothing has 4 board changes on record in total.
Miracle Clothing can be reached through the website miracle-clothing.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Miracle Clothing is at 4087 – 88 B Wing Oberoi Gardenest Chandivali Farm Road Off Sakivihar Rd Andheri E, Mumbai, Maharashtra, India – 400072.