MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-DL-11-0028815
Modern Knit Works Private Limited - consumer goods in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹61.92 Lakh
▲ 71% YoY
Net profit · FY 2023
₹19,549
Net margin 0.3%
EBITDA · FY 2023
₹2.46 Lakh
EBITDA margin 4%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
3
GST registered
About Modern Knit Works Private Limited
Data last updated:
Modern Knit Works Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 23 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL2019PTC344850. Its GSTIN is 07AAMCM3861E1ZD (Delhi). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Uma Astir and Keshav Astir.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at D/E – 115 Tagore Garden, New Delhi, Delhi, India – 110027.
As per the financials filed for FY 2023, the company reported a revenue of ₹61.92 Lakh, a growth of 71% compared to the previous year. For the same year it recorded a net profit of ₹19,549 (net margin 0.3%) and EBITDA of ₹2.46 Lakh (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years.
Court records list 3 cases involving the company, including 3 filed against it; 2 cases are pending.
Modern Knit Works Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-11-0028815). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modernlace.in.
Company details
CIN U51909DL2019PTC344850
Registration Number 344850
Incorporation Date 23 January 2019
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-DL-11-0028815
Recognitions & Rankings of Modern Knit Works
Contact details
Modern Knit Works Private Limited's registered office is in New Delhi, Delhi. Its website is modernlace.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD/E – 115 Tagore Garden, New Delhi, Delhi, India – 110027
- IndustryConsumer Goods, Home Furnishings Manufacturing
To see the full contact details of Modern Knit Works Private Limited, buy the company report.
Comprehensive company report
Modern Knit Works Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Modern Knit Works 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 Modern Knit Works Private Limited, buy the company report.
Financials of Modern Knit Works Private Limited
FY 2023 filings availableModern Knit Works Private Limited reported revenue of ₹61.92 Lakh (up 71% YoY) for FY 2023.
Revenue · FY 2023
₹61.92 Lakh ▲ 71%
Net profit · FY 2023
₹19,549 margin 0.3%
EBITDA · FY 2023
₹2.46 Lakh margin 4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 71%
3 years · compounded
▲ 49%
EBITDA CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 49% over three years, including 71% growth in the latest year. EBITDA rose 14% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.46 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19,549 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Modern Knit Works Private Limited, buy the company report.
Board of directors of Modern Knit Works Private Limited
Modern Knit Works has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Keshav Astir Also directs: Alien8 Designs Private Limited | Additional Director | 15 Jan 2024 | 2 Years 9 Months | Current |
| Uma Astir Also directs: Alien8 Designs Private Limited | Director | 23 Jan 2019 | 7 Years 9 Months | Current |
Auditor
Modern Knit Works Private Limited is audited by SANJAY DEEP & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY DEEP & ASSOCIATES | FY 2022 | 015951N |
Shareholding
The shareholding of Modern Knit Works Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Modern Knit Works Private Limited, buy the company report.
Legal cases
Modern Knit Works Private Limited has 3 court cases on record: 3 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed against the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Execution petition | Filed against the company by Lal Oil and General Mills Pvt Ltd | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Parag Casual Wears Pvt Ltd | Pending |
| District court, West, Delhi | Commercial suit | Filed against the company by Lal Oil and General Mills Pvt Ltd Through Its Ar | Disposed |
To see the full case history of Modern Knit Works 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 Modern Knit Works Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Modern Knit Works has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAMCM3861E1ZD | Delhi | Active | 23 Mar 2019 |
| 09AAMCM3861E1Z9 | Uttar Pradesh | Active | 27 Jul 2019 |
| 06AAMCM3861E1ZF | Haryana | Active | 26 Aug 2021 |
To see the full GST registrations and return filing status of Modern Knit Works Private Limited, buy the company report.
Recent activity
Modern Knit Works Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Prashant Astir Kumar ceased to be Additional Director on 20 Jan 2024.
Ceased
Prashant Astir Kumar ceased to be Additional Director.
Appointed
Keshav Astir was appointed as Additional Director.
Ceased
Mahender Singh ceased to be Additional Director.
Ceased
Vandana Astir ceased to be Director.
AGM
Modern Knit Works Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Modern Knit Works Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
Appointed
Uma Astir was appointed as Director.
Incorporation
23 Jan 2019
Modern Knit Works Private Limited was registered on 23 Jan 2019 with Roc Delhi & aged 7 years 9 months as per MCA records.
Frequently asked questions
Modern Knit Works is an active private limited company based in New Delhi, Delhi, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 23 January 2019 (7+ years old) and is registered under CIN U51909DL2019PTC344850.
Modern Knit Works has 2 current directors:
- Keshav Astir - Additional Director
- Uma Astir - Director
The latest financial statements of Modern Knit Works on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Modern Knit Works is 07AAMCM3861E1ZD, registered in Delhi. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 09AAMCM3861E1Z9 (Uttar Pradesh), 06AAMCM3861E1ZF (Haryana).
The CIN (Corporate Identification Number) of Modern Knit Works is U51909DL2019PTC344850. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Knit Works has 3 court cases on record: 3 filed against it. 2 are pending.
Modern Knit Works was incorporated on 23 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Prashant Astir Kumar ceased to be Additional Director on 20 Jan 2024. Keshav Astir was appointed as Additional Director on 15 Jan 2024. Mahender Singh ceased to be Additional Director on 15 Jan 2024. Modern Knit Works has 5 board changes on record in total.
Yes, Modern Knit Works is registered as a micro enterprise under Udyam registration (number: UDYAM-DL-11-0028815).
Modern Knit Works can be reached through the website modernlace.in. Its registered office is in New Delhi, Delhi, India.
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