About Best Textiles Limited.
Data last updated:
Best Textiles Limited. is a public limited company based in New Delhi, Delhi, India, a subsidiary of Best Global Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 05 August 1996.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51390DL1996PLC157651. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹9.85 Cr. It was formerly known as Spank Marketing and Services Private Limited. It is led by directors including Sanjeev Dhawan (Managing Director) and Ashok Rawat.
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 B – 85 Okhla Industrial Area Phase – II, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2017, the company reported a revenue of ₹15.28 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹32.46 Cr (net margin -212.5%) and EBITDA of -₹25.71 Cr (EBITDA margin -168.3%).
The company has about 10 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹244.8 Cr and satisfied charges of ₹3.48 Cr on record. Court records list 44 cases involving the company, including 10 filed by the company and 34 filed against it; 12 cases are pending.
The last known website on record is besttextiles.in.
Company details
Contact details
Best Textiles Limited.'s registered office is in New Delhi, Delhi. Its website is besttextiles.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressB – 85 Okhla Industrial Area Phase – II, New Delhi, Delhi, India – 110020
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Best Textiles 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 Best Textiles Limited 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 Best Textiles Limited., buy the company report.
Financials of Best Textiles Limited.
FY 2018 filings availableBest Textiles Limited. reported revenue of ₹15.28 Cr (down 3% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year. EBITDA fell 14% 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 | ₹15.28 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹25.71 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹32.46 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -168.3% | ||
| Net Profit Margin | -212.5% | ||
| 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 Best Textiles Limited., buy the company report.
Board of directors of Best Textiles Limited.
Best Textiles Limited has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Rawat | Director | 01 Feb 2017 | 9 Years 8 Months | As last reported |
| Sanjeev Dhawan Also directs: Best Natural Resources Limited, Best Global Limited, Salil Textiles Private Limited and 3 more | Managing Director | 05 Aug 1996 | 30 Years 2 Months | As last reported |
| Rajvir Singh Kushwaha | Director | 20 Nov 2015 | 10 Years 11 Months | As last reported |
Peer comparison
Best Textiles Limited. is compared with the 8 companies closest to it by revenue in the Manufacturing industry (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 |
|---|---|---|---|---|---|---|
| Ashoka Hosiery Private Limited | ₹71.51 Cr (FY 2024) | -13.0% | New Delhi, Delhi, India | |||
| Century Cotton Private Limited | ₹71.5 Cr (FY 2025) | 37.0% | Ahmedabad, Gujarat, India | |||
| R.M.X Joss Fashions Private Limited | ₹71.48 Cr (FY 2024) | -4.0% | New Delhi, Delhi, India | |||
| Mitva Fabrics Private Limited | ₹71.46 Cr (FY 2024) | -4.0% | Mumbai, Maharashtra, India | |||
| Sonale Fabrics Private Limited | ₹71.35 Cr (FY 2024) | 40.0% | Mumbai, Maharashtra, India | |||
| Traditional Gallery Private Limited | ₹71.27 Cr (FY 2025) | 32.0% | Mansarover, Rajasthan, India | |||
| Thangamman Fashions Private Limited | ₹71.25 Cr (FY 2024) | Tiruppur, Tamil Nadu, India | ||||
| Sri Anjaneya Cotton Mills Limited | ₹71.22 Cr (FY 2020) | -9.0% | Davanagere, Karnataka, India | |||
| Best Textiles Limited.this company | ₹15.28 Cr (FY 2017) | -₹32.46 Cr | -212.5% | -3.0% | 10 | New Delhi, Delhi, India |
To see the full peer comparison of Best Textiles Limited., buy the company report.
Auditor
Best Textiles Limited. is audited by GUNJAN AGRAWAL & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUNJAN AGRAWAL & ASSOCIATES | FY 2017 | 021717N |
Shareholding
The shareholding of Best Textiles 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 Best Textiles Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2014 | 10510029 | Oriental Bank of Commerce | ₹20 Cr | Open | |
| 28 Feb 2013 | 10417298 | Oriental Bank of Commerce | ₹2 Cr | Open | |
| 30 Jun 2011 | 10295469 | Oriental Bank of Commerce | ₹1 Cr | Open | |
| 05 Sep 2009 | 10178338 | Oriental Bank of Commerce | ₹80 Lakh | Open | |
| 13 Aug 2007 | 10067849 | Oriental Bank of Commerce | ₹10 Lakh | Open |
To see the full charge records of Best Textiles Limited., buy the company report.
Total charge records: 8 View all charges
Legal cases
Best Textiles Limited. has 44 court cases on record: 10 filed by Best Textiles Limited, 34 filed against it. 12 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 40 | 31 | 12 |
| High courts | 4 | 3 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Criminal case | Filed against the company by Ms Marut Nandan Textiles Ltd | Pending |
| District court, West, Delhi | Criminal case | Filed against the company by Om Trans Logistics Ltd | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by Ms Haiko Logistics India Pvt Ltd | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by Ms Ansun Multitech (India) Ltd | Disposed |
| District court, Central, Delhi | Criminal case | Filed against the company by Income Tax Office | Pending |
To see the full case history of Best Textiles 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 Best Textiles Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Best Textiles Limited has 2 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Best Natural Resources Limited | U15144DL2008PLC181626 | |
| Best Retail Limited | U52190DL2008PLC172820 |
To see the full group structure of Best Textiles Limited., buy the company report.
Employees & EPFO
Best Textiles Limited. has a workforce of 10 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
GST
Best Textiles Limited has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Best Textiles Limited., buy the company report.
Recent activity
Best Textiles Limited. has 9 board changes on record since 1996: 3 appointments and 6 cessations. The latest: Rakesh Kumar Chhoker ceased to be Company Secretary on 31 Jan 2018.
11 earlier events are in the company report.
Frequently asked questions
Best Textiles Limited is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Best Textiles Limited is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 05 August 1996 and is registered under CIN U51390DL1996PLC157651. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Best Textiles Limited has 3 current directors:
- Sanjeev Dhawan - Managing Director
- Ashok Rawat - Director
- Rajvir Singh Kushwaha - Director
The latest financial statements of Best Textiles Limited 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 CIN (Corporate Identification Number) of Best Textiles Limited is U51390DL1996PLC157651. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Best Textiles Limited has open charges of ₹244.8 Cr and satisfied charges of ₹3.48 Cr as per latest MCA filings.
Best Textiles Limited has 44 court cases on record: 10 filed by the company and 34 filed against it. 12 are pending. Most are in the district courts.
Best Textiles Limited was incorporated on 05 August 1996. It is registered with the Registrar of Companies, Delhi.
The peers of Best Textiles Limited by revenue are Ashoka Hosiery Private Limited, Century Cotton Private Limited, R.M.X Joss Fashions Private Limited, Mitva Fabrics Private Limited, Sonale Fabrics Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Rakesh Kumar Chhoker ceased to be Company Secretary on 31 Jan 2018. Ashok Rawat ceased to be Additional Director on 30 Sep 2017. Ashok Rawat was appointed as Director on 01 Feb 2017. Best Textiles Limited has 9 board changes on record in total.
Best Textiles Limited can be reached through the website besttextiles.in. Its registered office is in New Delhi, Delhi, India.