Kwality Overseas Private Limited
About Kwality Overseas Private Limited
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Kwality Overseas Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 22 October 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17214PB2001PTC024727. Its GSTIN is 03AABCK6381J1ZI (Punjab). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.65 Cr. It is led by directors Geeta Goyal and Kanav Goyal.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 863 – Industrial Area – A, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2020, the company reported a revenue of ₹65.36 Cr, a decline of 77% compared to the previous year. For the same year it recorded a net profit of ₹5.87 Lakh (net margin 0.1%) and EBITDA of ₹3.17 Cr (EBITDA margin 4.8%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 6% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15.81 Cr on record. Court records list 30 cases involving the company, including 9 filed by the company and 21 filed against it; 7 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Kwality Overseas has one previous CIN (Corporate Identification Number): U51211PB2001PTC024727. The current CIN is U17214PB2001PTC024727, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17214PB2001PTC024727 | Current |
| U51211PB2001PTC024727 | Previous |
Contact details
Kwality Overseas Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address863 – Industrial Area – A, Ludhiana, Punjab, India – 141001
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Kwality Overseas 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 Kwality Overseas 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 Kwality Overseas Private Limited, buy the company report.
Financials of Kwality Overseas Private Limited
FY 2020 filings availableKwality Overseas Private Limited reported revenue of ₹65.36 Cr (down 77% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 77% fall in the latest year. EBITDA fell 28% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹65.36 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.87 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Kwality Overseas Private Limited, buy the company report.
Board of directors of Kwality Overseas Private Limited
Kwality Overseas has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geeta Goyal Also directs: Opes Chem Corp Private Limited, Cannon Industries Private Limited, Chand Goyal School Foundation and 1 more | Additional Director | 01 Dec 2023 | 2 Years 11 Months | Current |
| Kanav Goyal Also directs: Opes Chem Corp Private Limited, Cannon Industries Private Limited, Chand Goyal School Foundation and 5 more | Additional Director | 15 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Kwality Overseas Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Sel Textiles Limited | ₹65.64 Cr (FY 2021) | -23.0% | Ludhiana, Punjab, India | |||
| Amiee Collection Private Limited | ₹65.64 Cr (FY 2024) | -10.0% | Jaipur, Rajasthan, India | |||
| Gauri Shankar Processors Private Limited | ₹65.63 Cr (FY 2024) | 10.0% | Punjab, India | |||
| Kwality Overseas Private Limitedthis company | ₹65.36 Cr (FY 2020) | ₹5.87 Lakh | 0.1% | -77.0% | 4 | Ludhiana, Punjab, India |
| Vreyaan Processors Private Limited | ₹65.26 Cr (FY 2025) | 90.0% | Surat, Gujarat, India | |||
| Casablanca Apparels Private Limited | ₹65.26 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Arumugam Spinning Mills Private Limited | ₹65.23 Cr (FY 2025) | -3.0% | Kamarajar Dt, Tamil Nadu, India | |||
| Madhav Cotton Private Limited | ₹65.2 Cr (FY 2025) | -13.0% | Sendhwa, Madhya Pradesh, India |
To see the full peer comparison of Kwality Overseas Private Limited, buy the company report.
Auditor
Kwality Overseas Private Limited is audited by S KARAN SHARMA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S KARAN SHARMA & CO | FY 2020 | 006890N |
Shareholding
The shareholding of Kwality Overseas Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Kwality Overseas Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2011 | 10293284 | State Bank of Mysore | ₹15.81 Cr | Open |
To see the full charge records of Kwality Overseas Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Kwality Overseas Private Limited has 30 court cases on record: 9 filed by Kwality Overseas, 21 filed against it. 7 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 20 | 7 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Criminal case | Filed against the company by PNB Housing Finance Ltd. | Pending |
| District court, Ludhiana, Punjab | Appeal | Filed by the company against M/S Versatile Enterprises Pvt Ltd | Disposed |
| District court, North, Delhi | Court case (OMP (I) (COMM.)) | Filed against the company by Toyota Financial Services India Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by M/S Neutral Nvocc Private Limited | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Ms Versatile Enterprises Pvt Ltd | Disposed |
To see the full case history of Kwality Overseas 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 Kwality Overseas Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kwality Overseas Private Limited has a workforce of 4 employees on its EPFO records as of Mar 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 4 |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Kwality Overseas Private Limited, buy the company report.
GST
Kwality Overseas has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCK6381J1ZI | Punjab | Active | 01 Jul 2017 |
| 07AABCK6381J2Z9 | Delhi | Active | 24 Aug 2017 |
To see the full GST registrations and return filing status of Kwality Overseas Private Limited, buy the company report.
Recent activity
Kwality Overseas Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Kanav Goyal was appointed as Additional Director on 15 Sep 2024.
Frequently asked questions
Kwality Overseas is an active private limited company based in Ludhiana, Punjab, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 22 October 2001 (25+ years old) and is registered under CIN U17214PB2001PTC024727.
Kwality Overseas has 2 current directors:
- Geeta Goyal - Additional Director
- Kanav Goyal - Additional Director
The latest financial statements of Kwality Overseas on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Kwality Overseas is 03AABCK6381J1ZI, registered in Punjab. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 07AABCK6381J2Z9 (Delhi).
The CIN (Corporate Identification Number) of Kwality Overseas is U17214PB2001PTC024727. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kwality Overseas has 30 court cases on record: 9 filed by the company and 21 filed against it. 7 are pending. Most are in the district courts.
Kwality Overseas was incorporated on 22 October 2001, making it 25+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Kwality Overseas by revenue are Sel Textiles Limited, Amiee Collection Private Limited, Gauri Shankar Processors Private Limited, Vreyaan Processors Private Limited, Casablanca Apparels Private Limited and 2 more, all in the Apparel industry (Branded Wear, Textiles), with the same principal business activity (textile, leather and other apparel products).
Kanav Goyal was appointed as Additional Director on 15 Sep 2024. Rakeshkumar Sat Prakash Goyal ceased to be Director on 15 Sep 2024. Geeta Goyal was appointed as Additional Director on 01 Dec 2023. Kwality Overseas has 5 board changes on record in total.
The registered office of Kwality Overseas is at 863 – Industrial Area – A, Ludhiana, Punjab, India – 141001.
Kwality Overseas operates in the fashion and textile industry, in the designer and branded fashion segment.
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