About Loyal International Sourcing Private Limited
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Loyal International Sourcing Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Loyal Textile Mills Limited. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the fashion retail segment of the fashion and textiles sector. It was incorporated on 29 October 2014.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U51909TN2014PTC097852. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2 Lakh. It was led by directors Palaniappan Manivannan and Valli Ramaswami Manikam.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at New No. 83 First Main Road R.A.Puram, Chennai, Tamil Nadu, India – 600028.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.65 Cr. For the same year it recorded a net profit of ₹1.13 Cr (net margin 68.7%) and EBITDA of ₹1.21 Cr (EBITDA margin 73.2%).
Court records list 4 cases involving the company, including 4 filed by the company.
The last known website on record is loyaltextiles.com.
Company details
Contact details
Loyal International Sourcing Private Limited's registered office is in Chennai, Tamil Nadu. Its website is loyaltextiles.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressNew No. 83 First Main Road R.A.Puram, Chennai, Tamil Nadu, India – 600028
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Loyal International Sourcing 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 Loyal International Sourcing is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Loyal International Sourcing Private Limited, buy the company report.
Financials of Loyal International Sourcing Private Limited
FY 2022 filings availableLoyal International Sourcing Private Limited reported revenue of ₹1.65 Cr for FY 2022.
Financial Statement Summary
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| EBITDA | ₹1.21 Cr | ||||
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| Net Profit (PAT) | ₹1.13 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | 73.2% | ||||
| Net Profit Margin | 68.7% | ||||
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To see the full financial statements and ratios of Loyal International Sourcing Private Limited, buy the company report.
Board of directors of Loyal International Sourcing Private Limited
Loyal International Sourcing 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 |
|---|---|---|---|---|
| Palaniappan Manivannan | Director | 19 Oct 2017 | 9 Years 0 Months | As last reported |
| Valli Ramaswami Manikam Also directs: Demeter Agri Services LLP, Valli Jersy Fabrics LLP, Chintamani Cotton Trading LLP and 5 more | Director | 29 Oct 2014 | 12 Years 0 Months | As last reported |
Auditor
Loyal International Sourcing Private Limited is audited by SURI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURI & CO | FY 2021 | 004283S |
Shareholding
The shareholding of Loyal International Sourcing Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Loyal International Sourcing Private Limited, buy the company report.
Legal cases
Loyal International Sourcing Private Limited has 4 court cases on record: 4 filed by Loyal International Sourcing. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruppur, Tamil Nadu | Criminal case | Filed by the company against M/S.Swathika Textile Mills (P) Ltd., Managing Director Mr.G.Shanmuganathan and 3 others | Disposed |
| District court, Tiruppur, Tamil Nadu | Criminal complaint | Filed by the company against Ms Swathika Textile Mills P Ltd | Disposed |
| District court, Tiruppur, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
To see the full case history of Loyal International Sourcing 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 Loyal International Sourcing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Loyal International Sourcing 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 Loyal International Sourcing Private Limited, buy the company report.
Recent activity
Loyal International Sourcing Private Limited has 5 board changes on record since 2014: 2 appointments and 3 cessations. The latest: Palaniappan Manivannan ceased to be Additional Director on 25 Sep 2018.
News
Frequently asked questions
Loyal International Sourcing has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Loyal International Sourcing was a private limited company based in Chennai, Tamil Nadu, India. The company worked in fashion retail, within the fashion and textile industry. It was incorporated on 29 October 2014 and is registered under CIN U51909TN2014PTC097852. The company has been struck off by the Registrar of Companies and is no longer operational.
Loyal International Sourcing had 2 directors:
- Palaniappan Manivannan - Director
- Valli Ramaswami Manikam - Director
The CIN (Corporate Identification Number) of Loyal International Sourcing is U51909TN2014PTC097852. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Loyal International Sourcing is at New No. 83 First Main Road R.A.Puram, Chennai, Tamil Nadu, India – 600028.
Loyal International Sourcing was incorporated on 29 October 2014. It is registered with the Registrar of Companies, Chennai.
Loyal International Sourcing can be reached through the website loyaltextiles.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Loyal International Sourcing on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Loyal International Sourcing has 1 GST registration on record and it is cancelled or inactive.
Loyal International Sourcing operated in the fashion and textile industry, in the fashion retail segment. It worked in this industry before it was struck off.
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