About MSH Sarees Private Limited
Data last updated:
MSH Sarees Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 24 September 2002.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51310MH2002PTC137332. Its GSTIN is 09AADCM8835H1Z4 (Uttar Pradesh). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.75 Cr. It is led by directors Pappu Tiwari and Rahul Jashnani (Person Incharge).
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 207 Crystal Centretunga Village Raheja Vihar Andheri (East), Mumbai, Maharashtra, India – 400073.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.12 Cr, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹4.53 Cr (net margin -213.1%) and EBITDA of -₹2.75 Cr (EBITDA margin -129.3%). Revenue has declined at a compounded annual rate (CAGR) of 67% over three years and 50% over five years.
The company has about 294 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹5.59 Cr on record. Court records list 36 cases involving the company, including 8 filed by the company and 28 filed against it; 20 cases are pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹36 Cr; the latest was in January 2015.
The last known website on record is jashn.in.
Company details
Contact details
MSH Sarees Private Limited's registered office is in Mumbai, Maharashtra. Its website is jashn.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address207 Crystal Centretunga Village Raheja Vihar Andheri (East), Mumbai, Maharashtra, India – 400073
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of MSH Sarees 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 MSH Sarees is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of MSH Sarees Private Limited, buy the company report.
Financials of MSH Sarees Private Limited
FY 2021 filings availableMSH Sarees Private Limited reported revenue of ₹2.12 Cr (down 89% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years, including a 89% fall in the latest year. EBITDA rose 80% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.12 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹2.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.53 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -129.3% | ||||
| Net Profit Margin | -213.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of MSH Sarees Private Limited, buy the company report.
Board of directors of MSH Sarees Private Limited
MSH Sarees has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pappu Tiwari | Director | 20 Mar 2018 | 8 Years 7 Months | As last reported |
| Rahul Jashnani Also directs: Jashn Online Private Limited | Person Incharge | 01 Nov 2014 | 11 Years 11 Months | As last reported |
Auditor
MSH Sarees Private Limited is audited by VIJAY SHAH & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY SHAH & CO | FY 2021 | 113274W |
Shareholding
The shareholding of MSH Sarees Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of MSH Sarees Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2015 | 10553065 | Housing Development Finance Corporation Limited | ₹1.19 Cr | Satisfied | |
| 06 Jun 2008 | 10113080 | Icici Bank Limited | ₹3 Cr | Satisfied | |
| 24 Jun 2006 | 10057944 | Citi Bank N.A. | ₹90 Lakh | Satisfied | |
| 12 May 2006 | 10008525 | Bank of India | ₹50 Lakh | Satisfied |
To see the full charge records of MSH Sarees Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
MSH Sarees Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹36 Cr; the latest was in January 2015.
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2015 | Funding round | ₹35 Cr | Investors: Tano Capital |
| Jan 2015 | Secondary share transfer | Undisclosed | Seller: an individual |
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: Jashn ESOP Trust Seller: 2 individuals |
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of MSH Sarees Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
MSH Sarees Private Limited has 36 court cases on record: 8 filed by MSH Sarees, 28 filed against it. 20 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 23 | 18 |
| High courts | 9 | 4 | 1 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S Rangoli Sarees Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Arohan Financial Services Limited | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by Khushboo Weaves Private Limited and 3 others | Pending |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by Khushboo Weaves Pvt Ltd, Through Its Autho. Person- Mr. Pramod Kumar Bay | Pending |
| District court, Central, Delhi | Execution petition | Filed against the company by M/S Jainsons Lights Pvt. Ltd. | Disposed |
To see the full case history of MSH Sarees 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 MSH Sarees Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
MSH Sarees has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AADCM8835H1Z4 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MSH Sarees Private Limited, buy the company report.
Recent activity
MSH Sarees Private Limited has 10 board changes on record since 2012: 2 appointments and 8 cessations. The latest: Ashok Kumar Rampratap Yadav ceased to be Director on 01 Aug 2019.
10 earlier events are in the company report.
Frequently asked questions
MSH Sarees is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
MSH Sarees is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 24 September 2002 and is registered under CIN U51310MH2002PTC137332. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
MSH Sarees has 2 current directors:
- Pappu Tiwari - Director
- Rahul Jashnani - Person Incharge
The latest financial statements of MSH Sarees on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of MSH Sarees is U51310MH2002PTC137332. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MSH Sarees has no open charges and satisfied charges of ₹5.59 Cr as per latest MCA filings.
MSH Sarees has 36 court cases on record: 8 filed by the company and 28 filed against it. 20 are pending. Most are in the district courts.
MSH Sarees was incorporated on 24 September 2002. It is registered with the Registrar of Companies, Mumbai.
MSH Sarees has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹36 Cr; the latest was in January 2015.
Ashok Kumar Rampratap Yadav ceased to be Director on 01 Aug 2019. Pappu Tiwari was appointed as Director on 20 Mar 2018. Chander Kundandas Jashnani ceased to be Director on 06 Mar 2018. MSH Sarees has 10 board changes on record in total.