About Mudra Denim Private Limited
Data last updated:
Mudra Denim 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 textile and fabric production segment of the manufacturing sector. It was incorporated on 02 April 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH2007PTC169520. Its GSTIN is 27AACCT6485H2ZX (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹10.88 Cr. It was formerly known as Continental Denim Private Limited and Tulip Silk Mills Private Limited. It is led by directors including Ramratan Shyamsunder Kanoongo (Irp/Rp/Liquidator) and Arman Murari Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Wellington Business Park Building No.2 Gala No. 305 Andheri Kurla Road, Mumbai, Maharashtra, India – 400099.
As per the financials filed for FY 2017, the company reported a revenue of ₹127.22 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹3.76 Cr (net margin 3%) and EBITDA of ₹20.04 Cr (EBITDA margin 15.8%).
The company has about 47 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹221.09 Cr on record. Court records list 100 cases involving the company, including 14 filed by the company and 86 filed against it; 21 cases are pending. The company has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹31.12 Cr; the latest was in December 2018.
The last known website on record is mudradenim.com.
Company details
Name history
Mudra Denim has undergone 2 name changes throughout its history. The company was previously known as Continental Denim Private Limited, and Tulip Silk Mills Private Limited. The current legal name is Mudra Denim Private Limited.
| Company Name | Status |
|---|---|
| Mudra Denim Private Limited | Current |
| Continental Denim Private Limited | Previous |
| Tulip Silk Mills Private Limited | Previous |
Contact details
Mudra Denim Private Limited's registered office is in Mumbai, Maharashtra. Its website is mudradenim.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressWellington Business Park Building No.2 Gala No. 305 Andheri Kurla Road, Mumbai, Maharashtra, India – 400099
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Mudra Denim 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 Mudra Denim 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 Mudra Denim Private Limited, buy the company report.
Financials of Mudra Denim Private Limited
FY 2017 filings availableMudra Denim Private Limited reported revenue of ₹127.22 Cr (up 18% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 18% in the latest year. EBITDA rose 44% 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 | ₹127.22 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹20.04 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹3.76 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 | 15.8% | ||
| Net Profit Margin | 3% | ||
| 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 Mudra Denim Private Limited, buy the company report.
Board of directors of Mudra Denim Private Limited
Mudra Denim has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramratan Shyamsunder Kanoongo | Irp/Rp/Liquidator | 11 May 2023 | 3 Years 5 Months | As last reported |
| Arman Murari Agarwal | Director | 12 Jun 2012 | 14 Years 4 Months | As last reported |
| Murarilal Bisesarlal Agarwal | Director | 10 Feb 2013 | 13 Years 8 Months | As last reported |
Auditor
Mudra Denim Private Limited is audited by M V K ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M V K ASSOCIATES | FY 2017 | 120222W |
Shareholding
The shareholding of Mudra Denim Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mudra Denim Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2018 | 100212356 | Others | ₹3.93 Cr | Open | |
| 11 Jan 2018 | 100152027 | Others | ₹23.5 Cr | Open | |
| 21 Oct 2016 | 100060497 | Idbi Bank Limited | ₹50.5 Cr | Open | |
| 15 Jan 2016 | 10619084 | Others | ₹49.66 Cr | Open | |
| 15 Jan 2016 | 10619089 | Idbi Bank Limited | ₹29 Cr | Open |
To see the full charge records of Mudra Denim Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Mudra Denim Private Limited has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹31.12 Cr; the latest was in December 2018.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Rights issue | ₹2.33 Cr | Investors: New Berry Advisors Limited |
| Mar 2015 | Funding round | ₹10 Cr | Investors: 3 individuals |
| Aug 2014 | Funding round | ₹5.94 Cr | Investors: Valpus Biotech Private Limited, Radison Properties Private Limited , Suraksha Projects Limited |
| Jul 2013 | Funding round | ₹14.3 Cr | Investors: 3 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Mudra Denim 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
Mudra Denim Private Limited has 100 court cases on record: 14 filed by Mudra Denim, 86 filed against it. 21 cases are pending and 79 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 88 | 78 | 20 |
| High courts | 7 | 3 | 0 |
| NCLT | 5 | 5 | 1 |
Cases on record (5 of 100)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd. Through Its Authorised Office Mr. Nirav Patel | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by New Berry Advisors Ltd. Through Rahul Pawar | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Edelweiss Retail Finance Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Konark Synthetics Ltd | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Idbi Bank Limited | Disposed |
To see the full case history of Mudra Denim 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.
Credit ratings & regulatory alerts
Mudra Denim Private Limited was last rated by Crisil on 26 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 26 Aug 2020 |
To see the full credit ratings and regulatory alerts of Mudra Denim Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mudra Denim Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mudra Denim Private Limited has a workforce of 47 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Mudra Denim has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT6485H2ZX | Maharashtra | Active | 12 Apr 2018 |
| 24AACCT6485H1Z4 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mudra Denim Private Limited, buy the company report.
Recent activity
Mudra Denim Private Limited has 9 board changes on record since 2012: 3 appointments and 6 cessations. The latest: Ramratan Shyamsunder Kanoongo was appointed as Irp/Rp/Liquidator on 11 May 2023.
11 earlier events are in the company report.
Frequently asked questions
Mudra Denim 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.
Mudra Denim is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 02 April 2007 and is registered under CIN U17120MH2007PTC169520. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mudra Denim has 3 current directors:
- Arman Murari Agarwal - Director
- Murarilal Bisesarlal Agarwal - Director
- Ramratan Shyamsunder Kanoongo - Irp/Rp/Liquidator
The latest financial statements of Mudra Denim on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mudra Denim is U17120MH2007PTC169520. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mudra Denim has open charges of ₹221.09 Cr and no satisfied charges on record as per latest MCA filings.
Mudra Denim has 100 court cases on record: 14 filed by the company and 86 filed against it. 21 are pending. Most are in the district courts.
Mudra Denim was incorporated on 02 April 2007. It is registered with the Registrar of Companies, Mumbai.
Mudra Denim has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹31.12 Cr; the latest was in December 2018.
Ramratan Shyamsunder Kanoongo was appointed as Irp/Rp/Liquidator on 11 May 2023. Riya Murarilal Agarwal ceased to be Additional Director on 01 Mar 2018. Rita Devi Murari Lal Agarwal ceased to be Additional Director on 18 Jan 2014. Mudra Denim has 9 board changes on record in total.