Oswal Worsted Spinners Limited
About Oswal Worsted Spinners Limited
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Oswal Worsted Spinners Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the home furnishings and accessories retail segment of the home and lifestyle products sector. It was incorporated on 28 September 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17115PB1987PLC007696.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹70 Lakh. It is led by directors including Satish Oswal and Anubhav Oswal.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 92 Vijay Nagar Industrial Area A, Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2019, the company reported a revenue of ₹19.63 Lakh, a growth of 71% compared to the previous year. For the same year it recorded a net loss of ₹29,832 (net margin -1.5%) and EBITDA of -₹28,479 (EBITDA margin -1.5%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years.
As per MCA filings, the company has open charges of ₹1.45 Cr and satisfied charges of ₹21.56 Cr on record. Court records list 9 cases involving the company, including 7 filed by the company and 2 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Oswal Worsted Spinners has one previous CIN (Corporate Identification Number): L17115PB1987PLC007696. The current CIN is U17115PB1987PLC007696, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17115PB1987PLC007696 | Current |
| L17115PB1987PLC007696 | Previous |
Contact details
Oswal Worsted Spinners Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address92 Vijay Nagar Industrial Area A, Ludhiana, Punjab, India – 141003
- IndustryHome & Lifestyle, Home Furnishings & Accessories Retail
To see the full contact details of Oswal Worsted Spinners 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 Oswal Worsted Spinners 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 Oswal Worsted Spinners Limited, buy the company report.
Financials of Oswal Worsted Spinners Limited
FY 2019 filings availableOswal Worsted Spinners Limited reported revenue of ₹19.63 Lakh (up 71% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 71% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 19%. EBITDA fell 162% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹28,479 | ||||
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| Net Profit (PAT) | -₹29,832 | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.5% | ||||
| Net Profit Margin | -1.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Oswal Worsted Spinners Limited, buy the company report.
Board of directors of Oswal Worsted Spinners Limited
Oswal Worsted Spinners has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Oswal Also directs: Oswal Spinning Limited, Oswal Cottex Exports Limited, Rajen and Santosh Private Ltd and 4 more | Director | 10 Jun 1998 | 28 Years 4 Months | Current |
| Anubhav Oswal Also directs: Oswal Cottex Exports Limited, Oswal Agroils Limited, Oswal Capital Services Limited and 3 more | Director | 30 Sep 2010 | 16 Years 1 Months | Current |
| Raj Paul Oswal Also directs: Oswal Spinning Limited, Oswal Cottex Exports Limited, Rajen and Santosh Private Ltd and 1 more | Director | 10 Jun 1998 | 28 Years 4 Months | Current |
Peer comparison
Oswal Worsted Spinners Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Saisha Sales Private Limited | ₹20.07 Lakh (FY 2024) | 12.0% | New Delhi, Delhi, India | |||
| Dreammate Private Limited | ₹19.76 Lakh (FY 2023) | 157.0% | Rourkela, Odisha, India | |||
| Oswal Worsted Spinners Limitedthis company | ₹19.63 Lakh (FY 2019) | -₹29,832 | -1.5% | 71.0% | Ludhiana, Punjab, India | |
| G H & Sons Trading Private Limited | ₹19.08 Lakh (FY 2025) | -27.0% | Bolangir, Odisha, India |
To see the full peer comparison of Oswal Worsted Spinners Limited, buy the company report.
Auditor
Oswal Worsted Spinners Limited is audited by GARG S. KUMAR & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GARG S. KUMAR & ASSOCIATES | FY 2017 | 097017 |
Shareholding
The shareholding of Oswal Worsted Spinners Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Oswal Worsted Spinners Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 1989 | 80012736 | Punjab State Industrial Development Corp | ₹90 Lakh | Open | |
| 29 Dec 1988 | 80012867 | Punjab Financial Corporation | ₹55 Lakh | Open | |
| 20 Mar 2002 | 80012732 | State Bank of Patiala | ₹21.56 Cr | Satisfied |
To see the full charge records of Oswal Worsted Spinners Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Oswal Worsted Spinners Limited has 9 court cases on record: 7 filed by Oswal Worsted Spinners, 2 filed against it. 3 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 2 | 0 |
| District courts | 2 | 0 | 2 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed by the company against M/S Indian Acrylics Limited | Pending |
| High Court, CHANDIGARH (UT) | Revision petition | Filed by the company against M/S Indian Acrylics Ltd. | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against M/S. Indian Acrylics Ltd. | Disposed |
| High Court, CHANDIGARH (UT) | Appeal | Filed against the company by M/S Indian Acrylics Ltd | Disposed |
| High Court, PUNJAB | Appeal | Filed by the company against M/S Indian Acrylics Ltd | Disposed |
To see the full case history of Oswal Worsted Spinners 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 Oswal Worsted Spinners Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Oswal Worsted Spinners Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Oswal Worsted Spinners Limited has 4 board changes on record since 1998: 3 appointments and 1 cessation. The latest: Anubhav Oswal was appointed as Director on 30 Sep 2010.
2 earlier events are in the company report.
Frequently asked questions
Oswal Worsted Spinners is an active public limited company based in Ludhiana, Punjab, India. The company works in home furnishings and accessories retail, within the home and lifestyle industry. It was incorporated on 28 September 1987 (39+ years old) and is registered under CIN U17115PB1987PLC007696.
Oswal Worsted Spinners has 3 current directors:
- Satish Oswal - Director
- Anubhav Oswal - Director
- Raj Paul Oswal - Director
The latest financial statements of Oswal Worsted Spinners on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Oswal Worsted Spinners is U17115PB1987PLC007696. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oswal Worsted Spinners has 9 court cases on record: 7 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
Oswal Worsted Spinners was incorporated on 28 September 1987, making it 39+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Oswal Worsted Spinners by revenue are Saisha Sales Private Limited, Dreammate Private Limited, G H & Sons Trading Private Limited, all in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution), with the same principal business activity (wholesale trading).
Anubhav Oswal was appointed as Director on 30 Sep 2010. Inder Singh ceased to be Director on 30 Sep 2010. Raj Paul Oswal was appointed as Director on 10 Jun 1998. Oswal Worsted Spinners has 4 board changes on record in total.
The registered office of Oswal Worsted Spinners is at 92 Vijay Nagar Industrial Area A, Ludhiana, Punjab, India – 141003.
Oswal Worsted Spinners operates in the home and lifestyle industry, in the home furnishings and accessories retail segment.
Oswal Worsted Spinners has open charges of ₹1.45 Cr and satisfied charges of ₹21.56 Cr as per latest MCA filings.
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