Spads Textiles Limited
About Spads Textiles Limited
Data last updated:
Spads Textiles Limited is a public limited company based in Hyderabad, Telangana, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 25 November 2005.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U17110TG2005PLC048188. Its GSTIN is 37AAJCS6350B1ZF (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹16.95 Cr. It is led by directors including Siva Nagendramma Medisetty and Venkata Rattaiah Medisetty.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at 5 4 726 Station Road Nampally, Hyderabad, Telangana, India – 500001.
As per the financials filed for FY 2015, the company reported a revenue of ₹19.62 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹9.04 Lakh (net margin 0.5%) and EBITDA of ₹2.85 Cr (EBITDA margin 14.5%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹18.04 Cr and satisfied charges of ₹3 Cr on record. Court records list 15 cases involving the company, including 4 filed by the company and 11 filed against it; 3 cases are pending.
Company details
CIN history
Spads Textiles has one previous CIN (Corporate Identification Number): U17110AP2005PLC048188. The current CIN is U17110TG2005PLC048188, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17110TG2005PLC048188 | Current |
| U17110AP2005PLC048188 | Previous |
Contact details
Spads Textiles Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address5 4 726 Station Road Nampally, Hyderabad, Telangana, India – 500001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Spads Textiles 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
Financials of Spads Textiles Limited
FY 2015 filings availableSpads Textiles Limited reported revenue of ₹19.62 Cr (down 12% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over three years, including a 12% fall 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹19.62 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹2.85 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹9.04 Lakh |
| 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 14.5% |
| Net Profit Margin | 0.5% |
| 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 Spads Textiles Limited, buy the company report.
Board of directors of Spads Textiles Limited
Spads Textiles has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkata Rattaiah Medisetty | Additional Director | 25 Mar 2013 | 13 Years 7 Months | As last reported |
| Medisetty Venkata Ramana | Additional Director | 25 Mar 2013 | 13 Years 7 Months | As last reported |
| Siva Nagendramma Medisetty | Director | 02 Oct 2013 | 13 Years 1 Months | As last reported |
Auditor
Spads Textiles Limited is audited by M V PRASAD & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M V PRASAD & CO | FY 2015 | 012979S |
Shareholding
The shareholding of Spads Textiles Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Spads Textiles Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Oct 2006 | 10046056 | State Bank of India | ₹18.04 Cr | Open | |
| 15 Sep 2012 | 10381679 | State Bank of India | ₹3 Cr | Satisfied |
To see the full charge records of Spads Textiles Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Spads Textiles Limited has 15 court cases on record: 4 filed by Spads Textiles, 11 filed against it. 3 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 7 | 2 |
| District courts | 2 | 1 | 1 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Revision petition | Filed against the company by M/S Kennigton Industries Pvt Ltd and 1 other | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed against the company by M/S Kennigton Industries Pvt Ltd | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by VST Weaves India Pvt Ltd | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against State of Andhra Pradesh and 3 others | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Spads Textiles 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 Spads Textiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spads Textiles Limited has a workforce of 2 employees on its EPFO records as of Jan 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 2 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 |
To see the full employee and EPFO history of Spads Textiles Limited, buy the company report.
GST
Spads Textiles has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAJCS6350B1ZF | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spads Textiles Limited, buy the company report.
Recent activity
Spads Textiles Limited has 8 board changes on record since 2013: 3 appointments and 5 cessations. The latest: Medisetty Venkata Nagarjuna ceased to be Director on 06 May 2016.
3 earlier events are in the company report.
Frequently asked questions
Spads Textiles is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Spads Textiles is a company under liquidation, formerly operating as a public limited company based in Hyderabad, Telangana, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 25 November 2005 and is registered under CIN U17110TG2005PLC048188. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Spads Textiles has 3 current directors:
- Venkata Rattaiah Medisetty - Additional Director
- Medisetty Venkata Ramana - Additional Director
- Siva Nagendramma Medisetty - Director
The latest financial statements of Spads Textiles on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Spads Textiles is U17110TG2005PLC048188. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spads Textiles has open charges of ₹18.04 Cr and satisfied charges of ₹3 Cr as per latest MCA filings.
Spads Textiles has 15 court cases on record: 4 filed by the company and 11 filed against it. 3 are pending. Most are in the high courts.
Spads Textiles was incorporated on 25 November 2005. It is registered with the Registrar of Companies, Hyderabad.
Medisetty Venkata Nagarjuna ceased to be Director on 06 May 2016. Ravichand Samineni ceased to be Director on 07 Oct 2013. Siddineni Jayashree Rao ceased to be Director on 07 Oct 2013. Spads Textiles has 8 board changes on record in total.
The registered office of Spads Textiles is at 5 4 726 Station Road Nampally, Hyderabad, Telangana, India – 500001.
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