About No Exit Clothing Private Limited
Data last updated:
No Exit Clothing Private Limited is a private limited company based in Punjab, 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 27 June 1995.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18101PB1995PTC016665. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹56.5 Lakh. It is led by directors Amit Kumar and Gurpreet Singh.
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 is at # 9 Madan Mohan Malviya Road Amritsar, Punjab, India.
As per the financials filed for FY 2022, the company reported a revenue of ₹11,524, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹1.71 Lakh and EBITDA of -₹1.54 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 95% over three years and 84% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.14 Cr and satisfied charges of ₹5.46 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The last known website on record is noexit.in.
Company details
Contact details
No Exit Clothing Private Limited's registered office is in Punjab. Its website is noexit.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address# 9 Madan Mohan Malviya Road Amritsar, Punjab, India
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of No Exit Clothing 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 No Exit Clothing is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
Financials of No Exit Clothing Private Limited
FY 2022 filings availableNo Exit Clothing Private Limited reported revenue of ₹11,524 (down 100% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 84% over five years. EBITDA rose 99% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11,524 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.54 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.71 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of No Exit Clothing Private Limited, buy the company report.
Board of directors of No Exit Clothing Private Limited
No Exit Clothing has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Kumar | Director | 25 Mar 2021 | 5 Years 7 Months | As last reported |
| Gurpreet Singh | Director | 27 Jun 1995 | 31 Years 3 Months | As last reported |
Peer comparison
No Exit Clothing Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ishan Textile Mills Limited | ₹11,952 (FY 2016) | -100.0% | Chandigarh, India | |||
| Saaketh Ginning Mills Private Limited | ₹11,923 (FY 2025) | -85.0% | Hyderabad, Telangana, India | |||
| No Exit Clothing Private Limitedthis company | ₹11,524 (FY 2022) | -₹1.71 Lakh | -100.0% | 1 | Punjab, India | |
| Kareems Silk International Limited | ₹11,500 (FY 2025) | -100.0% | Mysore, Karnataka, India | |||
| Aryan Clothing Company Private Limited | ₹11,488 (FY 2024) | -29.0% | Kolhapur, Maharashtra, India |
To see the full peer comparison of No Exit Clothing Private Limited, buy the company report.
Auditor
No Exit Clothing Private Limited is audited by Rajesh Girotra for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rajesh Girotra | FY 2022 | 087274 |
Shareholding
The shareholding of No Exit Clothing Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of No Exit Clothing Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2007 | 10085192 | Icici Bank Limited | ₹16.9 Lakh | Open | |
| 15 Oct 2007 | 10078969 | Federal Bank Limited | ₹2.13 Lakh | Open | |
| 11 Nov 2002 | 90172769 | Hdfc Bank Limited | ₹3.65 Cr | Open | |
| 11 Nov 2002 | 90311797 | Bank of Punjab Ltd. | ₹30 Lakh | Open | |
| 29 Jul 2011 | 10305595 | Kotak Mahindra Bank Limited | ₹5.35 Cr | Satisfied |
To see the full charge records of No Exit Clothing Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
No Exit Clothing Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Clarks Future Footwear Pvt Ltd | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by M/S Givo Fashions Pvt Ltd | Disposed |
To see the full case history of No Exit Clothing 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 No Exit Clothing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
No Exit Clothing Private Limited has a workforce of 1 employees on its EPFO records as of Mar 24, 2024, across 1 active EPFO establishment.
GST
No Exit Clothing has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of No Exit Clothing Private Limited, buy the company report.
Recent activity
No Exit Clothing Private Limited has 6 board changes on record since 1995: 2 appointments and 4 cessations. The latest: Amit Kumar was appointed as Director on 25 Mar 2021.
11 earlier events are in the company report.
Frequently asked questions
No Exit Clothing 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.
No Exit Clothing is a company under insolvency, formerly operating as a private limited company based in Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 June 1995 and is registered under CIN U18101PB1995PTC016665. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
No Exit Clothing has 2 current directors:
- Amit Kumar - Director
- Gurpreet Singh - Director
The latest financial statements of No Exit Clothing 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.
The CIN (Corporate Identification Number) of No Exit Clothing is U18101PB1995PTC016665. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
No Exit Clothing has open charges of ₹4.14 Cr and satisfied charges of ₹5.46 Cr as per latest MCA filings.
No Exit Clothing has 2 court cases on record: 2 filed against it.
No Exit Clothing was incorporated on 27 June 1995. It is registered with the Registrar of Companies, Chandigarh.
The peers of No Exit Clothing by revenue are Ishan Textile Mills Limited, Saaketh Ginning Mills Private Limited, Kareems Silk International Limited, Aryan Clothing Company Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Amit Kumar was appointed as Director on 25 Mar 2021. Vikrant Mehra ceased to be Director on 25 Mar 2021. Ratna ceased to be Director on 06 Jul 2020. No Exit Clothing has 6 board changes on record in total.
No Exit Clothing can be reached through the website noexit.in. Its registered office is in Punjab, India.