About Oswal Spinning and Weaving Mills Ltd
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Oswal Spinning and Weaving Mills Ltd is a public limited company based in Ludhiana, Punjab, 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 19 September 1955.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L17111PB1955PLC001884. Its GSTIN is 03AAACO1971H4ZN (Punjab). The company holds 5 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹26.2 Cr. It is led by directors including Ashok Oswal (Managing Director) and Pawan Kumar Bahl.
Its last annual general meeting (AGM) was held on 23 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at #92 Industrial Area – A Near Kwality Chowk Ludhiana., Punjab, India – 141014.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.63 Cr, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹1.36 Cr (net margin -83.7%) and EBITDA of -₹1.05 Cr (EBITDA margin -64.7%).
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹173.71 Cr and satisfied charges of ₹87.09 Cr on record. Court records list 67 cases involving the company, including 28 filed by the company and 39 filed against it; 5 cases are pending.
The last known website on record is oswalcotton.com.
Company details
Contact details
Oswal Spinning and Weaving Mills Ltd's registered office is in Ludhiana, Punjab. Its website is oswalcotton.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#92 Industrial Area – A Near Kwality Chowk Ludhiana., Punjab, India – 141014
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Oswal Spinning and Weaving Mills Ltd, 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 Spinning and Weaving Mills 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 |
To see the full business activity and turnover split of Oswal Spinning and Weaving Mills Ltd, buy the company report.
Financials of Oswal Spinning and Weaving Mills Ltd
FY 2017 filings availableOswal Spinning and Weaving Mills Ltd reported revenue of ₹1.63 Cr (down 95% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 95% in the latest year. EBITDA rose 89% 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 | |||
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| Employee Benefit Expense | |||
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| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹1.05 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.36 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
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| Long-term Borrowings | |||
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| Trade Payables | |||
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| Inventories | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -64.7% | ||
| Net Profit Margin | -83.7% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| 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 Oswal Spinning and Weaving Mills Ltd, buy the company report.
Board of directors of Oswal Spinning and Weaving Mills Ltd
Oswal Spinning and Weaving Mills has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Oswal Also directs: Oswal Capital Services Limited | Managing Director | 11 Jun 1979 | 47 Years 4 Months | As last reported |
| Pawan Kumar Bahl | Director | 20 Mar 2006 | 20 Years 7 Months | As last reported |
| Raj Paul Oswal Also directs: Oswal Spinning Limited, Oswal Worsted Spinners Limited, Oswal Cottex Exports Limited and 2 more | Director | 30 May 1992 | 34 Years 5 Months | As last reported |
Peer comparison
Oswal Spinning and Weaving Mills Ltd is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Taurus Clothing Company Private Limited | ₹1.64 Cr (FY 2025) | -12.0% | New Delhi, Delhi, India | |||
| Sri Sakthi Textiles Private Limited | ₹1.64 Cr (FY 2023) | -30.0% | Coimbatore, Tamil Nadu, India | |||
| Unilabel Id Service India Private Limited | ₹1.64 Cr (FY 2025) | 18.0% | Chennai, Tamil Nadu, India | |||
| Oswal Spinning and Weaving Mills Ltdthis company | ₹1.63 Cr (FY 2017) | -₹1.36 Cr | -83.7% | -95.0% | 6 | Ludhiana, Punjab, India |
| Sunnywell Enterprises Private Limited | ₹1.63 Cr (FY 2024) | -27.0% | New Delhi, Delhi, India | |||
| Aarvish Polyfab Private Limited | ₹1.63 Cr (FY 2024) | -26.0% | Delhi, India | |||
| Ar. Power Weaving Mills Private Limited | ₹1.63 Cr (FY 2024) | 28.0% | Vedasandur Tk, Tamil Nadu, India |
To see the full peer comparison of Oswal Spinning and Weaving Mills Ltd, buy the company report.
Auditor
Oswal Spinning and Weaving Mills Ltd is audited by P. C. Goyal & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. C. Goyal & Co. | FY 2015 |
Shareholding
The shareholding of Oswal Spinning and Weaving Mills Ltd is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Oswal Spinning and Weaving Mills Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2012 | 10339554 | Uco Bank | ₹2 Cr | Open | |
| 22 Feb 2008 | 10098163 | Uco Bank | ₹17.48 Cr | Open | |
| 19 Nov 2007 | 10091278 | Kotak Mahindra Bank Limited | ₹53.37 Cr | Open | |
| 03 Jun 1997 | 90168918 | Ifci Limited | ₹14.3 Cr | Open | |
| 20 Dec 1996 | 80039528 | Ifci Limited | ₹1.73 Cr | Open |
To see the full charge records of Oswal Spinning and Weaving Mills Ltd, buy the company report.
Total charge records: 51 View all charges
Legal cases
Oswal Spinning and Weaving Mills Ltd has 67 court cases on record: 28 filed by Oswal Spinning and Weaving Mills, 39 filed against it. 5 cases are pending and 62 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 22 | 3 |
| High courts | 19 | 11 | 1 |
| Supreme Court | 6 | 4 | 0 |
| NCLT | 2 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Kotak Mahindra Bank Limited | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed against the company by Kotak Mahindra Bank Limited and 1 other | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Kotak Mahindra Bank Limited and 1 other | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Kotak Mahindra Bank Limited Through Parag B. Dholakia Evp Registered Office at 12, BKC, G Block, Bandra Kurla Complex, Bandra (East) ,Mumbai , Maharashtra | Disposed |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Kotak Mahindra Bank Limited Through Parag B. Dholakia Evp Registered Office at 12, BKC, G Block, Bandra Kurla Complex, Bandra (East) ,Mumbai , Maharashtra | Disposed |
To see the full case history of Oswal Spinning and Weaving Mills Ltd, 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 Spinning and Weaving Mills Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Oswal Spinning and Weaving Mills Ltd has a workforce of 6 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Oswal Spinning and Weaving Mills has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACO1971H4ZN | Punjab | Active | 21 May 2020 |
To see the full GST registrations and return filing status of Oswal Spinning and Weaving Mills Ltd, buy the company report.
Recent activity
Oswal Spinning and Weaving Mills Ltd has 19 board changes on record since 1979: 11 appointments and 8 cessations. The latest: Alpana Saxena ceased to be Director on 13 Feb 2016.
118 earlier events are in the company report.
Frequently asked questions
Oswal Spinning and Weaving Mills 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.
Oswal Spinning and Weaving Mills is a company under liquidation, formerly operating as a public limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 19 September 1955 and is registered under CIN L17111PB1955PLC001884. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Oswal Spinning and Weaving Mills has 3 current directors:
- Ashok Oswal - Managing Director
- Pawan Kumar Bahl - Director
- Raj Paul Oswal - Director
The latest financial statements of Oswal Spinning and Weaving Mills on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 23 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Oswal Spinning and Weaving Mills is L17111PB1955PLC001884. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oswal Spinning and Weaving Mills is recorded as a listed company by MCA, but its shares were delisted from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
Oswal Spinning and Weaving Mills has open charges of ₹173.71 Cr and satisfied charges of ₹87.09 Cr as per latest MCA filings.
Oswal Spinning and Weaving Mills has 67 court cases on record: 28 filed by the company and 39 filed against it. 5 are pending. Most are in the district courts.
Oswal Spinning and Weaving Mills was incorporated on 19 September 1955. It is registered with the Registrar of Companies, Chandigarh.
The peers of Oswal Spinning and Weaving Mills by revenue are Taurus Clothing Company Private Limited, Sri Sakthi Textiles Private Limited, Unilabel Id Service India Private Limited, Sunnywell Enterprises Private Limited, Aarvish Polyfab Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Alpana Saxena ceased to be Director on 13 Feb 2016. Vijay Sharma Kumar ceased to be CFO on 13 Feb 2016. Yash Paul Sachdeva ceased to be Director on 23 Jan 2016. Oswal Spinning and Weaving Mills has 19 board changes on record in total.
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