Palaniappa Textiles Private Limited
About Palaniappa Textiles Private Limited
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Palaniappa Textiles Private Limited was a private limited company based in Coimbatore, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the gas segment of the utilities sector. It was incorporated on 09 November 1994.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1994PTC005481. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.7 Cr and a paid-up capital of ₹1.68 Cr. It was led by directors including Ramasamy Palanisamy (Managing Director) and Palanivel.
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 was at No.1A Zamanagar Nehru Nagar West Kalapatti Post, Coimbatore, Tamil Nadu, India – 641048.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.8 Cr, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹13.03 Lakh (net margin -7.3%) and EBITDA of -₹6.73 Lakh (EBITDA margin -3.7%).
As per MCA filings, the company had satisfied charges of ₹4.42 Cr on record. Court records list 27 cases involving the company, including 20 filed by the company and 7 filed against it; 2 cases are pending.
Company details
Contact details
Palaniappa Textiles Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.1A Zamanagar Nehru Nagar West Kalapatti Post, Coimbatore, Tamil Nadu, India – 641048
- IndustryUtilities, Gas
To see the full contact details of Palaniappa Textiles 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 activities of Palaniappa Textiles are manufacturing and electricity, gas, steam and air condition supply. In detail, this covers textile, leather and other apparel products and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Palaniappa Textiles Private Limited, buy the company report.
Financials of Palaniappa Textiles Private Limited
FY 2017 filings availablePalaniappa Textiles Private Limited reported revenue of ₹1.8 Cr (down 84% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 84% in the latest year. EBITDA rose 72% 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 | ₹1.8 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹6.73 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹13.03 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -3.7% | ||
| Net Profit Margin | -7.3% | ||
| 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 Palaniappa Textiles Private Limited, buy the company report.
Board of directors of Palaniappa Textiles Private Limited
Palaniappa Textiles has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palanivel Also directs: Spearhead Business Solutions Private Limited | Director | 15 Jul 1999 | 27 Years 3 Months | As last reported |
| Ramasamy Palanisamy | Managing Director | 05 Aug 2009 | 17 Years 2 Months | As last reported |
| Rajamani | Director | 09 Nov 1994 | 31 Years 11 Months | As last reported |
| Kalimuthu Alukkusamy | Director | 08 May 2007 | 19 Years 5 Months | As last reported |
| Jaya | Director | 10 Nov 1994 | 31 Years 11 Months | As last reported |
| Venkatasamy Jayalakshmi | Director | 09 Nov 1994 | 31 Years 11 Months | As last reported |
Peer comparison
Palaniappa Textiles 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 |
|---|---|---|---|---|---|---|
| Arunoday Fibre to Fabric Development Services Private Limited | ₹1.8 Cr (FY 2023) | -65.0% | Shirpur, Maharashtra, India | |||
| Garne Threads Private Limited | ₹1.8 Cr (FY 2025) | -36.0% | Delhi, India | |||
| Collective Saheli Women Private Limited | ₹1.8 Cr (FY 2024) | 0.0% | Jodhpur, Rajasthan, India | |||
| Palaniappa Textiles Private Limitedthis company | ₹1.8 Cr (FY 2017) | -₹13.03 Lakh | -7.3% | -84.0% | Coimbatore, Tamil Nadu, India | |
| Aadishwar Clothing Limited | ₹1.79 Cr (FY 2025) | -11.0% | Punjab, India |
To see the full peer comparison of Palaniappa Textiles Private Limited, buy the company report.
Auditor
Palaniappa Textiles Private Limited is audited by M.Alagiriswamy & Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.Alagiriswamy & Co | FY 2017 | 006579S |
Shareholding
The shareholding of Palaniappa Textiles Private 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 Palaniappa Textiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2003 | 90001471 | State Bank of India | ₹40 Lakh | Satisfied | |
| 09 Mar 1996 | 90000600 | State Bank of India | ₹3 Cr | Satisfied | |
| 27 Sep 1995 | 90000545 | The Tamilnadu Industrial Investment Corp. Ltd. | ₹1.02 Cr | Satisfied |
To see the full charge records of Palaniappa Textiles Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Palaniappa Textiles Private Limited has 27 court cases on record: 20 filed by Palaniappa Textiles, 7 filed against it. 2 cases are pending and 25 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 6 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Civil miscellaneous application | Filed by the company against an individual | Pending |
| High Court, TAMIL NADU | Court case (CMA(MD)) | Filed by the company against individuals | Pending |
| High Court, TAMIL NADU | Civil miscellaneous application | Filed by the company against an individual | Disposed |
| Madras High Court | Writ petition | Filed by the company against an individual | Disposed |
| Supreme Court | Court case (1815-Ordinary Civil Matters : Matters relating to Electricity Dispute(connection/disconnection etc)) | Filed against the company by Tamil Nadu Electricity Board . | Disposed |
To see the full case history of Palaniappa Textiles 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 Palaniappa Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Palaniappa Textiles Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Palaniappa Textiles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Palaniappa Textiles Private Limited, buy the company report.
Recent activity
Palaniappa Textiles Private Limited has 8 board changes on record since 1994: 6 appointments and 2 cessations. The latest: Kalimuthu Alukkusamy ceased to be Managing Director on 01 Apr 2012.
6 earlier events are in the company report.
Frequently asked questions
Palaniappa Textiles has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Palaniappa Textiles was a private limited company based in Coimbatore, Tamil Nadu, India. The company worked in gas, within the utilities industry. It was incorporated on 09 November 1994 and is registered under CIN U17111TZ1994PTC005481. The company has been struck off by the Registrar of Companies and is no longer operational.
Palaniappa Textiles had 6 directors:
- Ramasamy Palanisamy - Managing Director
- Palanivel - Director
- Rajamani - Director
- Kalimuthu Alukkusamy - Director
- Jaya - Director
- Venkatasamy Jayalakshmi - Director
The CIN (Corporate Identification Number) of Palaniappa Textiles is U17111TZ1994PTC005481. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Palaniappa Textiles is at No.1A Zamanagar Nehru Nagar West Kalapatti Post, Coimbatore, Tamil Nadu, India – 641048.
Palaniappa Textiles was incorporated on 09 November 1994. It is registered with the Registrar of Companies, Coimbatore.
The latest financial statements of Palaniappa Textiles 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.
No. Palaniappa Textiles has 1 GST registration on record and it is cancelled or inactive.
Palaniappa Textiles operated in the utilities industry, in the gas segment. It worked in this industry before it was struck off.
The peers of Palaniappa Textiles by revenue are Arunoday Fibre to Fabric Development Services Private Limited, Garne Threads Private Limited, Collective Saheli Women Private Limited, Aadishwar Clothing Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Palaniappa Textiles has 27 court cases on record: 20 filed by the company and 7 filed against it. 2 are pending. Most are in the high courts.