Palaniyappa Hi-Tech Creations Private Limited
About Palaniyappa Hi-Tech Creations Private Limited
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Palaniyappa Hi-Tech Creations Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 15 June 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U51101TN1998PTC040667. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹99.75 Lakh. It is led by directors Pakka Vadivel Eswari and Palani Thirupurasundari.
Its last annual general meeting (AGM) was held on 22 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2016, the company reported a revenue of ₹68.04 Lakh, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹5.72 Lakh (net margin 8.4%) and EBITDA of ₹18.37 Lakh (EBITDA margin 27%).
As per MCA filings, the company has open charges of ₹6 Lakh and satisfied charges of ₹9.79 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Palaniyappa Hi-Tech Creations Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressFlat No E1 Virata Apartments Plot No W – 481 2nd Avenue Main Road Anna Nagar West Ex, Tn, Chennai, Tamil Nadu, India – 600101
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Palaniyappa Hi-Tech Creations 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 Palaniyappa Hi-Tech Creations are manufacturing and real estate. In detail, this covers textile, leather and other apparel products and real estate activities with own or leased property. 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 | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Palaniyappa Hi-Tech Creations Private Limited, buy the company report.
Financials of Palaniyappa Hi-Tech Creations Private Limited
FY 2016 filings availablePalaniyappa Hi-Tech Creations Private Limited reported revenue of ₹68.04 Lakh (down 5% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year. EBITDA rose 592% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹68.04 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹18.37 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹5.72 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 27% | |
| Net Profit Margin | 8.4% | |
| 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 Palaniyappa Hi-Tech Creations Private Limited, buy the company report.
Board of directors of Palaniyappa Hi-Tech Creations Private Limited
Palaniyappa Hi-Tech Creations has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pakka Vadivel Eswari | Director | 15 Jun 1998 | 28 Years 4 Months | Current |
| Palani Thirupurasundari | Additional Director | 23 Dec 2016 | 9 Years 10 Months | Current |
Peer comparison
Palaniyappa Hi-Tech Creations Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), 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 |
|---|---|---|---|---|---|---|
| De Aude Sapare Inspections Private Limited | ₹68.69 Lakh (FY 2025) | 71.0% | Delhi, India | |||
| GCS Fabrics India Private Limited | ₹68.07 Lakh (FY 2021) | 457.0% | Coimbatore, Tamil Nadu, India | |||
| Palaniyappa Hi-Tech Creations Private Limitedthis company | ₹68.04 Lakh (FY 2016) | ₹5.72 Lakh | 8.4% | -5.0% | Chennai, Tamil Nadu, India | |
| GMD Polymers Private Limited (OPC) | ₹68.04 Lakh (FY 2018) | -32.0% | Kanyakumari, Tamil Nadu, India |
To see the full peer comparison of Palaniyappa Hi-Tech Creations Private Limited, buy the company report.
Auditor
Palaniyappa Hi-Tech Creations Private Limited is audited by I V & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| I V & ASSOCIATES | FY 2016 | 012897S |
Shareholding
The shareholding of Palaniyappa Hi-Tech Creations Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Palaniyappa Hi-Tech Creations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2008 | 10133853 | The Karur Vysya Bank Limited | ₹6 Lakh | Open | |
| 22 Mar 2017 | 100086499 | Others | ₹50 Lakh | Satisfied | |
| 15 Feb 2008 | 10129180 | Andhra Pradesh State Financial Corporation | ₹14 Lakh | Satisfied | |
| 05 Dec 2005 | 90287079 | A.P. State Financial Corporation | ₹2.36 Cr | Satisfied | |
| 17 Nov 2003 | 90294079 | State Bank of India | ₹2.59 Cr | Satisfied |
To see the full charge records of Palaniyappa Hi-Tech Creations Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
No court or tribunal cases involving Palaniyappa Hi-Tech Creations Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Palaniyappa Hi-Tech Creations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palaniyappa Hi-Tech Creations 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 Palaniyappa Hi-Tech Creations Private Limited, buy the company report.
Recent activity
Palaniyappa Hi-Tech Creations Private Limited has 3 board changes on record since 1998: 2 appointments and 1 cessation. The latest: Palani Thirupurasundari was appointed as Additional Director on 23 Dec 2016.
13 earlier events are in the company report.
Frequently asked questions
Palaniyappa Hi-Tech Creations is an active private limited company based in Chennai, Tamil Nadu, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 15 June 1998 (28+ years old) and is registered under CIN U51101TN1998PTC040667.
Palaniyappa Hi-Tech Creations has 2 current directors:
- Pakka Vadivel Eswari - Director
- Palani Thirupurasundari - Additional Director
The latest financial statements of Palaniyappa Hi-Tech Creations on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 22 September 2016. Year-wise statements from 2015 are in the company report.
No. Palaniyappa Hi-Tech Creations has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Palaniyappa Hi-Tech Creations is U51101TN1998PTC040667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palaniyappa Hi-Tech Creations was incorporated on 15 June 1998, making it 28+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Palaniyappa Hi-Tech Creations by revenue are De Aude Sapare Inspections Private Limited, GCS Fabrics India Private Limited, GMD Polymers Private Limited (OPC), all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (textile, leather and other apparel products).
Palani Thirupurasundari was appointed as Additional Director on 23 Dec 2016. Papanaidu Sanjeevi Gomathi ceased to be Director on 23 Dec 2016. Pakka Vadivel Eswari was appointed as Director on 15 Jun 1998.
The registered office of Palaniyappa Hi-Tech Creations is at Flat No E1 Virata Apartments Plot No W – 481 2nd Avenue Main Road Anna Nagar West Ex, Tn, Chennai, Tamil Nadu, India – 600101.
Palaniyappa Hi-Tech Creations operates in the home and lifestyle industry, in the textile retail and distribution segment.
Palaniyappa Hi-Tech Creations has open charges of ₹6 Lakh and satisfied charges of ₹9.79 Cr as per latest MCA filings.
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