Parashnath Spin & Knitfab Limited
About Parashnath Spin & Knitfab Limited
Data last updated:
Parashnath Spin & Knitfab Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 05 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17309PB2010PLC033659. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Bharat Bhushan Jain and Brij Mohan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Parashnath Sankeshwar Jain Marg Vill. Hussianpura G.T. Road West, Ludhiana, Punjab, India – 141007.
Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressParashnath Sankeshwar Jain Marg Vill. Hussianpura G.T. Road West, Ludhiana, Punjab, India – 141007
- IndustryFashion and Textile, Designer & Branded Fashion
- 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
- One PDF report, delivered after checkout
Financials of Parashnath Spin & Knitfab Limited
FY 2023 filings availableParashnath Spin & Knitfab Limited reported revenue of ₹1,540 (down 99% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 92% over five years, including a 99% 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 2022-23 | FY 2018-19 to FY 2021-22in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | •••• | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | •••• | |
| 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 2022-23 | FY 2018-19 to FY 2021-22in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | •••• | |
| Net Profit Margin | •••• | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2018-19 to FY 2021-22, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Parashnath Spin & Knitfab are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Board of Directors of Parashnath Spin & Knitfab Limited
Parashnath Spin & Knitfab has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Bhushan Jain Also directs: B&H Texfab Private Limited, BMV Exim Private Limited | Director | 05 Mar 2010 | 16 Years 7 Months | Current |
| Deepak Jain | Additional Director | 01 Sep 2016 | 10 Years 1 Months | Current |
| Brij Mohan Also directs: B&H Texfab Private Limited, BMV Exim Private Limited | Director | 05 Mar 2010 | 16 Years 7 Months | Current |
Peer Comparison
Parashnath Spin & Knitfab Limited is compared with the companies closest to it by revenue in the Apparel industry (Branded Wear). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Khemka Garments Private Limited | ₹2,180 (FY 2022) | •••• | •••• | •••• | Delhi, India | |
| Elan Apparels Private Limited | ₹2,118 (FY 2019) | •••• | •••• | -88.0% | •••• | Chennai, Tamil Nadu, India |
| Ehsaas Fashion and Interior Designers Private Limited | ₹1,980 (FY 2023) | •••• | •••• | -100.0% | •••• | Pune, Maharashtra, India |
| Kokila Texpro Private Limited | ₹1,779 (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Diva Creations Private Limited | ₹1,701 (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Parashnath Spin & Knitfab Limited this company | ₹1,540 (FY 2023) | •••• | •••• | -99.0% | •••• | Ludhiana, Punjab, India |
| Diamond Exports Private Limited | ₹1,440 (FY 2025) | •••• | •••• | 200.0% | •••• | Delhi, India |
| B M Patil Business Ventures Private Limited | ₹1,380 (FY 2025) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
| Tisa Clothing Private Limited | ₹1,343 (FY 2021) | •••• | •••• | -100.0% | •••• | Mumbai, Maharashtra, India |
| 9Realms Fashion and Retail Private Limited | ₹1,295 (FY 2023) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Buoyance International Private Limited | ₹1,280 (FY 2025) | •••• | •••• | -100.0% | •••• | New Delhi, Delhi, India |
Peers are the companies nearest to Parashnath Spin & Knitfab by revenue, above and below it, in the Apparel industry (Branded Wear), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Parashnath Spin & Knitfab Limited is audited by V V BHALLA & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V V BHALLA & CO | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Parashnath Spin & Knitfab Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases
Parashnath Spin & Knitfab Limited has 3 court cases on record: 1 filed by Parashnath Spin & Knitfab, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Court case (COMI) | Filed against the company by M/S Jindal Cotex Ltd | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed by the company against M/S Jindal Cotex Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M/S Jindal Cottex Limited | Disposed |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Parashnath Spin & Knitfab.
: available in the company report
Recent Activity
Parashnath Spin & Knitfab Limited has 4 board changes on record since 2010: 3 appointments and 1 cessation. The latest: Anil Jain ceased to be Director on 01 Sep 2016.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Parashnath Spin & Knitfab has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Parashnath Spin & Knitfab is an active public limited company based in Ludhiana, Punjab, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 05 March 2010 (16+ years old) and is registered under CIN U17309PB2010PLC033659.
Parashnath Spin & Knitfab has 3 current directors:
- Bharat Bhushan Jain - Director
- Deepak Jain - Additional Director
- Brij Mohan - Director
The latest financial statements of Parashnath Spin & Knitfab on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Parashnath Spin & Knitfab has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Parashnath Spin & Knitfab is U17309PB2010PLC033659. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parashnath Spin & Knitfab has 3 court cases on record: 1 filed by the company and 2 filed against it.
Parashnath Spin & Knitfab was incorporated on 05 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Parashnath Spin & Knitfab by revenue are Khemka Garments Private Limited, Elan Apparels Private Limited, Ehsaas Fashion and Interior Designers Private Limited, Kokila Texpro Private Limited, Diva Creations Private Limited and 5 more, all in the Apparel industry (Branded Wear).
Anil Jain ceased to be Director on 01 Sep 2016. Deepak Jain was appointed as Additional Director on 01 Sep 2016. Bharat Bhushan Jain was appointed as Director on 05 Mar 2010. Parashnath Spin & Knitfab has 4 board changes on record in total.
The registered office of Parashnath Spin & Knitfab is at Parashnath Sankeshwar Jain Marg Vill. Hussianpura G.T. Road West, Ludhiana, Punjab, India – 141007.
Parashnath Spin & Knitfab operates in the fashion and textile industry, in the designer and branded fashion segment.