Payal Textiles Private Limited
About Payal Textiles Private Limited
Data last updated:
Payal Textiles Private Limited was a private limited company based in 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 leather segment of the apparel and fashion sector. It was incorporated on 16 December 1988.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17115TZ1988PTC002309.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹35.58 Lakh. It was led by directors including Manickam Ravi (Managing Director) and Shanmugham K.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at 18/1 Vokkaligar Street Coimbatore 641 001., Tamil Nadu, India.
As per MCA filings, the company had satisfied charges of ₹74.89 Lakh on record.
Company details
CIN history
Payal Textiles has one previous CIN (Corporate Identification Number): U17115TZ1988PLC002309. The current CIN is U17115TZ1988PTC002309, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17115TZ1988PTC002309 | Current |
| U17115TZ1988PLC002309 | Previous |
Contact details
Payal Textiles Private Limited's registered office is in Tamil Nadu.
- Registered Address18/1 Vokkaligar Street Coimbatore 641 001., Tamil Nadu, India
- IndustryAppreal & Fashion, Leather, Apparel, Textile
- 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
Financials of Payal Textiles Private Limited
FY 2015 filings availableFinancial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| 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 2014-15 |
|---|---|
| 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 | |
To see the full financial statements and ratios of Payal Textiles Private Limited, buy the company report.
Board of directors of Payal Textiles Private Limited
Payal Textiles has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manickam Ravi | Managing Director | 01 Oct 2004 | 22 Years 1 Months | As last reported |
| Shanmugham K | Director | 16 Dec 1988 | 37 Years 10 Months | As last reported |
| Chinnu Mahendran | Director | 12 Feb 1996 | 30 Years 8 Months | As last reported |
| Varadharajan Balakrishnan | Director | 12 Dec 1996 | 29 Years 10 Months | As last reported |
| Chinnaswamy Balu | Director | 12 Feb 1996 | 30 Years 8 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Mar 1996 | 90327633 | State Bank of India | ₹96,000 | Satisfied | |
| 22 Aug 1990 | 90326535 | State Bank of India | ₹9 Lakh | Satisfied | |
| 29 Sep 1989 | 90326497 | The Tamilnadu Industrial Invesement Corporation Limited | ₹29.95 Lakh | Satisfied | |
| 13 Jan 1989 | 90326471 | The Tamilnadu Industrial Invesement Corporation Limited | ₹29.95 Lakh | Satisfied | |
| 05 Oct 1987 | 90326089 | The Tamilnadu Industrial Invesement Corporation Limited | ₹5.03 Lakh | Satisfied |
To see the full charge records of Payal Textiles Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Payal Textiles 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 Payal Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Payal Textiles Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Payal Textiles Private Limited has 5 board changes on record since 1988: 5 appointments. The latest: Manickam Ravi was appointed as Managing Director on 01 Oct 2004.
7 earlier events are in the company report.
Frequently asked questions
Payal 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.
Payal Textiles was a private limited company based in Tamil Nadu, India. The company worked in leather, within the apparel and fashion industry. It was incorporated on 16 December 1988 and is registered under CIN U17115TZ1988PTC002309. The company has been struck off by the Registrar of Companies and is no longer operational.
Payal Textiles had 5 directors:
- Manickam Ravi - Managing Director
- Shanmugham K - Director
- Chinnu Mahendran - Director
- Varadharajan Balakrishnan - Director
- Chinnaswamy Balu - Director
The CIN (Corporate Identification Number) of Payal Textiles is U17115TZ1988PTC002309. 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 Payal Textiles is at 181 Vokkaligar Street Coimbatore 641 001., Tamil Nadu, India.
Payal Textiles was incorporated on 16 December 1988. It is registered with the Registrar of Companies, Coimbatore.
The latest financial statements of Payal Textiles on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
Payal Textiles operated in the apparel and fashion industry, in the leather segment. It worked in this industry before it was struck off.
Manickam Ravi was appointed as Managing Director on 01 Oct 2004. Varadharajan Balakrishnan was appointed as Director on 12 Dec 1996. Chinnaswamy Balu was appointed as Director on 12 Feb 1996. Payal Textiles has 5 board changes on record in total.
Payal Textiles has no open charges and satisfied charges of ₹74.89 Lakh as per latest MCA filings.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
