Phoenix Yarns Private Limited
About Phoenix Yarns Private Limited
Data last updated:
Phoenix Yarns Private Limited was a private limited company based in Ludhiana, Punjab, India. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 12 August 2013.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17290PB2013PTC037821. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹83.5 Lakh. It was led by directors Vinay Singal and Pardeep Kumar Aggarwal.
Its last annual general meeting (AGM) was held on 27 June 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at L.G.F 66 City Palace Chowri Sarak, Ludhiana, Punjab, India – 141008.
As per the financials filed for FY 2018, the company reported a revenue of ₹98.6 Lakh, a growth of 94% compared to the previous year. For the same year it recorded a net profit of ₹5,630 (net margin 0.1%) and EBITDA of ₹8,992 (EBITDA margin 0.1%). Revenue has declined at a compounded annual rate (CAGR) of 62% over three years.
As per MCA filings, the company had satisfied charges of ₹3.5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
Company details
Contact details
Phoenix Yarns Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressL.G.F 66 City Palace Chowri Sarak, Ludhiana, Punjab, India – 141008
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Phoenix Yarns 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 activity of Phoenix Yarns 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 Phoenix Yarns Private Limited, buy the company report.
Financials of Phoenix Yarns Private Limited
FY 2018 filings availablePhoenix Yarns Private Limited reported revenue of ₹98.6 Lakh (up 94% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 94% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 62%. EBITDA fell 63% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹98.6 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹8,992 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5,630 | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.1% | |||
| Net Profit Margin | 0.1% | |||
| 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 Phoenix Yarns Private Limited, buy the company report.
Board of directors of Phoenix Yarns Private Limited
Phoenix Yarns has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Singal Also directs: Eastman Fortune LLP, Ashoka Engineers Pvt Ltd, Eastman Estates Private Limited and 5 more | Director | 12 Aug 2013 | 13 Years 2 Months | As last reported |
| Pardeep Kumar Aggarwal Also directs: Primelink Real Estates Private Limited, Jansukh Realtors LLP, Royal Industries Limited and 5 more | Director | 12 Aug 2013 | 13 Years 2 Months | As last reported |
Peer comparison
Phoenix Yarns Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Scorpion Fashion Private Limited | ₹98.8 Lakh (FY 2024) | -17.0% | Ludhiana, Punjab, India | |||
| Fabchrome International Private Limited | ₹98.73 Lakh (FY 2024) | 1516.0% | Jaipur, Rajasthan, India | |||
| Solapur Textiles Cluster Limited | ₹98.62 Lakh (FY 2023) | -23.0% | Solapur, Maharashtra, India | |||
| Shree Varee Traders Private Limited | ₹98.61 Lakh (FY 2019) | 421.0% | Hosur, Tamil Nadu, India | |||
| Phoenix Yarns Private Limitedthis company | ₹98.6 Lakh (FY 2018) | ₹5,630 | 0.1% | 94.0% | Ludhiana, Punjab, India | |
| Fortune Synfab Private Limited | ₹98.57 Lakh (FY 2025) | -5.0% | Surat, Gujarat, India | |||
| Sai Divya Apparels and Fashions Private Limited | ₹98.54 Lakh (FY 2022) | 93.0% | Anantapuram, Andhra Pradesh, India | |||
| Creativeskill Apparels Private Limited | ₹98.37 Lakh (FY 2024) | 408.0% | Nagpur, Maharashtra, India | |||
| Madhav Home Furnishing Private Limited | ₹98.34 Lakh (FY 2021) | 59.0% | New Delhi, Delhi, India |
To see the full peer comparison of Phoenix Yarns Private Limited, buy the company report.
Shareholding
The shareholding of Phoenix Yarns Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Phoenix Yarns Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2013 | 10470986 | Punjab & Sind Bank | ₹3.5 Cr | Satisfied |
To see the full charge records of Phoenix Yarns Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Phoenix Yarns Private Limited has 2 court cases on record: 2 filed by Phoenix Yarns. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chandigarh | Insolvency matter | Filed by the company | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed by the company against an individual | Disposed |
To see the full case history of Phoenix Yarns 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 Phoenix Yarns Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Phoenix Yarns 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 Phoenix Yarns Private Limited, buy the company report.
Recent activity
Phoenix Yarns Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Pardeep Kumar Aggarwal was appointed as Director on 12 Aug 2013.
Frequently asked questions
Phoenix Yarns has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Phoenix Yarns was a private limited company based in Ludhiana, Punjab, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 12 August 2013 and is registered under CIN U17290PB2013PTC037821. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Phoenix Yarns was incorporated on 12 August 2013. It is registered with the Registrar of Companies, Chandigarh.
Phoenix Yarns had 2 directors:
- Vinay Singal - Director
- Pardeep Kumar Aggarwal - Director
The CIN (Corporate Identification Number) of Phoenix Yarns is U17290PB2013PTC037821. 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 Phoenix Yarns is at L.G.F 66 City Palace Chowri Sarak, Ludhiana, Punjab, India – 141008.
The latest financial statements of Phoenix Yarns on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 27 June 2018. Year-wise statements from 2015 are in the company report.
No. Phoenix Yarns has 1 GST registration on record and it is cancelled or inactive.
Phoenix Yarns operated in the manufacturing industry, in the textile and fabric production segment.
The peers of Phoenix Yarns by revenue are Scorpion Fashion Private Limited, Fabchrome International Private Limited, Solapur Textiles Cluster Limited, Shree Varee Traders Private Limited, Fortune Synfab Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Phoenix Yarns has 2 court cases on record: 2 filed by the company.