About Prostar Textile Mill Private Limited
Data last updated:
Prostar Textile Mill Private Limited is a private limited company based in Tirupur, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile segment of the manufacturing sector. It was incorporated on 29 October 2015.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U18101TZ2015PTC021917. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.79 Cr. It is led by directors including Muthusamy Paramasivan (Managing Director) and Swaminathan Prabhu (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 3/599A Venkatachalapathy Nagar Parapalayam Road Mannarai(Po), Tirupur, Tamil Nadu, India – 641607.
As per the financials filed for FY 2021, the company reported a revenue of ₹9.04 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹1.23 Lakh (net margin 0.1%) and EBITDA of ₹3.67 Cr (EBITDA margin 40.6%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹17.2 Cr on record. Court records list 11 cases involving the company, including 5 filed by the company and 7 filed against it; 3 cases are pending.
The last known website on record is prostartex.com.
Company details
Contact details
Prostar Textile Mill Private Limited's registered office is in Tirupur, Tamil Nadu. Its website is prostartex.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address3/599A Venkatachalapathy Nagar Parapalayam Road Mannarai(Po), Tirupur, Tamil Nadu, India – 641607
- IndustryManufacturing, Textile
To see the full contact details of Prostar Textile Mill 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 Prostar Textile Mill 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 Prostar Textile Mill Private Limited, buy the company report.
Financials of Prostar Textile Mill Private Limited
FY 2021 filings availableProstar Textile Mill Private Limited reported revenue of ₹9.04 Cr (down 29% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 29% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 23%. EBITDA fell 1% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹9.04 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.23 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 40.6% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Prostar Textile Mill Private Limited, buy the company report.
Board of directors of Prostar Textile Mill Private Limited
Prostar Textile Mill has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swaminathan Prabhu Also directs: SPP Insolvency Professionals LLP, Ritul Renewables Private Limited | Irp/Rp/Liquidator | 30 Jun 2023 | 3 Years 3 Months | As last reported |
| Suresh Kumar Mahalingam Also directs: SPP Insolvency Professionals LLP | Irp/Rp/Liquidator | 17 Mar 2023 | 3 Years 7 Months | As last reported |
| Prabha Paramasivam | Director | 29 Oct 2015 | 10 Years 11 Months | As last reported |
| Muthusamy Paramasivan | Managing Director | 29 Oct 2015 | 10 Years 11 Months | As last reported |
Peer comparison
Prostar Textile Mill Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Rahul Cottex Private Limited | ₹9.05 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Brahmani Silk Manufacturing Private Limited | ₹9.05 Cr (FY 2024) | 2.0% | Surat, Gujarat, India | |||
| Klimt Fashions Private Limited | ₹9.04 Cr (FY 2024) | 3.0% | Gurgaon, Haryana, India | |||
| GPR Textiles Private Limited | ₹9.04 Cr (FY 2025) | -64.0% | Coimbatore, Tamil Nadu, India | |||
| Prostar Textile Mill Private Limitedthis company | ₹9.04 Cr (FY 2021) | ₹1.23 Lakh | 0.1% | -29.0% | 6 | Tirupur, Tamil Nadu, India |
| Shri M.S.Balakumaar Spinners Private Limited | ₹9.04 Cr (FY 2019) | -8.0% | Coimbatore, Tamil Nadu, India | |||
| Kevin Silk Mills Private Limited | ₹9.04 Cr (FY 2025) | 11.0% | Surat, Gujarat, India | |||
| Adonis Textiles Private Limited | ₹9.04 Cr (FY 2016) | -67.0% | New Delhi, Delhi, India | |||
| Kashiram Fabrics Private Limited | ₹9.03 Cr (FY 2024) | -5.0% | New Delhi, Delhi, India | |||
| Salasar Hanuman Fashions Private Limited | ₹9.03 Cr (FY 2024) | -15.0% | Surat, Gujarat, India |
To see the full peer comparison of Prostar Textile Mill Private Limited, buy the company report.
Auditor
Prostar Textile Mill Private Limited is audited by Kaleem & Co for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kaleem & Co | FY 2021 | 001665S |
Shareholding
The shareholding of Prostar Textile Mill Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Prostar Textile Mill Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2016 | 100066282 | Others | ₹17.2 Cr | Open |
To see the full charge records of Prostar Textile Mill Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Prostar Textile Mill Private Limited has 11 court cases on record: 5 filed by Prostar Textile Mill, 7 filed against it. 3 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 3 |
| NCLT | 3 | 2 | 0 |
| NCLAT | 3 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed against the company by Mr. Elumalai Elango Irp of Prostar Textile Mill Private Ltd | Disposed |
| NCLT, Chennai | Insolvency matter | Filed by the company against Prostar Textile Mill Private Ltd and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Stovec Industries Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed against the company by Ms Asia Crystal Commoditiy LLP Through Authorised Representative Ms Meena Sunder Vaswani | Pending |
| District court, Tiruppur, Tamil Nadu | Criminal case | Filed against the company by P.Krishnamoorthy,Marketing Executive for M/S.Lakshmi Bio Chem | Pending |
To see the full case history of Prostar Textile Mill 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 Prostar Textile Mill Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prostar Textile Mill Private Limited has a workforce of 6 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Prostar Textile Mill 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 Prostar Textile Mill Private Limited, buy the company report.
Recent activity
Prostar Textile Mill Private Limited has 5 board changes on record since 2015: 4 appointments and 1 cessation. The latest: Swaminathan Prabhu was appointed as Irp/Rp/Liquidator on 30 Jun 2023.
Frequently asked questions
Prostar Textile Mill is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Prostar Textile Mill is a company under liquidation, formerly operating as a private limited company based in Tirupur, Tamil Nadu, India. The company works in textile, within the manufacturing industry. It was incorporated on 29 October 2015 and is registered under CIN U18101TZ2015PTC021917. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Prostar Textile Mill has 4 current directors:
- Muthusamy Paramasivan - Managing Director
- Prabha Paramasivam - Director
- Swaminathan Prabhu - Irp/Rp/Liquidator
- Suresh Kumar Mahalingam - Irp/Rp/Liquidator
The latest financial statements of Prostar Textile Mill on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Prostar Textile Mill is U18101TZ2015PTC021917. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prostar Textile Mill has open charges of ₹17.2 Cr and no satisfied charges on record as per latest MCA filings.
Prostar Textile Mill has 11 court cases on record: 5 filed by the company and 7 filed against it. 3 are pending. Most are in the district courts.
Prostar Textile Mill was incorporated on 29 October 2015. It is registered with the Registrar of Companies, Coimbatore.
The peers of Prostar Textile Mill by revenue are Rahul Cottex Private Limited, Brahmani Silk Manufacturing Private Limited, Klimt Fashions Private Limited, GPR Textiles Private Limited, Shri M.S.Balakumaar Spinners Private Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Swaminathan Prabhu was appointed as Irp/Rp/Liquidator on 30 Jun 2023. Suresh Kumar Mahalingam was appointed as Irp/Rp/Liquidator on 17 Mar 2023. Muthusamy Paramasivan was appointed as Managing Director on 29 Oct 2015. Prostar Textile Mill has 5 board changes on record in total.
Prostar Textile Mill can be reached through the website prostartex.com. Its registered office is in Tirupur, Tamil Nadu, India.