Punjab Spintex Private Limited

Punjab Spintex Private Limited - manufacturing in Bathinda, Punjab, India. FY 2026 financials & compliance.
CIN U17114PB2006PTC030769 Incorporated 26 December 2006 ROC Chandigarh HQ Bathinda, Punjab, India
Active Private Limited Company manufacturing
Data last updated
Revenue · FY 2023
₹2.13 Lakh
▼ 99% YoY
Net loss · FY 2023
₹23.08 Lakh
Latest filing
EBITDA · FY 2023
₹2.13 Lakh
EBITDA margin 100%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹2.39 Cr
Issued & subscribed
Satisfied charges
₹81.38 Cr
No open charges
Company age
20 yrs
Est. 2006
Directors on board
3
As per MCA filings

About Punjab Spintex Private Limited

Data last updated:

Punjab Spintex Private Limited is a private limited company based in Bathinda, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 26 December 2006 and has been in existence for over 20 years.

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17114PB2006PTC030769. Its GSTIN is 03AAECP1304R1ZH (Punjab). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹2.39 Cr. It was formerly known as Punjab Spintex Limited. It is led by directors including Sanjay Pal and Pawan Kumar Bansal.

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 Scf Aggarssain Market Amrik Singh Road Veer Colony, Bathinda, Punjab, India – 151001.

As per the financials filed for FY 2023, the company reported a revenue of ₹2.13 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹23.08 Lakh and EBITDA of ₹2.13 Lakh (EBITDA margin 100%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 80% over five years.

As per MCA filings, the company has satisfied charges of ₹81.38 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 2 cases are pending.

The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website punjabspintex.com.

Company details

CIN U17114PB2006PTC030769
Registration Number 030769
Incorporation Date 26 December 2006
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Non-Compliant

CIN history

Punjab Spintex has one previous CIN (Corporate Identification Number): U17114PB2006PLC030769. The current CIN is U17114PB2006PTC030769, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U17114PB2006PTC030769Current
U17114PB2006PLC030769Previous

Contact details

Punjab Spintex Private Limited's registered office is in Bathinda, Punjab. Its website is punjabspintex.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Scf Aggarssain Market Amrik Singh Road Veer Colony, Bathinda, Punjab, India – 151001
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Punjab Spintex Private Limited, buy the company report.

Comprehensive company report
Punjab Spintex Private Limited - one report that includes everything
  • 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
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Business activity

The main business activity of Punjab Spintex is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Punjab Spintex Private Limited, buy the company report.

Financials of Punjab Spintex Private Limited

FY 2023 filings available

Punjab Spintex Private Limited reported revenue of ₹2.13 Lakh (down 99% YoY) for FY 2023.

Revenue · FY 2023
₹2.13 Lakh ▼ 99%
Net loss · FY 2023
₹23.08 Lakh
EBITDA · FY 2023
₹2.13 Lakh margin 100%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 99%
3 years · compounded
▼ 76%
5 years · compounded
▼ 80%
EBITDA CAGR growth
1 year
▼ 99%
3 years · compounded
▼ 62%
5 years · compounded
▲ 15%

Revenue has declined at a compounded annual rate (CAGR) of 80% over five years, including a 99% fall in the latest year. EBITDA fell 99% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹2.13 Lakh
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹2.13 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹23.08 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin100%
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 Punjab Spintex Private Limited, buy the company report.

Board of directors of Punjab Spintex Private Limited

Punjab Spintex has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Pawan Kumar BansalAdditional Director01 Feb 20179 Years 9 MonthsCurrent
Sanjay PalDirector26 Dec 200619 Years 10 MonthsCurrent
Nitya NandAdditional Director16 Aug 20188 Years 2 MonthsCurrent

Auditor

Punjab Spintex Private Limited is audited by KSPN & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
KSPN & ASSOCIATESFY 2023006342N

Shareholding

The shareholding of Punjab Spintex Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Punjab Spintex Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹81.38 Cr
Breakdown by lending institutions
State Bank of Patiala₹81.38 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
02 Jun 200710058825State Bank of Patiala₹81.38 CrSatisfied

To see the full charge records of Punjab Spintex Private Limited, buy the company report.

Total charge records: 1 View all charges

Credit ratings & regulatory alerts

Punjab Spintex Private Limited was last rated by Crisil on 18 Jun 2020.

Rating agencyRated onRating
Crisil18 Jun 2020

To see the full credit ratings and regulatory alerts of Punjab Spintex Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Punjab Spintex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Punjab Spintex has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
03AAECP1304R1ZHPunjabActive01 Jul 2017

To see the full GST registrations and return filing status of Punjab Spintex Private Limited, buy the company report.

Recent activity

Punjab Spintex Private Limited has 9 board changes on record since 2006: 3 appointments and 6 cessations. The latest: Anchal ceased to be Director on 16 Aug 2018.

AGM
Punjab Spintex Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Punjab Spintex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.
Charges
A charge registered on 02 Jun 2007 via Charge ID 10058825 with State Bank Of Patiala was fully satisfied on 08 Jan 2019.
Ceased
Anchal ceased to be Director.
Appointed
Nitya Nand was appointed as Additional Director.
Ceased
Suresh Kumar ceased to be Managing Director.
Ceased
Alka Rani ceased to be Additional Director.
Appointed
Pawan Kumar Bansal was appointed as Additional Director.
Ceased
Sanjeev Kumar Garg ceased to be Additional Director.
Charges
A charge with State Bank Of Patiala of Rs. 81.38 Cr registered on 02 Jun 2007 with Charge ID 10058825 was modified on 04 Nov 2014.
Ceased
Satish Kumar Bansal ceased to be Director.
Ceased
Binder Pal Mittal ceased to be Director.

3 earlier events are in the company report.

Frequently asked questions

Punjab Spintex is an active private limited company based in Bathinda, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 26 December 2006 (20+ years old) and is registered under CIN U17114PB2006PTC030769.

Punjab Spintex has 3 current directors:

The latest financial statements of Punjab Spintex 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.

The GSTIN of Punjab Spintex is 03AAECP1304R1ZH, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Punjab Spintex is U17114PB2006PTC030769. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Punjab Spintex has 5 court cases on record: 4 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.

Punjab Spintex was incorporated on 26 December 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chandigarh.

Anchal ceased to be Director on 16 Aug 2018. Nitya Nand was appointed as Additional Director on 16 Aug 2018. Suresh Kumar ceased to be Managing Director on 27 Jul 2018. Punjab Spintex has 9 board changes on record in total.

Punjab Spintex can be reached through the website punjabspintex.com. Its registered office is in Bathinda, Punjab, India.

The registered office of Punjab Spintex is at Scf Aggarssain Market Amrik Singh Road Veer Colony, Bathinda, Punjab, India – 151001.