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 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.
| CIN | Status |
|---|---|
| U17114PB2006PTC030769 | Current |
| U17114PB2006PLC030769 | Previous |
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
- Website
- Registered AddressScf Aggarssain Market Amrik Singh Road Veer Colony, Bathinda, Punjab, India – 151001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Punjab Spintex 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 Punjab Spintex 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 Punjab Spintex Private Limited, buy the company report.
Financials of Punjab Spintex Private Limited
FY 2023 filings availablePunjab Spintex Private Limited reported revenue of ₹2.13 Lakh (down 99% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 100% | ||||
| 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 | |||||
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| 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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Kumar Bansal Also directs: Alaska Fabtech Private Limited | Additional Director | 01 Feb 2017 | 9 Years 9 Months | Current |
| Sanjay Pal | Director | 26 Dec 2006 | 19 Years 10 Months | Current |
| Nitya Nand | Additional Director | 16 Aug 2018 | 8 Years 2 Months | Current |
Auditor
Punjab Spintex Private Limited is audited by KSPN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KSPN & ASSOCIATES | FY 2023 | 006342N |
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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 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
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2007 | 10058825 | State Bank of Patiala | ₹81.38 Cr | Satisfied |
To see the full charge records of Punjab Spintex Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Punjab Spintex Private Limited has 5 court cases on record: 4 filed by Punjab Spintex, 1 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 2 |
| District courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bathinda, Punjab | Civil suit | Filed by the company against Punjab State Power Corporation Ltd and 1 other | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Union of India and Others | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against State of Punjab and Others and 2 others | Pending |
| Supreme Court | Court case (0905-Civil Law : Any matter arising out of Civil suit/proceedings, which is not covered in any of the above categories) | Filed against the company by The State of Punjab Agriculture Financial Commissioner and Principal Secretary to Govt. of Punjab Financial Commissioner and Principal Secretary to Govt. of Punjab Punjab Civil Seccretariat , District: Chandigarh , , Chandigarh and 4 others | Disposed |
| High Court, PUNJAB | Writ petition | Filed by the company against State of Punjab and Ors. | Disposed |
To see the full case history of Punjab Spintex 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.
Credit ratings & regulatory alerts
Punjab Spintex Private Limited was last rated by Crisil on 18 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 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.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECP1304R1ZH | Punjab | Active | 01 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.
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:
- Pawan Kumar Bansal - Additional Director
- Sanjay Pal - Director
- Nitya Nand - Additional Director
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.
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