MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0101404
Refinement Fabrics Private Limited
Refinement Fabrics Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2.74 Cr
▼ 61% YoY
Net loss · FY 2023
₹4.7 Lakh
Net margin -1.7%
EBITDA · FY 2023
-₹7.48 Lakh
EBITDA margin -2.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
2
GST registered
About Refinement Fabrics Private Limited
Data last updated:
Refinement Fabrics Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 21 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17299GJ2017PTC099180. Its GSTIN is 24AAICR5366D1ZE (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Smit Shah Tarunbhai and Vijay Shantilal Mehta.
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 344 Iscon Emporio B/S. Star India Bazar Near Jodhpur Cross Road Satellite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.74 Cr, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹4.7 Lakh (net margin -1.7%) and EBITDA of -₹7.48 Lakh (EBITDA margin -2.7%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years.
Court records list 6 cases involving the company, including 6 filed against it; 2 cases are pending.
Refinement Fabrics Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0101404). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17299GJ2017PTC099180
Registration Number 099180
Incorporation Date 21 September 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0101404
Recognitions & Rankings of Refinement Fabrics
Contact details
Refinement Fabrics Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address344 Iscon Emporio B/S. Star India Bazar Near Jodhpur Cross Road Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Refinement Fabrics Private Limited, buy the company report.
Comprehensive company report
Refinement Fabrics 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 Refinement Fabrics 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 Refinement Fabrics Private Limited, buy the company report.
Financials of Refinement Fabrics Private Limited
FY 2023 filings availableRefinement Fabrics Private Limited reported revenue of ₹2.74 Cr (down 61% YoY) for FY 2023.
Revenue · FY 2023
₹2.74 Cr ▼ 61%
Net loss · FY 2023
₹4.7 Lakh margin -1.7%
EBITDA · FY 2023
-₹7.48 Lakh margin -2.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 61%
3 years · compounded
▼ 59%
EBITDA CAGR growth
1 year
▼ 102%
3 years · compounded
▲ 10%
5 years · compounded
▼ 90%
Revenue has declined at a compounded annual rate (CAGR) of 59% over three years, including a 61% fall in the latest year. EBITDA fell 102% 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 |
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| Total Expenses | |||||
| EBITDA | -₹7.48 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.7 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.7% | ||||
| Net Profit Margin | -1.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Refinement Fabrics Private Limited, buy the company report.
Board of directors of Refinement Fabrics Private Limited
Refinement Fabrics has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Smit Shah Tarunbhai Also directs: Supernova Polyfab Private Limited | Director | 21 Sep 2017 | 9 Years 1 Months | Current |
| Vijay Shantilal Mehta Also directs: Abhar Properties Private Limited, Sai Etco Developers and Realty Private Limited, Khusharav Builders Private Limited and 1 more | Director | 01 Jan 2020 | 6 Years 9 Months | Current |
Peer comparison
Refinement Fabrics Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Digvijay Suitings Private Limited | ₹2.75 Cr (FY 2025) | -19.0% | Madanganj Kishangarh, Rajasthan, India | |||
| Yours Fantasy Textile Private Limited | ₹2.75 Cr (FY 2020) | Jaipur, Rajasthan, India | ||||
| RCM Techno Textiles Private Limited | ₹2.74 Cr (FY 2025) | -44.0% | Surat, Gujarat, India | |||
| Refinement Fabrics Private Limitedthis company | ₹2.74 Cr (FY 2023) | -₹4.7 Lakh | -1.7% | -61.0% | Ahmedabad, Gujarat, India | |
| Kalina Enterprises Private Limited | ₹2.73 Cr (FY 2025) | -26.0% | Delhi, India |
To see the full peer comparison of Refinement Fabrics Private Limited, buy the company report.
Auditor
Refinement Fabrics Private Limited is audited by KAVITA BIRLA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAVITA BIRLA & CO | FY 2020 | 013208C |
Shareholding
The shareholding of Refinement Fabrics Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Refinement Fabrics Private Limited, buy the company report.
Legal cases
Refinement Fabrics Private Limited has 6 court cases on record: 6 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed against the company
6
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Indigo Denim Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Ketan Sureshchandra Mehta Sole Proprietor of Associated Chemical Corporation | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Raka Oil Company Through Rajendra Raka | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Summons For Judgement) | Filed against the company by Harshadkumar and Brothers | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Harshadkumar and Brothers | Disposed |
To see the full case history of Refinement Fabrics 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 Refinement Fabrics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Refinement Fabrics has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICR5366D1ZE | Gujarat | Active | 01 Aug 2018 |
| 29AAICR5366D1Z4 | Karnataka | Active | 30 Aug 2019 |
To see the full GST registrations and return filing status of Refinement Fabrics Private Limited, buy the company report.
Recent activity
Refinement Fabrics Private Limited has 6 board changes on record since 2017: 2 appointments and 4 cessations. The latest: Vijay Shantilal Mehta ceased to be Additional Director on 31 Dec 2020.
AGM
Refinement Fabrics Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Refinement Fabrics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
Ceased
Vijay Shantilal Mehta ceased to be Additional Director.
Ceased
Ashish Mandowara ceased to be Additional Director.
Appointed
Vijay Shantilal Mehta was appointed as Director.
Ceased
Rupal Tarunbhai Shah ceased to be Director.
Ceased
Tarun Chandulal Shah ceased to be Director.
Appointed
Smit Shah Tarunbhai was appointed as Director.
Incorporation
21 Sep 2017
Refinement Fabrics Private Limited was registered on 21 Sep 2017 with Roc Ahmedabad & aged 9 years 1 month as per MCA records.
Frequently asked questions
Refinement Fabrics is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 21 September 2017 (9+ years old) and is registered under CIN U17299GJ2017PTC099180.
Refinement Fabrics has 2 current directors:
- Smit Shah Tarunbhai - Director
- Vijay Shantilal Mehta - Director
The latest financial statements of Refinement Fabrics 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 FY 2018 are in the company report.
The GSTIN of Refinement Fabrics is 24AAICR5366D1ZE, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAICR5366D1Z4 (Karnataka).
The CIN (Corporate Identification Number) of Refinement Fabrics is U17299GJ2017PTC099180. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Refinement Fabrics has 6 court cases on record: 6 filed against it. 2 are pending.
Refinement Fabrics was incorporated on 21 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Refinement Fabrics by revenue are Digvijay Suitings Private Limited, Yours Fantasy Textile Private Limited, RCM Techno Textiles Private Limited, Kalina Enterprises Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Vijay Shantilal Mehta ceased to be Additional Director on 31 Dec 2020. Ashish Mandowara ceased to be Additional Director on 22 Jun 2020. Vijay Shantilal Mehta was appointed as Director on 01 Jan 2020. Refinement Fabrics has 6 board changes on record in total.
Yes, Refinement Fabrics is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0101404).
The registered office of Refinement Fabrics is at 344 Iscon Emporio BS. Star India Bazar Near Jodhpur Cross Road Satellite, Ahmedabad, Gujarat, India – 380015.
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