Reynold Shirting Limited
About Reynold Shirting Limited
Data last updated:
Reynold Shirting Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 November 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH2003PLC143303. Its GSTIN is 27AACCR7055H3Z6 (Maharashtra). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.48 Cr. It was formerly known as Reynold Shirting Private Limited. It is led by directors including Prakash Narsing Lembhe and Sudhir Vijay Goyal.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 402 4th Floor Kamla Hub N.S.Road No.1 Juhu Scheme Vile Parle (West), Mumbai, Maharashtra, India – 400049.
As per the financials filed for FY 2019, the company reported a revenue of ₹135.45 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹51.78 Cr (net margin -38.2%) and EBITDA of -₹12.39 Cr (EBITDA margin -9.1%). Revenue has declined at a compounded annual rate (CAGR) of 11% 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 ₹6,713.89 Cr and satisfied charges of ₹11,303 Cr on record. Court records list 27 cases involving the company, including 9 filed by the company and 18 filed against it; 6 cases are pending. The company has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹130 Cr; the latest was in August 2018. Its 8 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 5 smaller; the largest is Rakesh Fuel Pvt. Ltd. with revenue of ₹135.56 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Reynold Shirting has one previous CIN (Corporate Identification Number): U17120MH2003PTC143303. The current CIN is U17120MH2003PLC143303, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17120MH2003PLC143303 | Current |
| U17120MH2003PTC143303 | Previous |
Contact details
Reynold Shirting Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address402 4th Floor Kamla Hub N.S.Road No.1 Juhu Scheme Vile Parle (West), Mumbai, Maharashtra, India – 400049
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Reynold Shirting 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 Reynold Shirting 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 Reynold Shirting Limited, buy the company report.
Financials of Reynold Shirting Limited
FY 2019 filings availableReynold Shirting Limited reported revenue of ₹135.45 Cr (down 74% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over three years, including a 74% fall in the latest year. EBITDA fell 161% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹135.45 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹12.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹51.78 Cr | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.1% | ||||
| Net Profit Margin | -38.2% | ||||
| 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 Reynold Shirting Limited, buy the company report.
Board of directors of Reynold Shirting Limited
Reynold Shirting has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Narsing Lembhe | Director | 09 Oct 2017 | 9 Years 0 Months | Current |
| Sudhir Vijay Goyal Also directs: Yashassu Enterprises LLP, Quadrasol Energy Private Limited, Kagal Industrial Textile Technology Park Private Limited and 1 more | Director | 21 Feb 2018 | 8 Years 8 Months | Current |
| Rajesh Ramnaresh Gupta | Director | 09 Oct 2017 | 9 Years 0 Months | Current |
Peer comparison
Reynold Shirting 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 |
|---|---|---|---|---|---|---|
| Rakesh Fuel Pvt. Ltd. | ₹135.56 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Alpine Knits India Private Limited | ₹135.54 Cr (FY 2024) | -4.0% | Tirupur, Tamil Nadu, India | |||
| Susheel Yarns Private Limited | ₹135.52 Cr (FY 2025) | 2.0% | Arjiya, Rajasthan, India | |||
| Reynold Shirting Limitedthis company | ₹135.45 Cr (FY 2019) | -₹51.78 Cr | -38.2% | -74.0% | 6 | Mumbai, Maharashtra, India |
| Stuti Processors Private Limited | ₹135.37 Cr (FY 2025) | -4.0% | Surat, Gujarat, India | |||
| Avi Ansh Textile Limited | ₹134.63 Cr (FY 2025) | -5.0% | Delhi, India | |||
| Jindal Specialty Textiles Limited | ₹134.6 Cr (FY 2025) | -35.0% | Ludhiana, Punjab, India | |||
| Shreedhar Spinners Limited | ₹134.43 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Concept Clothing Private Limited | ₹134.21 Cr (FY 2025) | 15.0% | Delhi, India |
To see the full peer comparison of Reynold Shirting Limited, buy the company report.
Auditor
Reynold Shirting Limited is audited by P R AGARWAL & AWASTHI for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P R AGARWAL & AWASTHI | FY 2019 | 117940W |
Shareholding
The shareholding of Reynold Shirting Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | 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 Reynold Shirting Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 2023 | 100807558 | Axis Bank Limited | ₹10 Lakh | Open | |
| 10 Jan 2020 | 100321782 | Others | ₹150 Cr | Open | |
| 23 Sep 2019 | 100298694 | Others | ₹18.5 Cr | Open | |
| 18 Apr 2019 | 100265965 | Others | ₹100 Cr | Open | |
| 30 Nov 2017 | 100165694 | Others | ₹403.96 Cr | Open |
To see the full charge records of Reynold Shirting Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Reynold Shirting Limited has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹130 Cr; the latest was in August 2018.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Prime India Investment Fund Limited |
| May 2012 | Funding round | ₹53.41 Cr | Investors: Grovsnor Investment Fund Limited, an individual |
| Mar 2012 | Funding round | ₹3 Cr | Investors: CPL Securities Private Limited |
| Oct 2009 | Funding round | ₹73.1 Cr | Investors: Prime India Investment Fund Limited, an individual |
| Mar 2007 | Funding round | ₹49.5 Lakh | Investors: Bombay Rayon Clothing Limited , 3 individuals |
To see the full deal history of Reynold Shirting Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Reynold Shirting Limited has 27 court cases on record: 9 filed by Reynold Shirting, 18 filed against it. 6 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 3 |
| High courts | 13 | 6 | 3 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Catalyst Trusteeship Limited Through Deesha Srikkanth | Pending |
| Bombay High Court | Writ petition | Filed against the company by Catalyst Trusteeship Limited and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Catalyst Trusteeship Limited Through Its Authorised Officer Pankaj Rohilla | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Comfort Securities Limited | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Linen Art Pvt. Ltd. THR Its Authorized Signatory | Disposed |
To see the full case history of Reynold Shirting 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 Reynold Shirting Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Reynold Shirting has 3 associated companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
Employees & EPFO
Reynold Shirting Limited has a workforce of 6 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Reynold Shirting has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCR7055H3Z6 | Maharashtra | Active | 23 Jul 2017 |
| 26AACCR7055H2Z9 | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
| 24AACCR7055H1ZE | Gujarat | Active | 17 Mar 2018 |
To see the full GST registrations and return filing status of Reynold Shirting Limited, buy the company report.
Recent activity
Reynold Shirting Limited has 11 board changes on record since 2017: 3 appointments and 8 cessations. The latest: Prakash Narsing Lembhe ceased to be Additional Director on 29 Sep 2018.
43 earlier events are in the company report.
Frequently asked questions
Reynold Shirting is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 November 2003 (23+ years old) and is registered under CIN U17120MH2003PLC143303.
Reynold Shirting has 3 current directors:
- Prakash Narsing Lembhe - Director
- Sudhir Vijay Goyal - Director
- Rajesh Ramnaresh Gupta - Director
The latest financial statements of Reynold Shirting on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Reynold Shirting is 27AACCR7055H3Z6, registered in Maharashtra. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 26AACCR7055H2Z9 (Dadra and Nagar Haveli and Daman and Diu), 24AACCR7055H1ZE (Gujarat).
The CIN (Corporate Identification Number) of Reynold Shirting is U17120MH2003PLC143303. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reynold Shirting has 27 court cases on record: 9 filed by the company and 18 filed against it. 6 are pending. Most are in the district courts.
Reynold Shirting was incorporated on 27 November 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Reynold Shirting has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹130 Cr; the latest was in August 2018.
The peers of Reynold Shirting by revenue are Rakesh Fuel Pvt. Ltd, Alpine Knits India Private Limited, Susheel Yarns Private Limited, Stuti Processors Private Limited, Avi Ansh Textile Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Prakash Narsing Lembhe ceased to be Additional Director on 29 Sep 2018. Rajesh Ramnaresh Gupta ceased to be Additional Director on 29 Sep 2018. Sudhir Vijay Goyal ceased to be Additional Director on 29 Sep 2018. Reynold Shirting has 11 board changes on record in total.
The registered office of Reynold Shirting is at 402 4th Floor Kamla Hub N.S.Road No.1 Juhu Scheme Vile Parle West, Mumbai, Maharashtra, India – 400049.
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