About S K S Textiles Limited
Data last updated:
S K S Textiles Limited is a public limited company based in Thane, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 20 October 1997.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L17000MH1997PLC111406. Its GSTIN is 27AAHCS5197C1Z5 (Maharashtra). It is a listed company as per MCA records.
The company has an authorised share capital of ₹3.3 Cr and a paid-up capital of ₹3.26 Cr. It was formerly known as S K S Textiles Private Limited. It is led by directors including Vicky Sukanraj Shah (Managing Director) and Sukanraj Bhabutmal Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at H No. 1246/1K Gala: 1 – 9 1st Floor Blndg B – 4 Prithvi Complex Kalher Village, Thane, Maharashtra, India – 421302.
As per the financials filed for FY 2021, the company reported a revenue of ₹22.74 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹67.27 Cr (net margin -295.9%) and EBITDA of -₹61.14 Cr (EBITDA margin -268.9%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years and 31% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹64.07 Cr and satisfied charges of ₹62.25 Cr on record. Court records list 30 cases involving the company, including 5 filed by the company and 25 filed against it; 16 cases are pending. The company has 18 deals on record (17 market trades, 1 ipo); the latest was in December 2023.
The last known website on record is groupsks.com.
Company details
CIN history
S K S Textiles has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L17000MH1997PLC111406, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17000MH1997PLC111406 | Current |
| U17000MH1997PLC111406 | Previous |
| U17000MH1997PTC111406 | Previous |
Contact details
S K S Textiles Limited's registered office is in Thane, Maharashtra. Its website is groupsks.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressH No. 1246/1K Gala: 1 – 9 1st Floor Blndg B – 4 Prithvi Complex Kalher Village, Thane, Maharashtra, India – 421302
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of S K S Textiles 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
Financials of S K S Textiles Limited
FY 2021 filings availableS K S Textiles Limited reported revenue of ₹22.74 Cr (down 88% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 88% fall 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 | ₹22.74 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹61.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹67.27 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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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 | -268.9% | ||||
| Net Profit Margin | -295.9% | ||||
| 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 | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of S K S Textiles Limited, buy the company report.
Board of directors of S K S Textiles Limited
S K S Textiles has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vicky Sukanraj Shah Also directs: Parag Housing Developments Pvt Ltd | Managing Director | 20 Oct 1997 | 29 Years 0 Months | As last reported |
| Sukanraj Bhabutmal Shah Also directs: Parag Housing Developments Pvt Ltd | Whole-Time Director | 20 Oct 1997 | 29 Years 0 Months | As last reported |
| Mihir Manek Mahendrakumar | Director | 26 Jul 2017 | 9 Years 2 Months | As last reported |
| Nokhelal Duij Varma | Director | 28 Jul 2020 | 6 Years 2 Months | As last reported |
Auditor
S K S Textiles Limited is audited by BHATTER & COMPANY for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHATTER & COMPANY | FY 2021 | 131092W |
Shareholding
The shareholding of S K S Textiles 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 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of S K S Textiles Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Feb 2021 | 100464111 | Standard Chartered Bank | ₹4 Cr | Open | |
| 28 Oct 2020 | 100401093 | Others | ₹3.84 Cr | Open | |
| 28 Jun 2019 | 100275580 | Standard Chartered Bank | ₹64 Lakh | Open | |
| 17 Dec 2016 | 100108369 | Standard Chartered Bank | ₹64 Lakh | Open | |
| 17 Dec 2016 | 100108366 | Standard Chartered Bank | ₹31.04 Cr | Open |
To see the full charge records of S K S Textiles Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
S K S Textiles Limited has 18 deals on record (17 market trades, 1 ipo); the latest was in December 2023.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Market trade | ₹20 Lakh | Buyer: Nopea Capital Services Private Limited Seller: an individual |
| Apr 2022 | Market trade | ₹23.3 Lakh | Buyer: Venkateshwara Industrial Promotion Co. Ltd Seller: an individual |
| Sep 2021 | Market trade | ₹39.9 Lakh | Buyer: Arc Finance Ltd , Aryaman Capital Markets Limited Seller: Vicky Sukanraj Shah Huf, Sahil Sukanraj Shah Huf |
| Aug 2021 | Market trade | ₹37.2 Lakh | Buyer: Emrald Commercial Limited , S K Growth Fund Pvt Ltd Seller: Sukhanraj Bhabutmal Shah Huf, Sahil Sukanraj Shah Huf, Vicky Sukanraj Shah Huf |
| Aug 2021 | Market trade | ₹20 Lakh | Buyer: Emrald Commercial Limited , S K Growth Fund Pvt Ltd Seller: Sukhanraj Bhabutmal Shah Huf, Sahil Sukanraj Shah Huf, Vicky Sukanraj Shah Huf |
To see the full deal history of S K S Textiles 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
S K S Textiles Limited has 30 court cases on record: 5 filed by S K S Textiles, 25 filed against it. 16 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 21 | 16 |
| NCLT | 4 | 3 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Kotak Mahindra Bank Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Fedbank Financial Services Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by DBS Bank India Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
To see the full case history of S K S Textiles 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 S K S Textiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
S K S Textiles Limited has a workforce of 1 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
S K S Textiles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCS5197C1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of S K S Textiles Limited, buy the company report.
Recent activity
S K S Textiles Limited has 10 board changes on record since 1997: 7 appointments and 3 cessations. The latest: Sahil Sukanraj Shah ceased to be Whole-Time Director on 09 Dec 2020.
17 earlier events are in the company report.
Frequently asked questions
S K S Textiles is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
S K S Textiles is a company under insolvency, formerly operating as a public limited company based in Thane, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 20 October 1997 and is registered under CIN L17000MH1997PLC111406. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
S K S Textiles has 4 current directors:
- Vicky Sukanraj Shah - Managing Director
- Sukanraj Bhabutmal Shah - Whole-Time Director
- Mihir Manek Mahendrakumar - Director
- Nokhelal Duij Varma - Director
The latest financial statements of S K S Textiles on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 September 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of S K S Textiles is L17000MH1997PLC111406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. S K S Textiles is a listed company as per MCA records.
S K S Textiles has open charges of ₹64.07 Cr and satisfied charges of ₹62.25 Cr as per latest MCA filings.
S K S Textiles has 30 court cases on record: 5 filed by the company and 25 filed against it. 16 are pending. Most are in the district courts.
S K S Textiles was incorporated on 20 October 1997. It is registered with the Registrar of Companies, Mumbai.
S K S Textiles has 18 deals on record (17 market trades, 1 ipo); the latest was in December 2023.