Saaron Mechanical Works Private Limited
About Saaron Mechanical Works Private Limited
Data last updated:
Saaron Mechanical Works Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 09 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U29100PB2013PTC037478. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Azzo Jackets Private Limited. It is led by directors Vinay Singla and Paramjit Singh.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 2374 Gali No. 12 J Nagar Janta Nagar, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2018, the company reported a revenue of ₹13.44 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net profit of ₹5,461 (net margin 0.4%) and EBITDA of ₹2.01 Lakh (EBITDA margin 15%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years.
As per MCA filings, the company has open charges of ₹20 Lakh on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Saaron Mechanical Works has one previous CIN (Corporate Identification Number): U18202PB2013PTC037478. The current CIN is U29100PB2013PTC037478, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29100PB2013PTC037478 | Current |
| U18202PB2013PTC037478 | Previous |
Contact details
Saaron Mechanical Works Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address is in the company report.
- Email
- Registered Address2374 Gali No. 12 J Nagar Janta Nagar, Ludhiana, Punjab, India – 141001
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Saaron Mechanical Works 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
Financials of Saaron Mechanical Works Private Limited
FY 2018 filings availableSaaron Mechanical Works Private Limited reported revenue of ₹13.44 Lakh (down 64% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over three years, including a 64% fall in the latest year. EBITDA rose 61% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹13.44 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2.01 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹5,461 | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 15% | |||
| Net Profit Margin | 0.4% | |||
| 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 Saaron Mechanical Works Private Limited, buy the company report.
Board of directors of Saaron Mechanical Works Private Limited
Saaron Mechanical Works has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Singla | Director | 09 May 2013 | 13 Years 5 Months | Current |
| Paramjit Singh | Director | 09 May 2013 | 13 Years 5 Months | Current |
Auditor
Saaron Mechanical Works Private Limited is audited by SINGLA GUPTA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGLA GUPTA & CO | FY 2018 | 017231N |
Shareholding
The shareholding of Saaron Mechanical Works Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Saaron Mechanical Works Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2014 | 10502830 | State Bank of Patiala | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Saaron Mechanical Works Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Saaron Mechanical Works Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saaron Mechanical Works has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Saaron Mechanical Works Private Limited, buy the company report.
Recent activity
Saaron Mechanical Works Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Paramjit Singh ceased to be Director on 29 Sep 2019.
Frequently asked questions
Saaron Mechanical Works is an active private limited company based in Ludhiana, Punjab, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 09 May 2013 (13+ years old) and is registered under CIN U29100PB2013PTC037478.
Saaron Mechanical Works has 2 current directors:
- Vinay Singla - Director
- Paramjit Singh - Director
The latest financial statements of Saaron Mechanical Works on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Saaron Mechanical Works has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Saaron Mechanical Works is U29100PB2013PTC037478. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saaron Mechanical Works was incorporated on 09 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chandigarh.
Paramjit Singh ceased to be Director on 29 Sep 2019. Vinay Singla ceased to be Director on 29 Sep 2019. Gursimran Kaur ceased to be Director on 29 Mar 2019. Saaron Mechanical Works has 6 board changes on record in total.
The registered office of Saaron Mechanical Works is at 2374 Gali No. 12 J Nagar Janta Nagar, Ludhiana, Punjab, India – 141001.
Saaron Mechanical Works operates in the fashion and textile industry, in the designer and branded fashion segment.
Saaron Mechanical Works has open charges of ₹20 Lakh and no satisfied charges on record as per latest MCA filings.