Safeway Fashions Private Limited
About Safeway Fashions Private Limited
Data last updated:
Safeway Fashions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 01 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U17121KA2006PTC040098. The company has 1 GST registration on record, which is no longer active.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 is led by directors Theruvath Abdullah Usman and Baskaran Karthigeyan.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.02 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹43,863 (net margin -0.2%) and EBITDA of ₹2.1 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years and 8% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹39.9 Lakh on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Safeway Fashions Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressS # 105 Bommasandra Jigini Ring Road Bommasandra Industrial, Area, Bangalore, Karnataka, India – 560099
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Safeway Fashions 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 Safeway Fashions is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Safeway Fashions Private Limited, buy the company report.
Financials of Safeway Fashions Private Limited
FY 2020 filings availableSafeway Fashions Private Limited reported revenue of ₹2.02 Cr (up 1098% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years. EBITDA rose 109% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹2.1 Lakh | ||||
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| Net Profit (PAT) | -₹43,863 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | -0.2% | ||||
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To see the full financial statements and ratios of Safeway Fashions Private Limited, buy the company report.
Board of directors of Safeway Fashions Private Limited
Safeway Fashions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Baskaran Karthigeyan Also directs: Suvastra India Private Limited | Additional Director | 01 Mar 2014 | 12 Years 8 Months | Current |
| Theruvath Abdullah Usman | Director | 01 Aug 2006 | 20 Years 3 Months | Current |
Auditor
Safeway Fashions Private Limited is audited by U CHATRAGUDAIAH & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| U CHATRAGUDAIAH & CO | FY 2017 | 015116S |
Shareholding
The shareholding of Safeway Fashions Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Safeway Fashions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jul 2008 | 10134223 | Vijaya Bank | ₹10 Lakh | Open | |
| 07 Mar 2008 | 10134221 | Vijaya Bank | ₹9.9 Lakh | Open | |
| 19 Sep 2006 | 10134220 | Vijaya Bank | ₹5 Lakh | Open | |
| 10 Aug 2006 | 10134218 | Vijaya Bank | ₹15 Lakh | Open |
To see the full charge records of Safeway Fashions Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Safeway Fashions Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Revision petition | Filed against the company by M/S A N Market Solutions Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by A.N.Market Solutions P Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by A.N.Market Solutions P Ltd | Disposed |
To see the full case history of Safeway Fashions 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 Safeway Fashions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Safeway Fashions Private Limited has a workforce of 3 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Safeway Fashions 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 Safeway Fashions Private Limited, buy the company report.
Recent activity
Safeway Fashions Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Baskaran Karthigeyan was appointed as Additional Director on 01 Mar 2014.
Frequently asked questions
Safeway Fashions is an active private limited company based in Bangalore, Karnataka, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 01 August 2006 (20+ years old) and is registered under CIN U17121KA2006PTC040098.
Safeway Fashions has 2 current directors:
- Baskaran Karthigeyan - Additional Director
- Theruvath Abdullah Usman - Director
The latest financial statements of Safeway Fashions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Safeway Fashions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Safeway Fashions is U17121KA2006PTC040098. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Safeway Fashions has 3 court cases on record: 3 filed against it. Most are in the district courts.
Safeway Fashions was incorporated on 01 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Baskaran Karthigeyan was appointed as Additional Director on 01 Mar 2014. Meethal Abdulla Omer ceased to be Director on 01 Mar 2014. Arakkal Abdus Salam ceased to be Director on 29 Jan 2009. Safeway Fashions has 4 board changes on record in total.
The registered office of Safeway Fashions is at S # 105 Bommasandra Jigini Ring Road Bommasandra Industrial, Area, Bangalore, Karnataka, India – 560099.
Safeway Fashions operates in the manufacturing industry, in the textile and fabric production segment.
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