About Saffron Met-Yarns Limited
Data last updated:
Saffron Met-Yarns Limited was a public limited company based in Surat, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 23 September 2009.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17291GJ2009PLC058163. Its GSTIN is 24AANCS4104K1ZB (Gujarat).
The company had an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.06 Cr. It was formerly known as Saffron Met-Yarns Private Limited. It was led by directors including Brijendrapal Krishnalal Chopra and Harshesh Brijendrapal Chopra.
Its last annual general meeting (AGM) was held on 16 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Plot – 7/8 Gr To 2nd Fl Sy No – 178. Sai Ashish Surat Industrial Soc Bamrol, I Road, Gujarat, India – 394510.
As per the financials filed for FY 2022, the company reported a revenue of ₹10.01 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹14.27 Lakh (net margin 1.4%) and EBITDA of ₹73.25 Lakh (EBITDA margin 7.3%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 16% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹12.23 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it.
The last known website on record is saffronincorp.com.
Company details
CIN history
Saffron Met-Yarns has one previous CIN (Corporate Identification Number): U17291GJ2009PTC058163. The current CIN is U17291GJ2009PLC058163, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17291GJ2009PLC058163 | Current |
| U17291GJ2009PTC058163 | Previous |
Contact details
Saffron Met-Yarns Limited's registered office is in Surat, Gujarat. Its website is saffronincorp.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot – 7/8 Gr To 2nd Fl Sy No – 178. Sai Ashish Surat Industrial Soc Bamrol, I Road, Gujarat, India – 394510
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Saffron Met-Yarns 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 Saffron Met-Yarns Limited
FY 2024 filings availableSaffron Met-Yarns Limited reported revenue of ₹10.01 Cr (up 40% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 40% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 16%. EBITDA rose 117% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.01 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹73.25 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.27 Lakh | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Saffron Met-Yarns Limited, buy the company report.
Board of directors of Saffron Met-Yarns Limited
Saffron Met-Yarns has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Brijendrapal Krishnalal Chopra | Director | 23 Sep 2009 | 17 Years 1 Months | As last reported |
| Harshesh Brijendrapal Chopra | Director | 05 Oct 2016 | 10 Years 1 Months | As last reported |
| Richie Aikat Also directs: Saffron Jari Industries Private Limited | Director | 08 Sep 2022 | 4 Years 2 Months | As last reported |
Auditor
Saffron Met-Yarns Limited is audited by S B M G & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S B M G & CO | FY 2020 | 127756W |
Shareholding
The shareholding of Saffron Met-Yarns Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Saffron Met-Yarns Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Dec 2015 | 10607501 | Bank of Baroda | ₹75 Lakh | Satisfied | |
| 23 Dec 2011 | 10333845 | Bank of Baroda | ₹5.09 Cr | Satisfied | |
| 02 Jun 2011 | 10298507 | Others | ₹3.94 Cr | Satisfied | |
| 13 Mar 2010 | 10207580 | Allahabad Bank | ₹2.46 Cr | Satisfied |
To see the full charge records of Saffron Met-Yarns Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Saffron Met-Yarns Limited has 6 court cases on record: 2 filed by Saffron Met-Yarns, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (3 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Saffron Met-Yarns 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.
Credit ratings & regulatory alerts
Saffron Met-Yarns Limited was last rated by Care on 09 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 09 Aug 2022 |
To see the full credit ratings and regulatory alerts of Saffron Met-Yarns Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Saffron Met-Yarns Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Saffron Met-Yarns Limited has a workforce of 1 employees on its EPFO records as of Dec 2022, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 1 |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Saffron Met-Yarns Limited, buy the company report.
GST
Saffron Met-Yarns has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCS4104K1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saffron Met-Yarns Limited, buy the company report.
Recent activity
Saffron Met-Yarns Limited has 9 board changes on record since 2009: 3 appointments and 6 cessations. The latest: Richie Aikat ceased to be Additional Director on 30 Sep 2022.
10 earlier events are in the company report.
Frequently asked questions
Saffron Met-Yarns has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Saffron Met-Yarns was a public limited company based in Surat, Gujarat, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 23 September 2009 and is registered under CIN U17291GJ2009PLC058163. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Saffron Met-Yarns was incorporated on 23 September 2009. It is registered with the Registrar of Companies, Ahmedabad.
Saffron Met-Yarns had 3 directors:
- Brijendrapal Krishnalal Chopra - Director
- Harshesh Brijendrapal Chopra - Director
- Richie Aikat - Director
The CIN (Corporate Identification Number) of Saffron Met-Yarns is U17291GJ2009PLC058163. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Saffron Met-Yarns is at Plot – 78 Gr To 2nd Fl Sy No – 178. Sai Ashish Surat Industrial Soc Bamrol, I Road, Gujarat, India – 394510.
Saffron Met-Yarns can be reached through the website saffronincorp.com. Its registered office is in Surat, Gujarat, India.
The latest financial statements of Saffron Met-Yarns on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 16 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Saffron Met-Yarns is 24AANCS4104K1ZB, registered in Gujarat.
Saffron Met-Yarns operated in the manufacturing industry, in the textile and fabric production segment.
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