Sagar Knits India Private Limited
About Sagar Knits India Private Limited
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Sagar Knits India Private Limited is a private limited company based in Tirupur, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 16 June 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U18101TZ2000PTC009394. Its GSTIN is 33AAECS6540A1ZU (Tamil Nadu).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹78 Lakh. It is led by directors Rangasamy Makeshwari and Ramaraj.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at No. 6/5B Kumaran Avenue Mangalam Road Karuvampalayam, Tirupur, Tamil Nadu, India – 641604.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.85 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹2.21 Lakh (net margin 1.2%) and EBITDA of ₹55.39 Lakh (EBITDA margin 30%).
The company has about 21 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹65 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Sagar Knits India Private Limited's registered office is in Tirupur, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 6/5B Kumaran Avenue Mangalam Road Karuvampalayam, Tirupur, Tamil Nadu, India – 641604
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sagar Knits India 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 Sagar Knits India 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 Sagar Knits India Private Limited, buy the company report.
Financials of Sagar Knits India Private Limited
FY 2017 filings availableSagar Knits India Private Limited reported revenue of ₹1.85 Cr (down 9% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year. EBITDA rose 11% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹1.85 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹55.39 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.21 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 30% | ||
| Net Profit Margin | 1.2% | ||
| 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 Sagar Knits India Private Limited, buy the company report.
Board of directors of Sagar Knits India Private Limited
Sagar Knits India 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 |
|---|---|---|---|---|
| Rangasamy Makeshwari | Director | 09 Mar 2009 | 17 Years 7 Months | Current |
| Ramaraj | Director | 16 Jun 2000 | 26 Years 4 Months | Current |
Peer comparison
Sagar Knits India Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Oriental Knitwear Pvt. Ltd. | ₹1.85 Cr (FY 2025) | 34.0% | Howrah, West Bengal, India | |||
| Sagar Knits India Private Limitedthis company | ₹1.85 Cr (FY 2017) | ₹2.21 Lakh | 1.2% | -9.0% | Tirupur, Tamil Nadu, India | |
| KG Corporation Limited | ₹1.84 Cr (FY 2020) | -77.0% | Silvassa, Dadra and Nagar Haveli, India | |||
| Ruia Garments Private Limited | ₹1.84 Cr (FY 2024) | -72.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Sagar Knits India Private Limited, buy the company report.
Auditor
Sagar Knits India Private Limited is audited by K APPUSAMY & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K APPUSAMY & CO | FY 2017 |
Shareholding
The shareholding of Sagar Knits India Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sagar Knits India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2004 | 90009249 | The South Indian Bank Limited | ₹65 Lakh | Open |
To see the full charge records of Sagar Knits India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Sagar Knits India Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Palakkad, Kerala | Civil suit | Filed against the company by Augustan Textile Colours Pvt Ltd Rep Manager P. VI | Disposed |
To see the full case history of Sagar Knits India 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 Sagar Knits India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sagar Knits India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECS6540A1ZU | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sagar Knits India Private Limited, buy the company report.
Recent activity
Sagar Knits India Private Limited has 4 board changes on record since 2000: 2 appointments and 2 cessations. The latest: Nattudurai Kartikeyan ceased to be Director on 31 Oct 2016.
Frequently asked questions
Sagar Knits India is an active private limited company based in Tirupur, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 16 June 2000 (26+ years old) and is registered under CIN U18101TZ2000PTC009394.
Sagar Knits India has 2 current directors:
- Rangasamy Makeshwari - Director
- Ramaraj - Director
The latest financial statements of Sagar Knits India on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Sagar Knits India is 33AAECS6540A1ZU, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Sagar Knits India is U18101TZ2000PTC009394. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sagar Knits India has 1 court case on record: 1 filed against it.
Sagar Knits India was incorporated on 16 June 2000, making it 26+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Sagar Knits India by revenue are Oriental Knitwear Pvt. Ltd, KG Corporation Limited, Ruia Garments Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Nattudurai Kartikeyan ceased to be Director on 31 Oct 2016. Shanmugasundaran ceased to be Director on 10 Dec 2012. Rangasamy Makeshwari was appointed as Director on 09 Mar 2009. Sagar Knits India has 4 board changes on record in total.
The registered office of Sagar Knits India is at No. 65B Kumaran Avenue Mangalam Road Karuvampalayam, Tirupur, Tamil Nadu, India – 641604.
Sagar Knits India operates in the manufacturing industry, in the textile and fabric production segment.