Sainath Texmech Private Limited
About Sainath Texmech Private Limited
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Sainath Texmech Private Limited is a private limited company based in Dombivli, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 15 September 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29899MH1989PTC053506. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.88 Lakh. It is led by directors Bajranglal Laxminarayan Joshi and Sharada Bajranglal Joshi.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Plot No A – 181 MIDC Phase – I Dombilvi (East), Dombivli, Maharashtra, India – 421201.
As per the financials filed for FY 2017, the company reported a revenue of ₹1.13 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net profit of ₹22,289 (net margin 0.2%) and EBITDA of ₹54.76 Lakh (EBITDA margin 48.5%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years.
As per MCA filings, the company has open charges of ₹1.99 Cr and satisfied charges of ₹2.41 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Sainath Texmech Private Limited's registered office is in Dombivli, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No A – 181 MIDC Phase – I Dombilvi (East), Dombivli, Maharashtra, India – 421201
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sainath Texmech 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 Sainath Texmech is goods and service producing activities of households for own use. In detail, this covers undifferentiated goods and service producing activities of households for own use.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| T | Goods and service producing activities of households for own use | T2 | Undifferentiated goods and service producing activities of households for own use |
To see the full business activity and turnover split of Sainath Texmech Private Limited, buy the company report.
Financials of Sainath Texmech Private Limited
FY 2017 filings availableSainath Texmech Private Limited reported revenue of ₹1.13 Cr (down 65% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 32% over three years, including a 65% fall in the latest year. EBITDA rose 94% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1.13 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹54.76 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹22,289 | ||
| 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 | 48.5% | ||
| Net Profit Margin | 0.2% | ||
| 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 Sainath Texmech Private Limited, buy the company report.
Board of directors of Sainath Texmech Private Limited
Sainath Texmech has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bajranglal Laxminarayan Joshi | Director | 15 Sep 1989 | 37 Years 1 Months | Current |
| Sharada Bajranglal Joshi | Director | 16 Dec 1991 | 34 Years 10 Months | Current |
Auditor
Sainath Texmech Private Limited is audited by RAVI MALVIYA AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAVI MALVIYA AND ASSOCIATES | FY 2017 | 137351W |
Shareholding
The shareholding of Sainath Texmech 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 Sainath Texmech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2012 | 10443037 | Bank of Maharashtra | ₹1.99 Cr | Open | |
| 31 Jan 2012 | 10338351 | Catholic Syrian Bank | ₹22.65 Lakh | Satisfied | |
| 03 Jul 2010 | 10237084 | Catholic Syrian Bank | ₹1.35 Cr | Satisfied | |
| 25 Nov 2009 | 10193537 | Bombay Mercantile Co-Operative Bank Limited | ₹53 Lakh | Satisfied | |
| 25 Nov 2009 | 10193538 | Bombay Mercantile Co-Operative Bank Limited | ₹15 Lakh | Satisfied |
To see the full charge records of Sainath Texmech Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Sainath Texmech Private Limited has 5 court cases on record: 3 filed by Sainath Texmech, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Bank of Maharashtra Station Road Branch (0022) and Anr. | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Bank of Maharashtra Station Road Branch (0022) and Anr. | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Bank of Maharashtra , Station Rd, Branch and Anr | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Ms Manirath Traders Shri . Nagendrakumar Mishra | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Colorban Dyestuff Pvt Ltd | Disposed |
To see the full case history of Sainath Texmech 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 Sainath Texmech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sainath Texmech has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sainath Texmech Private Limited, buy the company report.
Recent activity
Sainath Texmech Private Limited has 2 board changes on record since 1989: 2 appointments. The latest: Sharada Bajranglal Joshi was appointed as Director on 16 Dec 1991.
5 earlier events are in the company report.
Frequently asked questions
Sainath Texmech is an active private limited company based in Dombivli, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 15 September 1989 (37+ years old) and is registered under CIN U29899MH1989PTC053506.
Sainath Texmech has 2 current directors:
- Bajranglal Laxminarayan Joshi - Director
- Sharada Bajranglal Joshi - Director
The latest financial statements of Sainath Texmech on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Sainath Texmech has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Sainath Texmech is U29899MH1989PTC053506. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sainath Texmech has 5 court cases on record: 3 filed by the company and 2 filed against it. Most are in the high courts.
Sainath Texmech was incorporated on 15 September 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Sharada Bajranglal Joshi was appointed as Director on 16 Dec 1991. Bajranglal Laxminarayan Joshi was appointed as Director on 15 Sep 1989.
The registered office of Sainath Texmech is at Plot No A – 181 MIDC Phase – I Dombilvi East, Dombivli, Maharashtra, India – 421201.
Sainath Texmech operates in the manufacturing industry, in the textile and fabric production segment.
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