About Sanven Apparel Limited
Data last updated:
Sanven Apparel Limited is a public limited company based in Thane, Maharashtra, India, a subsidiary of Raymond Limited. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 26 October 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18109MH2006PLC262077. Its GSTIN is 27AAKCS3399H1ZS (Maharashtra). The company holds 30 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹601.3 Cr and a paid-up capital of ₹601.03 Cr. It was formerly known as Gas Apparel Limited and Solitaire Fashions Limited. It is led by directors including Prem Kumar Das and Satyendra Sahu.
Its last annual general meeting (AGM) was held on 01 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Jekegram Pokhran Road No.1, Thane, Maharashtra, India – 400606.
As per the financials filed for FY 2023, the company reported a revenue of ₹32.53 Lakh. For the same year it recorded a net loss of ₹1.4 Cr (net margin -431.7%) and EBITDA of -₹1.39 Cr (EBITDA margin -426.5%). Revenue has declined at a compounded annual rate (CAGR) of 94% over three years and 81% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹295 Cr and satisfied charges of ₹532.6 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website raymond.in.
Company details
Name history
Sanven Apparel has undergone 6 name changes throughout its history. The current legal name is Sanven Apparel Limited.
| Company Name | Status |
|---|---|
| Sanven Apparel Limited | Current |
| Gas Apparel Limited | Previous |
| Solitaire Fashions Limited | Previous |
| Solitaire Fashions Private Limited | Previous |
| Gas Apparel India Private Limited | Previous |
| Gas Apparel Private Limited | Previous |
| Gas Apparel Limited | Previous |
CIN history
Sanven Apparel has one previous CIN (Corporate Identification Number): U18109TN2006PLC061384. The current CIN is U18109MH2006PLC262077, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18109MH2006PLC262077 | Current |
| U18109TN2006PLC061384 | Previous |
Contact details
Sanven Apparel Limited's registered office is in Thane, Maharashtra. Its website is raymond.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJekegram Pokhran Road No.1, Thane, Maharashtra, India – 400606
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Sanven Apparel 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 Sanven Apparel Limited
FY 2023 filings availableSanven Apparel Limited reported revenue of ₹32.53 Lakh for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 81% over five years. EBITDA fell 180% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹32.53 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.4 Cr | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -426.5% | ||||
| Net Profit Margin | -431.7% | ||||
| 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 Sanven Apparel Limited, buy the company report.
Board of directors of Sanven Apparel Limited
Sanven Apparel has 3 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prem Kumar Das | Director | 29 Mar 2024 | 2 Years 7 Months | Current |
| Satyendra Sahu | Director | 29 Mar 2024 | 2 Years 7 Months | Current |
| Kamal Kumar Bhansali Also directs: Corpgeny Consultants LLP, Genuine Vanijya Private Limited, Risewell Vanijya Private Limited and 5 more | Director | 29 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Sanven Apparel Limited is audited by MGM and Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MGM and Company | FY 2023 | 117963W |
Shareholding
The shareholding of Sanven Apparel Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sanven Apparel Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2021 | 100435137 | Others | ₹73.24 Cr | Satisfied | |
| 27 Sep 2019 | 100298972 | Others | ₹40 Cr | Satisfied | |
| 24 Jan 2013 | 10404750 | Bank of Maharashtra | ₹30 Cr | Satisfied | |
| 28 Aug 2008 | 10125749 | Bank of Maharashtra | ₹11.5 Cr | Satisfied | |
| 28 Aug 2008 | 10125750 | Bank of Maharashtra | ₹25.36 Cr | Satisfied |
To see the full charge records of Sanven Apparel Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Sanven Apparel Limited has 5 court cases on record: 4 filed by Sanven Apparel, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (TER) | Filed against the company by Oberoi Mall Pvt. Ltd. | Disposed |
| Madras High Court | Court case (COMP.A) | Filed by the company | Disposed |
| Madras High Court | Company petition | Filed by the company | Disposed |
To see the full case history of Sanven Apparel 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
Sanven Apparel Limited was last rated by Care on 07 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Oct 2021 |
To see the full credit ratings and regulatory alerts of Sanven Apparel Limited, buy the company report.
MSME payment delays
Sanven Apparel Limited has 13 MSME Form 1 returns on record between 2018 and 2021, listing 4,514 overdue payments to 221 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 221)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| J V Plastic Industries India Private Limited | |||
| an individual supplier | |||
| Paix Surveillance Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Sanven Apparel Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sanven Apparel Limited has a workforce of 1 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Sanven Apparel has 30 GST registrations: 13 active and 17 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCS3399H1ZS | Maharashtra | Active | 01 Jul 2017 |
| 27AAKCS3399H2ZR | Maharashtra | Active | 11 Jul 2017 |
| 02AAKCS3399H1Z4 | Himachal Pradesh | Active | 01 Jul 2017 |
| 05AAKCS3399H1ZY | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sanven Apparel Limited, buy the company report.
Recent activity
Sanven Apparel Limited has 39 board changes on record since 2008: 4 appointments and 35 cessations. The latest: Sajiwan Das was appointed as CFO on 01 Nov 2024.
51 earlier events are in the company report.
News
Frequently asked questions
Sanven Apparel is an active public limited company based in Thane, Maharashtra, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 26 October 2006 (20+ years old) and is registered under CIN U18109MH2006PLC262077.
Sanven Apparel has 3 current directors:
- Prem Kumar Das - Director
- Satyendra Sahu - Director
- Kamal Kumar Bhansali - Director
The latest financial statements of Sanven Apparel on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 01 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Sanven Apparel is 27AAKCS3399H1ZS, registered in Maharashtra. The company has 30 GST registrations in all, of which 13 are active and 17 are cancelled or inactive. Other active GSTINs include 27AAKCS3399H2ZR (Maharashtra), 02AAKCS3399H1Z4 (Himachal Pradesh), 05AAKCS3399H1ZY (Uttarakhand).
The CIN (Corporate Identification Number) of Sanven Apparel is U18109MH2006PLC262077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sanven Apparel has 5 court cases on record: 4 filed by the company and 1 filed against it. Most are in the high courts.
Sanven Apparel was incorporated on 26 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Sajiwan Das was appointed as CFO on 01 Nov 2024. Kamal Kumar Bhansali ceased to be Additional Director on 29 Sep 2024. Prem Kumar Das ceased to be Additional Director on 29 Sep 2024. Sanven Apparel has 39 board changes on record in total.
Sanven Apparel has 13 MSME Form 1 returns on record between 2018 and 2021, listing 4,514 overdue payments to 221 micro and small suppliers. The latest return was filed on 29 Nov 2021.
Sanven Apparel can be reached through the website raymond.in. Its registered office is in Thane, Maharashtra, India.
The registered office of Sanven Apparel is at Jekegram Pokhran Road No.1, Thane, Maharashtra, India – 400606.
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