About Saravan Tex Private Limited
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Saravan Tex Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17100TZ2011PTC017115. Its GSTIN is 33AAPCS8766B1Z1 (Tamil Nadu).
The company has an authorised share capital of ₹33 Lakh and a paid-up capital of ₹33 Lakh. It is led by directors including Sengodan Masilamani (Managing Director) and Surendharan Karthikeyan Mangaimahalakshmi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 388 Manickampalayam Veerappanchatram, Erode, Tamil Nadu, India – 638004.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.54 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹1.91 Lakh (net margin -1.2%) and EBITDA of ₹3.16 Lakh (EBITDA margin 2.1%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 42% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹84 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saravantex.com.
Company details
Contact details
Saravan Tex Private Limited's registered office is in Erode, Tamil Nadu. Its website is saravantex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address388 Manickampalayam Veerappanchatram, Erode, Tamil Nadu, India – 638004
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Saravan Tex 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
Financials of Saravan Tex Private Limited
FY 2022 filings availableSaravan Tex Private Limited reported revenue of ₹1.54 Cr (down 88% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 88% fall in the latest year. EBITDA fell 32% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.54 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.91 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | -1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| 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 Saravan Tex Private Limited, buy the company report.
Board of directors of Saravan Tex Private Limited
Saravan Tex has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surendharan Karthikeyan Mangaimahalakshmi | Director | 01 Oct 2018 | 8 Years 1 Months | Current |
| Sengodan Masilamani | Managing Director | 28 May 2011 | 15 Years 5 Months | Current |
| Periyasamy Karunanithi Deepak | Director | 22 Jan 2021 | 5 Years 9 Months | Current |
Shareholding
The shareholding of Saravan Tex Private 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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Saravan Tex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Oct 2011 | 10321378 | City Union Bank Limited | ₹84 Lakh | Open |
To see the full charge records of Saravan Tex Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Saravan Tex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Saravan Tex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saravan Tex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAPCS8766B1Z1 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saravan Tex Private Limited, buy the company report.
Recent activity
Saravan Tex Private Limited has 7 board changes on record since 2011: 3 appointments and 4 cessations. The latest: Periyasamy Karunanithi Deepak was appointed as Director on 22 Jan 2021.
Frequently asked questions
Saravan Tex is an active private limited company based in Erode, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 May 2011 (15+ years old) and is registered under CIN U17100TZ2011PTC017115.
Saravan Tex has 3 current directors:
- Sengodan Masilamani - Managing Director
- Surendharan Karthikeyan Mangaimahalakshmi - Director
- Periyasamy Karunanithi Deepak - Director
The latest financial statements of Saravan Tex on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Saravan Tex is 33AAPCS8766B1Z1, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Saravan Tex is U17100TZ2011PTC017115. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saravan Tex was incorporated on 28 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Coimbatore.
Periyasamy Karunanithi Deepak was appointed as Director on 22 Jan 2021. Masilamani Karthikeyan ceased to be Director on 01 Feb 2019. Surendharan Karthikeyan Mangaimahalakshmi was appointed as Director on 01 Oct 2018. Saravan Tex has 7 board changes on record in total.
Saravan Tex can be reached through the website saravantex.com. Its registered office is in Erode, Tamil Nadu, India.
The registered office of Saravan Tex is at 388 Manickampalayam Veerappanchatram, Erode, Tamil Nadu, India – 638004.
Saravan Tex operates in the manufacturing industry, in the textile and fabric production segment.
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