About Sarthak Creation Private Limited
Data last updated:
Sarthak Creation Private Limited was a private limited company based in Surat, Gujarat, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 07 July 2005.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17100GJ2005PTC046384. Its GSTIN is 24AAJCS1132R1Z3 (Gujarat).
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.97 Cr. It was led by directors Kameshwar Devsharan Singh and Subhas Kedarnath Tibrewal.
Its last annual general meeting (AGM) was held on 08 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Plot No. 35 Road No. 2 Surat Apparel Park SEZ Vill Vanz Sachi, N, Gujarat, India – 394230.
As per the financials filed for FY 2017, the company reported a revenue of ₹8.04 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹3.37 Cr and EBITDA of -₹98.1 Lakh.
As per MCA filings, the company had open charges of ₹66.17 Cr and satisfied charges of ₹5.5 Cr on record. Court records list 20 cases involving the company, including 9 filed by the company and 11 filed against it.
The last known website on record is sarthakcreation.com.
Company details
Contact details
Sarthak Creation Private Limited's registered office is in Surat, Gujarat. Its website is sarthakcreation.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 35 Road No. 2 Surat Apparel Park SEZ Vill Vanz Sachi, N, Gujarat, India – 394230
- IndustryFashion and Textile, Designer & Branded Fashion, Denim & Casual Wear
To see the full contact details of Sarthak Creation 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 Sarthak Creation 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 Sarthak Creation Private Limited, buy the company report.
Financials of Sarthak Creation Private Limited
FY 2017 filings availableSarthak Creation Private Limited reported revenue of ₹8.04 Lakh (down 91% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 91% in the latest year. EBITDA rose 66% 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 | |||
| Other Income | |||
| Total Revenue | ₹8.04 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹98.1 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹3.37 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| 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 Sarthak Creation Private Limited, buy the company report.
Board of directors of Sarthak Creation Private Limited
Sarthak Creation has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kameshwar Devsharan Singh | Director | 19 Mar 2015 | 11 Years 7 Months | As last reported |
| Subhas Kedarnath Tibrewal | Director | 07 Jul 2005 | 21 Years 3 Months | As last reported |
Auditor
Sarthak Creation Private Limited is audited by Pradeep Singhi & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pradeep Singhi & Associates | FY 2017 | 108029W |
Shareholding
The shareholding of Sarthak Creation Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sarthak Creation Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2008 | 10109158 | Bank of Baroda | ₹66.17 Cr | Open | |
| 14 Aug 2012 | 10371260 | Bank of Baroda | ₹3 Cr | Satisfied | |
| 23 Apr 2012 | 10351043 | Bank of Baroda | ₹2.5 Cr | Satisfied |
To see the full charge records of Sarthak Creation Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Sarthak Creation Private Limited has 20 court cases on record: 9 filed by Sarthak Creation, 11 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 8 | 0 |
| NCLT | 7 | 0 | 0 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by Shri Tormal Prints Pvt. Ltd. | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against an individual | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Craftmen Exports Pvt Ltd | Disposed |
To see the full case history of Sarthak Creation 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 Sarthak Creation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sarthak Creation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCS1132R1Z3 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sarthak Creation Private Limited, buy the company report.
Recent activity
Sarthak Creation Private Limited has 10 board changes on record since 2005: 2 appointments and 8 cessations. The latest: Kameshwar Devsharan Singh ceased to be Additional Director on 30 Sep 2015.
7 earlier events are in the company report.
Frequently asked questions
Sarthak Creation has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Sarthak Creation was a private limited company based in Surat, Gujarat, India. The company worked in designer and branded fashion, within the fashion and textile industry. It was incorporated on 07 July 2005 and is registered under CIN U17100GJ2005PTC046384. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Sarthak Creation was incorporated on 07 July 2005. It is registered with the Registrar of Companies, Ahmedabad.
Sarthak Creation had 2 directors:
- Kameshwar Devsharan Singh - Director
- Subhas Kedarnath Tibrewal - Director
The CIN (Corporate Identification Number) of Sarthak Creation is U17100GJ2005PTC046384. 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 Sarthak Creation is at Plot No. 35 Road No. 2 Surat Apparel Park SEZ Vill Vanz Sachi, N, Gujarat, India – 394230.
Sarthak Creation can be reached through the website sarthakcreation.com. Its registered office is in Surat, Gujarat, India.
The latest financial statements of Sarthak Creation on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 08 August 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Sarthak Creation is 24AAJCS1132R1Z3, registered in Gujarat.
Sarthak Creation operated in the fashion and textile industry, in the designer and branded fashion segment.