About Shine Cot-Spin Private Limited
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Shine Cot-Spin Private Limited is a private limited company based in Halvad, Gujarat, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 11 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2015PTC084477. Its GSTIN is 24AAWCS1858D1Z2 (Gujarat).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹22.7 Cr. It is led by directors including Yash Nitinbhai Patel and Anilbhai Talashibhai Parejiya.
Its last annual general meeting (AGM) was held on 30 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No. 1568P1 & 1568P2 Halvad – Maliya Highway Opp. Aastha Spintex Dist. Morbi., Gujarat, India – 363330.
As per the financials filed for FY 2023, the company reported a revenue of ₹111.33 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹1.05 Cr (net margin 0.9%) and EBITDA of ₹9.61 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 4% over five years.
The company has about 123 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹54.45 Cr on record. The company has 10 deals on record (9 secondary share transfers, 1 rights issue); the latest was in February 2021. The company has 2 MSME Form 1 returns on record between 2018 and 2019, listing 10 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shinecotspin.com.
Company details
Contact details
Shine Cot-Spin Private Limited's registered office is in Halvad, Gujarat. Its website is shinecotspin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 1568P1 & 1568P2 Halvad – Maliya Highway Opp. Aastha Spintex Dist. Morbi., Gujarat, India – 363330
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of Shine Cot-Spin 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 Shine Cot-Spin Private Limited
FY 2025 filings availableShine Cot-Spin Private Limited reported revenue of ₹111.33 Cr (down 26% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 31% 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 | ₹111.33 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.61 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.05 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Shine Cot-Spin Private Limited, buy the company report.
Board of directors of Shine Cot-Spin Private Limited
Shine Cot-Spin has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Nitinbhai Patel | Director | 13 Apr 2018 | 8 Years 6 Months | Current |
| Anilbhai Talashibhai Parejiya Also directs: Synnex Cotspin Private Limited, Uma Bio Energy LLP | Director | 01 Jul 2021 | 5 Years 4 Months | Current |
| Jayeshbhai Kanjibhai Patel Also directs: Silken Laminate LLP, Synnex Cotspin Private Limited | Director | 11 Sep 2015 | 11 Years 1 Months | Current |
| Ketankumar Dhirajlal Patel Also directs: Synnex Cotspin Private Limited | Director | 09 Oct 2015 | 11 Years 0 Months | Current |
Auditor
Shine Cot-Spin Private Limited is audited by K. S. Parekh & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. S. Parekh & Co. | FY 2023 | 137323W |
Shareholding
The shareholding of Shine Cot-Spin Private 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 Shine Cot-Spin Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2016 | 100040766 | State Bank of India | ₹54.45 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Shine Cot-Spin Private Limited has 10 deals on record (9 secondary share transfers, 1 rights issue); the latest was in February 2021.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
To see the full deal history of Shine Cot-Spin Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Shine Cot-Spin 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
Shine Cot-Spin Private Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 10 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jatan Industries | |||
| an individual supplier | |||
| Evergreen Polypacks | |||
| GPS Strap Industries | |||
| an individual supplier |
To see the full MSME payment records of Shine Cot-Spin Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Shine Cot-Spin Private Limited has a workforce of 123 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Shine Cot-Spin has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAWCS1858D1Z2 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shine Cot-Spin Private Limited, buy the company report.
Recent activity
Shine Cot-Spin Private Limited has 11 board changes on record since 2015: 4 appointments and 7 cessations. The latest: Anilbhai Talashibhai Parejiya was appointed as Director on 01 Jul 2021.
3 earlier events are in the company report.
Frequently asked questions
Shine Cot-Spin is an active private limited company based in Halvad, Gujarat, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 11 September 2015 (11+ years old) and is registered under CIN U17120GJ2015PTC084477.
Shine Cot-Spin has 4 current directors:
- Yash Nitinbhai Patel - Director
- Anilbhai Talashibhai Parejiya - Director
- Jayeshbhai Kanjibhai Patel - Director
- Ketankumar Dhirajlal Patel - Director
The latest financial statements of Shine Cot-Spin on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 August 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Shine Cot-Spin is 24AAWCS1858D1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Shine Cot-Spin is U17120GJ2015PTC084477. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shine Cot-Spin was incorporated on 11 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shine Cot-Spin has 10 deals on record (9 secondary share transfers, 1 rights issue); the latest was in February 2021.
Anilbhai Talashibhai Parejiya was appointed as Director on 01 Jul 2021. Chetankumar Ratilal Patel ceased to be Director on 08 Oct 2020. Chaitali Ghanshyam Suraiya ceased to be Company Secretary on 01 Apr 2019. Shine Cot-Spin has 11 board changes on record in total.
Shine Cot-Spin has 2 MSME Form 1 returns on record between 2018 and 2019, listing 10 overdue payments to 7 micro and small suppliers. The latest return was filed on 15 May 2019.
Shine Cot-Spin can be reached through the website shinecotspin.com. Its registered office is in Halvad, Gujarat, India.
The registered office of Shine Cot-Spin is at Survey No. 1568P1 & 1568P2 Halvad – Maliya Highway Opp. Aastha Spintex Dist. Morbi., Gujarat, India – 363330.
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