Shree Saffron Fabrics Private Limited
About Shree Saffron Fabrics Private Limited
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Shree Saffron Fabrics Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 07 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH1995PTC089258. Its GSTIN is 27AAACS8072K1ZZ (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20.19 Lakh. It is led by directors including Vikram Nagraj Jain and Vijay Nagraj Jain.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 174 – C Cavel Cross Lane No 7 Behind Swadeshi Market Ist Floor, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2023, the company reported a revenue of ₹8.49 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net profit of ₹41,764 (net margin 4.9%) and EBITDA of ₹8.39 Lakh (EBITDA margin 98.8%). Revenue has declined at a compounded annual rate (CAGR) of 80% over three years and 62% over five years.
As per MCA filings, the company has open charges of ₹7.5 Lakh and satisfied charges of ₹3.1 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shree Saffron Fabrics Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address174 – C Cavel Cross Lane No 7 Behind Swadeshi Market Ist Floor, Mumbai, Maharashtra, India – 400002
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Shree Saffron Fabrics 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 Shree Saffron Fabrics 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 Shree Saffron Fabrics Private Limited, buy the company report.
Financials of Shree Saffron Fabrics Private Limited
FY 2024 filings availableShree Saffron Fabrics Private Limited reported revenue of ₹8.49 Lakh (down 98% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 62% over five years, including a 98% fall in the latest year. EBITDA fell 77% 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 |
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| EBITDA | ₹8.39 Lakh | ||||
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| Net Profit (PAT) | ₹41,764 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 98.8% | ||||
| Net Profit Margin | 4.9% | ||||
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To see the full financial statements and ratios of Shree Saffron Fabrics Private Limited, buy the company report.
Board of directors of Shree Saffron Fabrics Private Limited
Shree Saffron Fabrics has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Nagraj Jain | Director | 05 Dec 1996 | 29 Years 10 Months | Current |
| Vijay Nagraj Jain | Director | 01 Apr 1999 | 27 Years 7 Months | Current |
| Harsh Suresh Punamiya Also directs: Silver Root Apparels LLP | Director | 31 Oct 2018 | 8 Years 0 Months | Current |
Auditor
Shree Saffron Fabrics Private Limited is audited by PULKIT BAFNA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PULKIT BAFNA & ASSOCIATES | FY 2021 | 128758W |
Shareholding
The shareholding of Shree Saffron Fabrics Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shree Saffron Fabrics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Dec 1996 | 90156477 | Rupee Co-Op. Bank Ltd. | ₹7.5 Lakh | Open | |
| 01 Nov 2017 | 100147821 | Hdfc Bank Limited | ₹60 Lakh | Satisfied | |
| 13 Oct 2017 | 100146671 | Hdfc Bank Limited | ₹60 Lakh | Satisfied | |
| 10 Oct 2005 | 80059099 | Bank of Baroda | ₹95 Lakh | Satisfied | |
| 10 Oct 2005 | 80059100 | Bank of Baroda | ₹95 Lakh | Satisfied |
To see the full charge records of Shree Saffron Fabrics Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Shree Saffron Fabrics Private Limited has 7 court cases on record: 5 filed by Shree Saffron Fabrics, 2 filed against it. 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 2 | 3 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Riya Synthetics Pvt Ltd and 4 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against M/S Riya Synthetics Pvt Ltd and 4 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Riya Synthetics Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Chandra Trading Co | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by individuals | Disposed |
To see the full case history of Shree Saffron Fabrics 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 Shree Saffron Fabrics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shree Saffron Fabrics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS8072K1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shree Saffron Fabrics Private Limited, buy the company report.
Recent activity
Shree Saffron Fabrics Private Limited has 5 board changes on record since 1996: 3 appointments and 2 cessations. The latest: Harsh Suresh Punamiya ceased to be Additional Director on 30 Sep 2019.
8 earlier events are in the company report.
Frequently asked questions
Shree Saffron Fabrics is an active private limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 07 June 1995 (31+ years old) and is registered under CIN U17120MH1995PTC089258.
Shree Saffron Fabrics has 3 current directors:
- Vikram Nagraj Jain - Director
- Vijay Nagraj Jain - Director
- Harsh Suresh Punamiya - Director
The latest financial statements of Shree Saffron Fabrics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Shree Saffron Fabrics is 27AAACS8072K1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shree Saffron Fabrics is U17120MH1995PTC089258. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shree Saffron Fabrics has 7 court cases on record: 5 filed by the company and 2 filed against it. 3 are pending.
Shree Saffron Fabrics was incorporated on 07 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Harsh Suresh Punamiya ceased to be Additional Director on 30 Sep 2019. Roshanlal Chouthmal Jain ceased to be Director on 10 Dec 2018. Harsh Suresh Punamiya was appointed as Director on 31 Oct 2018. Shree Saffron Fabrics has 5 board changes on record in total.
The registered office of Shree Saffron Fabrics is at 174 – C Cavel Cross Lane No 7 Behind Swadeshi Market Ist Floor, Mumbai, Maharashtra, India – 400002.
Shree Saffron Fabrics operates in the home and lifestyle industry, in the textile retail and distribution segment.
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