Sitaba Tex-Spin Private Limited
About Sitaba Tex-Spin Private Limited
Data last updated:
Sitaba Tex-Spin Private Limited is a private limited company based in Vijapur, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 08 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17110GJ2006PTC047905. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Savankumar Shaileshbhai Patel and Shailesh Sitarambhai Patel.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Survey No. 3970 Opp.Shivv Cotton Industries Ladol Road At – Ladol, Vijapur, Gujarat, India – 382870.
As per the financials filed for FY 2020, the company reported a revenue of ₹3.67 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹99.93 Lakh (net margin -27.2%) and EBITDA of -₹76.47 Lakh (EBITDA margin -20.8%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 11% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sitaba Tex-Spin Private Limited's registered office is in Vijapur, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressSurvey No. 3970 Opp.Shivv Cotton Industries Ladol Road At – Ladol, Vijapur, Gujarat, India – 382870
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sitaba Tex-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
Business activity
The main business activity of Sitaba Tex-Spin 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 Sitaba Tex-Spin Private Limited, buy the company report.
Financials of Sitaba Tex-Spin Private Limited
FY 2020 filings availableSitaba Tex-Spin Private Limited reported revenue of ₹3.67 Cr (down 44% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 44% fall 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 | ₹3.67 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹76.47 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹99.93 Lakh | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.8% | ||||
| Net Profit Margin | -27.2% | ||||
| 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 Sitaba Tex-Spin Private Limited, buy the company report.
Board of directors of Sitaba Tex-Spin Private Limited
Sitaba Tex-Spin has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Savankumar Shaileshbhai Patel | Director | 30 Mar 2013 | 13 Years 7 Months | Current |
| Shailesh Sitarambhai Patel | Director | 08 Mar 2006 | 20 Years 8 Months | Current |
| Urmilaben Shaileshbhai Patel | Director | 30 Mar 2013 | 13 Years 7 Months | Current |
Peer comparison
Sitaba Tex-Spin Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nirubaa Sizing Mills Private Limited | ₹3.67 Cr (FY 2024) | 51.0% | Coimbatore, Tamil Nadu, India | |||
| Satvik Textiles Private Limited | ₹3.67 Cr (FY 2025) | 0.0% | Delhi, India | |||
| Sitaba Tex-Spin Private Limitedthis company | ₹3.67 Cr (FY 2020) | -₹99.93 Lakh | -27.2% | -44.0% | 5 | Vijapur, Gujarat, India |
| Laxmi Fabrication Private Limited | ₹3.67 Cr (FY 2025) | 24.0% | Navapur, Maharashtra, India | |||
| Marappar Textiles Private Limited | ₹3.67 Cr (FY 2022) | -60.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Sitaba Tex-Spin Private Limited, buy the company report.
Auditor
Sitaba Tex-Spin Private Limited is audited by A M N & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A M N & CO | FY 2020 | 127554W |
Shareholding
The shareholding of Sitaba Tex-Spin Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sitaba Tex-Spin Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jul 2006 | 10011503 | The Mehsana Urban Co-Operative Bank Limited | ₹3 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Sitaba Tex-Spin Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mahesana, Gujarat | Criminal complaint | Filed against the company by A.M.Soni, Govt. Labour Officer Bonus Payment Examiner | Disposed |
To see the full case history of Sitaba Tex-Spin 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 Sitaba Tex-Spin Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sitaba Tex-Spin Private Limited has a workforce of 5 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Sitaba Tex-Spin has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sitaba Tex-Spin Private Limited, buy the company report.
Recent activity
Sitaba Tex-Spin Private Limited has 6 board changes on record since 2006: 3 appointments and 3 cessations. The latest: Mukeshkumar Sitarambhai Patel ceased to be Director on 01 Jul 2013.
Frequently asked questions
Sitaba Tex-Spin is an active private limited company based in Vijapur, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 08 March 2006 (20+ years old) and is registered under CIN U17110GJ2006PTC047905.
Sitaba Tex-Spin has 3 current directors:
- Savankumar Shaileshbhai Patel - Director
- Shailesh Sitarambhai Patel - Director
- Urmilaben Shaileshbhai Patel - Director
The latest financial statements of Sitaba Tex-Spin on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Sitaba Tex-Spin has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Sitaba Tex-Spin is U17110GJ2006PTC047905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sitaba Tex-Spin has 1 court case on record: 1 filed against it.
Sitaba Tex-Spin was incorporated on 08 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sitaba Tex-Spin by revenue are Nirubaa Sizing Mills Private Limited, Satvik Textiles Private Limited, Laxmi Fabrication Private Limited, Marappar Textiles Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Mukeshkumar Sitarambhai Patel ceased to be Director on 01 Jul 2013. Savankumar Shaileshbhai Patel was appointed as Director on 30 Mar 2013. Urmilaben Shaileshbhai Patel was appointed as Director on 30 Mar 2013. Sitaba Tex-Spin has 6 board changes on record in total.
The registered office of Sitaba Tex-Spin is at Survey No. 3970 Opp.Shivv Cotton Industries Ladol Road At – Ladol, Vijapur, Gujarat, India – 382870.
Sitaba Tex-Spin operates in the manufacturing industry, in the textile and fabric production segment.
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