Sleek Textiles Industries Limited
About Sleek Textiles Industries Limited
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Sleek Textiles Industries Limited is a public limited company based in Madurai, Tamil Nadu, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 04 July 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U17111TN1989PLC017637.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.02 Cr. It was formerly known as Sleek Textiles and Industries Private Limited and Sleek Textiles Industries Private Limited. It is led by directors including Sreenivasaga Reddiar Duraisamy (Managing Director) and Duraisamy Bharat Babu.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No. 1 – A Old Natham Road Opp. Balamandiram School, Madurai, Tamil Nadu, India – 625014.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.71 Lakh, a growth of 63% compared to the previous year. For the same year it recorded a net loss of ₹68,295 (net margin -39.9%) and EBITDA of -₹68,295 (EBITDA margin -39.9%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹1.21 Cr and satisfied charges of ₹2.5 Cr on record. Court records list 9 cases involving the company, including 1 filed by the company and 8 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Sleek Textiles Industries has undergone 2 name changes throughout its history. The company was previously known as Sleek Textiles And Industries Private Limited, and Sleek Textiles Industries Private Limited. The current legal name is Sleek Textiles Industries Limited.
| Company Name | Status |
|---|---|
| Sleek Textiles Industries Limited | Current |
| Sleek Textiles And Industries Private Limited | Previous |
| Sleek Textiles Industries Private Limited | Previous |
Contact details
Sleek Textiles Industries Limited's registered office is in Madurai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 1 – A Old Natham Road Opp. Balamandiram School, Madurai, Tamil Nadu, India – 625014
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Sleek Textiles Industries 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 Sleek Textiles Industries Limited
FY 2020 filings availableSleek Textiles Industries Limited reported revenue of ₹1.71 Lakh (up 63% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 63% growth in the latest year. EBITDA fell 596% 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 | ₹1.71 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹68,295 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹68,295 | ||||
| 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 | -39.9% | ||||
| Net Profit Margin | -39.9% | ||||
| 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 Sleek Textiles Industries Limited, buy the company report.
Board of directors of Sleek Textiles Industries Limited
Sleek Textiles Industries has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Duraisamy Bharat Babu | Director | 04 Jul 1999 | 27 Years 4 Months | Current |
| Duraisamy Srinivasababu | Director | 30 Sep 2006 | 20 Years 1 Months | Current |
| Sreenivasaga Reddiar Duraisamy | Managing Director | 04 Jul 1989 | 37 Years 4 Months | Current |
Peer comparison
Sleek Textiles Industries Limited is compared with the 10 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution, Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Udghatan Reseller Services Private Limited | ₹1.72 Lakh (FY 2023) | -96.0% | Surat, Gujarat, India | |||
| Sabina Impex Private Limited | ₹1.71 Lakh (FY 2019) | Ludhiana, Punjab, India | ||||
| Bhawna Synthetics Private Limited | ₹1.71 Lakh (FY 2024) | 17.0% | Chandigarh, India | |||
| Flag Synthetics Limited | ₹1.71 Lakh (FY 2022) | 6.0% | Indore, Madhya Pradesh, India | |||
| Sleek Textiles Industries Limitedthis company | ₹1.71 Lakh (FY 2020) | -₹68,295 | -39.9% | 63.0% | Madurai, Tamil Nadu, India | |
| Styleman Textiles Private Limited | ₹1.71 Lakh (FY 2021) | -82.0% | Tamil Nadu, India | |||
| Maukka Exports Private Limited | ₹1.71 Lakh (FY 2022) | 1894.0% | New Delhi, Delhi, India | |||
| Yash Tradex Overseas Private Limited | ₹1.71 Lakh (FY 2023) | -87.0% | Delhi, India | |||
| M R Interlink Private Limited | ₹1.71 Lakh (FY 2025) | -95.0% | Kolkata, West Bengal, India | |||
| Sarweshwar Polymer Pvt Ltd | ₹1.7 Lakh (FY 2025) | 202.0% | Mumbai, Maharashtra, India | |||
| Divya Textile Mills Private Limited | ₹1.7 Lakh (FY 2024) | 3.0% | Bhiwandi, Maharashtra, India |
To see the full peer comparison of Sleek Textiles Industries Limited, buy the company report.
Auditor
Sleek Textiles Industries Limited is audited by N SUDAKARAN & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N SUDAKARAN & CO | FY 2019 | 004174S |
Shareholding
The shareholding of Sleek Textiles Industries Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sleek Textiles Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Aug 1998 | 90298595 | The Tamilnadu Industrial Investment Corporation Limited | ₹50 Lakh | Open | |
| 04 Feb 1994 | 90298535 | The Tamilnadu Industrial Investment Corporn. Limited | ₹56.89 Lakh | Open | |
| 11 Jun 1993 | 90303274 | The Tamilnadu Industrial Investment Corpn. Limited | ₹14.27 Lakh | Open | |
| 21 Feb 1998 | 90300777 | Indian Overseas Bank | ₹2.5 Cr | Satisfied |
To see the full charge records of Sleek Textiles Industries Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Sleek Textiles Industries Limited has 9 court cases on record: 1 filed by Sleek Textiles Industries, 8 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 7 | 1 |
| District courts | 1 | 0 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Chennai | Interim or miscellaneous application | Filed against the company by Tamilnadu Industrial Investment Corporation Limited | Pending |
| Madras High Court | Writ petition | Filed against the company by Tamilnadu Industrial Investment Corporation Limited | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed against the company | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company | Disposed |
| District court, Mahabubnagar, Telangana | Execution petition | Filed by the company against Suvarna Apparels and Fashin Exports Ltd., | Disposed |
To see the full case history of Sleek Textiles Industries 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 Sleek Textiles Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Sleek Textiles Industries Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sleek Textiles Industries Limited has 3 board changes on record since 1989: 3 appointments. The latest: Duraisamy Srinivasababu was appointed as Director on 30 Sep 2006.
Frequently asked questions
Sleek Textiles Industries is an active public limited company based in Madurai, Tamil Nadu, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 04 July 1989 (37+ years old) and is registered under CIN U17111TN1989PLC017637.
Sleek Textiles Industries has 3 current directors:
- Sreenivasaga Reddiar Duraisamy - Managing Director
- Duraisamy Bharat Babu - Director
- Duraisamy Srinivasababu - Director
The latest financial statements of Sleek Textiles Industries on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sleek Textiles Industries is U17111TN1989PLC017637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sleek Textiles Industries has 9 court cases on record: 1 filed by the company and 8 filed against it. 2 are pending. Most are in the high courts.
Sleek Textiles Industries was incorporated on 04 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Sleek Textiles Industries by revenue are Udghatan Reseller Services Private Limited, Sabina Impex Private Limited, Bhawna Synthetics Private Limited, Flag Synthetics Limited, Styleman Textiles Private Limited and 5 more, all in the Consumer Products industry (Textile Retail and Distribution, Textiles).
Duraisamy Srinivasababu was appointed as Director on 30 Sep 2006. Duraisamy Bharat Babu was appointed as Director on 04 Jul 1999. Sreenivasaga Reddiar Duraisamy was appointed as Managing Director on 04 Jul 1989.
The registered office of Sleek Textiles Industries is at No. 1 – A Old Natham Road Opp. Balamandiram School, Madurai, Tamil Nadu, India – 625014.
Sleek Textiles Industries operates in the home and lifestyle industry, in the textile retail and distribution segment.
Sleek Textiles Industries has open charges of ₹1.21 Cr and satisfied charges of ₹2.5 Cr as per latest MCA filings.
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