Sourceasy Manufacturing Services India Private Limited
About Sourceasy Manufacturing Services India Private Limited
Data last updated:
Sourceasy Manufacturing Services India Private Limited was a foreign private limited company based in Hyderabad, Telangana, India, operated as a subsidiary of Sourceasy Inc. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the textile segment of the apparel and fashion sector. It was incorporated on 28 May 2015.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U18204TG2015FTC099115. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹6 Lakh and a paid-up capital of ₹5.05 Lakh. It was led by directors Chirag Chamoli and Pranay Narayan Srinivasan.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at B2 Sri Krishna Apartments Beside Radisson Blu Road No.6 Banjarahills, Hyderabad, Telangana, India – 500034.
As per the financials filed for FY 2016, the company reported a revenue of ₹1.61 Cr. For the same year it recorded a net loss of ₹1.89 Lakh (net margin -1.2%) and EBITDA of ₹62,684 (EBITDA margin 0.4%).
Court records list 3 cases involving the company, including 3 filed against it; 3 cases are pending.
Company details
Contact details
Sourceasy Manufacturing Services India Private Limited's registered office is in Hyderabad, Telangana.
- Registered AddressB2 Sri Krishna Apartments Beside Radisson Blu Road No.6 Banjarahills, Hyderabad, Telangana, India – 500034
- IndustryAppreal & Fashion, Textile, Apparel, Leather
- 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 Sourceasy Manufacturing Services India 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 Sourceasy Manufacturing Services India Private Limited, buy the company report.
Financials of Sourceasy Manufacturing Services India Private Limited
FY 2016 filings availableSourceasy Manufacturing Services India Private Limited reported revenue of ₹1.61 Cr for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹62,684 |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹1.89 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 2015-16 |
|---|---|
| Profitability | |
| EBITDA Margin | 0.4% |
| Net Profit Margin | -1.2% |
| 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 Sourceasy Manufacturing Services India Private Limited, buy the company report.
Board of directors of Sourceasy Manufacturing Services India Private Limited
Sourceasy Manufacturing Services India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Chamoli | Director | 28 May 2015 | 11 Years 5 Months | As last reported |
| Pranay Narayan Srinivasan | Director | 28 May 2015 | 11 Years 5 Months | As last reported |
Peer comparison
Sourceasy Manufacturing Services India Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Kelasa Tex Private Limited | ₹1.62 Cr (FY 2025) | -29.0% | Surat, Gujarat, India | |||
| Jalaram Eco Fabric Private Limited | ₹1.62 Cr (FY 2024) | 58.0% | Sabaekantha, Gujarat, India | |||
| Veera Tanneries Private Limited | ₹1.62 Cr (FY 2025) | -22.0% | Mumbai, Maharashtra, India | |||
| Esembs Silk Mills Private Limited | ₹1.62 Cr (FY 2025) | -13.0% | Surat, Gujarat, India | |||
| Organic Box Impex Private Limited | ₹1.61 Cr (FY 2025) | -43.0% | Kolkata, West Bengal, India | |||
| Sourceasy Manufacturing Services India Private Limitedthis company | ₹1.61 Cr (FY 2016) | -₹1.89 Lakh | -1.2% | Hyderabad, Telangana, India | ||
| Paradise Enterprises Pvt Ltd | ₹1.61 Cr (FY 2025) | -8.0% | Assam, India | |||
| Manmohan Karigari Private Limited | ₹1.61 Cr (FY 2024) | 666.0% | Chittaurgarh, Rajasthan, India | |||
| Amogh Exports Private Limited | ₹1.61 Cr (FY 2025) | -21.0% | Bangalore, Karnataka, India | |||
| Radha Fabtax Private Limited | ₹1.61 Cr (FY 2025) | -12.0% | New Delhi, Delhi, India | |||
| Ajeet Cotex Private Limited | ₹1.61 Cr (FY 2017) | -95.0% | Atkot, Gujarat, India |
To see the full peer comparison of Sourceasy Manufacturing Services India Private Limited, buy the company report.
Legal cases
Sourceasy Manufacturing Services India Private Limited has 3 court cases on record: 3 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 3 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Criminal case | Filed against the company by Continental Carriers P.Ltd. | Pending |
| District court, South West, Delhi | Criminal case | Filed against the company by Continental Carrier P.Ltd. | Pending |
To see the full case history of Sourceasy Manufacturing Services India 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 Sourceasy Manufacturing Services India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sourceasy Manufacturing Services India has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sourceasy Manufacturing Services India Private Limited, buy the company report.
Recent activity
Sourceasy Manufacturing Services India Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Chirag Chamoli ceased to be Director on 09 Jan 2018.
Frequently asked questions
Sourceasy Manufacturing Services India has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Sourceasy Manufacturing Services India was a foreign private limited company based in Hyderabad, Telangana, India. The company worked in textile, within the apparel and fashion industry. It was incorporated on 28 May 2015 and is registered under CIN U18204TG2015FTC099115. The company has been struck off by the Registrar of Companies and is no longer operational.
Sourceasy Manufacturing Services India had 2 directors:
- Chirag Chamoli - Director
- Pranay Narayan Srinivasan - Director
The CIN (Corporate Identification Number) of Sourceasy Manufacturing Services India is U18204TG2015FTC099115. 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 Sourceasy Manufacturing Services India is at B2 Sri Krishna Apartments Beside Radisson Blu Road No.6 Banjarahills, Hyderabad, Telangana, India – 500034.
Sourceasy Manufacturing Services India was incorporated on 28 May 2015. It is registered with the Registrar of Companies, Hyderabad.
The latest financial statements of Sourceasy Manufacturing Services India on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from FY 2016 are in the company report.
No. Sourceasy Manufacturing Services India has 2 GST registrations on record and all of them are cancelled or inactive.
Sourceasy Manufacturing Services India operated in the apparel and fashion industry, in the textile segment. It worked in this industry before it was struck off.
The peers of Sourceasy Manufacturing Services India by revenue are Kelasa Tex Private Limited, Jalaram Eco Fabric Private Limited, Veera Tanneries Private Limited, Esembs Silk Mills Private Limited, Organic Box Impex Private Limited and 5 more, all in the same principal business activity (textile, leather and other apparel products).
Sourceasy Manufacturing Services India has 3 court cases on record: 3 filed against it. 3 are pending.
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