Spruce Cloth Private Limited
About Spruce Cloth Private Limited
Data last updated:
Spruce Cloth Private Limited is a private limited company based in Sonipat, Haryana, India. It operates in the garments segment of the textiles sector. It was incorporated on 14 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U18101HR2017PTC070775. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Maharshi Mehta Samir and Karan Samir Mehta.
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 E – 45 First Floor Express City Kundli, Sonipat, Haryana, India – 131001.
As per the financials filed for FY 2020, the company reported a revenue of ₹85.35 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹21,365 (net margin -0.3%) and EBITDA of -₹21,365 (EBITDA margin -0.3%).
Court records list 3 cases involving the company, including 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Spruce Cloth Private Limited's registered office is in Sonipat, Haryana. Its e-mail address is in the company report.
- Email
- Registered AddressE – 45 First Floor Express City Kundli, Sonipat, Haryana, India – 131001
- IndustryTextile, Garments, Manufacturing, Apparel
To see the full contact details of Spruce Cloth 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 Spruce Cloth is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Spruce Cloth Private Limited, buy the company report.
Financials of Spruce Cloth Private Limited
FY 2020 filings availableSpruce Cloth Private Limited reported revenue of ₹85.35 Lakh (up 12643% YoY) for FY 2020.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹85.35 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹21,365 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹21,365 | ||
| 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -0.3% | ||
| Net Profit Margin | -0.3% | ||
| 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 Spruce Cloth Private Limited, buy the company report.
Board of directors of Spruce Cloth Private Limited
Spruce Cloth 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 |
|---|---|---|---|---|
| Maharshi Mehta Samir | Director | 14 Sep 2017 | 9 Years 1 Months | Current |
| Karan Samir Mehta | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Anish Gupta | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Spruce Cloth Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Astotram Biosciences Private Limited | ₹85.39 Lakh (FY 2025) | 370.0% | Noida, Uttar Pradesh, India | |||
| DK E-Commerce (OPC) Private Limited | ₹85.39 Lakh (FY 2024) | 240.0% | Sri Ganganagar, Rajasthan, India | |||
| Briteview Steels Private Limited | ₹85.38 Lakh (FY 2025) | 1476.0% | Ahmedabad, Gujarat, India | |||
| Universaluno Power Solutions Private Limited | ₹85.37 Lakh (FY 2020) | -28.0% | Patna, Bihar, India | |||
| Prominence Pinnacle Private Limited | ₹85.37 Lakh (FY 2024) | 2518.0% | Gurgaon, Haryana, India | |||
| Spruce Cloth Private Limitedthis company | ₹85.35 Lakh (FY 2020) | -₹21,365 | -0.3% | 12643.0% | Sonipat, Haryana, India | |
| Me Impex Agro Marine Private Limited | ₹85.35 Lakh (FY 2024) | 33.0% | Mumbai, Maharashtra, India | |||
| Mikromart E-Commerce Private Limited | ₹85.34 Lakh (FY 2022) | 217.0% | Ernakulam, Kerala, India | |||
| Frameworkz Projects and Management Services Private Limited | ₹85.34 Lakh (FY 2019) | -17.0% | Mumbai, Maharashtra, India | |||
| Jetcord India Private Limited | ₹85.31 Lakh (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Nirva Complete Sport Solutions Private Limited | ₹85.31 Lakh (FY 2023) | 14829.0% | Thrissur, Kerala, India |
To see the full peer comparison of Spruce Cloth Private Limited, buy the company report.
Legal cases
Spruce Cloth 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 | 2 | 2 | 2 |
| High courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by M/S Ettro Through Mr Milin Yatin Gandhi | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by M/S Ettro | Pending |
To see the full case history of Spruce Cloth 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 Spruce Cloth Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spruce Cloth 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 Spruce Cloth Private Limited, buy the company report.
Recent activity
Spruce Cloth Private Limited has 5 board changes on record since 2017: 3 appointments and 2 cessations. The latest: Anish Gupta ceased to be Director on 30 Sep 2020.
Frequently asked questions
Spruce Cloth is an active private limited company based in Sonipat, Haryana, India. The company works in garments, within the textile industry. It was incorporated on 14 September 2017 (9+ years old) and is registered under CIN U18101HR2017PTC070775.
Spruce Cloth has 3 current directors:
- Maharshi Mehta Samir - Director
- Karan Samir Mehta - Director
- Anish Gupta - Director
The latest financial statements of Spruce Cloth 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 FY 2018 are in the company report.
No. Spruce Cloth has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Spruce Cloth is U18101HR2017PTC070775. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spruce Cloth has 3 court cases on record: 3 filed against it. 3 are pending. Most are in the district courts.
Spruce Cloth was incorporated on 14 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of Spruce Cloth by revenue are Astotram Biosciences Private Limited, DK E-Commerce (OPC) Private Limited, Briteview Steels Private Limited, Universaluno Power Solutions Private Limited, Prominence Pinnacle Private Limited and 5 more, all in the same principal business activity (retail trading).
Anish Gupta ceased to be Director on 30 Sep 2020. Abhinav Bisht ceased to be Director on 01 Apr 2019. Anish Gupta was appointed as Director on 01 Apr 2019. Spruce Cloth has 5 board changes on record in total.
The registered office of Spruce Cloth is at E – 45 First Floor Express City Kundli, Sonipat, Haryana, India – 131001.
Spruce Cloth operates in the textile industry, in the garments segment.