About Sri Paranthaman Textiles Private Limited
Data last updated:
Sri Paranthaman Textiles Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 05 October 2000.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U18101TN2000PTC045864. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2.32 Cr and a paid-up capital of ₹2.31 Cr. It was formerly known as Sri Paranthaman Textiles Limited. It is led by directors including Prema Paranthaman (Managing Director) and Vinod Paranthaman (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Old No:85 New No:91 Manoharan Street South West Boag Road T.Nagar, Chennai, Tamil Nadu, India – 600017.
As per the financials filed for FY 2018, the company reported a revenue of ₹5.73 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.17 Lakh (net margin 0.2%) and EBITDA of ₹83.36 Lakh (EBITDA margin 14.6%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.
The company has about 78 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.29 Cr and satisfied charges of ₹1 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 1 case is pending.
The last known website on record is paranthaman.com.
Company details
CIN history
Sri Paranthaman Textiles has one previous CIN (Corporate Identification Number): U18101TN2000PLC045864. The current CIN is U18101TN2000PTC045864, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U18101TN2000PTC045864 | Current |
| U18101TN2000PLC045864 | Previous |
Contact details
Sri Paranthaman Textiles Private Limited's registered office is in Chennai, Tamil Nadu. Its website is paranthaman.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOld No:85 New No:91 Manoharan Street South West Boag Road T.Nagar, Chennai, Tamil Nadu, India – 600017
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sri Paranthaman Textiles 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 Sri Paranthaman Textiles 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 Sri Paranthaman Textiles Private Limited, buy the company report.
Financials of Sri Paranthaman Textiles Private Limited
FY 2018 filings availableSri Paranthaman Textiles Private Limited reported revenue of ₹5.73 Cr (down 7% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over three years, including a 7% fall in the latest year. EBITDA rose 22% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹5.73 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹83.36 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.17 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 14.6% | |||
| Net Profit Margin | 0.2% | |||
| 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 Sri Paranthaman Textiles Private Limited, buy the company report.
Board of directors of Sri Paranthaman Textiles Private Limited
Sri Paranthaman Textiles has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramod Paranthaman | Director | 01 Jun 2010 | 16 Years 4 Months | As last reported |
| Vinod Paranthaman | Whole-Time Director | 16 Dec 2001 | 24 Years 10 Months | As last reported |
| Prema Paranthaman | Managing Director | 05 Oct 2000 | 26 Years 0 Months | As last reported |
| Anand Paranthaman Also directs: Sri Lakshmi Saraswathi Holdings Limited, Prathiksha Green Fuels Limited, Sri Lakshmi Saraswathi Impeex (India) Limited and 1 more | Whole-Time Director | 05 Oct 2000 | 26 Years 0 Months | As last reported |
Peer comparison
Sri Paranthaman Textiles Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Shree Tirupati Hosiery Private Limited | ₹5.73 Cr (FY 2025) | 5.0% | Howrah, West Bengal, India | |||
| Yashika Textiles Overseas Private Limited | ₹5.73 Cr (FY 2025) | 33.0% | New Delhi, Delhi, India | |||
| Burhanpur Processing Mills Private Limited | ₹5.73 Cr (FY 2025) | 825.0% | Burhanpur, Madhya Pradesh, India | |||
| Sri Paranthaman Textiles Private Limitedthis company | ₹5.73 Cr (FY 2018) | ₹1.17 Lakh | 0.2% | -7.0% | 78 | Chennai, Tamil Nadu, India |
| Manish Impex Private Limited | ₹5.72 Cr (FY 2024) | -16.0% | Mumbai, Maharashtra, India | |||
| Matching Pants Private Limited | ₹5.71 Cr (FY 2025) | 3.0% | Delhi, India |
To see the full peer comparison of Sri Paranthaman Textiles Private Limited, buy the company report.
Auditor
Sri Paranthaman Textiles Private Limited is audited by A.VENKATESAN AND ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.VENKATESAN AND ASSOCIATES | FY 2018 | 008255S |
Shareholding
The shareholding of Sri Paranthaman Textiles Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sri Paranthaman Textiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2015 | 10606661 | The Karur Vysya Bank Limited | ₹28.5 Lakh | Open | |
| 16 Sep 2014 | 10524722 | Others | ₹5 Cr | Open | |
| 16 May 2007 | 10052812 | The South Indian Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Sri Paranthaman Textiles Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Sri Paranthaman Textiles Private Limited has 13 court cases on record: 9 filed by Sri Paranthaman Textiles, 4 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 5 | 0 | 1 |
| High courts | 4 | 0 | 0 |
| NCLT | 3 | 3 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Insolvency matter | Filed by the company against Ramraghav Spintex Pvt Ltd | Disposed |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against Ramraghav Spintex Pvt Ltd | Disposed |
| NCLT, Chennai | Insolvency matter | Filed against the company by Ramraghav Spintex Pvt Ltd | Disposed |
| NCLT, Chennai | Court case (Rst.A(IBC)) | Filed against the company by Ramraghav Spintex Pvt Ltd | Disposed |
| NCLT, Chennai | Insolvency matter | Filed against the company by Ramraghav Spintex Pvt Ltd | Disposed |
To see the full case history of Sri Paranthaman Textiles 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.
Credit ratings & regulatory alerts
Sri Paranthaman Textiles Private Limited was last rated by Crisil on 18 Oct 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Oct 2019 |
To see the full credit ratings and regulatory alerts of Sri Paranthaman Textiles Private Limited, buy the company report.
MSME payment delays
Sri Paranthaman Textiles Private Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 31 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shree Balaram Enterprises Coimbatore | |||
| an individual supplier | |||
| Kohinoor Polypack Pondicherry | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Sri Paranthaman Textiles Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sri Paranthaman Textiles Private Limited has a workforce of 78 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Sri Paranthaman Textiles 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 Sri Paranthaman Textiles Private Limited, buy the company report.
Recent activity
Sri Paranthaman Textiles Private Limited has 7 board changes on record since 2000: 4 appointments and 3 cessations. The latest: Prema Paranthaman ceased to be Whole-Time Director on 12 Jun 2014.
3 earlier events are in the company report.
Frequently asked questions
Sri Paranthaman Textiles is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Sri Paranthaman Textiles is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 05 October 2000 and is registered under CIN U18101TN2000PTC045864. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sri Paranthaman Textiles has 4 current directors:
- Prema Paranthaman - Managing Director
- Vinod Paranthaman - Whole-Time Director
- Anand Paranthaman - Whole-Time Director
- Pramod Paranthaman - Director
The latest financial statements of Sri Paranthaman Textiles on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sri Paranthaman Textiles is U18101TN2000PTC045864. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sri Paranthaman Textiles has open charges of ₹5.29 Cr and satisfied charges of ₹1 Cr as per latest MCA filings.
Sri Paranthaman Textiles has 13 court cases on record: 9 filed by the company and 4 filed against it. 1 is pending. Most are in the nclat.
Sri Paranthaman Textiles was incorporated on 05 October 2000. It is registered with the Registrar of Companies, Chennai.
The peers of Sri Paranthaman Textiles by revenue are Shree Tirupati Hosiery Private Limited, Yashika Textiles Overseas Private Limited, Burhanpur Processing Mills Private Limited, Manish Impex Private Limited, Matching Pants Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Prema Paranthaman ceased to be Whole-Time Director on 12 Jun 2014. Rajagopal Paranthaman ceased to be Managing Director on 30 May 2014. Pramod Paranthaman ceased to be Additional Director on 30 Sep 2010. Sri Paranthaman Textiles has 7 board changes on record in total.
Sri Paranthaman Textiles has 2 MSME Form 1 returns on record between 2018 and 2019, listing 31 overdue payments to 6 micro and small suppliers. The latest return was filed on 30 May 2019.
Sri Paranthaman Textiles can be reached through the website paranthaman.com. Its registered office is in Chennai, Tamil Nadu, India.