About Subh Tex (India) Limited
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Subh Tex (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the footwear retail and distribution segment of the consumer goods sector. It was incorporated on 16 November 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1987PLC045305. The company has 3 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹11 Cr. It is led by directors including Vinay Balkishan Poddar (Managing Director) and Vinod Jagmohan Bansal.
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 18 Surti Chambers 2nd Dhobi Talao Lane, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2018, the company reported a revenue of ₹3.23 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹12.24 Cr (net margin -379.6%) and EBITDA of -₹12.24 Cr (EBITDA margin -379.6%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years.
As per MCA filings, the company has open charges of ₹9.55 Cr and satisfied charges of ₹8 Cr on record. Court records list 10 cases involving the company, including 5 filed by the company and 5 filed against it. The company has 3 deals on record (2 market trades, 1 ipo); the latest was in June 2014.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website subhtexindia.co.in.
Company details
CIN history
Subh Tex (India) has one previous CIN (Corporate Identification Number): U99999MH1987PLC045305. The current CIN is L99999MH1987PLC045305, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1987PLC045305 | Current |
| U99999MH1987PLC045305 | Previous |
Contact details
Subh Tex (India) Limited's registered office is in Mumbai, Maharashtra. Its website is subhtexindia.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address18 Surti Chambers 2nd Dhobi Talao Lane, Mumbai, Maharashtra, India – 400002
- IndustryConsumer Goods, Footwear Retail & Distribution
To see the full contact details of Subh Tex (India) 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 Subh Tex (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 Subh Tex (India) Limited, buy the company report.
Financials of Subh Tex (India) Limited
FY 2018 filings availableSubh Tex (India) Limited reported revenue of ₹3.23 Cr (up 317% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 317% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 48%. 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 | ₹3.23 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹12.24 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹12.24 Cr | |||
| 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 | -379.6% | |||
| Net Profit Margin | -379.6% | |||
| 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 Subh Tex (India) Limited, buy the company report.
Board of directors of Subh Tex (India) Limited
Subh Tex (India) has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Jagmohan Bansal Also directs: Santowin Corporation Limited | Director | 20 Nov 2012 | 13 Years 11 Months | Current |
| Sheela Somnath Kadechkar Also directs: Sanasa Tech Feb Limited, Mishka Finance and Trading Limited, SSPN Finance Limited and 4 more | Director | 30 Jun 2015 | 11 Years 3 Months | Current |
| Vinay Balkishan Poddar Also directs: Santowin Corporation Limited | Managing Director | 02 Apr 2014 | 12 Years 6 Months | Current |
Auditor
Subh Tex (India) Limited is audited by JAIN ANIL & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN ANIL & ASSOCIATES | FY 2018 | 115987W |
Shareholding
The shareholding of Subh Tex (India) Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Subh Tex (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 May 2008 | 10146894 | Corporation Bank | ₹9.25 Cr | Open | |
| 07 Jun 1993 | 90358666 | Oriantal Bank of Commerce | ₹15 Lakh | Open | |
| 25 Sep 1992 | 90358597 | Allahabad Bank | ₹15 Lakh | Open | |
| 02 Apr 2004 | 90359852 | Canara Bank | ₹3 Cr | Satisfied | |
| 30 Dec 1997 | 90360050 | Canara Bank | ₹1 Cr | Satisfied |
To see the full charge records of Subh Tex (India) Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Subh Tex (India) Limited has 3 deals on record (2 market trades, 1 ipo); the latest was in June 2014.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2014 | Market trade | ₹26.6 Lakh | Seller: an individual |
| Oct 2013 | Market trade | ₹20.4 Lakh | Seller: an individual |
| Oct 2013 | IPO | ₹3.5 Cr | Investors: Public Investors |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Subh Tex (India) Limited has 10 court cases on record: 5 filed by Subh Tex (India), 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 4 | 0 |
| District courts | 2 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed by the company against Shree Rajasthan Syntex Limited | Disposed |
| Bombay High Court | Company petition | Filed against the company by Shree Rajasthan Syntex Ltd | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Canara Bank and Ors. | Disposed |
| Bombay High Court | Company petition | Filed against the company by Messrs R.Mody and Co. | Disposed |
| Bombay High Court | Company petition | Filed against the company by an individual | Disposed |
To see the full case history of Subh Tex (India) 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 Subh Tex (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Subh Tex (India) has 3 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 Subh Tex (India) Limited, buy the company report.
Recent activity
Subh Tex (India) Limited has 17 board changes on record since 2009: 3 appointments and 14 cessations. The latest: Sheela Somnath Kadechkar ceased to be Director on 06 Jul 2019.
24 earlier events are in the company report.
Frequently asked questions
Subh Tex (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in footwear retail and distribution, within the consumer goods industry. It was incorporated on 16 November 1987 (39+ years old) and is registered under CIN L99999MH1987PLC045305.
Subh Tex (India) has 3 current directors:
- Vinay Balkishan Poddar - Managing Director
- Vinod Jagmohan Bansal - Director
- Sheela Somnath Kadechkar - Director
The latest financial statements of Subh Tex (India) 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.
No. Subh Tex (India) has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Subh Tex (India) is L99999MH1987PLC045305. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Subh Tex (India) is recorded as a listed company by MCA, but its shares were delisted from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
Subh Tex (India) has 10 court cases on record: 5 filed by the company and 5 filed against it. Most are in the high courts.
Subh Tex (India) was incorporated on 16 November 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Subh Tex (India) has 3 deals on record (2 market trades, 1 ipo); the latest was in June 2014.
Sheela Somnath Kadechkar ceased to be Director on 06 Jul 2019. Abhijeet Mittal Nandkishore ceased to be Director on 30 Jun 2015. Sheela Somnath Kadechkar was appointed as Director on 30 Jun 2015. Subh Tex (India) has 17 board changes on record in total.