Sunrise Ginning Private Limited
About Sunrise Ginning Private Limited
Data last updated:
Sunrise Ginning Private Limited is a private limited company based in Dhoraji, Gujarat, 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 20 February 2006.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17110GJ2006PTC047767. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.5 Cr. It is led by directors Pradipkumar Govindbhai Lakkad and Harsukhbhai Parbatbhai Lakkad.
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 is at Survey No. 595/4Op. Balaji Paper Mills Upleta Road, Dhoraji, Gujarat, India – 360410.
As per the financials filed for FY 2015, the company reported a revenue of ₹131.78 Cr, a growth of 92% compared to the previous year. For the same year it recorded a net profit of ₹20.46 Lakh (net margin 0.2%) and EBITDA of ₹1.9 Cr (EBITDA margin 1.4%).
As per MCA filings, the company has open charges of ₹12 Cr and satisfied charges of ₹19.66 Cr on record. Court records list 24 cases involving the company, including 12 filed by the company and 12 filed against it; 1 case is pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹97 Lakh; the latest was in March 2013. Its 8 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 5 smaller; the largest is Harish Textile Engineers Limited with revenue of ₹132.59 Cr.
Company details
Contact details
Sunrise Ginning Private Limited's registered office is in Dhoraji, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No. 595/4Op. Balaji Paper Mills Upleta Road, Dhoraji, Gujarat, India – 360410
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sunrise Ginning 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 Sunrise Ginning 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 Sunrise Ginning Private Limited, buy the company report.
Financials of Sunrise Ginning Private Limited
FY 2016 filings availableSunrise Ginning Private Limited reported revenue of ₹131.78 Cr (up 92% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 92% in the latest year. EBITDA fell 23% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹131.78 Cr |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹1.9 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹20.46 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 1.4% |
| 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 Sunrise Ginning Private Limited, buy the company report.
Board of directors of Sunrise Ginning Private Limited
Sunrise Ginning has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradipkumar Govindbhai Lakkad | Director | 10 Sep 2009 | 17 Years 1 Months | As last reported |
| Harsukhbhai Parbatbhai Lakkad | Director | 01 Sep 2009 | 17 Years 2 Months | As last reported |
Peer comparison
Sunrise Ginning Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Harish Textile Engineers Limited | ₹132.59 Cr (FY 2024) | 13.0% | Mumbai, Maharashtra, India | |||
| Shivkripa Apparels Private Limited | ₹132.53 Cr (FY 2025) | 19.0% | Howrah, West Bengal, India | |||
| Rameshwar Textile Mills Private Limited | ₹131.98 Cr (FY 2021) | 17.0% | Mumbai, Maharashtra, India | |||
| Sunrise Ginning Private Limitedthis company | ₹131.78 Cr (FY 2015) | ₹20.46 Lakh | 0.2% | 92.0% | Dhoraji, Gujarat, India | |
| Roses & Angels Private Limited | ₹131.62 Cr (FY 2025) | 17.0% | Howrah, West Bengal, India | |||
| Usha Garments Manufacturing Company Private Limited | ₹131.55 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Bico Twitex Private Limited | ₹131.53 Cr (FY 2025) | 14.0% | Surat, Gujarat, India | |||
| Nandan Cotex Private Limited | ₹131.49 Cr (FY 2025) | 27.0% | Rajkot, Gujarat, India | |||
| Asm Home Furnishings Private Limited | ₹131.35 Cr (FY 2025) | -1.0% | Panipat, Haryana, India |
To see the full peer comparison of Sunrise Ginning Private Limited, buy the company report.
Auditor
Sunrise Ginning Private Limited is audited by H B KALARIA & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H B KALARIA & ASSOCIATES | FY 2015 | 104571W |
Shareholding
The shareholding of Sunrise Ginning Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sunrise Ginning Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Oct 2012 | 10381553 | Dena Bank | ₹12 Cr | Open | |
| 30 Oct 2009 | 10185891 | Bank of Baroda | ₹7.36 Cr | Satisfied | |
| 10 Oct 2009 | 10184265 | Bank of Baroda | ₹1.04 Cr | Satisfied | |
| 10 Oct 2009 | 10184364 | Bank of Baroda | ₹7.36 Cr | Satisfied | |
| 20 Jan 2007 | 10040337 | State Bank of India | ₹3.9 Cr | Satisfied |
To see the full charge records of Sunrise Ginning Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Sunrise Ginning Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹97 Lakh; the latest was in March 2013.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| Oct 2009 | Funding round | ₹22.1 Lakh | Investors: 4 individuals |
| Jan 2007 | Funding round | ₹74.9 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sunrise Ginning Private Limited has 24 court cases on record: 12 filed by Sunrise Ginning, 12 filed against it. 1 case is pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 15 | 6 | 0 |
| NCLAT | 4 | 4 | 0 |
| High courts | 3 | 1 | 1 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Bank of Baroda | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bank of Baroda | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Shrinathji Spintex Private Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Shrinathji Spintex Private Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Reserve Bank of India (Rbi) and 3 others | Pending |
To see the full case history of Sunrise Ginning 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
Sunrise Ginning Private Limited was last rated by Icra on 15 Feb 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Feb 2016 |
To see the full credit ratings and regulatory alerts of Sunrise Ginning Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sunrise Ginning Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sunrise Ginning Private Limited has 1 active EPFO establishment as of Mar 23, 2024.
GST
Sunrise Ginning 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 Sunrise Ginning Private Limited, buy the company report.
Recent activity
Sunrise Ginning Private Limited has 7 board changes on record since 2008: 2 appointments and 5 cessations. The latest: Affan Tohid Janoohasan ceased to be Director on 28 Oct 2009.
11 earlier events are in the company report.
Frequently asked questions
Sunrise Ginning 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.
Sunrise Ginning is a company under insolvency, formerly operating as a private limited company based in Dhoraji, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 20 February 2006 and is registered under CIN U17110GJ2006PTC047767. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sunrise Ginning has 2 current directors:
- Pradipkumar Govindbhai Lakkad - Director
- Harsukhbhai Parbatbhai Lakkad - Director
The latest financial statements of Sunrise Ginning 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Sunrise Ginning is U17110GJ2006PTC047767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sunrise Ginning has open charges of ₹12 Cr and satisfied charges of ₹19.66 Cr as per latest MCA filings.
Sunrise Ginning has 24 court cases on record: 12 filed by the company and 12 filed against it. 1 is pending. Most are in the nclt.
Sunrise Ginning was incorporated on 20 February 2006. It is registered with the Registrar of Companies, Ahmedabad.
Sunrise Ginning has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹97 Lakh; the latest was in March 2013.
The peers of Sunrise Ginning by revenue are Harish Textile Engineers Limited, Shivkripa Apparels Private Limited, Rameshwar Textile Mills Private Limited, Roses & Angels Private Limited, Usha Garments Manufacturing Company Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Affan Tohid Janoohasan ceased to be Director on 28 Oct 2009. Akil Haji Arif Rangoonwala ceased to be Director on 11 Sep 2009. Tohid Haji Gaffar Janoohasan ceased to be Director on 11 Sep 2009. Sunrise Ginning has 7 board changes on record in total.
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