Sura Leathers Private Limited
About Sura Leathers Private Limited
Data last updated:
Sura Leathers Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 28 December 1992.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U01911KA1992PTC013830. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.35 Cr. It is led by directors Doraisamy Arunachalam and Charles Harry.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 44/1 16th Cross K.R.Road Jayanagar 7th Block, Bangalore, Karnataka, India – 560082.
As per the financials filed for FY 2017, the company reported a revenue of ₹39.34 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹38.21 Lakh (net margin 1%) and EBITDA of ₹4.18 Cr (EBITDA margin 10.6%).
The company has about 180 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹36.6 Cr and satisfied charges of ₹2 Cr on record. Court records list 32 cases involving the company, including 4 filed by the company and 28 filed against it; 10 cases are pending.
Company details
Contact details
Sura Leathers Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered Address44/1 16th Cross K.R.Road Jayanagar 7th Block, Bangalore, Karnataka, India – 560082
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Sura Leathers 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 Sura Leathers 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 Sura Leathers Private Limited, buy the company report.
Financials of Sura Leathers Private Limited
FY 2017 filings availableSura Leathers Private Limited reported revenue of ₹39.34 Cr (down 28% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 28% in the latest year. EBITDA rose 33% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹39.34 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹4.18 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹38.21 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 10.6% | ||
| Net Profit Margin | 1% | ||
| 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 Sura Leathers Private Limited, buy the company report.
Board of directors of Sura Leathers Private Limited
Sura Leathers 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 |
|---|---|---|---|---|
| Doraisamy Arunachalam | Additional Director | 16 May 2019 | 7 Years 5 Months | As last reported |
| Charles Harry | Additional Director | 20 Apr 2019 | 7 Years 6 Months | As last reported |
Peer comparison
Sura Leathers Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Footwear Manufacturers), 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 |
|---|---|---|---|---|---|---|
| M G Udyog Private Limited | ₹40.58 Cr (FY 2025) | 7.0% | Delhi, India | |||
| Amit Shoes Private Limited | ₹40.56 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Milanya Footprints Private Limited | ₹40.45 Cr (FY 2025) | 131.0% | Agra, Uttar Pradesh, India | |||
| Sura Leathers Private Limitedthis company | ₹39.34 Cr (FY 2017) | ₹38.21 Lakh | 1% | -28.0% | 180 | Bangalore, Karnataka, India |
| Bansal Shoes Private Limited | ₹39.08 Cr (FY 2025) | 15.0% | Jaipur, Rajasthan, India | |||
| Gostep Footwear Private Limited | ₹38.12 Cr (FY 2025) | -20.0% | New Delhi, Delhi, India | |||
| Patchwork Pattern Private Limited | ₹36.92 Cr (FY 2025) | 12.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Sura Leathers Private Limited, buy the company report.
Auditor
Sura Leathers Private Limited is audited by T SRINIVASA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T SRINIVASA & CO | FY 2017 | 016624S |
Shareholding
The shareholding of Sura Leathers Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sura Leathers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2006 | 10022213 | State Bank of India | ₹36.6 Cr | Open | |
| 06 Oct 2006 | 10025586 | State Bank of Travancore | ₹2 Cr | Satisfied |
To see the full charge records of Sura Leathers Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Sura Leathers Private Limited has 32 court cases on record: 4 filed by Sura Leathers, 28 filed against it. 10 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 2 |
| High courts | 13 | 11 | 4 |
| NCLAT | 6 | 6 | 4 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by M/S Supreme Overseas Exports India Private Limited | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by Supreme Overseas Exports India Private Limited and 1 other | Disposed |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by The Recovery Officer/ the Regional Provident Fund Commissioner | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by The Recovery Officer/ the Regional Provident Fund Commissioner | Pending |
| District court, Vellore, Tamil Nadu | Civil suit | Filed against the company by individuals | Pending |
To see the full case history of Sura Leathers 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 Sura Leathers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sura Leathers Private Limited has a workforce of 180 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Sura Leathers 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 Sura Leathers Private Limited, buy the company report.
Recent activity
Sura Leathers Private Limited has 7 board changes on record since 2007: 2 appointments and 5 cessations. The latest: Doraisamy Arunachalam was appointed as Additional Director on 16 May 2019.
2 earlier events are in the company report.
Frequently asked questions
Sura Leathers is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Sura Leathers is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 28 December 1992 and is registered under CIN U01911KA1992PTC013830. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sura Leathers has 2 current directors:
- Doraisamy Arunachalam - Additional Director
- Charles Harry - Additional Director
The latest financial statements of Sura Leathers on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sura Leathers is U01911KA1992PTC013830. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sura Leathers has open charges of ₹36.6 Cr and satisfied charges of ₹2 Cr as per latest MCA filings.
Sura Leathers has 32 court cases on record: 4 filed by the company and 28 filed against it. 10 are pending. Most are in the district courts.
Sura Leathers was incorporated on 28 December 1992. It is registered with the Registrar of Companies, Bangalore.
The peers of Sura Leathers by revenue are M G Udyog Private Limited, Amit Shoes Private Limited, Milanya Footprints Private Limited, Bansal Shoes Private Limited, Gostep Footwear Private Limited and 1 more, all in the Consumer Products industry (Footwear Manufacturers), with the same principal business activity (textile, leather and other apparel products).
Doraisamy Arunachalam was appointed as Additional Director on 16 May 2019. Malalur Sudhindra Sriharsha ceased to be Managing Director on 16 May 2019. Satnur Ramchandra Rao Ramprasad ceased to be Director on 16 May 2019. Sura Leathers has 7 board changes on record in total.
The registered office of Sura Leathers is at 441 16th Cross K.R.Road Jayanagar 7th Block, Bangalore, Karnataka, India – 560082.
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