Swathika Textile Mills Private Limited
About Swathika Textile Mills Private Limited
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Swathika Textile Mills Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 26 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2005PTC012431. Its GSTIN is 33AAJCS5067K1Z0 (Tamil Nadu).
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹85 Lakh. It is led by directors including Shanmuganathan (Managing Director) and Dhanapal Viswalingam.
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 408 Rangai Gowder Street 2nd Floor Kandaswamy Shopping Centre, Coimbatore, Tamil Nadu, India – 641001.
As per the financials filed for FY 2016, the company reported a revenue of ₹4.2 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹2.39 Lakh (net margin 0.6%) and EBITDA of ₹65.67 Lakh (EBITDA margin 15.6%).
As per MCA filings, the company has satisfied charges of ₹3.8 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Swathika Textile Mills Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address408 Rangai Gowder Street 2nd Floor Kandaswamy Shopping Centre, Coimbatore, Tamil Nadu, India – 641001
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Swathika Textile Mills 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 Swathika Textile Mills 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 Swathika Textile Mills Private Limited, buy the company report.
Financials of Swathika Textile Mills Private Limited
FY 2016 filings availableSwathika Textile Mills Private Limited reported revenue of ₹4.2 Cr (down 13% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 13% in the latest year. EBITDA rose 75% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹4.2 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹65.67 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹2.39 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 15.6% | |
| Net Profit Margin | 0.6% | |
| 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 Swathika Textile Mills Private Limited, buy the company report.
Board of directors of Swathika Textile Mills Private Limited
Swathika Textile Mills has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhanapal Viswalingam | Director | 15 Sep 2016 | 10 Years 1 Months | Current |
| Shanmuganathan | Managing Director | 26 Dec 2005 | 20 Years 10 Months | Current |
| Sundaram Karuppiah | Director | 15 Sep 2016 | 10 Years 1 Months | Current |
Peer comparison
Swathika Textile Mills Private Limited is compared with the 4 companies closest to it by revenue in the Apparel industry (Branded Wear), 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 |
|---|---|---|---|---|---|---|
| Bhavani Menon Garment Private Limited | ₹4.27 Cr (FY 2018) | -51.0% | Tirupur, Tamil Nadu, India | |||
| Anushri Fashion India Private Limited | ₹4.25 Cr (FY 2017) | 30.0% | Tirupur, Tamil Nadu, India | |||
| Pinball Clothing India Private Limited | ₹4.22 Cr (FY 2018) | 7.0% | Bangalore, Karnataka, India | |||
| Swathika Textile Mills Private Limitedthis company | ₹4.2 Cr (FY 2016) | ₹2.39 Lakh | 0.6% | -13.0% | Coimbatore, Tamil Nadu, India | |
| Sampurnam Hosieries Impex Private Limited | ₹4.19 Cr (FY 2025) | 11.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Swathika Textile Mills Private Limited, buy the company report.
Auditor
Swathika Textile Mills Private Limited is audited by IYER & RAO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| IYER & RAO | FY 2016 | 010551S |
Shareholding
The shareholding of Swathika Textile Mills Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Swathika Textile Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2006 | 10000188 | Bank of India | ₹3.8 Cr | Satisfied |
To see the full charge records of Swathika Textile Mills Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Swathika Textile Mills Private Limited has 7 court cases on record: 5 filed by Swathika Textile Mills, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 2 | 0 |
Cases on record (3 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruppur, Tamil Nadu | Criminal case | Filed against the company by M/S.Loyal International Sourcing (P) Ltd., Authorised Person Mr.M.Joseph Prasanth Leo Francis | Disposed |
| District court, Tiruppur, Tamil Nadu | Criminal complaint | Filed against the company by Ms Loyal International Sourcing P Ltd | Disposed |
| District court, Tiruppur, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
To see the full case history of Swathika Textile Mills 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 Swathika Textile Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Swathika Textile Mills Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Swathika Textile Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAJCS5067K1Z0 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swathika Textile Mills Private Limited, buy the company report.
Recent activity
Swathika Textile Mills Private Limited has 8 board changes on record since 2005: 3 appointments and 5 cessations. The latest: Arulkumar Kannan ceased to be Director on 06 Dec 2018.
2 earlier events are in the company report.
Frequently asked questions
Swathika Textile Mills is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 26 December 2005 (21+ years old) and is registered under CIN U17111TZ2005PTC012431.
Swathika Textile Mills has 3 current directors:
- Shanmuganathan - Managing Director
- Dhanapal Viswalingam - Director
- Sundaram Karuppiah - Director
The latest financial statements of Swathika Textile Mills 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 GSTIN of Swathika Textile Mills is 33AAJCS5067K1Z0, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Swathika Textile Mills is U17111TZ2005PTC012431. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swathika Textile Mills has 7 court cases on record: 5 filed by the company and 2 filed against it.
Swathika Textile Mills was incorporated on 26 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Swathika Textile Mills by revenue are Bhavani Menon Garment Private Limited, Anushri Fashion India Private Limited, Pinball Clothing India Private Limited, Sampurnam Hosieries Impex Private Limited, all in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products).
Arulkumar Kannan ceased to be Director on 06 Dec 2018. Mahalingam ceased to be Director on 06 Dec 2018. Dhanapal Viswalingam was appointed as Director on 15 Sep 2016. Swathika Textile Mills has 8 board changes on record in total.
The registered office of Swathika Textile Mills is at 408 Rangai Gowder Street 2nd Floor Kandaswamy Shopping Centre, Coimbatore, Tamil Nadu, India – 641001.
Swathika Textile Mills operates in the fashion and textile industry, in the designer and branded fashion segment.
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