About Swe Fashions Private Limited
Data last updated:
Swe Fashions Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 04 October 2013.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U17291KA2013PTC071285. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.11 Cr. It was led by directors Princeton Sundariah (Managing Director) and Reddy Dhanalakshmi.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Plot No: W – 12 & W – 13 (P) KIADB Apparel Park Doddaballapur Industrial Area, Bangalore, Karnataka, India – 561203.
As per the financials filed for FY 2020, the company reported a revenue of ₹3.48 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net loss of ₹2.42 Cr (net margin -69.6%) and EBITDA of -₹1.26 Cr (EBITDA margin -36.3%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 31% over five years.
The company had about 64 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹15.12 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹5.52 Cr; the latest was in March 2015. Its 6 peer companies in the Apparel industry (Branded Wear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 4 smaller; the largest is Ardee Komfab Private Limited with revenue of ₹3.59 Cr.
The last known website on record is snowwhiteenterprises.com.
Company details
Contact details
Swe Fashions Private Limited's registered office is in Bangalore, Karnataka. Its website is snowwhiteenterprises.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No: W – 12 & W – 13 (P) KIADB Apparel Park Doddaballapur Industrial Area, Bangalore, Karnataka, India – 561203
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Swe Fashions 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 Swe Fashions 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 Swe Fashions Private Limited, buy the company report.
Financials of Swe Fashions Private Limited
FY 2020 filings availableSwe Fashions Private Limited reported revenue of ₹3.48 Cr (up 12% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 12% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 31%. EBITDA fell 36% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.42 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -36.3% | ||||
| Net Profit Margin | -69.6% | ||||
| 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 Swe Fashions Private Limited, buy the company report.
Board of directors of Swe Fashions Private Limited
Swe Fashions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reddy Dhanalakshmi | Director | 04 Oct 2013 | 13 Years 0 Months | As last reported |
| Princeton Sundariah | Managing Director | 04 Oct 2013 | 13 Years 0 Months | As last reported |
Peer comparison
Swe Fashions Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Ardee Komfab Private Limited | ₹3.59 Cr (FY 2024) | -36.0% | Gurgaon, Haryana, India | |||
| K R Creation Private Limited | ₹3.57 Cr (FY 2025) | -38.0% | Ahmedabad, Gujarat, India | |||
| Swe Fashions Private Limitedthis company | ₹3.48 Cr (FY 2020) | -₹2.42 Cr | -69.6% | 12.0% | 64 | Bangalore, Karnataka, India |
| Saisreenivasa Spintex India Private Limited | ₹3.46 Cr (FY 2024) | -52.0% | Coimbatore, Tamil Nadu, India | |||
| M Khan Fashion World Private Limited | ₹3.4 Cr (FY 2018) | -31.0% | Mysore, Karnataka, India | |||
| Ideax Labels and Accessories Private Limited | ₹3.33 Cr (FY 2024) | -40.0% | Satyawati Cly, Ashok Vihar, Delhi, India | |||
| GDR Fabrics Private Limited | ₹3.3 Cr (FY 2024) | -13.0% | New Delhi, Delhi, India |
To see the full peer comparison of Swe Fashions Private Limited, buy the company report.
Auditor
Swe Fashions Private Limited is audited by MURALI & VENKAT for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MURALI & VENKAT | FY 2019 | 002162S |
Shareholding
The shareholding of Swe Fashions Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Swe Fashions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2014 | 10511846 | State Bank of India | ₹15.12 Cr | Open |
To see the full charge records of Swe Fashions Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Swe Fashions Private Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹5.52 Cr; the latest was in March 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Rights issue | ₹1.59 Cr | Investors: 4 individuals |
| Mar 2015 | Funding round | ₹5.52 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Swe Fashions Private Limited has 9 court cases on record: 3 filed by Swe Fashions, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Ms Aramex India Pvt Ltd | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by an individual | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal miscellaneous application | Filed against the company by State Bank of India | Disposed |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed against the company by State Bank of India Rep by Its Authorized Oficer and Chief Manager Sri.Ratan Kumar Sinha | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Swe Fashions 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
Swe Fashions Private Limited was last rated by Crisil on 26 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 26 Aug 2020 |
To see the full credit ratings and regulatory alerts of Swe Fashions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Swe Fashions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Swe Fashions Private Limited has a workforce of 64 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Swe Fashions 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 Swe Fashions Private Limited, buy the company report.
Recent activity
Swe Fashions Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Princeton Sundariah ceased to be Director on 27 Apr 2015.
Frequently asked questions
Swe Fashions has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Swe Fashions was a private limited company based in Bangalore, Karnataka, India. The company worked in designer and branded fashion, within the fashion and textile industry. It was incorporated on 04 October 2013 and is registered under CIN U17291KA2013PTC071285. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Swe Fashions was incorporated on 04 October 2013. It is registered with the Registrar of Companies, Bangalore.
Swe Fashions had 2 directors:
- Princeton Sundariah - Managing Director
- Reddy Dhanalakshmi - Director
The CIN (Corporate Identification Number) of Swe Fashions is U17291KA2013PTC071285. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Swe Fashions is at Plot No: W – 12 & W – 13 P KIADB Apparel Park Doddaballapur Industrial Area, Bangalore, Karnataka, India – 561203.
Swe Fashions can be reached through the website snowwhiteenterprises.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Swe Fashions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Swe Fashions has 2 GST registrations on record and all of them are cancelled or inactive.
Swe Fashions operated in the fashion and textile industry, in the designer and branded fashion segment.
Swe Fashions has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹5.52 Cr; the latest was in March 2015.
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