About Swiss Ribbons Private Limited
Data last updated:
Swiss Ribbons Private Limited is a private limited company based in Surat, Gujarat, 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 textile and fabric production segment of the manufacturing sector. It was incorporated on 14 February 2003.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ2003PTC042006. Its GSTIN is 24AAHCS0771L1Z6 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹33.34 Lakh. It is led by directors including Vishal Dineshchandra Jariwala and Harish Bhagwandas Jariwala.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 2/1415 Jariwala House Oppj K Towers Ring Road, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2019, the company reported a revenue of ₹23.4 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹42.09 Lakh (net margin -1.8%) and EBITDA of ₹7.08 Cr (EBITDA margin 30.2%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21.48 Cr on record. Court records list 44 cases involving the company, including 28 filed by the company and 16 filed against it; 4 cases are pending.
The last known website on record is swissribbons.com.
Company details
Contact details
Swiss Ribbons Private Limited's registered office is in Surat, Gujarat. Its website is swissribbons.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2/1415 Jariwala House Oppj K Towers Ring Road, Surat, Gujarat, India – 395002
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Swiss Ribbons 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
Financials of Swiss Ribbons Private Limited
FY 2019 filings availableSwiss Ribbons Private Limited reported revenue of ₹23.4 Cr (up 9% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over three years, including 9% growth in the latest year. EBITDA rose 216% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹23.4 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹42.09 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.2% | ||||
| Net Profit Margin | -1.8% | ||||
| 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 Swiss Ribbons Private Limited, buy the company report.
Board of directors of Swiss Ribbons Private Limited
Swiss Ribbons has 8 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Dineshchandra Jariwala | Director | 01 Jul 2013 | 13 Years 4 Months | As last reported |
| Harish Bhagwandas Jariwala | Director | 14 Feb 2003 | 23 Years 8 Months | As last reported |
| Navinchandra Bhagwandas Jariwala | Director | 14 Feb 2003 | 23 Years 8 Months | As last reported |
| Jayvadan Bhagwandas Jariwala | Director | 14 Feb 2003 | 23 Years 8 Months | As last reported |
| Ankur Navinbhai Jariwala | Director | 01 Jul 2013 | 13 Years 4 Months | As last reported |
| Mehul Navinchandra Jariwala | Director | 01 Jul 2013 | 13 Years 4 Months | As last reported |
Auditor
Swiss Ribbons Private Limited is audited by DIPALI P. SOPARIWALA for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DIPALI P. SOPARIWALA | FY 2019 | 107223 |
Shareholding
The shareholding of Swiss Ribbons Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Swiss Ribbons Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jan 2016 | 10617868 | Axis Bank Limited | ₹1.35 Cr | Open | |
| 05 Mar 2014 | 10481474 | Small Industries Development Bank of India | ₹6.54 Cr | Open | |
| 28 May 2013 | 10431291 | S. E. Investments Limited | ₹1 Cr | Open | |
| 31 Jul 2012 | 10372278 | Axis Bank Limited | ₹4 Lakh | Open | |
| 05 Nov 2009 | 10184425 | Axis Bank Limited | ₹12.55 Cr | Open |
To see the full charge records of Swiss Ribbons Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Swiss Ribbons Private Limited has 44 court cases on record: 28 filed by Swiss Ribbons, 16 filed against it. 4 cases are pending and 40 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 9 | 3 |
| NCLT | 9 | 1 | 0 |
| High courts | 8 | 4 | 0 |
| Supreme Court | 3 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Court case (EXE R) | Filed against the company by M/S. S.E. Investments Ltd. | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Religare Finvest Ltd | Disposed |
| District court, SURAT, Gujarat | Court case (CMA DC) | Filed by the company against Religare Finvest Ltd. and 1 other | Disposed |
| District court, SURAT, Gujarat | Court case (EXE R) | Filed against the company by M/S Religare Finvest Limited | Disposed |
| District court, SURAT, Gujarat | Commercial matter | Filed by the company against an individual | Pending |
To see the full case history of Swiss Ribbons 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
Swiss Ribbons Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 284 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Venus Textiles | |||
| an individual supplier | |||
| Pooja Fabmart Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Swiss Ribbons Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Swiss Ribbons Private Limited has a workforce of 10 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Swiss Ribbons has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCS0771L1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swiss Ribbons Private Limited, buy the company report.
Recent activity
Swiss Ribbons Private Limited has 10 board changes on record since 2003: 8 appointments and 2 cessations. The latest: Rama Krishna Reddy ceased to be Director on 30 Jul 2018.
8 earlier events are in the company report.
Frequently asked questions
Swiss Ribbons 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.
Swiss Ribbons is a company under liquidation, formerly operating as a private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 14 February 2003 and is registered under CIN U17119GJ2003PTC042006. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Swiss Ribbons has 8 current directors:
- Vishal Dineshchandra Jariwala - Director
- Harish Bhagwandas Jariwala - Director
- Navinchandra Bhagwandas Jariwala - Director
- Jayvadan Bhagwandas Jariwala - Director
- Ankur Navinbhai Jariwala - Director
- Mehul Navinchandra Jariwala - Director
- Sagarkumar Dineshchandra Jariwala - Director
- Dinesh Bhagwandas Jariwala - Director
The latest financial statements of Swiss Ribbons on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Swiss Ribbons is U17119GJ2003PTC042006. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swiss Ribbons has open charges of ₹21.48 Cr and no satisfied charges on record as per latest MCA filings.
Swiss Ribbons has 44 court cases on record: 28 filed by the company and 16 filed against it. 4 are pending. Most are in the district courts.
Swiss Ribbons was incorporated on 14 February 2003. It is registered with the Registrar of Companies, Ahmedabad.
Rama Krishna Reddy ceased to be Director on 30 Jul 2018. Ruzeen Kersi Daruwala ceased to be Director on 23 Jul 2015. Ankur Navinbhai Jariwala was appointed as Director on 01 Jul 2013. Swiss Ribbons has 10 board changes on record in total.
Swiss Ribbons has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 284 overdue payments to 41 micro and small suppliers. The latest return was filed on 14 Dec 2019.
Swiss Ribbons can be reached through the website swissribbons.com. Its registered office is in Surat, Gujarat, India.
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