About Texon Global Private Limited
Data last updated:
Texon Global Private Limited is a private limited company based in Vadodara, 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 industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 26 May 2005.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32104GJ2005PTC046138. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.62 Cr. It was formerly known as Texon Telecom Engineers Private Limited and Texon Indo-Global Rail Technology Private Limited. It is led by directors including Mohammed Husain Farooqui and Mohamedasad Mohamedhusain Faroqque.
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 Texon House Shelter – 2 Ground Floor B/H Misuja Court Vasna, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2016, the company reported a revenue of ₹4.15 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹22.38 Lakh (net margin 5.4%) and EBITDA of ₹87.32 Lakh (EBITDA margin 21.1%).
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.21 Cr on record. Court records list 15 cases involving the company, including 13 filed by the company and 3 filed against it; 2 cases are pending.
The last known website on record is texonglobal.com.
Company details
Name history
Texon Global has undergone 2 name changes throughout its history. The company was previously known as Texon Telecom Engineers Private Limited, and Texon Indo-Global Rail Technology Private Limited. The current legal name is Texon Global Private Limited.
| Company Name | Status |
|---|---|
| Texon Global Private Limited | Current |
| Texon Telecom Engineers Private Limited | Previous |
| Texon Indo-Global Rail Technology Private Limited | Previous |
Contact details
Texon Global Private Limited's registered office is in Vadodara, Gujarat. Its website is texonglobal.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressTexon House Shelter – 2 Ground Floor B/H Misuja Court Vasna, Vadodara, Gujarat, India – 390007
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Texon Global 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 Texon Global is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Texon Global Private Limited, buy the company report.
Financials of Texon Global Private Limited
FY 2016 filings availableTexon Global Private Limited reported revenue of ₹4.15 Cr (up 26% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year. EBITDA fell 14% 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 | ₹4.15 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹87.32 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹22.38 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 | 21.1% | |
| Net Profit Margin | 5.4% | |
| 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 Texon Global Private Limited, buy the company report.
Board of directors of Texon Global Private Limited
Texon Global has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammed Husain Farooqui | Director | 26 May 2005 | 21 Years 5 Months | As last reported |
| Mohamedasad Mohamedhusain Faroqque | Director | 26 May 2005 | 21 Years 5 Months | As last reported |
| Faisal Mohammed Husain Farooqui | Director | 26 May 2005 | 21 Years 5 Months | As last reported |
Auditor
Texon Global Private Limited is audited by K B MEHTA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K B MEHTA & ASSOCIATES | FY 2016 | 136192W |
Shareholding
The shareholding of Texon Global Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Texon Global Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jun 2006 | 10016828 | Syndicate Bank | ₹7.8 Cr | Open | |
| 12 May 2006 | 10004121 | Kotak Mahindra Bak Ltd | ₹20.63 Lakh | Open | |
| 24 Mar 2006 | 10003507 | Kotak Mahindra Bank Limited | ₹20.63 Lakh | Open |
To see the full charge records of Texon Global Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Texon Global Private Limited has 15 court cases on record: 13 filed by Texon Global, 3 filed against it. 2 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 13 | 2 | 1 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed against the company by Canara Bank Through Its Authorised Officer Vikas Shah | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Jeetendra Rajpal Daryani Erstwhile Resolution Professional of M/S Texon Global Pvt Ltd | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Mr.Rajendra Jain Liquidator of M/S Texon Global Pvt Ltd and 1 other | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against an individual | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Canara Bank Arm Branch and 1 other | Disposed |
To see the full case history of Texon Global 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 Texon Global Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Texon Global Private Limited has a workforce of 8 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Texon Global has 5 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 Texon Global Private Limited, buy the company report.
Recent activity
Texon Global Private Limited has 3 board changes on record since 2005: 3 appointments. The latest: Faisal Mohammed Husain Farooqui was appointed as Director on 26 May 2005.
Frequently asked questions
Texon Global 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.
Texon Global is a company under liquidation, formerly operating as a private limited company based in Vadodara, Gujarat, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 26 May 2005 and is registered under CIN U32104GJ2005PTC046138. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Texon Global has 3 current directors:
- Mohammed Husain Farooqui - Director
- Mohamedasad Mohamedhusain Faroqque - Director
- Faisal Mohammed Husain Farooqui - Director
The latest financial statements of Texon Global 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 Texon Global is U32104GJ2005PTC046138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Texon Global has open charges of ₹8.21 Cr and no satisfied charges on record as per latest MCA filings.
Texon Global has 15 court cases on record: 13 filed by the company and 3 filed against it. 2 are pending. Most are in the nclt.
Texon Global was incorporated on 26 May 2005. It is registered with the Registrar of Companies, Ahmedabad.
Faisal Mohammed Husain Farooqui was appointed as Director on 26 May 2005. Mohamedasad Mohamedhusain Faroqque was appointed as Director on 26 May 2005. Mohammed Husain Farooqui was appointed as Director on 26 May 2005.
Texon Global can be reached through the website texonglobal.com. Its registered office is in Vadodara, Gujarat, India.
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