Thirupur Suriya Textiles Private Limited
About Thirupur Suriya Textiles Private Limited
Data last updated:
Thirupur Suriya Textiles Private Limited is a private limited company based in Coimbatore, Tamil Nadu, 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 12 May 1990.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17115TZ1990PTC002714. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹29.5 Cr and a paid-up capital of ₹29.26 Cr. It is led by directors Kandasamy Gounder Kuppuswamy (Managing Director) and Kuppuswamy Radhambikai.
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 5 M P Nagar Extnpilaiyar Koil Thottam Tiruppur, Coimbatore, Tamil Nadu, India – 641604.
As per the financials filed for FY 2016, the company reported a revenue of ₹40.52 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹45.27 Cr (net margin -111.7%) and EBITDA of -₹22.25 Cr (EBITDA margin -54.9%).
As per MCA filings, the company has open charges of ₹366.34 Cr on record. Court records list 16 cases involving the company, including 6 filed by the company and 10 filed against it; 5 cases are pending.
Company details
Contact details
Thirupur Suriya Textiles Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address5 M P Nagar Extnpilaiyar Koil Thottam Tiruppur, Coimbatore, Tamil Nadu, India – 641604
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Thirupur Suriya Textiles 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 Thirupur Suriya Textiles 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 Thirupur Suriya Textiles Private Limited, buy the company report.
Financials of Thirupur Suriya Textiles Private Limited
FY 2016 filings availableThirupur Suriya Textiles Private Limited reported revenue of ₹40.52 Cr (down 66% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 66% in the latest year. EBITDA fell 189% 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 | ₹40.52 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹22.25 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹45.27 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -54.9% | |
| Net Profit Margin | -111.7% | |
| 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 Thirupur Suriya Textiles Private Limited, buy the company report.
Board of directors of Thirupur Suriya Textiles Private Limited
Thirupur Suriya Textiles has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kuppuswamy Radhambikai | Director | 21 May 1990 | 36 Years 5 Months | As last reported |
| Kandasamy Gounder Kuppuswamy | Managing Director | 21 May 1990 | 36 Years 5 Months | As last reported |
Peer comparison
Thirupur Suriya Textiles Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), 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 |
|---|---|---|---|---|---|---|
| Hami Raycot Private Limited | ₹40.65 Cr (FY 2025) | 320667.0% | Surat, Gujarat, India | |||
| Shivam Acrylics Private Limited | ₹40.54 Cr (FY 2025) | 65.0% | Ludhiana, Punjab, India | |||
| Thirupur Suriya Textiles Private Limitedthis company | ₹40.52 Cr (FY 2016) | -₹45.27 Cr | -111.7% | -66.0% | Coimbatore, Tamil Nadu, India | |
| Rathi Woollens Limited | ₹40.52 Cr (FY 2024) | 90.0% | Bikaner, Rajasthan, India | |||
| Swati Dyeing and Printing Mills Private Limited | ₹40.5 Cr (FY 2025) | 11.0% | Ankleshwar, Gujarat, India | |||
| Kutti Ultra Weaving Mills Private Limited | ₹40.37 Cr (FY 2025) | 121.0% | Tiruchengode, Tamil Nadu, India | |||
| Vinit Yarn Dyeing Private Limited | ₹40.33 Cr (FY 2025) | -28.0% | Bhiwandi, Maharashtra, India |
To see the full peer comparison of Thirupur Suriya Textiles Private Limited, buy the company report.
Auditor
Thirupur Suriya Textiles Private Limited is audited by SETHURAMAN & SRIVATSAN for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SETHURAMAN & SRIVATSAN | FY 2016 | 003730S |
Shareholding
The shareholding of Thirupur Suriya Textiles Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Thirupur Suriya Textiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2015 | 10556193 | Others | ₹37.98 Cr | Open | |
| 17 Apr 2009 | 10160784 | State Bank of India | ₹3.65 Cr | Open | |
| 02 Jun 2008 | 10108220 | The South Indian Bank Limited | ₹5 Cr | Open | |
| 28 Feb 2007 | 10044180 | The South Indian Bank Limited | ₹5 Cr | Open | |
| 03 Mar 2006 | 10000053 | The South Indian Bank Limited | ₹1.2 Cr | Open |
To see the full charge records of Thirupur Suriya Textiles Private Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
Thirupur Suriya Textiles Private Limited has 16 court cases on record: 6 filed by Thirupur Suriya Textiles, 10 filed against it. 5 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 7 | 2 |
| High courts | 5 | 3 | 3 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aurangabad, Maharashtra | Civil suit | Filed against the company by Bhadresh Trading Corporation Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Ltd | Pending |
| Madras High Court | Court case (CMA(MD)) | Filed against the company by Employees State Insurance Corporation | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Kokila Cotton Exports Pvt. Ltd. Through Its Director Navneet P. Patel | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Kokila Cotton Exports Pvt. Ltd. Through Its Director Navneet P. Patel | Disposed |
To see the full case history of Thirupur Suriya Textiles 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
Thirupur Suriya Textiles Private Limited was last rated by Crisil on 29 Nov 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Nov 2016 |
To see the full credit ratings and regulatory alerts of Thirupur Suriya Textiles Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Thirupur Suriya Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Thirupur Suriya Textiles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Thirupur Suriya Textiles Private Limited, buy the company report.
Recent activity
Thirupur Suriya Textiles Private Limited has 5 board changes on record since 1990: 2 appointments and 3 cessations. The latest: Kuppusamy Karthik ceased to be Director on 19 Aug 2016.
29 earlier events are in the company report.
Frequently asked questions
Thirupur Suriya Textiles 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.
Thirupur Suriya Textiles is a company under liquidation, formerly operating as a private limited company based in Coimbatore, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 12 May 1990 and is registered under CIN U17115TZ1990PTC002714. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Thirupur Suriya Textiles has 2 current directors:
- Kandasamy Gounder Kuppuswamy - Managing Director
- Kuppuswamy Radhambikai - Director
The latest financial statements of Thirupur Suriya Textiles 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 Thirupur Suriya Textiles is U17115TZ1990PTC002714. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thirupur Suriya Textiles has open charges of ₹366.34 Cr and no satisfied charges on record as per latest MCA filings.
Thirupur Suriya Textiles has 16 court cases on record: 6 filed by the company and 10 filed against it. 5 are pending. Most are in the district courts.
Thirupur Suriya Textiles was incorporated on 12 May 1990. It is registered with the Registrar of Companies, Coimbatore.
The peers of Thirupur Suriya Textiles by revenue are Hami Raycot Private Limited, Shivam Acrylics Private Limited, Rathi Woollens Limited, Swati Dyeing and Printing Mills Private Limited, Kutti Ultra Weaving Mills Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Kuppusamy Karthik ceased to be Director on 19 Aug 2016. Harihara Sivasubramaniam ceased to be Whole-Time Director on 13 Jun 2014. Kuppusamy Suriya ceased to be Whole-Time Director on 15 May 2014. Thirupur Suriya Textiles has 5 board changes on record in total.
The registered office of Thirupur Suriya Textiles is at 5 M P Nagar Extnpilaiyar Koil Thottam Tiruppur, Coimbatore, Tamil Nadu, India – 641604.
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