Ultimo Fabrics Private Limited
About Ultimo Fabrics Private Limited
Data last updated:
Ultimo Fabrics Private Limited is a private limited company based in Mumbai, Maharashtra, 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 retail and distribution segment of the home and lifestyle products sector. It was incorporated on 20 October 2015.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2015PTC269395. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹14.59 Cr. It is led by directors Aashima Khushalani Manoj and Manoj Uttam Khushalani.
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 3rd Floor Todi Estate Above Post Office Sun Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.54 Cr, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹5.31 Cr (net margin -345.2%) and EBITDA of -₹16.2 Lakh (EBITDA margin -10.5%).
As per MCA filings, the company has open charges of ₹69.12 Cr on record. Court records list 7 cases involving the company, including 7 filed against it; 3 cases are pending.
Company details
CIN history
Ultimo Fabrics has one previous CIN (Corporate Identification Number): U51909MH2015PTC269395. The current CIN is U74110MH2015PTC269395, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2015PTC269395 | Current |
| U51909MH2015PTC269395 | Previous |
Contact details
Ultimo Fabrics Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address3rd Floor Todi Estate Above Post Office Sun Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Ultimo Fabrics 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 Ultimo Fabrics is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ultimo Fabrics Private Limited, buy the company report.
Financials of Ultimo Fabrics Private Limited
FY 2019 filings availableUltimo Fabrics Private Limited reported revenue of ₹1.54 Cr (down 100% YoY) for FY 2019.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹1.54 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹16.2 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹5.31 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -10.5% | |||
| Net Profit Margin | -345.2% | |||
| 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 Ultimo Fabrics Private Limited, buy the company report.
Board of directors of Ultimo Fabrics Private Limited
Ultimo Fabrics has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aashima Khushalani Manoj | Additional Director | 20 Oct 2015 | 11 Years 0 Months | As last reported |
| Manoj Uttam Khushalani Also directs: Zephyr Fabric Trading LLP, Worsted Overseas Trading LLP, Worldstar Fabrics LLP and 4 more | Additional Director | 04 Feb 2016 | 10 Years 9 Months | As last reported |
Peer comparison
Ultimo Fabrics Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Airline Pro Textile Machinery Private Limited | ₹1.55 Cr (FY 2025) | 828.0% | Surat, Gujarat, India | |||
| Everett Infra and Engineering Equipments Private Limited | ₹1.54 Cr (FY 2024) | 0.0% | Delhi, India | |||
| Ultimo Fabrics Private Limitedthis company | ₹1.54 Cr (FY 2019) | -₹5.31 Cr | -345.2% | -100.0% | Mumbai, Maharashtra, India | |
| Venika Creations Private Limited | ₹1.54 Cr (FY 2024) | 25.0% | Surat, Gujarat, India | |||
| Amritlaxmi Commosales Private Limited | ₹1.54 Cr (FY 2024) | 5.0% | Kolkata, West Bengal, India | |||
| Zinna Fashions Private Limited | ₹1.53 Cr (FY 2025) | -16.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ultimo Fabrics Private Limited, buy the company report.
Auditor
Ultimo Fabrics Private Limited is audited by R D SATRA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R D SATRA & ASSOCIATES | FY 2019 | 139447W |
Shareholding
The shareholding of Ultimo Fabrics Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ultimo Fabrics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Apr 2016 | 100033114 | Others | ₹9.12 Cr | Open | |
| 31 Mar 2016 | 100022411 | Dena Bank | ₹60 Cr | Open |
To see the full charge records of Ultimo Fabrics Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ultimo Fabrics Private Limited has 7 court cases on record: 7 filed against it. 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 3 |
| NCLT | 2 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Scaffold Properties Private Limited | Pending |
| Bombay High Court | Commercial suit | Filed against the company by Scaffold Properties Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Dena Bank | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Ultimo Fabrics 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
Ultimo Fabrics Private Limited was last rated by Crisil on 24 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Nov 2020 |
To see the full credit ratings and regulatory alerts of Ultimo Fabrics Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ultimo Fabrics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ultimo Fabrics 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 Ultimo Fabrics Private Limited, buy the company report.
Recent activity
Ultimo Fabrics Private Limited has 8 board changes on record since 2015: 2 appointments and 6 cessations. The latest: Sanjay Rameshchandra Vyas ceased to be Additional Director on 28 Jun 2018.
3 earlier events are in the company report.
Frequently asked questions
Ultimo Fabrics 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.
Ultimo Fabrics is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 20 October 2015 and is registered under CIN U74110MH2015PTC269395. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ultimo Fabrics has 2 current directors:
- Aashima Khushalani Manoj - Additional Director
- Manoj Uttam Khushalani - Additional Director
The latest financial statements of Ultimo Fabrics 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 FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Ultimo Fabrics is U74110MH2015PTC269395. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ultimo Fabrics has open charges of ₹69.12 Cr and no satisfied charges on record as per latest MCA filings.
Ultimo Fabrics has 7 court cases on record: 7 filed against it. 3 are pending. Most are in the district courts.
Ultimo Fabrics was incorporated on 20 October 2015. It is registered with the Registrar of Companies, Mumbai.
The peers of Ultimo Fabrics by revenue are Airline Pro Textile Machinery Private Limited, Everett Infra and Engineering Equipments Private Limited, Venika Creations Private Limited, Amritlaxmi Commosales Private Limited, Zinna Fashions Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Sanjay Rameshchandra Vyas ceased to be Additional Director on 28 Jun 2018. Natasha Nina Dsouza ceased to be Additional Director on 20 Apr 2018. Pankaj Bhansali ceased to be Additional Director on 20 Apr 2018. Ultimo Fabrics has 8 board changes on record in total.
The registered office of Ultimo Fabrics is at 3rd Floor Todi Estate Above Post Office Sun Mill Compound Lower Parel, Mumbai, Maharashtra, India – 400013.
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