MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-21-0001006
Unitech Cotspin Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹66.46 Cr
▼ 17% YoY
Net profit · FY 2023
₹2.34 Cr
Net margin 3.5%
EBITDA · FY 2023
₹9.02 Cr
EBITDA margin 13.6%
Authorised capital
₹14 Cr
Registered with MCA
Paid-up capital
₹14 Cr
Issued & subscribed
Open charges
₹120.77 Cr
Satisfied ₹71.08 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
63
Provident fund records
About Unitech Cotspin Limited
Data last updated:
Unitech Cotspin Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 October 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2007PLC052072. Its GSTIN is 24AAACU9349M1ZT (Gujarat).
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹14 Cr. It is led by directors including Mahendrakumar Somabhai Patel (Managing Director) and Jagdishbhai Muljibhai Lukhi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 212 Galaxy Business Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹66.46 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹2.34 Cr (net margin 3.5%) and EBITDA of ₹9.02 Cr (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
The company has about 63 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Unitechspin. As per MCA filings, the company has open charges of ₹120.77 Cr and satisfied charges of ₹71.08 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 24 deals on record (20 secondary share transfers, 4 funding rounds), with disclosed funding of ₹14.23 Cr; the latest was in September 2018. The company has 2 MSME Form 1 returns on record between 2018 and 2019, listing 6 overdue payments to 6 micro and small suppliers.
Unitech Cotspin Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-21-0001006). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website unitechcotspinltd.business.site.
Company details
CIN U17120GJ2007PLC052072
Registration Number 052072
Incorporation Date 27 October 2007
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-21-0001006
Key People
Mahendrakumar Somabhai Patel Managing Director Ashokbhai Popatbhai Lukhi Cfo Jagdishbhai Muljibhai Lukhi Director Recognitions & Rankings of Unitech Cotspin
Contact details
Unitech Cotspin Limited's registered office is in Ahmedabad, Gujarat. Its website is unitechcotspinltd.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 212 Galaxy Business Park Opp.Torrent Sub Station Nr. Kathwada GIDC Sardar Patel Ring Roa, D Nikol, Ahmedabad, Gujarat, India – 382350
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Unitech Cotspin Limited, buy the company report.
Comprehensive company report
Unitech Cotspin Limited - one report that includes everything
- 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
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Brands
Unitech Cotspin operates one associated brand: Unitechspin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality yarns and fabrics using advanced spinning technology in India. | unitechspin.com |
Financials of Unitech Cotspin Limited
FY 2024 filings availableUnitech Cotspin Limited reported revenue of ₹66.46 Cr (down 17% YoY) for FY 2023.
Revenue · FY 2023
₹66.46 Cr ▼ 17%
Net profit · FY 2023
₹2.34 Cr margin 3.5%
EBITDA · FY 2023
₹9.02 Cr margin 13.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 17%
3 years · compounded
▼ 3%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 46%
5 years · compounded
▲ 13%
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 14% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹66.46 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.34 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | ||||
| Net Profit Margin | 3.5% | ||||
| 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 Unitech Cotspin Limited, buy the company report.
Board of directors and KMP of Unitech Cotspin Limited
Unitech Cotspin Limited currently reports 3 directors and 1 key managerial person. 14 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendrakumar Somabhai Patel Also directs: Aditri Ventures Private Limited | Managing Director | 05 May 2011 | 15 Years 5 Months | Current |
| Ashokbhai Popatbhai Lukhi | Cfo | 01 Nov 2017 | 8 Years 11 Months | Current |
| Jagdishbhai Muljibhai Lukhi | Director | 01 Oct 2013 | 13 Years 0 Months | Current |
| Aditya Patel Also directs: Aditri Ventures Private Limited, Somdeep Alloys Private Limited | Director | 19 Mar 2019 | 7 Years 7 Months | Current |
Auditor
Unitech Cotspin Limited is audited by Mukesh O. Parikh & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mukesh O. Parikh & Co. | FY 2023 | 106628W |
Shareholding
The shareholding of Unitech Cotspin Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Unitech Cotspin Limited, buy the company report.
Charges & borrowings
Open charges
₹120.77 Cr
Satisfied charges
₹71.08 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Nov 2021 | 100511688 | Hdfc Bank Limited | ₹15.79 Cr | Open | |
| 06 Feb 2021 | 100438101 | Hdfc Bank Limited | ₹8 Cr | Open | |
| 19 Mar 2020 | 100333105 | Hdfc Bank Limited | ₹47.95 Cr | Open | |
| 12 Sep 2019 | 100294226 | Hdfc Bank Limited | ₹49.03 Cr | Open | |
| 28 Jul 2011 | 10300965 | Bank of Baroda | ₹35.54 Cr | Satisfied |
To see the full charge records of Unitech Cotspin Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Unitech Cotspin Limited has 24 deals on record (20 secondary share transfers, 4 funding rounds), with disclosed funding of ₹14.23 Cr; the latest was in September 2018.
Total deals
24
Secondary share transfers
20
Funding rounds
4
Disclosed funding
₹14.23 Cr
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Nareshbhai Babubhai Vaghani HUF, 3 individuals Seller: 4 individuals |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: Nareshbhai Babubhai Vaghani HUF Seller: Success Hydroparts Private Limited |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: Nareshbhai Babubhai Vaghani HUF, Dharmeshbhai Manjibhai Vaghani HUF, Hareshbhai Manjibhai Vaghani HUF Seller: Success Hydroparts Private Limited , an individual |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: Dharmeshbhai Manjibhai Vaghani HUF, Hareshbhai Manjibhai Vaghani HUF, 2 individuals Seller: Success Hydroparts Private Limited , 3 individuals |
| Nov 2011 | Funding round | ₹1.5 Cr | Investors: Success Hydroparts Private Limited , 3 individuals |
To see the full deal history of Unitech Cotspin Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Unitech Cotspin Limited has 1 court case on record: 1 filed by Unitech Cotspin. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sabarkantha at Himmatnagar, Gujarat | Criminal miscellaneous application | Filed by the company against HDFC Bank Limited and 1 other | Pending |
To see the full case history of Unitech Cotspin 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
Unitech Cotspin Limited was last rated by Icra on 23 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 23 Feb 2022 |
To see the full credit ratings and regulatory alerts of Unitech Cotspin Limited, buy the company report.
MSME payment delays
Unitech Cotspin Limited has 2 MSME Form 1 returns on record between 2018 and 2019, listing 6 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| White Gold Cotton Testing Laboratory | |||
| Supreme Corrupack | |||
| Apco Agencies |
To see the full MSME payment records of Unitech Cotspin Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Unitech Cotspin Limited has a workforce of 63 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
63
Active EPFO establishments
1
Employee growth
31.25%
GST
Unitech Cotspin has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACU9349M1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Unitech Cotspin Limited, buy the company report.
Recent activity
Unitech Cotspin Limited has 16 board changes on record since 2010: 4 appointments and 12 cessations. The latest: Aditya Patel ceased to be Additional Director on 30 Sep 2019.
AGM
Unitech Cotspin Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Unitech Cotspin Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 47.95 Cr registered on 19 Mar 2020 with Charge ID 100333105 was modified on 28 Mar 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 49.03 Cr registered on 12 Sep 2019 with Charge ID 100294226 was modified on 13 Feb 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.79 Cr with Charge ID 100511688 was registered on 23 Nov 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 8.00 Cr with Charge ID 100438101 was registered on 06 Feb 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 47.95 Cr with Charge ID 100333105 was registered on 19 Mar 2020.
Charges
A charge registered on 28 Jul 2011 via Charge ID 10300965 with Bank Of Baroda was fully satisfied on 31 Dec 2019.
Charges
A charge registered on 27 Jul 2011 via Charge ID 10300963 with Bank Of Baroda was fully satisfied on 31 Dec 2019.
Ceased
Aditya Patel ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 49.03 Cr with Charge ID 100294226 was registered on 12 Sep 2019.
Appointed
Aditya Patel was appointed as Director.
19 earlier events are in the company report.
Frequently asked questions
Unitech Cotspin is an active public limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 October 2007 (19+ years old) and is registered under CIN U17120GJ2007PLC052072.
Unitech Cotspin has 4 current directors and KMP:
- Mahendrakumar Somabhai Patel - Managing Director
- Jagdishbhai Muljibhai Lukhi - Director
- Aditya Patel - Director
- Ashokbhai Popatbhai Lukhi - Cfo
The latest financial statements of Unitech Cotspin on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Unitech Cotspin is 24AAACU9349M1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Unitech Cotspin is U17120GJ2007PLC052072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Unitech Cotspin has 1 court case on record: 1 filed by the company. 1 is pending.
Unitech Cotspin was incorporated on 27 October 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Unitech Cotspin has 24 deals on record (20 secondary share transfers, 4 funding rounds), with disclosed funding of ₹14.23 Cr; the latest was in September 2018.
Aditya Patel ceased to be Additional Director on 30 Sep 2019. Aditya Patel was appointed as Director on 19 Mar 2019. Hareshbhai Mansukhbhai Dholariya ceased to be Director on 19 Mar 2019. Unitech Cotspin has 16 board changes on record in total.
Yes, Unitech Cotspin is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-21-0001006).
Unitech Cotspin has 2 MSME Form 1 returns on record between 2018 and 2019, listing 6 overdue payments to 6 micro and small suppliers. The latest return was filed on 08 Jun 2019.