About Unitex Apparels Private Limited
Data last updated:
Unitex Apparels Private Limited is a private limited company based in Bangalore, Karnataka, 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 designer and branded fashion segment of the fashion and textiles sector. It was incorporated on 10 November 1994.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U18101KA1994PTC016528. Its GSTIN is 29AAACU5711H2ZB (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4.6 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Unitex Apparel Private Limited. It is led by directors including Rajeev Heragu Raghavan and Raghu Shivani Ganeshrao.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at No. 24 Pete Channappa Industrial Estate Sumanahalli Circle Kamakshipalya, Bangalore, Karnataka, India – 560079.
As per the financials filed for FY 2015, the company reported a revenue of ₹126.86 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹3.84 Cr (net margin 3%) and EBITDA of ₹12.54 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹109.9 Cr and satisfied charges of ₹52.69 Cr on record. Court records list 254 cases involving the company, including 21 filed by the company and 233 filed against it; 32 cases are pending.
The last known website on record is unitexapparels.com.
Company details
Contact details
Unitex Apparels Private Limited's registered office is in Bangalore, Karnataka. Its website is unitexapparels.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo. 24 Pete Channappa Industrial Estate Sumanahalli Circle Kamakshipalya, Bangalore, Karnataka, India – 560079
- IndustryFashion and Textile, Designer & Branded Fashion
To see the full contact details of Unitex Apparels 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 Unitex Apparels Private Limited
FY 2015 filings availableUnitex Apparels Private Limited reported revenue of ₹126.86 Cr (up 22% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over three years, including 22% growth in the latest year. EBITDA rose 28% 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹126.86 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹12.54 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹3.84 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 9.9% |
| Net Profit Margin | 3% |
| 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 Unitex Apparels Private Limited, buy the company report.
Board of directors of Unitex Apparels Private Limited
Unitex Apparels has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paniyadi Gururaj Upadhya Also directs: Snow White Laundrette Private Limited | Additional Director | 13 Nov 2010 | 15 Years 11 Months | As last reported |
| Ramesh Chandrashekar Also directs: Snow White Laundrette Private Limited | Additional Director | 13 Nov 2010 | 15 Years 11 Months | As last reported |
| Rajeev Heragu Raghavan | Director | 01 Jun 2007 | 19 Years 4 Months | As last reported |
| Raghu Shivani Ganeshrao | Director | 11 Sep 2002 | 24 Years 1 Months | As last reported |
Auditor
Unitex Apparels Private Limited is audited by S S K & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S K & ASSOCIATES | FY 2015 | 012349S |
Shareholding
The shareholding of Unitex Apparels Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Unitex Apparels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 2013 | 10417488 | Others | ₹57.4 Cr | Open | |
| 19 Jul 2012 | 10375141 | Others | ₹52.5 Cr | Open | |
| 17 Jan 2011 | 10268015 | Ing Vysya Bank Limited | ₹13.68 Cr | Satisfied | |
| 13 Feb 2009 | 10143803 | Andhra Bank | ₹7.7 Cr | Satisfied | |
| 31 Oct 2008 | 10129181 | Andhra Bank | ₹90 Lakh | Satisfied |
To see the full charge records of Unitex Apparels Private Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Unitex Apparels Private Limited has 254 court cases on record: 21 filed by Unitex Apparels, 233 filed against it. 32 cases are pending and 222 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 239 | 223 | 29 |
| High courts | 13 | 8 | 3 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 254)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Triburg Consultants Pvt. Ltd. | Pending |
| District court, BENGALURU, Karnataka | Court case (P.MIS.) | Filed by the company against M/S Triburg Sportswear Pvt Ltd and 1 other | Pending |
| High Court, KARNATAKA | Court case (CRL.P) | Filed against the company by Kuehne Nagel Private Limited | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by M/S Madura Coats Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Blue Blends (India) Ltd | Disposed |
To see the full case history of Unitex Apparels 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 Unitex Apparels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Unitex Apparels Private Limited has a workforce of 3 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Unitex Apparels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACU5711H2ZB | Karnataka | Active | 27 Jan 2021 |
To see the full GST registrations and return filing status of Unitex Apparels Private Limited, buy the company report.
Recent activity
Unitex Apparels Private Limited has 8 board changes on record since 2002: 4 appointments and 4 cessations. The latest: Ramesh Chandrashekar ceased to be Additional Director on 17 Sep 2018.
36 earlier events are in the company report.
Frequently asked questions
Unitex Apparels 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.
Unitex Apparels is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in designer and branded fashion, within the fashion and textile industry. It was incorporated on 10 November 1994 and is registered under CIN U18101KA1994PTC016528. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Unitex Apparels has 4 current directors:
- Paniyadi Gururaj Upadhya - Additional Director
- Ramesh Chandrashekar - Additional Director
- Rajeev Heragu Raghavan - Director
- Raghu Shivani Ganeshrao - Director
The latest financial statements of Unitex Apparels on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Unitex Apparels is U18101KA1994PTC016528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Unitex Apparels has open charges of ₹109.9 Cr and satisfied charges of ₹52.69 Cr as per latest MCA filings.
Unitex Apparels has 254 court cases on record: 21 filed by the company and 233 filed against it. 32 are pending. Most are in the district courts.
Unitex Apparels was incorporated on 10 November 1994. It is registered with the Registrar of Companies, Bangalore.
Ramesh Chandrashekar ceased to be Additional Director on 17 Sep 2018. Paniyadi Gururaj Upadhya was appointed as Additional Director on 13 Nov 2010. Ramesh Chandrashekar was appointed as Additional Director on 13 Nov 2010. Unitex Apparels has 8 board changes on record in total.
Unitex Apparels can be reached through the website unitexapparels.com. Its registered office is in Bangalore, Karnataka, India.