Vishnu Textiles Limited
About Vishnu Textiles Limited
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Vishnu Textiles Limited is a public limited company based in Karnataka, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 11 July 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U18101KA1979PLC003565. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Sevugan Chettiar Ramasamy (Managing Director) and Jothi Ramasamy.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Kampalapura Periyapatnataluk Mysore District., Karnataka, India.
As per the financials filed for FY 2018, the company reported a revenue of ₹15.9 Lakh, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹9.38 Lakh (net margin -59%) and EBITDA of ₹9.56 Lakh (EBITDA margin 60.1%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years.
As per MCA filings, the company has open charges of ₹1.6 Cr on record. Court records list 44 cases involving the company, including 17 filed by the company and 28 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Vishnu Textiles Limited's registered office is in Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressKampalapura Periyapatnataluk Mysore District., Karnataka, India
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Vishnu Textiles 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 Vishnu Textiles Limited
FY 2018 filings availableVishnu Textiles Limited reported revenue of ₹15.9 Lakh (down 62% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 74% over three years, including a 62% fall in the latest year. EBITDA fell 1% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Total Expenses | ||||
| EBITDA | ₹9.56 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹9.38 Lakh | |||
| Balance Sheet | ||||
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| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | ||||
| EBITDA Margin | 60.1% | |||
| Net Profit Margin | -59% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Vishnu Textiles Limited, buy the company report.
Board of directors of Vishnu Textiles Limited
Vishnu Textiles has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sevugan Chettiar Ramasamy Also directs: Jothees Spinners (OPC) Private Limited | Managing Director | 16 Aug 1991 | 35 Years 2 Months | Current |
| Jothi Ramasamy | Director | 30 Nov 2004 | 21 Years 10 Months | Current |
| Girish Ramaswamy | Director | 30 Nov 2004 | 21 Years 10 Months | Current |
Auditor
Vishnu Textiles Limited is audited by VRDAnd Company for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VRDAnd Company | FY 2016 | 004476S |
Shareholding
The shareholding of Vishnu Textiles 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 Vishnu Textiles Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 1988 | 90380940 | State Bank of India | ₹4.4 Lakh | Open | |
| 27 Jun 1988 | 90381209 | Bank of Baroda | ₹10 Lakh | Open | |
| 07 Sep 1987 | 90381194 | Indian Bank | ₹7.5 Lakh | Open | |
| 28 Apr 1987 | 90381183 | State Bank of India | ₹39.07 Lakh | Open | |
| 08 Sep 1986 | 90381175 | Indian Bank | ₹2 Lakh | Open |
To see the full charge records of Vishnu Textiles Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Vishnu Textiles Limited has 44 court cases on record: 17 filed by Vishnu Textiles, 28 filed against it. 1 case is pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 22 | 1 |
| High courts | 18 | 6 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, MYSURU, Karnataka | Court case (Ref) | Filed against the company by Vishnu Textiles Ltd., Employees Union by Its Vice-President Sreekantachari. | Disposed |
| District court, MYSURU, Karnataka | Court case (Ref) | Filed by the company against Ms Vishnu Textiles Ltd., | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The Mangalore Electricity Supply Company Ltd | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by Textool Company Limited | Disposed |
| District court, MYSURU, Karnataka | Civil suit | Filed against the company by individuals | Pending |
To see the full case history of Vishnu Textiles 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 Vishnu Textiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vishnu Textiles Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Vishnu Textiles has 2 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 Vishnu Textiles Limited, buy the company report.
Recent activity
Vishnu Textiles Limited has 3 board changes on record since 1991: 3 appointments. The latest: Girish Ramaswamy was appointed as Director on 30 Nov 2004.
10 earlier events are in the company report.
Frequently asked questions
Vishnu Textiles is an active public limited company based in Karnataka, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 11 July 1979 (47+ years old) and is registered under CIN U18101KA1979PLC003565.
Vishnu Textiles has 3 current directors:
- Sevugan Chettiar Ramasamy - Managing Director
- Jothi Ramasamy - Director
- Girish Ramaswamy - Director
The latest financial statements of Vishnu Textiles on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
No. Vishnu Textiles has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Vishnu Textiles is U18101KA1979PLC003565. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vishnu Textiles has 44 court cases on record: 17 filed by the company and 28 filed against it. 1 is pending. Most are in the district courts.
Vishnu Textiles was incorporated on 11 July 1979, making it 47+ years old. It is registered with the Registrar of Companies, Bangalore.
Girish Ramaswamy was appointed as Director on 30 Nov 2004. Jothi Ramasamy was appointed as Director on 30 Nov 2004. Sevugan Chettiar Ramasamy was appointed as Managing Director on 16 Aug 1991.
The registered office of Vishnu Textiles is at Kampalapura Periyapatnataluk Mysore District., Karnataka, India.
Vishnu Textiles operates in the manufacturing industry, in the textile and fabric production segment.