Yug Weave Tech Private Limited
About Yug Weave Tech Private Limited
Data last updated:
Yug Weave Tech Private Limited is a private limited company based in Surat, Gujarat, 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 07 January 2015.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2015PTC081783. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kantibahi Laxmanbhai Dhanani and Bharatbhai Jethabhai Mavani.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 405 Dharti Complex Varachha Road, Surat, Gujarat, India – 395006.
As per the financials filed for FY 2017, the company reported a revenue of ₹4.57 Cr, a growth of 83% compared to the previous year. For the same year it recorded a net loss of ₹73.28 Lakh (net margin -16%) and EBITDA of ₹92.55 Lakh (EBITDA margin 20.3%).
As per MCA filings, the company has open charges of ₹7.49 Cr on record. Court records list 16 cases involving the company, including 6 filed by the company and 10 filed against it; 2 cases are pending.
Company details
Contact details
Yug Weave Tech Private Limited's registered office is in Surat, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address405 Dharti Complex Varachha Road, Surat, Gujarat, India – 395006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Yug Weave Tech 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 Yug Weave Tech 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 Yug Weave Tech Private Limited, buy the company report.
Financials of Yug Weave Tech Private Limited
FY 2017 filings availableYug Weave Tech Private Limited reported revenue of ₹4.57 Cr (up 83% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 83% in the latest year. EBITDA fell 13% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹92.55 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹73.28 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
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| Trade Payables | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 20.3% | ||
| Net Profit Margin | -16% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| 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 Yug Weave Tech Private Limited, buy the company report.
Board of directors of Yug Weave Tech Private Limited
Yug Weave Tech has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kantibahi Laxmanbhai Dhanani Also directs: Yug Yarn Private Limited | Director | 07 Jan 2015 | 11 Years 9 Months | As last reported |
| Bharatbhai Jethabhai Mavani Also directs: Yug Yarn Private Limited | Director | 07 Jan 2015 | 11 Years 9 Months | As last reported |
Peer comparison
Yug Weave Tech Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Shiv Techfabs Private Limited | ₹4.58 Cr (FY 2025) | 1.0% | Thane, Maharashtra, India | |||
| Rx3 Clothing Private Limited | ₹4.58 Cr (FY 2024) | 16.0% | Ahmedabad, Gujarat, India | |||
| T.Dolly Dresses Private Limited | ₹4.58 Cr (FY 2025) | -53.0% | Kolkata, West Bengal, India | |||
| Hello Baby Fashion Private Limited | ₹4.58 Cr (FY 2022) | -20.0% | Delhi, India | |||
| Yug Weave Tech Private Limitedthis company | ₹4.57 Cr (FY 2017) | -₹73.28 Lakh | -16% | 83.0% | Surat, Gujarat, India | |
| Divin Sulz Fab Private Limited | ₹4.57 Cr (FY 2025) | -46.0% | Bhilwara, Rajasthan, India |
To see the full peer comparison of Yug Weave Tech Private Limited, buy the company report.
Auditor
Yug Weave Tech Private Limited is audited by H. N. C. P. & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H. N. C. P. & Co. | FY 2015 |
Shareholding
The shareholding of Yug Weave Tech Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Yug Weave Tech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2015 | 10576523 | The Nasik Merchant Co.Op. Bank Limited | ₹7.49 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Yug Weave Tech Private Limited has 16 court cases on record: 6 filed by Yug Weave Tech, 10 filed against it. 2 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 9 | 3 | 1 |
| District courts | 5 | 5 | 1 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Kuber Texten Pvt. Ltd | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by The Nasik Merchants Co-Operative Bank Limited | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by The Nasik Merchants Co-Operative Bank Limited | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by The Nasik Merchants Co-Operative Bank Limited | Disposed |
To see the full case history of Yug Weave Tech 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 Yug Weave Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Yug Weave Tech 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 Yug Weave Tech Private Limited, buy the company report.
Recent activity
Yug Weave Tech Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Bharatbhai Jethabhai Mavani was appointed as Director on 07 Jan 2015.
Frequently asked questions
Yug Weave Tech 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.
Yug Weave Tech is a company under liquidation, formerly operating as a private limited company based in Surat, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 07 January 2015 and is registered under CIN U17120GJ2015PTC081783. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Yug Weave Tech has 2 current directors:
- Kantibahi Laxmanbhai Dhanani - Director
- Bharatbhai Jethabhai Mavani - Director
The latest financial statements of Yug Weave Tech on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Yug Weave Tech is U17120GJ2015PTC081783. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yug Weave Tech has open charges of ₹7.49 Cr and no satisfied charges on record as per latest MCA filings.
Yug Weave Tech has 16 court cases on record: 6 filed by the company and 10 filed against it. 2 are pending. Most are in the nclt.
Yug Weave Tech was incorporated on 07 January 2015. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Yug Weave Tech by revenue are Shiv Techfabs Private Limited, Rx3 Clothing Private Limited, T.Dolly Dresses Private Limited, Hello Baby Fashion Private Limited, Divin Sulz Fab Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Bharatbhai Jethabhai Mavani was appointed as Director on 07 Jan 2015. Kantibahi Laxmanbhai Dhanani was appointed as Director on 07 Jan 2015.
The registered office of Yug Weave Tech is at 405 Dharti Complex Varachha Road, Surat, Gujarat, India – 395006.
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