Honest Yarn Private Limited

Manufactures cotton yarn and related textile products, including ginning, spinning, weaving, and dying.

2017 | Surendra Nagar, Gujarat (India) | Active
Last Updated:

Honest Yarn Profile

Key Indicators

  • Authorised Capital ₹ 4.00 Cr
  • Paid Up Capital ₹ 4.00 Cr
  • Company Age 8 Year, 18 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 2.15 Cr
  • Satisfied Charges ₹ 4.41 Cr
  • Revenue Growth 8.26%
  • Profit Growth -2216.10%
  • Ebitda -111.92%
  • Net Worth -40.72%
  • Total Assets -24.84%

About Honest Yarn

Honest Yarn Private Limited (HYPL) is a Private Limited Indian Non-Government Company incorporated in India on 26 April 2017 (Eight years 18 days old ). Its registered office is in Surendra Nagar, Gujarat, India.

The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 4.00 Cr and a paid-up capital of Rs 4.00 Cr.

The company currently has active open charges totaling ₹2.15 Cr. The company has closed loans amounting to ₹4.41 Cr, as per Ministry of Corporate Affairs (MCA) records.

Mansukhlal Maru, Aamirbhai Halai, Fanil Pithadia, and Three other members serve as directors at the Company.

Company Details

  • Location

    Surendra Nagar, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17309GJ2017PTC097107

  • Company No.

    097107

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 Apr 2017

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing
Company report

Honest Yarn Private Limited

Explore comprehensive data for Honest Yarn Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Honest Yarn?

Board Members (6)

NameDesignationAppointment DateStatus
Ilaben Sejpal Country flag representing In Director 26-Apr-2017Current
Mansukhlal Maru Country flag representing In Director 26-Apr-2017Current
Aamirbhai Halai Country flag representing In Director 26-Apr-2017Current
Fanil Pithadia Country flag representing In Director 26-Apr-2017Current
Saminraja Halani Country flag representing In Director 22-Mar-2018Current
Sahil Halani Country flag representing In Director 24-Feb-2023Current

Financial Performance of Honest Yarn.

Honest Yarn Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 8.26% increase. The company also saw a substantial fall in profitability, with a 2216.1% decrease in profit. The company's net worth observed a substantial decline by a decrease of 40.72%.

Honest Yarn revenue growth over time
Honest Yarn profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
8.26%
Revenue from Operations
8.38%
Total Assets
-24.84%
Profit or Loss
-2216.10%
Net Worth
-40.72%
EBITDA
-111.92%

What is the Ownership and Shareholding Structure of Honest Yarn?

In 2023, Honest Yarn had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2.15 Cr

Satisfied Charges

₹4.41 Cr

Charges Breakdown by Lending Institutions

  • Others : 2.15 Cr

Latest Charge Details

DateLenderAmountStatus
20 Feb 2024Others₹2.15 CrOpen
17 Jul 2017State Bank Of India₹4.41 CrSatisfied

How Many Employees Work at Honest Yarn?

Unlock and access historical data on people associated with Honest Yarn, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Honest Yarn Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Honest Yarn, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Honest Yarn's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Honest Yarn

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 2.15 Cr registered on 20 Feb 2024 with Charge ID 100881316 was modified on 21 Jun 2024.

  • Charges

    A charge registered on 17 Jul 2017 via Charge ID 100115703 with State Bank Of India was fully satisfied on 05 Apr 2024.

  • Charges

    A charge with Others amounted to Rs. 2.15 Cr with Charge ID 100881316 was registered on 20 Feb 2024.

  • Annual General Meeting

    Honest Yarn Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Honest Yarn Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

  • Charges

    A charge with State Bank Of India of Rs. 4.41 Cr registered on 17 Jul 2017 with Charge ID 100115703 was modified on 29 Apr 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Honest Yarn Private Limited?

    Honest Yarn Private Limited was incorporated on 26 Apr 2017.

  • What is authorized share capital and paid-up capital of Honest Yarn Private Limited?

    The authorized share capital of Honest Yarn Private Limited is ₹ 4.00 Cr and paid-up capital is ₹ 4.00 Cr.

  • Who are the current board members & directors of Honest Yarn Private Limited?

    Currently 6 directors are associated with Honest Yarn Private Limited.

    • Mansukhlal Maru
    • Aamirbhai Aslambhai Halai
    • Fanil Rajeshbhai Pithadia
    • Ilaben Bharatkumar Sejpal
    • Saminraja Fidahusen Halani
    • Sahil Joliali Halani

  • What is the registered address of Honest Yarn Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Honest Yarn Private Limited is At Navagam Taluka - Dist-Surendranagar India, Chotila, Gujarat, 363530.

  • What is the corporate identification number (CIN) and company number of Honest Yarn Private Limited?

    The corporate identification number (CIN) of Honest Yarn Private Limited is U17309GJ2017PTC097107 and the company number is 097107 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Honest Yarn Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Honest Yarn Private Limited has risen by 8.26%.

  • What change has been observed in the net worth of Honest Yarn Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Honest Yarn Private Limited has experienced an downturn of -40.72%.

  • What are the total open charges for Honest Yarn Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Honest Yarn Private Limited amount to ₹ 2.15 Cr.

  • When was the last Balance Sheet of Honest Yarn Private Limited filed with the ROC?

    The most recent Balance Sheet for Honest Yarn Private Limited was filed with the ROC on 31 Mar 2023.

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