Sumati Spintex Private Limited

Manufacturer and exporter of organic and dyed cotton yarn with large production capacity.

2013 | Mumbai, Maharashtra (India) | Active
Last Updated: June 16, 2024

Sumati Spintex Profile

Key Indicators

  • Authorised Capital ₹ 12.00 Cr
  • Paid Up Capital ₹ 11.95 Cr
  • Company Age 11 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 148.23 Cr
  • Satisfied Charges ₹ 7.85 Cr
  • Revenue Growth -24.12%
  • Profit Growth -95.08%
  • Ebitda -39.23%
  • Net Worth 1.90%
  • Total Assets 7.67%

About Sumati Spintex

Sumati Spintex Private Limited (SSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 29 March 2013 and has a history of 11 years and ten months. Its registered office is in Mumbai, Maharashtra, 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 12.00 Cr and a paid-up capital of Rs 11.95 Cr.

The company currently has active open charges totaling ₹148.23 Cr. The company has closed loans amounting to ₹7.85 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Sumati Spintex Private Limited India is Sunil Giri as COMPANY SECRETARY. Ashok Kumar, Priya Jain, Mukesh Bagadia, and Two other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17120MH2013PTC241489

  • Company No.

    241489

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    29 Mar 2013

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

Who are the key members and board of directors at Sumati Spintex?

Executive Team (2)

Name Designation Appointment Date Status
Sunil Giri Company Secretary 01-Apr-2021 Current
Ganpath Jain Country flag representing In Managing Director 29-Mar-2013 Current

Board Members (4)

Name Designation Appointment Date Status
Ashok Kumar Country flag representing In Director 01-Jun-2013 Current
Priya Jain Country flag representing In Director 03-Sep-2022 Current
Mukesh Bagadia Country flag representing In Director 01-Mar-2017 Current
Pranay Maurya Country flag representing In Director 01-Jun-2013 Current

Financial Performance of Sumati Spintex.

Sumati Spintex Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 24.12% decrease. The company also saw a substantial fall in profitability, with a 95.08% decrease in profit. The company's net worth moved up by a moderate rise of 1.9%.

Graph illustrating revenue growth over time
Graph showing 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
-24.12%
Revenue from Operations
-25.10%
Total Assets
7.67%
Profit or Loss
-95.08%
Net Worth
1.90%
EBITDA
-39.23%

What is the Ownership and Shareholding Structure of Sumati Spintex?

In 2023, Sumati Spintex had a promoter holding of 16.05% and a public holding of 83.96%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹148.23 Cr

Satisfied Charges

₹7.85 Cr

Charges Breakdown by Lending Institutions

  • Others : 148.23 Cr

Latest Charge Details

Date Lender Amount Status
31 Oct 2023 Others ₹5.00 Cr Open
31 Oct 2023 Others ₹25.00 Cr Open
04 May 2023 Others ₹4.67 Cr Open
04 Feb 2023 Others ₹7.00 Cr Open
04 Feb 2023 Others ₹9.00 Cr Open

How Many Employees Work at Sumati Spintex?

Sumati Spintex has a workforce of 198 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sumati Spintex, 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 Sumati Spintex'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 Sumati Spintex

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 5.00 Cr registered on 31 Oct 2023 with Charge ID 100814963 was modified on 14 Feb 2024.

    14 Feb 2024

  • Charges

    A charge with Others of Rs. 25.00 Cr registered on 31 Oct 2023 with Charge ID 100814965 was modified on 14 Feb 2024.

    14 Feb 2024

  • Charges

    A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100814963 was registered on 31 Oct 2023.

    31 Oct 2023

  • Charges

    A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100814965 was registered on 31 Oct 2023.

    31 Oct 2023

  • Annual General Meeting

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

    30 Sep 2023

  • Charges

    A charge with Others amounted to Rs. 4.67 Cr with Charge ID 100724083 was registered on 04 May 2023.

    04 May 2023

Frequently asked questions

  • Sumati Spintex Private Limited was incorporated on 29 Mar 2013.

  • The authorized share capital of Sumati Spintex Private Limited is ₹ 12.00 Cr and paid-up capital is ₹ 11.95 Cr.

  • Currently 6 directors are associated with Sumati Spintex Private Limited.

    • Ashok Kumar
    • Priya Ganpath Jain
    • Mukesh Chandulal Bagadia
    • Pranay Maurya
    • Sunil Ramyagya Giri
    • Ganpath Ratanchand Jain
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sumati Spintex Private Limited is 323 Hari Om Plaza M.G. Road Opp. National Park Borivali (East), Mumbai, Maharashtra, India, 400066.

  • The corporate identification number (CIN) of Sumati Spintex Private Limited is U17120MH2013PTC241489 and the company number is 241489 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Sumati Spintex Private Limited is https://www.sumatispintex.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Sumati Spintex Private Limited has fallen by -24.12%.

  • As Per 2023 financial reports, 198 employees are currently employed by Sumati Spintex Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Sumati Spintex Private Limited has experienced an upsurge of 1.90%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Sumati Spintex Private Limited amount to ₹ 148.23 Cr.

  • The most recent Balance Sheet for Sumati Spintex Private Limited was filed with the ROC on 31 Mar 2023.

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