Sumicot Profile
Key Indicators
- Authorised Capital ₹ 16.00 Cr
- Paid Up Capital ₹ 8.67 Cr
- Company Age 14 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 168.02 Cr
- Satisfied Charges ₹ 309.83 Cr
- Revenue Growth -34.03%
- Profit Growth -87.16%
- Ebitda -63.55%
- Net Worth 1.65%
- Total Assets 6.74%
About Sumicot
Sumicot Limited (SL) is a leading Public Limited Indian Non-Government Company incorporated in India on 25 November 2010 and has a history of 14 years and two months. Its registered office is in Surat, Gujarat, India.
The Corporate was formerly known as Sumicot Limited. The Company is engaged in the Appreal & Fashion Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 16.00 Cr and a paid-up capital of Rs 8.67 Cr.
The company currently has active open charges totaling ₹168.02 Cr. The company has closed loans amounting to ₹309.83 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rakesh Somani, Sanjay Lahoti, Pragya Daftari, and Two other members serve as directors at the Company.
Company Details
- Location
Surat, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40106GJ2010PLC063028
- Company No.
063028
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
25 Nov 2010
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
What products or services does Sumicot Limited offer?
Sumicot Limited offers a wide range of products and services, including Cotton Yarn, Crochet Cotton Yarn, Cotton Textile, Cotton Knit Fabric, Apparel Fabrics & Clothing Textiles, Waste Fabric Cloth, Jersey & Knitted Fabric, Comber Noil, Yarns & Threads, Natural Fiber Yarns.
Who are the key members and board of directors at Sumicot?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rakesh Somani  | Managing Director | 25-Nov-2010 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sanjay Lahoti | Director | 30-Nov-2019 | Current |
| Pragya Daftari | Director | 07-Aug-2024 | Current |
| Shiv Kumar | Director | 07-Aug-2024 | Current |
| Ritesh Somani | Director | 30-Nov-2019 | Current |
Financial Performance of Sumicot.
Sumicot Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 34.03% decrease. The company also saw a substantial fall in profitability, with a 87.16% decrease in profit. The company's net worth moved up by a moderate rise of 1.65%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Sumicot?
In 2023, Sumicot had a promoter holding of 90.13% and a public holding of 9.87%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Fs Wealth Management LlpRakesh Somani is a mutual person
- Longevity Vision Llp
Rakesh Somani is a mutual person
- Sumicot Apparels Private Limited
Rakesh Somani is a mutual person
- Bhoomeka Processors Private Limited
Rakesh Somani and Ritesh Somani are mutual person
- Rakesh Industries Private Limited
Rakesh Somani and Ritesh Somani are mutual person
Charges (Loans)
₹168.02 Cr
₹309.83 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 167.90 Cr
- Others : 0.12 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Sep 2024 | Axis Bank Limited | ₹67.63 Cr | Open |
| 22 Dec 2023 | Axis Bank Limited | ₹75.27 Cr | Open |
| 24 Apr 2023 | Axis Bank Limited | ₹25.00 Cr | Open |
| 30 Jan 2019 | Others | ₹1.17 M | Open |
| 17 Nov 2021 | Standard Chartered Bank | ₹13.03 Cr | Satisfied |
How Many Employees Work at Sumicot?
Sumicot has a workforce of 119 employees as of Mar 29, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Sumicot, 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 Sumicot's trajectory.
Rating
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
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.
