Sumicot Profile
Key Indicators
- Authorised Capital ₹ 16.00 Cr
- Paid Up Capital ₹ 8.67 Cr
- Company Age 14 Year, 3 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 three 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
Appreal & Fashion
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.
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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)
Open Charges
₹168.02 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Sumicot
Recent activity within the organization
- Charges
A charge registered on 28 Oct 2021 via Charge ID 100501157 with Standard Chartered Bank was fully satisfied on 17 Oct 2024.
- Annual General Meeting
Sumicot Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Axis Bank Limited amounted to Rs. 67.63 Cr with Charge ID 100976611 was registered on 06 Sep 2024.
- Director Appointment
Pragya Daftari was appointed as a Director was appointed as a Director on 07 Aug 2024 & has been associated with this company since 6 months 25 days .
- Director Appointment
Shiv Kumar was appointed as a Director was appointed as a Director on 07 Aug 2024 & has been associated with this company since 6 months 25 days .
- Balance Sheet
Sumicot Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Frequently asked questions
What is the Incorporation or founding date of Sumicot Limited?
Sumicot Limited was incorporated on 25 Nov 2010.
What is authorized share capital and paid-up capital of Sumicot Limited?
The authorized share capital of Sumicot Limited is ₹ 16.00 Cr and paid-up capital is ₹ 8.67 Cr.
Who are the current board members & directors of Sumicot Limited?
Currently 5 directors are associated with Sumicot Limited.
- Rakesh Somani
- Sanjay Mangilal Lahoti
- Pragya Daftari
- Shiv Kumar
- Ritesh Rajkumar Somani
What is the registered address of Sumicot Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Sumicot Limited is Office No. 809 Rajhans Montessa Dumas Road, Vill.-Magdulla India, Surat, Gujarat, 395007.
What is the corporate identification number (CIN) and company number of Sumicot Limited?
The corporate identification number (CIN) of Sumicot Limited is U40106GJ2010PLC063028 and the company number is 063028 as per Ministry of Corporate Affairs (MCA).
What is the official website of Sumicot Limited?
The Official website of Sumicot Limited is https://www.sumicot.com
What has been the recent revenue trend for Sumicot Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Sumicot Limited has fallen by -34.03%.
How many employees does Sumicot Limited currently have?
As Per 2023 financial reports, 119 employees are currently employed by Sumicot Limited.
What change has been observed in the net worth of Sumicot Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Sumicot Limited has experienced an upsurge of 1.65%.
What are the total open charges for Sumicot Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Sumicot Limited amount to ₹ 168.02 Cr.
When was the last Balance Sheet of Sumicot Limited filed with the ROC?
The most recent Balance Sheet for Sumicot Limited was filed with the ROC on 31 Mar 2024.
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