Swastik Spintex Limited

Produces cotton yarn for various industries.

1994 | Indore, Madhya Pradesh (India) | Active
Last Updated: October 23, 2024

Swastik Spintex Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 5.11 Cr
  • Company Age 30 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1.32 Cr
  • Revenue Growth 17.56%
  • Profit Growth -197.31%
  • Ebitda -147.65%
  • Net Worth -17.49%
  • Total Assets -15.30%

About Swastik Spintex

Swastik Spintex Limited (SSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 13 October 1994 and has a history of 30 years and four months. Its registered office is in Indore, Madhya Pradesh.

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 6.00 Cr and a paid-up capital of Rs 5.11 Cr.

The company currently has active open charges totaling ₹1.32 Cr.

Vinod Rathi, Ghanshyam Rathi, Meetu Baheti, and One other member serve as directors at the Company.

Company Details

  • Location Indore, Madhya Pradesh
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    swastikindore.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17124MP1994PLC008721

  • Company No.

    008721

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    13 Oct 1994

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Gwalior

Industry

Manufacturing

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

Executive Team (2)

NameDesignationAppointment DateStatus
Vinod Rathi Country flag representing In Managing Director01-Oct-2007Current
Ghanshyam Rathi Country flag representing In Managing Director13-Oct-1994Current

Board Members (2)

NameDesignationAppointment DateStatus
Meetu Baheti Country flag representing In Whole-Time Director 20-Mar-2007Current
Ankit Rathi Country flag representing In Director 05-Apr-2022Current

Financial Performance of Swastik Spintex.

Swastik Spintex Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 17.56% increase. The company also saw a substantial fall in profitability, with a 197.31% decrease in profit. The company's net worth observed a substantial decline by a decrease of 17.49%.

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
17.56%
Revenue from Operations
19.10%
Total Assets
-15.30%
Profit or Loss
-197.31%
Net Worth
-17.49%
EBITDA
-147.65%

What is the Ownership and Shareholding Structure of Swastik Spintex?

In 2022, Swastik Spintex had a promoter holding of 45.32% and a public holding of 54.68%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1.32 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of India : 1.13 Cr
  • Icici Bank Limited : 0.12 Cr
  • Others : 0.07 Cr

Latest Charge Details

DateLenderAmountStatus
28 Apr 2017Others₹0.68 MOpen
08 Oct 2014Icici Bank Limited₹1.19 MOpen
19 Jul 1996State Bank Of India₹1.13 CrOpen

How Many Employees Work at Swastik Spintex?

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

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Swastik 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 Swastik 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 Swastik Spintex

Recent activity within the organization

  • Annual General Meeting

    Swastik Spintex Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Balance Sheet

    Swastik Spintex Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Gwalior.

    31 Mar 2023

  • Charges

    A charge with State Bank Of India of Rs. 1.13 Cr registered on 19 Jul 1996 with Charge ID 90203232 was modified on 13 Jun 2022.

    13 Jun 2022

  • Director Appointment

    Ankit Rathi was appointed as a Director was appointed as a Director on 05 Apr 2022 & has been associated with this company since 2 years 10 months .

    05 Apr 2022

  • Charges

    A charge with Others amounted to Rs. 0.07 Cr with Charge ID 100127338 was registered on 28 Apr 2017.

    28 Apr 2017

  • Charges

    A charge with Icici Bank Limited amounted to Rs. 0.12 Cr with Charge ID 10572643 was registered on 08 Oct 2014.

    08 Oct 2014

Frequently asked questions

  • Swastik Spintex Limited was incorporated on 13 Oct 1994.

  • The authorized share capital of Swastik Spintex Limited is ₹ 6.00 Cr and paid-up capital is ₹ 5.11 Cr.

  • Currently 4 directors are associated with Swastik Spintex Limited.

    • Vinod Kumar Rathi
    • Ghanshyam Rathi
    • Meetu Baheti
    • Ankit Rathi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Swastik Spintex Limited is 20Th Km Village Rajoda Post Solsinda Sanwer Road India, Indore, Madhya Pradesh.

  • The corporate identification number (CIN) of Swastik Spintex Limited is U17124MP1994PLC008721 and the company number is 008721 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Swastik Spintex Limited is https://www.swastikindore.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Swastik Spintex Limited has risen by 17.56%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Swastik Spintex Limited has experienced an downturn of -17.49%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Swastik Spintex Limited amount to ₹ 1.32 Cr.

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

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