Textrade International Limited

Manufacturer of home textile products for major retailers, with a large manufacturing unit in Surat.

2004 | Mumbai, Maharashtra (India) | Under Insolvency
Last Updated: January 18, 2025

Textrade International Profile

Key Indicators

  • Authorised Capital ₹ 11.00 Cr
  • Paid Up Capital ₹ 10.46 Cr
  • Company Age 20 Year, 7 Months
  • Last Filing with ROC 31 Mar 2020
  • Open Charges ₹ 424.55 Cr
  • Satisfied Charges ₹ 304.70 Cr
  • Revenue Growth -38.15%
  • Profit Growth -5775.33%
  • Ebitda -214.84%
  • Net Worth -65.18%
  • Total Assets -24.90%

About Textrade International

Textrade International Limited (TIL) is Under Cirp company established on 23 Jun 2004 with its office registered at Mumbai, Maharashtra, India and has been running since 20 Year, 7 Months with a paid up capital of 10.46 Cr. According to MCA records, 4 Directors and 2 Signatories are linked to this company as of 18 Jan 2025.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U74110MH2004PLC147108

  • Company No.

    147108

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    23 Jun 2004

  • Date of AGM

    14 Apr 2021

  • Date of Balance Sheet

    31 Mar 2020

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Consumer Goods

What products or services does Textrade International Limited offer?

Textrade International Limited offers a wide range of products and services, including Bed Linen & Bedspreads, Bedding Set.

Who are the key members and board of directors at Textrade International?

Executive Team (3)

Name Designation Appointment Date Status
Anish Doshi Country flag representing In Managing Director 11-Jul-2007 Current
Dimpal Country flag representing In Company Secretary 01-Oct-2017 Current
Bipin Doshi Country flag representing In CFO 02-Mar-2015 Current

Board Members (2)

Name Designation Appointment Date Status
Mohd Salim Country flag representing In Director 23-May-2019 Current
Divya Reejwani Country flag representing In Director 11-Jul-2019 Current

Financial Performance of Textrade International.

Textrade International Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 38.15% decrease. The company also saw a substantial fall in profitability, with a 5775.33% decrease in profit. The company's net worth observed a substantial decline by a decrease of 65.18%.

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
-38.15%
Revenue from Operations
-38.12%
Total Assets
-24.90%
Profit or Loss
-5775.33%
Net Worth
-65.18%
EBITDA
-214.84%

What is the Ownership and Shareholding Structure of Textrade International?

In 2019, Textrade International had a promoter holding of 82.61% and a public holding of 17.39%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹424.55 Cr

Satisfied Charges

₹304.70 Cr

Charges Breakdown by Lending Institutions

  • Canara Bank : 416.20 Cr
  • Hdfc Bank Limited : 3.00 Cr
  • Indian Overseas Bank : 3.00 Cr
  • Others : 2.35 Cr

Latest Charge Details

Date Lender Amount Status
18 Mar 2019 Canara Bank ₹4.00 Cr Open
18 Jul 2017 Indian Overseas Bank ₹3.00 Cr Open
06 Oct 2016 Hdfc Bank Limited ₹3.00 Cr Open
07 Sep 2015 Others ₹2.35 Cr Open
26 Mar 2015 Canara Bank ₹206.10 Cr Open

How Many Employees Work at Textrade International?

Textrade International has a workforce of 59 employees as of Apr 05, 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 Textrade International, 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 Textrade International'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 Textrade International

Recent activity within the organization

  • Annual General Meeting

    Textrade International Limited last Annual general meeting of members was held on 14 Apr 2021 as per latest MCA records.

    14 Apr 2021

  • Balance Sheet

    Textrade International Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Mumbai.

    31 Mar 2020

  • Charges

    A charge with Canara Bank of Rs. 4.00 Cr registered on 18 Mar 2019 with Charge ID 100259305 was modified on 10 Jan 2020.

    10 Jan 2020

  • Director Appointment

    Divya Reejwani was appointed as a Director was appointed as a Director on 11 Jul 2019 & has been associated with this company since 5 years 6 months .

    11 Jul 2019

  • Director Appointment

    Mohd Shahim Kondkari Salim was appointed as a Director was appointed as a Director on 23 May 2019 & has been associated with this company since 5 years 8 months .

    23 May 2019

  • Charges

    A charge with Canara Bank amounted to Rs. 4.00 Cr with Charge ID 100259305 was registered on 18 Mar 2019.

    18 Mar 2019

Frequently asked questions

  • Textrade International Limited was incorporated on 23 Jun 2004.

  • The authorized share capital of Textrade International Limited is ₹ 11.00 Cr and paid-up capital is ₹ 10.46 Cr.

  • Currently 6 directors are associated with Textrade International Limited.

    • Anish Bipin Doshi
    • Mohd Shahim Kondkari Salim
    • Divya Reejwani
    • Dimpal
    • Bipin Jethalal Doshi
    • Bipin Jethalal Doshi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Textrade International Limited is 10/11 Shivai Indl Estate89 Kurla-Andheri Road Sakinaka Andheri (E) India, Mumbai, Maharashtra, 400072.

  • The corporate identification number (CIN) of Textrade International Limited is U74110MH2004PLC147108 and the company number is 147108 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Textrade International Limited is https://www.textradeinternational.com

  • According to the financial reports for the fiscal year 2019, the revenue trend for Textrade International Limited has fallen by -38.15%.

  • As Per 2019 financial reports, 59 employees are currently employed by Textrade International Limited.

  • The financial reports for the fiscal year 2019 indicates that The net worth of Textrade International Limited has experienced an downturn of -65.18%.

  • As per the financial statements for fiscal Year 2019, The total open charges for Textrade International Limited amount to ₹ 424.55 Cr.

  • The most recent Balance Sheet for Textrade International Limited was filed with the ROC on 31 Mar 2020.

People also Viewed

Similar Companies Based on Home Furnishings Manufacturing