Unitech Cotspin Limited

Manufactures cotton yarn and related products with large production capacity in Gujarat.

2007 | Ahmedabad, Gujarat (India) | Active
Last Updated: November 16, 2024

Unitech Cotspin Profile

Key Indicators

  • Authorised Capital ₹ 14.00 Cr
  • Paid Up Capital ₹ 14.00 Cr
  • Company Age 17 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 120.77 Cr
  • Satisfied Charges ₹ 71.08 Cr
  • Revenue Growth -17.48%
  • Profit Growth -13.10%
  • Ebitda 13.70%
  • Net Worth 19.58%
  • Total Assets 0.46%

About Unitech Cotspin

Unitech Cotspin Limited (UCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 27 October 2007 and has a history of 17 years and three months. Its registered office is in Ahmedabad, Gujarat, 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 14.00 Cr and a paid-up capital of Rs 14.00 Cr.

The company currently has active open charges totaling ₹120.77 Cr. The company has closed loans amounting to ₹71.08 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Unitech Cotspin Limited India is Ashokbhai Lukhi as CFO. Mahendrakumar Patel, Jagdishbhai Lukhi, Ashokbhai Lukhi, and One other member serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U17120GJ2007PLC052072

  • Company No.

    052072

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    27 Oct 2007

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing

Who are the key members and board of directors at Unitech Cotspin?

Executive Team (2)

NameDesignationAppointment DateStatus
Mahendrakumar Patel Country flag representing In Managing Director05-May-2011Current
Ashokbhai Lukhi Country flag representing In CFO01-Nov-2017Current

Board Members (3)

NameDesignationAppointment DateStatus
Jagdishbhai Lukhi Country flag representing In Director 01-Oct-2013Current
Ashokbhai Lukhi Country flag representing In Director and Cfo 24-Mar-2016Current
Aditya Patel Country flag representing In Director 19-Mar-2019Current

Financial Performance of Unitech Cotspin.

Unitech Cotspin Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 17.48% decrease. The company also saw a substantial fall in profitability, with a 13.1% decrease in profit. The company's net worth Soared by an impressive increase of 19.58%.

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
-17.48%
Revenue from Operations
-17.03%
Total Assets
0.46%
Profit or Loss
-13.10%
Net Worth
19.58%
EBITDA
13.70%

What is the Ownership and Shareholding Structure of Unitech Cotspin?

In 2023, Unitech Cotspin had a promoter holding of 61.58% and a public holding of 38.42%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹120.77 Cr

Satisfied Charges

₹71.08 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 120.77 Cr

Latest Charge Details

DateLenderAmountStatus
23 Nov 2021Hdfc Bank Limited₹15.79 CrOpen
06 Feb 2021Hdfc Bank Limited₹8.00 CrOpen
19 Mar 2020Hdfc Bank Limited₹47.95 CrOpen
12 Sep 2019Hdfc Bank Limited₹49.03 CrOpen
28 Jul 2011Bank Of Baroda₹35.54 CrSatisfied

How Many Employees Work at Unitech Cotspin?

Unitech Cotspin has a workforce of 63 employees as of Apr 08, 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 Unitech Cotspin, 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 Unitech Cotspin'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 Unitech Cotspin

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 47.95 Cr registered on 19 Mar 2020 with Charge ID 100333105 was modified on 28 Mar 2024.

    28 Mar 2024

  • Charges

    A charge with Hdfc Bank Limited of Rs. 49.03 Cr registered on 12 Sep 2019 with Charge ID 100294226 was modified on 13 Feb 2024.

    13 Feb 2024

  • Annual General Meeting

    Unitech Cotspin Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Unitech Cotspin Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 15.79 Cr with Charge ID 100511688 was registered on 23 Nov 2021.

    23 Nov 2021

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 8.00 Cr with Charge ID 100438101 was registered on 06 Feb 2021.

    06 Feb 2021

Frequently asked questions

  • Unitech Cotspin Limited was incorporated on 27 Oct 2007.

  • The authorized share capital of Unitech Cotspin Limited is ₹ 14.00 Cr and paid-up capital is ₹ 14.00 Cr.

  • Currently 5 directors are associated with Unitech Cotspin Limited.

    • Mahendrakumar Somabhai Patel
    • Jagdishbhai Muljibhai Lukhi
    • Ashokbhai Popatbhai Lukhi
    • Ashokbhai Popatbhai Lukhi
    • Aditya Patel
  • As per Ministry of Corporate Affairs (Mca), the registered address of Unitech Cotspin Limited is B-212 Galaxy Business Park Opp.Torrent Sub Station Nr. Kathwada Gidc Sardar Patel Ring Roa D Nikol, India, Ahmedabad, Gujarat, 382350.

  • The corporate identification number (CIN) of Unitech Cotspin Limited is U17120GJ2007PLC052072 and the company number is 052072 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Unitech Cotspin Limited is https://www.unitechcotspinltd.business.site

  • According to the financial reports for the fiscal year 2023, the revenue trend for Unitech Cotspin Limited has fallen by -17.48%.

  • As Per 2023 financial reports, 63 employees are currently employed by Unitech Cotspin Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Unitech Cotspin Limited has experienced an upsurge of 19.58%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Unitech Cotspin Limited amount to ₹ 120.77 Cr.

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

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