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GARDEN SILK MILLS PRIVATE LIMITED

Active
Updated: 21 Oct 2024

Garden Silk Mills Private Limited, is a listed private company incorporated on 23 July, 1979. It is classified as a private limited company and is located in Kolkata, West Bengal. It's authorized share capital is INR 400.00 cr and the total paid-up capital is INR 318.00 cr.

Garden Silk Mills's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has decreased by 167.34% over the previous year. At the same time, it's book networth has decreased by 11.68%.

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Industry

Manufacture of textiles
Products
  • chips, readymade garments, Sarees, fabrics., yarn, Salwar Kameez
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
-17.78%
₹ 2,836.5
EBITDA
-
₹ -24.4
Net Profit
-
₹ -116.1
Networth
-6.15%
₹ 1,446.1
Borrowings
59.07%
₹ 1,241.7
Assets
24.52%
₹ 3,777.1
Gross Margin
1.92
23.5 %
Operating Margin
2.34
-0.9 %
Net Profit Margin
1.65
-4.1 %
Return on Equity
4.83
-8.0 %
ROCE
4.83
-4.3 %
Debt to Equity
0.35
0.9
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (44)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
  • WILLFUL DEFAULTER
Moderate Risk
  • LOSS MAKING
  • LOW ROCE
  • PAYABLES DETERIORATING
  • CASH DETERIORATING
  • REVENUE BELOW AVERAGE
Low Risk
  • GROSS MARGINS DETERIORATING
  • REVENUE DECLINE
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 2,865.0 2,212.0 3,463.1 3,449.8 2,836.5
Operating profit 58.3 226.4 164.1 -110.5 -24.4
Net profit -207.6 118.9 62.6 -198.2 -116.1
Gross margin 23.0 31.5 28.2 21.6 23.5
Operating margin 2.0 10.2 4.7 -3.2 -0.9
Net margin -7.2 5.3 1.8 -5.7 -4.1
Networth -516.4 1,493.5 1,744.7 1,540.8 1,446.1
Borrowings 1,926.7 737.0 579.9 780.6 1,241.7
Assets 1,641.0 2,485.6 2,739.6 3,033.4 3,777.1
Debt to equity -3.7 0.5 0.3 0.5 0.9
Current ratio 3.1 2.1 2.4 1.2 1.0
ROE - 8.0 3.6 -12.9 -8.0
Days payable 24.0 44.0 51.0 82.0 165.0
WC days 59.0 97.0 85.0 24.0 -6.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 42.1 150.0 150.0 318.0 318.0
Reserves -558.4 1,343.5 1,594.7 1,222.8 1,128.1
Borrowings + 1,926.7 737.0 579.9 780.6 1,241.7
Long term borrowings 1,926.7 434.2 423.6 601.8 1,107.5
Short term borrowings - 302.8 156.3 178.8 134.2
Trade payables + 146.9 180.6 345.5 607.1 981.0
Days payable 24.0 44.0 51.0 82.0 165.0
Other liabilities + 230.6 255.2 415.1 712.0 1,089.3
Other non-current liabilities 8.1 9.6 4.6 5.0 6.0
Other current liabilities 75.6 64.9 65.0 99.9 102.4
Total liabilities 1,641.0 2,485.6 2,739.6 3,033.4 3,777.1
Fixed Assets + 916.7 1,256.1 1,225.9 1,651.9 2,543.9
Tangible assets 909.4 1,234.0 1,184.0 1,217.2 2,333.0
CWIP 7.3 4.6 24.5 417.2 155.1
Intangible assets - 17.5 17.5 17.5 55.9
LT loans and advances - - - - -
Other non-current assets 37.1 94.0 136.5 272.5 62.2
Current assets + 687.2 1,135.5 1,377.2 1,109.0 1,171.0
Inventories 281.1 348.6 425.0 409.3 484.6
Trade receivables 73.6 113.4 105.8 137.8 210.8
Cash and cash equivalents 84.1 220.7 631.5 375.3 143.2
ST loans and advances 0.1 - - - -
Other current assets 248.2 452.8 214.8 186.6 332.4
Total assets 1,641.0 2,485.6 2,739.6 3,033.4 3,777.1
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 2,865.0 2,212.0 3,463.1 3,449.8 2,836.5
Sales growth % -17.69 -22.79 56.56 -0.38 -17.78
Expenses + 3,076.1 2,103.5 3,416.9 3,659.3 2,995.1
Cost of goods 2,206.7 1,515.2 2,487.4 2,705.4 2,169.9
Employee cost 123.5 105.0 122.2 133.7 124.5
Other costs 476.4 365.5 689.4 721.2 566.6
Operating profit + 58.3 226.4 164.1 -110.5 -24.4
Operating margin % 2.0 10.2 4.7 -3.2 -0.9
Other income 3.5 10.4 16.4 11.3 8.3
Interest 202.1 58.4 60.3 38.5 51.6
Depreciation 67.3 59.4 57.5 60.5 82.6
Exceptional items - - - - 34.2
Profit before tax -207.6 118.9 62.6 -198.2 -116.1
Tax - - - - -
Profit - disc. ops - - - - -
Net profit -207.6 118.9 62.6 -198.2 -116.1
Net margin % -7.2 5.3 1.8 -5.7 -4.1
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity -3.7 0.5 0.3 0.5 0.9
Net Debt/Equity -3.6 0.3 0.0 0.3 0.8
Total Debt/Assets 1.2 0.3 0.2 0.3 0.3
Total Assets/Equity -3.2 1.7 1.6 2.0 2.6
Liquidity +
Current Ratio 3.1 2.1 2.4 1.2 1.0
Quick Ratio 1.8 1.4 1.7 0.8 0.6
Interest Coverage 0.3 3.9 2.7 -2.9 -0.5
Performance
Gross Margin 23.0 31.5 28.2 21.6 23.5
Operating Margin 2.0 10.2 4.7 -3.2 -0.9
Net Margin -7.2 5.3 1.8 -5.7 -4.1
Return +
Return on Equity - 8.0 3.6 -12.9 -8.0
Pre-tax ROCE -0.7 9.1 5.2 -9.1 -4.3
Return on Assets -12.7 4.8 2.3 -6.5 -3.1
Pre-tax ROIC -0.7 8.3 6.1 -8.8 -4.2
Efficiency +
Days Payable 24.0 44.0 51.0 82.0 165.0
Days Inventory 46.0 84.0 62.0 55.0 82.0
Days Receivable 9.0 19.0 11.0 15.0 27.0
Fixed Asset Turnover 3.1 1.8 2.8 2.1 1.1
Total Asset Turnover 1.8 0.9 1.3 1.1 0.8
Working Capital
Cash Conversion Cycle 31.0 59.0 22.0 -12.0 -56.0
Working Capital Days 59.0 97.0 85.0 24.0 -6.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Union Bank of India

No. of Loans: 2

Total Amount : 1,690.0 cr

2

Export-Import Bank of India

No. of Loans: 1

Total Amount : 140.0 cr

3

Bank of India

No. of Loans: 5

Total Amount : 93.4 cr

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Charges

Union Bank of India
Export-Import Bank of India
Bank of India

People

Designation Name DIN/PAN Tenure
Director Debi Prasad Patra 00067269 4 years
Director Sanjay Darolia 00843229 4 years
Director Neela Madhab Patnaik 07950940 4 years
Kmp Rajeev Kumar <HIDDEN> 3 years

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Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
GAIA INTERNATIONAL FZE United Arab Emirates - -

Registered Details

CIN

U17111WB1979PTC259452

PAN

AAACG8932C

Incorporation

1979, 45.7 years

Company Email

sharedepartment@gardenvareli.com

Paid up Capital

₹ 318.0 Cr

Authorised Capital

₹ 400.0 Cr

AGM

Sep 2023

Type

Private
Non-government Company

FAQ - GARDEN SILK MILLS PRIVATE LIMITED

What is the incorporation date of GARDEN SILK MILLS PRIVATE LIMITED?

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The incorporation date of GARDEN SILK MILLS PRIVATE LIMITED is 23 July, 1979

What is the authorized share capital of GARDEN SILK MILLS PRIVATE LIMITED?

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The authorized share capital of GARDEN SILK MILLS PRIVATE LIMITED is INR ₹ 400.0 Cr.

What is the paid-up capital of GARDEN SILK MILLS PRIVATE LIMITED?

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The paid-up capital of GARDEN SILK MILLS PRIVATE LIMITED is INR ₹ 318.0 Cr.

What is the registered address of GARDEN SILK MILLS PRIVATE LIMITED?

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The registered address of GARDEN SILK MILLS PRIVATE LIMITED is BENGAL ECO INTELLIGENT PARK, TOWER-1, BLOCK-EM, PLOT NO-3, SALT LAKE CITY, SECTOR-V,3RD FLOOR, NA KOLKATA Kolkata West Bengal - 700091

What is the CIN number of GARDEN SILK MILLS PRIVATE LIMITED?

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The CIN number of GARDEN SILK MILLS PRIVATE LIMITED is U17111WB1979PTC259452.

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