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Classic Knits India Pvt Ltd

Last Updated on ' Aug 09, 2020 '
Description
CLASSIC KNITS is one of the few completely backward integrated entities in the knitted garments industry with cotton cultivation thro contract farming, Ginning, Spinning, Knitting, Dyeing, Finishing and garments manufacturing infrastructure. This infrastructure aids CLASSIC KNITS in maintaining quality control processes and self reliance within the vertical, providing them with sample scope for further expansions.
Sector
Manufacturing
Sub Sector
Textiles
Company Type
Unlisted
Type
Manufacturing
Employees
1001 to 2000 People
Register Address
43, JAYALAKSHMI GINNING FACTORY COMPOUND ALANGADU, MANGALAM ROAD TIRUPUR TN 641604 IN
Website
http://www.classicknits.co.in/
Key Products/Services
Cotton Fibre & Yarns 2 products available Mens Under Garments 14 products available Mens Wear 10 products available Womens Wear 11 products available Kids Wear 10 products available
Key Resources/Assets
Ginning Division Spinning Division Knitting Division Dyeing Division Cutting Division Sewing Devision Agro Division
Stressed Asset Details Expand All 
-
USD 0
Stressed Asset Related Documents
061afece765070952a80d340da4984a5.pdf
Financial Information Documents
No Document found
Year Revenue (in INR Crores) Net Income (in INR Crores) Liabilities (in INR Crores) Fixed & Current Assets (in INR Crores) Current Ratio Quick Ratio RoE RoA EBITDA Margin PAT Margin
2016 18.06 mn - 23.15 mn 8.7 mn 1.2 0.32 0.16 0.03 12.3 3.94
2017 11.27 mn - 22.29 mn 7.66 mn 1.18 0.29 0.45 0.06 10.56 11.9
2018 16.97 mn - 13.67 mn 3.3 mn 1.11 0.39 1.26 0.12 12.6 9.82
Stressed Assets Timeline 2020
Defined Date Without Date

Commencement of CIRP

07Feb

Public Announcement by Resolution Professional

07Feb

Claim submission

21Feb

Invitation for Expression of Interest

22Apr

Submission of Expression of Interest

07May

Submission of Resolution Plan

21Jun

Committee of Creditors Approval

21Jul

Submission of Resolution Plan to NCLT

21Jul

Approval of Resolution Plan by NCLT

05Aug
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