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May 30, 2015 3:38 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Wheel & Axle Textiles Ltd

Company Overview

Wheel & Axle Textiles Limited engages in the textile business in India. The company was incorporated in 1988 and is based in Surat, India.

Garden House

Dr. Amichand Shah’s Wadi

Rampura Tunki

Surat,  395003

India

Founded in 1988

Phone:

91 26 1241 9019

Fax:

91 26 1241 8980

Key Executives for Wheel & Axle Textiles Ltd

Managing Director and Director
Age: 40
Chief Financial Officer
Compensation as of Fiscal Year 2014.

Wheel & Axle Textiles Ltd Key Developments

WHELTEX, Board Meeting, May 05, 2015

WHELTEX, Board Meeting, May 05, 2015.

Wheel & Axle Textiles Ltd Appoints Rupesh Diwan as Chief Financial Officer

Wheel & Axle Textiles Ltd. has informed that the company has approved and confirmed the appointment of Shri. Rupesh Diwan as Chief Financial Officer of the company, with effect from March 27, 2015.

Wheel & Axle Textiles Ltd Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Wheel & Axle Textiles Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on a standalone basis, the company reported net sales/income from operations of INR 0.057 million. Loss from operations before other income, finance costs and exceptional items was INR 0.060 million compared to INR 0.025 million a year ago. Loss from ordinary activities before tax INR 0.060 million compared to INR 0.025 million a year ago. Net loss INR 0.060 million compared to INR 0.025 million a year ago. EPS was INR 0.12 compared to INR 0.05, a year ago. For the nine months, on a standalone basis, the company reported net sales/income from operations of INR 0.203 million. Loss from operations before other income, finance costs and exceptional items was INR 0.178 million compared to INR 0.078 million a year ago. Loss from ordinary activities before tax was INR 0.178 million compared to INR 0.078 million a year ago. Net profit was INR 0.178 million compared to INR 0.078 million a year ago. EPS was INR 0.36 compared to INR 0.16, a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 15, 2015
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Merger/Acquisition
April 15, 2015
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