Jerash Holdings Files 2024 Annual Report
Ticker: JRSH · Form: 10-K · Filed: Jun 28, 2024 · CIK: 1696558
Sentiment: neutral
Topics: annual-report, 10-k, apparel
TL;DR
Jerash Holdings filed its 2024 10-K. Check financials.
AI Summary
Jerash Holdings (US), Inc. filed its annual report for the fiscal year ended March 31, 2024. The company, incorporated in Delaware, operates in the apparel manufacturing sector. Its principal executive offices are located in Fairfield, New Jersey, with a business address in Rochester, NY.
Why It Matters
This filing provides investors with a comprehensive overview of Jerash Holdings' financial performance and business operations for the past fiscal year, crucial for investment decisions.
Risk Assessment
Risk Level: medium — This is a standard annual report filing with no immediate red flags or significant positive news presented in the provided snippet.
Key Numbers
- 001-38474 — SEC File Number (Identifies the company's filings with the SEC.)
- 81-4701719 — IRS Number (Company's Employer Identification Number.)
Key Players & Entities
- Jerash Holdings (US), Inc. (company) — Registrant
- March 31, 2024 (date) — Fiscal year end
- Delaware (jurisdiction) — State of incorporation
- 277 Fairfield Road , Suite 338 , Fairfield , New Jersey 07004 (address) — Principal executive offices
- 260 EAST MAIN STREET SUITE 2706 ROCHESTER NY 14604 (address) — Business address
FAQ
What is the primary business of Jerash Holdings (US), Inc.?
Jerash Holdings (US), Inc. operates in the apparel and other finished products of fabrics and similar materials industry, with SIC code 2300.
When did the fiscal year covered by this 10-K filing end?
The fiscal year covered by this 10-K filing ended on March 31, 2024.
Where are Jerash Holdings' principal executive offices located?
Jerash Holdings' principal executive offices are located at 277 Fairfield Road, Suite 338, Fairfield, New Jersey 07004.
What is the company's state of incorporation?
The company is incorporated in Delaware.
What is the SEC file number for Jerash Holdings?
The SEC file number for Jerash Holdings is 001-38474.
Filing Stats: 4,624 words · 18 min read · ~15 pages · Grade level 12.4 · Accepted 2024-06-28 17:30:59
Key Financial Figures
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- $372,000 — mounts ranging from approximately $6 to $372,000. Our customers are in the retail indus
Filing Documents
- ea0207691-10k_jerash.htm (10-K) — 946KB
- ea020769101ex19-1_jerash.htm (EX-19.1) — 76KB
- ea020769101ex21-1_jerash.htm (EX-21.1) — 7KB
- ea020769101ex23-1_jerash.htm (EX-23.1) — 2KB
- ea020769101ex31-1_jerash.htm (EX-31.1) — 14KB
- ea020769101ex31-2_jerash.htm (EX-31.2) — 14KB
- ea020769101ex32-1_jerash.htm (EX-32.1) — 7KB
- ea020769101ex32-2_jerash.htm (EX-32.2) — 6KB
- ea020769101ex97-1_jerash.htm (EX-97.1) — 48KB
- image_001.jpg (GRAPHIC) — 144KB
- 0001213900-24-057324.txt ( ) — 6854KB
- jrsh-20240331.xsd (EX-101.SCH) — 67KB
- jrsh-20240331_cal.xml (EX-101.CAL) — 59KB
- jrsh-20240331_def.xml (EX-101.DEF) — 330KB
- jrsh-20240331_lab.xml (EX-101.LAB) — 595KB
- jrsh-20240331_pre.xml (EX-101.PRE) — 331KB
- ea0207691-10k_jerash_htm.xml (XML) — 579KB
Business
Business 1 Item 1A.
Risk Factors
Risk Factors 6 Item 1B. Unresolved Staff Comments 17 Item 1C. Cybersecurity 17 Item 2.
Properties
Properties 18 Item 3.
Legal Proceedings
Legal Proceedings 19 Item 4. Mine Safety Disclosure 19 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. 20 Item 6. [Reserved] 20 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 7A.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 26 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data F-1 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 27 Item 9A.
Controls and Procedures
Controls and Procedures 27 Item 9B. Other Information 27 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 27 PART III Item 10. Directors, Executive Officers and Corporate Governance 28 Item 11.
Executive Compensation
Executive Compensation 28 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 28 Item 13. Certain Relationships and Related Transactions, and Director Independence 28 Item 14. Principal Accounting Fees and Services 28 PART IV Item 15. Exhibit and Financial Statement Schedules 29 Item 16. Form 10-K Summary 30
Signatures
Signatures 31 i PART I
Business
Item 1. Business. Overview Jerash Holdings (US), Inc. ("Jerash Holdings"), through its wholly owned operating subsidiaries (together the "Group," "we," "us," or "our"), is principally engaged in the manufacturing and exporting of customized, ready-made sportswear and outerwear from knitted fabric and personal protective equipment ("PPE") produced in its facilities in the Hashemite Kingdom of Jordan ("Jordan"). Our website address is http://www.jerashholdings.com. Information available on our website is not a part of, and is not incorporated into, this Annual Report on Form 10-K. We are a manufacturer for many well-known brands and retailers, such as VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (owner or licensee of brands such as Calvin Klein, Tommy Hilfiger, and DKNY), Acushnet (owner of brands such as Footjoy and Titleist), American Eagle, and Skechers. Our production facilities comprise six factories and five warehouses and we currently employ approximately 5,400 people. The total annual capacity at our facilities was approximately 14 million pieces (average for product categories including t-shirts, polo shirts, pants, shorts, and jackets, and excluding PPE) as of March 31, 2024. Organizational Structure Jerash Holdings is a holding company incorporated in Delaware in January 2016. As of the date of this annual report, Jerash Holdings has the following wholly owned subsidiaries: (i) Jerash Garments and Fashions Manufacturing Co., Ltd. ("Jerash Garments"), an entity formed under the laws of Jordan, (ii) Treasure Success International Limited ("Treasure Success"), an entity formed under the laws of Hong Kong Special Administrative Region of the People's Republic of China ("Hong Kong" or "HK"), (iii) Chinese Garments and Fashions Manufacturing Co., Ltd. ("Chinese Garments"), an entity formed under the laws of Jordan and a wholly owned subsidiary of Jerash Garments, (iv) Jerash for Industrial Embroidery