About Adroit Straps Private Limited
Data last updated:
Adroit Straps Private Limited was a private limited company based in Veraval, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the plastic-based products segment of the manufacturing sector. It was incorporated on 01 November 2012.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ2012PTC072526. Its GSTIN is 24AALCA1095M2ZE (Gujarat). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹70 Lakh and a paid-up capital of ₹70 Lakh. It was led by directors including Vithalbhai Dharamshibhai Dobariya and Manoj Vitthalbhai Dobariya.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Survey No.125 Plot No.85 B/H. Panara Auto Sidc Plots Sidc Road Veraval(Shapar) Tal:Ko, Tdasangani, Gujarat, India – 360024.
As per the financials filed for FY 2022, the company reported a revenue of ₹19.48 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹16.43 Lakh (net margin 0.8%) and EBITDA of ₹90.67 Lakh (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 12% over five years.
The company was associated with 1 brand: AdroitStraps. As per MCA filings, the company had satisfied charges of ₹3.02 Cr on record.
The last known website on record is adroitstraps.com.
Company details
Contact details
Adroit Straps Private Limited's registered office is in Veraval, Gujarat. Its website is adroitstraps.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSurvey No.125 Plot No.85 B/H. Panara Auto Sidc Plots Sidc Road Veraval(Shapar) Tal:Ko, Tdasangani, Gujarat, India – 360024
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Adroit Straps Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Adroit Straps operates one associated brand: AdroitStraps. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of PP box straps and strapping machines for industrial packaging. | adroitstraps.com |
Business activity
The main business activity of Adroit Straps is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Adroit Straps Private Limited, buy the company report.
Financials of Adroit Straps Private Limited
FY 2022 filings availableAdroit Straps Private Limited reported revenue of ₹19.48 Cr (up 33% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 33% growth in the latest year. EBITDA rose 60% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹19.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹90.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.43 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Adroit Straps Private Limited, buy the company report.
Board of directors of Adroit Straps Private Limited
Adroit Straps has 6 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vithalbhai Dharamshibhai Dobariya Also directs: Aspire Cores & Tubes Private Limited | Director | 01 Nov 2012 | 13 Years 11 Months | As last reported |
| Manoj Vitthalbhai Dobariya Also directs: Primeseal Straps Private Limited | Director | 01 Nov 2012 | 13 Years 11 Months | As last reported |
| Paresh Karshanbhai Sheladiya | Director | 01 Nov 2012 | 13 Years 11 Months | As last reported |
| Mitulkumar Vithalbhai Dobaria | Director | 01 Nov 2012 | 13 Years 11 Months | As last reported |
| Hareshbhai Dharamshibhai Dobariya | Director | 16 Feb 2018 | 8 Years 8 Months | As last reported |
| Kalpesh Karshanbhai Sheladiya | Director | 01 Nov 2012 | 13 Years 11 Months | As last reported |
Peer comparison
Adroit Straps Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Uniculture Manufacturing Private Limited | ₹19.55 Cr (FY 2025) | 1.0% | Sanand, Gujarat, India | |||
| Adroit Straps Private Limitedthis company | ₹19.48 Cr (FY 2022) | ₹16.43 Lakh | 0.8% | 33.0% | Veraval, Gujarat, India | |
| Kolon Enp India Private Limited | ₹19.35 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Godriwala Plastics Private Limited | ₹19.35 Cr (FY 2025) | 1.0% | Raipur, Chhattisgarh, India | |||
| Rahil Airbubbles Private Limited | ₹19.27 Cr (FY 2025) | -5.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Adroit Straps Private Limited, buy the company report.
Auditor
Adroit Straps Private Limited is audited by VEKARIYA BABARIYA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VEKARIYA BABARIYA & ASSOCIATES | FY 2022 | 133839W |
Shareholding
The shareholding of Adroit Straps Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adroit Straps Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2015 | 10575714 | Hdfc Bank Limited | ₹75 Lakh | Satisfied | |
| 20 Mar 2013 | 10415640 | Dena Bank | ₹2.27 Cr | Satisfied |
To see the full charge records of Adroit Straps Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Adroit Straps Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Adroit Straps Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Adroit Straps has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AALCA1095M2ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adroit Straps Private Limited, buy the company report.
Recent activity
Adroit Straps Private Limited has 6 board changes on record since 2012: 6 appointments. The latest: Hareshbhai Dharamshibhai Dobariya was appointed as Director on 16 Feb 2018.
3 earlier events are in the company report.
Frequently asked questions
Adroit Straps has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Adroit Straps was a private limited company based in Veraval, Gujarat, India. The company worked in plastic-based products, within the manufacturing industry. It was incorporated on 01 November 2012 and is registered under CIN U25209GJ2012PTC072526. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Adroit Straps was incorporated on 01 November 2012. It is registered with the Registrar of Companies, Ahmedabad.
Adroit Straps had 6 directors:
- Vithalbhai Dharamshibhai Dobariya - Director
- Manoj Vitthalbhai Dobariya - Director
- Paresh Karshanbhai Sheladiya - Director
- Mitulkumar Vithalbhai Dobaria - Director
- Hareshbhai Dharamshibhai Dobariya - Director
- Kalpesh Karshanbhai Sheladiya - Director
The CIN (Corporate Identification Number) of Adroit Straps is U25209GJ2012PTC072526. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Adroit Straps is at Survey No.125 Plot No.85 BH. Panara Auto Sidc Plots Sidc Road VeravalShapar Tal:Ko, Tdasangani, Gujarat, India – 360024.
Adroit Straps can be reached through the website adroitstraps.com. Its registered office is in Veraval, Gujarat, India.
The latest financial statements of Adroit Straps on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Adroit Straps is 24AALCA1095M2ZE, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Adroit Straps operated in the manufacturing industry, in the plastic-based products segment.
The peers of Adroit Straps by revenue are Uniculture Manufacturing Private Limited, Kolon Enp India Private Limited, Godriwala Plastics Private Limited, Rahil Airbubbles Private Limited, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
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