Corona Plastics Private Limited
About Corona Plastics Private Limited
Data last updated:
Corona Plastics Private Limited is a private limited company based in Vapi, Gujarat, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 07 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25209GJ1996PTC030418. Its GSTIN is 26AAACC7837L1ZC (Daman & Diu). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It is led by directors Bhavajibhai Gopaldas Patel and Taraben Bhavjibhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at F – 801 C 1 Tower Pramukh Oracle Daman Road Chala Vapi Taluka – Pardi Dist. – Valsad, Gujarat, India – 396191.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.67 Lakh, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹11.29 Lakh (net margin -45.7%) and EBITDA of -₹4.57 Lakh (EBITDA margin -18.5%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 33% over five years.
As per MCA filings, the company has open charges of ₹1.45 Cr on record. Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Corona Plastics Private Limited's registered office is in Vapi, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressF – 801 C 1 Tower Pramukh Oracle Daman Road Chala Vapi Taluka – Pardi Dist. – Valsad, Gujarat, India – 396191
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Corona Plastics 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
Business activity
The main business activity of Corona Plastics 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 Corona Plastics Private Limited, buy the company report.
Financials of Corona Plastics Private Limited
FY 2024 filings availableCorona Plastics Private Limited reported revenue of ₹24.67 Lakh (down 90% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 90% fall in the latest year. EBITDA fell 174% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹4.57 Lakh | ||||
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| Net Profit (PAT) | -₹11.29 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -18.5% | ||||
| Net Profit Margin | -45.7% | ||||
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To see the full financial statements and ratios of Corona Plastics Private Limited, buy the company report.
Board of directors of Corona Plastics Private Limited
Corona Plastics has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavajibhai Gopaldas Patel | Director | 31 Aug 2006 | 20 Years 2 Months | Current |
| Taraben Bhavjibhai Patel | Director | 31 Aug 2006 | 20 Years 2 Months | Current |
Auditor
Corona Plastics Private Limited is audited by J. P. PATEL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J. P. PATEL & CO. | FY 2023 | 107708W |
Shareholding
The shareholding of Corona Plastics Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Corona Plastics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 May 2020 | 100369952 | Bank of India | ₹39 Lakh | Open | |
| 14 Nov 2009 | 10189431 | Bank of India | ₹45.7 Lakh | Open | |
| 30 Dec 1997 | 90101802 | State Bank of India | ₹60 Lakh | Open |
To see the full charge records of Corona Plastics Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Corona Plastics Private Limited has 7 court cases on record: 1 filed by Corona Plastics, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by M/S Tricon Energy India Pvt Ltd | Disposed |
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Court case (E.Arbitration A.) | Filed against the company by Kotak Mahindra Bank Ltd. | Disposed |
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Court case (S.C.S.) | Filed against the company by M/S Bankim Plast Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Mahalaxmi Dyes and Chemicals Ltd | Disposed |
To see the full case history of Corona Plastics Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Corona Plastics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Corona Plastics Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Corona Plastics has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAACC7837L1ZC | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Corona Plastics Private Limited, buy the company report.
Recent activity
Corona Plastics Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Narendra Ratilal Patel ceased to be Director on 10 Sep 2009.
1 earlier event is in the company report.
Frequently asked questions
Corona Plastics is an active private limited company based in Vapi, Gujarat, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 07 August 1996 (30+ years old) and is registered under CIN U25209GJ1996PTC030418.
Corona Plastics has 2 current directors:
- Bhavajibhai Gopaldas Patel - Director
- Taraben Bhavjibhai Patel - Director
The latest financial statements of Corona Plastics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Corona Plastics is 26AAACC7837L1ZC, registered in Daman & Diu. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Corona Plastics is U25209GJ1996PTC030418. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Corona Plastics has 7 court cases on record: 1 filed by the company and 6 filed against it.
Corona Plastics was incorporated on 07 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Narendra Ratilal Patel ceased to be Director on 10 Sep 2009. Tejaskumar Narendrakumar Patel ceased to be Director on 10 Sep 2009. Bhavajibhai Gopaldas Patel was appointed as Director on 31 Aug 2006. Corona Plastics has 5 board changes on record in total.
The registered office of Corona Plastics is at F – 801 C 1 Tower Pramukh Oracle Daman Road Chala Vapi Taluka – Pardi Dist. – Valsad, Gujarat, India – 396191.
Corona Plastics operates in the manufacturing industry, in the plastic and resins segment.
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