About Goldstar Polymers Limited
Data last updated:
Goldstar Polymers Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 21 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29295MH2006PLC161292. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2.55 Cr and a paid-up capital of ₹2.55 Cr. It is led by directors including Premprakash Gangaprasad Saraogi and Harsh Prem Prakash Saraogi.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹21.88 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹2.3 Cr (net margin -10.5%) and EBITDA of -₹46.11 Lakh (EBITDA margin -2.1%).
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹18.09 Cr and satisfied charges of ₹2 Cr on record. Court records list 17 cases involving the company, including 2 filed by the company and 15 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website goldstarworld.com.
Company details
Contact details
Goldstar Polymers Limited's registered office is in Mumbai, Maharashtra. Its website is goldstarworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 701 702 703 Citipoint 7th Floor Andheri Kurla Road J. B. Nagar Andheri, (East), Mumbai, Maharashtra, India – 400059
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Goldstar Polymers 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 Goldstar Polymers 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 Goldstar Polymers Limited, buy the company report.
Financials of Goldstar Polymers Limited
FY 2018 filings availableGoldstar Polymers Limited reported revenue of ₹21.88 Cr (down 22% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year. EBITDA fell 120% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹21.88 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹46.11 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.3 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -2.1% | ||
| Net Profit Margin | -10.5% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| 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 Goldstar Polymers Limited, buy the company report.
Board of directors of Goldstar Polymers Limited
Goldstar Polymers has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Premprakash Gangaprasad Saraogi | Director | 21 Apr 2006 | 20 Years 6 Months | Current |
| Harsh Prem Prakash Saraogi | Director | 22 Feb 2013 | 13 Years 8 Months | Current |
| Savita Prem Prakash Saraogi Also directs: Rudveda Skincare India LLP | Director | 01 Mar 2008 | 18 Years 7 Months | Current |
Peer comparison
Goldstar Polymers Limited is compared with the 6 companies closest to it by revenue in the Packaging industry (Industrial Packaging, Polymers), 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 |
|---|---|---|---|---|---|---|
| Ki Packaging Private Limited | ₹22.05 Cr (FY 2025) | 136.0% | Valsad, Gujarat, India | |||
| Anantshree Polymers Private Limited | ₹21.96 Cr (FY 2025) | 25.0% | Siliguri, West Bengal, India | |||
| Primeseal Straps Private Limited | ₹21.89 Cr (FY 2024) | -11.0% | Pipaliya, Gujarat, India | |||
| Goldstar Polymers Limitedthis company | ₹21.88 Cr (FY 2017) | -₹2.3 Cr | -10.5% | -22.0% | Mumbai, Maharashtra, India | |
| Nirmal Polythread Industries Private Limited | ₹21.85 Cr (FY 2024) | 15.0% | Indore, Madhya Pradesh, India | |||
| Gangotri Polymers Private Limited | ₹21.84 Cr (FY 2025) | 5.0% | Gwalior, Madhya Pradesh, India | |||
| Inox Polymers Private Limited | ₹21.8 Cr (FY 2025) | 49.0% | Maval, Maharashtra, India |
To see the full peer comparison of Goldstar Polymers Limited, buy the company report.
Auditor
Goldstar Polymers Limited is audited by SHAH & TAPARIA for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH & TAPARIA | FY 2017 | 109463W |
Shareholding
The shareholding of Goldstar Polymers Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Goldstar Polymers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Nov 2010 | 10258282 | Bank of Baroda | ₹10 Cr | Open | |
| 14 Dec 2007 | 10088510 | Bank of Baroda | ₹8.09 Cr | Open | |
| 11 Sep 2006 | 10022662 | Citi Bank N. A. | ₹2 Cr | Satisfied |
To see the full charge records of Goldstar Polymers Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Goldstar Polymers Limited has 17 court cases on record: 2 filed by Goldstar Polymers, 15 filed against it. 2 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 2 |
| High courts | 3 | 3 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Pyramid Technoplast Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Abhishri Packaging Pvt Ltd., and 6 others | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Avh Polychem Pvt Ltd | Disposed |
| District court, Central, Delhi | Criminal case | Filed against the company by Skywing Carriers Pvt Ltd | Disposed |
To see the full case history of Goldstar Polymers 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.
Credit ratings & regulatory alerts
Goldstar Polymers Limited was last rated by Care on 17 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 17 Nov 2021 |
To see the full credit ratings and regulatory alerts of Goldstar Polymers Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Goldstar Polymers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Goldstar Polymers has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Goldstar Polymers Limited, buy the company report.
Recent activity
Goldstar Polymers Limited has 7 board changes on record since 2006: 3 appointments and 4 cessations. The latest: Pratik Saraf ceased to be Director on 31 May 2019.
3 earlier events are in the company report.
Frequently asked questions
Goldstar Polymers is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 21 April 2006 (20+ years old) and is registered under CIN U29295MH2006PLC161292.
Goldstar Polymers has 3 current directors:
- Premprakash Gangaprasad Saraogi - Director
- Harsh Prem Prakash Saraogi - Director
- Savita Prem Prakash Saraogi - Director
The latest financial statements of Goldstar Polymers on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Goldstar Polymers has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Goldstar Polymers is U29295MH2006PLC161292. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goldstar Polymers has 17 court cases on record: 2 filed by the company and 15 filed against it. 2 are pending. Most are in the district courts.
Goldstar Polymers was incorporated on 21 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Goldstar Polymers by revenue are Ki Packaging Private Limited, Anantshree Polymers Private Limited, Primeseal Straps Private Limited, Nirmal Polythread Industries Private Limited, Gangotri Polymers Private Limited and 1 more, all in the Packaging industry (Industrial Packaging, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Pratik Saraf ceased to be Director on 31 May 2019. Anilkumar Garg ceased to be Director on 23 Mar 2018. Harsh Prem Prakash Saraogi was appointed as Director on 22 Feb 2013. Goldstar Polymers has 7 board changes on record in total.
Goldstar Polymers can be reached through the website goldstarworld.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Goldstar Polymers is at B – 701 702 703 Citipoint 7th Floor Andheri Kurla Road J. B. Nagar Andheri, East, Mumbai, Maharashtra, India – 400059.