H.V.Synthetics Private Limited
About H.V.Synthetics Private Limited
Data last updated:
H.V.Synthetics Private Limited is a private limited company based in Ahmedabad, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 02 June 2006.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17121GJ2006PTC048378. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Pinakin Surendra Shah (Irp/Rp/Liquidator) and Naranbhai Dahyabhai Chavda.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 225/2 Madhu Textile Mills Coumpound B/H Asoaplav Hotel Near Narol Circle, Ahmedabad, Gujarat, India – 382405.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.14 Cr, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹76.91 Lakh (net margin -67.8%) and EBITDA of ₹28.99 Lakh (EBITDA margin 25.5%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 37% over five years.
As per MCA filings, the company has open charges of ₹5.55 Cr on record. Court records list 140 cases involving the company, including 39 filed by the company and 101 filed against it; 34 cases are pending.
Company details
Contact details
H.V.Synthetics Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address225/2 Madhu Textile Mills Coumpound B/H Asoaplav Hotel Near Narol Circle, Ahmedabad, Gujarat, India – 382405
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of H.V.Synthetics 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 H.V.Synthetics is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of H.V.Synthetics Private Limited, buy the company report.
Financials of H.V.Synthetics Private Limited
FY 2020 filings availableH.V.Synthetics Private Limited reported revenue of ₹1.14 Cr (down 64% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 64% fall in the latest year. EBITDA fell 67% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.14 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹28.99 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹76.91 Lakh | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.5% | ||||
| Net Profit Margin | -67.8% | ||||
| 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 H.V.Synthetics Private Limited, buy the company report.
Board of directors of H.V.Synthetics Private Limited
H.V.Synthetics has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pinakin Surendra Shah Also directs: Arman Financial Services Limited, Namra Finance Limited | Irp/Rp/Liquidator | 01 Jan 2025 | 1 Years 10 Months | As last reported |
| Naranbhai Dahyabhai Chavda | Director | 02 Jun 2006 | 20 Years 5 Months | As last reported |
| Haygreev Kishorkumar Chavda | Director | 31 Mar 2011 | 15 Years 7 Months | As last reported |
Peer comparison
H.V.Synthetics Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Madhavtex Private Limited | ₹1.14 Cr (FY 2025) | -47.0% | Surat, Gujarat, India | |||
| House of Threads Private Limited | ₹1.14 Cr (FY 2024) | 43.0% | Indore, Madhya Pradesh, India | |||
| Sajjan Syntex Private Limited | ₹1.14 Cr (FY 2021) | 10.0% | Bhilwara, Rajasthan, India | |||
| H.V.Synthetics Private Limitedthis company | ₹1.14 Cr (FY 2020) | -₹76.91 Lakh | -67.8% | -64.0% | Ahmedabad, Gujarat, India | |
| Soham Vocational Centre Private Limited | ₹1.13 Cr (FY 2025) | -3.0% | Indore, Madhya Pradesh, India | |||
| Gric Clothing Private Limited | ₹1.13 Cr (FY 2024) | -71.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of H.V.Synthetics Private Limited, buy the company report.
Auditor
H.V.Synthetics Private Limited is audited by R R GOHIL & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R R GOHIL & CO | FY 2020 | 143463W |
Shareholding
The shareholding of H.V.Synthetics Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of H.V.Synthetics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2017 | 100085344 | Others | ₹30 Lakh | Open | |
| 17 Dec 2014 | 10536567 | Intec Capital Limited | ₹43 Lakh | Open | |
| 30 Jul 2014 | 10511548 | Intec Capital Limited | ₹1.14 Cr | Open | |
| 24 Jan 2014 | 10477167 | Small Industries Development Bank of India | ₹50 Lakh | Open | |
| 26 Nov 2013 | 10463227 | Others | ₹28 Lakh | Open |
To see the full charge records of H.V.Synthetics Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
H.V.Synthetics Private Limited has 140 court cases on record: 39 filed by H.V.Synthetics, 101 filed against it. 34 cases are pending and 106 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 95 | 95 | 32 |
| High courts | 38 | 2 | 0 |
| NCLT | 6 | 3 | 1 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 140)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by Nirma Limited Through Its Authorised Signatory Bharat Tanna | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Intec Capital Limited | Pending |
| District court, BOTAD, Gujarat | Commercial matter | Filed against the company by Intec Capital Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by M/S. Reliance Commercial Finance Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (EXE S) | Filed against the company by Intec Capital Ltd | Disposed |
To see the full case history of H.V.Synthetics 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 H.V.Synthetics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
H.V.Synthetics Private Limited has 1 active EPFO establishment as of Apr 02, 2024.
GST
H.V.Synthetics has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of H.V.Synthetics Private Limited, buy the company report.
Recent activity
H.V.Synthetics Private Limited has 4 board changes on record since 2006: 3 appointments and 1 cessation. The latest: Pinakin Surendra Shah was appointed as Irp/Rp/Liquidator on 01 Jan 2025.
4 earlier events are in the company report.
Frequently asked questions
H.V.Synthetics is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
H.V.Synthetics is a company under liquidation, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 02 June 2006 and is registered under CIN U17121GJ2006PTC048378. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
H.V.Synthetics has 3 current directors:
- Naranbhai Dahyabhai Chavda - Director
- Haygreev Kishorkumar Chavda - Director
- Pinakin Surendra Shah - Irp/Rp/Liquidator
The latest financial statements of H.V.Synthetics on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of H.V.Synthetics is U17121GJ2006PTC048378. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
H.V.Synthetics has open charges of ₹5.55 Cr and no satisfied charges on record as per latest MCA filings.
H.V.Synthetics has 140 court cases on record: 39 filed by the company and 101 filed against it. 34 are pending. Most are in the district courts.
H.V.Synthetics was incorporated on 02 June 2006. It is registered with the Registrar of Companies, Ahmedabad.
The peers of H.V.Synthetics by revenue are Madhavtex Private Limited, House of Threads Private Limited, Sajjan Syntex Private Limited, Soham Vocational Centre Private Limited, Gric Clothing Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Pinakin Surendra Shah was appointed as Irp/Rp/Liquidator on 01 Jan 2025. Ratanben Kishorbhai Chavda ceased to be Director on 15 Apr 2016. Haygreev Kishorkumar Chavda was appointed as Director on 31 Mar 2011. H.V.Synthetics has 4 board changes on record in total.
The registered office of H.V.Synthetics is at 2252 Madhu Textile Mills Coumpound BH Asoaplav Hotel Near Narol Circle, Ahmedabad, Gujarat, India – 382405.
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