Innova Plastic Technologies Private Limited
About Innova Plastic Technologies Private Limited
Data last updated:
Innova Plastic Technologies Private Limited is a private limited company based in Pune, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 18 April 2005.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U25206PN2005PTC020576. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹45 Lakh. It is led by directors Manjunath Parashuram Bhosale and Anuradha Manjunath Bhosale.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Plot No. 20 D – 111 MIDC Chinchwad, Pune, Maharashtra, India – 411019.
As per the financials filed for FY 2016, the company reported a revenue of ₹14.58 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹30.08 Lakh (net margin 2.1%) and EBITDA of ₹1.32 Cr (EBITDA margin 9.1%).
As per MCA filings, the company has open charges of ₹6.95 Cr and satisfied charges of ₹3.28 Cr on record. Court records list 41 cases involving the company, including 4 filed by the company and 37 filed against it; 11 cases are pending.
Company details
Contact details
Innova Plastic Technologies Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 20 D – 111 MIDC Chinchwad, Pune, Maharashtra, India – 411019
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Innova Plastic Technologies 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 Innova Plastic Technologies 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 Innova Plastic Technologies Private Limited, buy the company report.
Financials of Innova Plastic Technologies Private Limited
FY 2016 filings availableInnova Plastic Technologies Private Limited reported revenue of ₹14.58 Cr (down 2% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year. EBITDA rose 25% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹14.58 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.32 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹30.08 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 9.1% | |
| Net Profit Margin | 2.1% | |
| 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 Innova Plastic Technologies Private Limited, buy the company report.
Board of directors of Innova Plastic Technologies Private Limited
Innova Plastic Technologies has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjunath Parashuram Bhosale Also directs: Amb Appliances and Electronics Private Limited | Director | 01 Oct 2013 | 13 Years 0 Months | As last reported |
| Anuradha Manjunath Bhosale Also directs: Amb Appliances and Electronics Private Limited | Director | 01 Oct 2013 | 13 Years 0 Months | As last reported |
Peer comparison
Innova Plastic Technologies Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics, 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 |
|---|---|---|---|---|---|---|
| Max Extrusions Private Limited | ₹14.6 Cr (FY 2025) | 7.0% | Vapi, Gujarat, India | |||
| Kishore Industries Private Limited | ₹14.6 Cr (FY 2025) | 16.0% | Aurangabad, Maharashtra, India | |||
| Innova Plastic Technologies Private Limitedthis company | ₹14.58 Cr (FY 2016) | ₹30.08 Lakh | 2.1% | -2.0% | Pune, Maharashtra, India | |
| Span Plastics Private Limited | ₹14.58 Cr (FY 2024) | -2.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Innova Plastic Technologies Private Limited, buy the company report.
Auditor
Innova Plastic Technologies Private Limited is audited by S V MIRJI & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S V MIRJI & ASSOCIATES | FY 2016 | 113978W |
Shareholding
The shareholding of Innova Plastic Technologies Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Innova Plastic Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2015 | 10568079 | Intec Capital Limited | ₹1.01 Cr | Open | |
| 27 Jan 2014 | 10479440 | Karnataka Bank Limited | ₹1.35 Cr | Open | |
| 27 Jan 2014 | 10479436 | Karnataka Bank Ltd. | ₹4 Cr | Open | |
| 27 Jan 2014 | 10479323 | Karnataka Bank Limited | ₹8.92 Lakh | Open | |
| 27 Jan 2014 | 10479311 | Karnataka Bank Limited | ₹2.36 Lakh | Open |
To see the full charge records of Innova Plastic Technologies Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Innova Plastic Technologies Private Limited has 41 court cases on record: 4 filed by Innova Plastic Technologies, 37 filed against it. 11 cases are pending and 30 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 40 | 36 | 11 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Magma Fincorp Ltd. | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Edelweiss Retail Finance Ltd. | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by M/S Intec Capital Ltd Through Aman Kumar Wadhwa | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Edelweiss Retail Finance Limited | Pending |
| District court, South East, Delhi | Criminal case | Filed against the company by Intec Capital Ltd. | Pending |
To see the full case history of Innova Plastic Technologies 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 Innova Plastic Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Innova Plastic Technologies Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Innova Plastic Technologies 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 Innova Plastic Technologies Private Limited, buy the company report.
Recent activity
Innova Plastic Technologies Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Anuradha Manjunath Bhosale ceased to be Additional Director on 30 Sep 2014.
17 earlier events are in the company report.
Frequently asked questions
Innova Plastic Technologies is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Innova Plastic Technologies is a company under insolvency, formerly operating as a private limited company based in Pune, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 18 April 2005 and is registered under CIN U25206PN2005PTC020576. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Innova Plastic Technologies has 2 current directors:
- Manjunath Parashuram Bhosale - Director
- Anuradha Manjunath Bhosale - Director
The latest financial statements of Innova Plastic Technologies on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Innova Plastic Technologies is U25206PN2005PTC020576. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innova Plastic Technologies has open charges of ₹6.95 Cr and satisfied charges of ₹3.28 Cr as per latest MCA filings.
Innova Plastic Technologies has 41 court cases on record: 4 filed by the company and 37 filed against it. 11 are pending. Most are in the district courts.
Innova Plastic Technologies was incorporated on 18 April 2005. It is registered with the Registrar of Companies, Pune.
The peers of Innova Plastic Technologies by revenue are Max Extrusions Private Limited, Kishore Industries Private Limited, Span Plastics Private Limited, all in the Transport and Logistics industry (Diversified Logistics, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Anuradha Manjunath Bhosale ceased to be Additional Director on 30 Sep 2014. Manjunath Parashuram Bhosale ceased to be Additional Director on 30 Sep 2014. Madhukar Dharamshi Babar ceased to be Director on 10 Sep 2014. Innova Plastic Technologies has 6 board changes on record in total.
The registered office of Innova Plastic Technologies is at Plot No. 20 D – 111 MIDC Chinchwad, Pune, Maharashtra, India – 411019.