Lakshya Polytex Private Limited
About Lakshya Polytex Private Limited
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Lakshya Polytex Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 November 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17100GJ2013PTC077662. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Laksh Polytex Private Limited. It is led by directors Harshit Krishnakant Goyal and Krishnakant Bhimsen Goyal.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 215 Sakar – 2 Near Ellisbridge Corner, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2018, the company reported a revenue of ₹17.34 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹17.21 Lakh (net margin 1%) and EBITDA of ₹78.69 Lakh (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 101% over three years.
As per MCA filings, the company has open charges of ₹3.75 Cr on record. Court records list 29 cases involving the company, including 29 filed against it; 14 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Lakshya Polytex has one previous CIN (Corporate Identification Number): U17200GJ2013PTC077662. The current CIN is U17100GJ2013PTC077662, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17100GJ2013PTC077662 | Current |
| U17200GJ2013PTC077662 | Previous |
Contact details
Lakshya Polytex Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address215 Sakar – 2 Near Ellisbridge Corner, Ahmedabad, Gujarat, India – 380006
- IndustryManufacturing, Textile & Fabric Production, Plastic-Based Products
To see the full contact details of Lakshya Polytex 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
Financials of Lakshya Polytex Private Limited
FY 2018 filings availableLakshya Polytex Private Limited reported revenue of ₹17.34 Cr (down 2% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 101%. EBITDA rose 6% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹17.34 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹78.69 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹17.21 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.5% | |||
| Net Profit Margin | 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 Lakshya Polytex Private Limited, buy the company report.
Board of directors of Lakshya Polytex Private Limited
Lakshya Polytex has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshit Krishnakant Goyal Also directs: Goyal Arcade Private Limited | Additional Director | 10 May 2019 | 7 Years 5 Months | Current |
| Krishnakant Bhimsen Goyal Also directs: Goyal Arcade Private Limited | Additional Director | 10 May 2019 | 7 Years 5 Months | Current |
Auditor
Lakshya Polytex Private Limited is audited by P D GOINKA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P D GOINKA & CO | FY 2018 | 103260W |
Shareholding
The shareholding of Lakshya Polytex Private Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Lakshya Polytex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2014 | 10513581 | Canara Bank | ₹3.75 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Lakshya Polytex Private Limited has 29 court cases on record: 29 filed against it. 14 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 24 | 13 |
| High courts | 5 | 5 | 1 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CNS) | Filed against the company by Shriram Finance Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by RBL Bank Ltd | Pending |
| District court, South West, Delhi | Criminal case | Filed against the company by Moneywise Financial Services Private Limited | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Ivl Finance Ltd. | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Yes Bank Ltd. | Pending |
To see the full case history of Lakshya Polytex 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 Lakshya Polytex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Lakshya Polytex 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 Lakshya Polytex Private Limited, buy the company report.
Recent activity
Lakshya Polytex Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Babulal Girdharilal Chordiya ceased to be Director on 10 May 2019.
Frequently asked questions
Lakshya Polytex is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 November 2013 (13+ years old) and is registered under CIN U17100GJ2013PTC077662.
Lakshya Polytex has 2 current directors:
- Harshit Krishnakant Goyal - Additional Director
- Krishnakant Bhimsen Goyal - Additional Director
The latest financial statements of Lakshya Polytex on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Lakshya Polytex has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Lakshya Polytex is U17100GJ2013PTC077662. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lakshya Polytex has 29 court cases on record: 29 filed against it. 14 are pending. Most are in the district courts.
Lakshya Polytex was incorporated on 28 November 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Babulal Girdharilal Chordiya ceased to be Director on 10 May 2019. Harshit Krishnakant Goyal was appointed as Additional Director on 10 May 2019. Krishnakant Bhimsen Goyal was appointed as Additional Director on 10 May 2019. Lakshya Polytex has 7 board changes on record in total.
The registered office of Lakshya Polytex is at 215 Sakar – 2 Near Ellisbridge Corner, Ahmedabad, Gujarat, India – 380006.
Lakshya Polytex operates in the manufacturing industry, in the textile and fabric production segment.
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