Maximum Synthetics Private Limited

Maximum Synthetics Private Limited - manufacturing in Bhilwara, Rajasthan, India. FY 2026 financials & compliance.
CIN U17118RJ2002PTC017975 Incorporated 12 December 2002 ROC Jaipur HQ Bhilwara, Rajasthan, India
Under Liquidation Private Limited Company manufacturing
Data last updated
Revenue · FY 2017
₹55.65 Cr
▼ 49% YoY
Net loss · FY 2017
₹58.86 Lakh
Net margin -1.1%
EBITDA · FY 2017
₹3.41 Cr
EBITDA margin 6.1%
Authorised capital
₹4.75 Cr
Registered with MCA
Paid-up capital
₹4.34 Cr
Issued & subscribed
Open charges
₹25.6 Cr
Satisfied ₹86.02 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
40
Provident fund records

About Maximum Synthetics Private Limited

Data last updated:

Maximum Synthetics Private Limited is a private limited company based in Bhilwara, Rajasthan, 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 12 December 2002.

The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U17118RJ2002PTC017975. The company has 1 GST registration on record, which is no longer active.

The company has an authorised share capital of ₹4.75 Cr and a paid-up capital of ₹4.34 Cr. It is led by directors Kailash Chandak and Shiv Ratan Chandak.

Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 135 Ambaji Textile Market Ajmer Road, Bhilwara, Rajasthan, India – 311001.

As per the financials filed for FY 2017, the company reported a revenue of ₹55.65 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹58.86 Lakh (net margin -1.1%) and EBITDA of ₹3.41 Cr (EBITDA margin 6.1%).

The company has about 40 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹25.6 Cr and satisfied charges of ₹86.02 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.

Company Details of Maximum Synthetics Private Limited
CIN U17118RJ2002PTC017975
Registration Number 017975
Incorporation Date 12 December 2002
ROC Jaipur
Listing Status Unlisted
Company Status Under Liquidation
Date of Last AGM 29 September 2017
Date of Balance Sheet 31 March 2017
Compliance Status Active Non-Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    135 Ambaji Textile Market Ajmer Road, Bhilwara, Rajasthan, India – 311001
  • Industry
    Manufacturing, Textile & Fabric Production
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Financials, compliance, directors, charges, ownership and filings for Maximum Synthetics Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Maximum Synthetics Private Limited

The main business activity of Maximum Synthetics is manufacturing. In detail, this covers textile, leather and other apparel products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC2Textile, leather and other apparel productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Maximum Synthetics Private Limited FY 2017 filings available

Maximum Synthetics Private Limited reported revenue of ₹55.65 Cr (down 49% YoY) for FY 2017.

Revenue · FY 2017
₹55.65 Cr ▼ 49%
Net loss · FY 2017
₹58.86 Lakh margin -1.1%
EBITDA · FY 2017
₹3.41 Cr margin 6.1%

Compounded Annual Growth Rate (CAGR) of Maximum Synthetics Private Limited

Revenue CAGR growth
1 year
▼ 49%
EBITDA CAGR growth
1 year
▼ 25%

Revenue fell 49% in the latest year. EBITDA fell 25% in the latest year. All are worked out from the filed statements.

Financial Statement Summary of Maximum Synthetics Private Limited

MetricsFY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations₹55.65 Cr••••••••
Other Income••••••••••••
Total Revenue••••••••••••
Cost of Materials Consumed••••••••••••
Employee Benefit Expense••••••••••••
Finance Costs••••••••••••
Depreciation and Amortisation••••••••••••
Other Expenses••••••••••••
Total Expenses••••••••••••
EBITDA₹3.41 Cr••••••••
Profit Before Tax••••••••••••
Tax Expense••••••••••••
Net Profit (PAT)-₹58.86 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 of Maximum Synthetics Private Limited

MetricsFY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin6.1%••••••••
Net Profit Margin-1.1%••••••••
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••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Maximum Synthetics are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Peer Comparison of Maximum Synthetics Private Limited

Maximum Synthetics Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Revenue, net profit, margin and growth of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Reinvent Apparels Private Limited••••••••••••••••49Erode, Tamil Nadu, India
Micro Weaves Private Limited••••••••••••••••47Surat, Gujarat, India
Silver Fab Suiting Private Limited••••••••••••••••-Rajasthan., Rajasthan, India
Sangeet Syntex Limited••••••••••••••••-Mumbai, Maharashtra, India
The Palani Andavar Mills Private Limited••••••••••••••••138Udamalpet, Tamil Nadu, India
Maximum Synthetics Private Limited this company••••••••••••••••-Bhilwara, Rajasthan, India
Khatushyam Dyeing and Printing Mills Private Limited••••••••••••••••30Surat, Gujarat, India
Suyan Textile Private Limited••••••••••••••••-New Delhi, Delhi, India
Linen Design Company Private Limited••••••••••••••••139Gurgaon, Haryana, India
Garodia Syntex Private Limited••••••••••••••••14Mumbai, Maharashtra, India
Ramesh Textiles India Private Limited••••••••••••••••22Indore, Madhya Pradesh, India

Peers are the five companies nearest above and the five nearest below Maximum Synthetics by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.

Auditor Details of Maximum Synthetics Private Limited

Maximum Synthetics Private Limited is audited by JETHANI & ASSOCIATES for the financial year 2017.

NameStatusAppointment DateCessation Date
JETHANI & ASSOCIATESLockedLockedLocked
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Appointment and cessation dates and past auditor changes are in the company report.

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Board of Directors of Maximum Synthetics Private Limited

Maximum Synthetics has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Kailash ChandakDirector12 Dec 200421 Years 9 MonthsAs last reported
Shiv Ratan ChandakDirector15 Dec 200817 Years 9 MonthsAs last reported

Ownership and Shareholding of Maximum Synthetics Private Limited

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Charges & Borrowings of Maximum Synthetics Private Limited

Open charges
₹25.6 Cr
Satisfied charges
₹86.02 Cr
Breakdown by lending institutions
Others₹25.00 Cr
Reliance Capital Ltd₹0.60 Cr
Latest charge details
DateLenderAmountStatus
22 Jun 2015Reliance Capital Ltd₹60.42 LakhOpen
31 Mar 2014Others₹25 CrOpen
19 Oct 2012City Union Bank Limited₹1.9 CrSatisfied
19 Oct 2012City Union Bank Limited₹17 CrSatisfied
08 Nov 2010State Bank of Bikaner & Jaipur₹3.34 CrSatisfied

Total charge records: 25 View all charges

Employees and EPFO Compliance at Maximum Synthetics Private Limited

Maximum Synthetics Private Limited has a workforce of 40 employees as of Mar 27, 2024.

Employee count
40
Active EPFO establishments
1
Employee growth
2.56%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Maximum Synthetics Private Limited

Maximum Synthetics Private Limited has 6 board changes on record since 2004: 2 appointments and 4 cessations. The latest: Suraj Chandak ceased to be Director on 08 Mar 2012.

AGM
Maximum Synthetics Private Limited last Annual general meeting of members was held on 29 Sep 2017 as per latest MCA records.
Filing
Maximum Synthetics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Jaipur.
Charges
A charge with Others of Rs. 25.00 Cr registered on 31 Mar 2014 with Charge ID 10490589 was modified on 24 Mar 2017.
Charges
A charge with Reliance Capital Ltd amounted to Rs. 0.60 Cr with Charge ID 10577183 was registered on 22 Jun 2015.
Charges
A charge registered on 19 Oct 2012 via Charge ID 10384409 with City Union Bank Limited was fully satisfied on 30 Jul 2014.
Charges
A charge registered on 19 Oct 2012 via Charge ID 10384398 with City Union Bank Limited was fully satisfied on 30 Jul 2014.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 10490589 was registered on 31 Mar 2014.
Charges
A charge with City Union Bank Limited of Rs. 17.00 Cr registered on 19 Oct 2012 with Charge ID 10384398 was modified on 31 Jan 2014.
Charges
A charge registered on 08 Nov 2010 via Charge ID 10247533 with State Bank Of Bikaner & Jaipur was fully satisfied on 15 Mar 2013.
Charges
A charge registered on 08 Nov 2010 via Charge ID 10247531 with State Bank Of Bikaner & Jaipur was fully satisfied on 15 Mar 2013.
Charges
A charge with City Union Bank Limited of Rs. 1.90 Cr registered on 19 Oct 2012 with Charge ID 10384409 was modified on 22 Oct 2012.
Charges
A charge with City Union Bank Limited amounted to Rs. 1.90 Cr with Charge ID 10384409 was registered on 19 Oct 2012.

59 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Maximum Synthetics Private Limited

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Credit ratings, litigation, and regulatory alerts

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MSME Payment Delays by Maximum Synthetics Private Limited

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Subsidiaries & Group Companies of Maximum Synthetics Private Limited

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Corporate group structure

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GST Compliance of Maximum Synthetics Private Limited

Maximum Synthetics has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Maximum Synthetics Private Limited

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MCA filings and documents

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Frequently Asked Questions about Maximum Synthetics Private Limited

Maximum 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.

Maximum Synthetics is a company under liquidation, formerly operating as a private limited company based in Bhilwara, Rajasthan, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 12 December 2002 and is registered under CIN U17118RJ2002PTC017975. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Maximum Synthetics reported revenue of ₹55.65 Cr for FY 2017 (down 49% YoY).

Maximum Synthetics has 2 current directors:

Maximum Synthetics reported a net loss of ₹58.86 Lakh (net margin -1.1%) and EBITDA of ₹3.41 Cr (EBITDA margin 6.1%) for FY 2017, as per its filed financial statements.

The CIN (Corporate Identification Number) of Maximum Synthetics is U17118RJ2002PTC017975. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Maximum Synthetics has open charges of ₹25.6 Cr and satisfied charges of ₹86.02 Cr as per latest MCA filings.

Maximum Synthetics has 3 court cases on record: 3 filed against it. 1 is pending.

Maximum Synthetics was incorporated on 12 December 2002. It is registered with the Registrar of Companies, Jaipur.

The peers of Maximum Synthetics by revenue are Reinvent Apparels Private Limited, Micro Weaves Private Limited, Silver Fab Suiting Private Limited, Sangeet Syntex Limited, The Palani Andavar Mills Private Limited and 5 more, all in the Manufacturing industry (Textiles).

Suraj Chandak ceased to be Director on 08 Mar 2012. Paras Mal Pangaria ceased to be Company Secretary on 10 Apr 2009. Murli Dhar Chandak ceased to be Director on 15 Dec 2008. Maximum Synthetics has 6 board changes on record in total.

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