About Miku Polymers & Plastics Limited
Data last updated:
Miku Polymers & Plastics Limited is a public limited company based in Vadodara, Gujarat, 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 01 March 2019.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51902GJ2019PLC106891. Its GSTIN is 24AAMCM4959K1ZV (Gujarat). The company holds 7 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹14.94 Cr. It is led by directors including Utkarsh Malvik Hathi (Managing Director) and Arpit Malvik Hathi (Managing Director).
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 518 Yakshkamal Building Station Road, Vadodara, Gujarat, India – 390020.
As per the financials filed for FY 2021, the company reported a revenue of ₹370 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹9.07 Cr (net margin -2.5%) and EBITDA of ₹1.85 Cr (EBITDA margin 0.5%).
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹293.75 Cr on record. Court records list 13 cases involving the company, including 1 filed by the company and 12 filed against it; 5 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹41.77 Cr; the latest was in September 2020. Its 10 peer companies in the Chemicals industry (Polymers) are compared by revenue, 5 larger and 5 smaller; the largest is Meenakshi Polymers Private Limited with revenue of ₹464.36 Cr.
The last known website on record is mikupolymers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address518 Yakshkamal Building Station Road, Vadodara, Gujarat, India – 390020
- IndustryManufacturing, Plastic-Based Products
- 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
- One PDF report, delivered after checkout
Business Activity of Miku Polymers & Plastics Limited
The main business activity of Miku Polymers & Plastics is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Miku Polymers & Plastics Limited FY 2021 filings available
Miku Polymers & Plastics Limited reported revenue of ₹370 Cr (down 21% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Miku Polymers & Plastics Limited
Revenue fell 21% in the latest year. EBITDA fell 65% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Miku Polymers & Plastics Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹370 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹1.85 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.07 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 of Miku Polymers & Plastics Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.5% | •••• | •••• |
| Net Profit Margin | -2.5% | •••• | •••• |
| 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 | •••• | •••• | •••• |
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 Miku Polymers & Plastics are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Miku Polymers & Plastics Limited
Miku Polymers & Plastics Limited is compared with the companies closest to it by revenue in the Chemicals industry (Polymers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Meenakshi Polymers Private Limited | ₹464.36 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Delhi, India |
| J P Polymers Private Limited | ₹459.14 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Mumbai, Maharashtra, India |
| V.K.A. Polymers Private Limited | ₹394 Cr (FY 2025) | •••• | •••• | -47.0% | •••• | Karur, Tamil Nadu, India |
| PNP Polymers Private Limited | ₹392.06 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Mumbai, Maharashtra, India |
| Tradeimpex Polymers (India) Private Limited | ₹391.51 Cr (FY 2023) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Miku Polymers & Plastics Limited this company | ₹370 Cr (FY 2021) | •••• | •••• | -21.0% | •••• | Vadodara, Gujarat, India |
| Avni Polymers Private Limited | ₹365.4 Cr (FY 2025) | •••• | •••• | 211.0% | •••• | New Delhi, Delhi, India |
| Fresco Polymers Private Limited | ₹363.54 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Delhi, India |
| R L Polymers Private Limited | ₹361.4 Cr (FY 2024) | •••• | •••• | 95.0% | •••• | Delhi, India |
| Rai Innotech Polymers Private Limited | ₹360.97 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | New Delhi, Delhi, India |
| Macro Polymers Pvt Ltd | ₹357.68 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Miku Polymers & Plastics by revenue in the Chemicals industry (Polymers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Miku Polymers & Plastics Limited
Miku Polymers & Plastics Limited is audited by SANJAY C SHAH & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SANJAY C SHAH & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Miku Polymers & Plastics Limited
Miku Polymers & Plastics has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Nareshbhai Shah Also directs: Ericson Insolvency Professionals LLP | Irp/Rp/Liquidator | 17 Aug 2023 | 3 Years 1 Months | As last reported |
| Utkarsh Malvik Hathi | Managing Director | 01 Mar 2019 | 7 Years 7 Months | As last reported |
| Bharat Dhirajlal Mehta Also directs: Swastika Castal Ltd, Suyog Electricals Limited, Jbtrivedi Hospitality Private Limited and 4 more | Director | 13 Mar 2019 | 7 Years 6 Months | As last reported |
| Arpit Malvik Hathi Also directs: Jci Baroda Alkapuri Association | Managing Director | 01 Mar 2019 | 7 Years 7 Months | As last reported |
Ownership and Shareholding of Miku Polymers & Plastics Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Miku Polymers & Plastics Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Feb 2021 | Others | ₹1.3 Cr | Open |
| 18 Dec 2020 | Others | ₹51 Cr | Open |
| 26 Nov 2020 | Others | ₹51 Cr | Open |
| 14 May 2020 | Others | ₹51 Cr | Open |
| 28 Mar 2019 | Others | ₹36.7 Cr | Open |
Total charge records: 7 View all charges
Deals & Funding of Miku Polymers & Plastics Limited
Miku Polymers & Plastics Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹41.77 Cr; the latest was in September 2020.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jun 2019 | Funding round | ₹41.77 Cr | Investors: 3 individuals |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Miku Polymers & Plastics Limited
Miku Polymers & Plastics Limited has 13 court cases on record: 1 filed by Miku Polymers & Plastics, 12 filed against it. 5 cases are pending and 8 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 11 | 5 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Chem-Trend Chemicals Company Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company by Speciality Products (India) Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Hiveloop Capital Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Hiveloop Capital Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Chem-Trend Chemicals Company Private Limited | Disposed |
Full case history
All 13 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Miku Polymers & Plastics Limited
Miku Polymers & Plastics Limited has a workforce of 10 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Miku Polymers & Plastics Limited
Miku Polymers & Plastics Limited has 12 board changes on record since 2019: 4 appointments and 8 cessations. The latest: Rahul Nareshbhai Shah was appointed as Irp/Rp/Liquidator on 17 Aug 2023.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Miku Polymers & Plastics Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Miku Polymers & Plastics Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Miku Polymers & Plastics Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Miku Polymers & Plastics Limited
Miku Polymers & Plastics has 7 GST registrations: 4 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMCM4959K1ZV | Gujarat | Active | 01 Mar 2019 |
| 07AAMCM4959K1ZR | Delhi | Active | 01 Mar 2019 |
| 27AAMCM4959K1ZP | Maharashtra | Active | 01 Mar 2019 |
| 26AAMCM4959K2ZQ | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Aug 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Miku Polymers & Plastics Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Miku Polymers & Plastics Limited
Miku Polymers & Plastics 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.
Miku Polymers & Plastics is a company under insolvency, formerly operating as a public limited company based in Vadodara, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 01 March 2019 and is registered under CIN U51902GJ2019PLC106891. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Miku Polymers & Plastics reported revenue of ₹370 Cr for FY 2021 (down 21% YoY).
Miku Polymers & Plastics has 4 current directors:
- Utkarsh Malvik Hathi - Managing Director
- Arpit Malvik Hathi - Managing Director
- Bharat Dhirajlal Mehta - Director
- Rahul Nareshbhai Shah - Irp/Rp/Liquidator
Miku Polymers & Plastics reported a net loss of ₹9.07 Cr (net margin -2.5%) and EBITDA of ₹1.85 Cr (EBITDA margin 0.5%) for FY 2021, as per its filed financial statements.
The CIN (Corporate Identification Number) of Miku Polymers & Plastics is U51902GJ2019PLC106891. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Miku Polymers & Plastics has open charges of ₹293.75 Cr and no satisfied charges on record as per latest MCA filings.
Miku Polymers & Plastics has 13 court cases on record: 1 filed by the company and 12 filed against it. 5 are pending. Most are in the district courts.
Miku Polymers & Plastics was incorporated on 01 March 2019. It is registered with the Registrar of Companies, Ahmedabad.
Miku Polymers & Plastics has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹41.77 Cr; the latest was in September 2020.
The peers of Miku Polymers & Plastics by revenue are Meenakshi Polymers Private Limited, J P Polymers Private Limited, V.K.A. Polymers Private Limited, PNP Polymers Private Limited, Tradeimpex Polymers (India) Private Limited and 5 more, all in the Chemicals industry (Polymers).