MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0018360
Mountain Spring Plastics India Private Limited - consumer goods in Dasroi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹7.62 Cr
Latest filing
Net loss · FY 2023
₹6.5 Cr
Net margin -85.2%
EBITDA · FY 2023
-₹4.05 Cr
EBITDA margin -53.1%
Authorised capital
₹3.05 Cr
Registered with MCA
Paid-up capital
₹1.04 Cr
Issued & subscribed
Open charges
₹16.76 Lakh
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
20
Provident fund records
About Mountain Spring Plastics India Private Limited
Data last updated:
Mountain Spring Plastics India Private Limited is a private limited company based in Dasroi, Gujarat, India, a subsidiary of Af Group Inc, Usa. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 31 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U19200GJ2013PTC078079. Its GSTIN is 24AAMCA3319D1Z2 (Gujarat).
The company has an authorised share capital of ₹3.05 Cr and a paid-up capital of ₹1.04 Cr. It was formerly known as Atlantic Footcare Private Limited. It is led by directors including David Hunter Marshall and Saurabhbhai Navnitlal Shodhan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2 Jashoa Prerna Industrial Park, Dasroi, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.62 Cr. For the same year it recorded a net loss of ₹6.5 Cr (net margin -85.2%) and EBITDA of -₹4.05 Cr (EBITDA margin -53.1%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 42% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹16.76 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it.
Mountain Spring Plastics India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0018360). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website atlanticfootcareindia.com.
Company details
CIN U19200GJ2013PTC078079
Registration Number 078079
Incorporation Date 31 December 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Af Group Inc, Usa
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0018360
Key People
David Hunter Marshall Director Saurabhbhai Navnitlal Shodhan Director Michael Scott Bigelow Director Recognitions & Rankings of Mountain Spring Plastics India
Contact details
Mountain Spring Plastics India Private Limited's registered office is in Dasroi, Gujarat. Its website is atlanticfootcareindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.2 Jashoa Prerna Industrial Park, Kamod To Pirana Road Next To Navasarilat, Dasroi, Gujarat, India – 382425
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Mountain Spring Plastics India Private Limited, buy the company report.
Comprehensive company report
Mountain Spring Plastics India Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Mountain Spring Plastics India Private Limited
FY 2025 filings availableMountain Spring Plastics India Private Limited reported revenue of ₹7.62 Cr for FY 2023.
Revenue · FY 2023
₹7.62 Cr
Net loss · FY 2023
₹6.5 Cr margin -85.2%
EBITDA · FY 2023
-₹4.05 Cr margin -53.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 43%
5 years · compounded
▲ 42%
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.62 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.5 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -53.1% | ||||
| Net Profit Margin | -85.2% | ||||
| 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 Mountain Spring Plastics India Private Limited, buy the company report.
Board of directors of Mountain Spring Plastics India Private Limited
Mountain Spring Plastics India has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| David Hunter Marshall | Director | 03 May 2023 | 3 Years 5 Months | Current |
| Saurabhbhai Navnitlal Shodhan Also directs: Sb-J Von Compunders Private Limited | Director | 31 Dec 2013 | 12 Years 9 Months | Current |
| Michael Scott Bigelow | Director | 20 Feb 2023 | 3 Years 8 Months | Current |
| Tusharkumar Sevak | Director | 28 Feb 2023 | 3 Years 8 Months | Current |
Auditor
Mountain Spring Plastics India Private Limited is audited by CHANDABHOY & JASSOOBHOY CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDABHOY & JASSOOBHOY CHARTERED ACCOUNTANTS | FY 2023 | 101648W |
Shareholding
The shareholding of Mountain Spring Plastics India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mountain Spring Plastics India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹16.76 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Apr 2025 | 101073748 | Hdfc Bank Limited | ₹12 Lakh | Open | |
| 30 Oct 2021 | 100503171 | Hdfc Bank Limited | ₹4.76 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Mountain Spring Plastics India Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Arbitration matter | Filed against the company by individuals | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by individuals | Disposed |
To see the full case history of Mountain Spring Plastics India 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 Mountain Spring Plastics India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mountain Spring Plastics India Private Limited has a workforce of 20 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
-9.09%
GST
Mountain Spring Plastics India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMCA3319D1Z2 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mountain Spring Plastics India Private Limited, buy the company report.
Recent activity
Mountain Spring Plastics India Private Limited has 7 board changes on record since 2013: 4 appointments and 3 cessations. The latest: Santosh Suresh Badgujar ceased to be Director on 31 Mar 2024.
AGM
Mountain Spring Plastics India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.12 Cr with Charge ID 101073748 was registered on 03 Apr 2025.
Filing
Mountain Spring Plastics India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Santosh Suresh Badgujar ceased to be Director.
Appointed
David Hunter Marshall was appointed as Director.
Ceased
Rashmiben Saurabhbhai Shodhan ceased to be Director.
Appointed
Tusharkumar Sevak was appointed as Director.
Appointed
Michael Scott Bigelow was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.05 Cr with Charge ID 100503171 was registered on 30 Oct 2021.
Ceased
Rajagopal Rangachari ceased to be Director.
Appointed
Saurabhbhai Navnitlal Shodhan was appointed as Director.
Incorporation
31 Dec 2013
Mountain Spring Plastics India Private Limited was registered on 31 Dec 2013 with Roc Ahmedabad & aged 12 years 9 months as per MCA records.
Frequently asked questions
Mountain Spring Plastics India is an active private limited company based in Dasroi, Gujarat, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 31 December 2013 (13+ years old) and is registered under CIN U19200GJ2013PTC078079.
Mountain Spring Plastics India has 4 current directors:
- David Hunter Marshall - Director
- Saurabhbhai Navnitlal Shodhan - Director
- Michael Scott Bigelow - Director
- Tusharkumar Sevak - Director
The latest financial statements of Mountain Spring Plastics India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mountain Spring Plastics India is 24AAMCA3319D1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Mountain Spring Plastics India is U19200GJ2013PTC078079. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mountain Spring Plastics India has 2 court cases on record: 2 filed against it. Most are in the district courts.
Mountain Spring Plastics India was incorporated on 31 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Santosh Suresh Badgujar ceased to be Director on 31 Mar 2024. David Hunter Marshall was appointed as Director on 03 May 2023. Rashmiben Saurabhbhai Shodhan ceased to be Director on 04 Mar 2023. Mountain Spring Plastics India has 7 board changes on record in total.
Yes, Mountain Spring Plastics India is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0018360).
Mountain Spring Plastics India can be reached through the website atlanticfootcareindia.com. Its registered office is in Dasroi, Gujarat, India.