Lotus Polytwist Private Limited
About Lotus Polytwist Private Limited
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Lotus Polytwist Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 20 June 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1997PTC032550. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹16.04 Lakh. It is led by directors Nitinkumar Thakorbhai Patel and Rita Nitinkumar Patel.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 603 Jolly Plaza Athwagate, Surat, Gujarat, India – 395001.
As per the financials filed for FY 2018, the company reported a revenue of ₹85,384, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹1,851 (net margin -2.2%) and EBITDA of -₹1,616 (EBITDA margin -1.9%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years.
As per MCA filings, the company has open charges of ₹1.82 Cr and satisfied charges of ₹15.66 Lakh on record. Court records list 9 cases involving the company, including 9 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Lotus Polytwist Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address603 Jolly Plaza Athwagate, Surat, Gujarat, India – 395001
- IndustryManufacturing, Plastic-Based Products, Textile & Fabric Production
To see the full contact details of Lotus Polytwist 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 Lotus Polytwist Private Limited
FY 2018 filings availableLotus Polytwist Private Limited reported revenue of ₹85,384 (down 12% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 76% over three years, including a 12% fall in the latest year. EBITDA fell 123% 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 | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹1,616 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1,851 | |||
| 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 | -1.9% | |||
| Net Profit Margin | -2.2% | |||
| 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 Lotus Polytwist Private Limited, buy the company report.
Board of directors of Lotus Polytwist Private Limited
Lotus Polytwist has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitinkumar Thakorbhai Patel | Director | 20 Jun 1997 | 29 Years 4 Months | Current |
| Rita Nitinkumar Patel | Director | 18 Apr 1998 | 28 Years 6 Months | Current |
Peer comparison
Lotus Polytwist Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swadeshi Karyala Textiles Pvt Ltd | ₹86,170 (FY 2025) | -63.0% | Ludhiana, Punjab, India | |||
| Jacaranda Textiles Private Limited | ₹85,900 (FY 2025) | 83.0% | New Delhi, Delhi, India | |||
| Creative Edge Mens Wear Private Limited | ₹85,675 (FY 2025) | -95.0% | New Delhi, Delhi, India | |||
| Rach Exports Private Limited | ₹85,597 (FY 2024) | 10721.0% | Mumbai, Maharashtra, India | |||
| CLC Textile Park Private Limited | ₹85,474 (FY 2025) | 8.0% | Pandhurna, Madhya Pradesh, India | |||
| Lotus Polytwist Private Limitedthis company | ₹85,384 (FY 2018) | -₹1,851 | -2.2% | -12.0% | Surat, Gujarat, India | |
| Varda Spinning & Weaving Mills Private Limited | ₹85,314 (FY 2023) | -97.0% | Ludhiana, Punjab, India | |||
| Mangalsutra Textiles Private Limited | ₹85,000 (FY 2025) | 89.0% | Surat, Gujarat, India | |||
| Nimit Texo-Fab Private Limited | ₹85,000 (FY 2024) | -34.0% | Surat, Gujarat, India | |||
| Lucky Bhai Tent and Textiles Private Limited | ₹84,955 (FY 2025) | Jehanabad, Bihar, India | ||||
| Flikto Fashion and Exports Private Limited | ₹84,746 (FY 2024) | Hyderabad, Telangana, India |
To see the full peer comparison of Lotus Polytwist Private Limited, buy the company report.
Auditor
Lotus Polytwist Private Limited is audited by NILKANTH DESAI & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NILKANTH DESAI & ASSOCIATES | FY 2016 | 107086W |
Shareholding
The shareholding of Lotus Polytwist Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Lotus Polytwist Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2011 | 10291504 | The Sutex Co-Operative Bank Limited | ₹33 Lakh | Open | |
| 01 Jun 2011 | 10289951 | The Sutex Co-Operative Bank Limited | ₹68 Lakh | Open | |
| 28 Feb 2007 | 10041470 | The Sutex Co-Operative Bank Limited | ₹35 Lakh | Open | |
| 28 Feb 2007 | 10060916 | The Sutex Co Operative Bank Limited | ₹46.35 Lakh | Open | |
| 31 Jan 2004 | 90102323 | The Stutex Co. Op. Bank Ltd. | ₹15.66 Lakh | Satisfied |
To see the full charge records of Lotus Polytwist Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Lotus Polytwist Private Limited has 9 court cases on record: 9 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by M/S Parry Enterprises India Ltd. | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by M/S Parry Enterprises India Ltd. | Disposed |
| District court, Silvassa, DNH at Silvasa | Court case (Spl. C. S.) | Filed against the company by Ebullient Packaging Pvt Ltd | Disposed |
| District court, Aurangabad, Maharashtra | Civil suit | Filed against the company by Dhoot Compack Limited | Disposed |
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Civil suit | Filed against the company by Shree Tirupati Balaji Agro Trading Pvt Ltd | Disposed |
To see the full case history of Lotus Polytwist 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 Lotus Polytwist Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Lotus Polytwist 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 Lotus Polytwist Private Limited, buy the company report.
Recent activity
Lotus Polytwist Private Limited has 3 board changes on record since 1997: 2 appointments and 1 cessation. The latest: Pranav Patel ceased to be Director on 12 Oct 2012.
3 earlier events are in the company report.
Frequently asked questions
Lotus Polytwist is an active private limited company based in Surat, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 20 June 1997 (29+ years old) and is registered under CIN U17119GJ1997PTC032550.
Lotus Polytwist has 2 current directors:
- Nitinkumar Thakorbhai Patel - Director
- Rita Nitinkumar Patel - Director
The latest financial statements of Lotus Polytwist on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Lotus Polytwist has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Lotus Polytwist is U17119GJ1997PTC032550. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lotus Polytwist has 9 court cases on record: 9 filed against it.
Lotus Polytwist was incorporated on 20 June 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Lotus Polytwist by revenue are Swadeshi Karyala Textiles Pvt Ltd, Jacaranda Textiles Private Limited, Creative Edge Mens Wear Private Limited, Rach Exports Private Limited, CLC Textile Park Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Pranav Patel ceased to be Director on 12 Oct 2012. Rita Nitinkumar Patel was appointed as Director on 18 Apr 1998. Nitinkumar Thakorbhai Patel was appointed as Director on 20 Jun 1997.
The registered office of Lotus Polytwist is at 603 Jolly Plaza Athwagate, Surat, Gujarat, India – 395001.
Lotus Polytwist operates in the manufacturing industry, in the plastic-based products segment.
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