MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-MH-16-0000908
Shankarsheth Polymers Private Limited - manufacturing in Latur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹45.62 Lakh
▼ 96% YoY
Net loss · FY 2022
₹93.14 Lakh
Net margin -204.2%
EBITDA · FY 2022
₹26.52 Lakh
EBITDA margin 58.1%
Authorised capital
₹1.75 Cr
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹13.1 Cr
Secured borrowings
Company age
17 yrs
Est. 2009
Directors on board
2
As per MCA filings
About Shankarsheth Polymers Private Limited
Data last updated:
Shankarsheth Polymers Private Limited is a private limited company based in Latur, Maharashtra, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 24 September 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U25190MH2009PTC196009. Its GSTIN is 27AANCS5219F1Z6 (Maharashtra).
The company has an authorised share capital of ₹1.75 Cr and a paid-up capital of ₹25 Lakh. It is led by directors Kushal Nilesh Thakker and Nilesh Hemraj Thakker.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plot No.A – 94 Additional MIDC Harangul (Bk.), Latur, Maharashtra, India – 413512.
As per the financials filed for FY 2022, the company reported a revenue of ₹45.62 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹93.14 Lakh (net margin -204.2%) and EBITDA of ₹26.52 Lakh (EBITDA margin 58.1%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 44% over five years.
As per MCA filings, the company has open charges of ₹13.1 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
Shankarsheth Polymers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-16-0000908). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aromahotel.co.in.
Company details
CIN U25190MH2009PTC196009
Registration Number 196009
Incorporation Date 24 September 2009
ROC Nagpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-16-0000908
Recognitions & Rankings of Shankarsheth Polymers
Contact details
Shankarsheth Polymers Private Limited's registered office is in Latur, Maharashtra. Its website is aromahotel.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.A – 94 Additional MIDC Harangul (Bk.), Latur, Maharashtra, India – 413512
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Shankarsheth Polymers Private Limited, buy the company report.
Comprehensive company report
Shankarsheth Polymers 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 Shankarsheth Polymers Private Limited
FY 2022 filings availableShankarsheth Polymers Private Limited reported revenue of ₹45.62 Lakh (down 96% YoY) for FY 2022.
Revenue · FY 2022
₹45.62 Lakh ▼ 96%
Net loss · FY 2022
₹93.14 Lakh margin -204.2%
EBITDA · FY 2022
₹26.52 Lakh margin 58.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 96%
3 years · compounded
▼ 59%
5 years · compounded
▼ 44%
EBITDA CAGR growth
1 year
▼ 79%
3 years · compounded
▼ 47%
5 years · compounded
▼ 38%
Revenue has declined at a compounded annual rate (CAGR) of 44% over five years, including a 96% fall in the latest year. EBITDA fell 79% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹45.62 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹26.52 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹93.14 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 58.1% | ||||
| Net Profit Margin | -204.2% | ||||
| 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 Shankarsheth Polymers Private Limited, buy the company report.
Board of directors of Shankarsheth Polymers Private Limited
Shankarsheth Polymers has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kushal Nilesh Thakker | Director | 18 Jan 2018 | 8 Years 9 Months | Current |
| Nilesh Hemraj Thakker | Director | 21 Mar 2014 | 12 Years 7 Months | Current |
Peer comparison
Shankarsheth Polymers Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Minflex Polymers Private Limited | ₹46.07 Lakh (FY 2024) | -8.0% | Rajasthan, India | |||
| Biolastics India Private Limited | ₹45.73 Lakh (FY 2025) | 5455.0% | Delhi, India | |||
| Neostyle India Private Limited | ₹45.69 Lakh (FY 2025) | -20.0% | Mumbai, Maharashtra, India | |||
| Shankarsheth Polymers Private Limitedthis company | ₹45.62 Lakh (FY 2022) | -₹93.14 Lakh | -204.2% | -96.0% | Latur, Maharashtra, India | |
| Akash Laminators Private Limited | ₹45.51 Lakh (FY 2018) | -10.0% | Rajaldesar, Rajasthan, India | |||
| Star Eq Private Limited | ₹45.42 Lakh (FY 2025) | 56.0% | Pune, Maharashtra, India |
To see the full peer comparison of Shankarsheth Polymers Private Limited, buy the company report.
Auditor
Shankarsheth Polymers Private Limited is audited by JUGAL S BAHETI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JUGAL S BAHETI & CO | FY 2022 | 122869W |
Shareholding
The shareholding of Shankarsheth Polymers Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shankarsheth Polymers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.1 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Feb 2021 | 100424945 | Others | ₹1.75 Cr | Open | |
| 31 Jan 2019 | 100240600 | Others | ₹80 Lakh | Open | |
| 09 May 2015 | 10581662 | Others | ₹3 Cr | Open | |
| 10 Jan 2013 | 10408604 | Others | ₹80 Lakh | Open | |
| 21 Aug 2011 | 10306891 | Others | ₹32 Lakh | Open |
To see the full charge records of Shankarsheth Polymers Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Shankarsheth Polymers 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 | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by Ms Abhedya Industries Limited | Disposed |
| District court, Latur, Maharashtra | Court case (Spl .Dkst) | Filed against the company by Abhedya Indus. Ltd. | Disposed |
To see the full case history of Shankarsheth Polymers 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 Shankarsheth Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shankarsheth Polymers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCS5219F1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shankarsheth Polymers Private Limited, buy the company report.
Recent activity
Shankarsheth Polymers Private Limited has 9 board changes on record since 2014: 2 appointments and 7 cessations. The latest: Kushal Nilesh Thakker ceased to be Additional Director on 29 Sep 2018.
AGM
Shankarsheth Polymers Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Shankarsheth Polymers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Nagpur.
Charges
A charge with Others amounted to Rs. 1.75 Cr with Charge ID 100424945 was registered on 24 Feb 2021.
Charges
A charge with Others of Rs. 3.00 Cr registered on 09 May 2015 with Charge ID 10581662 was modified on 24 Feb 2021.
Charges
A charge with Others of Rs. 0.80 Cr registered on 10 Jan 2013 with Charge ID 10408604 was modified on 24 Feb 2021.
Charges
A charge with Others of Rs. 0.32 Cr registered on 21 Aug 2011 with Charge ID 10306891 was modified on 24 Feb 2021.
Charges
A charge with Others of Rs. 0.45 Cr registered on 21 Aug 2011 with Charge ID 10306893 was modified on 24 Feb 2021.
Charges
A charge with Others of Rs. 0.23 Cr registered on 21 Aug 2011 with Charge ID 10306895 was modified on 24 Feb 2021.
Charges
A charge with Others of Rs. 2.50 Cr registered on 24 Dec 2010 with Charge ID 10264040 was modified on 24 Feb 2021.
Charges
A charge with Others of Rs. 3.25 Cr registered on 20 May 2010 with Charge ID 10228598 was modified on 24 Feb 2021.
Charges
A charge with Others amounted to Rs. 0.80 Cr with Charge ID 100240600 was registered on 31 Jan 2019.
Ceased
Kushal Nilesh Thakker ceased to be Additional Director.
16 earlier events are in the company report.
Frequently asked questions
Shankarsheth Polymers is an active private limited company based in Latur, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 24 September 2009 (17+ years old) and is registered under CIN U25190MH2009PTC196009.
Shankarsheth Polymers has 2 current directors:
- Kushal Nilesh Thakker - Director
- Nilesh Hemraj Thakker - Director
The latest financial statements of Shankarsheth Polymers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Shankarsheth Polymers is 27AANCS5219F1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shankarsheth Polymers is U25190MH2009PTC196009. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shankarsheth Polymers has 2 court cases on record: 2 filed against it.
Shankarsheth Polymers was incorporated on 24 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Shankarsheth Polymers by revenue are Minflex Polymers Private Limited, Biolastics India Private Limited, Neostyle India Private Limited, Akash Laminators Private Limited, Star Eq Private Limited, all in the Manufacturing industry (Plastic Based Products, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Kushal Nilesh Thakker ceased to be Additional Director on 29 Sep 2018. Kushal Nilesh Thakker was appointed as Director on 18 Jan 2018. Mita Nilesh Thakkar ceased to be Additional Director on 30 Sep 2014. Shankarsheth Polymers has 9 board changes on record in total.
Yes, Shankarsheth Polymers is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-16-0000908).
Shankarsheth Polymers can be reached through the website aromahotel.co.in. Its registered office is in Latur, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages