Paradise Plastics Enterprises Limited

Paradise Plastics Enterprises Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U74999MH1986PLC074410 Incorporated 27 January 1986 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Public Limited Company manufacturing MSME · Medium
Data last updated
Revenue · FY 2024
₹40.69 Cr
▼ 29% YoY
Net loss · FY 2024
₹3.18 Cr
Net margin -7.8%
EBITDA · FY 2024
₹3.32 Cr
EBITDA margin 8.2%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹1.4 Cr
Issued & subscribed
Open charges
₹45.61 Cr
Satisfied ₹47.14 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
20
Provident fund records

About Paradise Plastics Enterprises Limited

Data last updated:

Paradise Plastics Enterprises Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 27 January 1986 and has been in existence for over 40 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1986PLC074410. Its GSTIN is 27AABCP5932G1ZF (Maharashtra). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.4 Cr. It was formerly known as Paradise Plastic Enterprises Limited. It is led by directors including Harsh Yogesh Gandhi (Managing Director) and Parul Yogesh Gandhi (Whole-Time Director).

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 805 Dev Plaza Plot No – 68 Opp Andheri Fire Brigade S V Road, Mumbai, Maharashtra, India – 400058.

As per the financials filed for FY 2024, the company reported a revenue of ₹40.69 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net loss of ₹3.18 Cr (net margin -7.8%) and EBITDA of ₹3.32 Cr (EBITDA margin 8.2%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 15% 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 ₹45.61 Cr and satisfied charges of ₹47.14 Cr on record. Court records list 76 cases involving the company, including 18 filed by the company and 58 filed against it; 10 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹80 Lakh; the latest was in March 2023. Its 6 peer companies in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 2 larger and 4 smaller; the largest is Vanshaj Clothing Private Limited with revenue of ₹40.9 Cr.

Paradise Plastics Enterprises Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0003244). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website paradiseplastics.in.

Company details

CIN U74999MH1986PLC074410
Registration Number 074410
Incorporation Date 27 January 1986
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0003244

CIN history

Paradise Plastics Enterprises has one previous CIN (Corporate Identification Number): U74999MH1993PTC074410. The current CIN is U74999MH1986PLC074410, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74999MH1986PLC074410Current
U74999MH1993PTC074410Previous
Key People
Harsh Yogesh Gandhi Managing Director Parul Yogesh Gandhi Whole-Time Director Parth Yogesh Gandhi Whole-Time Director

Recognitions & Rankings of Paradise Plastics Enterprises

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0003244

Contact details

Paradise Plastics Enterprises Limited's registered office is in Mumbai, Maharashtra. Its website is paradiseplastics.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    paradiseplastics.in
  • Registered Address
    805 Dev Plaza Plot No – 68 Opp Andheri Fire Brigade S V Road, Mumbai, Maharashtra, India – 400058
  • Industry
    Manufacturing, Plastic-Based Products

To see the full contact details of Paradise Plastics Enterprises Limited, buy the company report.

Comprehensive company report
Paradise Plastics Enterprises 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
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Business activity

The main business activity of Paradise Plastics Enterprises is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Paradise Plastics Enterprises Limited, buy the company report.

Financials of Paradise Plastics Enterprises Limited

FY 2024 filings available

Paradise Plastics Enterprises Limited reported revenue of ₹40.69 Cr (down 29% YoY) for FY 2024.

Revenue · FY 2024
₹40.69 Cr ▼ 29%
Net loss · FY 2024
₹3.18 Cr margin -7.8%
EBITDA · FY 2024
₹3.32 Cr margin 8.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 29%
3 years · compounded
▲ 2%
5 years · compounded
▼ 15%
EBITDA CAGR growth
1 year
▼ 55%
3 years · compounded
▲ 107%
5 years · compounded
▼ 14%

Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 29% fall in the latest year. EBITDA fell 55% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹3.32 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹3.18 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin8.2%
Net Profit Margin-7.8%
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 Paradise Plastics Enterprises Limited, buy the company report.

Board of directors of Paradise Plastics Enterprises Limited

Paradise Plastics Enterprises has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Parul Yogesh Gandhi
Also directs: Gopinath Plastics LLP
Whole-Time Director01 Oct 200422 Years 1 MonthsCurrent
Parth Yogesh Gandhi
Also directs: Gopinath Plastics LLP, Iriss Scanners Technologies Private Limited
Whole-Time Director01 Apr 201016 Years 7 MonthsCurrent
Harsh Yogesh GandhiManaging Director01 Nov 20206 Years 0 MonthsCurrent
View all directors

Peer comparison

Paradise Plastics Enterprises Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Vanshaj Clothing Private Limited₹40.9 Cr (FY 2025)-6.0%New Delhi, Delhi, India
Jagannath Polymers Pvt Ltd₹40.88 Cr (FY 2024)-7.0%Chomu, Rajasthan, India
Paradise Plastics Enterprises Limitedthis company₹40.69 Cr (FY 2024)-₹3.18 Cr-7.8%-29.0%20Mumbai, Maharashtra, India
Rajdeep Plast-Tec Private Limited₹40.49 Cr (FY 2025)20.0%Thane, Maharashtra, India
V2s Polypack Private Limited₹40.42 Cr (FY 2025)18.0%Chengalpattu, Tamil Nadu, India
Unifix Plast Private Limited₹40.36 Cr (FY 2025)37.0%Kolkata, West Bengal, India
Udi Sales Private Limited₹40.34 Cr (FY 2024)-10.0%New Delhi, Delhi, India

To see the full peer comparison of Paradise Plastics Enterprises Limited, buy the company report.

Auditor

Paradise Plastics Enterprises Limited is audited by RAJEEV JHA & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
RAJEEV JHA & ASSOCIATESFY 2023409068

Shareholding

The shareholding of Paradise Plastics Enterprises 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Paradise Plastics Enterprises Limited, buy the company report.

Charges & borrowings

Open charges
₹45.61 Cr
Satisfied charges
₹47.14 Cr
Breakdown by lending institutions
Others₹29.15 Cr
Tata Capital Financial Services Limited₹16.20 Cr
Hdfc Bank Limited₹0.26 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 Mar 2023100777577Tata Capital Financial Services Limited₹45.64 LakhOpen
24 Jan 2022100541705Tata Capital Financial Services Limited₹4.84 CrOpen
28 Sep 2020100374888Tata Capital Financial Services Limited₹90 LakhOpen
13 Nov 2018100227020Tata Capital Financial Services Limited₹10 CrOpen
22 Oct 2018100238609Hdfc Bank Limited₹26 LakhOpen

To see the full charge records of Paradise Plastics Enterprises Limited, buy the company report.

Total charge records: 19 View all charges

Deals & funding

Paradise Plastics Enterprises Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹80 Lakh; the latest was in March 2023.

Total deals
6
Secondary share transfers
5
Funding round
1
Disclosed funding
₹80 Lakh

Deals on record (5 of 6)

WhenDealAmountParties
Mar 2023Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 4 individuals
Jan 2015Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
Mar 2014Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals
Mar 2010Funding round₹80 LakhInvestors: an individual
Feb 2008Secondary share transferUndisclosedBuyer: an individual
Seller: an individual

To see the full deal history of Paradise Plastics Enterprises Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Paradise Plastics Enterprises Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Paradise Plastics Enterprises Limited has a workforce of 20 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.

Employee count
20
Active EPFO establishments
1
Employee growth
-51.22%

GST

Paradise Plastics Enterprises has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
27AABCP5932G1ZFMaharashtraActive25 Apr 2023
06AABCP5932G1ZJHaryanaActive01 Jul 2017
09AABCP5932G1ZDUttar PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Paradise Plastics Enterprises Limited, buy the company report.

Recent activity

Paradise Plastics Enterprises Limited has 10 board changes on record since 2004: 3 appointments and 7 cessations. The latest: Hemant Vithaldas Shah ceased to be Director on 04 Dec 2020.

Charges
A charge registered on 17 Jul 2021 via Charge ID 100465442 with Standard Chartered Bank was fully satisfied on 13 Dec 2024.
Charges
A charge registered on 08 Jun 2021 via Charge ID 100465399 with Standard Chartered Bank was fully satisfied on 13 Dec 2024.
AGM
Paradise Plastics Enterprises Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Paradise Plastics Enterprises Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 0.46 Cr with Charge ID 100777577 was registered on 14 Mar 2023.
Charges
A charge registered on 31 Dec 2018 via Charge ID 100250501 with Standard Chartered Bank was fully satisfied on 27 May 2022.
Charges
A charge with Others of Rs. 29.15 Cr registered on 19 Nov 2011 with Charge ID 10320035 was modified on 28 Apr 2022.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 4.84 Cr with Charge ID 100541705 was registered on 24 Jan 2022.
Charges
A charge with Standard Chartered Bank amounted to Rs. 1.20 Cr with Charge ID 100465442 was registered on 17 Jul 2021.
Charges
A charge with Standard Chartered Bank amounted to Rs. 1.20 Cr with Charge ID 100465399 was registered on 08 Jun 2021.
Ceased
Hemant Vithaldas Shah ceased to be Director.
Ceased
Jitendra Harakhchand Shah ceased to be Director.

43 earlier events are in the company report.

Frequently asked questions

Paradise Plastics Enterprises is an active public limited company based in Mumbai, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 27 January 1986 (40+ years old) and is registered under CIN U74999MH1986PLC074410.

Paradise Plastics Enterprises has 3 current directors:

The latest financial statements of Paradise Plastics Enterprises on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Paradise Plastics Enterprises is 27AABCP5932G1ZF, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 06AABCP5932G1ZJ (Haryana), 09AABCP5932G1ZD (Uttar Pradesh).

The CIN (Corporate Identification Number) of Paradise Plastics Enterprises is U74999MH1986PLC074410. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Paradise Plastics Enterprises has 76 court cases on record: 18 filed by the company and 58 filed against it. 10 are pending. Most are in the district courts.

Paradise Plastics Enterprises was incorporated on 27 January 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.

Paradise Plastics Enterprises has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹80 Lakh; the latest was in March 2023.

The peers of Paradise Plastics Enterprises by revenue are Vanshaj Clothing Private Limited, Jagannath Polymers Pvt Ltd, Rajdeep Plast-Tec Private Limited, V2s Polypack Private Limited, Unifix Plast Private Limited and 1 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).

Hemant Vithaldas Shah ceased to be Director on 04 Dec 2020. Jitendra Harakhchand Shah ceased to be Director on 04 Dec 2020. Harsh Yogesh Gandhi was appointed as Managing Director on 01 Nov 2020. Paradise Plastics Enterprises has 10 board changes on record in total.

Yes, Paradise Plastics Enterprises is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0003244).