Pawan Formalin Private Limited
About Pawan Formalin Private Limited
Data last updated:
Pawan Formalin Private Limited was a private limited company based in Morbi, Gujarat, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the plastic and resins segment of the manufacturing sector. It was incorporated on 03 October 2013.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24233GJ2013PTC077054. Its GSTIN is 24AAICP2055P1Z3 (Gujarat).
The company had an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹2.02 Cr. It was led by directors Kumarbhai Karshanbhai Hothi and Karsonbhai Kanjibhai Hothi.
Its last annual general meeting (AGM) was held on 16 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at C/O. Naklank Laminates At: Jambudiya 8 – A National Highway, Morbi, Gujarat, India – 363642.
As per the financials filed for FY 2023, the company reported a revenue of ₹21.81 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹4.93 Lakh (net margin 0.2%) and EBITDA of ₹35.81 Lakh (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 4% over five years.
As per MCA filings, the company has satisfied charges of ₹3 Cr on record.
Company details
Contact details
Pawan Formalin Private Limited's registered office is in Morbi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O. Naklank Laminates At: Jambudiya 8 – A National Highway, Morbi, Gujarat, India – 363642
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Pawan Formalin 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
Business activity
The main business activity of Pawan Formalin is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Pawan Formalin Private Limited, buy the company report.
Financials of Pawan Formalin Private Limited
FY 2023 filings availablePawan Formalin Private Limited reported revenue of ₹21.81 Cr (down 29% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 29% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 71% 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 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹35.81 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.93 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | 0.2% | ||||
| 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 Pawan Formalin Private Limited, buy the company report.
Board of directors of Pawan Formalin Private Limited
Pawan Formalin 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 |
|---|---|---|---|---|
| Kumarbhai Karshanbhai Hothi Also directs: Pawan Formalin LLP | Director | 03 Oct 2013 | 13 Years 0 Months | As last reported |
| Karsonbhai Kanjibhai Hothi Also directs: Pawan Formalin LLP | Director | 20 Sep 2019 | 7 Years 1 Months | As last reported |
Peer comparison
Pawan Formalin Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Plastics and Resins), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Singareni Chemicals Private Limited | ₹22.34 Cr (FY 2025) | -16.0% | Secunderabad, Telangana, India | |||
| Pawan Formalin Private Limitedthis company | ₹21.81 Cr (FY 2023) | ₹4.93 Lakh | 0.2% | -29.0% | Morbi, Gujarat, India | |
| Pragati Chemicals Limited | ₹21.65 Cr (FY 2019) | 10.0% | Mumbai, Maharashtra, India | |||
| Rosevalley Polymers Private Limited | ₹21.6 Cr (FY 2018) | 35.0% | Haryana, India | |||
| Adperma Private Limited | ₹21.58 Cr (FY 2025) | 8758.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Pawan Formalin Private Limited, buy the company report.
Auditor
Pawan Formalin Private Limited is audited by PATEL SONI SHAH & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL SONI SHAH & CO | FY 2020 | 127904W |
Shareholding
The shareholding of Pawan Formalin Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pawan Formalin Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2016 | 10626465 | Sidbi | ₹3 Cr | Satisfied |
To see the full charge records of Pawan Formalin Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Pawan Formalin Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pawan Formalin Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pawan Formalin has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICP2055P1Z3 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pawan Formalin Private Limited, buy the company report.
Recent activity
Pawan Formalin Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Akash Gunvanrai Hothi ceased to be Director on 08 Nov 2019.
Frequently asked questions
Pawan Formalin has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Pawan Formalin was a private limited company based in Morbi, Gujarat, India. The company worked in plastic and resins, within the manufacturing industry. It was incorporated on 03 October 2013 and is registered under CIN U24233GJ2013PTC077054. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Pawan Formalin is U24233GJ2013PTC077054. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pawan Formalin had 2 directors:
- Kumarbhai Karshanbhai Hothi - Director
- Karsonbhai Kanjibhai Hothi - Director
Pawan Formalin was incorporated on 03 October 2013. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Pawan Formalin is at CO. Naklank Laminates At: Jambudiya 8 – A National Highway, Morbi, Gujarat, India – 363642.
The latest financial statements of Pawan Formalin on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 16 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Pawan Formalin is 24AAICP2055P1Z3, registered in Gujarat.
Pawan Formalin operated in the manufacturing industry, in the plastic and resins segment.
The peers of Pawan Formalin by revenue are Singareni Chemicals Private Limited, Pragati Chemicals Limited, Rosevalley Polymers Private Limited, Adperma Private Limited, all in the Manufacturing industry (Plastics and Resins), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Akash Gunvanrai Hothi ceased to be Director on 08 Nov 2019. Karsonbhai Kanjibhai Hothi was appointed as Director on 20 Sep 2019. Kumarbhai Karshanbhai Hothi was appointed as Director on 03 Oct 2013.