Pinakin Plastoforming Limited

Pinakin Plastoforming Limited - manufacturing in Vadodara, Gujarat, India. FY 2026 financials & compliance.
CIN U21092GJ2002PLC040323 Incorporated 02 January 2002 ROC Ahmedabad HQ Vadodara, Gujarat, India
Active Public Limited Company manufacturing MSME · Micro
Data last updated
Revenue · FY 2022
₹48.67 Lakh
▼ 77% YoY
Net loss · FY 2022
₹36.08 Lakh
Net margin -74.1%
EBITDA · FY 2022
-₹29.27 Lakh
EBITDA margin -60.1%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹4.24 Cr
Issued & subscribed
Open charges
₹17 Cr
Satisfied ₹26.74 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
10
Provident fund records

About Pinakin Plastoforming Limited

Data last updated:

Pinakin Plastoforming Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 02 January 2002 and has been in existence for over 24 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U21092GJ2002PLC040323. Its GSTIN is 24AACCP8428J1Z8 (Gujarat).

The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹4.24 Cr. It was formerly known as Pinakin Plastoforming Private Limited. It is led by directors including Dineshkumar Bhuleshwar Joshi (Managing Director) and Divyesh Dineshkumar Joshi (Whole-Time Director).

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 C/28 Road No. 4 Sardar Industrial Estate Ajwa Road, Vadodara, Gujarat, India – 390019.

As per the financials filed for FY 2022, the company reported a revenue of ₹48.67 Lakh, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹36.08 Lakh (net margin -74.1%) and EBITDA of -₹29.27 Lakh (EBITDA margin -60.1%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 49% over five years.

The company has about 10 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹17 Cr and satisfied charges of ₹26.74 Cr on record. Court records list 19 cases involving the company, including 11 filed by the company and 8 filed against it.

Pinakin Plastoforming Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0019033). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U21092GJ2002PLC040323
Registration Number 040323
Incorporation Date 02 January 2002
ROC Ahmedabad
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-GJ-24-0019033

CIN history

Pinakin Plastoforming has one previous CIN (Corporate Identification Number): U21092GJ2002PTC040323. The current CIN is U21092GJ2002PLC040323, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U21092GJ2002PLC040323Current
U21092GJ2002PTC040323Previous
Key People
Dineshkumar Bhuleshwar Joshi Managing Director Divyesh Dineshkumar Joshi Whole-Time Director Pratiksha Divyesh Joshi Director

Recognitions & Rankings of Pinakin Plastoforming

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-GJ-24-0019033

Contact details

Pinakin Plastoforming Limited's registered office is in Vadodara, Gujarat. Its e-mail address is in the company report.

  • Email
  • Registered Address
    C/28 Road No. 4 Sardar Industrial Estate Ajwa Road, Vadodara, Gujarat, India – 390019
  • Industry
    Manufacturing, Plastic-Based Products

To see the full contact details of Pinakin Plastoforming Limited, buy the company report.

Comprehensive company report
Pinakin Plastoforming 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 Pinakin Plastoforming is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC3Wood and wood products, furniture, paper and paper products

To see the full business activity and turnover split of Pinakin Plastoforming Limited, buy the company report.

Financials of Pinakin Plastoforming Limited

FY 2022 filings available

Pinakin Plastoforming Limited reported revenue of ₹48.67 Lakh (down 77% YoY) for FY 2022.

Revenue · FY 2022
₹48.67 Lakh ▼ 77%
Net loss · FY 2022
₹36.08 Lakh margin -74.1%
EBITDA · FY 2022
-₹29.27 Lakh margin -60.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 77%
3 years · compounded
▼ 55%
5 years · compounded
▼ 49%
EBITDA CAGR growth
1 year
▲ 83%
3 years · compounded
▲ 5%
5 years · compounded
▼ 17%

Revenue has declined at a compounded annual rate (CAGR) of 49% over five years, including a 77% fall in the latest year. EBITDA rose 83% 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 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
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-₹29.27 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹36.08 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin-60.1%
Net Profit Margin-74.1%
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 Pinakin Plastoforming Limited, buy the company report.

Board of directors of Pinakin Plastoforming Limited

Pinakin Plastoforming has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Divyesh Dineshkumar JoshiWhole-Time Director02 Jan 200224 Years 10 MonthsCurrent
Dineshkumar Bhuleshwar JoshiManaging Director02 Jan 200224 Years 10 MonthsCurrent
Pratiksha Divyesh JoshiDirector08 Dec 200916 Years 10 MonthsCurrent
View all directors

Auditor

Pinakin Plastoforming Limited is audited by S F TAI & ASSOCIATES for the financial year 2020.

Auditor firmFinancial yearFirm registration number
S F TAI & ASSOCIATESFY 2020114819W

Shareholding

The shareholding of Pinakin Plastoforming Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2020FY 2019FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Pinakin Plastoforming Limited, buy the company report.

Charges & borrowings

Open charges
₹17 Cr
Satisfied charges
₹26.74 Cr
Breakdown by lending institutions
Others₹17.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
17 Oct 201510597735Others₹8.5 CrOpen
08 Oct 201510597364Others₹8.5 CrOpen
20 Mar 201310417521Dena Bank₹8.01 CrSatisfied
09 Mar 201310417527Dena Bank₹8.01 CrSatisfied
18 May 201010224176Bank of India₹5.16 CrSatisfied

To see the full charge records of Pinakin Plastoforming Limited, buy the company report.

Total charge records: 8 View all charges

Credit ratings & regulatory alerts

Pinakin Plastoforming Limited was last rated by Care on 24 Aug 2021.

Rating agencyRated onRating
Care24 Aug 2021

To see the full credit ratings and regulatory alerts of Pinakin Plastoforming Limited, buy the company report.

MSME payment delays

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

Employees & EPFO

Pinakin Plastoforming Limited has a workforce of 10 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.

Employee count
10
Active EPFO establishments
1
Employee growth
-16.67%

GST

Pinakin Plastoforming has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AACCP8428J1Z8GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Pinakin Plastoforming Limited, buy the company report.

Recent activity

Pinakin Plastoforming Limited has 13 board changes on record since 2002: 8 appointments and 5 cessations. The latest: Baldevsinh Jashubha Parmar ceased to be Director on 31 Mar 2017.

AGM
Pinakin Plastoforming Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Pinakin Plastoforming Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Ahmedabad.
Ceased
Baldevsinh Jashubha Parmar ceased to be Director.
Ceased
Bela Atul Shah ceased to be Director.
Ceased
Dhirubhai Durlabhbhai Solanki ceased to be Company Secretary.
Ceased
Rajeshkumar Vasantlal Patel ceased to be Director.
Charges
A charge with Others of Rs. 8.50 Cr registered on 17 Oct 2015 with Charge ID 10597735 was modified on 08 Mar 2016.
Charges
A charge with Others of Rs. 8.50 Cr registered on 08 Oct 2015 with Charge ID 10597364 was modified on 08 Mar 2016.
Appointed
Baldevsinh Jashubha Parmar was appointed as Director.
Appointed
Bela Atul Shah was appointed as Director.
Appointed
Dhirubhai Durlabhbhai Solanki was appointed as Company Secretary.
Appointed
Rajeshkumar Vasantlal Patel was appointed as Director.

22 earlier events are in the company report.

Frequently asked questions

Pinakin Plastoforming is an active public limited company based in Vadodara, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 02 January 2002 (24+ years old) and is registered under CIN U21092GJ2002PLC040323.

Pinakin Plastoforming has 3 current directors:

The latest financial statements of Pinakin Plastoforming 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 Pinakin Plastoforming is 24AACCP8428J1Z8, registered in Gujarat.

The CIN (Corporate Identification Number) of Pinakin Plastoforming is U21092GJ2002PLC040323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Pinakin Plastoforming has 19 court cases on record: 11 filed by the company and 8 filed against it. Most are in the district courts.

Pinakin Plastoforming was incorporated on 02 January 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Baldevsinh Jashubha Parmar ceased to be Director on 31 Mar 2017. Bela Atul Shah ceased to be Director on 31 Mar 2017. Dhirubhai Durlabhbhai Solanki ceased to be Company Secretary on 31 Mar 2017. Pinakin Plastoforming has 13 board changes on record in total.

Yes, Pinakin Plastoforming is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-24-0019033).

The registered office of Pinakin Plastoforming is at C28 Road No. 4 Sardar Industrial Estate Ajwa Road, Vadodara, Gujarat, India – 390019.