Platinum Synthetics Private Limited
About Platinum Synthetics Private Limited
Data last updated:
Platinum Synthetics Private Limited is a private limited company based in Surat, Gujarat, India, a subsidiary of Hingora Infrastructure Limited. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 21 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ2007PTC050320. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1.4 Cr and a paid-up capital of ₹1.4 Cr. It was formerly known as Platinum Infrastructure (Surat) Private Limited. It is led by directors Abdulkadir Abdulsattar Memon and Mohammed Shafi Ibrahim Daruwala.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 111 Empire State Building Ring Road, Surat, Gujarat, India – 395002.
As per the financials filed for FY 2019, the company reported a revenue of ₹41.75 Cr, a growth of 75% compared to the previous year. For the same year it recorded a net profit of ₹3.02 Lakh (net margin 0.1%) and EBITDA of ₹37.9 Lakh (EBITDA margin 0.9%). Revenue has declined at a compounded annual rate (CAGR) of 600% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹6.88 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 3 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹13.9 Cr; the latest was in June 2018.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Platinum Synthetics Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address111 Empire State Building Ring Road, Surat, Gujarat, India – 395002
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Platinum Synthetics 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 Platinum Synthetics is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Platinum Synthetics Private Limited, buy the company report.
Financials of Platinum Synthetics Private Limited
FY 2019 filings availablePlatinum Synthetics Private Limited reported revenue of ₹41.75 Cr (up 75% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 75% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA fell 85% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹41.75 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹37.9 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.02 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Platinum Synthetics Private Limited, buy the company report.
Board of directors of Platinum Synthetics Private Limited
Platinum Synthetics has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abdulkadir Abdulsattar Memon Also directs: Hingora Infrastructure Limited | Director | 16 Nov 2009 | 16 Years 11 Months | Current |
| Mohammed Shafi Ibrahim Daruwala | Director | 01 Jul 2009 | 17 Years 4 Months | Current |
Auditor
Platinum Synthetics Private Limited is audited by HEMANT P DALAL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HEMANT P DALAL & CO | FY 2019 | 115329W |
Shareholding
The shareholding of Platinum Synthetics Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Platinum Synthetics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2010 | 10252129 | Oriental Bank of Commerce | ₹6.88 Cr | Open |
To see the full charge records of Platinum Synthetics Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Platinum Synthetics Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹13.9 Cr; the latest was in June 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2012 | Funding round | ₹4 Cr | Investors: Hingora Infrastructure Limited |
| Mar 2010 | Funding round | ₹9.9 Cr | Investors: Hingora Infrastructure Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Platinum Synthetics Private Limited has 6 court cases on record: 6 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 3 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Silvassa, DNH at Silvasa | Civil suit | Filed against the company by M/S. Kishore Engineering Co. Pvt. Ltd Through Its Authorized Director Mr. Ram Kishore Saini | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Valsad, Gujarat | Court case (EXE R) | Filed against the company by M/S. D M Steel Suppliers Partnership Firm Parner Moinnuddin Azziz Khan | Disposed |
| District court, Valsad, Gujarat | Court case (SPCS) | Filed against the company by M/S. D M Steel Suppliers Partnership Firm Parner Moinnuddin Azziz Khan | Disposed |
To see the full case history of Platinum Synthetics 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 Platinum Synthetics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Platinum Synthetics has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Platinum Synthetics Private Limited, buy the company report.
Recent activity
Platinum Synthetics Private Limited has 9 board changes on record since 2008: 2 appointments and 7 cessations. The latest: Sohail Hanifbhai Hingora ceased to be Director on 02 May 2018.
2 earlier events are in the company report.
Frequently asked questions
Platinum Synthetics is an active private limited company based in Surat, Gujarat, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 21 March 2007 (19+ years old) and is registered under CIN U45201GJ2007PTC050320.
Platinum Synthetics has 2 current directors:
- Abdulkadir Abdulsattar Memon - Director
- Mohammed Shafi Ibrahim Daruwala - Director
The latest financial statements of Platinum Synthetics on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Platinum Synthetics has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Platinum Synthetics is U45201GJ2007PTC050320. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Platinum Synthetics has 6 court cases on record: 6 filed against it. 3 are pending. Most are in the district courts.
Platinum Synthetics was incorporated on 21 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Platinum Synthetics has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹13.9 Cr; the latest was in June 2018.
Sohail Hanifbhai Hingora ceased to be Director on 02 May 2018. Kamlesh Vishandas Motwani ceased to be Director on 02 Apr 2017. Jayprakash Vishindas Motwani ceased to be Director on 31 Aug 2011. Platinum Synthetics has 9 board changes on record in total.
The registered office of Platinum Synthetics is at 111 Empire State Building Ring Road, Surat, Gujarat, India – 395002.
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