S P S Processors Private Limited
About S P S Processors Private Limited
Data last updated:
S P S Processors Private Limited was a private limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Bodal Chemicals Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 20 June 2002.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2002PTC127990. Its GSTIN is 09AAGCS9556C1Z1 (Uttar Pradesh). The company held 6 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1.65 Cr and a paid-up capital of ₹1.62 Cr. It was led by directors including Dhwanik Kumar Rakeshbhai Patel and Sunil Kanaiyalal Mehta.
Its last annual general meeting (AGM) was held on 22 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Plot No. 123 & 124 GIDC Phase – I Vatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2022, the company reported a revenue of ₹159.93 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net loss of ₹11.46 Cr (net margin -7.2%) and EBITDA of -₹2.36 Cr (EBITDA margin -1.5%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 12% over five years.
The company had about 25 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹21.76 Cr on record. Court records list 36 cases involving the company, including 5 filed by the company and 31 filed against it. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2017. Its 8 peer companies in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 4 smaller; the largest is Indo Colchem Limited with revenue of ₹167.58 Cr. The company has 4 MSME Form 1 returns on record between 2020 and 2022, listing 18 overdue payments to 2 micro and small suppliers.
Company details
CIN history
S P S Processors has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24100GJ2002PTC127990, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100GJ2002PTC127990 | Current |
| U18201DL2002PTC115883 | Previous |
| U24100DL2002PTC115883 | Previous |
Contact details
S P S Processors Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 123 & 124 GIDC Phase – I Vatva, Ahmedabad, Gujarat, India – 382445
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of S P S Processors 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 S P S Processors 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 S P S Processors Private Limited, buy the company report.
Financials of S P S Processors Private Limited
FY 2022 filings availableS P S Processors Private Limited reported revenue of ₹159.93 Cr (up 61% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 61% growth in the latest year. EBITDA fell 140% 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 | ₹159.93 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.36 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.46 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.5% | ||||
| Net Profit Margin | -7.2% | ||||
| 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 S P S Processors Private Limited, buy the company report.
Board of directors of S P S Processors Private Limited
S P S Processors has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhwanik Kumar Rakeshbhai Patel | Director | 20 Aug 2018 | 8 Years 2 Months | As last reported |
| Sunil Kanaiyalal Mehta | Director | 06 Oct 2020 | 6 Years 0 Months | As last reported |
| Rakeshbhai Ravjibhai Patel | Director | 10 Jul 2017 | 9 Years 3 Months | As last reported |
| Dhyanam Sunilkumar Vyas | Additional Director | 15 Mar 2022 | 4 Years 7 Months | As last reported |
Peer comparison
S P S Processors Private Limited is compared with the 8 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), 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 |
|---|---|---|---|---|---|---|
| Indo Colchem Limited | ₹167.58 Cr (FY 2025) | -10.0% | Ahmedabad, Gujarat, India | |||
| Navpad Pigments Private Limited | ₹166.16 Cr (FY 2025) | 12.0% | Kadi, Gujarat, India | |||
| Vipul Organics Limited | ₹163.14 Cr (FY 2025) | 8.0% | Mumbai, Maharashtra, India | |||
| A-One Phthalo Colors Private Limited | ₹162.69 Cr (FY 2025) | 19.0% | Ahmedabad, Gujarat, India | |||
| S P S Processors Private Limitedthis company | ₹159.93 Cr (FY 2022) | -₹11.46 Cr | -7.2% | 61.0% | Ahmedabad, Gujarat, India | |
| Unilex Colours and Chemicals Limited | ₹157.81 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| R K Synthesis Limited | ₹156.12 Cr (FY 2025) | 20.0% | Ahmedabad, Gujarat, India | |||
| Mallak Specialties Private Limited | ₹155.67 Cr (FY 2022) | 4.0% | Mumbai, Maharashtra, India | |||
| Vibrantz Nubiola India Private Limited | ₹148.89 Cr (FY 2025) | 53.0% | Sriperumbudur, Tamil Nadu, India |
To see the full peer comparison of S P S Processors Private Limited, buy the company report.
Auditor
S P S Processors Private Limited is audited by Satish Jain & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Satish Jain & Co. | FY 2022 | 011970N |
Shareholding
The shareholding of S P S Processors Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of S P S Processors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2016 | 100047777 | Others | ₹1 Cr | Satisfied | |
| 19 Aug 2014 | 10524363 | Kotak Mahindra Bank Limited | ₹11.26 Cr | Satisfied | |
| 21 Jun 2013 | 10436886 | Oriental Bank of Commerce | ₹5.7 Cr | Satisfied | |
| 01 Jul 2006 | 10011855 | Oriental Bank of Commerce | ₹50 Lakh | Satisfied | |
| 30 Jun 2006 | 10011856 | Oriental Bank of Commerce | ₹3 Cr | Satisfied |
To see the full charge records of S P S Processors Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
S P S Processors Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Rights issue | ₹4.09 Cr | Investors: Bodal Chemicals Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Sanjay Jain HUF, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
S P S Processors Private Limited has 36 court cases on record: 5 filed by S P S Processors, 31 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 28 | 0 |
| High courts | 4 | 3 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Civil suit | Filed by the company against Lilliput Kidswear Ltd. and 3 others | Disposed |
| Allahabad High Court | Court case (WTAX) | Filed by the company against Union of India Through Its Secretary | Disposed |
| District court, Faridabad, Haryana | Criminal miscellaneous application | Filed by the company against M/S Sangar Overseas | Disposed |
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of S P S Processors 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
S P S Processors Private Limited has 4 MSME Form 1 returns on record between 2020 and 2022, listing 18 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Mufg Intime India Private Limited |
To see the full MSME payment records of S P S Processors Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
S P S Processors has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAGCS9556C1Z1 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of S P S Processors Private Limited, buy the company report.
Recent activity
S P S Processors Private Limited has 14 board changes on record since 2011: 4 appointments and 10 cessations. The latest: Keyur Dhanvantlal Gandhi ceased to be Additional Director on 28 Mar 2022.
20 earlier events are in the company report.
Frequently asked questions
S P S Processors has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
S P S Processors was a private limited company based in Ahmedabad, Gujarat, India. The company worked in dyes and pigments, within the chemicals and materials industry. It was incorporated on 20 June 2002 and is registered under CIN U24100GJ2002PTC127990. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
S P S Processors was incorporated on 20 June 2002. It is registered with the Registrar of Companies, Ahmedabad.
S P S Processors had 4 directors:
- Dhwanik Kumar Rakeshbhai Patel - Director
- Sunil Kanaiyalal Mehta - Director
- Rakeshbhai Ravjibhai Patel - Director
- Dhyanam Sunilkumar Vyas - Additional Director
The CIN (Corporate Identification Number) of S P S Processors is U24100GJ2002PTC127990. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of S P S Processors is at Plot No. 123 & 124 GIDC Phase – I Vatva, Ahmedabad, Gujarat, India – 382445.
The latest financial statements of S P S Processors on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 22 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of S P S Processors is 09AAGCS9556C1Z1, registered in Uttar Pradesh. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
S P S Processors operated in the chemicals and materials industry, in the dyes and pigments segment.
S P S Processors has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2017.
The peers of S P S Processors by revenue are Indo Colchem Limited, Navpad Pigments Private Limited, Vipul Organics Limited, A-One Phthalo Colors Private Limited, Unilex Colours and Chemicals Limited and 3 more, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
S P S Processors has 4 MSME Form 1 returns on record between 2020 and 2022, listing 18 overdue payments to 2 micro and small suppliers. The latest return was filed on 02 Jun 2022.