PRIVATE_LIMITED.webp)
About Saastha Plastics (India )Private Limited
Data last updated:
Saastha Plastics (India )Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 14 November 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA1995PTC019155. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Pynat Raghavannair Sasidharan and Girija Krishnappa.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 40 – I – 1 1st Main 1 Cross Dok2Nd Phase Mahadevapura Bangalore, Karnataka, India – 560048.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.19 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹32.5 Lakh (net margin -7.7%) and EBITDA of ₹50.22 Lakh (EBITDA margin 12%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
As per MCA filings, the company has open charges of ₹15.03 Cr and satisfied charges of ₹1.72 Cr on record. Court records list 5 cases involving the company, including 5 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website spipl.com.
Company details
Contact details
Saastha Plastics (India )Private Limited's registered office is in Bangalore, Karnataka. Its website is spipl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address40 – I – 1 1st Main 1 Cross Dok2Nd Phase Mahadevapura Bangalore, Karnataka, India – 560048
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Saastha Plastics (India )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 Saastha Plastics (India ) is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Saastha Plastics (India )Private Limited, buy the company report.
Financials of Saastha Plastics (India )Private Limited
FY 2018 filings availableSaastha Plastics (India )Private Limited reported revenue of ₹4.19 Cr (down 4% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 19% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹4.19 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹50.22 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹32.5 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 12% | |||
| Net Profit Margin | -7.7% | |||
| 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 Saastha Plastics (India )Private Limited, buy the company report.
Board of directors of Saastha Plastics (India )Private Limited
Saastha Plastics (India ) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pynat Raghavannair Sasidharan Also directs: Pynat Corporation India Private Limited | Director | 14 Nov 1995 | 30 Years 11 Months | Current |
| Girija Krishnappa Also directs: Pynat Corporation India Private Limited | Director | 14 Nov 1995 | 30 Years 11 Months | Current |
Peer comparison
Saastha Plastics (India )Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Electronic Appliances Manufacturing, 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nikshi Enterprises Private Limited | ₹4.21 Cr (FY 2024) | -36.0% | New Delhi, Delhi, India | |||
| Saastha Plastics (India )Private Limitedthis company | ₹4.19 Cr (FY 2018) | -₹32.5 Lakh | -7.7% | -4.0% | Bangalore, Karnataka, India | |
| Makarjyothi Polymers Private Limited | ₹4.19 Cr (FY 2025) | -5.0% | Pune, Maharashtra, India | |||
| Nutan Plastic Works Private Limited | ₹4.16 Cr (FY 2025) | 2532.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Saastha Plastics (India )Private Limited, buy the company report.
Auditor
Saastha Plastics (India )Private Limited is audited by HARI & VASU for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARI & VASU | FY 2018 | 001061S |
Shareholding
The shareholding of Saastha Plastics (India )Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Saastha Plastics (India )Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2015 | 10588208 | Canara Bank | ₹10.68 Cr | Open | |
| 19 Jun 2015 | 10588210 | Canara Bank | ₹4.35 Cr | Open | |
| 01 Jan 2002 | 90200670 | State Bank of India | ₹1.28 Cr | Satisfied | |
| 05 Nov 1998 | 90199156 | State Bank of India | ₹10 Lakh | Satisfied | |
| 05 Nov 1998 | 90200315 | State Bank of India | ₹10 Lakh | Satisfied |
To see the full charge records of Saastha Plastics (India )Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Saastha Plastics (India )Private Limited has 5 court cases on record: 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 0 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Dme India Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Dme India Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed against the company by Canara Bank | Disposed |
To see the full case history of Saastha Plastics (India )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 Saastha Plastics (India )Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saastha Plastics (India ) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Saastha Plastics (India )Private Limited, buy the company report.
Recent activity
Saastha Plastics (India )Private Limited has 2 board changes on record since 1995: 2 appointments. The latest: Girija Krishnappa was appointed as Director on 14 Nov 1995.
12 earlier events are in the company report.
Frequently asked questions
Saastha Plastics (India ) is an active private limited company based in Bangalore, Karnataka, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 14 November 1995 (31+ years old) and is registered under CIN U31909KA1995PTC019155.
Saastha Plastics (India ) has 2 current directors:
- Pynat Raghavannair Sasidharan - Director
- Girija Krishnappa - Director
The latest financial statements of Saastha Plastics (India ) on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Saastha Plastics (India ) has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Saastha Plastics (India ) is U31909KA1995PTC019155. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saastha Plastics (India ) has 5 court cases on record: 5 filed against it.
Saastha Plastics (India ) was incorporated on 14 November 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Saastha Plastics (India ) by revenue are Nikshi Enterprises Private Limited, Makarjyothi Polymers Private Limited, Nutan Plastic Works Private Limited, all in the Manufacturing industry (Electronic Appliances Manufacturing, Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Girija Krishnappa was appointed as Director on 14 Nov 1995. Pynat Raghavannair Sasidharan was appointed as Director on 14 Nov 1995.
Saastha Plastics (India ) can be reached through the website spipl.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Saastha Plastics (India ) is at 40 – I – 1 1st Main 1 Cross Dok2Nd Phase Mahadevapura Bangalore, Karnataka, India – 560048.