About Sacos Indigo Private Limited
Data last updated:
Sacos Indigo Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Neo Corp International Limited. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the woven packaging products segment of the packaging sector. It was incorporated on 25 April 1985.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24222MH1985PTC214671. Its GSTIN is 23AABCG1308B1ZK (Madhya Pradesh).
The company had an authorised share capital of ₹25 Cr and a paid-up capital of ₹22.94 Cr. It was formerly known as Saaj Flexipack Private Limited. It was led by directors including Sunil Kumar Trivedi and Kiran Phulpagar.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹230.71 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹31.75 Cr (net margin -13.8%) and EBITDA of -₹13.45 Cr (EBITDA margin -5.8%).
As per MCA filings, the company had open charges of ₹189.9 Cr and satisfied charges of ₹82.15 Cr on record. Court records list 22 cases involving the company, including 10 filed by the company and 12 filed against it; 5 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹22.92 Cr; the latest was in March 2013. Its 3 peer companies in the Packaging industry (Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 smaller; the largest is Polyspin Exports Limited with revenue of ₹228.84 Cr.
The last known website on record is neocorp.co.in.
Company details
CIN history
Sacos Indigo has one previous CIN (Corporate Identification Number): U24222MP1985PTC002841. The current CIN is U24222MH1985PTC214671, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24222MH1985PTC214671 | Current |
| U24222MP1985PTC002841 | Previous |
Contact details
Sacos Indigo Private Limited's registered office is in Mumbai, Maharashtra. Its website is neocorp.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address220 Mahavir Industrial Estate Opposite Mahakali Caves Road Andheri (E, ), Mumbai, Maharashtra, India – 400093
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Sacos Indigo 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 Sacos Indigo 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 Sacos Indigo Private Limited, buy the company report.
Financials of Sacos Indigo Private Limited
FY 2016 filings availableSacos Indigo Private Limited reported revenue of ₹230.71 Cr (down 24% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year. EBITDA fell 149% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹230.71 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹13.45 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹31.75 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -5.8% | |
| Net Profit Margin | -13.8% | |
| 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 Sacos Indigo Private Limited, buy the company report.
Board of directors of Sacos Indigo Private Limited
Sacos Indigo has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Kumar Trivedi | Director | 15 Mar 2016 | 10 Years 7 Months | As last reported |
| Kiran Phulpagar Also directs: Prism Flexible Solutions Private Limited | Director | 13 Aug 2016 | 10 Years 2 Months | As last reported |
| Utkarsh Trivedi | Director | 06 Jan 2010 | 16 Years 10 Months | As last reported |
Peer comparison
Sacos Indigo Private Limited is compared with the 3 companies closest to it by revenue in the Packaging industry (Woven 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 |
|---|---|---|---|---|---|---|
| Sacos Indigo Private Limitedthis company | ₹230.71 Cr (FY 2016) | -₹31.75 Cr | -13.8% | -24.0% | Mumbai, Maharashtra, India | |
| Polyspin Exports Limited | ₹228.84 Cr (FY 2025) | 11.0% | Tamil Nadu, India | |||
| Sun Polytex Private Limited | ₹224.97 Cr (FY 2025) | 36.0% | Udaipur, Rajasthan, India | |||
| Bright Packaging Private Limited | ₹220.11 Cr (FY 2025) | -12.0% | Karnataka, India |
To see the full peer comparison of Sacos Indigo Private Limited, buy the company report.
Auditor
Sacos Indigo Private Limited is audited by S N KABRA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S N KABRA & CO | FY 2016 | 003439C |
Shareholding
The shareholding of Sacos Indigo Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Sacos Indigo Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Sep 2013 | 10451111 | Punjab National Bank | ₹10 Cr | Open | |
| 22 May 2012 | 10361811 | State Bank of India | ₹117.16 Cr | Open | |
| 22 May 2012 | 10365761 | State Bank of India | ₹20 Cr | Open | |
| 22 Feb 2010 | 10207822 | State Bank of India | ₹42.74 Cr | Open | |
| 02 Sep 2014 | 10517936 | State Bank of India | ₹7.5 Cr | Satisfied |
To see the full charge records of Sacos Indigo Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Sacos Indigo Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹22.92 Cr; the latest was in March 2013.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Funding round | ₹10.17 Cr | Investors: Neo Corp International Limited |
| Jun 2010 | Funding round | ₹12.75 Cr | Investors: Neo Corp International Limited , 3 individuals |
| Dec 2009 | Secondary share transfer | Undisclosed | Buyer: Neo Corp International Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sacos Indigo Private Limited has 22 court cases on record: 10 filed by Sacos Indigo, 12 filed against it. 5 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 9 | 5 |
| High courts | 3 | 0 | 0 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Plastiblends India Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by M/S. Som Shiva (Impex) Ltd. Through Its Autho. Person Dhiren Bharat Parikh | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by Bajaj Finance Ltd | Disposed |
| District court, Nagpur, Maharashtra | Commercial suit | Filed against the company by Luk Plastocon Limited Through Director Rajesh Narayandas Modi | Pending |
| District court, Indore, Madhya Pradesh | Court case (SC EOW) | Filed against the company by an individual | Pending |
To see the full case history of Sacos Indigo 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 Sacos Indigo Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sacos Indigo Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Sacos Indigo has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCG1308B1ZK | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sacos Indigo Private Limited, buy the company report.
Recent activity
Sacos Indigo Private Limited has 10 board changes on record since 2009: 3 appointments and 7 cessations. The latest: Kiran Phulpagar ceased to be Additional Director on 30 Sep 2016.
17 earlier events are in the company report.
Frequently asked questions
Sacos Indigo has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Sacos Indigo was a private limited company based in Mumbai, Maharashtra, India. The company worked in woven packaging products, within the packaging industry. It was incorporated on 25 April 1985 and is registered under CIN U24222MH1985PTC214671. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Sacos Indigo was incorporated on 25 April 1985. It is registered with the Registrar of Companies, Mumbai.
Sacos Indigo had 3 directors:
- Sunil Kumar Trivedi - Director
- Kiran Phulpagar - Director
- Utkarsh Trivedi - Director
The CIN (Corporate Identification Number) of Sacos Indigo is U24222MH1985PTC214671. 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 Sacos Indigo is at 220 Mahavir Industrial Estate Opposite Mahakali Caves Road Andheri E, , Mumbai, Maharashtra, India – 400093.
Sacos Indigo can be reached through the website neocorp.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Sacos Indigo on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The GSTIN of Sacos Indigo is 23AABCG1308B1ZK, registered in Madhya Pradesh.
Sacos Indigo operated in the packaging industry, in the woven packaging products segment.
Sacos Indigo has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹22.92 Cr; the latest was in March 2013.
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