About Safal Flexibond Private Limited
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Safal Flexibond Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 27 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25202GJ2009PTC058443. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹47.76 Lakh. It is led by directors Niruben Pratapbhai Thakkar and Hemalkumar Pratapbhai Thakkar.
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 52 – 55 Kailash Ind. Estate – I Nr. Sardar Patel Ring Road Odhav, Ahmedabad, Gujarat, India – 382415.
As per the financials filed for FY 2018, the company reported a revenue of ₹72.95 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹3.3 Cr (net margin 4.5%) and EBITDA of ₹8.32 Cr (EBITDA margin 11.4%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years.
As per MCA filings, the company has open charges of ₹71.41 Cr and satisfied charges of ₹1.3 Cr on record. Court records list 13 cases involving the company, including 13 filed against it; 1 case is pending. The company has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹99 Lakh; the latest was in February 2018.
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 safalflexibond.com.
Company details
Contact details
Safal Flexibond Private Limited's registered office is in Ahmedabad, Gujarat. Its website is safalflexibond.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address52 – 55 Kailash Ind. Estate – I Nr. Sardar Patel Ring Road Odhav, Ahmedabad, Gujarat, India – 382415
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Safal Flexibond 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 Safal Flexibond 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 Safal Flexibond Private Limited, buy the company report.
Financials of Safal Flexibond Private Limited
FY 2018 filings availableSafal Flexibond Private Limited reported revenue of ₹72.95 Cr (up 33% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 46% over three years, including 33% growth in the latest year. EBITDA rose 66% 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 | ₹72.95 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹8.32 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹3.3 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 11.4% | |||
| Net Profit Margin | 4.5% | |||
| 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 Safal Flexibond Private Limited, buy the company report.
Board of directors of Safal Flexibond Private Limited
Safal Flexibond has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niruben Pratapbhai Thakkar | Director | 20 May 2013 | 13 Years 5 Months | Current |
| Hemalkumar Pratapbhai Thakkar | Director | 27 Oct 2009 | 17 Years 0 Months | Current |
Auditor
Safal Flexibond Private Limited is audited by A S GUPTA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S GUPTA & ASSOCIATES | FY 2018 | 116882W |
Shareholding
The shareholding of Safal Flexibond 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 Safal Flexibond Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2018 | 100220650 | Tata Capital Financial Services Limited | ₹4.3 Cr | Open | |
| 18 Jan 2018 | 100163151 | State Bank of India | ₹23.5 Cr | Open | |
| 29 Nov 2017 | 100149297 | Tata Capital Financial Services Limited | ₹1 Cr | Open | |
| 04 May 2017 | 100107533 | Tata Capital Financial Services Limited | ₹2.01 Cr | Open | |
| 28 Feb 2017 | 100084781 | Hdfc Bank Limited | ₹9 Cr | Open |
To see the full charge records of Safal Flexibond Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Safal Flexibond Private Limited has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹99 Lakh; the latest was in February 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Rights issue | ₹4.72 Cr | Investors: 3 individuals |
| Mar 2015 | Rights issue | ₹3.33 Cr | Investors: 3 individuals |
| Mar 2012 | Funding round | ₹99 Lakh | Investors: 2 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Safal Flexibond Private Limited has 13 court cases on record: 13 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 1 |
| High courts | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by HDFC Bank Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (EXE S) | Filed against the company by Tata Capital Financial Services Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by HDFC Bank Limited- Anil Sankhla | Disposed |
| High Court of Gujarat | Special civil application | Filed against the company by Aditya Birla Finance Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Paresh Packing Pvt. Ltd. | Pending |
To see the full case history of Safal Flexibond 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.
Credit ratings & regulatory alerts
Safal Flexibond Private Limited was last rated by Crisil on 26 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 26 May 2020 |
To see the full credit ratings and regulatory alerts of Safal Flexibond Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Safal Flexibond Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Safal Flexibond 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 Safal Flexibond Private Limited, buy the company report.
Recent activity
Safal Flexibond Private Limited has 6 board changes on record since 2009: 2 appointments and 4 cessations. The latest: Niruben Pratapbhai Thakkar was appointed as Director on 20 May 2013.
15 earlier events are in the company report.
Frequently asked questions
Safal Flexibond is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 27 October 2009 (17+ years old) and is registered under CIN U25202GJ2009PTC058443.
Safal Flexibond has 2 current directors:
- Niruben Pratapbhai Thakkar - Director
- Hemalkumar Pratapbhai Thakkar - Director
The latest financial statements of Safal Flexibond 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. Safal Flexibond has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Safal Flexibond is U25202GJ2009PTC058443. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Safal Flexibond has 13 court cases on record: 13 filed against it. 1 is pending. Most are in the district courts.
Safal Flexibond was incorporated on 27 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Safal Flexibond has 4 deals on record (2 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹99 Lakh; the latest was in February 2018.
Niruben Pratapbhai Thakkar was appointed as Director on 20 May 2013. Prashantkumar Pratapbhai Thakkar ceased to be Additional Director on 29 Sep 2012. Megha Hemalkumar Thakkar ceased to be Director on 05 May 2012. Safal Flexibond has 6 board changes on record in total.
Safal Flexibond can be reached through the website safalflexibond.com. Its registered office is in Ahmedabad, Gujarat, India.
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