About Saffron Proplus Private Limited
Data last updated:
Saffron Proplus 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 31 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25209KA2006PTC040368. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹66.76 Lakh. It was formerly known as S P Coats Private Limited. It is led by directors Anil Bhandari (Managing Director) and Manju Bhandari.
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 No 5 6 7 17th Cross Sri Vinayaka Layout Andrahalli Main Road Vishwaneedam Post, Bangalore, Karnataka, India – 560091.
As per the financials filed for FY 2018, the company reported a revenue of ₹3.82 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹2.28 Cr (net margin -59.8%) and EBITDA of -₹1.18 Cr (EBITDA margin -30.8%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.56 Cr and satisfied charges of ₹29 Lakh on record. Court records list 20 cases involving the company, including 1 filed by the company and 19 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spcoats.com.
Company details
Contact details
Saffron Proplus Private Limited's registered office is in Bangalore, Karnataka. Its website is spcoats.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 5 6 7 17th Cross Sri Vinayaka Layout Andrahalli Main Road Vishwaneedam Post, Bangalore, Karnataka, India – 560091
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Saffron Proplus 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 Saffron Proplus 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 Saffron Proplus Private Limited, buy the company report.
Financials of Saffron Proplus Private Limited
FY 2018 filings availableSaffron Proplus Private Limited reported revenue of ₹3.82 Cr (down 41% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over three years, including a 41% fall in the latest year. EBITDA fell 160% 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 |
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| EBITDA | -₹1.18 Cr | |||
| Profit Before Tax | ||||
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| Net Profit (PAT) | -₹2.28 Cr | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | ||||
| EBITDA Margin | -30.8% | |||
| Net Profit Margin | -59.8% | |||
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To see the full financial statements and ratios of Saffron Proplus Private Limited, buy the company report.
Board of directors of Saffron Proplus Private Limited
Saffron Proplus has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manju Bhandari Also directs: Seuro Polymech Private Limited, Saffron Shades Private Limited | Additional Director | 28 Mar 2019 | 7 Years 6 Months | Current |
| Anil Bhandari Also directs: Seuro Polymech Private Limited, Saffron Shades Private Limited | Managing Director | 31 Aug 2006 | 20 Years 1 Months | Current |
Peer comparison
Saffron Proplus Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (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 |
|---|---|---|---|---|---|---|
| Ti Tyagi Industries Private Limited | ₹3.83 Cr (FY 2024) | Dewas, Madhya Pradesh, India | ||||
| Hi 5 LMR Private Limited | ₹3.83 Cr (FY 2024) | -29.0% | Chennai, Tamil Nadu, India | |||
| Aerolix Pipes Private Limited | ₹3.83 Cr (FY 2023) | 42.0% | Bahadurgarh, Haryana, India | |||
| Saffron Proplus Private Limitedthis company | ₹3.82 Cr (FY 2018) | -₹2.28 Cr | -59.8% | -41.0% | 7 | Bangalore, Karnataka, India |
| Inject Fit India Private Limited | ₹3.81 Cr (FY 2025) | 387.0% | Delhi, India | |||
| Jaintek Elastomers Private Limited | ₹3.8 Cr (FY 2024) | 23.0% | New Delhi, Delhi, India |
To see the full peer comparison of Saffron Proplus Private Limited, buy the company report.
Auditor
Saffron Proplus Private Limited is audited by R.H SETHIA ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.H SETHIA ASSOCIATES | FY 2017 | 207680 |
Shareholding
The shareholding of Saffron Proplus Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Saffron Proplus Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2011 | 10276060 | State Bank of India | ₹2.56 Cr | Open | |
| 24 Sep 2007 | 10078728 | Canara Bank | ₹29 Lakh | Satisfied |
To see the full charge records of Saffron Proplus Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Saffron Proplus Private Limited has 20 court cases on record: 1 filed by Saffron Proplus, 19 filed against it. 5 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 16 | 2 |
| High courts | 3 | 3 | 3 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Shaurya Polymers Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Shaurya Polymers Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Edelweiss Retail Finance Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Shaurya Polymers Private Limited and 2 others | Disposed |
To see the full case history of Saffron Proplus 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 Saffron Proplus Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Saffron Proplus Private Limited has a workforce of 7 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Saffron Proplus 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 Saffron Proplus Private Limited, buy the company report.
Recent activity
Saffron Proplus Private Limited has 12 board changes on record since 2006: 2 appointments and 10 cessations. The latest: Manju Bhandari was appointed as Additional Director on 28 Mar 2019.
8 earlier events are in the company report.
Frequently asked questions
Saffron Proplus 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 31 August 2006 (20+ years old) and is registered under CIN U25209KA2006PTC040368.
Saffron Proplus has 2 current directors:
- Anil Bhandari - Managing Director
- Manju Bhandari - Additional Director
The latest financial statements of Saffron Proplus 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. Saffron Proplus has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Saffron Proplus is U25209KA2006PTC040368. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saffron Proplus has 20 court cases on record: 1 filed by the company and 19 filed against it. 5 are pending. Most are in the district courts.
Saffron Proplus was incorporated on 31 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Saffron Proplus by revenue are Ti Tyagi Industries Private Limited, Hi 5 LMR Private Limited, Aerolix Pipes Private Limited, Inject Fit India Private Limited, Jaintek Elastomers Private Limited, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Manju Bhandari was appointed as Additional Director on 28 Mar 2019. Shwetha Halumathighatta Nandisha ceased to be Director on 09 Jan 2018. Anu Bhandari ceased to be Additional Director on 30 Sep 2015. Saffron Proplus has 12 board changes on record in total.
Saffron Proplus can be reached through the website spcoats.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Saffron Proplus is at No 5 6 7 17th Cross Sri Vinayaka Layout Andrahalli Main Road Vishwaneedam Post, Bangalore, Karnataka, India – 560091.