Sankalp Safety Solutions LLP

Sankalp Safety Solutions LLP - machinery and equipment in Mumbai, Maharashtra, India. Directors, charges & compliance details.
LLPIN AAJ-0495 Incorporated 01 April 2017 ROC Mumbai HQ Mumbai, Maharashtra, India
Converted to LLP Limited Liability Partnership machinery and equipment
Data last updated
Revenue · FY 2023
₹90.71 Cr
Latest filing
Net profit · FY 2023
₹1.51 Cr
Net margin 1.7%
EBITDA · FY 2023
₹2.58 Cr
EBITDA margin 2.8%
Contribution obligation
₹15 Lakh
As per LLP agreement
Open charges
₹32.53 Cr
Secured borrowings
LLP age
9 yrs
Est. 2017
Employees · EPFO
19
Provident fund records
Designated partners
3
As per MCA filings

About Sankalp Safety Solutions LLP

Data last updated:

Sankalp Safety Solutions LLP was a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. The LLP has been converted into a company and no longer exists as an LLP. For the latest details, refer to the successor company. It operated in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 01 April 2017.

The LLP was registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAJ-0495. Its GSTIN is 27ADIFS4852R1Z5 (Maharashtra). The LLP held 2 GST registrations, all of them active.

The LLP had a total obligation of contribution of ₹15 Lakh. It was led by designated partners including Anjali Trivedi and Praveen Kumar Trivedi.

Its latest statement of accounts is for the year ended 31 March 2024. The registered office was at 101 Pratik Co.Op. Hsg. Soc. Ltd. 86 Mathuradas Road Kandivali (West), Mumbai, Maharashtra, India – 400067.

As per the financials filed for FY 2023, the LLP reported a revenue of ₹90.71 Cr. For the same year it recorded a net profit of ₹1.51 Cr (net margin 1.7%) and EBITDA of ₹2.58 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 55% over five years.

The LLP has about 19 employees on its provident fund (EPFO) records.

The LLP is associated with 1 brand: Sankalp Safety Solutions. As per MCA filings, the LLP has open charges of ₹32.53 Cr on record. Court records list 1 case involving the LLP, including 1 filed by the LLP.

The last known website on record is sankalpsafetysolution.com.

Company Details of Sankalp Safety Solutions LLP
LLPIN AAJ-0495
Incorporation Date 01 April 2017
Total Obligation of Contribution ₹15 Lakh
ROC Mumbai
Company Status Converted and Dissolved
Date of Last AGM 31 March 2024
Date of Balance Sheet 31 March 2024
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    101 Pratik Co.Op. Hsg. Soc. Ltd. 86 Mathuradas Road Kandivali (West), Mumbai, Maharashtra, India – 400067
  • Industry
    Machinery and Equipment, Industrial Machinery Manufacturing
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Financials, compliance, directors, charges, ownership and filings for Sankalp Safety Solutions LLP in one report.

Financials from FY 2018 Directors & ownership Charges & compliance

Financials of Sankalp Safety Solutions LLP FY 2024 filings available

Sankalp Safety Solutions LLP reported revenue of ₹90.71 Cr for FY 2023.

Revenue · FY 2023
₹90.71 Cr
Net profit · FY 2023
₹1.51 Cr margin 1.7%
EBITDA · FY 2023
₹2.58 Cr margin 2.8%

Compounded Annual Growth Rate (CAGR) of Sankalp Safety Solutions LLP

Revenue CAGR growth
3 years · compounded
▲ 54%
5 years · compounded
▲ 55%
EBITDA CAGR growth
3 years · compounded
▼ 54%
5 years · compounded
▼ 24%

Revenue has grown at a compounded annual rate (CAGR) of 55% over five years. 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 of Sankalp Safety Solutions LLP

Statement of Account and SolvencyFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Income and Expenditure
Turnover••••••••••••••••••••
Other Income••••••••••••••••••••
Total Income₹90.71 Cr••••••••••••••••
Purchases and Direct Costs••••••••••••••••••••
Personnel Expenses••••••••••••••••••••
Administrative Expenses••••••••••••••••••••
Interest••••••••••••••••••••
Depreciation••••••••••••••••••••
Total Expenses••••••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax••••••••••••••••••••
Profit After Tax₹1.51 Cr••••••••••••••••
Profit Transferred to Partners••••••••••••••••••••
Assets and Liabilities
Partners' Contribution••••••••••••••••••••
Reserves and Surplus••••••••••••••••••••
Secured Loans••••••••••••••••••••
Unsecured Loans••••••••••••••••••••
Trade Payables••••••••••••••••••••
Other Liabilities and Provisions••••••••••••••••••••
Total Liabilities••••••••••••••••••••
Fixed Assets••••••••••••••••••••
Investments••••••••••••••••••••
Loans and Advances••••••••••••••••••••
Inventories••••••••••••••••••••
Trade Receivables••••••••••••••••••••
Cash and Bank Balance••••••••••••••••••••
Total Assets••••••••••••••••••••

Financial Ratios of Sankalp Safety Solutions LLP

Statement of Account and SolvencyFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
Net Profit Margin1.7%••••••••••••••••
Return on Partners' Funds••••••••••••••••••••
Return on Assets••••••••••••••••••••
Liquidity and Debt
Current Ratio••••••••••••••••••••
Debt to Partners' Funds••••••••••••••••••••
Interest Coverage••••••••••••••••••••
Efficiency and Growth
Asset Turnover••••••••••••••••••••
Receivable Days••••••••••••••••••••
Turnover Growth••••••••••••••••••••
Profit Growth••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Sankalp Safety Solutions are in the company report.

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Financial statements from FY 2018

Earlier years and trend charts are in the company report.

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Auditor Details of Sankalp Safety Solutions LLP

Sankalp Safety Solutions LLP is audited by LAXMI R NYUPANE & ASSOCIATES for the financial year 2021.

NameStatusAppointment DateCessation Date
LAXMI R NYUPANE & ASSOCIATESLockedLockedLocked
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Complete auditor history

Appointment and cessation dates and past auditor changes are in the company report.

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Designated Partners of Sankalp Safety Solutions LLP

Sankalp Safety Solutions has 3 current designated partners and 4 former designated partners. Current designated partners are listed first, with their designation and appointment date.

Designated Partners (as last reported)
NameDesignationAppointment DateTenureStatus
Anjali TrivediDesignated Partner01 Dec 20241 Years 10 MonthsAs last reported
Praveen Kumar TrivediDesignated Partner01 Feb 20197 Years 8 MonthsAs last reported
Nimesh MehtaDesignated Partner01 Apr 20179 Years 6 MonthsAs last reported

Ownership and Shareholding of Sankalp Safety Solutions LLP

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Charges & Borrowings of Sankalp Safety Solutions LLP

Open charges
₹32.53 Cr
Satisfied charges
None
Breakdown by lending institutions
Axis Bank Limited₹19.80 Cr
Kotak Mahindra Bank Limited₹12.73 Cr
Latest charge details
DateLenderAmountStatus
22 Sep 2022Axis Bank Limited₹19.8 CrOpen
06 Aug 2019Kotak Mahindra Bank Limited₹12.73 CrOpen

Total charge records: 2 View all charges

Associated Brands with Sankalp Safety Solutions LLP

Sankalp Safety Solutions operates one associated brand: Sankalp Safety Solutions. Each brand links to its own profile.

BrandDescriptionWebsite
Manufacturing of industrial slings, lashings, and safety products in India.sankalpsafetysolution.com

Employees and EPFO Compliance at Sankalp Safety Solutions LLP

Sankalp Safety Solutions LLP has a workforce of 19 employees as of Mar 29, 2024.

Employee count
19
Active EPFO establishments
1
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Sankalp Safety Solutions LLP

Sankalp Safety Solutions LLP has 8 designated partner changes on record since 2017: 6 appointments and 2 cessations. The latest: Anjali Trivedi was appointed as Designated Partner on 01 Dec 2024.

Appointed
Anjali Trivedi was appointed as Designated Partner.
Appointed
Darshit Nitin Goradia was appointed as Partner.
Appointed
Kirit Ramlal Purohit was appointed as Partner.
AGM
Sankalp Safety Solutions Llp last Annual general meeting of members was held on 31 Mar 2024 as per latest MCA records.
Filing
Sankalp Safety Solutions Llp has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Anjali Trivedi ceased to be Designated Partner.
Ceased
Manisha Nimesh Mehta ceased to be Designated Partner.
Charges
A charge with Axis Bank Limited amounted to Rs. 1,980.00 Lakh with Charge ID 100641037 was registered on 22 Sep 2022.
Charges
A charge with Kotak Mahindra Bank Limited of Rs. 1,273.40 Lakh registered on 06 Aug 2019 with Charge ID 100278513 was modified on 31 Dec 2021.
Charges
A charge with Kotak Mahindra Bank Limited amounted to Rs. 1,273.40 Lakh with Charge ID 100278513 was registered on 06 Aug 2019.
Appointed
Praveen Kumar Trivedi was appointed as Designated Partner.
Appointed
Manisha Nimesh Mehta was appointed as Designated Partner.

2 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Sankalp Safety Solutions LLP

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Credit ratings, litigation, and regulatory alerts

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MSME Payment Delays by Sankalp Safety Solutions LLP

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Subsidiaries & Group Companies of Sankalp Safety Solutions LLP

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Corporate group structure

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GST Compliance of Sankalp Safety Solutions LLP

Sankalp Safety Solutions has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27ADIFS4852R1Z5MaharashtraActive01 Jul 2017
09ADIFS4852R1Z3Uttar PradeshActive01 Apr 2022
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Sankalp Safety Solutions LLP

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MCA filings and documents

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

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Frequently Asked Questions about Sankalp Safety Solutions LLP

Sankalp Safety Solutions has been converted into a company - the business changed its legal structure from a Limited Liability Partnership to a company. The LLP no longer exists in its previous form. For the latest information, refer to the successor company registered with MCA.

Sankalp Safety Solutions was a limited liability partnership based in Mumbai, Maharashtra, India. The LLP worked in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 01 April 2017 and is registered under LLPIN AAJ-0495. For the latest details, refer to the successor company.

The LLPIN (Limited Liability Partnership Identification Number) of Sankalp Safety Solutions is AAJ-0495. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.

Sankalp Safety Solutions had 3 designated partners:

Sankalp Safety Solutions was incorporated on 01 April 2017. It is registered with the Registrar of Companies, Mumbai.

Sankalp Safety Solutions can be reached through the website sankalpsafetysolution.com. Its registered office is in Mumbai, Maharashtra, India.

The registered office of Sankalp Safety Solutions is at 101 Pratik Co.Op. Hsg. Soc. Ltd. 86 Mathuradas Road Kandivali West, Mumbai, Maharashtra, India – 400067.

Sankalp Safety Solutions reported revenue of ₹90.71 Cr for FY 2023.

The total obligation of contribution is ₹15 Lakh.

Sankalp Safety Solutions reported a net profit of ₹1.51 Cr (net margin 1.7%) and EBITDA of ₹2.58 Cr (EBITDA margin 2.8%) for FY 2023, as per its filed financial statements.

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