About Sanstar Biopolymers Limited
Data last updated:
Sanstar Biopolymers Limited was a public limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the industrial enzymes and biochemicals segment of the chemicals and materials sector. It was incorporated on 22 March 1983.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51100GJ1983PLC009047. Its GSTIN is 24AACCS7445N1ZY (Gujarat).
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.07 Cr. It was formerly known as Santosh Maize Products Limited and Subhshree Mercantile Company Limited. It was led by directors including Shreyans Gautamchand Chowdary (Managing Director) and Gouthamchand Sohanlal Chowdhary (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Sanstarhousenr.Parimalunderbridge Opp.Suvidhashoppingcentre Paldi, Ahmedabad, Gujarat, India – 380007.
As per the financials filed for FY 2022, the company reported a revenue of ₹443.11 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹9.44 Cr (net margin 2.1%) and EBITDA of ₹18.99 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 21% over five years.
The company had about 8 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Sanstar. Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 2 cases are pending.
The last known website on record is sanstar.in.
Company details
Name history
Sanstar Biopolymers has undergone 4 name changes throughout its history. The current legal name is Sanstar Biopolymers Limited.
| Company Name | Status |
|---|---|
| Sanstar Biopolymers Limited | Current |
| Santosh Maize Products Limited | Previous |
| Subhshree Mercantile Company Limited | Previous |
| Santosh Securities Ltd | Previous |
| Santosh Starch Limited | Previous |
CIN history
Sanstar Biopolymers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51100GJ1983PLC009047, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100GJ1983PLC009047 | Current |
| L51100GJ1983PLC009047 | Previous |
| U51100GJ1986PLC009047 | Previous |
Contact details
Sanstar Biopolymers Limited's registered office is in Ahmedabad, Gujarat. Its website is sanstar.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSanstarhousenr.Parimalunderbridge Opp.Suvidhashoppingcentre Paldi, Ahmedabad, Gujarat, India – 380007
- IndustryChemicals and Materials, Industrial Enzymes & Biochemicals
To see the full contact details of Sanstar Biopolymers 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
Brands
Sanstar Biopolymers operates one associated brand: Sanstar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Plant-based ingredient solutions are developed for food and nutrition sectors. | sanstar.in |
Business activity
The main business activity of Sanstar Biopolymers is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Sanstar Biopolymers Limited, buy the company report.
Financials of Sanstar Biopolymers Limited
FY 2022 filings availableSanstar Biopolymers Limited reported revenue of ₹443.11 Cr (up 58% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 58% growth in the latest year. EBITDA rose 85% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹443.11 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.44 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 Sanstar Biopolymers Limited, buy the company report.
Board of directors of Sanstar Biopolymers Limited
Sanstar Biopolymers has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shreyans Gautamchand Chowdary Also directs: Sanstar Limited, Sambhav Starch Products Pvt Ltd, Sanstar Gems & Jewels Private Limited and 1 more | Managing Director | 30 Mar 2011 | 15 Years 7 Months | As last reported |
| Gouthamchand Sohanlal Chowdhary Also directs: Sanstar Limited, Sambhav Starch Products Pvt Ltd, Sanstar Gems & Jewels Private Limited and 1 more | Managing Director | 27 Sep 1985 | 41 Years 1 Months | As last reported |
| Sambhav Gautamchand Chowdhary Also directs: Sanstar Limited, Sambhav Starch Products Pvt Ltd, Sanstar Gems & Jewels Private Limited and 1 more | Managing Director | 30 Mar 2011 | 15 Years 7 Months | As last reported |
| Sourabh Patawari Vijay | Director | 04 Sep 2021 | 5 Years 2 Months | As last reported |
| Richa Sambhav Chowdhary Also directs: Aashvee Zenith Trading LLP | Director | 05 Sep 2022 | 4 Years 2 Months | As last reported |
| Kuldeep Ashokbhai Shah | Director | 04 Sep 2021 | 5 Years 2 Months | As last reported |
Auditor
Sanstar Biopolymers Limited is audited by Hitesh Prakash Shah& CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Hitesh Prakash Shah& CO. | FY 2022 | 127614W |
Shareholding
The shareholding of Sanstar Biopolymers Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sanstar Biopolymers Limited, buy the company report.
Legal cases
Sanstar Biopolymers Limited has 11 court cases on record: 3 filed by Sanstar Biopolymers, 8 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 5 | 2 |
| District courts | 4 | 3 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Sayaji Industries Limited Represented by Its Auth. Representative, Maulik Bhavsar and Others | Pending |
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by PR Commissioner of Customs | Pending |
| High Court, GUJARAT | Court case (MCA) | Filed against the company by PR Commissioner of Customs | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by PR Commissioner of Customs | Disposed |
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Sanstar Biopolymers 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
Sanstar Biopolymers Limited was last rated by Crisil on 06 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Oct 2021 |
To see the full credit ratings and regulatory alerts of Sanstar Biopolymers Limited, buy the company report.
MSME payment delays
Sanstar Biopolymers Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 879 overdue payments to 87 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 87)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| FC Agrawal Coal Private Limited | |||
| Bharat Electricals | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Sanstar Biopolymers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Sanstar Biopolymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCS7445N1ZY | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sanstar Biopolymers Limited, buy the company report.
Recent activity
Sanstar Biopolymers Limited has 21 board changes on record since 1985: 6 appointments and 15 cessations. The latest: Kuldeep Ashokbhai Shah ceased to be Additional Director on 30 Sep 2022.
12 earlier events are in the company report.
News
Frequently asked questions
Sanstar Biopolymers has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sanstar Biopolymers was a public limited company based in Ahmedabad, Gujarat, India. The company worked in industrial enzymes and biochemicals, within the chemicals and materials industry. It was incorporated on 22 March 1983 and is registered under CIN U51100GJ1983PLC009047. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sanstar Biopolymers was incorporated on 22 March 1983. It is registered with the Registrar of Companies, Ahmedabad.
Sanstar Biopolymers had 6 directors:
- Shreyans Gautamchand Chowdary - Managing Director
- Gouthamchand Sohanlal Chowdhary - Managing Director
- Sambhav Gautamchand Chowdhary - Managing Director
- Sourabh Patawari Vijay - Director
- Richa Sambhav Chowdhary - Director
- Kuldeep Ashokbhai Shah - Director
The CIN (Corporate Identification Number) of Sanstar Biopolymers is U51100GJ1983PLC009047. 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 Sanstar Biopolymers is at Sanstarhousenr.Parimalunderbridge Opp.Suvidhashoppingcentre Paldi, Ahmedabad, Gujarat, India – 380007.
Sanstar Biopolymers can be reached through the website sanstar.in. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Sanstar Biopolymers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Sanstar Biopolymers is 24AACCS7445N1ZY, registered in Gujarat.
Sanstar Biopolymers operated in the chemicals and materials industry, in the industrial enzymes and biochemicals segment.
Sanstar Biopolymers has 13 MSME Form 1 returns on record between 2019 and 2023, listing 879 overdue payments to 87 micro and small suppliers. The latest return was filed on 27 Aug 2023.
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