MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-01-0002839
Saras Plastics Private Ltd - packaging in Ahmednagar, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.42 Cr
▼ 7% YoY
Net loss · FY 2024
₹24.12 Lakh
Net margin -3.3%
EBITDA · FY 2024
₹4.71 Lakh
EBITDA margin 0.6%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹7.42 Cr
Satisfied ₹1.22 Cr
Company age
35 yrs
Est. 1991
Directors on board
2
As per MCA filings
About Saras Plastics Private Ltd
Data last updated:
Saras Plastics Private Ltd is a private limited company based in Ahmednagar, Maharashtra, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 08 January 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U25209PN1991PTC059729. Its GSTIN is 27AADCS2486C1ZF (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors Prakash Simratmal Gandhi and Jayashree Prakash Gandhi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at L – 132 MIDC Area, Ahmednagar, Maharashtra, India – 414111.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.42 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹24.12 Lakh (net margin -3.3%) and EBITDA of ₹4.71 Lakh (EBITDA margin 0.6%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹7.42 Cr and satisfied charges of ₹1.22 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
Saras Plastics Private Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-01-0002839). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sarasplastics.in.
Company details
CIN U25209PN1991PTC059729
Registration Number 059729
Incorporation Date 08 January 1991
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-01-0002839
CIN history
Saras Plastics has one previous CIN (Corporate Identification Number): U25209MH1991PTC059729. The current CIN is U25209PN1991PTC059729, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209PN1991PTC059729 | Current |
| U25209MH1991PTC059729 | Previous |
Recognitions & Rankings of Saras Plastics
Contact details
Saras Plastics Private Ltd's registered office is in Ahmednagar, Maharashtra. Its website is sarasplastics.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressL – 132 MIDC Area, Ahmednagar, Maharashtra, India – 414111
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Saras Plastics Private Ltd, buy the company report.
Comprehensive company report
Saras Plastics Private Ltd - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Saras Plastics is manufacturing. In detail, this covers other manufacturing.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing |
To see the full business activity and turnover split of Saras Plastics Private Ltd, buy the company report.
Financials of Saras Plastics Private Ltd
FY 2024 filings availableSaras Plastics Private Ltd reported revenue of ₹7.42 Cr (down 7% YoY) for FY 2024.
Revenue · FY 2024
₹7.42 Cr ▼ 7%
Net loss · FY 2024
₹24.12 Lakh margin -3.3%
EBITDA · FY 2024
₹4.71 Lakh margin 0.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 9%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 87%
3 years · compounded
▼ 7%
5 years · compounded
▼ 51%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 87% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹4.71 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹24.12 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.6% | ||||
| Net Profit Margin | -3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Saras Plastics Private Ltd, buy the company report.
Board of directors of Saras Plastics Private Ltd
Saras Plastics has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Simratmal Gandhi Also directs: United Plastic Waste Recyclers LLP | Director | 08 Jan 1991 | 35 Years 9 Months | Current |
| Jayashree Prakash Gandhi | Director | 08 Jan 1991 | 35 Years 9 Months | Current |
Auditor
Saras Plastics Private Ltd is audited by RISHABH S KATARIYA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RISHABH S KATARIYA AND ASSOCIATES | FY 2023 | 147431W |
Shareholding
The shareholding of Saras Plastics Private Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Saras Plastics Private Ltd, buy the company report.
Charges & borrowings
Open charges
₹7.42 Cr
Satisfied charges
₹1.22 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2014 | 10494344 | Others | ₹7.42 Cr | Open | |
| 10 Apr 2012 | 10347874 | Karur Vysya Bank | ₹60 Lakh | Satisfied | |
| 26 Sep 2008 | 10130131 | State Bank India | ₹50 Lakh | Satisfied | |
| 11 May 2005 | 90087289 | Ahmednagar Merchants Co-Op Bank Ltd | ₹12 Lakh | Satisfied |
To see the full charge records of Saras Plastics Private Ltd, buy the company report.
Total charge records: 4 View all charges
Legal cases
Saras Plastics Private Ltd has 3 court cases on record: 1 filed by Saras Plastics, 2 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Central Bank of India and Another and 1 other | Pending |
| Bombay High Court | Court case (MCA) | Filed against the company | Disposed |
| District court, Ahmednagar, Maharashtra | Civil suit | Filed against the company by Kalpak Industries THR Pro.Satiesh Manikrao Zende | Disposed |
To see the full case history of Saras Plastics Private Ltd, 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
Saras Plastics Private Ltd was last rated by Crisil on 18 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 May 2020 |
To see the full credit ratings and regulatory alerts of Saras Plastics Private Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Saras Plastics Private Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saras Plastics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS2486C1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saras Plastics Private Ltd, buy the company report.
Recent activity
Saras Plastics Private Ltd has 2 board changes on record since 1991: 2 appointments. The latest: Jayashree Prakash Gandhi was appointed as Director on 08 Jan 1991.
AGM
Saras Plastics Private Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Saras Plastics Private Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge with Others of Rs. 7.42 Cr registered on 14 May 2014 with Charge ID 10494344 was modified on 04 May 2016.
Charges
A charge with Others amounted to Rs. 7.42 Cr with Charge ID 10494344 was registered on 14 May 2014.
Charges
A charge registered on 10 Apr 2012 via Charge ID 10347874 with Karur Vysya Bank was fully satisfied on 07 Jun 2013.
Charges
A charge with Karur Vysya Bank amounted to Rs. 0.60 Cr with Charge ID 10347874 was registered on 10 Apr 2012.
Charges
A charge registered on 26 Sep 2008 via Charge ID 10130131 with State Bank India was fully satisfied on 10 Apr 2012.
Charges
A charge with State Bank India of Rs. 0.50 Cr registered on 26 Sep 2008 with Charge ID 10130131 was modified on 20 Dec 2010.
Charges
A charge registered on 11 May 2005 via Charge ID 90087289 with Ahmednagar Merchants Co-Op Bank Ltd was fully satisfied on 28 Nov 2008.
Charges
A charge with State Bank India amounted to Rs. 0.50 Cr with Charge ID 10130131 was registered on 26 Sep 2008.
Charges
A charge with Ahmednagar Merchants Co-Op Bank Ltd amounted to Rs. 0.12 Cr with Charge ID 90087289 was registered on 11 May 2005.
Appointed
Jayashree Prakash Gandhi was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Saras Plastics is an active private limited company based in Ahmednagar, Maharashtra, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 08 January 1991 (35+ years old) and is registered under CIN U25209PN1991PTC059729.
Saras Plastics has 2 current directors:
- Prakash Simratmal Gandhi - Director
- Jayashree Prakash Gandhi - Director
The latest financial statements of Saras Plastics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Saras Plastics is 27AADCS2486C1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Saras Plastics is U25209PN1991PTC059729. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saras Plastics has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Saras Plastics was incorporated on 08 January 1991, making it 35+ years old. It is registered with the Registrar of Companies, Pune.
Jayashree Prakash Gandhi was appointed as Director on 08 Jan 1991. Prakash Simratmal Gandhi was appointed as Director on 08 Jan 1991.
Yes, Saras Plastics is registered as a small enterprise under Udyam registration (number: UDYAM-MH-01-0002839).
Saras Plastics can be reached through the website sarasplastics.in. Its registered office is in Ahmednagar, Maharashtra, India.