Saurashtra Polybags Private Limited
About Saurashtra Polybags Private Limited
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Saurashtra Polybags Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 30 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25200GJ2009PTC058467. Its GSTIN is 24AANCS6442E1ZB (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was formerly known as Union Polybags Private Limited. It is led by directors including Sanjaybhai Keshubhai Chothani and Darshik Vashrambhai Sutariya.
Its last annual general meeting (AGM) was held on 21 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at C/O Bhikhabhai Harjibhai Sutariya Village: Pardi Taluka: Lodhika, Rajkot, Gujarat, India – 360024.
As per the financials filed for FY 2020, the company reported a revenue of ₹7.22 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹12.64 Lakh (net margin -175.1%) and EBITDA of -₹4.38 Lakh (EBITDA margin -60.7%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years and 57% over five years.
As per MCA filings, the company has satisfied charges of ₹1.9 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Saurashtra Polybags Private Limited's registered office is in Rajkot, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O Bhikhabhai Harjibhai Sutariya Village: Pardi Taluka: Lodhika, Rajkot, Gujarat, India – 360024
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Saurashtra Polybags 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 Saurashtra Polybags 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 Saurashtra Polybags Private Limited, buy the company report.
Financials of Saurashtra Polybags Private Limited
FY 2020 filings availableSaurashtra Polybags Private Limited reported revenue of ₹7.22 Lakh (down 88% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over five years, including a 88% fall in the latest year. EBITDA fell 553% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹7.22 Lakh | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | -₹4.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.64 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -60.7% | ||||
| Net Profit Margin | -175.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Saurashtra Polybags Private Limited, buy the company report.
Board of directors of Saurashtra Polybags Private Limited
Saurashtra Polybags has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjaybhai Keshubhai Chothani | Director | 17 Jun 2020 | 6 Years 4 Months | Current |
| Darshik Vashrambhai Sutariya Also directs: Sardar Polypacks Private Limited | Director | 11 Sep 2013 | 13 Years 2 Months | Current |
| Laljibhai Hardasbhai Rakholia Also directs: Sardar Polypacks Private Limited | Director | 17 Sep 2018 | 8 Years 1 Months | Current |
Auditor
Saurashtra Polybags Private Limited is audited by H. B. HIRAPARA & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H. B. HIRAPARA & CO. | FY 2017 |
Shareholding
The shareholding of Saurashtra Polybags Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Saurashtra Polybags Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Apr 2010 | 10218196 | Corporation Bank | ₹95 Lakh | Satisfied | |
| 08 Apr 2010 | 10218197 | Corporation Bank | ₹95 Lakh | Satisfied |
To see the full charge records of Saurashtra Polybags Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Saurashtra Polybags Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Saurashtra Polybags Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Saurashtra Polybags has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCS6442E1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saurashtra Polybags Private Limited, buy the company report.
Recent activity
Saurashtra Polybags Private Limited has 11 board changes on record since 2013: 3 appointments and 8 cessations. The latest: Sanjaybhai Keshubhai Chothani was appointed as Director on 17 Jun 2020.
8 earlier events are in the company report.
Frequently asked questions
Saurashtra Polybags is an active private limited company based in Rajkot, Gujarat, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 30 October 2009 (17+ years old) and is registered under CIN U25200GJ2009PTC058467.
Saurashtra Polybags has 3 current directors:
- Sanjaybhai Keshubhai Chothani - Director
- Darshik Vashrambhai Sutariya - Director
- Laljibhai Hardasbhai Rakholia - Director
The latest financial statements of Saurashtra Polybags on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 21 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Saurashtra Polybags is 24AANCS6442E1ZB, registered in Gujarat.
The CIN (Corporate Identification Number) of Saurashtra Polybags is U25200GJ2009PTC058467. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saurashtra Polybags was incorporated on 30 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sanjaybhai Keshubhai Chothani was appointed as Director on 17 Jun 2020. Laljibhai Hardasbhai Rakholia was appointed as Director on 17 Sep 2018. Sanjaybhai Keshubhai Chothani ceased to be Director on 17 Mar 2018. Saurashtra Polybags has 11 board changes on record in total.
The registered office of Saurashtra Polybags is at CO Bhikhabhai Harjibhai Sutariya Village: Pardi Taluka: Lodhika, Rajkot, Gujarat, India – 360024.
Saurashtra Polybags operates in the packaging industry, in the industrial packaging solutions segment.
Saurashtra Polybags has no open charges and satisfied charges of ₹1.9 Cr as per latest MCA filings.
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