About Savita Polymers Limited
Data last updated:
Savita Polymers Limited was a public limited company based in Mumbai, Maharashtra, 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 chemicals segment of the chemicals and materials sector. It was incorporated on 10 March 1992.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1992PLC065826. Its GSTIN is 27AAACS7933H1Z6 (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹61 Lakh. It was formerly known as Savita Polymers Private Limited. It was led by directors including Gautam Nandkishore Mehra and Suresh Kumar.
Its last annual general meeting (AGM) was held on 23 May 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 66/67 Nariman Bhavannariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2023, the company reported a revenue of ₹208.12 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹6.65 Cr (net margin 3.2%) and EBITDA of ₹10.77 Cr (EBITDA margin 5.2%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 9% over five years.
The company had about 97 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹24.7 Cr on record. Court records list 28 cases involving the company, including 20 filed by the company and 8 filed against it; 2 cases are pending.
The last known website on record is savita.com.
Company details
CIN history
Savita Polymers has one previous CIN (Corporate Identification Number): U74999MH1992PTC065826. The current CIN is U74999MH1992PLC065826, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH1992PLC065826 | Current |
| U74999MH1992PTC065826 | Previous |
Contact details
Savita Polymers Limited's registered office is in Mumbai, Maharashtra. Its website is savita.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address66/67 Nariman Bhavannariman Point, Mumbai, Maharashtra, India – 400021
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of Savita Polymers 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 Savita Polymers is manufacturing. In detail, this covers coke and refined petroleum products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products |
To see the full business activity and turnover split of Savita Polymers Limited, buy the company report.
Financials of Savita Polymers Limited
FY 2023 filings availableSavita Polymers Limited reported revenue of ₹208.12 Cr (up 61% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 61% growth in the latest year. EBITDA fell 21% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹208.12 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹10.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.65 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.2% | ||||
| Net Profit Margin | 3.2% | ||||
| 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 Savita Polymers Limited, buy the company report.
Board of directors of Savita Polymers Limited
Savita Polymers has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Nandkishore Mehra Also directs: Savita Oil Technologies Limited, Savita Petro Additives Ltd, Chemi-Pharmex Private Limited and 5 more | Director | 29 Sep 2005 | 21 Years 1 Months | As last reported |
| Suresh Kumar Also directs: Ginza Industries Ltd., D D Towers Private Limited | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
| Siddharth Gautam Mehra Also directs: Savita Oil Technologies Limited, Chemi-Pharmex Private Limited, Savita Greentec Limited and 5 more | Director | 03 Nov 2021 | 4 Years 11 Months | As last reported |
| Suhas Manohar Dixit | Director | 07 Nov 2008 | 17 Years 11 Months | As last reported |
| Ravindra Pisharody Also directs: Savita Oil Technologies Limited, Savita Greentec Limited, Kwality Wall's (India) Limited and 4 more | Director | 03 Nov 2021 | 4 Years 11 Months | As last reported |
Auditor
Savita Polymers Limited is audited by GOKHALE & SATHE for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOKHALE & SATHE | FY 2023 | 103264W |
Shareholding
The shareholding of Savita Polymers Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Savita Polymers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 May 1996 | 90153281 | State Bank of India | ₹14.5 Cr | Satisfied | |
| 23 May 1996 | 90153499 | Union Bank of India | ₹1.8 Cr | Satisfied | |
| 10 Jun 1994 | 90153028 | State Bank of India | ₹3 Cr | Satisfied | |
| 06 Jun 1994 | 90153027 | State Bank of India | ₹3 Cr | Satisfied | |
| 07 Mar 1994 | 90153005 | Union Bank of India | ₹1.6 Cr | Satisfied |
To see the full charge records of Savita Polymers Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Savita Polymers Limited has 28 court cases on record: 20 filed by Savita Polymers, 8 filed against it. 2 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 1 | 2 |
| High courts | 12 | 6 | 0 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against M/S Vexta Laboratories Pvt Ltd and Anr and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Delton Cables Ltd., and Ors and 5 others | Disposed |
| High Court of Delhi | Court case (CM(M)) | Filed against the company by M/S Continental Telepower Industries Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against Aryavart Chemicals Pvt Ltd. | Disposed |
| High Court, CHANDIGARH (UT) | Company petition | Filed by the company against M/S Telephone Cables Ltd. and Anr. | Disposed |
To see the full case history of Savita Polymers 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
Savita Polymers Limited was last rated by Crisil on 30 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Jul 2020 |
To see the full credit ratings and regulatory alerts of Savita Polymers Limited, buy the company report.
MSME payment delays
Savita Polymers Limited has 4 MSME Form 1 returns on record between 2022 and 2023, listing 98 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mehendale and Associates | |||
| Babaji Shivram Clearing and Carriers Private Limited | |||
| Steam Harbour Logistics Private Limited | |||
| Rishi Fibc Solutions Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Savita Polymers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Savita Polymers Limited has a workforce of 97 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Savita Polymers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS7933H1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Savita Polymers Limited, buy the company report.
Recent activity
Savita Polymers Limited has 13 board changes on record since 2005: 5 appointments and 8 cessations. The latest: Ravindra Pisharody ceased to be Additional Director on 29 Sep 2022.
18 earlier events are in the company report.
News
Frequently asked questions
Savita Polymers 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.
Savita Polymers was a public limited company based in Mumbai, Maharashtra, India. The company worked in industrial chemicals, within the chemicals and materials industry. It was incorporated on 10 March 1992 and is registered under CIN U74999MH1992PLC065826. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Savita Polymers was incorporated on 10 March 1992. It is registered with the Registrar of Companies, Mumbai.
Savita Polymers had 5 directors:
- Gautam Nandkishore Mehra - Director
- Suresh Kumar - Director
- Siddharth Gautam Mehra - Director
- Suhas Manohar Dixit - Director
- Ravindra Pisharody - Director
The CIN (Corporate Identification Number) of Savita Polymers is U74999MH1992PLC065826. 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 Savita Polymers is at 6667 Nariman Bhavannariman Point, Mumbai, Maharashtra, India – 400021.
Savita Polymers can be reached through the website savita.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Savita Polymers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 23 May 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Savita Polymers is 27AAACS7933H1Z6, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Savita Polymers operated in the chemicals and materials industry, in the industrial chemicals segment.
Savita Polymers has 4 MSME Form 1 returns on record between 2022 and 2023, listing 98 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Aug 2023.
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