About Sevenn Protective Fabrics Private Limited
Data last updated:
Sevenn Protective Fabrics Private Limited is a private limited company based in Ahmedabad, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 04 January 2011.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25200GJ2011PTC063495. Its GSTIN is 24AADCV5321R1ZZ (Gujarat).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.47 Cr. It was formerly known as Vk Plastlam Private Limited and Vector Packaging Private Limited. It is led by directors including Parth Udayan Velvan (Managing Director) and Dhruv Ketan Velvan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 20B Tin Murti Bunglows Near Devansh Bunglow Surdhara Circle Thaltej, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2023, the company reported a revenue of ₹8.56 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹2.97 Cr (net margin -34.7%) and EBITDA of -₹1.53 Cr (EBITDA margin -17.9%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹9.16 Cr and satisfied charges of ₹3.81 Cr on record. Court records list 11 cases involving the company, including 11 filed against it; 2 cases are pending.
The last known website on record is vkplastlam.com.
Company details
Name history
Sevenn Protective Fabrics has undergone 2 name changes throughout its history. The company was previously known as Vk Plastlam Private Limited, and Vector Packaging Private Limited. The current legal name is Sevenn Protective Fabrics Private Limited.
| Company Name | Status |
|---|---|
| Sevenn Protective Fabrics Private Limited | Current |
| Vk Plastlam Private Limited | Previous |
| Vector Packaging Private Limited | Previous |
Contact details
Sevenn Protective Fabrics Private Limited's registered office is in Ahmedabad, Gujarat. Its website is vkplastlam.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address20B Tin Murti Bunglows Near Devansh Bunglow Surdhara Circle Thaltej, Ahmedabad, Gujarat, India – 380054
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Sevenn Protective Fabrics 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 Sevenn Protective Fabrics 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 Sevenn Protective Fabrics Private Limited, buy the company report.
Financials of Sevenn Protective Fabrics Private Limited
FY 2023 filings availableSevenn Protective Fabrics Private Limited reported revenue of ₹8.56 Cr (down 1% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 1% fall in the latest year. EBITDA fell 875% 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 | ₹8.56 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.97 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 | -17.9% | ||||
| Net Profit Margin | -34.7% | ||||
| 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 Sevenn Protective Fabrics Private Limited, buy the company report.
Board of directors of Sevenn Protective Fabrics Private Limited
Sevenn Protective Fabrics has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parth Udayan Velvan | Managing Director | 30 Mar 2012 | 14 Years 7 Months | As last reported |
| Dhruv Ketan Velvan | Whole-Time Director | 27 Mar 2014 | 12 Years 7 Months | As last reported |
| Sunil Kumar Agarwal | Irp/Rp/Liquidator | 22 Oct 2024 | 2 Years 0 Months | As last reported |
Peer comparison
Sevenn Protective Fabrics Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maxsun Polymers Private Limited | ₹8.64 Cr (FY 2025) | 15.0% | Jetpur, Gujarat, India | |||
| Poly Pet Products Private Limited | ₹8.62 Cr (FY 2025) | 2.0% | Gondia, Maharashtra, India | |||
| Isan Exim Plastotech Private Limited | ₹8.57 Cr (FY 2024) | -30.0% | Ambarnath, Maharashtra, India | |||
| Sevenn Protective Fabrics Private Limitedthis company | ₹8.56 Cr (FY 2023) | -₹2.97 Cr | -34.7% | -1.0% | Ahmedabad, Gujarat, India | |
| Todi Packaging Private Limited | ₹8.55 Cr (FY 2025) | 19.0% | Howrah, West Bengal, India | |||
| Southern Plastoware Private Limited | ₹8.55 Cr (FY 2024) | -10.0% | Thrissur, Kerala, India | |||
| Sri Shyam Plasto Products Private Limited | ₹8.53 Cr (FY 2025) | -16.0% | Telangana, India |
To see the full peer comparison of Sevenn Protective Fabrics Private Limited, buy the company report.
Auditor
Sevenn Protective Fabrics Private Limited is audited by K D N & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K D N & ASSOCIATES LLP | FY 2023 | 131655W/W100691 |
Shareholding
The shareholding of Sevenn Protective Fabrics Private Limited 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 Sevenn Protective Fabrics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2021 | 100425604 | Others | ₹25 Lakh | Open | |
| 02 Nov 2018 | 100222722 | Others | ₹3.96 Cr | Open | |
| 30 May 2018 | 100180312 | Sidbi | ₹4.95 Cr | Open | |
| 02 Jul 2016 | 100037548 | Others | ₹26 Lakh | Satisfied | |
| 01 Jan 2013 | 10396576 | The Kalupur Commercial C0-Operative Bank Ltd. | ₹32 Lakh | Satisfied |
To see the full charge records of Sevenn Protective Fabrics Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Sevenn Protective Fabrics Private Limited has 11 court cases on record: 11 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Bajaj Finance Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Ashv Finance Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Sumanju Projects & Services Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by Ashv Finance Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Sevenn Protective Fabrics Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sevenn Protective Fabrics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sevenn Protective Fabrics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCV5321R1ZZ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sevenn Protective Fabrics Private Limited, buy the company report.
Recent activity
Sevenn Protective Fabrics Private Limited has 9 board changes on record since 2012: 3 appointments and 6 cessations. The latest: Rajendra Sanghi ceased to be Irp/Rp/Liquidator on 22 Oct 2024.
13 earlier events are in the company report.
Frequently asked questions
Sevenn Protective Fabrics is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Sevenn Protective Fabrics is a company under insolvency, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 04 January 2011 and is registered under CIN U25200GJ2011PTC063495. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sevenn Protective Fabrics has 3 current directors:
- Parth Udayan Velvan - Managing Director
- Dhruv Ketan Velvan - Whole-Time Director
- Sunil Kumar Agarwal - Irp/Rp/Liquidator
The latest financial statements of Sevenn Protective Fabrics on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sevenn Protective Fabrics is U25200GJ2011PTC063495. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sevenn Protective Fabrics has open charges of ₹9.16 Cr and satisfied charges of ₹3.81 Cr as per latest MCA filings.
Sevenn Protective Fabrics has 11 court cases on record: 11 filed against it. 2 are pending. Most are in the district courts.
Sevenn Protective Fabrics was incorporated on 04 January 2011. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sevenn Protective Fabrics by revenue are Maxsun Polymers Private Limited, Poly Pet Products Private Limited, Isan Exim Plastotech Private Limited, Todi Packaging Private Limited, Southern Plastoware Private Limited and 1 more, all in the Manufacturing industry (Plastic Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Rajendra Sanghi ceased to be Irp/Rp/Liquidator on 22 Oct 2024. Sunil Kumar Agarwal was appointed as Irp/Rp/Liquidator on 22 Oct 2024. Parth Udayan Velvan ceased to be Director on 01 Aug 2018. Sevenn Protective Fabrics has 9 board changes on record in total.
Sevenn Protective Fabrics can be reached through the website vkplastlam.com. Its registered office is in Ahmedabad, Gujarat, India.
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