Siddhi Vinayak Polycot Private Limited
About Siddhi Vinayak Polycot Private Limited
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Siddhi Vinayak Polycot Private Limited is a private limited company based in Mandvi, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 23 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2011PTC065121. Its GSTIN is 24AAPCS7588F1ZQ (Gujarat).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Aayush Anil Agarwal and Akshay Anil Agrawal.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Block No. 950 Opp. Salasar Poly Tex Tadkeshwar, Mandvi, Gujarat, India – 394170.
As per the financials filed for FY 2018, the company reported a revenue of ₹10.16 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹29.62 Lakh (net margin -2.9%) and EBITDA of ₹47.7 Lakh (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years.
As per MCA filings, the company has open charges of ₹6.3 Cr on record. Court records list 16 cases involving the company, including 16 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Siddhi Vinayak Polycot Private Limited's registered office is in Mandvi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBlock No. 950 Opp. Salasar Poly Tex Tadkeshwar, Mandvi, Gujarat, India – 394170
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Siddhi Vinayak Polycot 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 Siddhi Vinayak Polycot is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Siddhi Vinayak Polycot Private Limited, buy the company report.
Financials of Siddhi Vinayak Polycot Private Limited
FY 2018 filings availableSiddhi Vinayak Polycot Private Limited reported revenue of ₹10.16 Cr (down 30% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 6% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹10.16 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹47.7 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹29.62 Lakh | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.7% | |||
| Net Profit Margin | -2.9% | |||
| 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 Siddhi Vinayak Polycot Private Limited, buy the company report.
Board of directors of Siddhi Vinayak Polycot Private Limited
Siddhi Vinayak Polycot has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aayush Anil Agarwal | Director | 14 Feb 2012 | 14 Years 8 Months | Current |
| Akshay Anil Agrawal | Director | 23 Apr 2011 | 15 Years 6 Months | Current |
Peer comparison
Siddhi Vinayak Polycot Private Limited is compared with the 5 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ranka Synthetics Private Limited | ₹10.18 Cr (FY 2025) | -5.0% | Bhilwara, Rajasthan, India | |||
| Vista Knitberry Fashions Limited | ₹10.18 Cr (FY 2025) | -82.0% | Nawan Shehar, Punjab, India | |||
| Suryanarayan Synthetics Private Limited | ₹10.17 Cr (FY 2025) | 13.0% | Surat, Gujarat, India | |||
| Shubhananda Textile Mills Private Limited | ₹10.16 Cr (FY 2024) | 3.0% | Delhi, India | |||
| Siddhi Vinayak Polycot Private Limitedthis company | ₹10.16 Cr (FY 2018) | -₹29.62 Lakh | -2.9% | -30.0% | Mandvi, Gujarat, India | |
| Shiva Textile and Spinning Mills Pvt Ltd | ₹10.14 Cr (FY 2024) | 7.0% | Punjab, India |
To see the full peer comparison of Siddhi Vinayak Polycot Private Limited, buy the company report.
Auditor
Siddhi Vinayak Polycot Private Limited is audited by H K S & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H K S & ASSOCIATES | FY 2018 | 130601W |
Shareholding
The shareholding of Siddhi Vinayak Polycot Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Siddhi Vinayak Polycot Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2011 | 10325481 | Axis Bank Limited | ₹3.15 Cr | Open | |
| 27 Dec 2011 | 10325690 | Axis Bank Limited | ₹3.15 Cr | Open |
To see the full charge records of Siddhi Vinayak Polycot Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Siddhi Vinayak Polycot Private Limited has 16 court cases on record: 16 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Vishal Bharatbhai Barot Bajaj Finance Ltd | Disposed |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed against the company by Bajaj Finance Limited Through Mr.Raval Piyushkumar Jayeshkumar | Disposed |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed against the company by Religare Finvest Ltd, Mr. Sumeet Ranjan Das | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Religare Finvest Ltd | Disposed |
| District court, Kamrup Metro, Assam | Court case (Complaint Case C.R.) | Filed against the company by an individual | Disposed |
To see the full case history of Siddhi Vinayak Polycot 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 Siddhi Vinayak Polycot Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Siddhi Vinayak Polycot has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCS7588F1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Siddhi Vinayak Polycot Private Limited, buy the company report.
Recent activity
Siddhi Vinayak Polycot Private Limited has 5 board changes on record since 2011: 2 appointments and 3 cessations. The latest: Sanwarmal Agarwal ceased to be Director on 28 Mar 2016.
Frequently asked questions
Siddhi Vinayak Polycot is an active private limited company based in Mandvi, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 23 April 2011 (15+ years old) and is registered under CIN U17120GJ2011PTC065121.
Siddhi Vinayak Polycot has 2 current directors:
- Aayush Anil Agarwal - Director
- Akshay Anil Agrawal - Director
The latest financial statements of Siddhi Vinayak Polycot on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Siddhi Vinayak Polycot is 24AAPCS7588F1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Siddhi Vinayak Polycot is U17120GJ2011PTC065121. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Siddhi Vinayak Polycot has 16 court cases on record: 16 filed against it.
Siddhi Vinayak Polycot was incorporated on 23 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Siddhi Vinayak Polycot by revenue are Ranka Synthetics Private Limited, Vista Knitberry Fashions Limited, Suryanarayan Synthetics Private Limited, Shubhananda Textile Mills Private Limited, Shiva Textile and Spinning Mills Pvt Ltd, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Sanwarmal Agarwal ceased to be Director on 28 Mar 2016. Amit Kumar Bansal ceased to be Director on 01 Apr 2013. Manisha Pankaj Kabra ceased to be Director on 22 Dec 2012. Siddhi Vinayak Polycot has 5 board changes on record in total.
The registered office of Siddhi Vinayak Polycot is at Block No. 950 Opp. Salasar Poly Tex Tadkeshwar, Mandvi, Gujarat, India – 394170.
Siddhi Vinayak Polycot operates in the manufacturing industry, in the textile and fabric production segment.