About Solanki Polymers Private Limited
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Solanki Polymers Private Limited is a private limited company based in Jalgaon, Maharashtra, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 24 December 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH1999PTC123275. Its GSTIN is 27AAFCS9224G1Z7 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹84.46 Lakh. It is led by directors Javid Shamir Pathan and Ritu Randhirsing Patil.
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 3 Lunkad Tower Near G.P.Officejilha Peth, Jalgaon, Maharashtra, India – 425001.
As per the financials filed for FY 2017, the company reported a revenue of ₹16.66 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹92.21 Lakh (net margin 5.5%) and EBITDA of ₹1.16 Cr (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years.
As per MCA filings, the company has open charges of ₹75 Lakh on record. Court records list 21 cases involving the company, including 4 filed by the company and 17 filed against it; 7 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website solankipolymersltd.com.
Company details
Contact details
Solanki Polymers Private Limited's registered office is in Jalgaon, Maharashtra. Its website is solankipolymersltd.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address3 Lunkad Tower Near G.P.Officejilha Peth, Jalgaon, Maharashtra, India – 425001
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Solanki Polymers 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
Financials of Solanki Polymers Private Limited
FY 2023 filings availableSolanki Polymers Private Limited reported revenue of ₹16.66 Cr (up 20% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over three years, including 20% growth in the latest year. EBITDA rose 863% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹16.66 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.16 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹92.21 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 6.9% | ||
| Net Profit Margin | 5.5% | ||
| 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 Solanki Polymers Private Limited, buy the company report.
Board of directors of Solanki Polymers Private Limited
Solanki Polymers 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 |
|---|---|---|---|---|
| Javid Shamir Pathan Also directs: Simor-Tech Polymers Limited | Director | 25 Oct 2021 | 5 Years 0 Months | Current |
| Ritu Randhirsing Patil Also directs: Impeccable Packaging Solutions Private Limited | Director | 24 Dec 1999 | 26 Years 10 Months | Current |
Auditor
Solanki Polymers Private Limited is audited by S P PIMPALWAR & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S P PIMPALWAR & CO | FY 2017 | 113395W |
Shareholding
The shareholding of Solanki Polymers 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 Solanki Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 May 2018 | 100190295 | Hdfc Bank Limited | ₹75 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Solanki Polymers Private Limited has 21 court cases on record: 4 filed by Solanki Polymers, 17 filed against it. 7 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 16 | 5 |
| High courts | 3 | 1 | 2 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Richbond Capital Private Ltd. | Pending |
| District court, South West, Delhi | Criminal case | Filed against the company by M/S.Power2sme P.Ltd. | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Indiabulls Consumer Finance Ltd | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Dewan Housing Finance Corporation Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Aditya Birla Finance Ltd | Disposed |
To see the full case history of Solanki Polymers 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 Solanki Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solanki Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCS9224G1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solanki Polymers Private Limited, buy the company report.
Recent activity
Solanki Polymers Private Limited has 4 board changes on record since 1999: 2 appointments and 2 cessations. The latest: Bhimsing Harsing Patil ceased to be Director on 25 Oct 2021.
Frequently asked questions
Solanki Polymers is an active private limited company based in Jalgaon, Maharashtra, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 24 December 1999 (27+ years old) and is registered under CIN U25209MH1999PTC123275.
Solanki Polymers has 2 current directors:
- Javid Shamir Pathan - Director
- Ritu Randhirsing Patil - Director
The latest financial statements of Solanki Polymers 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 GSTIN of Solanki Polymers is 27AAFCS9224G1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Solanki Polymers is U25209MH1999PTC123275. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solanki Polymers has 21 court cases on record: 4 filed by the company and 17 filed against it. 7 are pending. Most are in the district courts.
Solanki Polymers was incorporated on 24 December 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Bhimsing Harsing Patil ceased to be Director on 25 Oct 2021. Javid Shamir Pathan was appointed as Director on 25 Oct 2021. Randhirsing Dilipsing Patil ceased to be Director on 15 Oct 2016. Solanki Polymers has 4 board changes on record in total.
Solanki Polymers can be reached through the website solankipolymersltd.com. Its registered office is in Jalgaon, Maharashtra, India.
The registered office of Solanki Polymers is at 3 Lunkad Tower Near G.P.Officejilha Peth, Jalgaon, Maharashtra, India – 425001.