About Sumilon Polyester Private Limited
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Sumilon Polyester Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 17 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17290GJ2008PTC053619. Its GSTIN is 24AAFCM5528F1ZM (Gujarat).
The company has an authorised share capital of ₹195.9 Cr and a paid-up capital of ₹184.49 Cr. It was formerly known as Macromols Infrastructure and Developers Limited and Sumilon Polyester Limited. It is led by directors Jitendra Sumanlal Jariwala (Managing Director) and Shivangi Jignesh Jariwala (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 6/121 A – 1 Paiki Plot No.8 First Floor Vairagini Wadi Delhi Gate, Surat, Gujarat, India – 395003.
As per the financials filed for FY 2023, the company reported a revenue of ₹634.05 Cr, a growth of 122% compared to the previous year. For the same year it recorded a net loss of ₹28.02 Cr (net margin -4.4%) and EBITDA of ₹97.17 Cr (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 26% over five years.
The company has about 58 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹1,125.59 Cr and satisfied charges of ₹627.73 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 4 cases are pending. The company has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹63.79 Cr; the latest was in June 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sumilonpolyfilm.com.
Company details
Name history
Sumilon Polyester has undergone 2 name changes throughout its history. The company was previously known as Macromols Infrastructure And Developers Limited, and Sumilon Polyester Limited. The current legal name is Sumilon Polyester Private Limited.
| Company Name | Status |
|---|---|
| Sumilon Polyester Private Limited | Current |
| Macromols Infrastructure And Developers Limited | Previous |
| Sumilon Polyester Limited | Previous |
CIN history
Sumilon Polyester has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U17290GJ2008PTC053619, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17290GJ2008PTC053619 | Current |
| U45201GJ2008PLC053619 | Previous |
| U17290GJ2008PLC053619 | Previous |
Contact details
Sumilon Polyester Private Limited's registered office is in Surat, Gujarat. Its website is sumilonpolyfilm.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address6/121 A – 1 Paiki Plot No.8 First Floor Vairagini Wadi Delhi Gate, Surat, Gujarat, India – 395003
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Sumilon Polyester 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 Sumilon Polyester Private Limited
FY 2024 filings availableSumilon Polyester Private Limited reported revenue of ₹634.05 Cr (up 122% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 122% growth in the latest year. EBITDA rose 16% 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 | ₹634.05 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹97.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹28.02 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 | 15.3% | ||||
| Net Profit Margin | -4.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| 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 Sumilon Polyester Private Limited, buy the company report.
Board of directors and KMP of Sumilon Polyester Private Limited
Sumilon Polyester Private Limited currently reports 2 directors and 1 key managerial person. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivangi Jignesh Jariwala | Whole-Time Director | 01 Jul 2014 | 12 Years 3 Months | Current |
| Shabbir Mohammad Jilal Also directs: Saj Industries Private Limited | Cfo | 01 Jul 2014 | 12 Years 3 Months | Current |
| Jitendra Sumanlal Jariwala Also directs: Saj Industries Private Limited, Sumilon Industries Private Limited | Managing Director | 01 Dec 2015 | 10 Years 10 Months | Current |
Auditor
Sumilon Polyester Private Limited is audited by SNK & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SNK & CO. | FY 2023 | 109176W |
Shareholding
The shareholding of Sumilon Polyester 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 Sumilon Polyester Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Oct 2022 | 100629604 | Hdfc Bank Limited | ₹18.85 Lakh | Open | |
| 20 Jul 2022 | 100610567 | Others | ₹20 Lakh | Open | |
| 09 May 2022 | 100577396 | Others | ₹745 Cr | Open | |
| 21 Jun 2021 | 100458282 | Others | ₹305.8 Cr | Open | |
| 27 Mar 2021 | 100435205 | Hdfc Bank Limited | ₹7.4 Cr | Open |
To see the full charge records of Sumilon Polyester Private Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Sumilon Polyester Private Limited has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹63.79 Cr; the latest was in June 2020.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Binapani Tie-Up Private Limited Seller: Sard (India) Pvt Ltd |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: Simpro Vanijya Ltd Seller: Marshall Commodities Pvt. Ltd , Banphool Sale Private Limited , Chetna Suppliers Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: MSV Fiscal Services Pvt Ltd , Shobh Suppliers Private Limited, Galore Suppliers Pvt Ltd Seller: Jhilmil Management Services Private Limited. , Rangoli Suppliers Private Limited , Samyak Electronics Pvt. Ltd. |
| Dec 2011 | Funding round | ₹11.28 Cr | Investors: Swarnganga Vinimay Ltd. , Samyak Electronics Pvt. Ltd. , Koshish Vyapaar Private Limited |
| Dec 2011 | Funding round | ₹9 Cr | Investors: Sumilon Industries Private Limited |
To see the full deal history of Sumilon Polyester Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sumilon Polyester Private Limited has 6 court cases on record: 4 filed by Sumilon Polyester, 2 filed against it. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| High courts | 2 | 1 | 2 |
| Supreme Court | 1 | 0 | 0 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against M/S Parikh Packaging Pvt Ltd | Pending |
| Supreme Court | Court case (1003-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters arising out of orders of Company Law Board under Section 397 & 398 of Companies Act, 1956) | Filed by the company against M/S Parikh Packaging Pvt. Ltd. Opp. Rotomac Pens, Sarkhej Bavla Highway, Village Moraiya Taluk Sanand, Ahmedabad 382 213 ,Ahmedabad , Gujarat | Disposed |
| District court, SURAT, Gujarat | Commercial matter | Filed by the company against M/S Parikh Packaging P. Ltd. | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax 1 | Pending |
| District court, MORBI, Gujarat | Commercial matter | Filed against the company by Lords International Partner Sanjaybhai Gordhanbhai Loriya | Pending |
To see the full case history of Sumilon Polyester 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.
Credit ratings & regulatory alerts
Sumilon Polyester Private Limited was last rated by Brickwork on 01 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 01 Oct 2021 |
To see the full credit ratings and regulatory alerts of Sumilon Polyester Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sumilon Polyester Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sumilon Polyester has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Saj Industries Private Limited | U17299GJ2019PTC110359 |
To see the full group structure of Sumilon Polyester Private Limited, buy the company report.
Employees & EPFO
Sumilon Polyester Private Limited has a workforce of 58 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Sumilon Polyester has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCM5528F1ZM | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sumilon Polyester Private Limited, buy the company report.
Recent activity
Sumilon Polyester Private Limited has 13 board changes on record since 2010: 3 appointments and 10 cessations. The latest: Arvindbhai Dahyabhai Pinangwala ceased to be Director on 01 Apr 2020.
43 earlier events are in the company report.
Frequently asked questions
Sumilon Polyester is an active private limited company based in Surat, Gujarat, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 17 April 2008 (18+ years old) and is registered under CIN U17290GJ2008PTC053619.
Sumilon Polyester has 3 current directors and KMP:
- Jitendra Sumanlal Jariwala - Managing Director
- Shivangi Jignesh Jariwala - Whole-Time Director
- Shabbir Mohammad Jilal - Cfo
The latest financial statements of Sumilon Polyester on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sumilon Polyester is 24AAFCM5528F1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Sumilon Polyester is U17290GJ2008PTC053619. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sumilon Polyester has 6 court cases on record: 4 filed by the company and 2 filed against it. 4 are pending. Most are in the district courts.
Sumilon Polyester was incorporated on 17 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sumilon Polyester has 11 deals on record (6 secondary share transfers, 5 funding rounds), with disclosed funding of ₹63.79 Cr; the latest was in June 2020.
Arvindbhai Dahyabhai Pinangwala ceased to be Director on 01 Apr 2020. Rajiv Shantiram Vyas ceased to be Director on 01 Apr 2020. Kanchanlal Natvarlal Sherdiwala ceased to be Director on 01 Apr 2016. Sumilon Polyester has 13 board changes on record in total.
Sumilon Polyester can be reached through the website sumilonpolyfilm.com. Its registered office is in Surat, Gujarat, India.