Sumit Polycot Private Limited
About Sumit Polycot Private Limited
Data last updated:
Sumit Polycot Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 05 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17123GJ2008PTC052805. Its GSTIN is 24AALCS8200Q1ZW (Gujarat).
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.13 Cr. It is led by directors including Punit Ramesh Kumar Pruthi and Rameshkumar Basantlal Pruthvi.
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 109 New Cloth Market Outside Raipur Gate, Ahmedabad, Gujarat, India – 380002.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.16 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹1.7 Cr (net margin -23.8%) and EBITDA of -₹1.13 Cr (EBITDA margin -15.8%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹1.9 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address109 New Cloth Market Outside Raipur Gate, Ahmedabad, Gujarat, India – 380002
- IndustryManufacturing, Textile & Fabric Production
- 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
- One PDF report, delivered after checkout
Business Activity of Sumit Polycot Private Limited
The main business activity of Sumit Polycot is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Sumit Polycot Private Limited
Sumit Polycot Private Limited is audited by P.K.AJMERA & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P.K.AJMERA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Sumit Polycot Private Limited
Sumit Polycot has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Punit Ramesh Kumar Pruthi | Director | 05 Feb 2008 | 18 Years 8 Months | Current |
| Rameshkumar Basantlal Pruthvi | Director | 05 Feb 2008 | 18 Years 8 Months | Current |
| Sahil Rameshkumar Pruthi | Director | 26 Sep 2012 | 14 Years 0 Months | Current |
Financials of Sumit Polycot Private Limited FY 2024 filings available
Sumit Polycot Private Limited reported revenue of ₹7.16 Cr (down 42% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Sumit Polycot Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 42% fall in the latest year. EBITDA fell 296% 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 of Sumit Polycot Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.13 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.7 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 of Sumit Polycot Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -23.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Sumit Polycot are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Sumit Polycot Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Sumit Polycot Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Nov 2021 | Bank of India | ₹13.5 Lakh | Open |
| 10 Jul 2020 | Bank of India | ₹26 Lakh | Open |
| 04 Sep 2009 | Bank of India | ₹1.5 Cr | Open |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Sumit Polycot Private Limited
Employment history and EPFO contributions of people linked to Sumit Polycot.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Sumit Polycot Private Limited
Sumit Polycot has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AALCS8200Q1ZW | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Sumit Polycot Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Sumit Polycot Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Sumit Polycot Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Sumit Polycot Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Sumit Polycot Private Limited
Frequently Asked Questions about Sumit Polycot Private Limited
Sumit Polycot is an active private limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 05 February 2008 (18+ years old) and is registered under CIN U17123GJ2008PTC052805.
Sumit Polycot reported revenue of ₹7.16 Cr for FY 2024 (down 42% YoY).
Sumit Polycot has 3 current directors:
- Punit Ramesh Kumar Pruthi - Director
- Rameshkumar Basantlal Pruthvi - Director
- Sahil Rameshkumar Pruthi - Director
Sumit Polycot reported a net loss of ₹1.7 Cr (net margin -23.8%) and EBITDA of -₹1.13 Cr (EBITDA margin -15.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sumit Polycot is 10% over three years and -5% over five years. In the latest year (FY 2024) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sumit Polycot is 24AALCS8200Q1ZW, registered in Gujarat.
The CIN (Corporate Identification Number) of Sumit Polycot is U17123GJ2008PTC052805. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sumit Polycot was incorporated on 05 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Sumit Polycot is at 109 New Cloth Market Outside Raipur Gate, Ahmedabad, Gujarat, India – 380002.