About Texplast Industries Limited
Data last updated:
Texplast Industries Limited is a public limited company based in Thane, Maharashtra, 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 woven packaging products segment of the packaging sector. It was incorporated on 31 December 1970.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L27100MH1970PLC014933. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from BSE on 24 Feb 2023 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5.11 Cr. It is led by directors including Sukumar Nandalal Shah (Managing Director) and Hetal Jigar Rajyagor.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Gut No 39/40 Village Nehroli Taluka Wada, Thane, Maharashtra, India – 421312.
As per the financials filed for FY 2021, the company reported a revenue of ₹6.72 Lakh, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹27.84 Lakh (net margin -414.3%) and EBITDA of ₹48,942 (EBITDA margin 7.3%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 51% over five years.
As per MCA filings, the company has open charges of ₹75.5 Cr and satisfied charges of ₹26.09 Cr on record. Court records list 22 cases involving the company, including 5 filed by the company and 18 filed against it; 2 cases are pending.
The last known website on record is texplast.co.ke.
Company details
CIN history
Texplast Industries has one previous CIN (Corporate Identification Number): U27100MH1970PLC014933. The current CIN is L27100MH1970PLC014933, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27100MH1970PLC014933 | Current |
| U27100MH1970PLC014933 | Previous |
Contact details
Texplast Industries Limited's registered office is in Thane, Maharashtra. Its website is texplast.co.ke. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGut No 39/40 Village Nehroli Taluka Wada, Thane, Maharashtra, India – 421312
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Texplast Industries 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 Texplast Industries 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 Texplast Industries Limited, buy the company report.
Financials of Texplast Industries Limited
FY 2021 filings availableTexplast Industries Limited reported revenue of ₹6.72 Lakh (down 84% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 84% fall in the latest year. EBITDA rose 309% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6.72 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹48,942 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹27.84 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | -414.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Texplast Industries Limited, buy the company report.
Board of directors of Texplast Industries Limited
Texplast Industries has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hetal Jigar Rajyagor | Director | 30 May 2017 | 9 Years 4 Months | As last reported |
| Sukumar Nandalal Shah Also directs: Pristine Chemicals Pvt. Ltd. | Managing Director | 01 Jun 1972 | 54 Years 4 Months | As last reported |
| Anup Murarilal Jhunjhunwala Also directs: Jhunjhunwala Cotspin Private Limited | Director | 30 Apr 2016 | 10 Years 5 Months | As last reported |
Auditor
Texplast Industries Limited is audited by P.C. Rathi & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.C. Rathi & Co. | FY 2021 | 111799W |
Shareholding
The shareholding of Texplast Industries Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Texplast Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2007 | 10063618 | Indian Overseas Bank | ₹32.89 Cr | Open | |
| 24 Jul 2007 | 10063792 | Indian Overseas Bank | ₹42.61 Cr | Open | |
| 29 Dec 2004 | 90145590 | The South Indian Bank Liminited | ₹1 Cr | Satisfied | |
| 20 Dec 2004 | 90149157 | The South Indian Bank Limited | ₹1 Cr | Satisfied | |
| 22 Mar 2002 | 90147891 | The South Indian Bank Limited | ₹20 Lakh | Satisfied |
To see the full charge records of Texplast Industries Limited, buy the company report.
Total charge records: 25 View all charges
Legal cases
Texplast Industries Limited has 22 court cases on record: 5 filed by Texplast Industries, 18 filed against it. 2 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 10 | 0 |
| High courts | 10 | 8 | 2 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMEX) | Filed against the company by Paisalo Digital Ltd. (Formerly Known As S. E. Investments Ltd.) and 1 other | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Paisalo Digital Limited | Pending |
| High Court, MAHARASHTRA | Court case (CHOL) | Filed against the company by Paisalo Digital Limited (Formaly Known As S.E. Investment Ltd) | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against S.E. Investment Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Kookey Multitrading P. Ltd | Disposed |
To see the full case history of Texplast Industries 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 Texplast Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Texplast Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Texplast Industries Limited, buy the company report.
Recent activity
Texplast Industries Limited has 25 board changes on record since 1972: 14 appointments and 11 cessations. The latest: Milan Madan Gupta ceased to be Additional Director on 23 Aug 2021.
78 earlier events are in the company report.
Frequently asked questions
Texplast Industries 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.
Texplast Industries is a company under insolvency, formerly operating as a public limited company based in Thane, Maharashtra, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 31 December 1970 and is registered under CIN L27100MH1970PLC014933. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Texplast Industries has 3 current directors:
- Sukumar Nandalal Shah - Managing Director
- Hetal Jigar Rajyagor - Director
- Anup Murarilal Jhunjhunwala - Director
The latest financial statements of Texplast Industries on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Texplast Industries is L27100MH1970PLC014933. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Texplast Industries is recorded as a listed company by MCA, but its shares were delisted from BSE on 24 Feb 2023 · compulsory delisting, and no longer trade on a stock exchange.
Texplast Industries has open charges of ₹75.5 Cr and satisfied charges of ₹26.09 Cr as per latest MCA filings.
Texplast Industries has 22 court cases on record: 5 filed by the company and 18 filed against it. 2 are pending. Most are in the district courts.
Texplast Industries was incorporated on 31 December 1970. It is registered with the Registrar of Companies, Mumbai.
Milan Madan Gupta ceased to be Additional Director on 23 Aug 2021. Jayesh Himatlal Mehta ceased to be Additional Director on 22 Oct 2018. Alkesh Patidar ceased to be Company Secretary on 20 Jul 2018. Texplast Industries has 25 board changes on record in total.