Advance Syntex Limited

Founded in 1990 and headquartered in Gujarat, India.

1990 | Vadodara, Gujarat (India) | Active
Last Updated:

Advance Syntex Profile

Key Indicators

  • Authorised Capital ₹ 11.50 Cr
  • Paid Up Capital ₹ 11.10 Cr
  • Company Age 34 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 60.78 Cr
  • Satisfied Charges ₹ 27.42 Cr
  • Revenue Growth -34.32%
  • Profit Growth 58.77%
  • Ebitda -1021.18%
  • Net Worth -12.32%
  • Total Assets -17.85%

About Advance Syntex

Advance Syntex Limited (ASL) is a leading Public Limited Indian Non-Government Company incorporated in India on 21 September 1990 and has a history of 34 years and five months. Its registered office is in Vadodara, Gujarat, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 539982.

The Corporate was formerly known as Advance Syntex Private Limited. The Company is engaged in the Chemicals And Materials Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 11.50 Cr and a paid-up capital of Rs 11.10 Cr.

The company currently has active open charges totaling ₹60.78 Cr. The company has closed loans amounting to ₹27.42 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Advance Syntex Limited India are Ambica Sharma as COMPANY SECRETARY and Bhavan Vora as Cfo. Ronojoy Basu, Ashish Shukla, Himeshbhai Shah, and Four other members serve as directors at the Company.

Company Details

  • Location

    Vadodara, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17119GJ1990PLC014406

  • Company No.

    014406

  • Stock Symbol

    BSE : 539982

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    21 Sep 1990

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Chemicals and Materials
Packaging

What products or services does Advance Syntex Limited offer?

Advance Syntex Limited offers a wide range of products and services, including Barcode, Stickers & Luggage Tags, Stickers, Dyes & Color Additives, Organic Pigment, Cosmetics, Hair & Beauty Products, Nail Cosmetics, Metal Complex Pigments, Packaging Films & Foils, Plastic Film, Gifts, Crafts & Artifacts.

Who are the key members and board of directors at Advance Syntex?

Executive Team (2)

NameDesignationAppointment DateStatus
Bhavan Vora Country flag representing In CFO04-Sep-2017Current
Ambica Sharma Company Secretary07-Mar-2024Current

Board Members (6)

NameDesignationAppointment DateStatus
Ronojoy Basu Country flag representing In Director 05-Sep-2020Current
Ashish Shukla Country flag representing In Director 02-Feb-2019Current
Himeshbhai Shah Country flag representing In Director 24-Dec-2015Current
Darshana Vora Country flag representing In Whole-Time Director 30-Sep-2013Current
Praful Pandya Country flag representing In Director 15-Dec-2010Current
Nandishkumar Gandhi Country flag representing In Director 15-Dec-2010Current

Financial Performance of Advance Syntex.

Advance Syntex Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 34.32% decrease. The company also saw a substantial improvement in profitability, with a 58.77% increase in profit. The company's net worth observed a substantial decline by a decrease of 12.32%.

Advance Syntex revenue growth over time
Advance Syntex profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-34.32%
Revenue from Operations
-34.23%
Total Assets
-17.85%
Profit or Loss
58.77%
Net Worth
-12.32%
EBITDA
-1021.18%

What is the Ownership and Shareholding Structure of Advance Syntex?

In 2022, Advance Syntex had a promoter holding of 59.76% and a public holding of 40.24%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹60.78 Cr

Satisfied Charges

₹27.42 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 50.15 Cr
  • Others : 10.44 Cr
  • Siemens Financial Services Private Limited : 0.19 Cr

Latest Charge Details

DateLenderAmountStatus
31 Aug 2020Others₹4.69 MOpen
31 Aug 2020Others₹1.51 MOpen
29 Aug 2020Others₹1.45 MOpen
17 Aug 2020Others₹2.59 MOpen
24 Jun 2020Axis Bank Limited₹7.50 MOpen

How Many Employees Work at Advance Syntex?

Advance Syntex has a workforce of 8 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Advance Syntex Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Advance Syntex, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Advance Syntex's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Advance Syntex

Recent activity within the organization

  • Annual General Meeting

    Advance Syntex Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Advance Syntex Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Director Appointment

    Ambica Pal Sharma was appointed as a Company Secretary was appointed as a Company Secretary on 07 Mar 2024 & has been associated with this company since 11 months 30 days .

  • Charges

    A charge with Axis Bank Limited of Rs. 24.70 Cr registered on 15 May 2017 with Charge ID 100110008 was modified on 28 Jan 2021.

  • Charges

    A charge with Axis Bank Limited of Rs. 24.70 Cr registered on 07 Aug 2015 with Charge ID 10589181 was modified on 22 Oct 2020.

  • Charges

    A charge with Others amounted to Rs. 0.47 Cr with Charge ID 100368877 was registered on 31 Aug 2020.

Frequently asked questions

  • What is the Incorporation or founding date of Advance Syntex Limited?

    Advance Syntex Limited was incorporated on 21 Sep 1990.

  • What is authorized share capital and paid-up capital of Advance Syntex Limited?

    The authorized share capital of Advance Syntex Limited is ₹ 11.50 Cr and paid-up capital is ₹ 11.10 Cr.

  • Who are the current board members & directors of Advance Syntex Limited?

    Currently 9 directors are associated with Advance Syntex Limited.

    • Ambica Pal Sharma
    • Bhavan Vora
    • Ronojoy Basu
    • Ashish Govindlal Shukla
    • Himeshbhai Ochchhavlal Shah
    • Darshana Devang Vora
    • Praful Ramanlal Pandya
    • Bhavan Vora
    • Nandishkumar Vinodray Gandhi

  • What is the registered address of Advance Syntex Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Advance Syntex Limited is 233/2 238/2, G I D C Por Ramangamdi India, Vadodara, Gujarat, 391243.

  • What is the corporate identification number (CIN) and company number of Advance Syntex Limited?

    The corporate identification number (CIN) of Advance Syntex Limited is L17119GJ1990PLC014406 and the company number is 014406 as per Ministry of Corporate Affairs (MCA).

  • Is Advance Syntex Limited registered with any stock exchange in India?

    Yes, Advance Syntex Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Advance Syntex Limited?

    The Official website of Advance Syntex Limited is https://www.midasglitter.com

  • What has been the recent revenue trend for Advance Syntex Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Advance Syntex Limited has fallen by -34.32%.

  • How many employees does Advance Syntex Limited currently have?

    As Per 2023 financial reports, 8 employees are currently employed by Advance Syntex Limited.

  • What change has been observed in the net worth of Advance Syntex Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Advance Syntex Limited has experienced an downturn of -12.32%.

  • What are the total open charges for Advance Syntex Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Advance Syntex Limited amount to ₹ 60.78 Cr.

  • When was the last Balance Sheet of Advance Syntex Limited filed with the ROC?

    The most recent Balance Sheet for Advance Syntex Limited was filed with the ROC on 31 Mar 2024.

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