Elasto Tapes Limited

Manufacturer of various elastic tapes for clothing, sportswear, medical and luggage applications.

1997 | Thiruvananthapuram, Kerala (India) | Active
Last Updated: October 23, 2024

Elasto Tapes Profile

Key Indicators

  • Authorised Capital ₹ 7.50 M
  • Paid Up Capital ₹ 7.50 M
  • Company Age 27 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.68 M
  • Satisfied Charges ₹ 1.22 Cr
  • Revenue Growth -46.16%
  • Profit Growth 182.48%
  • Ebitda 1157.13%
  • Net Worth 0.82%
  • Total Assets -7.59%

About Elasto Tapes

Elasto Tapes Limited (ETL) is a Public Limited Indian Non-Government Company incorporated in India on 19 December 1997 and has a history of 27 years and two months. Its registered office is in Thiruvananthapuram, Kerala, India.

The Company is engaged in the Packaging Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 7.50 M and a paid-up capital of Rs 7.50 M.

The company currently has active open charges totaling ₹4.68 M. The company has closed loans amounting to ₹1.22 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ganesh Padmanabhan, Ravichandran Rajan, Sudha Iyer, and Two other members serve as directors at the Company.

Company Details

  • Location

    Thiruvananthapuram, Kerala, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    gemsgroupindia.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U24295KL1997PLC011976

  • Company No.

    011976

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    19 Dec 1997

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ernakulam

Industry

Packaging

Who are the key members and board of directors at Elasto Tapes?

Board Members (5)

NameDesignationAppointment DateStatus
Ganesh Padmanabhan Country flag representing In Director 15-Jul-1998Current
Ravichandran Rajan Country flag representing In Director Current
Sudha Iyer Country flag representing In Director 19-Dec-1997Current
Sangeetha Balagopal Country flag representing In Director 19-Dec-1997Current
Koushik Country flag representing In Additional Director 02-Aug-2018Current

Financial Performance of Elasto Tapes.

Elasto Tapes Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 46.16% decrease. The company also saw a substantial improvement in profitability, with a 182.48% increase in profit. The company's net worth moved up by a moderate rise of 0.82%.

Graph illustrating revenue growth over time
Graph showing 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
-46.16%
Revenue from Operations
-46.22%
Total Assets
-7.59%
Profit or Loss
182.48%
Net Worth
0.82%
EBITDA
1157.13%

What is the Ownership and Shareholding Structure of Elasto Tapes?

In 2023, Elasto Tapes had a promoter holding of 65.75% and a public holding of 34.25%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4.68 M

Satisfied Charges

₹12.20 M

Charges Breakdown by Lending Institutions

  • State Bank Of Travancore : 0.47 Cr

Latest Charge Details

DateLenderAmountStatus
01 Dec 2004State Bank Of Travancore₹0.18 MOpen
06 Jan 2004State Bank Of Travancore₹0.50 MOpen
12 Oct 1999State Bank Of Travancore₹4.00 MOpen
17 Feb 1999State Bank Of Travancore₹6.00 MSatisfied
24 Aug 1998Kerala State Industrial Development Corporation₹6.20 MSatisfied

How Many Employees Work at Elasto Tapes?

Elasto Tapes has a workforce of 2 employees as of Apr 04, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Elasto Tapes, 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 Elasto Tapes'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 Elasto Tapes

Recent activity within the organization

  • Charges

    A charge registered on 24 Aug 1998 via Charge ID 90017199 with Kerala State Industrial Development Corporation was fully satisfied on 05 Jun 2024.

    05 Jun 2024

  • Annual General Meeting

    Elasto Tapes Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Elasto Tapes Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ernakulam.

    31 Mar 2023

  • Director Appointment

    Koushik was appointed as a Additional Director was appointed as a Additional Director on 02 Aug 2018 & has been associated with this company since 6 years 6 months .

    02 Aug 2018

  • Charges

    A charge registered on 17 Feb 1999 via Charge ID 90017323 with State Bank Of Travancore was fully satisfied on 04 Aug 2015.

    04 Aug 2015

  • Charges

    A charge with State Bank Of Travancore of Rs. 4.00 M registered on 12 Oct 1999 with Charge ID 90017550 was modified on 05 Jun 2007.

    05 Jun 2007

Frequently asked questions

  • Elasto Tapes Limited was incorporated on 19 Dec 1997.

  • The authorized share capital of Elasto Tapes Limited is ₹ 7.50 M and paid-up capital is ₹ 7.50 M.

  • Currently 5 directors are associated with Elasto Tapes Limited.

    • Ganesh Padmanabhan
    • Ravichandran Rajan
    • Sudha Rama Iyer
    • Sangeetha Balagopal
    • Koushik
  • As per Ministry of Corporate Affairs (Mca), the registered address of Elasto Tapes Limited is Sree Padmam40/802 Sreevaraham India, Thiruvananthapuram, Kerala, 695009.

  • The corporate identification number (CIN) of Elasto Tapes Limited is U24295KL1997PLC011976 and the company number is 011976 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Elasto Tapes Limited is https://www.gemsgroupindia.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Elasto Tapes Limited has fallen by -46.16%.

  • As Per 2023 financial reports, 2 employees are currently employed by Elasto Tapes Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Elasto Tapes Limited has experienced an upsurge of 0.82%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Elasto Tapes Limited amount to ₹ 4.68 M.

  • The most recent Balance Sheet for Elasto Tapes Limited was filed with the ROC on 31 Mar 2023.

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