Spica Elastic Private Limited

Manufacturer of industrial webbing, woven and knitted fabrics, offering elastic products and design services.

1979 | Mumbai, Maharashtra (India) | Active
Last Updated:

Spica Elastic Profile

Key Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 4.61 Cr
  • Company Age 45 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 36.88 Cr
  • Satisfied Charges ₹ 104.35 Cr
  • Revenue Growth -66.54%
  • Profit Growth 109.63%
  • Ebitda 51.23%
  • Net Worth 6.56%
  • Total Assets -29.93%

About Spica Elastic

Spica Elastic Private Limited (SEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 25 September 1979 and has a history of 45 years and six months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Spica Elastic Limited. The Company is engaged in the Manufacturing 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 7.00 Cr and a paid-up capital of Rs 4.61 Cr.

The company currently has active open charges totaling ₹36.88 Cr. The company has closed loans amounting to ₹104.35 Cr, as per Ministry of Corporate Affairs (MCA) records.

Sohrab Bharucha, Manisha Jaitha, Amish Jaitha, and One other member serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17236MH1979PTC021712

  • Company No.

    021712

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    25 Sep 1979

  • Date of AGM

    10 Nov 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Manufacturing

What products or services does Spica Elastic Private Limited offer?

Spica Elastic Private Limited offers a wide range of products and services, including Face Mask & Medical PPE Kits, Elastic Tapes.

Who are the key members and board of directors at Spica Elastic?

Executive Team (1)

NameDesignationAppointment DateStatus
Manish Jaitha Country flag representing In Managing Director20-Jun-1988Current

Board Members (3)

NameDesignationAppointment DateStatus
Sohrab Bharucha Country flag representing In Director 01-Apr-2019Current
Manisha Jaitha Country flag representing In Director 01-Apr-2019Current
Amish Jaitha Country flag representing In Director 16-Nov-1997Current

Financial Performance of Spica Elastic.

Spica Elastic Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 66.54% decrease. The company also saw a substantial improvement in profitability, with a 109.63% increase in profit. The company's net worth moved up by a moderate rise of 6.56%.

Spica Elastic revenue growth over time
Spica Elastic 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
-66.54%
Revenue from Operations
-92.37%
Total Assets
-29.93%
Profit or Loss
109.63%
Net Worth
6.56%
EBITDA
51.23%

What is the Ownership and Shareholding Structure of Spica Elastic?

In 2021, Spica Elastic had a promoter holding of 78.53% and a public holding of 21.47%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹36.88 Cr

Satisfied Charges

₹104.35 Cr

Charges Breakdown by Lending Institutions

  • The Saraswat Co-Operative Bank Limited : 28.50 Cr
  • Others : 6.81 Cr
  • Bank Of India : 1.57 Cr

Latest Charge Details

DateLenderAmountStatus
30 Nov 2021Bank Of India₹1.57 CrOpen
30 Sep 2021Others₹6.81 CrOpen
19 Nov 2010The Saraswat Co-Operative Bank Limited₹14.00 CrOpen
15 Dec 2005The Saraswat Co-Operative Bank Limited₹14.50 CrOpen
07 Sep 2019Others₹10.00 CrSatisfied

How Many Employees Work at Spica Elastic?

Spica Elastic has a workforce of 3 employees as of Apr 07, 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 Spica Elastic Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Spica Elastic, 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 Spica Elastic'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 Spica Elastic

Recent activity within the organization

  • Annual General Meeting

    Spica Elastic Private Limited last Annual general meeting of members was held on 10 Nov 2023 as per latest MCA records.

  • Balance Sheet

    Spica Elastic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Charges

    A charge with Others of Rs. 6.81 Cr registered on 30 Sep 2021 with Charge ID 100497587 was modified on 21 Feb 2022.

  • Charges

    A charge registered on 07 Sep 2019 via Charge ID 100291462 with Others was fully satisfied on 12 Jan 2022.

  • Charges

    A charge with Bank Of India amounted to Rs. 1.57 Cr with Charge ID 100516034 was registered on 30 Nov 2021.

  • Charges

    A charge with Others amounted to Rs. 6.81 Cr with Charge ID 100497587 was registered on 30 Sep 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Spica Elastic Private Limited?

    Spica Elastic Private Limited was incorporated on 25 Sep 1979.

  • What is authorized share capital and paid-up capital of Spica Elastic Private Limited?

    The authorized share capital of Spica Elastic Private Limited is ₹ 7.00 Cr and paid-up capital is ₹ 4.61 Cr.

  • Who are the current board members & directors of Spica Elastic Private Limited?

    Currently 4 directors are associated with Spica Elastic Private Limited.

    • Sohrab Khurshed Bharucha
    • Manisha Manish Jaitha
    • Amish Rajnikant Jaitha
    • Manish Rajnikant Jaitha

  • What is the registered address of Spica Elastic Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Spica Elastic Private Limited is 477 Chandra Chowk3Rd Lane M J Cloth Market India, Mumbai, Maharashtra, 400002.

  • What is the corporate identification number (CIN) and company number of Spica Elastic Private Limited?

    The corporate identification number (CIN) of Spica Elastic Private Limited is U17236MH1979PTC021712 and the company number is 021712 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Spica Elastic Private Limited?

    The Official website of Spica Elastic Private Limited is https://www.spicaindia.com

  • What has been the recent revenue trend for Spica Elastic Private Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Spica Elastic Private Limited has fallen by -66.54%.

  • How many employees does Spica Elastic Private Limited currently have?

    As Per 2021 financial reports, 3 employees are currently employed by Spica Elastic Private Limited.

  • What change has been observed in the net worth of Spica Elastic Private Limited, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Spica Elastic Private Limited has experienced an upsurge of 6.56%.

  • What are the total open charges for Spica Elastic Private Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Spica Elastic Private Limited amount to ₹ 36.88 Cr.

  • When was the last Balance Sheet of Spica Elastic Private Limited filed with the ROC?

    The most recent Balance Sheet for Spica Elastic Private Limited was filed with the ROC on 31 Mar 2023.

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