Comet Polyplast Private Limited

Manufactures PVC pipes at facility in Jamnagar, Gujarat.

2015 | Rajkot, Gujarat (India) | Active
Last Updated: December 04, 2024

Comet Polyplast Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 2.00 Cr
  • Company Age 9 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 13.19 Cr
  • Satisfied Charges ₹ 4.95 Cr
  • Revenue Growth 36.49%
  • Profit Growth 321.16%
  • Ebitda 61.30%
  • Net Worth 80.04%
  • Total Assets 60.63%

About Comet Polyplast

Comet Polyplast Private Limited (CPPL) is a Private Limited Indian Non-Government Company incorporated in India on 17 July 2015 (Nine years and seven months 11 days old ). Its registered office is in Rajkot, Gujarat, India.

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 2024. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 2.00 Cr.

The company currently has active open charges totaling ₹13.19 Cr. The company has closed loans amounting to ₹4.95 Cr, as per Ministry of Corporate Affairs (MCA) records.

Akash Bhut, Dhruv Bhut, Parinkumar Bhut, and Three other members serve as directors at the Company.

Company Details

  • Location

    Rajkot, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    cometpolyplast.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U25200GJ2015PTC083879

  • Company No.

    083879

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    17 Jul 2015

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing

What products or services does Comet Polyplast Private Limited offer?

Comet Polyplast Private Limited offers a wide range of products and services, including PVC, CPVC, HDPE Water Pipe Fittings, Plastic Coupling, Plastic Tee, UPVC Pipe Fittings, Plastic Elbow, CPVC Reducing Bush, Plumbing Pipe, UPVC Plumbing Pipes, CPVC Tee, PVC, FRP, HDPE & Other Plastic Pipes.

Who are the key members and board of directors at Comet Polyplast?

Board Members (6)

NameDesignationAppointment DateStatus
Rohitbhai Bhut Country flag representing In Director 17-Jul-2015Current
Parinkumar Bhut Country flag representing In Director 29-Oct-2015Current
Sudhaben Bhut Country flag representing In Director 17-Jul-2015Current
Akash Bhut Country flag representing In Director 19-Oct-2020Current
Dhruv Bhut Country flag representing In Director 19-Oct-2020Current
Viren Bhut Country flag representing In Director 17-Jul-2015Current

Financial Performance of Comet Polyplast.

Comet Polyplast Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 36.49% increase. The company also saw a substantial improvement in profitability, with a 321.16% increase in profit. The company's net worth Soared by an impressive increase of 80.04%.

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
36.49%
Revenue from Operations
35.50%
Total Assets
60.63%
Profit or Loss
321.16%
Net Worth
80.04%
EBITDA
61.30%

What is the Ownership and Shareholding Structure of Comet Polyplast?

In 2020, Comet Polyplast had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹13.19 Cr

Satisfied Charges

₹4.95 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 11.98 Cr
  • Sidbi : 1.21 Cr

Latest Charge Details

DateLenderAmountStatus
27 Feb 2024Sidbi₹1.21 CrOpen
14 Dec 2020Hdfc Bank Limited₹11.98 CrOpen
04 Dec 2015Canara Bank₹4.95 CrSatisfied

How Many Employees Work at Comet Polyplast?

Comet Polyplast has a workforce of 33 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Comet Polyplast, 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 Comet Polyplast'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 Comet Polyplast

Recent activity within the organization

  • Annual General Meeting

    Comet Polyplast Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Comet Polyplast Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

    31 Mar 2024

  • Charges

    A charge with Sidbi amounted to Rs. 1.21 Cr with Charge ID 100882633 was registered on 27 Feb 2024.

    27 Feb 2024

  • Charges

    A charge with Hdfc Bank Limited of Rs. 11.98 Cr registered on 14 Dec 2020 with Charge ID 100396358 was modified on 20 May 2023.

    20 May 2023

  • Charges

    A charge registered on 04 Dec 2015 via Charge ID 10609067 with Canara Bank was fully satisfied on 25 Jan 2021.

    25 Jan 2021

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 11.98 Cr with Charge ID 100396358 was registered on 14 Dec 2020.

    14 Dec 2020

Frequently asked questions

  • Comet Polyplast Private Limited was incorporated on 17 Jul 2015.

  • The authorized share capital of Comet Polyplast Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 2.00 Cr.

  • Currently 6 directors are associated with Comet Polyplast Private Limited.

    • Akash Rameshbhai Bhut
    • Dhruv Hemantbhai Bhut
    • Parinkumar Bhanjibhai Bhut
    • Sudhaben Kantilal Bhut
    • Viren Jadavbhai Bhut
    • Rohitbhai Jadavbhai Bhut
  • As per Ministry of Corporate Affairs (Mca), the registered address of Comet Polyplast Private Limited is Plot No. E-106B Nr. Galaxy Pan Almighty Gate Metoda Gidc, Kalawad Road India, Rajkot, Gujarat, 360021.

  • The corporate identification number (CIN) of Comet Polyplast Private Limited is U25200GJ2015PTC083879 and the company number is 083879 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Comet Polyplast Private Limited is https://www.cometpolyplast.com

  • According to the financial reports for the fiscal year 2020, the revenue trend for Comet Polyplast Private Limited has risen by 36.49%.

  • As Per 2020 financial reports, 33 employees are currently employed by Comet Polyplast Private Limited.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Comet Polyplast Private Limited has experienced an upsurge of 80.04%.

  • As per the financial statements for fiscal Year 2020, The total open charges for Comet Polyplast Private Limited amount to ₹ 13.19 Cr.

  • The most recent Balance Sheet for Comet Polyplast Private Limited was filed with the ROC on 31 Mar 2024.