Polar Elektric Limited

Sells fans, lighting, refrigeration, air conditioning equipment, machinery, and raw materials.

2004 | Kolkata, West Bengal (India) | Active
Last Updated:

Polar Elektric Profile

Key Indicators

  • Authorised Capital ₹ 7.50 M
  • Paid Up Capital ₹ 5.97 M
  • Company Age 20 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 93.16 Cr
  • Revenue Growth -58.23%
  • Profit Growth -25651.90%
  • Ebitda -301.38%
  • Net Worth -94.79%
  • Total Assets -67.09%

About Polar Elektric

Polar Elektric Limited (PEL) is a Public Limited Indian Non-Government Company incorporated in India on 23 December 2004 and has a history of 20 years and two months. Its registered office is in Kolkata, West Bengal, India.

The Company is engaged in the Consumer Electronics & Durables 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 5.97 M.

The company currently has active open charges totaling ₹93.16 Cr.

Ramesh Dhanuka, Kanishk Goyal, and Chandra Shekhar serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U31909WB2004PLC100818

  • Company No.

    100818

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    23 Dec 2004

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Consumer Electronics & Durables

Who are the key members and board of directors at Polar Elektric?

Board Members (3)

NameDesignationAppointment DateStatus
Ramesh Dhanuka Country flag representing In Director 10-Mar-2023Current
Kanishk Goyal Country flag representing In Director 25-Sep-2017Current
Chandra Shekhar Country flag representing In Director 25-Oct-2022Current

Financial Performance of Polar Elektric.

Polar Elektric Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 58.23% decrease. The company also saw a substantial fall in profitability, with a 25651.9% decrease in profit. The company's net worth observed a substantial decline by a decrease of 94.79%.

Polar Elektric revenue growth over time
Polar Elektric 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
-58.23%
Revenue from Operations
0.23%
Total Assets
-67.09%
Profit or Loss
-25651.90%
Net Worth
-94.79%
EBITDA
-301.38%

What is the Ownership and Shareholding Structure of Polar Elektric?

In 2023, Polar Elektric had a promoter holding of 66.27% and a public holding of 33.72%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹931.64 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Mr. Ashok Goyal : 88.25 Cr
  • Others : 4.91 Cr

Latest Charge Details

DateLenderAmountStatus
17 Aug 2024Others₹4.91 CrOpen
25 Apr 2012Mr. Ashok Goyal₹88.25 CrOpen

How Many Employees Work at Polar Elektric?

Unlock and access historical data on people associated with Polar Elektric, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Polar Elektric Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Polar Elektric, 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 Polar Elektric'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 Polar Elektric

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 49.14 M with Charge ID 100962848 was registered on 17 Aug 2024.

  • Annual General Meeting

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

  • Balance Sheet

    Polar Elektric Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

  • Director Appointment

    Ramesh Kumar Dhanuka was appointed as a Director was appointed as a Director on 10 Mar 2023 & has been associated with this company since 1 year 11 months .

  • Director Appointment

    Chandra Khaitan Shekhar was appointed as a Director was appointed as a Director on 25 Oct 2022 & has been associated with this company since 2 years 4 months .

  • Director Appointment

    Kanishk Goyal was appointed as a Director was appointed as a Director on 25 Sep 2017 & has been associated with this company since 7 years 5 months .

Frequently asked questions

  • What is the Incorporation or founding date of Polar Elektric Limited?

    Polar Elektric Limited was incorporated on 23 Dec 2004.

  • What is authorized share capital and paid-up capital of Polar Elektric Limited?

    The authorized share capital of Polar Elektric Limited is ₹ 7.50 M and paid-up capital is ₹ 5.97 M.

  • Who are the current board members & directors of Polar Elektric Limited?

    Currently 3 directors are associated with Polar Elektric Limited.

    • Ramesh Kumar Dhanuka
    • Kanishk Goyal
    • Chandra Khaitan Shekhar

  • What is the registered address of Polar Elektric Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Polar Elektric Limited is Unit No 8B 8Th Floor, 23 Circus Avenue India, Kolkata, West Bengal, 700017.

  • What is the corporate identification number (CIN) and company number of Polar Elektric Limited?

    The corporate identification number (CIN) of Polar Elektric Limited is U31909WB2004PLC100818 and the company number is 100818 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Polar Elektric Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Polar Elektric Limited has fallen by -58.23%.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Polar Elektric Limited has experienced an downturn of -94.79%.

  • What are the total open charges for Polar Elektric Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Polar Elektric Limited amount to ₹ 93.16 Cr.

  • When was the last Balance Sheet of Polar Elektric Limited filed with the ROC?

    The most recent Balance Sheet for Polar Elektric Limited was filed with the ROC on 31 Mar 2023.

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