Polyelastic Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 1.00 Cr
- Company Age 38 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 3.05 Cr
- Satisfied Charges ₹ 4.31 Cr
- Revenue Growth -16.51%
- Profit Growth -5676.42%
- Ebitda -209.05%
- Net Worth -186.34%
- Total Assets -8.84%
About Polyelastic
Polyelastic Private Limited (PPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 27 June 1986 and has a history of 38 years and seven months. Its registered office is in Tiruvallur, Tamil Nadu, India.
The Corporate was formerly known as Poly Elastic Private 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 1.00 Cr and a paid-up capital of Rs 1.00 Cr.
The company currently has active open charges totaling ₹3.05 Cr. The company has closed loans amounting to ₹4.31 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ravi Gurusamy, Padmavathy Ravirajan, Niranjan Ravirajan, and One other member serve as directors at the Company.
Company Details
- Location
Tiruvallur, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U25209TN1986PTC013143
- Company No.
013143
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
27 Jun 1986
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
What products or services does Polyelastic Private Limited offer?
Polyelastic 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 Polyelastic?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Balasubramanian Sivanesa  | Managing Director | 01-Jan-2016 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Niranjan Ravirajan | Director | 07-Apr-2010 | Current |
| Ravi Gurusamy | Whole-Time Director | 27-Jun-1986 | Current |
| Padmavathy Ravirajan | Director | 25-Mar-2003 | Current |
Financial Performance of Polyelastic.
Polyelastic Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 16.51% decrease. The company also saw a substantial fall in profitability, with a 5676.42% decrease in profit. The company's net worth observed a substantial decline by a decrease of 186.34%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Polyelastic?
In 2023, Polyelastic had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹3.05 Cr
₹4.31 Cr
Charges Breakdown by Lending Institutions
- Others : 3.05 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Dec 2017 | Others | ₹3.05 Cr | Open |
| 18 Dec 2015 | Tamilnad Mercantile Bank Limited | ₹1.40 Cr | Satisfied |
| 16 Mar 2009 | Tamilnad Mercantile Bank Limited | ₹0.90 M | Satisfied |
| 16 Mar 2009 | Tamilnad Mercantile Bank Limited | ₹1.21 Cr | Satisfied |
| 17 Mar 2006 | Tamilnad Mercantile Bank Limited | ₹7.71 M | Satisfied |
How Many Employees Work at Polyelastic?
Polyelastic has a workforce of 82 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Polyelastic, 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 Polyelastic's trajectory.
Rating
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
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.