Polyset Plastics Profile
Key Indicators
- Authorised Capital ₹ 12.00 Cr
- Paid Up Capital ₹ 7.45 Cr
- Company Age 51 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 43.10 Cr
- Satisfied Charges ₹ 73.27 Cr
- Revenue Growth 20.84%
- Profit Growth -78.00%
- Ebitda -36.04%
- Net Worth 1.04%
- Total Assets -11.25%
About Polyset Plastics
Polyset Plastics Private Limited (PPPL) was founded in India on 15 September 1973 and has a glorious history of 51 years and five months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Polyset Plast 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 2024. It's a company limited by shares with an authorized capital of Rs 12.00 Cr and a paid-up capital of Rs 7.45 Cr.
The company currently has active open charges totaling ₹43.10 Cr. The company has closed loans amounting to ₹73.27 Cr, as per Ministry of Corporate Affairs (MCA) records.
Bhupesh Bafna and Anjuu Baafna 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
U25209MH1973PTC016846
- Company No.
016846
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
15 Sep 1973
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Manufacturing
What products or services does Polyset Plastics Private Limited offer?
Polyset Plastics Private Limited offers a wide range of products and services, including Plastic Furniture & Supplies, Plastic Chairs & Chairs Set, Kitchen & Dining Furniture, Dining Table & Chair, Plastic Tables & Stools, Living Room Furniture & Sofa Sets, Table, Bathroom Accessories, Plastic Shelf & Rack.
Who are the key members and board of directors at Polyset Plastics?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Bhupesh Bafna  | Managing Director | 01-Nov-1997 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Anjuu Baafna | Director | 01-Mar-2017 | Current |
Financial Performance of Polyset Plastics.
Polyset Plastics Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 20.84% increase. The company also saw a substantial fall in profitability, with a 78% decrease in profit. The company's net worth moved up by a moderate rise of 1.04%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Polyset Plastics?
In 2022, Polyset Plastics had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Shalimar Infotech Private LimitedBhupesh Bafna is a mutual person
Mehul Finance And Investments Private LimitedBhupesh Bafna and Anjuu Baafna are mutual person
Charges (Loans)
Open Charges
₹43.10 Cr
Satisfied Charges
₹73.27 Cr
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 25.00 Cr
- Others : 10.00 Cr
- The Industrial Credit And Investment Corportion Of India Lim : 5.00 Cr
- Sicom Limited : 2.30 Cr
- The State Industrial And Investment Corportion Of Maharash : 0.80 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2018 | Others | ₹10.00 Cr | Open |
| 30 Mar 2015 | Yes Bank Limited | ₹25.00 Cr | Open |
| 27 Sep 1995 | Sicom Limited | ₹1.50 Cr | Open |
| 28 Jul 1994 | The Industrial Credit And Investment Corportion Of India Lim | ₹5.00 Cr | Open |
| 22 Dec 1988 | Sicom Limited | ₹8.00 M | Open |
How Many Employees Work at Polyset Plastics?
Polyset Plastics has a workforce of 595 employees as of Mar 28, 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 Polyset Plastics, 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 Polyset Plastics'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.
Latest Updates, News, and FAQs on Polyset Plastics
Recent activity within the organization
- Annual General Meeting
Polyset Plastics Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Polyset Plastics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge with Yes Bank Limited of Rs. 25.00 Cr registered on 30 Mar 2015 with Charge ID 10569684 was modified on 04 Oct 2023.
- Charges
A charge registered on 17 Jan 2018 via Charge ID 100153689 with Yes Bank Limited was fully satisfied on 20 Sep 2023.
- Charges
A charge registered on 24 Jan 2017 via Charge ID 100078176 with Yes Bank Limited was fully satisfied on 20 Sep 2023.
- Charges
A charge with Others of Rs. 10.00 Cr registered on 30 Nov 2018 with Charge ID 100223108 was modified on 14 Jun 2019.
Frequently asked questions
What is the Incorporation or founding date of Polyset Plastics Private Limited?
Polyset Plastics Private Limited was incorporated on 15 Sep 1973.
What is authorized share capital and paid-up capital of Polyset Plastics Private Limited?
The authorized share capital of Polyset Plastics Private Limited is ₹ 12.00 Cr and paid-up capital is ₹ 7.45 Cr.
Who are the current board members & directors of Polyset Plastics Private Limited?
Currently 2 directors are associated with Polyset Plastics Private Limited.
- Bhupesh Premraj Bafna
- Anjuu Shailesh Baafna
What is the registered address of Polyset Plastics Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Polyset Plastics Private Limited is Unit Nos. 901 - 906 9Th Floor Cello Triumph I. B. Patel Road Goregaon (East), India, Mumbai, Maharashtra, 400063.
What is the corporate identification number (CIN) and company number of Polyset Plastics Private Limited?
The corporate identification number (CIN) of Polyset Plastics Private Limited is U25209MH1973PTC016846 and the company number is 016846 as per Ministry of Corporate Affairs (MCA).
What is the official website of Polyset Plastics Private Limited?
The Official website of Polyset Plastics Private Limited is https://www.polyset.net
What has been the recent revenue trend for Polyset Plastics Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Polyset Plastics Private Limited has risen by 20.84%.
How many employees does Polyset Plastics Private Limited currently have?
As Per 2022 financial reports, 595 employees are currently employed by Polyset Plastics Private Limited.
What change has been observed in the net worth of Polyset Plastics Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Polyset Plastics Private Limited has experienced an upsurge of 1.04%.
What are the total open charges for Polyset Plastics Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Polyset Plastics Private Limited amount to ₹ 43.10 Cr.
When was the last Balance Sheet of Polyset Plastics Private Limited filed with the ROC?
The most recent Balance Sheet for Polyset Plastics Private Limited was filed with the ROC on 31 Mar 2024.
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