Polyspin Exports Limited

Manufacturer of HDPE/PP bags and FIBC bags with integrated facility for production and innovation.

1985 | Virudhunagar, Tamil Nadu (India) | Active
Last Updated:

Polyspin Exports Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 5.00 Cr
  • Company Age 40 Year, 16 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 119.76 Cr
  • Satisfied Charges ₹ 84.09 Cr
  • Revenue Growth -13.09%
  • Profit Growth -89.90%
  • Ebitda -73.44%
  • Net Worth -1.94%
  • Total Assets 0.33%

About Polyspin Exports

Polyspin Exports Limited (PEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 March 1985 and has a history of 40 years. Its registered office is in Virudhunagar, Tamil Nadu, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 539354.

The Corporate was formerly known as Skanda Plastics Limited. The Company is engaged in the Packaging 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 5.00 Cr and a paid-up capital of Rs 5.00 Cr.

The company currently has active open charges totaling ₹119.76 Cr. The company has closed loans amounting to ₹84.09 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Polyspin Exports Limited India are Ayyanar Emarajan as COMPANY SECRETARY and Sankar Varathan as Cfo. Rammohanraja Ramji, Durga Ramji, Sinthalapadi Ravi, and Five other members serve as directors at the Company.

Company Details

  • Location

    Virudhunagar, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L51909TN1985PLC011683

  • Company No.

    011683

  • Stock Symbol

    BSE : 539354

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    29 Mar 1985

  • Date of AGM

    30 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chennai

Industry

Packaging
Company report

Polyspin Exports Limited

Explore comprehensive data for Polyspin Exports Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Polyspin Exports?

Executive Team (3)

NameDesignationAppointment DateStatus
Rammohanraja Ramji Country flag representing In Managing Director25-Sep-1991Current
Ayyanar Emarajan Company Secretary12-Feb-2022Current
Sankar Varathan Country flag representing In CFO25-Mar-2015Current

Board Members (7)

NameDesignationAppointment DateStatus
Rajesh Devarajan Country flag representing In Director 20-Sep-2019Current
Durga Ramji Country flag representing In Director 01-Jun-2014Current
Sinthalapadi Ravi Country flag representing In Director 27-Nov-1992Current
Sengalipuram Subramanian Country flag representing In Director 29-Mar-1985Current
Sinthalapadi Raja Country flag representing In Director 01-Sep-2019Current
Ramamirtham Sundharam Country flag representing In Director 01-Sep-2019Current

Financial Performance of Polyspin Exports.

Polyspin Exports Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 13.09% decrease. The company also saw a substantial fall in profitability, with a 89.9% decrease in profit. The company's net worth dipped by a decrease of 1.94%.

Polyspin Exports revenue growth over time
Polyspin Exports 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
-13.09%
Revenue from Operations
-12.83%
Total Assets
0.33%
Profit or Loss
-89.90%
Net Worth
-1.94%
EBITDA
-73.44%

What is the Ownership and Shareholding Structure of Polyspin Exports?

In 2023, Polyspin Exports had a promoter holding of 48.46% and a public holding of 51.54%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹119.76 Cr

Satisfied Charges

₹84.09 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 90.00 Cr
  • Axis Bank Limited : 28.88 Cr
  • Others : 0.89 Cr

Latest Charge Details

DateLenderAmountStatus
29 Jun 2024Others₹3.00 MOpen
21 Oct 2023Axis Bank Limited₹2.51 CrOpen
30 Sep 2023Others₹2.93 MOpen
30 Sep 2023Others₹1.17 MOpen
23 Sep 2023Others₹1.80 MOpen

How Many Employees Work at Polyspin Exports?

Polyspin Exports has a workforce of 1760 employees as of Apr 08, 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 Polyspin Exports Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Polyspin Exports, 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 Polyspin Exports'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 Polyspin Exports

Recent activity within the organization

  • Charges

    A charge with State Bank Of India of Rs. 90.00 Cr registered on 30 Aug 2023 with Charge ID 100783305 was modified on 16 Sep 2024.

  • Charges

    A charge with Axis Bank Limited of Rs. 23.61 Cr registered on 12 Jan 2022 with Charge ID 100532417 was modified on 16 Sep 2024.

  • Annual General Meeting

    Polyspin Exports Limited last Annual general meeting of members was held on 30 Aug 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 0.30 Cr with Charge ID 100953481 was registered on 29 Jun 2024.

  • Balance Sheet

    Polyspin Exports Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 2.51 Cr with Charge ID 100809621 was registered on 21 Oct 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Polyspin Exports Limited?

    Polyspin Exports Limited was incorporated on 29 Mar 1985.

  • What is authorized share capital and paid-up capital of Polyspin Exports Limited?

    The authorized share capital of Polyspin Exports Limited is ₹ 5.00 Cr and paid-up capital is ₹ 5.00 Cr.

  • Who are the current board members & directors of Polyspin Exports Limited?

    Currently 10 directors are associated with Polyspin Exports Limited.

    • Rammohanraja Ramji
    • Durga Ramji
    • Sinthalapadi Venugopal Raja Ravi
    • Sengalipuram Ramamurthy Subramanian
    • Rajesh Devarajan
    • Sinthalapadi Ramakrishna Raja Venkatanarayana Raja
    • Ramamirtham Sundharam
    • Vengisanam Seshagiri Raju Jagdish
    • Ayyanar Emarajan
    • Sankar Raja Seenivasa Varathan

  • What is the registered address of Polyspin Exports Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Polyspin Exports Limited is No.351, P.A.C.R.Salairajapalayam-626 117 India, Tamil Nadu, 626117.

  • What is the corporate identification number (CIN) and company number of Polyspin Exports Limited?

    The corporate identification number (CIN) of Polyspin Exports Limited is L51909TN1985PLC011683 and the company number is 011683 as per Ministry of Corporate Affairs (MCA).

  • Is Polyspin Exports Limited registered with any stock exchange in India?

    Yes, Polyspin Exports Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Polyspin Exports Limited?

    The Official website of Polyspin Exports Limited is https://www.polyspin.in

  • What has been the recent revenue trend for Polyspin Exports Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Polyspin Exports Limited has fallen by -13.09%.

  • How many employees does Polyspin Exports Limited currently have?

    As Per 2023 financial reports, 1760 employees are currently employed by Polyspin Exports Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Polyspin Exports Limited has experienced an downturn of -1.94%.

  • What are the total open charges for Polyspin Exports Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Polyspin Exports Limited amount to ₹ 119.76 Cr.

  • When was the last Balance Sheet of Polyspin Exports Limited filed with the ROC?

    The most recent Balance Sheet for Polyspin Exports Limited was filed with the ROC on 31 Mar 2024.

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