Polyspin Private Limited

Manufacturer of various types of paper bags since 1972, based in Tamil Nadu.

1972 | Virudhunagar, Tamil Nadu (India) | Active
Last Updated:

Polyspin Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.55 Cr
  • Company Age 53 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 15.09 Cr
  • Satisfied Charges ₹ 20.74 Cr
  • Revenue Growth -15.98%
  • Profit Growth -111.78%
  • Ebitda -104.87%
  • Net Worth -9.51%
  • Total Assets -22.23%

About Polyspin

Polyspin Private Limited (PPL) was founded in India on 13 January 1972 and has a glorious history of 53 years and four months. Its registered office is in Virudhunagar, Tamil Nadu, India.

The Corporate was formerly known as Polyspin 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 2.00 Cr and a paid-up capital of Rs 1.55 Cr.

The company currently has active open charges totaling ₹15.09 Cr. The company has closed loans amounting to ₹20.74 Cr, as per Ministry of Corporate Affairs (MCA) records.

Rammohanraja Vijayalakshmi, Durga Ramji, and Rammohanraja Ramji 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

    U25209TN1972PTC006102

  • Company No.

    006102

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    13 Jan 1972

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Packaging
Company report

Polyspin Private Limited

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

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

Board Members (3)

NameDesignationAppointment DateStatus
Rammohanraja Vijayalakshmi Country flag representing In Director 30-Jan-1979Current
Durga Ramji Country flag representing In Whole-Time Director 05-Dec-1997Current
Rammohanraja Ramji Country flag representing In Director 18-Jul-2001Current

Financial Performance of Polyspin.

Polyspin Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 15.98% decrease. The company also saw a substantial fall in profitability, with a 111.78% decrease in profit. The company's net worth dipped by a decrease of 9.51%.

Polyspin revenue growth over time
Polyspin 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
-15.98%
Revenue from Operations
-26.00%
Total Assets
-22.23%
Profit or Loss
-111.78%
Net Worth
-9.51%
EBITDA
-104.87%

What is the Ownership and Shareholding Structure of Polyspin?

In 2023, Polyspin had a promoter holding of 100.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹15.09 Cr

Satisfied Charges

₹20.74 Cr

Charges Breakdown by Lending Institutions

  • City Union Bank Limited : 9.87 Cr
  • The South Indian Bank Limited : 5.22 Cr

Latest Charge Details

DateLenderAmountStatus
22 Jan 2021City Union Bank Limited₹3.00 CrOpen
22 Nov 2018The South Indian Bank Limited₹5.22 CrOpen
25 Jul 1997City Union Bank Limited₹6.87 CrOpen
09 May 2018City Union Bank Limited₹2.00 CrSatisfied
08 May 2018City Union Bank Limited₹1.25 CrSatisfied

How Many Employees Work at Polyspin?

Polyspin has a workforce of 371 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 Private Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

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

  • Balance Sheet

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

  • Charges

    A charge with City Union Bank Limited of Rs. 6.87 Cr registered on 25 Jul 1997 with Charge ID 90287472 was modified on 06 Mar 2024.

  • Charges

    A charge with The South Indian Bank Limited of Rs. 5.22 Cr registered on 22 Nov 2018 with Charge ID 100223565 was modified on 03 Feb 2022.

  • Charges

    A charge with City Union Bank Limited amounted to Rs. 3.00 Cr with Charge ID 100415333 was registered on 22 Jan 2021.

  • Charges

    A charge registered on 09 Mar 2017 via Charge ID 100095830 with Others was fully satisfied on 21 Nov 2020.

Frequently asked questions

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

    Polyspin Private Limited was incorporated on 13 Jan 1972.

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

    The authorized share capital of Polyspin Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.55 Cr.

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

    Currently 3 directors are associated with Polyspin Private Limited.

    • Rammohanraja Vijayalakshmi
    • Durga Ramji
    • Rammohanraja Ramji

  • What is the registered address of Polyspin Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Polyspin Private Limited is 414/1, Rai Lwayfeeder Rdcholapuram South India, Rajapalayam-626 139., Tamil Nadu, 626139.

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

    The corporate identification number (CIN) of Polyspin Private Limited is U25209TN1972PTC006102 and the company number is 006102 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Polyspin Private Limited?

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

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Polyspin Private Limited has fallen by -15.98%.

  • How many employees does Polyspin Private Limited currently have?

    As Per 2023 financial reports, 371 employees are currently employed by Polyspin Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Polyspin Private Limited has experienced an downturn of -9.51%.

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

    As per the financial statements for fiscal Year 2023, The total open charges for Polyspin Private Limited amount to ₹ 15.09 Cr.

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

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

Unlock Business Insights – Explore Instantly!

Search company & director profiles for free and gain access to critical business data.

  • 3.1M+ Companies
  • 15M+ Legal Cases
  • 525K+ Credit Ratings
  • 5.8M+ Directors & KMP
  • 750K+ Regulatory Alerts
  • 1.1M+ Companies' Financial Records
Start Free Trial

People also Viewed

Similar Companies Based on Paper