Polyspin Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
as on 16-11-2024
- Paid Up Capital ₹ 1.55 Cr
as on 16-11-2024
- Company Age 52 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 15.09 Cr
as on 16-11-2024
- Satisfied Charges ₹ 20.74 Cr
as on 16-11-2024
- Revenue -15.98%
(FY 2023)
- Profit -111.78%
(FY 2023)
- Ebitda -104.87%
(FY 2023)
- Net Worth -9.51%
(FY 2023)
- Total Assets -22.23%
(FY 2023)
About Polyspin
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.
- 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
Company Details
- Location
Virudhunagar, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Polyspin?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rammohanraja Vijayalakshmi  | Director | 30-Jan-1979 | Current |
| Durga Ramji | Whole-Time Director | 05-Dec-1997 | Current |
| Rammohanraja Ramji | Director | 18-Jul-2001 | Current |
Financial Performance and Corporate Structure Insights 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
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.
Related Corporates (Common Directorship)
Polyspin Exports LimitedActive 39 years 8 monthsDurga Ramji and Rammohanraja Ramji are mutual person
Ramji Investments Private LimitedActive 38 years 8 monthsRammohanraja Vijayalakshmi, Durga Ramji and 1 more are mutual person
- Energyspin Private LimitedActive 29 years 10 months
Durga Ramji and Rammohanraja Ramji are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
City Union Bank Limited Creation Date: 22 Jan 2021 | ₹3.00 Cr | Open |
The South Indian Bank Limited Creation Date: 22 Nov 2018 | ₹5.22 Cr | Open |
City Union Bank Limited Creation Date: 25 Jul 1997 | ₹6.87 Cr | Open |
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.
Deals i
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
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.
