Polyspin Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 1.55 Cr
- Company Age 53 Year, 18 Days
- 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 . 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
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 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
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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 LimitedDurga Ramji and Rammohanraja Ramji are mutual person
Ramji Investments Private LimitedRammohanraja Vijayalakshmi, Durga Ramji and 1 more are mutual person
- Energyspin Private Limited
Durga Ramji and Rammohanraja Ramji are mutual person
Charges (Loans)
₹15.09 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jan 2021 | City Union Bank Limited | ₹3.00 Cr | Open |
| 22 Nov 2018 | The South Indian Bank Limited | ₹5.22 Cr | Open |
| 25 Jul 1997 | City Union Bank Limited | ₹6.87 Cr | Open |
| 09 May 2018 | City Union Bank Limited | ₹2.00 Cr | Satisfied |
| 08 May 2018 | City Union Bank Limited | ₹1.25 Cr | Satisfied |
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.
