About Polcon Equipments Limited
Data last updated:
Polcon Equipments Limited was a public limited company based in Vadodara, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 01 August 1989.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32109GJ1989PLC012566. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.04 Lakh. It was led by directors including Atul Jamanadas Shah and Samir Kewalkrishna Tuli.
Its last annual general meeting (AGM) was held on 16 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 521 GIDC Makarpura, Vadodara, Gujarat, India – 390010.
As per the financials filed for FY 2020, the company reported a revenue of ₹5.12 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹21.31 Lakh (net margin 4.2%) and EBITDA of ₹44.67 Lakh (EBITDA margin 8.7%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 6% over five years.
The company had about 14 employees on its provident fund (EPFO) records before it was dissolved.
The last known website on record is polconequipments.com.
Company details
CIN history
Polcon Equipments has one previous CIN (Corporate Identification Number): U32109GJ1989PTC012566. The current CIN is U32109GJ1989PLC012566, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32109GJ1989PLC012566 | Current |
| U32109GJ1989PTC012566 | Previous |
Contact details
Polcon Equipments Limited's registered office is in Vadodara, Gujarat. Its website is polconequipments.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address521 GIDC Makarpura, Vadodara, Gujarat, India – 390010
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of Polcon Equipments Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Polcon Equipments is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Polcon Equipments Limited, buy the company report.
Financials of Polcon Equipments Limited
FY 2020 filings availablePolcon Equipments Limited reported revenue of ₹5.12 Cr (up 6% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 6% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA fell 8% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.12 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹44.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹21.31 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.7% | ||||
| Net Profit Margin | 4.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Polcon Equipments Limited, buy the company report.
Board of directors of Polcon Equipments Limited
Polcon Equipments has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Jamanadas Shah Also directs: Spectra Dynamics Limited | Director | 01 Aug 1989 | 37 Years 3 Months | As last reported |
| Samir Kewalkrishna Tuli Also directs: Tuli Inftatech LLP, Paramount Grindly Petrochemicals Private Limited, Spectra Dynamics Limited and 2 more | Director | 06 Aug 2011 | 15 Years 3 Months | As last reported |
| Kewalkrishna Tuli Gurucharandas Also directs: Tuli Inftatech LLP, Paramount Grindly Petrochemicals Private Limited, Spectra Dynamics Limited and 1 more | Director | 10 Apr 2015 | 11 Years 7 Months | As last reported |
| Dilip Ranjitbhai Shukla | Director | 27 Jan 2017 | 9 Years 9 Months | As last reported |
Auditor
Polcon Equipments Limited is audited by V PAREKH & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V PAREKH & ASSOCIATES | FY 2019 | 107488W |
Shareholding
The shareholding of Polcon Equipments Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Polcon Equipments Limited, buy the company report.
Legal cases
No court or tribunal cases involving Polcon Equipments Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Polcon Equipments Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Polcon Equipments Limited has a workforce of 14 employees on its EPFO records as of Mar 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 14 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Polcon Equipments Limited, buy the company report.
GST
Polcon Equipments has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Polcon Equipments Limited, buy the company report.
Recent activity
Polcon Equipments Limited has 8 board changes on record since 1989: 4 appointments and 4 cessations. The latest: Dilip Ranjitbhai Shukla was appointed as Director on 27 Jan 2017.
Frequently asked questions
Polcon Equipments has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Polcon Equipments was a public limited company based in Vadodara, Gujarat, India. The company worked in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 01 August 1989 and is registered under CIN U32109GJ1989PLC012566. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Polcon Equipments was incorporated on 01 August 1989. It is registered with the Registrar of Companies, Ahmedabad.
Polcon Equipments had 4 directors:
- Atul Jamanadas Shah - Director
- Samir Kewalkrishna Tuli - Director
- Kewalkrishna Tuli Gurucharandas - Director
- Dilip Ranjitbhai Shukla - Director
The CIN (Corporate Identification Number) of Polcon Equipments is U32109GJ1989PLC012566. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Polcon Equipments is at 521 GIDC Makarpura, Vadodara, Gujarat, India – 390010.
Polcon Equipments can be reached through the website polconequipments.com. Its registered office is in Vadodara, Gujarat, India.
The latest financial statements of Polcon Equipments on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 16 September 2020. Year-wise statements from 2015 are in the company report.
No. Polcon Equipments has 1 GST registration on record and it is cancelled or inactive.
Polcon Equipments operated in the machinery and equipment industry, in the process machinery and industrial equipment segment.
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