Raj Poly Products Limited
About Raj Poly Products Limited
Data last updated:
Raj Poly Products Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 20 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH1992PLC066863. Its GSTIN is 27AAACR3102R1Z9 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹2.1 Cr. It is led by directors including Hema Rajendra Salot and Rajendra Himatlal Salot.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹10.83 Cr, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹2.18 Cr (net margin -20.2%) and EBITDA of -₹2.78 Cr (EBITDA margin -25.7%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years and 28% over five years.
As per MCA filings, the company has open charges of ₹21.86 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Raj Poly Products has one previous CIN (Corporate Identification Number): U25209MH1992PTC066863. The current CIN is U25209MH1992PLC066863, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209MH1992PLC066863 | Current |
| U25209MH1992PTC066863 | Previous |
Contact details
Raj Poly Products Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressR. No. 3 Rose Theresa Building Ground Floor Subhash Road Vile Parle (, East), Mumbai, Maharashtra, India – 400057
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Raj Poly Products 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 Raj Poly Products is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Raj Poly Products Limited, buy the company report.
Financials of Raj Poly Products Limited
FY 2020 filings availableRaj Poly Products Limited reported revenue of ₹10.83 Cr (down 85% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 85% fall 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.83 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.18 Cr | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -25.7% | ||||
| Net Profit Margin | -20.2% | ||||
| 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 Raj Poly Products Limited, buy the company report.
Board of directors of Raj Poly Products Limited
Raj Poly Products has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hema Rajendra Salot Also directs: Subhlabh Builders LLP, Sattelite Polymer Limited, Stallion Ceramics Private Limited and 1 more | Director | 02 Jan 2011 | 15 Years 9 Months | Current |
| Rajendra Himatlal Salot Also directs: Subhlabh Builders LLP, Sattelite Polymer Limited, Stallion Ceramics Private Limited and 1 more | Director | 20 May 1992 | 34 Years 5 Months | Current |
| Batukalal Tribhuvandas Salot Also directs: Sattelite Polymer Limited | Director | 20 Aug 2003 | 23 Years 2 Months | Current |
Auditor
Raj Poly Products Limited is audited by ASHOK J SHAH & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK J SHAH & ASSOCIATES | FY 2019 | 100654W |
Shareholding
The shareholding of Raj Poly Products 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 Raj Poly Products Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2014 | 10514771 | Janata Sahakari Bank Ltd Pune | ₹36 Lakh | Open | |
| 19 Dec 2013 | 10549287 | Others | ₹14 Cr | Open | |
| 10 May 2013 | 10426378 | Dena Bank | ₹4.75 Cr | Open | |
| 23 Sep 1998 | 90163770 | Dena Bank | ₹75 Lakh | Open | |
| 20 May 1998 | 90163722 | Dena Bank | ₹1 Cr | Open |
To see the full charge records of Raj Poly Products Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Raj Poly Products Limited has 9 court cases on record: 3 filed by Raj Poly Products, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Reliance Capital Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Reliance Capital Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Ms. Aalap Construction Pvt.Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Janata Sahakari Bank Ltd, Pune | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Janaka Sahakari Bank Ltd Th.Mr. Ravi Dattatray Mondkar | Disposed |
To see the full case history of Raj Poly Products Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Raj Poly Products Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Raj Poly Products has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR3102R1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raj Poly Products Limited, buy the company report.
Recent activity
Raj Poly Products Limited has 5 board changes on record since 1992: 3 appointments and 2 cessations. The latest: Pankaj Himatlal Salot ceased to be Director on 01 Jun 2016.
4 earlier events are in the company report.
Frequently asked questions
Raj Poly Products is an active public limited company based in Mumbai, Maharashtra, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 20 May 1992 (34+ years old) and is registered under CIN U25209MH1992PLC066863.
Raj Poly Products has 3 current directors:
- Hema Rajendra Salot - Director
- Rajendra Himatlal Salot - Director
- Batukalal Tribhuvandas Salot - Director
The latest financial statements of Raj Poly Products on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Raj Poly Products is 27AAACR3102R1Z9, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Raj Poly Products is U25209MH1992PLC066863. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raj Poly Products has 9 court cases on record: 3 filed by the company and 6 filed against it. Most are in the district courts.
Raj Poly Products was incorporated on 20 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Pankaj Himatlal Salot ceased to be Director on 01 Jun 2016. Parth Rajendra Salot ceased to be Director on 01 Jun 2016. Hema Rajendra Salot was appointed as Director on 02 Jan 2011. Raj Poly Products has 5 board changes on record in total.
The registered office of Raj Poly Products is at R. No. 3 Rose Theresa Building Ground Floor Subhash Road Vile Parle , East, Mumbai, Maharashtra, India – 400057.
Raj Poly Products operates in the metals and minerals industry, in the materials retail and distribution segment.