Balaji Polytex Industry Private Limited
About Balaji Polytex Industry Private Limited
Data last updated:
Balaji Polytex Industry Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 08 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U25209WB2011PTC166158. Its GSTIN is 02AAECB6388B1Z0 (Himachal Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹88.2 Lakh. It is led by directors including Gaja Shankar Sharma and Amar Jaiswal.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 40/4 Strand Road 2nd Floor, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.2 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹1.19 Cr and EBITDA of -₹10.43 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 83% over five years.
As per MCA filings, the company has satisfied charges of ₹15.85 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Balaji Polytex Industry Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address40/4 Strand Road 2nd Floor, Kolkata, West Bengal, India – 700001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Balaji Polytex Industry Private 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
Financials of Balaji Polytex Industry Private Limited
FY 2019 filings availableBalaji Polytex Industry Private Limited reported revenue of ₹1.2 Lakh (down 9% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 83% over five years, including a 9% 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 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 | ₹1.2 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹10.43 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.19 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Balaji Polytex Industry Private Limited, buy the company report.
Board of directors of Balaji Polytex Industry Private Limited
Balaji Polytex Industry has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amar Jaiswal Also directs: Pansari Iron & Steel Private Limited, Suraksha Projects Limited, Swami Vanijya Pvt.Ltd. and 5 more | Additional Director | 30 Mar 2021 | 5 Years 6 Months | Current |
| Shyam Kumar Shaw Also directs: Pansari Iron & Steel Private Limited, Blue Mount Appliances Private Limited, Suraksha Projects Limited and 5 more | Additional Director | 30 Mar 2021 | 5 Years 6 Months | Current |
| Gaja Shankar Sharma | Director | 18 May 2015 | 11 Years 5 Months | Current |
Peer comparison
Balaji Polytex Industry Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Naitik Fashions Private Limited | ₹1.33 Lakh (FY 2025) | -99.0% | Surat, Gujarat, India | |||
| Ajash Cotton Spinning Mills Private Limited | ₹1.32 Lakh (FY 2024) | -79.0% | Tamil Nadu, India | |||
| Mahasree Manufacturers & Industries Private Limited | ₹1.32 Lakh (FY 2024) | 313.0% | Hyderabad, Telangana, India | |||
| Palsana Eco Textile Members Association | ₹1.32 Lakh (FY 2025) | -91.0% | Surat, Gujarat, India | |||
| Shree Ganesh Integrated Textile Park Private Limited | ₹1.32 Lakh (FY 2025) | 205.0% | Mumbai, Maharashtra, India | |||
| Aarti Suitings Pvt. Ltd | ₹1.31 Lakh (FY 2025) | -99.0% | Bhilwara, Rajasthan, India | |||
| Woodspin Textiles India Private Limited | ₹1.31 Lakh (FY 2019) | Noida, Uttar Pradesh, India | ||||
| Fourstar Textiles Private Limited | ₹1.31 Lakh (FY 2018) | -97.0% | Ichalkaranji, Maharashtra, India | |||
| Radha Ballabh Trade Commodities Private Limited | ₹1.3 Lakh (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Priyadarshini Yarns Private Limited | ₹1.3 Lakh (FY 2025) | 3620.0% | Mumbai, Maharashtra, India | |||
| Balaji Polytex Industry Private Limitedthis company | ₹1.2 Lakh (FY 2020) | -₹1.19 Cr | -9.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Balaji Polytex Industry Private Limited, buy the company report.
Auditor
Balaji Polytex Industry Private Limited is audited by S A R P & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S A R P & ASSOCIATES | FY 2019 | 007375C |
Shareholding
The shareholding of Balaji Polytex Industry Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Balaji Polytex Industry Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 May 2016 | 100027933 | Others | ₹30 Lakh | Satisfied | |
| 16 Aug 2013 | 10444565 | Intec Capital Limited | ₹24.63 Lakh | Satisfied | |
| 18 Jan 2012 | 10335831 | State Bank of India | ₹15.3 Cr | Satisfied |
To see the full charge records of Balaji Polytex Industry Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Balaji Polytex Industry Private Limited has 7 court cases on record: 4 filed by Balaji Polytex Industry, 3 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 1 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Civil suit | Filed against the company by SCJ Plastics Ltd | Disposed |
| District court, Calcutta, West Bengal | Court case (CN) | Filed by the company against an individual | Pending |
| District court, Bhiwani, Haryana | Execution petition | Filed against the company by an individual | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against Union of India & Ors | Disposed |
| District court, North West, Delhi | Criminal case | Filed by the company against Ms Jagdamba Enterprises | Disposed |
To see the full case history of Balaji Polytex Industry Private 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.
Credit ratings & regulatory alerts
Balaji Polytex Industry Private Limited was last rated by Crisil on 27 Dec 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Dec 2016 |
To see the full credit ratings and regulatory alerts of Balaji Polytex Industry Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Balaji Polytex Industry Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balaji Polytex Industry has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAECB6388B1Z0 | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Balaji Polytex Industry Private Limited, buy the company report.
Recent activity
Balaji Polytex Industry Private Limited has 6 board changes on record since 2015: 3 appointments and 3 cessations. The latest: Vinay Agarwal ceased to be Additional Director on 31 Mar 2021.
4 earlier events are in the company report.
Frequently asked questions
Balaji Polytex Industry is an active private limited company based in Kolkata, West Bengal, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 08 August 2011 (15+ years old) and is registered under CIN U25209WB2011PTC166158.
Balaji Polytex Industry has 3 current directors:
- Amar Jaiswal - Additional Director
- Shyam Kumar Shaw - Additional Director
- Gaja Shankar Sharma - Director
The latest financial statements of Balaji Polytex Industry on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Balaji Polytex Industry is 02AAECB6388B1Z0, registered in Himachal Pradesh. 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 Balaji Polytex Industry is U25209WB2011PTC166158. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Polytex Industry has 7 court cases on record: 4 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Balaji Polytex Industry was incorporated on 08 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Balaji Polytex Industry by revenue are Naitik Fashions Private Limited, Ajash Cotton Spinning Mills Private Limited, Mahasree Manufacturers & Industries Private Limited, Palsana Eco Textile Members Association, Shree Ganesh Integrated Textile Park Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Vinay Agarwal ceased to be Additional Director on 31 Mar 2021. Amar Jaiswal was appointed as Additional Director on 30 Mar 2021. Shyam Kumar Shaw was appointed as Additional Director on 30 Mar 2021. Balaji Polytex Industry has 6 board changes on record in total.
The registered office of Balaji Polytex Industry is at 404 Strand Road 2nd Floor, Kolkata, West Bengal, India – 700001.
Balaji Polytex Industry operates in the manufacturing industry, in the textile and fabric production segment.