Cipy Poly Urethanes Private Limited

Cipy Poly Urethanes Private Limited - manufacturing in Pune, Maharashtra, India. Directors, charges & compliance details.
CIN U24219PN1994PTC083328 Incorporated 29 November 1994 ROC Pune HQ Pune, Maharashtra, India
Merged Private Limited Company manufacturing
Data last updated
Revenue · FY 2021
₹90.11 Cr
▼ 27% YoY
Net profit · FY 2021
₹30.42 Lakh
Net margin 0.3%
EBITDA · FY 2021
₹2.07 Cr
EBITDA margin 2.3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹94.17 Lakh
Issued & subscribed
Satisfied charges
₹82.99 Cr
No open charges
Company age
32 yrs
Est. 1994
Employees · EPFO
171
Provident fund records

About Cipy Poly Urethanes Private Limited

Data last updated:

Cipy Poly Urethanes Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Pidilite Industries Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the paint and coatings segment of the manufacturing sector. It was incorporated on 29 November 1994.

The company was registered with the Registrar of Companies (ROC), Pune, under CIN U24219PN1994PTC083328. Its GSTIN is 24AAACC7264R1Z7 (Gujarat). The company held 9 GST registrations, of which 4 are active.

The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹94.17 Lakh. It was led by directors including Himanshu Kapadia and Subhash Cheralayathpanku Cipy.

Its last annual general meeting (AGM) was held on 27 July 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at T – 127 MIDC Industrial Area Bhosari, Pune, Maharashtra, India – 411026.

As per the financials filed for FY 2021, the company reported a revenue of ₹90.11 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹30.42 Lakh (net margin 0.3%) and EBITDA of ₹2.07 Cr (EBITDA margin 2.3%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 3% over five years.

The company had about 171 employees on its provident fund (EPFO) records before it was dissolved.

The company was associated with 2 brands: Dr Cipy and Cipy Polyurethanes. As per MCA filings, the company had satisfied charges of ₹82.99 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 3 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹4.58 Cr; the latest was in April 2021. Its 10 peer companies in the Manufacturing industry (Paints) are compared by revenue, 5 larger and 5 smaller; the largest is Akross Synthetics Pvt Ltd with revenue of ₹96.06 Cr.

The last known website on record is cipypolyurethane.com.

Company Details of Cipy Poly Urethanes Private Limited
CIN U24219PN1994PTC083328
Registration Number 083328
Incorporation Date 29 November 1994
ROC Pune
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 27 July 2021
Date of Balance Sheet 31 March 2021
Parent Company Pidilite Industries Limited
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    T – 127 MIDC Industrial Area Bhosari, Pune, Maharashtra, India – 411026
  • Industry
    Manufacturing, Paint & Coatings
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Financials, compliance, directors, charges, ownership and filings for Cipy Poly Urethanes Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Cipy Poly Urethanes Private Limited

Cipy Poly Urethanes operates two associated brands: Dr Cipy and Cipy Polyurethanes. Each brand links to its own profile.

BrandDescriptionWebsite
Epoxy and polyurethane coatings manufacturing for industrial sectors.drcipy.com
Polyurethane and epoxy coatings are manufactured in Pune, India.cipypolyurethane.com

Business Activity of Cipy Poly Urethanes Private Limited

The main business activity of Cipy Poly Urethanes is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical productsLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Cipy Poly Urethanes Private Limited FY 2021 filings available

Cipy Poly Urethanes Private Limited reported revenue of ₹90.11 Cr (down 27% YoY) for FY 2021.

Revenue · FY 2021
₹90.11 Cr ▼ 27%
Net profit · FY 2021
₹30.42 Lakh margin 0.3%
EBITDA · FY 2021
₹2.07 Cr margin 2.3%

Compounded Annual Growth Rate (CAGR) of Cipy Poly Urethanes Private Limited

Revenue CAGR growth
1 year
▼ 27%
3 years · compounded
▼ 10%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 88%
3 years · compounded
▼ 53%
5 years · compounded
▼ 17%

Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 27% fall in the latest year. EBITDA fell 88% 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 of Cipy Poly Urethanes Private Limited

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹90.11 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹2.07 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹30.42 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 of Cipy Poly Urethanes Private Limited

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profitability
EBITDA Margin2.3%••••••••••••••••
Net Profit Margin0.3%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Cipy Poly Urethanes are in the company report.

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Board of Directors of Cipy Poly Urethanes Private Limited

Cipy Poly Urethanes has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Himanshu KapadiaDirector30 Jul 20206 Years 2 MonthsAs last reported
Subhash Cheralayathpanku CipyDirector29 Nov 199431 Years 10 MonthsAs last reported
Rajaram Moreshwar AjgaonkarDirector25 Jun 20197 Years 3 MonthsAs last reported
Anand Sawroop KhannaDirector25 Jun 20197 Years 3 MonthsAs last reported
Sanjay BahadurDirector09 Feb 20188 Years 8 MonthsAs last reported

Peer Comparison of Cipy Poly Urethanes Private Limited

Cipy Poly Urethanes Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Paints). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Akross Synthetics Pvt Ltd₹96.06 Cr (FY 2025)••••••••7.0%••••Kolkata, West Bengal, India
Home Pride Adhesive Private Limited₹95.62 Cr (FY 2025)••••••••28.0%••••Delhi, India
Imagico India Private Limited₹95.58 Cr (FY 2024)••••••••170.0%••••Mumbai, Maharashtra, India
Paramount Powders Private Limited₹91.62 Cr (FY 2025)••••••••5.0%••••New Delhi, Delhi, India
Apollo Paints Private Limited₹91.26 Cr (FY 2025)••••••••14.0%••••Bangalore, Karnataka, India
Cipy Poly Urethanes Private Limited this company₹90.11 Cr (FY 2021)••••••••-27.0%••••Pune, Maharashtra, India
Fortunecoat Industries Private Limited₹88.47 Cr (FY 2025)••••••••3.0%••••Kolhapur, Maharashtra, India
Nexon Paints Private Limited₹86.52 Cr (FY 2025)••••••••-13.0%••••Hyderabad, Telangana, India
Gunjan Paints Limited₹84.15 Cr (FY 2025)••••••••7.0%••••Gandhinagar, Gujarat, India
Ducol Organics and Colours Limited₹80.84 Cr (FY 2025)••••••••2.0%••••Mumbai, Maharashtra, India
Acro Paints Limited₹80.35 Cr (FY 2023)••••••••10.0%••••Kanpur, Uttar Pradesh, India

Peers are the five companies nearest above and the five nearest below Cipy Poly Urethanes by revenue in the Manufacturing industry (Paints), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Cipy Poly Urethanes Private Limited

Cipy Poly Urethanes Private Limited is audited by D R BARVE & ASSOCIATES for the financial year 2021.

NameStatusAppointment DateCessation Date
D R BARVE & ASSOCIATESLockedLockedLocked
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Ownership and Shareholding of Cipy Poly Urethanes Private Limited

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Charges & Borrowings of Cipy Poly Urethanes Private Limited

Open charges
None
Satisfied charges
₹82.99 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹39.00 Cr
Axis Bank Limited₹32.00 Cr
Dbs Bank Ltd₹6.00 Cr
Indian Bank₹5.89 Cr
I.C.I.C.I. Banking Corporation Ltd.₹0.10 Cr
Latest charge details
DateLenderAmountStatus
05 May 2018Hdfc Bank Limited₹39 CrSatisfied
15 Nov 2016Dbs Bank Ltd₹6 CrSatisfied
10 Mar 2007Axis Bank Limited₹32 CrSatisfied
28 Nov 2001Indian Bank₹5.22 CrSatisfied
17 Sep 1997Indian Bank₹7 LakhSatisfied

Total charge records: 7 View all charges

Deals & Funding of Cipy Poly Urethanes Private Limited

Cipy Poly Urethanes Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹4.58 Cr; the latest was in April 2021.

Total deals
6
Secondary share transfers
5
Funding round
1
Disclosed funding
₹4.58 Cr

Deals on record (5 of 6)

WhenDealAmountParties
Apr 2021Secondary share transferUndisclosedBuyer: Pidilite Industries Limited
Dec 2020Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Feb 2018Secondary share transferUndisclosedBuyer: Fevicol Company Limited
Seller: an individual
Feb 2018Secondary share transferUndisclosedBuyer: Pidilite Industries Limited
Seller: 2 individuals
Mar 2012Secondary share transferUndisclosedBuyer: 2 individuals
Seller: 2 individuals
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Cipy Poly Urethanes Private Limited

Cipy Poly Urethanes Private Limited has a workforce of 171 employees as of Apr 08, 2024.

Employee count
171
Active EPFO establishments
1
Employee growth
3.01%
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Recent Activity on Cipy Poly Urethanes Private Limited

Cipy Poly Urethanes Private Limited has 13 board changes on record since 1994: 5 appointments and 8 cessations. The latest: Subhash Cheralayathpanku Cipy ceased to be Managing Director on 29 Apr 2021.

Charges
A charge registered on 05 May 2018 via Charge ID 100217803 with Hdfc Bank Limited was fully satisfied on 04 Feb 2022.
AGM
Cipy Poly Urethanes Private Limited last Annual general meeting of members was held on 27 Jul 2021 as per latest MCA records.
Ceased
Subhash Cheralayathpanku Cipy ceased to be Managing Director.
Filing
Cipy Poly Urethanes Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Pune.
Ceased
Himanshu Kapadia ceased to be Additional Director.
Appointed
Himanshu Kapadia was appointed as Director.
Charges
A charge registered on 15 Nov 2016 via Charge ID 100066366 with Dbs Bank Ltd was fully satisfied on 25 Jun 2020.
Charges
A charge with Hdfc Bank Limited of Rs. 39.00 Cr registered on 05 May 2018 with Charge ID 100217803 was modified on 13 Sep 2019.
Ceased
Anand Sawroop Khanna ceased to be Additional Director.
Ceased
Nitin Chaudhry ceased to be Additional Director.
Ceased
Rajaram Moreshwar Ajgaonkar ceased to be Additional Director.
Appointed
Anand Sawroop Khanna was appointed as Director.

22 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Cipy Poly Urethanes Private Limited

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MSME Payment Delays by Cipy Poly Urethanes Private Limited

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Subsidiaries & Group Companies of Cipy Poly Urethanes Private Limited

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GST Compliance of Cipy Poly Urethanes Private Limited

Cipy Poly Urethanes has 9 GST registrations: 4 active and 5 cancelled or inactive.

Total GSTINs
9
Active
4
Cancelled / inactive
5
GSTINStateStatusRegistered on
24AAACC7264R1Z7GujaratActive01 Jul 2017
27AAACC7264R1Z1MaharashtraActive01 Jul 2017
29AAACC7264R1ZXKarnatakaActive01 Jul 2017
33AAACC7264R1Z8Tamil NaduActive17 Aug 2020
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MCA Filings & Documents of Cipy Poly Urethanes Private Limited

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Related news about Cipy Poly Urethanes Private Limited

Frequently Asked Questions about Cipy Poly Urethanes Private Limited

Cipy Poly Urethanes 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.

Cipy Poly Urethanes was a private limited company based in Pune, Maharashtra, India. The company worked in paint and coatings, within the manufacturing industry. It was incorporated on 29 November 1994 and is registered under CIN U24219PN1994PTC083328. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Cipy Poly Urethanes was incorporated on 29 November 1994. It is registered with the Registrar of Companies, Pune.

Cipy Poly Urethanes had 5 directors:

The CIN (Corporate Identification Number) of Cipy Poly Urethanes is U24219PN1994PTC083328. 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 Cipy Poly Urethanes is at T – 127 MIDC Industrial Area Bhosari, Pune, Maharashtra, India – 411026.

Cipy Poly Urethanes can be reached through the website cipypolyurethane.com. Its registered office is in Pune, Maharashtra, India.

Cipy Poly Urethanes reported revenue of ₹90.11 Cr for FY 2021 (down 27% YoY).

Cipy Poly Urethanes has an authorised share capital of ₹1 Cr and a paid-up capital of ₹94.17 Lakh.

Cipy Poly Urethanes reported a net profit of ₹30.42 Lakh (net margin 0.3%) and EBITDA of ₹2.07 Cr (EBITDA margin 2.3%) for FY 2021, as per its filed financial statements.

The GSTIN of Cipy Poly Urethanes is 24AAACC7264R1Z7, registered in Gujarat. The company has 9 GST registrations in all, of which 4 are active and 5 are cancelled or inactive. Other active GSTINs include 27AAACC7264R1Z1 (Maharashtra), 29AAACC7264R1ZX (Karnataka), 33AAACC7264R1Z8 (Tamil Nadu).

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