MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0002169
Encore Natural Polymers Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹34.56 Cr
▲ 428% YoY
Net profit · FY 2023
₹1.66 Cr
Net margin 4.8%
EBITDA · FY 2023
₹136.97 Cr
EBITDA margin 396.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.57 Cr
Issued & subscribed
Open charges
₹11.71 Cr
Satisfied ₹73.5 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
39
Provident fund records
About Encore Natural Polymers Private Limited
Data last updated:
Encore Natural Polymers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 23 October 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH1991PTC063720. Its GSTIN is 27AAACE9121B1Z4 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.57 Cr. It was formerly known as Encore Pharmaceuticals Pvt Ltd. It is led by directors including Nandini Sudhir Merchant (Managing Director) and Sudhir Ajitkumar Merchant.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 405 – 408 Navbharat Estatezakaria Bunder Road Sewree W, Mumbai, Maharashtra, India – 400015.
As per the financials filed for FY 2023, the company reported a revenue of ₹34.56 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.66 Cr (net margin 4.8%) and EBITDA of ₹136.97 Cr (EBITDA margin 396.3%). Revenue has grown at a compounded annual rate (CAGR) of 66% over three years and 53% over five years.
The company has about 39 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Encore Natural Polymers. As per MCA filings, the company has open charges of ₹11.71 Cr and satisfied charges of ₹73.5 Cr on record. Court records list 13 cases involving the company, including 8 filed by the company and 5 filed against it; 2 cases are pending.
Encore Natural Polymers Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0002169). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website encorenaturalpolymers.com.
Company details
CIN U24230MH1991PTC063720
Registration Number 063720
Incorporation Date 23 October 1991
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0002169
Key People
Nandini Sudhir Merchant Managing Director Sudhir Ajitkumar Merchant Director Rupa Sudhir Merchant Director Recognitions & Rankings of Encore Natural Polymers
Contact details
Encore Natural Polymers Private Limited's registered office is in Mumbai, Maharashtra. Its website is encorenaturalpolymers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address405 – 408 Navbharat Estatezakaria Bunder Road Sewree W, Mumbai, Maharashtra, India – 400015
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Encore Natural Polymers Private Limited, buy the company report.
Comprehensive company report
Encore Natural Polymers Private Limited - one report that includes everything
- 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
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Brands
Encore Natural Polymers operates one associated brand: Encore Natural Polymers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of natural polymers | encorenaturalpolymers.com |
Business activity
The main business activity of Encore Natural Polymers is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Encore Natural Polymers Private Limited, buy the company report.
Financials of Encore Natural Polymers Private Limited
FY 2023 filings availableEncore Natural Polymers Private Limited reported revenue of ₹34.56 Cr (up 428% YoY) for FY 2023.
Revenue · FY 2023
₹34.56 Cr ▲ 428%
Net profit · FY 2023
₹1.66 Cr margin 4.8%
EBITDA · FY 2023
₹136.97 Cr margin 396.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 428%
3 years · compounded
▲ 66%
5 years · compounded
▲ 53%
EBITDA CAGR growth
3 years · compounded
▲ 216%
5 years · compounded
▲ 86%
Revenue has grown at a compounded annual rate (CAGR) of 53% over five years, including 428% growth 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹34.56 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹136.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.66 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 396.3% | ||||
| Net Profit Margin | 4.8% | ||||
| 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 Encore Natural Polymers Private Limited, buy the company report.
Board of directors of Encore Natural Polymers Private Limited
Encore Natural Polymers has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhir Ajitkumar Merchant | Director | 27 Nov 1998 | 27 Years 11 Months | Current |
| Nandini Sudhir Merchant Also directs: Gum Manufactureres' Association of India, Halcyon Labs Private Limited, Naam Poly Trade Labs LLP and 5 more | Managing Director | 18 Jul 2016 | 10 Years 3 Months | Current |
| Rupa Sudhir Merchant Also directs: Halcyon Labs Private Limited | Director | 01 Aug 2013 | 13 Years 2 Months | Current |
| Aditya Sudhir Merchant Also directs: Halcyon Labs Private Limited, Naam Poly Trade Labs LLP, Ramesh Rajann Constructions Private Limited and 4 more | Director | 18 Jul 2016 | 10 Years 3 Months | Current |
Auditor
Encore Natural Polymers Private Limited is audited by A.P. ASHER & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.P. ASHER & CO | FY 2023 | 100615W |
Shareholding
The shareholding of Encore Natural Polymers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Encore Natural Polymers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.71 Cr
Satisfied charges
₹73.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Mar 2024 | 100884902 | Others | ₹2 Cr | Open | |
| 17 Nov 2000 | 90154294 | Bank of Baroda | ₹9.71 Cr | Open | |
| 09 Aug 2011 | 10300267 | Citibank N.A | ₹60 Cr | Satisfied | |
| 06 Feb 2001 | 90154638 | Bank of Baroda | ₹13.5 Cr | Satisfied |
To see the full charge records of Encore Natural Polymers Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Encore Natural Polymers Private Limited has 13 court cases on record: 8 filed by Encore Natural Polymers, 5 filed against it. 2 cases are pending and 11 are disposed.
Total cases
13
Filed by the company
8
Filed against the company
5
Pending
2
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 4 | 1 |
| District courts | 2 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (NMCD) | Filed by the company against Anand Rathi Commodities Ltd. | Pending |
| Supreme Court | Court case (1001-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters relating to winding up) | Filed against the company by Anand Rathi Commodities Ltd 4Th Floor, Silver Metropolis, Jai Coach Compound, Opp. Bimbisar Nagar , District: Goregaon East ,Mumbai , Maharashtra | Disposed |
| Bombay High Court | Court case (APP) | Filed against the company by Anand Rathi Commodities Limited | Disposed |
| Bombay High Court | Court case (NMA) | Filed against the company by Anand Rathi Commodities Limited | Disposed |
| Bombay High Court | Court case (SJ) | Filed by the company against Anand Rathi Commodities Ltd. | Disposed |
To see the full case history of Encore Natural Polymers 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.
MSME payment delays
Encore Natural Polymers Private Limited has 3 MSME Form 1 returns on record between 2018 and 2020, listing 34 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Petra Global Logistics Private Limited | |||
| Featherlite Collections | |||
| Rajlakshmi Fibre Private Limited |
To see the full MSME payment records of Encore Natural Polymers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Encore Natural Polymers has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Encore Natural Polymers Private Limited has a workforce of 39 employees on its EPFO records as of Apr 01, 2024, across 2 active EPFO establishments.
Employee count
39
Active EPFO establishments
2
Employee growth
5.41%
GST
Encore Natural Polymers has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE9121B1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 24AAACE9121B1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Encore Natural Polymers Private Limited, buy the company report.
Recent activity
Encore Natural Polymers Private Limited has 11 board changes on record since 1998: 4 appointments and 7 cessations. The latest: Sudhir Ajitkumar Merchant ceased to be Managing Director on 03 Oct 2022.
Charges
A charge registered on 09 Aug 2011 via Charge ID 10300267 with Citibank N.A was fully satisfied on 08 Apr 2024.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100884902 was registered on 12 Mar 2024.
AGM
Encore Natural Polymers Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Encore Natural Polymers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai I.
Ceased
Sudhir Ajitkumar Merchant ceased to be Managing Director.
Ceased
Nandini Sudhir Merchant ceased to be Director.
Ceased
Aditya Sudhir Merchant ceased to be Additional Director.
Appointed
Aditya Sudhir Merchant was appointed as Director.
Appointed
Nandini Sudhir Merchant was appointed as Managing Director.
Ceased
Viren Ajitkumar Merchant ceased to be Director.
Ceased
Bharat Ratilal Joshi ceased to be Whole-Time Director.
Ceased
Rupa Sudhir Merchant ceased to be Additional Director.
10 earlier events are in the company report.
Frequently asked questions
Encore Natural Polymers is an active private limited company based in Mumbai, Maharashtra, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 23 October 1991 (35+ years old) and is registered under CIN U24230MH1991PTC063720.
Encore Natural Polymers has 4 current directors:
- Nandini Sudhir Merchant - Managing Director
- Sudhir Ajitkumar Merchant - Director
- Rupa Sudhir Merchant - Director
- Aditya Sudhir Merchant - Director
The latest financial statements of Encore Natural Polymers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Encore Natural Polymers is 27AAACE9121B1Z4, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACE9121B1ZA (Gujarat).
The CIN (Corporate Identification Number) of Encore Natural Polymers is U24230MH1991PTC063720. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Encore Natural Polymers has 13 court cases on record: 8 filed by the company and 5 filed against it. 2 are pending. Most are in the high courts.
Encore Natural Polymers was incorporated on 23 October 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Sudhir Ajitkumar Merchant ceased to be Managing Director on 03 Oct 2022. Nandini Sudhir Merchant ceased to be Director on 01 Nov 2019. Aditya Sudhir Merchant ceased to be Additional Director on 26 Sep 2016. Encore Natural Polymers has 11 board changes on record in total.
Yes, Encore Natural Polymers is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0002169).
Encore Natural Polymers has 3 MSME Form 1 returns on record between 2018 and 2020, listing 34 overdue payments to 7 micro and small suppliers. The latest return was filed on 31 Oct 2020.
Encore Natural Polymers can be reached through the website encorenaturalpolymers.com. Its registered office is in Mumbai, Maharashtra, India.
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