About Essen Polymers Private Limited
Data last updated:
Essen Polymers Private Limited was a private limited company based in Rajkot, 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 plastic and resins segment of the manufacturing sector. It was incorporated on 29 December 1988.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1988PTC011700. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹80 Lakh and a paid-up capital of ₹58.5 Lakh. It was led by directors including Girishbhai Chunilal Pandya (Managing Director) and Vishal Jawaharbhai Pandya.
Its last annual general meeting (AGM) was held on 20 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Rajkot, Gujarat.
As per the financials filed for FY 2019, the company reported a revenue of ₹13.78 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹78.46 Lakh (net margin 5.7%) and EBITDA of ₹1.71 Cr (EBITDA margin 12.4%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
The company had about 29 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹3.95 Cr on record.
The last known website on record is essenpoly.com.
Company details
Contact details
Essen Polymers Private Limited's registered office is in Rajkot, Gujarat. Its website is essenpoly.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No.11 Survey No.209 Industrial Area Vill : Veraval (Shapar) Tal : Kotdasang, Ani, Rajkot, Gujarat, India – 360024
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Essen Polymers 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
Business activity
The main business activity of Essen Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Essen Polymers Private Limited, buy the company report.
Financials of Essen Polymers Private Limited
FY 2019 filings availableEssen Polymers Private Limited reported revenue of ₹13.78 Cr (down 9% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over three years, including a 9% fall in the latest year. EBITDA fell 21% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹78.46 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.4% | ||||
| Net Profit Margin | 5.7% | ||||
| 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 Essen Polymers Private Limited, buy the company report.
Board of directors of Essen Polymers Private Limited
Essen Polymers 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 |
|---|---|---|---|---|
| Vishal Jawaharbhai Pandya Also directs: Essen Multipack Limited | Director | 01 Apr 2009 | 17 Years 6 Months | As last reported |
| Girishbhai Chunilal Pandya Also directs: Essen Multipack Limited | Managing Director | 29 Dec 1988 | 37 Years 9 Months | As last reported |
| Atulbhai Chunilal Pandya Also directs: Essen Multipack Limited | Director | 01 Jul 2013 | 13 Years 3 Months | As last reported |
| Jawahar Chunilal Pandya Also directs: Essen Multipack Limited | Director | 29 Dec 1988 | 37 Years 9 Months | As last reported |
Auditor
Essen Polymers Private Limited is audited by M. N. Manvar & Co. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. N. Manvar & Co. | FY 2016 |
Shareholding
The shareholding of Essen Polymers Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Essen Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2008 | 10133918 | Axis Bank Limited | ₹1.08 Cr | Satisfied | |
| 15 Dec 2003 | 80050530 | Punjab National Bank | ₹1 Cr | Satisfied | |
| 15 Dec 2003 | 90096139 | Punjab National Bank | ₹1.1 Cr | Satisfied | |
| 15 Dec 2003 | 80050529 | Punjab National Bank | ₹65 Lakh | Satisfied | |
| 02 Dec 1989 | 90095797 | State Bank of Saurashtra | ₹2.4 Lakh | Satisfied |
To see the full charge records of Essen Polymers Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
No court or tribunal cases involving Essen Polymers Private 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 Essen Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Essen Polymers Private Limited has a workforce of 29 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Essen Polymers 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 Essen Polymers Private Limited, buy the company report.
Recent activity
Essen Polymers Private Limited has 8 board changes on record since 1988: 4 appointments and 4 cessations. The latest: Atulbhai Chunilal Pandya was appointed as Director on 01 Jul 2013.
13 earlier events are in the company report.
Frequently asked questions
Essen Polymers 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.
Essen Polymers was a private limited company based in Rajkot, Gujarat, India. The company worked in plastic and resins, within the manufacturing industry. It was incorporated on 29 December 1988 and is registered under CIN U17119GJ1988PTC011700. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Essen Polymers was incorporated on 29 December 1988. It is registered with the Registrar of Companies, Ahmedabad.
Essen Polymers had 4 directors:
- Girishbhai Chunilal Pandya - Managing Director
- Vishal Jawaharbhai Pandya - Director
- Atulbhai Chunilal Pandya - Director
- Jawahar Chunilal Pandya - Director
The CIN (Corporate Identification Number) of Essen Polymers is U17119GJ1988PTC011700. 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 Essen Polymers is at Plot No.11 Survey No.209 Industrial Area Vill : Veraval Shapar Tal : Kotdasang, Ani, Rajkot, Gujarat, India – 360024.
Essen Polymers can be reached through the website essenpoly.com. Its registered office is in Rajkot, Gujarat, India.
The latest financial statements of Essen Polymers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 20 August 2019. Year-wise statements from 2015 are in the company report.
No. Essen Polymers has 1 GST registration on record and it is cancelled or inactive.
Essen Polymers operated in the manufacturing industry, in the plastic and resins segment.