Indian Polychemical Industries Private Limited
About Indian Polychemical Industries Private Limited
Data last updated:
Indian Polychemical Industries Private Limited is a private limited company based in Mandideep, Madhya Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the crop protection segment of the agriculture sector. It was incorporated on 17 June 2014.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U24100MP2014PTC032801. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.04 Lakh. It is led by directors including Ashok Khemchand Menghani and Arvind Shrivastava.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Plot No. 60 – C Sector – B Industrial Area, Mandideep, Madhya Pradesh, India – 462040.
As per the financials filed for FY 2016, the company reported a revenue of ₹17.62 Lakh. For the same year it recorded a net loss of ₹2.9 Lakh (net margin -16.5%) and EBITDA of ₹15.6 Lakh (EBITDA margin 88.5%).
As per MCA filings, the company has open charges of ₹1.93 Cr on record. Court records list 29 cases involving the company, including 2 filed by the company and 27 filed against it; 12 cases are pending.
Company details
Contact details
Indian Polychemical Industries Private Limited's registered office is in Mandideep, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 60 – C Sector – B Industrial Area, Mandideep, Madhya Pradesh, India – 462040
- IndustryAgriculture, Crop Protection
To see the full contact details of Indian Polychemical Industries 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 Indian Polychemical Industries 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 Indian Polychemical Industries Private Limited, buy the company report.
Financials of Indian Polychemical Industries Private Limited
FY 2017 filings availableIndian Polychemical Industries Private Limited reported revenue of ₹17.62 Lakh for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹17.62 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹15.6 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹2.9 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 88.5% | |
| Net Profit Margin | -16.5% | |
| 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 Indian Polychemical Industries Private Limited, buy the company report.
Board of directors of Indian Polychemical Industries Private Limited
Indian Polychemical Industries has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Khemchand Menghani | Director | 15 Feb 2018 | 8 Years 8 Months | As last reported |
| Arvind Shrivastava | Director | 19 May 2018 | 8 Years 5 Months | As last reported |
| Amit Kumar Saxena Also directs: Lentus India Private Limited | Director | 04 Apr 2018 | 8 Years 7 Months | As last reported |
Peer comparison
Indian Polychemical Industries Private Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sphere Bio-Arc Private Limited | ₹18.08 Lakh (FY 2022) | -96.0% | Savli, Gujarat, India | |||
| Green Velly Pesticides Private Limited | ₹17.74 Lakh (FY 2018) | Surat, Gujarat, India | ||||
| Indian Polychemical Industries Private Limitedthis company | ₹17.62 Lakh (FY 2016) | -₹2.9 Lakh | -16.5% | Mandideep, Madhya Pradesh, India | ||
| Atul Pesticides Private Limited | ₹17.43 Lakh (FY 2025) | -53.0% | Delhi, India | |||
| Hilton Pesticides & Seeds Private Limited | ₹17.16 Lakh (FY 2025) | 11.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Indian Polychemical Industries Private Limited, buy the company report.
Auditor
Indian Polychemical Industries Private Limited is audited by J H G G & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J H G G & ASSOCIATES | FY 2016 | 014991C |
Shareholding
The shareholding of Indian Polychemical Industries Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Indian Polychemical Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jul 2015 | 10613557 | Dewan Housing Finance Corporation Limited | ₹31 Lakh | Open | |
| 10 Jul 2015 | 10603036 | Dewan Housing Finance Corporation Limited | ₹1.62 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Indian Polychemical Industries Private Limited has 29 court cases on record: 2 filed by Indian Polychemical Industries, 27 filed against it. 12 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 25 | 12 |
| NCLT | 2 | 1 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aurangabad, Maharashtra | Civil suit | Filed against the company by Hifield - Ag Chem India Pvt. Ltd. | Pending |
| District court, Indore, Madhya Pradesh | Court case (SC NIA) | Filed against the company by Canbank Factors Ltd Through Anit Mishra | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S Pon Pure Chemical India Pvt Ltd Rep by Jino Antony | Pending |
| District court, West, Delhi | Criminal case | Filed against the company by Agrico Organics Ltd | Pending |
| District court, South East, Delhi | Execution petition | Filed against the company by M/S Krishi Rasayan Exports Pvt Ltd | Disposed |
To see the full case history of Indian Polychemical Industries 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
No delayed payments to MSME suppliers are on our record for Indian Polychemical Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indian Polychemical Industries has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Indian Polychemical Industries Private Limited, buy the company report.
Recent activity
Indian Polychemical Industries Private Limited has 7 board changes on record since 2016: 3 appointments and 4 cessations. The latest: Arvind Shrivastava was appointed as Director on 19 May 2018.
Frequently asked questions
Indian Polychemical Industries is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Indian Polychemical Industries is a company under insolvency, formerly operating as a private limited company based in Mandideep, Madhya Pradesh, India. The company works in crop protection, within the agriculture industry. It was incorporated on 17 June 2014 and is registered under CIN U24100MP2014PTC032801. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Indian Polychemical Industries has 3 current directors:
- Ashok Khemchand Menghani - Director
- Arvind Shrivastava - Director
- Amit Kumar Saxena - Director
The latest financial statements of Indian Polychemical Industries on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Indian Polychemical Industries is U24100MP2014PTC032801. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian Polychemical Industries has open charges of ₹1.93 Cr and no satisfied charges on record as per latest MCA filings.
Indian Polychemical Industries has 29 court cases on record: 2 filed by the company and 27 filed against it. 12 are pending. Most are in the district courts.
Indian Polychemical Industries was incorporated on 17 June 2014. It is registered with the Registrar of Companies, Gwalior.
The peers of Indian Polychemical Industries by revenue are Sphere Bio-Arc Private Limited, Green Velly Pesticides Private Limited, Atul Pesticides Private Limited, Hilton Pesticides & Seeds Private Limited, all in the Agriculture industry (Pesticides), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Arvind Shrivastava was appointed as Director on 19 May 2018. Amit Kumar Saxena was appointed as Director on 04 Apr 2018. Arvind Shrivastava ceased to be Director on 04 Apr 2018. Indian Polychemical Industries has 7 board changes on record in total.
The registered office of Indian Polychemical Industries is at Plot No. 60 – C Sector – B Industrial Area, Mandideep, Madhya Pradesh, India – 462040.
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