About Indo - Japan Polymers Private Limited
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Indo - Japan Polymers Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Shinichi Kato Office Co Ltd. It operates in the rubber and products segment of the manufacturing sector. It was incorporated on 08 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U25200TN2010PTC074521. Its GSTIN is 33AACCI2667Q1Z5 (Tamil Nadu). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.11 Cr. It is led by directors Kaushik Palicha Ajithkumar and Divyesh Palicha.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 505 Delta Wing 5th Floor Raheja Towers No.177 Anna Salai, Chennai, Tamil Nadu, India – 600002.
As per the financials filed for FY 2022, the company reported a revenue of ₹8.68 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net loss of ₹3.71 Cr (net margin -42.7%) and EBITDA of -₹1 Cr (EBITDA margin -11.5%). Revenue has declined at a compounded annual rate (CAGR) of 62% over three years and 29% over five years.
As per MCA filings, the company has satisfied charges of ₹5 Cr on record. Court records list 26 cases involving the company, including 25 filed by the company and 1 filed against it; 4 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹6.08 Cr; the latest was in April 2017. Its 7 peer companies in the Manufacturing industry (Plastics and Resins, Polymers, Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 4 smaller; the largest is G.N. Polymers Private Limited with revenue of ₹8.74 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indo-japan.in.
Company details
CIN history
Indo - Japan Polymers has one previous CIN (Corporate Identification Number): U51900TN2010PTC074521. The current CIN is U25200TN2010PTC074521, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25200TN2010PTC074521 | Current |
| U51900TN2010PTC074521 | Previous |
Contact details
Indo - Japan Polymers Private Limited's registered office is in Chennai, Tamil Nadu. Its website is indo-japan.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address505 Delta Wing 5th Floor Raheja Towers No.177 Anna Salai, Chennai, Tamil Nadu, India – 600002
- IndustryManufacturing, Rubber & Products, Plastic & Resins
To see the full contact details of Indo - Japan 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 Indo - Japan 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 Indo - Japan Polymers Private Limited, buy the company report.
Financials of Indo - Japan Polymers Private Limited
FY 2022 filings availableIndo - Japan Polymers Private Limited reported revenue of ₹8.68 Cr (down 20% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 20% fall in the latest year. EBITDA rose 76% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹8.68 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.71 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.5% | ||||
| Net Profit Margin | -42.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Indo - Japan Polymers Private Limited, buy the company report.
Board of directors of Indo - Japan Polymers Private Limited
Indo - Japan Polymers has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushik Palicha Ajithkumar Also directs: Ram Charan Holdings LLP, Z-Capita Intelligence LLP, Ram Charan Speciality Chemicals LLP and 4 more | Director | 08 Feb 2010 | 16 Years 9 Months | Current |
| Divyesh Palicha Also directs: Ram Charan Holdings LLP, Ram Charan Company Private Limited, Ramcharan Trade & Distributions Private Limited and 1 more | Director | 08 Feb 2010 | 16 Years 9 Months | Current |
Peer comparison
Indo - Japan Polymers Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Plastics and Resins, Polymers, Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| G.N. Polymers Private Limited | ₹8.74 Cr (FY 2025) | 26.0% | Ludhiana, Punjab, India | |||
| Alloy Polymers India Private Limited | ₹8.73 Cr (FY 2025) | -12.0% | Pune, Maharashtra, India | |||
| Chakkacheril Rubbers Pvt Ltd | ₹8.72 Cr (FY 2025) | 51.0% | Thiruvananthapuram, Kerala, India | |||
| Indo - Japan Polymers Private Limitedthis company | ₹8.68 Cr (FY 2022) | -₹3.71 Cr | -42.7% | -20.0% | Chennai, Tamil Nadu, India | |
| Havisha Polymers Private Limited | ₹8.65 Cr (FY 2024) | 271.0% | Indore, Madhya Pradesh, India | |||
| Maxsun Polymers Private Limited | ₹8.64 Cr (FY 2025) | 15.0% | Jetpur, Gujarat, India | |||
| Vraj Polymers Private Limited | ₹8.62 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Json Polymer Private Limited | ₹8.58 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Indo - Japan Polymers Private Limited, buy the company report.
Auditor
Indo - Japan Polymers Private Limited is audited by Ajay & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ajay & Co | FY 2022 | 012671S |
Shareholding
The shareholding of Indo - Japan Polymers Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indo - Japan Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Nov 2017 | 100156737 | Citi Bank N.A. | ₹5 Cr | Satisfied |
To see the full charge records of Indo - Japan Polymers Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Indo - Japan Polymers Private Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹6.08 Cr; the latest was in April 2017.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Funding round | ₹4.39 Cr | Investors: Shinichi Kato Office Co Limited, an individual |
| Mar 2016 | Funding round | ₹90.8 Lakh | Investors: Shinichi Kato Office Co Limited, 2 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2010 | Funding round | ₹78.8 Lakh | Investors: Shinichi Kato Office Co Limited, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indo - Japan Polymers Private Limited has 26 court cases on record: 25 filed by Indo - Japan Polymers, 1 filed against it. 4 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 1 | 4 |
| High courts | 5 | 0 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Poly Tech International Pvt. Ltd and 2 others | Pending |
| District court, Vadodara, Gujarat | Court case (SMST R) | Filed by the company against individuals | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed by the company against individuals | Pending |
| Madras High Court | Writ petition | Filed by the company against Additional Commissioner of Customs (Gr.2) | Disposed |
To see the full case history of Indo - Japan 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
No delayed payments to MSME suppliers are on our record for Indo - Japan Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indo - Japan Polymers has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCI2667Q1Z5 | Tamil Nadu | Active | 01 Jul 2017 |
| 24AACCI2667Q1Z4 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indo - Japan Polymers Private Limited, buy the company report.
Recent activity
Indo - Japan Polymers Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Ajit Kumar Palicha ceased to be Director on 30 Jan 2011.
Frequently asked questions
Indo - Japan Polymers is an active private limited company based in Chennai, Tamil Nadu, India. The company works in rubber and products, within the manufacturing industry. It was incorporated on 08 February 2010 (16+ years old) and is registered under CIN U25200TN2010PTC074521.
Indo - Japan Polymers has 2 current directors:
- Kaushik Palicha Ajithkumar - Director
- Divyesh Palicha - Director
The latest financial statements of Indo - Japan Polymers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Indo - Japan Polymers is 33AACCI2667Q1Z5, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AACCI2667Q1Z4 (Gujarat).
The CIN (Corporate Identification Number) of Indo - Japan Polymers is U25200TN2010PTC074521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indo - Japan Polymers has 26 court cases on record: 25 filed by the company and 1 filed against it. 4 are pending. Most are in the district courts.
Indo - Japan Polymers was incorporated on 08 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chennai.
Indo - Japan Polymers has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹6.08 Cr; the latest was in April 2017.
The peers of Indo - Japan Polymers by revenue are G.N. Polymers Private Limited, Alloy Polymers India Private Limited, Chakkacheril Rubbers Pvt Ltd, Havisha Polymers Private Limited, Maxsun Polymers Private Limited and 2 more, all in the Manufacturing industry (Plastics and Resins, Polymers, Rubber Based Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Ajit Kumar Palicha ceased to be Director on 30 Jan 2011. Divyesh Palicha was appointed as Director on 08 Feb 2010. Kaushik Palicha Ajithkumar was appointed as Director on 08 Feb 2010.
Indo - Japan Polymers can be reached through the website indo-japan.in. Its registered office is in Chennai, Tamil Nadu, India.
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