India Polyspin Limited
About India Polyspin Limited
Data last updated:
India Polyspin Limited is a public limited company based in Surat, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 25 November 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L17110GJ1992PLC018617. The company has 2 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.56 Cr. It is led by directors including Naresh Nagindas Shah and Shitalben Mukundbhai Kadam.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 3001 3rd Floor Shanker Plazaopp District Co – Op Bank Ltd Timliyawad Nanpura, Surat, Gujarat, India – 395001.
As per the financials filed for FY 2018, the company reported a revenue of ₹82.15 Lakh, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹15,198 (net margin -0.2%) and EBITDA of -₹15,198 (EBITDA margin -0.2%).
As per MCA filings, the company has open charges of ₹1.5 Cr and satisfied charges of ₹2.54 Cr on record. Court records list 25 cases involving the company, including 25 filed against it; 2 cases are pending. The company has 3 deals on record (3 market trades); the latest was in August 2005.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
India Polyspin has one previous CIN (Corporate Identification Number): U17110GJ1992PLC018617. The current CIN is L17110GJ1992PLC018617, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17110GJ1992PLC018617 | Current |
| U17110GJ1992PLC018617 | Previous |
Contact details
India Polyspin Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3001 3rd Floor Shanker Plazaopp District Co – Op Bank Ltd Timliyawad Nanpura, Surat, Gujarat, India – 395001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of India Polyspin 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
Financials of India Polyspin Limited
FY 2018 filings availableIndia Polyspin Limited reported revenue of ₹82.15 Lakh (up 9% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹82.15 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹15,198 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹15,198 | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -0.2% | |||
| Net Profit Margin | -0.2% | |||
| 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 India Polyspin Limited, buy the company report.
Board of directors of India Polyspin Limited
India Polyspin has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Nagindas Shah Also directs: Sapan Chemicals Limited, GFL Financials India Limited, Fast Track Entertainment Limited and 3 more | Additional Director | 07 Aug 2017 | 9 Years 2 Months | Current |
| Shitalben Mukundbhai Kadam Also directs: Earth Exim Limited, Fast Track Entertainment Limited, Sonal Sil-Chem Limited and 2 more | Additional Director | 07 Aug 2017 | 9 Years 2 Months | Current |
| Narendra Ramanlal Shah Also directs: Tribhuvan Housing Limited, Universal Credit and Securities Limited, Rasdhara Agro Exports Limited and 2 more | Additional Director | 07 Aug 2017 | 9 Years 2 Months | Current |
Auditor
India Polyspin Limited is audited by ABHISHEK N SHAH & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHISHEK N SHAH & CO | FY 2018 | 139411W |
Shareholding
The shareholding of India Polyspin Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of India Polyspin Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jan 1995 | 90094822 | Asset Reconstruction Company (India) Limited | ₹1.5 Cr | Open | |
| 27 Sep 2005 | 90095779 | Bank of Baroda | ₹90 Lakh | Satisfied | |
| 04 Jul 1998 | 90095060 | Bank of Baroda | ₹17 Lakh | Satisfied | |
| 04 Oct 1997 | 90094999 | Bank of Baroda | ₹80 Lakh | Satisfied | |
| 24 Apr 1997 | 90094972 | Bank of Baroda | ₹36.75 Lakh | Satisfied |
To see the full charge records of India Polyspin Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
India Polyspin Limited has 3 deals on record (3 market trades); the latest was in August 2005.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2005 | Market trade | ₹1.6 Lakh | Seller: an individual |
| May 2005 | Market trade | ₹70,000 | Seller: Rajender Kumar Patwa Huf |
| Apr 2005 | Market trade | ₹1.2 Lakh | Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
India Polyspin Limited has 25 court cases on record: 25 filed against it. 2 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 24 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Shree Synthetics Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Registrar of Companies | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by The Registrar of Companies | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The Registrar of Companies | Disposed |
To see the full case history of India Polyspin 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 India Polyspin Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
India Polyspin has 2 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 India Polyspin Limited, buy the company report.
Recent activity
India Polyspin Limited has 27 board changes on record since 1992: 14 appointments and 13 cessations. The latest: Narendra Ramanlal Shah ceased to be Additional Director on 11 Apr 2019.
31 earlier events are in the company report.
Frequently asked questions
India Polyspin is an active public limited company based in Surat, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 25 November 1992 (34+ years old) and is registered under CIN L17110GJ1992PLC018617.
India Polyspin has 3 current directors:
- Naresh Nagindas Shah - Additional Director
- Shitalben Mukundbhai Kadam - Additional Director
- Narendra Ramanlal Shah - Additional Director
The latest financial statements of India Polyspin on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. India Polyspin has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of India Polyspin is L17110GJ1992PLC018617. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Polyspin is recorded as a listed company by MCA, but its shares were delisted from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
India Polyspin has 25 court cases on record: 25 filed against it. 2 are pending. Most are in the district courts.
India Polyspin was incorporated on 25 November 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
India Polyspin has 3 deals on record (3 market trades); the latest was in August 2005.
Narendra Ramanlal Shah ceased to be Additional Director on 11 Apr 2019. Shitalben Mukundbhai Kadam ceased to be Additional Director on 11 Apr 2019. Hineri Ankit Shah ceased to be Director on 07 Aug 2017. India Polyspin has 27 board changes on record in total.
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