About Modern Engineering Plastics Private Limited
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Modern Engineering Plastics Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 29 December 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U28920TN1994PTC029700. Its GSTIN is 33AAACM6299E1ZG (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹54.01 Lakh. It is led by directors Raman Raghavachari (Managing Director) and Vikram Sarathy Raman.
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 No.8 J Apartments No.3 III Cross St Kasturbai Nagar Adyar, Chennai, Tamil Nadu, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹93.93 Lakh, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹1.29 Cr (net margin -137%) and EBITDA of -₹1.07 Cr (EBITDA margin -114.2%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 2% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.04 Cr and satisfied charges of ₹3.25 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 6 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website modernengineeringplastics.com.
Company details
Contact details
Modern Engineering Plastics Private Limited's registered office is in Chennai, Tamil Nadu. Its website is modernengineeringplastics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.8 J Apartments No.3 III Cross St Kasturbai Nagar Adyar, Chennai, Tamil Nadu, India
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Modern Engineering Plastics 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 Modern Engineering Plastics 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 Modern Engineering Plastics Private Limited, buy the company report.
Financials of Modern Engineering Plastics Private Limited
FY 2023 filings availableModern Engineering Plastics Private Limited reported revenue of ₹93.93 Lakh (down 43% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 43% fall in the latest year. EBITDA fell 127% 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 |
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| EBITDA | -₹1.07 Cr | ||||
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| Net Profit (PAT) | -₹1.29 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -114.2% | ||||
| Net Profit Margin | -137% | ||||
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To see the full financial statements and ratios of Modern Engineering Plastics Private Limited, buy the company report.
Board of directors of Modern Engineering Plastics Private Limited
Modern Engineering Plastics has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Sarathy Raman | Director | 09 Jul 2014 | 12 Years 3 Months | Current |
| Raman Raghavachari Also directs: Sreeragh General Finance Limited | Managing Director | 29 Dec 1994 | 31 Years 9 Months | Current |
Shareholding
The shareholding of Modern Engineering Plastics Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Modern Engineering Plastics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2006 | 80050425 | Technology Information Forecasting and Assessment Council | ₹1.04 Cr | Open | |
| 19 Feb 2008 | 10102749 | State Bank of India | ₹1.85 Cr | Satisfied | |
| 21 Apr 2001 | 90294802 | Indian Overseas Bank | ₹80 Lakh | Satisfied | |
| 08 Nov 2000 | 90294779 | Indian Overseas Bank | ₹10 Lakh | Satisfied | |
| 16 Nov 1998 | 90288935 | Indian Overseas Bank | ₹20 Lakh | Satisfied |
To see the full charge records of Modern Engineering Plastics Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Modern Engineering Plastics Private Limited has 6 court cases on record: 1 filed by Modern Engineering Plastics, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1412-Criminal Matters : Criminal T.P. Under Section 406 of the Cr.P.C.) | Filed against the company by R. Raman,Chairman and Managing Director M/S. Modern Engineering Plastics Pvt Ltd. S/D/W/Thru:- P.A.Raghavachari Residing at D.No. 8/1512, Vavalthopukullamudayanur, Salem, Tamil Nadu , District: , ,Salem , Tamil Nadu | Disposed |
| Supreme Court | Court case (1412-Criminal Matters : Criminal T.P. Under Section 406 of the Cr.P.C.) | Filed by the company against M/S. Modern Engineering Plastics Pvt Ltd., D.No. 8/1512, Vavalthopukullamudayanur, Salem, Tamil Nadu-636453 ,Salem , Tamil Nadu and 1 other | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Reichhold India Pvt. Ltd. Through Bhavesh Shah | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed against the company by Crest Composites and Plastics Pvt Ltd | Disposed |
| District court, South, Delhi | Criminal case | Filed against the company by an individual | Disposed |
To see the full case history of Modern Engineering Plastics 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 Modern Engineering Plastics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Modern Engineering Plastics Private Limited has a workforce of 13 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Modern Engineering Plastics has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACM6299E1ZG | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modern Engineering Plastics Private Limited, buy the company report.
Recent activity
Modern Engineering Plastics Private Limited has 5 board changes on record since 1994: 2 appointments and 3 cessations. The latest: Jai Krishna Sudharsan ceased to be Additional Director on 03 Aug 2017.
14 earlier events are in the company report.
Frequently asked questions
Modern Engineering Plastics is an active private limited company based in Chennai, Tamil Nadu, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 29 December 1994 (32+ years old) and is registered under CIN U28920TN1994PTC029700.
Modern Engineering Plastics has 2 current directors:
- Raman Raghavachari - Managing Director
- Vikram Sarathy Raman - Director
The latest financial statements of Modern Engineering Plastics 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 Modern Engineering Plastics is 33AAACM6299E1ZG, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Modern Engineering Plastics is U28920TN1994PTC029700. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Engineering Plastics has 6 court cases on record: 1 filed by the company and 6 filed against it. Most are in the district courts.
Modern Engineering Plastics was incorporated on 29 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chennai.
Jai Krishna Sudharsan ceased to be Additional Director on 03 Aug 2017. Srikanth Saranathan ceased to be Director on 09 Jul 2014. Vikram Sarathy Raman was appointed as Director on 09 Jul 2014. Modern Engineering Plastics has 5 board changes on record in total.
Modern Engineering Plastics can be reached through the website modernengineeringplastics.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Modern Engineering Plastics is at No.8 J Apartments No.3 III Cross St Kasturbai Nagar Adyar, Chennai, Tamil Nadu, India.