About Daman Polymers India Private Limited
Data last updated:
Daman Polymers India Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 01 May 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24130MH2006PTC161518. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Ashok Manikal Rao (Managing Director) and Nikita Sanjiv Mehta.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at C – 2 Satellite Classic 703 7th Floor Caves Road Jogehswari East, Mumbai, Maharashtra, India.
As per the financials filed for FY 2015, the company reported a revenue of ₹3.34 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹7.02 Cr (net margin -210.1%) and EBITDA of -₹5.03 Cr (EBITDA margin -150.6%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years.
As per MCA filings, the company has open charges of ₹13.2 Cr on record. Court records list 17 cases involving the company, including 3 filed by the company and 14 filed against it.
The last known website on record is damanpolymer.in.
Company details
Contact details
Daman Polymers India Private Limited's registered office is in Mumbai, Maharashtra. Its website is damanpolymer.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 2 Satellite Classic 703 7th Floor Caves Road Jogehswari East, Mumbai, Maharashtra, India
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Daman Polymers India 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
Financials of Daman Polymers India Private Limited
FY 2015 filings availableDaman Polymers India Private Limited reported revenue of ₹3.34 Cr (down 44% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over three years, including a 44% fall 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 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹3.34 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹5.03 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹7.02 Cr |
| 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -150.6% |
| Net Profit Margin | -210.1% |
| 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 Daman Polymers India Private Limited, buy the company report.
Board of directors of Daman Polymers India Private Limited
Daman Polymers India 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 |
|---|---|---|---|---|
| Nikita Sanjiv Mehta | Director | 01 May 2006 | 20 Years 5 Months | As last reported |
| Ashok Manikal Rao | Managing Director | 01 May 2006 | 20 Years 5 Months | As last reported |
Auditor
Daman Polymers India Private Limited is audited by PATEL PUROHIT & ASSOCIATES for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL PUROHIT & ASSOCIATES | FY 2015 | 138905W |
Shareholding
The shareholding of Daman Polymers India Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Daman Polymers India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2007 | 10090085 | Canara Bank | ₹6.22 Cr | Open | |
| 02 Mar 2007 | 10044057 | Canara Bank | ₹6.98 Cr | Open |
To see the full charge records of Daman Polymers India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Daman Polymers India Private Limited has 17 court cases on record: 3 filed by Daman Polymers India, 14 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 0 |
| High courts | 4 | 3 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss case SS) | Filed against the company by M/S. Vision Inks and Resins Ltd. | Disposed |
| District court, Daman, The Dadra And Nagar Haveli And Daman And Diu | Court case (Civil M.A.) | Filed against the company by Enki Glass Industry Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by M/S. Gopal Krishna Papers Pvt. Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by Bajaj Finance Ltd | Disposed |
| Bombay High Court | Company petition | Filed against the company by Samsung C and T Corporation India Pvt. Ltd. | Disposed |
To see the full case history of Daman Polymers India 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 Daman Polymers India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Daman Polymers India 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 Daman Polymers India Private Limited, buy the company report.
Recent activity
Daman Polymers India Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Nikita Sanjiv Mehta ceased to be Director on 27 Jul 2017.
Frequently asked questions
Daman Polymers India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Daman Polymers India is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 01 May 2006 and is registered under CIN U24130MH2006PTC161518. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Daman Polymers India has 2 current directors:
- Ashok Manikal Rao - Managing Director
- Nikita Sanjiv Mehta - Director
The latest financial statements of Daman Polymers India on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Daman Polymers India is U24130MH2006PTC161518. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Daman Polymers India has open charges of ₹13.2 Cr and no satisfied charges on record as per latest MCA filings.
Daman Polymers India has 17 court cases on record: 3 filed by the company and 14 filed against it. Most are in the district courts.
Daman Polymers India was incorporated on 01 May 2006. It is registered with the Registrar of Companies, Mumbai.
Nikita Sanjiv Mehta ceased to be Director on 27 Jul 2017. Ashok Manikal Rao was appointed as Managing Director on 01 May 2006. Nikita Sanjiv Mehta was appointed as Director on 01 May 2006.
Daman Polymers India can be reached through the website damanpolymer.in. Its registered office is in Mumbai, Maharashtra, India.