About Opal Polymers Private Limited
Data last updated:
Opal Polymers Private Limited was a private limited company based in Bahadurgarh, Haryana, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 09 March 2007.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74999HR2007PTC073452. Its GSTIN is 06AABCO1880A1ZX (Haryana). The company held 3 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹82.04 Lakh. It was led by directors including Avichal Gupta (Whole-Time Director) and Dinesh Mittal.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Plot No.308 Sector – 17 Hsiidc, Bahadurgarh, Haryana, India – 124507.
As per the financials filed for FY 2018, the company reported a revenue of ₹88.29 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹1.49 Cr (net margin 1.7%) and EBITDA of ₹6.51 Cr (EBITDA margin 7.4%).
The company had about 39 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹15 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 2 cases are pending.
The last known website on record is acqualiteindia.com.
Company details
CIN history
Opal Polymers has one previous CIN (Corporate Identification Number): U74999DL2007PTC160342. The current CIN is U74999HR2007PTC073452, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999HR2007PTC073452 | Current |
| U74999DL2007PTC160342 | Previous |
Contact details
Opal Polymers Private Limited's registered office is in Bahadurgarh, Haryana. Its website is acqualiteindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No.308 Sector – 17 Hsiidc, Bahadurgarh, Haryana, India – 124507
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Opal 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 Opal 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 Opal Polymers Private Limited, buy the company report.
Financials of Opal Polymers Private Limited
FY 2018 filings availableOpal Polymers Private Limited reported revenue of ₹88.29 Cr (up 2% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 2% in the latest year. EBITDA rose 10% 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 | ||||
| Other Income | ||||
| Total Revenue | ₹88.29 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹6.51 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.49 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7.4% | |||
| Net Profit Margin | 1.7% | |||
| 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 Opal Polymers Private Limited, buy the company report.
Board of directors of Opal Polymers Private Limited
Opal Polymers has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Mittal | Director | 12 Jan 2017 | 9 Years 9 Months | As last reported |
| Avichal Gupta | Whole-Time Director | 01 Jul 2014 | 12 Years 4 Months | As last reported |
| Anil Kumar | Director | 09 Mar 2007 | 19 Years 8 Months | As last reported |
| Aviral Gupta Also directs: Aqualite Industries Private Limited | Director | 09 Mar 2007 | 19 Years 8 Months | As last reported |
| Davinder Kumar | Director | 15 Oct 2013 | 13 Years 0 Months | As last reported |
Peer comparison
Opal Polymers Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Footwear Manufacturers, Polymers), 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 |
|---|---|---|---|---|---|---|
| Venus Footarts Limited | ₹90.89 Cr (FY 2025) | -5.0% | Sikar, Rajasthan, India | |||
| Opal Polymers Private Limitedthis company | ₹88.29 Cr (FY 2018) | ₹1.49 Cr | 1.7% | 2.0% | 39 | Bahadurgarh, Haryana, India |
| Repetro Polymers Private Limited | ₹88.16 Cr (FY 2025) | 47.0% | Delhi, India | |||
| Spario Private Limited | ₹87.91 Cr (FY 2025) | 155.0% | Delhi, India | |||
| SSF Polymers Private Limited | ₹87.83 Cr (FY 2025) | -5.0% | Delhi, India | |||
| Veekesy Elastomers Private Limited | ₹87.77 Cr (FY 2025) | 5.0% | Kozhikode, Kerala, India |
To see the full peer comparison of Opal Polymers Private Limited, buy the company report.
Auditor
Opal Polymers Private Limited is audited by G S K & ASSOCIATES LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G S K & ASSOCIATES LLP | FY 2018 | 013838N |
Shareholding
The shareholding of Opal Polymers Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Opal Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2017 | 100086266 | Others | ₹7 Cr | Satisfied | |
| 28 Oct 2014 | 10534866 | Reliance Home Finance Limited | ₹8 Cr | Satisfied |
To see the full charge records of Opal Polymers Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Opal Polymers Private Limited has 6 court cases on record: 6 filed by Opal Polymers. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Criminal case | Filed by the company against Leathermart E Commerce Solutions P Ltd Etc. and 2 others | Pending |
| District court, North West, Delhi | Criminal case | Filed by the company against an individual | Pending |
| District court, North West, Delhi | Criminal case | Filed by the company against an individual | Disposed |
| District court, North West, Delhi | Criminal case | Filed by the company against an individual | Disposed |
| District court, North West, Delhi | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Opal 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.
Credit ratings & regulatory alerts
Opal Polymers Private Limited was last rated by Crisil on 13 Mar 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 Mar 2019 |
To see the full credit ratings and regulatory alerts of Opal Polymers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Opal Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Opal Polymers has 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Employees & EPFO
Opal Polymers Private Limited has a workforce of 39 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Opal Polymers has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCO1880A1ZX | Haryana | Active | 01 Jul 2017 |
| 05AABCO1880A1ZZ | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Opal Polymers Private Limited, buy the company report.
Recent activity
Opal Polymers Private Limited has 8 board changes on record since 2007: 5 appointments and 3 cessations. The latest: Dinesh Mittal ceased to be Additional Director on 28 Sep 2017.
3 earlier events are in the company report.
Frequently asked questions
Opal Polymers has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Opal Polymers was a private limited company based in Bahadurgarh, Haryana, India. The company worked in footwear manufacturing, within the consumer goods industry. It was incorporated on 09 March 2007 and is registered under CIN U74999HR2007PTC073452. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Opal Polymers was incorporated on 09 March 2007. It is registered with the Registrar of Companies, Delhi.
Opal Polymers had 5 directors:
- Avichal Gupta - Whole-Time Director
- Dinesh Mittal - Director
- Anil Kumar - Director
- Aviral Gupta - Director
- Davinder Kumar - Director
The CIN (Corporate Identification Number) of Opal Polymers is U74999HR2007PTC073452. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Opal Polymers is at Plot No.308 Sector – 17 Hsiidc, Bahadurgarh, Haryana, India – 124507.
Opal Polymers can be reached through the website acqualiteindia.com. Its registered office is in Bahadurgarh, Haryana, India.
The latest financial statements of Opal Polymers on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Opal Polymers is 06AABCO1880A1ZX, registered in Haryana. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 05AABCO1880A1ZZ (Uttarakhand).
Opal Polymers operated in the consumer goods industry, in the footwear manufacturing segment.
The peers of Opal Polymers by revenue are Venus Footarts Limited, Repetro Polymers Private Limited, Spario Private Limited, SSF Polymers Private Limited, Veekesy Elastomers Private Limited, all in the Consumer Products industry (Footwear Manufacturers, Polymers), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
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