About Speciality Polymers Private Limited
Data last updated:
Speciality Polymers 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 specialty chemicals segment of the chemicals and materials sector. It was incorporated on 14 October 1988.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24295MH1988PTC049233. Its GSTIN is 27AACCS3432R2ZW (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹1.94 Cr. It is led by directors Padmanabha Sundaram Sharma and Sthanusesha S Sharma.
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 Office No 5A 6A New Excelsior Building Wallace Street A.K. Naik Marg Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2015, the company reported a revenue of ₹253.26 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹5.23 Cr (net margin 2.1%) and EBITDA of ₹14.07 Cr (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years.
As per MCA filings, the company has open charges of ₹78.6 Cr and satisfied charges of ₹9.96 Cr on record. Court records list 57 cases involving the company, including 3 filed by the company and 54 filed against it; 21 cases are pending.
The last known website on record is specialitypolymer.com.
Company details
Contact details
Speciality Polymers Private Limited's registered office is in Mumbai, Maharashtra. Its website is specialitypolymer.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice No 5A 6A New Excelsior Building Wallace Street A.K. Naik Marg Fort, Mumbai, Maharashtra, India – 400001
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Speciality 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
Financials of Speciality Polymers Private Limited
FY 2015 filings availableSpeciality Polymers Private Limited reported revenue of ₹253.26 Cr (up 21% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over three years, including 21% growth in the latest year. EBITDA rose 19% 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 | ₹253.26 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹14.07 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹5.23 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 | 5.6% |
| Net Profit Margin | 2.1% |
| 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 Speciality Polymers Private Limited, buy the company report.
Board of directors of Speciality Polymers Private Limited
Speciality Polymers has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padmanabha Sundaram Sharma | Director | 14 Oct 1988 | 38 Years 0 Months | As last reported |
| Sthanusesha S Sharma | Director | 14 Oct 1988 | 38 Years 0 Months | As last reported |
Auditor
Speciality Polymers Private Limited is audited by N. C. Shah & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. C. Shah & Co. | FY 2015 |
Shareholding
The shareholding of Speciality Polymers 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 Speciality Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 May 2008 | 10126257 | Corporation Bank | ₹78.6 Cr | Open | |
| 22 Aug 2009 | 10173137 | S. E. Investments Limited | ₹75 Lakh | Satisfied | |
| 31 Oct 2006 | 10027981 | Punjab National Bank | ₹16 Lakh | Satisfied | |
| 31 Oct 2006 | 10027982 | Punjab National Bank | ₹40 Lakh | Satisfied | |
| 10 Jan 2006 | 90232351 | Punjab National Bank | ₹4.15 Cr | Satisfied |
To see the full charge records of Speciality Polymers Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Speciality Polymers Private Limited has 57 court cases on record: 3 filed by Speciality Polymers, 54 filed against it. 21 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 47 | 45 | 21 |
| High courts | 10 | 9 | 0 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Nayakem Organics Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Capital First Ltd | Pending |
| District court, South East, Delhi | Criminal case | Filed against the company by KLJ Resources Limited | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Kaushal Sanjaybhai Sheth Autho Per of Sunfrio Chemicals Pvt Ltd | Disposed |
To see the full case history of Speciality 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
Speciality Polymers Private Limited was last rated by Icra on 20 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 20 Jun 2022 |
To see the full credit ratings and regulatory alerts of Speciality Polymers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Speciality Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Speciality Polymers Private Limited has 1 active EPFO establishment as of Apr 09, 2024.
GST
Speciality Polymers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCS3432R2ZW | Maharashtra | Active | 06 Nov 2020 |
To see the full GST registrations and return filing status of Speciality Polymers Private Limited, buy the company report.
Recent activity
Speciality Polymers Private Limited has 2 board changes on record since 1988: 2 appointments. The latest: Padmanabha Sundaram Sharma was appointed as Director on 14 Oct 1988.
9 earlier events are in the company report.
Frequently asked questions
Speciality Polymers 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.
Speciality Polymers is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 14 October 1988 and is registered under CIN U24295MH1988PTC049233. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Speciality Polymers has 2 current directors:
- Padmanabha Sundaram Sharma - Director
- Sthanusesha S Sharma - Director
The latest financial statements of Speciality Polymers 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 Speciality Polymers is U24295MH1988PTC049233. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Speciality Polymers has open charges of ₹78.6 Cr and satisfied charges of ₹9.96 Cr as per latest MCA filings.
Speciality Polymers has 57 court cases on record: 3 filed by the company and 54 filed against it. 21 are pending. Most are in the district courts.
Speciality Polymers was incorporated on 14 October 1988. It is registered with the Registrar of Companies, Mumbai.
Padmanabha Sundaram Sharma was appointed as Director on 14 Oct 1988. Sthanusesha S Sharma was appointed as Director on 14 Oct 1988.
Speciality Polymers can be reached through the website specialitypolymer.com. Its registered office is in Mumbai, Maharashtra, India.