Nitin Polymers Pvt Ltd
About Nitin Polymers Pvt Ltd
Data last updated:
Nitin Polymers Pvt Ltd was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 22 October 1993.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24134MH1993PTC074679. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It was led by directors including Nitin Bhawanishankar Maheshwari and Bhawani Shankar Ramswroop Maheshwari.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at K – 52/207 Yogi Sagar Yogi Nagar Borivali – (West), Mumbai, Maharashtra, India – 400091.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.25 Lakh, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹14,870 (net margin -6.6%) and EBITDA of -₹14,870 (EBITDA margin -6.6%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years and 15% over five years.
As per MCA filings, the company had satisfied charges of ₹30 Lakh on record.
Company details
CIN history
Nitin Polymers has one previous CIN (Corporate Identification Number): U24134MH2004PTC074679. The current CIN is U24134MH1993PTC074679, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24134MH1993PTC074679 | Current |
| U24134MH2004PTC074679 | Previous |
Contact details
Nitin Polymers Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressK – 52/207 Yogi Sagar Yogi Nagar Borivali – (West), Mumbai, Maharashtra, India – 400091
- IndustryTrading, Wholesale, Other Wholesale
To see the full contact details of Nitin Polymers Pvt Ltd, 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 Nitin Polymers is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Nitin Polymers Pvt Ltd, buy the company report.
Financials of Nitin Polymers Pvt Ltd
FY 2020 filings availableNitin Polymers Pvt Ltd reported revenue of ₹2.25 Lakh (up 4% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 4% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA rose 95% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.25 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹14,870 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14,870 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.6% | ||||
| Net Profit Margin | -6.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Nitin Polymers Pvt Ltd, buy the company report.
Board of directors of Nitin Polymers Pvt Ltd
Nitin Polymers has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Bhawanishankar Maheshwari | Director | 10 Mar 2010 | 16 Years 7 Months | As last reported |
| Bhawani Shankar Ramswroop Maheshwari | Director | 22 Oct 1993 | 33 Years 0 Months | As last reported |
| Ramchandra Girdharilal Saini | Director | 27 Jul 2011 | 15 Years 2 Months | As last reported |
| Madhu Bala Bhawani Shankar Maheshwari | Director | 22 Dec 1995 | 30 Years 10 Months | As last reported |
Auditor
Nitin Polymers Pvt Ltd is audited by R K CHAPAWAT AND COMPNY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K CHAPAWAT AND COMPNY | FY 2017 | 101708W |
Shareholding
The shareholding of Nitin Polymers Pvt Ltd is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nitin Polymers Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jan 2003 | 90160160 | The Federal Bank Ltd. | ₹30 Lakh | Satisfied |
To see the full charge records of Nitin Polymers Pvt Ltd, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Nitin Polymers Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nitin Polymers Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nitin Polymers has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Nitin Polymers Pvt Ltd, buy the company report.
Recent activity
Nitin Polymers Pvt Ltd has 8 board changes on record since 1993: 4 appointments and 4 cessations. The latest: Ramchandra Girdharilal Saini ceased to be Additional Director on 30 Sep 2011.
2 earlier events are in the company report.
Frequently asked questions
Nitin Polymers has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Nitin Polymers was a private limited company based in Mumbai, Maharashtra, India. The company worked in wholesale, within the trading industry. It was incorporated on 22 October 1993 and is registered under CIN U24134MH1993PTC074679. The company has been struck off by the Registrar of Companies and is no longer operational.
Nitin Polymers had 4 directors:
- Nitin Bhawanishankar Maheshwari - Director
- Bhawani Shankar Ramswroop Maheshwari - Director
- Ramchandra Girdharilal Saini - Director
- Madhu Bala Bhawani Shankar Maheshwari - Director
The CIN (Corporate Identification Number) of Nitin Polymers is U24134MH1993PTC074679. 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 Nitin Polymers is at K – 52207 Yogi Sagar Yogi Nagar Borivali – West, Mumbai, Maharashtra, India – 400091.
Nitin Polymers was incorporated on 22 October 1993. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Nitin Polymers on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Nitin Polymers has 1 GST registration on record and it is cancelled or inactive.
Nitin Polymers operated in the trading industry, in the wholesale segment. It worked in this industry before it was struck off.
Ramchandra Girdharilal Saini ceased to be Additional Director on 30 Sep 2011. Ramchandra Girdharilal Saini was appointed as Director on 27 Jul 2011. Pramod Narayan Singh Sankhala ceased to be Director on 07 Oct 2010. Nitin Polymers has 8 board changes on record in total.