Pearl Engineering Polymers Limited
About Pearl Engineering Polymers Limited
Data last updated:
Pearl Engineering Polymers Limited is a public limited company based in Pune, 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 plastic and resins segment of the manufacturing sector. It was incorporated on 14 July 1992.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U25209PN1992PLC012701. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹37.47 Cr. It is led by directors including Brahm Prakash Bhardwaj and Anupama Halder.
Its last annual general meeting (AGM) was held on 15 November 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at D – 17 MIDC Industrial Aerakurkumbh Tal: Daund, Pune, Maharashtra, India.
As per the financials filed for FY 2019, the company reported a revenue of ₹6.98 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.99 Cr (net margin 85.7%) and EBITDA of -₹95.1 Lakh (EBITDA margin -13.6%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 83% over five years.
As per MCA filings, the company has open charges of ₹76.56 Cr and satisfied charges of ₹27.57 Cr on record. Court records list 12 cases involving the company, including 6 filed by the company and 6 filed against it; 2 cases are pending.
Company details
CIN history
Pearl Engineering Polymers has one previous CIN (Corporate Identification Number): L25209PN1992PLC012701. The current CIN is U25209PN1992PLC012701, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209PN1992PLC012701 | Current |
| L25209PN1992PLC012701 | Previous |
Contact details
Pearl Engineering Polymers Limited's registered office is in Pune, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressD – 17 MIDC Industrial Aerakurkumbh Tal: Daund, Pune, Maharashtra, India
- IndustryManufacturing, Plastic & Resins
To see the full contact details of Pearl Engineering Polymers 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 Pearl Engineering Polymers Limited
FY 2022 filings availablePearl Engineering Polymers Limited reported revenue of ₹6.98 Cr (up 8519% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 83% over five years. 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6.98 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹95.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.99 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -13.6% | ||||
| Net Profit Margin | 85.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Pearl Engineering Polymers Limited, buy the company report.
Board of directors of Pearl Engineering Polymers Limited
Pearl Engineering Polymers has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Brahm Prakash Bhardwaj | Director | 22 Jan 2021 | 5 Years 9 Months | As last reported |
| Anupama Halder Also directs: Pearl Polymers Limited, Sir Don Key Private Limited | Director | 01 Sep 2017 | 9 Years 1 Months | As last reported |
| Ramesh Mehra | Director | 22 Jun 2012 | 14 Years 4 Months | As last reported |
| Loveneet Handa Also directs: Kirpal Corporate Services LLP, Loveneet Handa and Associates LLP, Legus Compliances Managers LLP and 3 more | Irp/Rp/Liquidator | 05 Dec 2023 | 2 Years 10 Months | As last reported |
Auditor
Pearl Engineering Polymers Limited is audited by SEHGAL MEHTA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SEHGAL MEHTA & CO | FY 2019 | 003330N |
Shareholding
The shareholding of Pearl Engineering Polymers Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pearl Engineering Polymers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jan 1998 | 90369217 | Indian Overseas Bank | ₹19.2 Cr | Open | |
| 30 Mar 1996 | 90369148 | State Bank of Bikaner & Jaipur | ₹4 Cr | Open | |
| 09 Nov 1995 | 90369139 | State Bank of Bikaner & Jaipur | ₹2.5 Cr | Open | |
| 18 Sep 1995 | 90369135 | Icici Bank Ltd. | ₹1 Cr | Open | |
| 28 Aug 1995 | 90369132 | State Bank of Bikaner & Jaipur | ₹3 Cr | Open |
To see the full charge records of Pearl Engineering Polymers Limited, buy the company report.
Total charge records: 27 View all charges
Legal cases
Pearl Engineering Polymers Limited has 12 court cases on record: 6 filed by Pearl Engineering Polymers, 6 filed against it. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 6 | 2 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed by the company against MTZ Polyfilms Ltd. and Ors. | Pending |
| District court, New Delhi, Delhi | Revision petition | Filed by the company against MTZ Polyfilms Ltd and Others | Disposed |
| District court, Bharuch, Gujarat | Criminal miscellaneous application | Filed by the company against M/S MTZ Polyfilms Ltd. and 5 others | Disposed |
| District court, Pune, Maharashtra | Commercial suit | Filed against the company by Deutsche Bank Ag. London Through Parijatha Business Solution Private Ltd. | Pending |
| District court, Jaipur Metro II, Rajasthan | Civil miscellaneous application | Filed by the company against Madanlal Malpani and Company | Disposed |
To see the full case history of Pearl Engineering Polymers 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 Pearl Engineering Polymers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pearl Engineering Polymers has 4 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 Pearl Engineering Polymers Limited, buy the company report.
Recent activity
Pearl Engineering Polymers Limited has 15 board changes on record since 2006: 4 appointments and 11 cessations. The latest: Loveneet Handa was appointed as Irp/Rp/Liquidator on 05 Dec 2023.
62 earlier events are in the company report.
Frequently asked questions
Pearl Engineering 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.
Pearl Engineering Polymers is a company under liquidation, formerly operating as a public limited company based in Pune, Maharashtra, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 14 July 1992 and is registered under CIN U25209PN1992PLC012701. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pearl Engineering Polymers has 4 current directors:
- Brahm Prakash Bhardwaj - Director
- Anupama Halder - Director
- Ramesh Mehra - Director
- Loveneet Handa - Irp/Rp/Liquidator
The latest financial statements of Pearl Engineering Polymers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 15 November 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pearl Engineering Polymers is U25209PN1992PLC012701. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pearl Engineering Polymers has open charges of ₹76.56 Cr and satisfied charges of ₹27.57 Cr as per latest MCA filings.
Pearl Engineering Polymers has 12 court cases on record: 6 filed by the company and 6 filed against it. 2 are pending.
Pearl Engineering Polymers was incorporated on 14 July 1992. It is registered with the Registrar of Companies, Pune.
Loveneet Handa was appointed as Irp/Rp/Liquidator on 05 Dec 2023. Brahm Prakash Bhardwaj ceased to be Additional Director on 30 Dec 2021. Brahm Prakash Bhardwaj was appointed as Director on 22 Jan 2021. Pearl Engineering Polymers has 15 board changes on record in total.
The registered office of Pearl Engineering Polymers is at D – 17 MIDC Industrial Aerakurkumbh Tal: Daund, Pune, Maharashtra, India.