Polo Ceramics Private Limited
About Polo Ceramics Private Limited
Data last updated:
Polo Ceramics Private Limited is a private limited company based in Mehsana, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 29 March 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26231GJ1990PTC013559. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.51 Cr. It is led by directors Mansukhbhai Bhaikhabhai Kalariya and Dipikabahen Mansukhbhai Kalariya.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Plot No 20 A – B – O – N GIDC Kadi, Mehsana, Gujarat, India – 382715.
As per the financials filed for FY 2016, the company reported a revenue of ₹56.69 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹11.58 Lakh (net margin -0.2%) and EBITDA of ₹1.95 Cr (EBITDA margin 3.4%).
As per MCA filings, the company has open charges of ₹52.67 Cr and satisfied charges of ₹25.19 Cr on record. Court records list 39 cases involving the company, including 11 filed by the company and 28 filed against it; 8 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Polo Ceramics Private Limited's registered office is in Mehsana, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 20 A – B – O – N GIDC Kadi, Mehsana, Gujarat, India – 382715
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Polo Ceramics 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 Polo Ceramics is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Polo Ceramics Private Limited, buy the company report.
Financials of Polo Ceramics Private Limited
FY 2016 filings availablePolo Ceramics Private Limited reported revenue of ₹56.69 Cr (up 5% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year. EBITDA fell 6% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹56.69 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.95 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹11.58 Lakh | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 3.4% | |
| Net Profit Margin | -0.2% | |
| 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 Polo Ceramics Private Limited, buy the company report.
Board of directors of Polo Ceramics Private Limited
Polo Ceramics has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mansukhbhai Bhaikhabhai Kalariya Also directs: Pramukh Tiles Private Limited | Director | 05 Apr 2007 | 19 Years 6 Months | Current |
| Dipikabahen Mansukhbhai Kalariya Also directs: Pramukh Tiles Private Limited | Director | 24 Jun 2008 | 18 Years 4 Months | Current |
Auditor
Polo Ceramics Private Limited is audited by M P SUTARIA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M P SUTARIA & CO | FY 2016 | 110730W |
Shareholding
The shareholding of Polo Ceramics Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Polo Ceramics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jul 2011 | 10297928 | Others | ₹23.85 Cr | Open | |
| 18 Jun 2011 | 10297929 | Others | ₹23.85 Cr | Open | |
| 17 Jan 2005 | 90099973 | Union Bank of India | ₹2.5 Lakh | Open | |
| 25 Jun 1999 | 90099020 | Union Bank of India | ₹2.46 Cr | Open | |
| 16 Mar 1999 | 90100645 | Gujrat State Financial Corporation | ₹2 Cr | Open |
To see the full charge records of Polo Ceramics Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Polo Ceramics Private Limited has 39 court cases on record: 11 filed by Polo Ceramics, 28 filed against it. 8 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 23 | 6 |
| High courts | 8 | 5 | 2 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (OJA) | Filed by the company against Official Liquidator of M/S Anal Polyester Pvt Ltd and 2 others | Pending |
| District court, Mahesana, Gujarat | Court case (CR EN) | Filed against the company by Shamik S Roy Authorized Signatory of Rare Asset Reconstruction Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Rare Asset Reconstruction Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by M/S BP Lubricants Private Limited | Disposed |
| High Court of Gujarat | Special civil application | Filed against the company by Rare Asset Reconstruction Limited | Disposed |
To see the full case history of Polo Ceramics 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 Polo Ceramics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Polo Ceramics Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Polo Ceramics has 2 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 Polo Ceramics Private Limited, buy the company report.
Recent activity
Polo Ceramics Private Limited has 4 board changes on record since 2007: 2 appointments and 2 cessations. The latest: Pankajkumar Harivadan Patel ceased to be Director on 02 Mar 2009.
13 earlier events are in the company report.
Frequently asked questions
Polo Ceramics is an active private limited company based in Mehsana, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 29 March 1990 (36+ years old) and is registered under CIN U26231GJ1990PTC013559.
Polo Ceramics has 2 current directors:
- Mansukhbhai Bhaikhabhai Kalariya - Director
- Dipikabahen Mansukhbhai Kalariya - Director
The latest financial statements of Polo Ceramics on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Polo Ceramics has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Polo Ceramics is U26231GJ1990PTC013559. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polo Ceramics has 39 court cases on record: 11 filed by the company and 28 filed against it. 8 are pending. Most are in the district courts.
Polo Ceramics was incorporated on 29 March 1990, making it 36+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Pankajkumar Harivadan Patel ceased to be Director on 02 Mar 2009. Dipikabahen Mansukhbhai Kalariya was appointed as Director on 24 Jun 2008. Pravinchandra Ramjibhai Thakkar ceased to be Director on 30 Apr 2008. Polo Ceramics has 4 board changes on record in total.
The registered office of Polo Ceramics is at Plot No 20 A – B – O – N GIDC Kadi, Mehsana, Gujarat, India – 382715.
Polo Ceramics operates in the manufacturing industry, in the sanitaryware and tile segment.
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