Poly Bags Private Limited
About Poly Bags Private Limited
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Poly Bags Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the manufacturing segment of the plastics and polymers sector. It was incorporated on 18 September 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U25209TN1979PTC007942.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.41 Lakh. It is led by directors Sithambaram Veerappan (Managing Director) and Veerappan Chidambaram.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No.3 Industrial Estate Palakka Pudupatti Kothiarkundu P.O., Madurai, Tamil Nadu, India – 626711.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.02 Lakh, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹1,490 (net margin 1.5%) and EBITDA of ₹1,490 (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹1.2 Lakh and satisfied charges of ₹6.88 Lakh on record. Court records list 16 cases involving the company, including 14 filed by the company and 2 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Poly Bags Private Limited's registered office is in Madurai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.3 Industrial Estate Palakka Pudupatti Kothiarkundu P.O., Madurai, Tamil Nadu, India – 626711
- IndustryPlastics, Manufacturing, Pvc, Plastic, Tank, Synthetic
To see the full contact details of Poly Bags 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 Poly Bags Private Limited
FY 2022 filings availablePoly Bags Private Limited reported revenue of ₹1.02 Lakh (up 6% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 6% growth in the latest year. EBITDA rose 135% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹1,490 | ||||
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| Net Profit (PAT) | ₹1,490 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Poly Bags Private Limited, buy the company report.
Board of directors of Poly Bags Private Limited
Poly Bags has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sithambaram Veerappan | Managing Director | 18 Sep 1979 | 47 Years 1 Months | Current |
| Veerappan Chidambaram | Director | 01 Oct 1982 | 44 Years 1 Months | Current |
Auditor
Poly Bags Private Limited is audited by GIDEON PAUL for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GIDEON PAUL | FY 2017 | 209090 |
Shareholding
The shareholding of Poly Bags Private Limited 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 Poly Bags Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 1988 | 90322837 | District Industries Cerntre | ₹10,500 | Open | |
| 12 Jan 1987 | 80061179 | District Industries Centre | ₹69,000 | Open | |
| 25 Mar 1986 | 90322814 | District Industries Centre | ₹40,000 | Open | |
| 22 Oct 1987 | 90322829 | Indian Overseas Bank | ₹1.4 Lakh | Satisfied | |
| 24 Dec 1982 | 90317969 | Indian Overseas Bank | ₹1.35 Lakh | Satisfied |
To see the full charge records of Poly Bags Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Poly Bags Private Limited has 16 court cases on record: 14 filed by Poly Bags, 2 filed against it. 3 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 1 |
| District courts | 7 | 0 | 2 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against The Kerala State Civil Supplies Corporation Ltd. and 1 other | Disposed |
| District court, Tiruchirappalli, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Tiruchirappalli, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| High Court | Writ petition | Filed by the company against individuals | Pending |
| District court, Tiruchirappalli, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
To see the full case history of Poly Bags 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 Poly Bags Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Poly Bags Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Poly Bags Private Limited has 2 board changes on record since 1979: 2 appointments. The latest: Veerappan Chidambaram was appointed as Director on 01 Oct 1982.
9 earlier events are in the company report.
Frequently asked questions
Poly Bags is an active private limited company based in Madurai, Tamil Nadu, India. The company works in manufacturing, within the plastics industry. It was incorporated on 18 September 1979 (47+ years old) and is registered under CIN U25209TN1979PTC007942.
Poly Bags has 2 current directors:
- Sithambaram Veerappan - Managing Director
- Veerappan Chidambaram - Director
The latest financial statements of Poly Bags on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Poly Bags is U25209TN1979PTC007942. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Poly Bags has 16 court cases on record: 14 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
Poly Bags was incorporated on 18 September 1979, making it 47+ years old. It is registered with the Registrar of Companies, Chennai.
Veerappan Chidambaram was appointed as Director on 01 Oct 1982. Sithambaram Veerappan was appointed as Managing Director on 18 Sep 1979.
The registered office of Poly Bags is at No.3 Industrial Estate Palakka Pudupatti Kothiarkundu P.O., Madurai, Tamil Nadu, India – 626711.
Poly Bags operates in the plastics industry, in the manufacturing segment.
Poly Bags has open charges of ₹1.2 Lakh and satisfied charges of ₹6.88 Lakh as per latest MCA filings.
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