MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0174090
Polybond Organics Private Limited - metals and minerals in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹12,900
▼ 100% YoY
Net loss · FY 2022
₹8.87 Cr
Latest filing
EBITDA · FY 2022
-₹11.67 Lakh
Latest filing
Authorised capital
₹4.95 Cr
Registered with MCA
Paid-up capital
₹3.5 Cr
Issued & subscribed
Open charges
₹185.9 Cr
Satisfied ₹6.74 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
2
Provident fund records
About Polybond Organics Private Limited
Data last updated:
Polybond Organics Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the construction materials distribution segment of the metals and mining sector. It was incorporated on 28 July 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U61100KA1993PTC014591. Its GSTIN is 29AAACP7894C1Z3 (Karnataka). The company holds 9 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4.95 Cr and a paid-up capital of ₹3.5 Cr. It is led by directors Dinesh Baliga Vasudev (Managing Director) and Harish Vasudev Baliga (Whole-Time Director).
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. 73 1st Floor 5th A Cross Mchs Colony Off; 16th Main 2nd Stage Btm Layout, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2022, the company reported a revenue of ₹12,900, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹8.87 Cr and EBITDA of -₹11.67 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 94% over three years and 83% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹185.9 Cr and satisfied charges of ₹6.74 Cr on record. Court records list 46 cases involving the company, including 28 filed by the company and 18 filed against it; 3 cases are pending.
Polybond Organics Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0174090). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polybondgroup.com.
Company details
CIN U61100KA1993PTC014591
Registration Number 014591
Incorporation Date 28 July 1993
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0174090
Recognitions & Rankings of Polybond Organics
Contact details
Polybond Organics Private Limited's registered office is in Bangalore, Karnataka. Its website is polybondgroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo. 73 1st Floor 5th A Cross Mchs Colony Off; 16th Main 2nd Stage Btm Layout, Bangalore, Karnataka, India – 560076
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
To see the full contact details of Polybond Organics Private Limited, buy the company report.
Comprehensive company report
Polybond Organics Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Polybond Organics 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 Polybond Organics Private Limited, buy the company report.
Financials of Polybond Organics Private Limited
FY 2022 filings availablePolybond Organics Private Limited reported revenue of ₹12,900 (down 100% YoY) for FY 2022.
Revenue · FY 2022
₹12,900 ▼ 100%
Net loss · FY 2022
₹8.87 Cr
EBITDA · FY 2022
-₹11.67 Lakh
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 94%
5 years · compounded
▼ 83%
EBITDA CAGR growth
1 year
▼ 580%
3 years · compounded
▼ 26%
5 years · compounded
▼ 22%
Revenue has declined at a compounded annual rate (CAGR) of 83% over five years. EBITDA fell 580% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹11.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.87 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Polybond Organics Private Limited, buy the company report.
Board of directors of Polybond Organics Private Limited
Polybond Organics has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harish Vasudev Baliga | Whole-Time Director | 28 Jul 1993 | 33 Years 3 Months | Current |
| Dinesh Baliga Vasudev | Managing Director | 28 Jul 1993 | 33 Years 3 Months | Current |
Auditor
Polybond Organics Private Limited is audited by DEVARAJ B V & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEVARAJ B V & CO | FY 2021 | 012425S |
Shareholding
The shareholding of Polybond Organics Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Polybond Organics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹185.9 Cr
Satisfied charges
₹6.74 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2013 | 10460804 | Icici Bank Ltd | ₹3.84 Cr | Open | |
| 24 Aug 2011 | 10306009 | Canara Bank | ₹35.5 Cr | Open | |
| 07 Aug 2010 | 10239420 | Canara Bank | ₹43.65 Cr | Open | |
| 06 Mar 2004 | 80060142 | Citicorp Finance India Ltd | ₹6 Lakh | Open | |
| 06 Jun 1996 | 80041809 | Canara Bank | ₹102.85 Cr | Open |
To see the full charge records of Polybond Organics Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Polybond Organics Private Limited has 46 court cases on record: 28 filed by Polybond Organics, 18 filed against it. 3 cases are pending and 43 are disposed.
Total cases
46
Filed by the company
28
Filed against the company
18
Pending
3
Disposed
43
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 17 | 2 |
| High courts | 6 | 1 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed against the company by Sri Avantika Contractors (I) Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Highway Star Rest and Recreation Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Highway Star Rest and Recreation Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Highway Star Rest and Recreation Private Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against M/S Canara Bank | Disposed |
To see the full case history of Polybond Organics 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 Polybond Organics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Polybond Organics Private Limited has a workforce of 2 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
GST
Polybond Organics has 9 GST registrations: 1 active and 8 cancelled or inactive.
Total GSTINs
9
Active
1
Cancelled / inactive
8
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACP7894C1Z3 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Polybond Organics Private Limited, buy the company report.
Recent activity
Polybond Organics Private Limited has 10 board changes on record since 1993: 2 appointments and 8 cessations. The latest: Ajay Dinesh Baliga ceased to be Additional Director on 15 Feb 2017.
AGM
Polybond Organics Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Polybond Organics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Ceased
Ajay Dinesh Baliga ceased to be Additional Director.
Ceased
Anup Dinesh Baliga ceased to be Additional Director.
Ceased
Balakrishna Bantwal Baliga ceased to be Whole-Time Director.
Ceased
Divya Baliga Dinesh ceased to be Director.
Ceased
Prakash Baliga ceased to be Director.
Ceased
Sandhya Harish Baliga ceased to be Director.
Charges
A charge with Icici Bank Ltd amounted to Rs. 3.84 Cr with Charge ID 10460804 was registered on 12 Nov 2013.
Charges
A charge registered on 29 Aug 2011 via Charge ID 10304129 with Kotak Mahindra Bank Limited was fully satisfied on 07 Nov 2013.
Charges
A charge with Canara Bank of Rs. 102.85 Cr registered on 06 Jun 1996 with Charge ID 80041809 was modified on 26 Aug 2013.
Charges
A charge with Canara Bank of Rs. 35.50 Cr registered on 24 Aug 2011 with Charge ID 10306009 was modified on 15 Jan 2013.
16 earlier events are in the company report.
Frequently asked questions
Polybond Organics is an active private limited company based in Bangalore, Karnataka, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 28 July 1993 (33+ years old) and is registered under CIN U61100KA1993PTC014591.
Polybond Organics has 2 current directors:
- Dinesh Baliga Vasudev - Managing Director
- Harish Vasudev Baliga - Whole-Time Director
The latest financial statements of Polybond Organics 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 GSTIN of Polybond Organics is 29AAACP7894C1Z3, registered in Karnataka. The company has 9 GST registrations in all, of which 1 is active and 8 are cancelled or inactive.
The CIN (Corporate Identification Number) of Polybond Organics is U61100KA1993PTC014591. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polybond Organics has 46 court cases on record: 28 filed by the company and 18 filed against it. 3 are pending. Most are in the district courts.
Polybond Organics was incorporated on 28 July 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
Ajay Dinesh Baliga ceased to be Additional Director on 15 Feb 2017. Anup Dinesh Baliga ceased to be Additional Director on 15 Feb 2017. Balakrishna Bantwal Baliga ceased to be Whole-Time Director on 05 Nov 2015. Polybond Organics has 10 board changes on record in total.
Yes, Polybond Organics is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0174090).
Polybond Organics can be reached through the website polybondgroup.com. Its registered office is in Bangalore, Karnataka, India.