Polyex Pvt Ltd
About Polyex Pvt Ltd
Data last updated:
Polyex Pvt Ltd is a private limited company based in Hyderabad, Telangana, 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-based products segment of the manufacturing sector. It was incorporated on 05 December 1964.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U25209TG1964PTC001027.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Jagannath Sarangapani and Jayalakshmi Sarangapani.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 8 – 2 – 408/S/1 Road No 6 Banjara Hills, Hyderabad, Telangana, India – 500034.
As per MCA filings, the company has open charges of ₹34.43 Cr and satisfied charges of ₹18.72 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
Company details
CIN history
Polyex has one previous CIN (Corporate Identification Number): U25209AP1964PTC001027. The current CIN is U25209TG1964PTC001027, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209TG1964PTC001027 | Current |
| U25209AP1964PTC001027 | Previous |
Contact details
Polyex Pvt Ltd's registered office is in Hyderabad, Telangana. Its e-mail address is in the company report.
- Email
- Registered Address8 – 2 – 408/S/1 Road No 6 Banjara Hills, Hyderabad, Telangana, India – 500034
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Polyex 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
Financials of Polyex Pvt Ltd
FY 2019 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Polyex Pvt Ltd, buy the company report.
Board of directors of Polyex Pvt Ltd
Polyex has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagannath Sarangapani | Director | 19 Mar 2009 | 17 Years 7 Months | As last reported |
| Jayalakshmi Sarangapani | Director | 17 Jan 1979 | 47 Years 9 Months | As last reported |
| Badrinath Mudumbai Sarangapani Also directs: U Foam Pvt. Ltd, U-Foam Structures Private Limited | Director | 19 Mar 2009 | 17 Years 7 Months | As last reported |
Auditor
Polyex Pvt Ltd is audited by VENUGOPAL & CHENOY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENUGOPAL & CHENOY | FY 2019 | 004671S |
Shareholding
The shareholding of Polyex Pvt Ltd is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
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| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
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| Others |
To see the full shareholding pattern of Polyex Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Oct 2014 | 10561282 | Indian Overseas Bank | ₹34.41 Cr | Open | |
| 09 Aug 1973 | 90128927 | Indian Overseas Bank | ₹26,890 | Open | |
| 27 Dec 1972 | 90128923 | Indian Overseas Bank | ₹24,000 | Open | |
| 22 Nov 1972 | 90128922 | Indian Overseas Bank | ₹47,280 | Open | |
| 16 Nov 1972 | 90128921 | Indian Overseas Bank | ₹1 Lakh | Open |
To see the full charge records of Polyex Pvt Ltd, buy the company report.
Total charge records: 12 View all charges
Legal cases
Polyex Pvt Ltd has 3 court cases on record: 2 filed by Polyex, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed against the company | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against Indian Overseas Bank, and 1 other | Disposed |
| District court, Hyderabad CCC, Telangana | Petition | Filed by the company against an individual | Disposed |
To see the full case history of Polyex Pvt Ltd, 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 Polyex Pvt Ltd; 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 Polyex Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Polyex Pvt Ltd has 5 board changes on record since 1979: 3 appointments and 2 cessations. The latest: Mudumbai Sarangapani Padma ceased to be Director on 07 Feb 2020.
16 earlier events are in the company report.
Frequently asked questions
Polyex 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.
Polyex is a company under liquidation, formerly operating as a private limited company based in Hyderabad, Telangana, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 05 December 1964 and is registered under CIN U25209TG1964PTC001027. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Polyex has 3 current directors:
- Jagannath Sarangapani - Director
- Jayalakshmi Sarangapani - Director
- Badrinath Mudumbai Sarangapani - Director
The latest financial statements of Polyex on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Polyex is U25209TG1964PTC001027. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polyex has open charges of ₹34.43 Cr and satisfied charges of ₹18.72 Cr as per latest MCA filings.
Polyex has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Polyex was incorporated on 05 December 1964. It is registered with the Registrar of Companies, Hyderabad.
Mudumbai Sarangapani Padma ceased to be Director on 07 Feb 2020. Badrinath Mudumbai Sarangapani was appointed as Director on 19 Mar 2009. Jagannath Sarangapani was appointed as Director on 19 Mar 2009. Polyex has 5 board changes on record in total.
The registered office of Polyex is at 8 – 2 – 408S1 Road No 6 Banjara Hills, Hyderabad, Telangana, India – 500034.