About Polyflex Enterprises Private Limited
Data last updated:
Polyflex Enterprises Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 18 April 1994.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U25209KA1994PTC015520. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹95 Lakh and a paid-up capital of ₹93.77 Lakh. It was formerly known as Dazzle Enterprises India Private Limited. It was led by directors Anand Balram Nichani (Managing Director) and Swarna Nichani.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Royal Park No. 5 & 6 First Floor Park Road Tasker Town Ward No. 78, Bangalore, Karnataka, India – 560051.
As per the financials filed for FY 2016, the company reported a revenue of ₹10,218. For the same year it recorded a net loss of ₹988 (net margin -9.7%) and EBITDA of -₹11,206 (EBITDA margin -109.7%).
As per MCA filings, the company had satisfied charges of ₹7.5 Cr on record.
The last known website on record is polyflexindia.com.
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- Registered AddressRoyal Park No. 5 & 6 First Floor Park Road Tasker Town Ward No. 78, Bangalore, Karnataka, India – 560051
- IndustryConsumer Goods, Watches & Jewelry Manufacturing, Home Furnishings Manufacturing
- 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
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Financials of Polyflex Enterprises Private Limited FY 2018 filings available
Polyflex Enterprises Private Limited reported revenue of ₹10,218 for FY 2016.
Financial Statement Summary of Polyflex Enterprises Private Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | ₹10,218 | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | -₹11,206 | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹988 | •••• |
| 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 of Polyflex Enterprises Private Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -109.7% | •••• |
| Net Profit Margin | -9.7% | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Polyflex Enterprises are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Polyflex Enterprises Private Limited
Polyflex Enterprises Private Limited is audited by RAGHAVAN CHAUDHURI & NARAYANAN for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAGHAVAN CHAUDHURI & NARAYANAN | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Polyflex Enterprises Private Limited
Polyflex Enterprises has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swarna Nichani | Director | 30 Aug 2017 | 9 Years 1 Months | As last reported |
| Anand Balram Nichani | Managing Director | 07 Aug 1999 | 27 Years 2 Months | As last reported |
Ownership and Shareholding of Polyflex Enterprises Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Polyflex Enterprises Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Jun 2010 | Corporation Bank | ₹7.5 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Polyflex Enterprises Private Limited
Employment history and EPFO contributions of people linked to Polyflex Enterprises.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Polyflex Enterprises Private Limited
Polyflex Enterprises Private Limited has 5 board changes on record since 1999: 2 appointments and 3 cessations. The latest: Nichani Udhavdas Balram ceased to be Director on 23 Feb 2018.
Credit Ratings, Litigation & Regulatory Alerts for Polyflex Enterprises Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Polyflex Enterprises Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Polyflex Enterprises Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Polyflex Enterprises Private Limited
Polyflex Enterprises 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.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Polyflex Enterprises Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Polyflex Enterprises Private Limited
Polyflex Enterprises has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Polyflex Enterprises was a private limited company based in Bangalore, Karnataka, India. The company worked in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 18 April 1994 and is registered under CIN U25209KA1994PTC015520. The company has been struck off by the Registrar of Companies and is no longer operational.
Polyflex Enterprises had 2 directors:
- Anand Balram Nichani - Managing Director
- Swarna Nichani - Director
The CIN (Corporate Identification Number) of Polyflex Enterprises is U25209KA1994PTC015520. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Polyflex Enterprises is at Royal Park No. 5 & 6 First Floor Park Road Tasker Town Ward No. 78, Bangalore, Karnataka, India – 560051.
Polyflex Enterprises was incorporated on 18 April 1994. It is registered with the Registrar of Companies, Bangalore.
Polyflex Enterprises can be reached through the website polyflexindia.com. Its registered office is in Bangalore, Karnataka, India.
Polyflex Enterprises reported revenue of ₹10,218 for FY 2016.
Polyflex Enterprises has an authorised share capital of ₹95 Lakh and a paid-up capital of ₹93.77 Lakh.
Polyflex Enterprises reported a net loss of ₹988 (net margin -9.7%) and EBITDA of -₹11,206 (EBITDA margin -109.7%) for FY 2016, as per its filed financial statements.