Prominent Polymers Private Limited.
About Prominent Polymers Private Limited.
Data last updated:
Prominent Polymers Private Limited. is a private limited company based in Delhi, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the materials retail and distribution segment of the metals and mining sector. It was incorporated on 03 May 2006.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U25199DL2006PTC148570. Its GSTIN is 09AAECP0163E1ZP (Uttar Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹10.7 Lakh. It is led by directors Navneet Kumar Gupta and Rajni Mittal.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Plot No. A – 609 G/F Gd Colony Mayur Vihar – III, Delhi, India – 110096.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.15 Cr, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹2.47 Lakh (net margin -2.1%) and EBITDA of ₹5.27 Lakh (EBITDA margin 4.6%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 29% over five years.
As per MCA filings, the company has open charges of ₹30 Lakh on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 1 case is pending.
Company details
Contact details
Prominent Polymers Private Limited.'s registered office is in Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No. A – 609 G/F Gd Colony Mayur Vihar – III, Delhi, India – 110096
- IndustryMetals and Minerals, Materials Retail & Distribution
To see the full contact details of Prominent Polymers 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 Prominent Polymers Private Limited is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Prominent Polymers Private Limited., buy the company report.
Financials of Prominent Polymers Private Limited.
FY 2020 filings availableProminent Polymers Private Limited. reported revenue of ₹1.15 Cr (down 77% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 77% fall 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹5.27 Lakh | ||||
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| Net Profit (PAT) | -₹2.47 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA Margin | 4.6% | ||||
| Net Profit Margin | -2.1% | ||||
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To see the full financial statements and ratios of Prominent Polymers Private Limited., buy the company report.
Board of directors of Prominent Polymers Private Limited.
Prominent Polymers Private Limited 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 |
|---|---|---|---|---|
| Navneet Kumar Gupta | Director | 30 Oct 2009 | 16 Years 11 Months | As last reported |
| Rajni Mittal | Director | 30 Oct 2009 | 16 Years 11 Months | As last reported |
Auditor
Prominent Polymers Private Limited. is audited by GOYAL MALHOTRA & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOYAL MALHOTRA & ASSOCIATES | FY 2016 | 008015C |
Shareholding
The shareholding of Prominent Polymers Private Limited. is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Prominent Polymers Private Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Aug 2015 | 10596849 | State Bank of Hyderabad | ₹30 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Prominent Polymers Private Limited. has 7 court cases on record: 6 filed by Prominent Polymers Private Limited, 1 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 1 | 1 |
Cases on record (2 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Criminal case | Filed against the company by HDFC Bank Ltd. | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against an individual | Disposed |
To see the full case history of Prominent Polymers 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 Prominent Polymers Private Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Prominent Polymers Private Limited has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECP0163E1ZP | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prominent Polymers Private Limited., buy the company report.
Recent activity
Prominent Polymers Private Limited. has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Mamchand Sharma ceased to be Additional Director on 07 May 2015.
Frequently asked questions
Prominent Polymers Private Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Prominent Polymers Private Limited is a company under insolvency, formerly operating as a private limited company based in Delhi, India. The company works in materials retail and distribution, within the metals and minerals industry. It was incorporated on 03 May 2006 and is registered under CIN U25199DL2006PTC148570. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Prominent Polymers Private Limited has 2 current directors:
- Navneet Kumar Gupta - Director
- Rajni Mittal - Director
The latest financial statements of Prominent Polymers Private Limited on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Prominent Polymers Private Limited is U25199DL2006PTC148570. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prominent Polymers Private Limited has open charges of ₹30 Lakh and no satisfied charges on record as per latest MCA filings.
Prominent Polymers Private Limited has 7 court cases on record: 6 filed by the company and 1 filed against it. 1 is pending.
Prominent Polymers Private Limited was incorporated on 03 May 2006. It is registered with the Registrar of Companies, Delhi.
Mamchand Sharma ceased to be Additional Director on 07 May 2015. Dinesh Kumar Khanna ceased to be Director on 15 Dec 2009. Vinod Kumar Chugh ceased to be Director on 15 Dec 2009. Prominent Polymers Private Limited has 5 board changes on record in total.
The registered office of Prominent Polymers Private Limited is at Plot No. A – 609 GF Gd Colony Mayur Vihar – III, Delhi, India – 110096.